Don’t miss this rare opportunity to own 1. 9 acres of beautiful lakefront property along Lake Champlain! With 228 ft. of sandy beach facing west over the lake, you’ll enjoy captivating views of the Adirondack Mountains year round with excellent opportunities for swimming, boating and other water sports during the summertime. A long, tree-lined private driveway leads you to the property where a flat lawn provides ample space for your dream home. This lot is permitted for a 5-bedroom septic system with town water and power on-site. You’ll love the serene, private setting - the perfect spot to call home. A small cottage, once home to Camp Tara - a cherished summer retreat for kids, is included with the property. This historic building, with its charming wood floors, stone hearth, and wood-burning fireplace, offers a nostalgic touch. It’s perfect for hosting gatherings by the beach or converting into a tranquil studio. Situated in the heart of Colchester, this peaceful location is conveniently located within minutes to schools, shopping, dining and more! *Private driveway, so no drive-by's please!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,750,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,400,000 | $1,400,000 | $1,400,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.000% | 5.875% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.963% | 5.983% | 5.805% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,516 | $8,282 | $11,532 |
Total Monthly Payment | $7,641 | $8,407 | $11,657 |
* 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.