Opportunity awaits in this two-bedroom, one-bath Manor Woods condominium located in one of South Burlington’s most convenient locations. Close to recreation with parks and trails nearby, schools, restaurants and the airport, this open floor plan unit is located on the first floor and is perfect for anyone looking to transform their vision into reality. Enjoy single-level living with a galley style kitchen that leads into a dining room, opening to a spacious living room, where a glass door and large windows lead you to an outdoor patio to enjoy the peaceful surroundings. Carport and an extra parking space included, plus a storage unit. Enjoy the association in-ground pool and common land. A quick 10 minute commute to downtown Burlington, Waterfront Park, and the UVM Medical Center. Don’t miss this opportunity to make your remodeling dreams come true. There’s loads of potential! Priced below appraisal.
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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** | 6.875% | 6.990% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.159% | 6.392% |
Monthly Tax Payment | $286 | $286 | $286 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $920 | $930 | $1,191 |
Total Monthly Payment | $1,281 | $1,291 | $1,552 |
* 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.