Rare opportunity to own this landmark Lake Champlain waterfront property situated on nearly 3 acres, offering stunning panoramic views of the Green Mountains, North Hero Island & Mt Mansfield! Since the 1950's the property has been continuously operated by the same family as the Ruthcliffe Lodge & Restaurant. With 610 feet of direct waterfront including deep water access, this magnificent property has many outdoor gathering areas, gardens, a 100 foot dock to accommodate most boats, a floating dock for swimming, 4 boat moorings and a beautiful awning deck overlooking the lake that can easily seat 30-40 people. The main lodge has 4 guest rooms and is able to accommodate up to 25 diners as it is fully equipped with a commercial kitchen and full Bar! Additionally, there are 6 detached motel style suites separate from the lodge for guests with sweeping lake views & wonderful accommodations. Permitting has been obtained for an additional 4 seasonal cottages to expand the resort. Continue to operate this successful restaurant/inn with a loyal customer base or use the property as a great summertime family compound, corporate company retreat, short term rental property, wedding venue and so much more! Just an hour from Burlington & Montreal, the assets of this very successful business are being sold fully turn-key including deeded and surveyed land and improvements, business name, website, social media presence and any future reservations on the current books for next season!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,350,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,080,000 | $1,080,000 | $1,080,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $1,353 | $1,353 | $1,353 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,132 | $6,738 | $9,041 |
Total Monthly Payment | $7,610 | $8,216 | $10,519 |
* 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.