This country property has endless commercial possibilities with a traditional Vermont farmhouse, a very large commercial building for your business, and a separate shop/garage, built in 2020, all on 5. 7+/- lovely acres with 800 feet of road frontage. This unique property was previously home to Stone Path Academy, a private school. It is now waiting for a new vision. This quintessential VT farmhouse has an enclosed front porch and attached one car garage with direct entry into the home. The first level has a large kitchen with breakfast nook, dining room, living room and den/library. The second floor has a primary suite with laundry and half bath, 2 more spacious bedrooms and a full bath. Located next door is a 2, 280 square foot building with a full, dry concrete walk-out basement, offering up another 2, 280 square feet of usable space. The main level has 11 rooms, 2 large open workspaces, and 2 half baths. Additional upgrades include a water filtration system, on-demand propane heat hot water system, and new electrical service. There is ample septic capacity for turning this building into apartments. The shop/garage is 1, 024 square feet with extra high ceilings, extra tall garage doors, and a half bath. This building has a new septic system, a gas fired on-demand heat/hot water system as well, and 200-amp electrical service. There is ample parking, and the location can’t be beat, with Interstate 89 less than 2 miles away. Owner will consider owner financing.
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$649,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $519,200 | $519,200 | $519,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | $807 | $807 | $807 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,155 | $3,155 | $4,103 |
Total Monthly Payment | $4,053 | $4,053 | $5,001 |
* 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.