Major Price Reduction! Attention hikers, mountain bikers, hunters, snowmobilers, and outdoor enthusiasts. Come see this now, an even more affordable rare 5-acre property, in Shrewsbury, VT. This secluded lot adjoins the expansive Jeffords and Aitken State forest . The land serves as a basecamp for those seeking serenity, solitude and a connection to the great outdoors, you will love the 400 sq ft, off-grid 3-season camp, with a wood stove, large windows, cathedral ceiling, a queen-sized bed in the loft space, a separate bathroom with a composting toilet, and even an white birch tree trunk going up through the center. There is a hookup for a generator and an 8’X8’ shed for storage. Sit on the porch overlooking gorgeous mountain views to the west and take in the sights and sounds of the wildlife. Want to fish? Mendon Brook is located just south 400’ down the trail. Very secluded location, but still just 8 miles from Olivia's Market in Rutland, it is reached currently only from the north. It offers limited access, enhancing its off-grid appeal and ensuring peace and quiet away from urban distractions. That said, in the winter months, you can snowmobile in and out from your front door on the trails or backcountry ski up the hill all the way into the Cooledge State Forest and the backside of Killington.
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Our Executive Mortgage Banker:
Our Insurance Division:
$115,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $92,000 | $92,000 | $92,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $612 | $611 | $776 |
Total Monthly Payment | $687 | $686 | $851 |
* 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.