Nestled along the tranquil White River in picturesque Rochester, Vermont, this unique property offers endless possibilities. The estate comprises two distinct lots: a sunny, level, 2-acre parcel featuring a charming 3-bedroom New England vernacular style home, and a vintage 3-bedroom mobile home with solid rental income, plus a separate 8. 1-acre pasture, accessible via a deeded right of way, offering opportunities for agriculture, farming, equestrian or recreational pursuits. Direct access to swimming holes and prime fly fishing spots along the river ensures endless enjoyment of Vermont's natural splendor. The 3-bedroom residence invites you to revive its timeless charm with a touch of TLC, promising a home that echoes with stories of the past. The mobile home is dated, but functional, offering ample space for extended family or rental guests. The homes share a well, but have separate septic systems, providing an option for future subdivision. Idyllic downtown Rochester, with its iconic town park, trendy cafes, bike shop, bookstore, art gallery and more is just minutes away, making this an ideal location to call home. Whether you're drawn to the peaceful riverfront setting, the potential for farming ventures, or simply seeking a retreat from the hustle and bustle, this property promises a lifestyle that embraces Vermont's natural beauty and rural charm. Schedule your private tour today and envision the possibilities awaiting you in scenic Rochester.
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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 | $311,200 | $311,200 | $311,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.256% |
Monthly Tax Payment | $298 | $298 | $298 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,070 | $2,044 | $2,624 |
Total Monthly Payment | $2,443 | $2,417 | $2,997 |
* 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.