Explore this nearly ten-acre agricultural (or residential) parcel located at the intersection of Indian Massacre Road and Route 346 in Pownal, VT. This flat and fertile land, currently cultivated for corn, offers the potential to be leased by a farmer, providing income opportunities. The property features an 1800s Dutch-built barn, rich in historical character, though it requires restoration—an exciting prospect for those looking to preserve a piece of the past or envision something new. Pownal, Vermont’s southernmost town, is nestled between the Berkshire and Green Mountains, offering stunning scenic views and a peaceful rural setting. The area is conveniently situated near Bennington and Williamstown, MA, where you can enjoy cultural attractions, dining, and shopping. Whether you're interested in continuing agricultural use or seeking a serene location to build your dream home, this property is a unique opportunity waiting to be realized. For information on potential grants available for barn restoration, contact your agent about Vermont's Historic Preservation Barn Grants available through the Agency of Commerce and Community Development!
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William Raveis Real Estate
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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 | $76,000 | $76,000 | $76,000 |
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 | $506 | $505 | $641 |
Total Monthly Payment | $581 | $580 | $716 |
* 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.