Industrial Park Lane in Orleans, Vermont offers approx. 20. 8 acres of open land that is ready for commercial/industrial development and zoned “Industrial”. Conveniently located adjacent to Interstate 91 at Exit #26, offering only a 17 mile drive to the Canadian border, 34 miles to the intersection of I91 & I93 and easy/direct access to Boston, MA, Hartord, CT and more. Easy access to public water, sewer and electric (3-phase power & high speed internet are available). The Village of Orleans has offered to help with the build-out of the electric utility if desired. Orleans also offers an active rail line nearby. Sellers will also consider subdividing into two approx. 10. 4 acre lots a $149K each. Deeded exclusion for utility scale solar projects. This is a prime development potential lot with ample visibility from I91 and successful/professional neighboring businesses. Both the sellers and local officials are pro-business and are eagerly encouraging development of this property.
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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 | $183,200 | $183,200 | $183,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $877 | $877 | $877 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,219 | $1,218 | $1,545 |
Total Monthly Payment | $2,171 | $2,170 | $2,497 |
* 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.