0 U.S. Route 4, #Parcel II, Killington, VT, 05751 | $995,000

31. 53 acres (Parcel 44-018) being sold together with Parcel 43-022/23 for a combined total of 57 acres. Both parcels are listed at $995K each. Spectacular large parcels in Killington ideally situated adjacent to Skyeship Gondola providing superb access to one of the largest ski resorts in the East. Perfectly positioned just seconds from the slopes and minutes to the nightlife. Picturesque 57 acres with excellent frontage along U. S. Route 4. Approximately 2K ft of frontage along Rte 4 and 2K feet of frontage on Ottauquechee River. Zoning provides opportunity for both commercial and residential development. Land previously received Act 250 permit to build a hotel and condominiums along with single / multi-family homes. In addition, permit had approvals for a pedestrian bridge across East Mountain Road connecting to Skyeship Gondola base area (ski-on/ski-off). Act 250 permit has expired but could be amended and resubmitted. Existing drilled well already on site, demonstrated to be a high output "gusher" well. Beautiful woodlands with old logging roads and rarely seen old growth hemlock groves.

Features

  • Zoning: Valley, Hamlet
  • Frontage: 544
  • Lot Desc: Corner,Country Setting,Major Road Frontage,Mountain View,Recreational,River,River Frontage,Rolling,Ski Area,Sloping,Walking Trails,Water View,Waterfront,Wooded
  • Water Front: Yes
  • MLS#: 5023394
  • Website: https://www.raveis.com
    /prop/5023394/0usroute4_killington_vt?source=qrflyer
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Listing courtesy of www.HomeZu.com   Phone: 877-249-5478
Listing Agent: Jason Saphire

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0 U.S. Route 4, #Parcel II, Killington, VT, 05751

$995,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $796,000 $796,000 $796,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.625% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.820% 6.723% 6.284%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,709 $5,097 $6,771
Total Monthly Payment $4,801 $5,189 $6,863

* 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.