53 North Main Street, Wilmington, VT, 05363 | $639,000

Formerly listed in the Wilmington Town Records as a Commercial Property, however, the owners changed that designation to Residential including a one bed. /one bath apartment and (2) two bedroom, one bath apartments and a 7 bedroom/7. 5 half bath once an Inn. The current owner is in the process of installing egress windows in all bedrooms in the Inn. The current owner has also electrified all smoke and carbon monoxide detectors and is in the process of installing railings on the second floor fire escape access. The apartment that is attached to the inn portion of this property has all utilities included while the apartments in the Cape style home pay all their own utilities. Trash is included for all tenants.

Features

  • Rooms: 11
  • Bedrooms: 5
  • Baths: 3 full
  • Units: 3
  • Style: Cape,Colonial,Multi-Family,Multi-Level
  • Year Built: 1940
  • Heating: Baseboard
  • Cooling: None
  • Basement: Full,Stairs - Exterior,Stairs - Interior,Interior Access,Stairs - Basement
  • Approx Sq. Feet: 5,424
  • Acreage: 2.3
  • Est. Taxes: $9,408
  • Lot Desc: Open,Recreational,Slight
  • MLS#: 5020232
  • Website: https://www.raveis.com
    /prop/5020232/53northmainstreet_wilmington_vt?source=qrflyer
©2024 New England Real Estate Network, Inc. All rights reserved.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 11/14/2024
Listing courtesy of Read Realty LTD   Phone: 802-348-9997
Listing Agent: Ginny Read

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Brian SkellyVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 793093

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Brian.Skelly@raveis.com

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53 North Main Street, Wilmington, VT, 05363

$639,000

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 $511,200 $511,200 $511,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.655% 7.146% 6.276%
Monthly Tax Payment $784 $784 $784
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,487 $3,398 $4,311
Total Monthly Payment $4,363 $4,274 $5,187

* 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.