Buck Brook Forest offers an attractive 463-acre± timberland and recreational property in Brighton and Charleston, Vermont. The property is situated just five miles west of Island Pond, offering a secluded forest that remains proximate to primary roads and services. The forest provides a well-stocked blend of northern hardwood species. Timber volumes are nearing a transitional value shift from pre-merchantable pulp-size to merchantable saw-timber size forest products that will support and accelerate value appreciation through the next ownership. A May-2024 timber inventory (available upon request) shows 2. 0 MBF sawtimber and 10. 6 cords of pulpwood per forested acre. The property is enrolled in Vermont’s Use Value Appraisal program with a 2023 tax bill of $1, 762. It also benefits from immediate recreational access to VAST snowmobile, VASA ATV, and VTXL bike trail systems. Buck Brook and associated wetlands enhance scenic beauty wildlife values while Lake Willoughby, Seymour Lake, Echo Lake and Jobs Pond offer attractive water resources within 15-25 minutes of the property. Access is via seasonal class-four portions of Basil Hill Road and County Road (1. 4 mi), and a short (0. 2 mi) private right of way. St Johnsbury ~1hr. Montreal ~2hrs. Boston ~3. 5hrs.
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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 | $472,000 | $472,000 | $472,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,140 | $3,137 | $3,980 |
Total Monthly Payment | $3,232 | $3,229 | $4,072 |
* 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.