Presented byHeather Desmond |
A covered porch welcomes you to this wonderful two unit property on First Avenue, just down the street from VCFA campus, tucked away in a great neighborhood. The side-by-side duplex design includes two townhouse style units. Each has a kitchen, living room and dining room on the main level and two bedrooms and a bathroom on the second floor. The basement is divided and each apartment has its own hot air heating system and hot water heater. An old style three bay garage has plank flooring and offers extra storage space. A most convenient location close to all that downtown Montpelier has to offer. Just minutes to schools, shopping, restaurants and Kellogg Hubbard Library. Both sides are currently rented and this property has a strong rental history. Also offers the opportunity to live on one side and let the rent from the adjacent apartment contribute to your cost of ownership.
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Our Executive Mortgage Banker:
Our Insurance Division:
$410,000
Sales Associate
William Raveis Real Estate
Phone: 860.662.0055
Heather.Desmond@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.585.3916
Bobby.Kazarian@raveis.com
NMLS Mortgage Loan Originator ID 1875225
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $328,000 | $328,000 | $328,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.159% | 6.286% |
Monthly Tax Payment | $648 | $648 | $648 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,238 | $2,180 | $2,768 |
Total Monthly Payment | $2,961 | $2,903 | $3,491 |
* 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.