This spacious lot spans 2. 4 acres on both sides of Terrill Gorge Lane, a serene area in Morristown. Imagine listening to the Kenfield Brook as it rushes through the nearby Terrill Gorge. This lot is a blank canvas waiting for you to build the home of your dreams with mountain views. Just a one-minute drive away, to indulge at the world-famous Black Diamond BBQ. Morristown Center is a mere five-minute drive that will take you to the heart of Morristown. Stowe Town line is within a quick five-minute drive. Explore miles of trails right from this parcel on your mountain bike or cross-country ski in the winter months. Vermont Association of Snow Travelers (VAST) snowmobile trail network is also accessible. Over 200 acres of preserved land abut the neighborhood, just a ten-minute walk from the lot. Three-bedroom septic permit already in place. Underground hook ups are available on the property. The nearby Terrill Gorge offers more natural beauty and swimming opportunities.
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Our Executive Mortgage Banker:
Our Insurance Division:
$149,900
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $119,920 | $119,920 | $119,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $798 | $797 | $1,028 |
Total Monthly Payment | $873 | $872 | $1,103 |
* 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.