Summer delight! Wonderful renovated seasonal cottage for sale on beautiful Lake Carmi. This home has 120 feet of direct frontage on Vermont’s 4th largest Lake and features fantastic sunsets from your private expansive patio. This lovingly cared for classic one bedroom Lake Cottage even has a sleeping loft. Bright and open with a spacious kitchen w/breakfast bar, large closets & built-in storage and an updated bath with laundry. Enjoy meals in the lovely dining area bathed in natural sunlight from the abundance of windows facing the stunning lake views. Located on a huge double lot at the end of a private road with its own septic system & drilled well. There is also a garage/workshop with storage shed, large wood & tool shed and additional furnished 2BR/1BA Park model camper for hosting guests. Improvements include a new on-demand water heater, cement board siding, metal roof and new Rinnai monitor heater. Relax on the 2nd stone patio by the fire pit in your hammock chair with a book or a drink. There is lots of lawn space for playing and gardening plus raised beds & established landscaping. Included in the sale for your summer enjoyment is a 14' Sylvan fishing boat with boat lift and 3 aluminum docks w/cedar planks. Located just 1 hour from Burlington, 45 minutes to Jay Peak Ski Area, and 1 hour to Montreal. This property is perfect for RV enthusiasts. Park your RV and spend the Summer at your Cottage on the Lake!
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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 | $311,120 | $311,120 | $311,120 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $422 | $422 | $422 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,096 | $2,068 | $2,624 |
Total Monthly Payment | $2,593 | $2,565 | $3,121 |
* 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.