LOCATION - LOCATION - LOCATION!!! Nearly-turnkey 4 acre lot on Rt 242/Mtn Rd just 3 minutes from Jay Peak Resort (between the resort & Jay Village). Much of sitework has been done for you as the lot has been previously cleared & partially graded. The municipal sewer line runs down the road along lot line which makes waste water permitting a breeze & saves a buyer tens of thousands of dollars on septic design + install, not to mention the allocation of half your yard. VEC power line runs along the opposite lot line (the back of the property, near the tree line with plenty of poles to choose from for your hookup. A beautiful section of the Jay Branch river borders the third lot line, and the final lot line runs adjacent to a quiet town road (Woodshed Rd) which makes for an ideal potential driveway access. For any buyers interested in commercial potential, broker can provide details about the current owner’s plans, permits & sitework. Seller has a recent survey, recent sitework, deed, & a current wetlands delineation map (state-approved) on file, all of which make for a swift & cost-efficient purchase and sale.
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Our Executive Mortgage Banker:
Our Insurance Division:
$175,000
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 | $140,000 | $140,000 | $140,000 |
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 | 7.330% | 7.171% | 6.538% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $931 | $930 | $1,200 |
Total Monthly Payment | $1,006 | $1,005 | $1,275 |
* 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.