Graced with the beauty of 8000’ of river frontage along the Winooski River’s Kingsbury Branch, this 75 +/- acre parcel is the perfect escape from the rigors of daily life. Located in the central Vermont town of East Montpelier! Under 20 minutes from the state capital, the land offers a sense of country seclusion while conveniently located close to all of the capital’s amenities, employment, and entertainment opportunities. Situated low in the river valley, the land offers an ideal recreational oasis composed of open pastures, woodland, streams, and apple trees where you can enjoy your choice of farming, fishing, hunting, ATVing and more. An access road off the state maintained and plowed Route VT-214, travels down to a large clearing. Septic soil testing has shown the likelihood of a year-round residence. Underground power is installed along the top of the access road and could be extended down to a potential homesite. This expansive land is complete with mostly drivable, gravel trails that extend almost the entire length of the property. There is an underground bunker and Quonset hut. Large gravel pit that based on zoning would be for personal use only, great for maintaining roads, construction, private shooting range, etc. Cable, phone & internet services are available along VT Route 214 through Consolidated Comm. Located in the Residential and Commercial zoning district. Much of the property is in flood zone due to the river and internal tributaries.
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Our Executive Mortgage Banker:
Our Insurance Division:
$225,000
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 | $180,000 | $180,000 | $180,000 |
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 | $1,198 | $1,196 | $1,518 |
Total Monthly Payment | $1,273 | $1,271 | $1,593 |
* 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.