Make this Burlington home your "Shangri-La", a place of calm, peace & beauty, a repose of unruffled quietude! Primary, seasonal or Corporate investment, this custom 3 bedroom, 2 bath townhome is the right choice. With 2 levels above grade and no monthly HOA fees here, saving the owner(s) $ each month. The grand Winooski River is the backdrop as you arrive to your new home with paved driveway. A 9-level terraced garden with partial irrigation are there for your outdoor delight along with a shared courtyard to the right. A 2-level wrap around deck and swing provide 180 degree views of the water before entering the home. An inviting upper floor has a vaulted ceiling, open living, dining and kitchen areas, views from every angle. A primary bedroom & full bathroom complete this level. A contemporary spiral staircase accesses the lower level with walk out on grade utility. Another mixed use living area, 2 additional bedrooms, a full bathroom with laundry and younger natural gas hot water furnace heating unit. Ductless air mini splits provide supplemental heat & cooling to both levels. Back to the outdoors. . . A 30 step trek to the riverfront ending your sunny days viewing a gorgeous sunset with a deck and floating dock. No flooding worries here as the home sits high upon the hillside. Direct access to Lake Champlain while the areas across from the subject property are preserved lands in Colchester. The Burlington Bike Path & Lake Champlain are only . 5 mile.
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Our Executive Mortgage Banker:
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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 | $380,800 | $380,800 | $380,800 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.153% | 7.159% | 6.276% |
Monthly Tax Payment | $583 | $583 | $583 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,470 | $2,531 | $3,211 |
Total Monthly Payment | $3,128 | $3,189 | $3,869 |
* 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.