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1171 Main Street, Fairfax, VT, 05454 | $795,500
This historic duplex, nestled on Main Street in the heart of a charming village, offers a unique opportunity for those seeking character, space, and potential. Boasting classic architectural details, the property exudes timeless appeal while providing modern convenience with its dual living spaces. Set on an expansive 15-acre parcel, it’s ideal for a micro farm or homestead, where you can cultivate your own fresh produce, raise animals, or embrace a self-sufficient lifestyle within walking distance of the village’s amenities, shops, and community events. With scenic views and fertile land, this property is a haven for those yearning to blend rural living with a touch of historic charm. The possibilities don’t end there. The 15-acre lot offers potential for development, making it an attractive prospect for investors or those with a vision for growth. Imagine creating additional homes or a community garden. The combination of its prime location, generous acreage, and historical allure sets this property apart as a rare gem. Whether you’re looking to settle into a peaceful homestead, live in one unit and rent out the other to help pay for your mortgage, establish a sustainable lifestyle, or explore development opportunities, this historic duplex provides the perfect canvas to bring your dreams to life. Property is located partially in the growth district; all buyers should do their own due diligence with the town for possible options for development.
Features
- Units: 2
- Style: Historic Vintage
- Year Built: 1880
- Garage: 2-car Garage
- Heating: Baseboard,Hot Water
- Cooling: None
- Basement: Dirt Floor,Unfinished
- Approx Sq. Feet: 2,839
- Acreage: 15
- Est. Taxes: $8,567
- Lot Desc: Field/Pasture,Level,Major Road Frontage,Mountain View,Sidewalks,Sloping,Stream,In Town
- MLS#: 5024523
- Website: https://www.raveis.com
/prop/5024523/1171mainstreet_fairfax_vt?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 12/22/2024Listing courtesy of New Leaf Real Estate Phone: 802-793-8368
Listing Agent: Renee Rainville
William Raveis Family of Services
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888.699.8876
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Brian SkellyVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 793093
203.415.2989
Brian.Skelly@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
1171 Main Street, Fairfax, VT, 05454
$795,500
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 | $636,400 | $636,400 | $636,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
| Monthly Tax Payment | $714 | $714 | $714 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,288 | $4,230 | $5,367 |
| Total Monthly Payment | $5,094 | $5,036 | $6,173 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484