Don’t miss this fantastic 3-bedroom ranch, an incredible opportunity for both investors and those looking for a place to call home. Currently rented at $4, 400/month, this property is not just a residence; it’s a savvy investment opportunity. As you enter, you’re greeted by an inviting open main living space connecting the living room, kitchen & dining area. You’ll immediately appreciate the modern updates that have transformed this home over the past 8 years including the updated kitchen featuring ceramic tile flooring, rich hardwood flooring throughout the main living areas and updated carpeting in the bedrooms adding warmth & comfort. This home has undergone significant improvements over the past 8 years including adding an on-demand hot water system, roof, window & vinyl siding replacements, plus updated plumbing fixtures and drywall. A standout feature is the new boiler (2023) ensuring efficient heating, while the appliances—less than two years old—bring a fresh touch to daily living. Relax outside on your large covered porch, the perfect spot to enjoy your morning coffee or unwind in the evening. Plus, with ample off-street parking, you and your guests will never have to worry about finding a spot. Situated in a wonderful neighborhood, this home is just minutes from I-89, downtown Burlington and the scenic shores of Lake Champlain. Enjoy easy access to a variety of shopping and dining options, making it a truly convenient place to live.
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Our Executive Mortgage Banker:
Our Insurance Division:
$425,000
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 | $340,000 | $340,000 | $340,000 |
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 | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $695 | $695 | $695 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,262 | $2,260 | $2,867 |
Total Monthly Payment | $3,032 | $3,030 | $3,637 |
* 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.