DEVELOPERS AND INVESTORS TAKE NOTICE! Situated on 127 acres at the foot of Okemo Mountain Resort with direct access to South Face Village, this remarkable development opportunity holds endless possibilities. Featuring breathtaking views in every direction, sprawling meadows, & established trails cut throughout the wooded forest, it is an opportunity that brings a plethora of options for future development. Its unique potential spans from crafting a luxurious single-family enclave to developing a vibrant ski neighborhood of condos & townhouses, or even establishing commercial hotels catering to winter enthusiasts flocking to Vail owned Okemo. Minutes from downtown Ludlow, future residents will relish the convenience & easy access, merging the beautiful Vermont lifestyle the land provides to the opulence of high-end ski resort proximity. The acreage also provides direct access to the VAST Trail, incorporating all the outdoor activities one could ask for from cross country skiing to ATV adventures & everything in between. With an updated 5 bedroom, 2 bathroom farmhouse already on site with accompanying barn, the options continue to grow as occupying the home as you build your dream residence elsewhere on site is well within the realm of possibility. With extensive planning, research, engineering, & appraisals already complete & awaiting your review, you won't want to miss this once-in-a-lifetime opportunity. Reach out today and dive deeper into this spectacular opportunity.
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Our Executive Mortgage Banker:
Our Insurance Division:
$8,495,900
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $6,796,720 | $6,796,720 | $6,796,720 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.430% | 6.851% | 6.664% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $41,298 | $44,083 | $59,207 |
Total Monthly Payment | $41,423 | $44,208 | $59,332 |
* 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.