Your opportunity to build in the heart of South Hero, Vermont, directly on Lake Champlain is here! 61 Phoebe Lane contains an owned 0. 13 acres and a shared interest in 2. 67 acres of common land with 7 other residents. The common land includes 529 ft of shoreline on a protected bay with beautiful views of the lake and mountains. The site is ready for immediate construction with a 4 bedroom home septic design and utilities already in place. This property offers convenience. The property is just 25 minutes from Burlington, is near local stores and restaurants, plus the homeowners association covers property maintenance. For boating enthusiasts, Keeler Bay Marina is just next door with boat slips and a boat ramp. The property is conveniently near local stores, restaurants, farmers markets and just 25 minutes to Burlington, Vermont. Come see the possibilities and visit this property today!
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Our Executive Mortgage Banker:
Our Insurance Division:
$359,900
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 | $287,920 | $287,920 | $287,920 |
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 | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,916 | $1,914 | $2,428 |
Total Monthly Payment | $1,991 | $1,989 | $2,503 |
* 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.