Attention contractors & investors: 1950 Cape seeks renovation or demolition due to mold damage, back foundation wall is tilting & will require replacement, & the remaining 3 walls may require as-needed repairs. The home’s efficient floor plan offers a “just right” scale for those who seek a practical footprint with no wasted space. The lovely deep lot in the established & sought after Saratoga Avenue neighborhood backs to 16 acres of Winooski Valley Park District land, offering south easterly views through trees of the Green Mountains. Opportunity to fully customize to your taste with all new interior & systems, or remove the existing home and build to personal specifications in a mature neighborhood. Burlington’s new Residential Low Intensity zoning allows flexibility for new construction with potential for a duplex, two carriage homes, or possibly a duplex & carriage home. Primary structure up to 1, 800 s/f footprint, auxiliary dwelling up to 1, 100 s/f footprint. Bennington Ct. is a small cul-de-sac of only 5 homes, located at the southernmost part of the New North End. Enjoy surprising proximity to the downtown for easy access to all amenities. Walk/bike in all directions including the Burlington Bike Path, Leddy Park, Route 127 Bike Path, public beaches and Ethan Allen Shopping Center bustling with groceries, pharmacy, post office, hardware store, restaurants, & brewery. This home sits on a level lot with south easterly views through trees of the Green Mountains.
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Our Executive Mortgage Banker:
Our Insurance Division:
$249,900
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 | $199,920 | $199,920 | $199,920 |
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 | 7.443% | 7.133% | 6.256% |
Monthly Tax Payment | $541 | $541 | $541 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,347 | $1,329 | $1,686 |
Total Monthly Payment | $1,963 | $1,945 | $2,302 |
* 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.