101 Switchback Lane is a modern mountain masterpiece located on the slopes of Spruce Peak. Designed by renowned alpine architect Zehren & Associates, this new home is a luxury retreat that exists seamlessly in an idyllic mountain setting. The home is fully furnished and offers the beauty of Vermont while featuring all the modern conveniences to allow effortless living including radiant heat, motorized window shades, a dedicated ski storage room, automatic toilets, a back-up generator, and an interior elevator. Situated on a cliffside with stunning mountain views, this three floor 6, 000 square foot home offers amenities unlike any other on the mountain. Each room has its own unique views capturing the natural beauty surrounding the home. Channeling the serenity of the resort, the indoor and outdoor living spaces flow openly, with large sliding glass walls opening to the unobstructed views of the trails and peaks of Mt Mansfield, giving the entire space an infinity feel. Relax in the combination endless pool and jacuzzi or by the outdoor fire with front row views of the ridgeline above. After a day of skiing, you can unwind in the indoor spa using the custom wood Japanese soaking tub and infrared sauna, warm yourself by any one of the three fireplaces while you watch the famous Stowe sunsets, rest in the sumptuous luxury of each guest room, or enjoy a movie in the media game room. 101 Switchback, a glorious hideaway just steps from the Spruce Peak Village and trails.
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Our Executive Mortgage Banker:
Our Insurance Division:
$15,995,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $12,796,000 | $12,796,000 | $12,796,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
Monthly Tax Payment | $6,548 | $6,548 | $6,548 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $74,674 | $80,879 | $107,980 |
Total Monthly Payment | $81,347 | $87,552 | $114,653 |
* 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.