TBD Selden Mill Road, Ripton, VT, 05766 | $150,000

Tucked into the Ripton wilderness is this 12+ acre wooded parcel with the Fire Brook running through it! Located at the end of a private road, the first part of the lot has some trees that were planted as part of a Christmas tree farm nearby. A logging road winds through the property, crosses the brook, and leads you to a higher elevation in the back of the lot with mountain views. A State wastewater permit for a four bedroom home is in process and will be in place prior to a closing. Come build your new home in a place where you can hike and ski right out your door! Just 20 minutes to downtown Middlebury, and 5 miles to the Rikert outdoor center for nordic skiing, and 7 miles to the Middlebury College Snow Bowl for alpine skiing. Outdoor recreation and your own personal retreat awaits!

Features

  • Zoning: LDR-10
  • Lot Desc: Country Setting,Wooded
  • Elem. School: Ripton Elementary School
  • Middle School: Middlebury Union Middle #3
  • High School: Middlebury Senior UHSD #3
  • School District: Addison Central
  • MLS#: 5023240
  • Website: https://www.raveis.com
    /prop/5023240/tbdseldenmillroad_ripton_vt?source=qrflyer
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Listing courtesy of IPJ Real Estate   Phone: 802-388-4242
Listing Agent: Sarah Peluso

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NMLS Mortgage Loan Originator ID 793093

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Brian.Skelly@raveis.com

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TBD Selden Mill Road, Ripton, VT, 05766

$150,000

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 $120,000 $120,000 $120,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.243% 7.171% 6.518%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $798 $798 $1,029
Total Monthly Payment $873 $873 $1,104

* 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.