1500 Dugway Road, #Lot 22, Richmond, VT, 05477 | $1,400,000

The Vermont dream awaits you with this stunning Mountain property that is located just 25 minutes from downtown Burlington. In current use, one could continue to use for light farming and forestation program in addition to developing your future dream home. This is the type of property where you, your family and friends can get away from it all while also being close to all the amenities this area has to offer. A series of walking trails throughout this land and the neighboring parcel for sale has been developed to satisfy the serenity of nature one craves. Whether it's biking or hiking you desire, you will find it with such a magical spot. This land backs up to Cochrans Ski Area and close to multiple ski resorts nearby. If this isn't enough, this property comes with easement access to the Huntington River across the street to cool off on those hot summer days. A short trip to the Airport, UVM, Lake Champlain, shopping, restaurants and all that Vermont has to offer. An additional 190 acres connected to this parcel is available for purchase as well.

Features

  • Zoning: Residential, Agricultural
  • Lot Desc: Mountain,Near Paths,Near Skiing,Country Setting,Field/Pasture,Mountain View,Recreational,Rolling,Trail/Near Trail,Walking Trails,Wooded,Near Hospital
  • Elem. School: Richmond Elementary School
  • Middle School: Camels Hump Middle USD 17
  • High School: Mt. Mansfield USD #17
  • School District: Richmond School District
  • MLS#: 5009433
  • Website: https://www.raveis.com
    /prop/5009433/1500dugwayroad_richmond_vt?source=qrflyer
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Listing courtesy of KW Vermont   Phone: 802-654-8500
Listing Agent: Mike Burak

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NMLS Mortgage Loan Originator ID 793093

203.415.2989

Brian.Skelly@raveis.com

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1500 Dugway Road, #Lot 22, Richmond, VT, 05477

$1,400,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,120,000 $1,120,000 $1,120,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.750% 6.500% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.844% 6.597% 6.158%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,536 $7,079 $9,451
Total Monthly Payment $6,661 $7,204 $9,576

* 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.