A rare opportunity to secure new construction in Saint Albans Town, this beautiful, colonial-style new build package is yours for the taking. Nestled on over an acre of land and surrounded by the serenity of Maquam Shore, this impressive opportunity awaits. Directly across from Lake Champlain and moments to both Cohen Park and Saint Albans Bay, picturesque sunsets are just a few months from being your day-to-day. Offering 3 bedrooms, 2. 5 bathrooms, and an open floor plan, the home is full of potential. With an expansive downstairs area, including a separate study, foyer, and dining area, there's more than enough space to situate a work-from-home area, playroom, or lounge. With upstairs laundry, walk-in closets, and generously sized rooms, this home certainly checks all of the boxes. With a full unfinished basement and attached 2-car garage, there's plenty of room for storage and/or future expansion. Offered as either a turn-key opportunity or via construction loan, and due to be completed in July of 2025, now is the time to meet with the builder, solidify your plans and lock in the chance to own this beautiful build. All terms are subject to a finalized construction agreement, add-ons and adjustments to the floor plan are welcome.
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$679,000
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 | $543,200 | $543,200 | $543,200 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,660 | $3,610 | $4,581 |
Total Monthly Payment | $3,752 | $3,702 | $4,673 |
* 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.