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179 Farrant Street, Newport City, VT, 05855 | $239,900
Experience the feeling of living at the lake without the expensive lakefront taxes. This year-round, 3-bedroom home offers views overlooking beautiful Lake Memphremagog and downtown Newport, VT. The main level features an open kitchen/dining area, living room, mudroom with laundry, 3 bedrooms and 2 baths. The sellers have recently finished the all new primary bedroom suite & ¾ bath. City water & sewer, oil hot air furnace, wood stove in the living room, 2 propane heating units (not currently installed but sellers will leave for new owners), several Pella vinyl windows, 2 new pressure treated decks, Xfinity cable & high speed internet & much more. The detached garage & workshop is usable for storage and will require TLC in the future. This property is ideal for a handy buyer who is willing to complete the finishing touches and bring this property to its full potential. The Newport Marina is a short walk down the road where you have an option to purchase or lease a boat slip. This property has so much potential to become a profitable investment property to rent via Airbnb, VRBO, etc. if desired. Ideal location, just a short walk to downtown amenities & only a 25 min drive to Jay Peak Resort. VAST snowmobile trail runs on the property behind the house & VASA ATV trail access nearby. Enjoy 4 seasons of recreation and all that the Northeast Kingdom has to offer at an affordable price.
Features
- Rooms: 6
- Bedrooms: 3
- Baths: 1 full / 1 three-quarter
- Style: Ranch
- Year Built: 1930
- Garage: 2-car Garage
- Heating: Kerosene,Oil,Wood,Alternative Heat Stove,Hot Air,Stove - Wood
- Cooling: Other
- Basement: Partial,Stairs - Interior,Unfinished
- Approx Sq. Feet: 1,410
- Acreage: 0.25
- Est. Taxes: $2,667
- Lot Desc: City Lot,Lake View,Mountain View,Other,Trail/Near Trail,View,Water View,In Town,Near Golf Course,Near Skiing,Near Snowmobile Trails,Neighborhood,Near Hospital
- Elem. School: Newport City Elementary
- Middle School: North Country Junior High
- High School: North Country Union High Sch
- School District: North Country Supervisory Union
- MLS#: 5009832
- Website: https://www.raveis.com
/prop/5009832/179farrantstreet_newportcity_vt?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/21/2024Listing courtesy of Jim Campbell Real Estate Phone: 802-334-3400
Listing Agent: Ryan Pronto
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Brian SkellyVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 793093
203.415.2989
Brian.Skelly@raveis.com
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179 Farrant Street, Newport City, VT, 05855
$239,900
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Brian Skelly
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 | $191,920 | $191,920 | $191,920 |
| 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 | $222 | $222 | $222 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,277 | $1,276 | $1,618 |
| Total Monthly Payment | $1,574 | $1,573 | $1,915 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484