Established in 1990, the West Ridge Office Building is home to a 1500 square foot condo unit that is currently used as an office with 6 private offices, a kitchenette (sink, cabinets, small refrigerator) a half bath and two entrance/exit doors. This unit is on the second floor and depending on where you're sitting you'll have views of the Green Mountains, the falls on the Otter Creek, a GMP substation or the Otter Creek. The Marble Works is a mixed use space with residential condos, professional offices, sandwich shop, a tea room and restaurants and our local newspaper as well as a dog groomer, a radio station, educational spaces/offices and more. And it's steps away from a vibrant downtown with retail shops, art galleries, and plenty of green space! Seller is exploring options for conversion to a residential condo with the town (another unit in this building is also a residential unit).
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Our Executive Mortgage Banker:
Our Insurance Division:
$429,000
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 | $343,200 | $343,200 | $343,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $310 | $310 | $310 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,341 | $2,281 | $2,894 |
Total Monthly Payment | $2,726 | $2,666 | $3,279 |
* 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.