This is a premium location in the very desirable town of Peru, Vermont. Bring your vision and design ideas. This was offered a year ago as an improved lot and existing foundation. Now the sellers have made significant progress, improving it even more. You can make all the detailed finish selections in a new construction offering. This home is now a complete "weather-tight' shell. All the framing, roof, windows, exterior doors, septic leach field, water well, driveway, and level grading has been installed. The second floor is framed for 3 bedrooms with 2 full bathroom spaces. The primary bedroom has 10' ceiling heights and a large walk-in closet. The first floor remains an open concept. The foundation will have the entry mudroom, utility room, and the one car garage. The front wrap around porch will significantly increase the living space by building the roof enclosure. Although it is currently designed for 3 bedrooms, the installed leach field can accommodate a 4th bedroom. If you choose to build a separate garage/barn on the site, the existing foundation space can be turned into an additional family room. Bromley Mt. is 4 away, with Stratton and Magic Mt. only short drives away. All of the hard work is done. Come see the potential, and take advantage of this unique opportunity.
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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 | $340,000 | $340,000 | $340,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.352% | 7.042% | 6.160% |
Monthly Tax Payment | $93 | $93 | $93 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,234 | $2,234 | $2,846 |
Total Monthly Payment | $2,402 | $2,402 | $3,014 |
* 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.