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1746 Urban Farm Way, Cabot, VT, 05647 | $68,000
Nice economical 10. 2+/- acre lot for an off-grid cabin or home. This wooded lot is in a beautiful country setting in the quiet and famous little town of Cabot, VT. Located on a well-maintained Town Legal Trail the road has several residents living off-grid and maintaining the road, drivable by any type of vehicle. This is the second to last lot on the drivable portion of the road and with a little tree trimming would have fantastic mountain views from the likely homesite. A culvert and entrance drive will be needed, but no permit is needed because of the road classification. There is a path along the northern edge that leads to an old camp area with several collapsed structures that have not been used in years. We believe that a better spot for a cabin or home is toward the front of the property on a slightly elevated section offering ease of access and great views. This spot also has some huge old trees that make for a tranquil spot. Lots of signs of wildlife. Cabot is located neatly between Montpelier and St. Johnsbury making travel for shopping, entertainment, and medical care easy. No septic soil testing has been completed, but VT State ANR soil maps show the soils to be conducive for septic (Soil Type IIc). Joes Pond is just a quick drive and offers great boating, fishing, and a public swimming area. A great opportunity just waiting for you to explore.
Features
- Zoning: Low Density Res & Ag
- Frontage: 235
- Lot Desc: Country Setting,Level,Mountain View,Recreational,Secluded,View,Wooded
- Elem. School: Cabot School
- Middle School: Cabot School
- High School: Cabot School
- School District: Cabot School District
- MLS#: 5011867
- Website: https://www.raveis.com
/prop/5011867/1746urbanfarmway_cabot_vt?source=qrflyer
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Listing Agent: Curtis Trousdale
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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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1746 Urban Farm Way, Cabot, VT, 05647
$68,000
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 | $54,400 | $54,400 | $54,400 |
| 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 | 7.563% | 7.159% | 6.276% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $362 | $362 | $459 |
| Total Monthly Payment | $437 | $437 | $534 |
* 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