Look. This house needs work. It needs interior renovations, and it needs to be painted. Roof? Hard to say, might be just fine. The carpets need to come up, appliances need to be replaced, and, well, you get the idea. It’s also close to the road. If you’re afraid of hard work and don’t like getting dirty, this might not be the property for you. But if sweat, work, and sheetrock dust don’t bother you? If you can see through what others can’t? Then this might be a good fit. The town calls it a 2 bedroom, 2 bath house, but with more than 2000 sf, there’s a lot of flexibility in how to use it. One kitchen and bathroom on the first floor, another kitchen and bathroom on the second. Concrete foundation, and the building appears to be solid. Attached barn for storage or a workshop, which will come in handy. Enclosed back porch overlooking the backyard. This should polish up real nice, into a respectable single family home, duplex, or even a home business. Paved drive to Montpelier, Hardwick, and all points north, south, east, and west. Please note–building has been winterized, and the heat is not on. As of this writing, electricity is not on. So, bring a flashlight and a sweater.
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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 | $100,000 | $100,000 | $100,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.708% | 7.133% | 6.256% |
Monthly Tax Payment | $169 | $169 | $169 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $691 | $665 | $843 |
Total Monthly Payment | $935 | $909 | $1,087 |
* 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.