2537 Malletts Bay Avenue, Colchester, VT, 05446 | $605,000

Wonderful opportunity awaits right off Mallets Bay Avenue! Unique raised ranch style duplex has so much to offer. Unit 1 features 4 spacious bedrooms, a living room with bamboo wood flooring that flows into a formal dining room with natural light from every direction overlooking the backyard with a brand new sliding glass door to access many of your outdoor activities! You will not need to worry about storage in the kitchen, as it has plenty of cabinet space. Downstairs you will find 3 bedrooms and an additional living area to entertain many of your guests. Updated flooring, full bathroom and convenient laundry room downstairs. Step around back to access Unit 2 which is a 2 bed, 1 bath charmer with newer appliances, tall ceilings and natural light that shines through the living room. Each unit has their own washer/dryer, a 2 car garage and plenty off street parking. Add to your investment portfolio or owner occupy! Minutes to Downtown Winooski, Downtown Burlington, UVM Medical Center and St. Michaels College. Don’t miss out on this one!

Features

  • Rooms: 14
  • Bedrooms: 6
  • Baths: 2 full
  • Units: 2
  • Style: Duplex,Multi-Family
  • Year Built: 1968
  • Garage: 2-car Garage
  • Heating: Natural Gas,Direct Vent,Monitor Type
  • Cooling: None
  • Basement: Finished,Stairs - Interior,Stairs - Basement
  • Approx Sq. Feet: 3,207
  • Acreage: 0.68
  • Est. Taxes: $6,838
  • Lot Desc: Landscaped,Other,Sidewalks,Trail/Near Trail,Walking Trails,In Town,Near Paths,Near Shopping,Near Public Transportatn,Near Hospital
  • Elem. School: Malletts Bay Elementary School
  • Middle School: Colchester Middle School
  • High School: Colchester High School
  • School District: Colchester School District
  • MLS#: 5009300
  • Website: https://www.raveis.com
    /prop/5009300/2537mallettsbayavenue_colchester_vt?source=qrflyer
©2024 New England Real Estate Network, Inc. All rights reserved.This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 12/4/2024
Listing courtesy of Geri Reilly Real Estate   Phone: 802-862-6677
Listing Agent: Geri Reilly

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Brian SkellyVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 793093

203.415.2989

Brian.Skelly@raveis.com

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2537 Malletts Bay Avenue, Colchester, VT, 05446

$605,000

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 $484,000 $484,000 $484,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.625% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.300% 6.802% 5.990%
Monthly Tax Payment $570 $570 $570
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,139 $3,099 $4,019
Total Monthly Payment $3,801 $3,761 $4,681

* 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.