The Morgan Hill Farm has been in the same family for 52 years & offers some of the finest views of Addison County farmland & the Adirondack Mountains available. Located in the small, quiet farm community of Bridport, VT, the 49. 18 +/- acre parcel offers approximately 20 acres of tillable land. The current owners run an Egg & Hay business and before covid offered a very successful & highly ranked B&B. This location is prime with easy NY access via VT-125 & the popular VT-22A North-South route. The home has a wonderful history as part of the famous Fletcher family with an 18” thick cut stone foundation, traditional slate roof & double chimneys. Built c: 1830, it was made to last. A large family room addition was added in 1974 along with all updated 3-wire grounded electric. This 4815 SF, 5-bedroom home has soaring ceilings with a beautiful central stair foyer. The owner meticulously decorated each bedroom for her onetime B&B. The farmstand building along with two smaller barn/sheds will stay with the property. The larger barn has 2 box stalls for horses. The upper field by the house is Farmington Loam with the southern fields being more typical Vergennes clay. The property would be prime for subdivision with the 3 sections of road frontage all with very good septic soils per the state database, highly unusual for Addison County. This property is NOT in Land Trust but does take advantage of the VT Current Use tax reduction program. Come explore all that this home presents!
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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 | $580,000 | $580,000 | $580,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.512% | 6.273% | 5.248% |
Monthly Tax Payment | $636 | $636 | $636 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,618 | $3,524 | $4,584 |
Total Monthly Payment | $4,346 | $4,252 | $5,312 |
* 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.