Are you looking for a project? Dreaming of your own farm? Or a compound for extended family or to develop a tiny home community? Possibilities are endless! Five bedroom Colonial Farmhouse with super solid bones in need of complete interior rehab. Freshly painted exterior on the house and the classic red barn. Did I mention this includes the farm stand on Route 7A? Incredibly desirable location on the southern edge of Shaftsbury village. Walking distance to elementary school, playgrounds, town hall, country store, and US Post Office. Currently no utilities on site, other than a power pole. Town water service is nearby in two locations. A town committee is studying the creation of a municipal sewer system; otherwise private wastewater system(s) can be permitted through the state. This 52. 7 acres is across the street from the Robert Frost Trail; expanding the trail through this site would be a dream come true. Currently 1 acre minimum zoning, meaning that you could subdivide and sell off lots to help meet the area's high demand for housing. Open field that gently slopes uphill, would make an awesome pasture for horses or farm animals. Hidden trail from the pasture leads over a small stream into the woods, where opportunities await for hunting, hiking, maple tapping, children's outdoor adventures, and future housing development. A rare and special property!
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Our Executive Mortgage Banker:
Our Insurance Division:
$749,000
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 | $599,200 | $599,200 | $599,200 |
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 | $601 | $601 | $601 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,088 | $3,982 | $5,056 |
Total Monthly Payment | $4,781 | $4,675 | $5,749 |
* 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.