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83 East Salem Drive, Derby, VT, 05829 | $229,900
Have you been searching for a year round yet affordable residence on a picturesque and heavily sought after lake? Look no further! Welcome to 83 East Salem Drive, a cute and functional two bedroom, two bathroom residence boasting private shoreline right on the banks of Lake Salem in Derby. Wake up to lakefront serenity each and every day across all seasons in this charming ranch, perfect for accessibility to Derby center and just minutes from Newport. This vacant property is ready for its next owner to put its finishing touches on the home and enjoy all of the incredible intangible features it offers to its occupant. With an unfinished basement and attached garage parking, there's also an abundance of storage and a plethora of usable space throughout the ranch style residence. Not to mention the additional shed space, perfect for housing all of your outdoor toys! Whether you're looking for a vacation home on a tremendous lake to escape to in the warmer months, or a year round residence to call home throughout all seasons, this checks all the boxes. Don't miss your chance to capitalize on this terrific opportunity and call this your home!
Features
- Rooms: 4
- Bedrooms: 2
- Baths: 1 full / 1 half
- Style: Ranch
- Year Built: 1955
- Garage: 1-car Garage
- Heating: Forced Air,Heat Pump
- Cooling: None
- Basement: Unfinished
- Approx Sq. Feet: 952
- Acreage: 0.37
- Est. Taxes: $2,350
- Lot Desc: Country Setting,Lake Access,Lake Frontage,Lake View
- Elem. School: Derby Elementary
- Middle School: North Country Junior High
- High School: North Country Union High Sch
- School District: Derby School District
- MLS#: 4987938
- Website: https://www.raveis.com
/prop/4987938/83eastsalemdrive_derby_vt?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 6/4/2024Listing courtesy of KW Vermont Phone: 802-654-8500
Listing Agent: Livian Vermont
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
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To learn more about our credentials, visit raveis.com today.
Brian SkellyVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 793093
203.415.2989
Brian.Skelly@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
83 East Salem Drive, Derby, VT, 05829
$229,900
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Brian Skelly
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 | $183,920 | $183,920 | $183,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.936% | 7.159% | 6.276% |
| Monthly Tax Payment | $196 | $196 | $196 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,255 | $1,222 | $1,551 |
| Total Monthly Payment | $1,526 | $1,493 | $1,822 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484