If you are seeking convenience and ease, this South Burlington City's Edge condo is the perfect fit. Located on the ground floor, 409 Farrell Street Unit 101 is easily accessible (the first unit upon entering the side door) and is enveloped in natural light. Spacious and airy, a generously sized laundry room greets you as you enter - with pantry storage and room to stow away belongings. A wonderful open kitchen is plenty big enough to prep or entertain, with bar seating bridging the kitchen and living spaces. A bay window provides more than enough light and a wonderful snapshot of the outside. Two bedrooms, with ample storage, offer plenty of room to unwind and a full bathroom completes the floor plan. Accompanied by an assigned, covered parking spot and storage locker, and within minutes to local amenities, shopping, and public transportation, this condo brings so much to the table. This unit is currently rented, with the lease ending in May of 2025 - and is grandfathered into a rental slot with the rest of the building at capacity. A fantastic unit for both personal purposes or an investment opportunity, this convenient condo is yours for the taking.
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William Raveis Real Estate
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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 | $240,000 | $240,000 | $240,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $344 | $344 | $344 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,597 | $1,595 | $2,058 |
Total Monthly Payment | $2,016 | $2,014 | $2,477 |
* 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.