82 Elm Street, Manchester, VT, 05255 | $499,000

Manchester property zoned (Mixed Use 1) on 0. 22 acres located in close proximity to all downtown amenities. Currently permitted for professional office on the first floor, and a separate two bedroom apartment on the second floor. Both spaces are connected and could be used together without any additional renovation needed. The property overall is very well maintained. Recent improvements include: (4) four new mini-splits, updated furnace with on demand hot water. Many fine features including: air conditioning, hardwood flooring, tile bathrooms, propane radiator heat. The property offers a gracious covered front porch, and an enclosed rear porch suitable for a mudroom in the winter months. The first floor consists of entry, half bath, reception area, office, and conference room. The second floor offers a living room/kitchen, two bedrooms, and a full bath. The kitchen is equipted with refrigerator, electric range, and microwave. The flooring is hardwood, tile, carpet, laminate. There are two electrical services - one up, and one down, each with 100 amp mains. The roof is predominantly slate, with rubber membrane over the two porch sections, asbestos shingle siding. The property is serviced by town water and town sewer. Hi-speed internet connection available through comcast xfinity. All room measurements are approximate.

Features

  • Property Type: Office
  • Construction: Cement Exterior
  • Parking: Driveway,Off Street,Parking Spaces 5 - 10
  • Heating: Baseboard,Electric,Hot Water,Multi Zone,Propane,Mini Split
  • Cooling: Multi Zone,Mini Split
  • Units: 2
  • Zoning: Mixed Use 1
  • Year Built: 1900
  • Approx Sq. Feet: 1,750
  • Acreage: 0.22
  • Est. Taxes: $4,460
  • MLS#: 5007102
  • Website: https://www.raveis.com
    /prop/5007102/82elmstreet_manchester_vt?source=qrflyer
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Listing courtesy of Four Seasons Sotheby's Int'l Realty   Phone: 802-362-4551
Listing Agent: David Halligan

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Brian SkellyVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 793093

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Brian.Skelly@raveis.com

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82 Elm Street, Manchester, VT, 05255

$499,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Brian Skelly

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 203.415.2989

Brian.Skelly@raveis.com

NMLS Mortgage Loan Originator ID 793093

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $399,200 $399,200 $399,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.456% 7.171% 6.276%
Monthly Tax Payment $372 $372 $372
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,689 $2,653 $3,367
Total Monthly Payment $3,136 $3,100 $3,814

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.