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If you have been seeking an opportunity to invest in Franklin County & maintain the allure of St. Albans Town, now is the perfect time to take the leap! This beautiful newly-constructed duplex is situated on a spacious corner lot with deeded lake access & dock rights. The tri-level design allows for convenient, covered parking for each unit, and multiple viewing decks make it possible to capture the year-round beauty of Lake Champlain. Consisting of Unit 101 and 102, each side directly mirrors the other - offering a fluid floor plan with plenty of space to live, work, & play. Each unit has a kitchen area, dining room, living space, & half bath on the 1st floor, with bedrooms and a full bathroom upstairs. Unit 101 is zoned as a 1-bedroom, 2-bathroom & also provides a flexible bonus room on the 3rd floor. Unit 102 is comprised of 2 bedrooms, 2 bathrooms & an identical floor plan. With private laundry & parking directly underneath each unit, the setup is alluring to say the least. Paired with private deck space, dual entries, two driveways, & just a few hundred feet from the shore of the lake, this property is one-of-a-kind. Constructed in 2018, including a fresh septic and mound system, this duplex is in fantastic condition and has many years of income-producing activity ahead. Choose to invest or owner-occupy, either way it's a compelling avenue toward building wealth & putting your stamp on Franklin County. Moments to town, the lake, & all amenities!
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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 | $385,600 | $385,600 | $385,600 |
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 | 7.191% | 7.042% | 6.160% |
Monthly Tax Payment | $499 | $499 | $499 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,533 | $2,533 | $3,228 |
Total Monthly Payment | $3,107 | $3,107 | $3,802 |
* 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.