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1873 Colchester Point Road, Colchester, VT, 05446 | $489,900
Imagine the allure of waterfront living, where sunsets and sandy shores paint the backdrop of your seasonal haven. This expansive camp, constructed in 2012, offers a single-level, open-concept layout featuring vaulted ceilings and abundant windows. A gas fireplace insert ensures warmth, while the kitchen features an extended bar perfect for admiring the panoramic views of Lake Champlain. Additional storage can be found in the loft space and a powered shed in the backyard. The property boasts a spacious driveway for ample parking and an open yard ideal for outdoor games. With southwest exposure, you are treated to breathtaking vistas of Lake Champlain and the Green and Adirondack Mountains. Summer nights invite you to enjoy campfires on the beach and stargazing with friends. Keep your jet ski or boat at the ready, right in front of the camp. For biking and recreation enthusiasts, the nearby Island Line Trail provides convenient access to the causeway, leading directly into Burlington or the Champlain Islands. This camp is situated on leased land, with the season running from April 1st to October 31st. Buyers will receive a new lease before closing, with an option to renew for an additional 20 years. The lease rate for 2024 is set at $9, 581, with a 3% annual increase, plus $795 in additional land taxes and a $20 annual association fee. Please note, this camp is not eligible for conversion to year-round use. Most furnishings included!
Features
- Rooms: 4
- Bedrooms: 2
- Baths: 1 full
- Style: Cottage/Camp
- Year Built: 2012
- Heating: Other,Wall Units
- Cooling: None
- Approx Sq. Feet: 1,096
- Acreage: 0.25
- Est. Taxes: $7,208
- Lot Desc: Lake Frontage,Lake View,Lakes,Leased,Level,View,Water View,Waterfront
- Water Front: Yes
- MLS#: 5011393
- Website: https://www.raveis.com
/prop/5011393/1873colchesterpointroad_colchester_vt?source=qrflyer
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 11/8/2024Listing courtesy of Rossi & Riina Real Estate Phone: 802-448-2860
Listing Agent: Ernie Rossi
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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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1873 Colchester Point Road, Colchester, VT, 05446
$489,900
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 | $391,920 | $391,920 | $391,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.125% | 6.875% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.616% | 7.055% | 6.256% |
| Monthly Tax Payment | $601 | $601 | $601 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,640 | $2,575 | $3,305 |
| Total Monthly Payment | $3,316 | $3,251 | $3,981 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484