397 Mountain View Road, Newark, VT, 05871 | $1,350,000

Situated in the lofty hills of Newark in an incredible forest lies the “Lodge, ” a fantastic architectural gem blended perfectly into the forested landscape. At over 2, 000 feet in elevation, this delightful contemporary home exudes a feeling of being on top of the world, with wonderful views of Burke Mountain and a panorama of mountains and sky. Southern exposure combined with the numerous large windows lights up the interior spaces, helping to make this an ideal home for entertaining, a peaceful retreat for family and friends, as well as a great base for outdoor recreation. Plentiful spaces to suit your requirements, including vaulted living spaces, a chef's kitchen, formal dining room, a fantastic primary suite, a loft bedroom, plus 3 additional bedrooms, 4 full baths, 4 fireplaces, a nice study, and a large wrap-around deck. Storage is plentiful and convenient, utilities are accessible and modern (there is a wood-fired auxiliary furnace), and a spacious laundry room is located on the main level. In fact, there’s so much offered that a separate list of features is provided. A meandering gated stone-surfaced drive secures the property, which includes a separate 4-bedroom 2 bath cottage with garage. It needs some TLC from previous tenant's water damage, but offers a great opportunity to house overflow guests or use it as an Airbnb or caretaker's residence. This unique 111 acre property will reward the buyer with complete privacy and seclusion in a beautiful natural world.

Features

  • Rooms: 12
  • Bedrooms: 5
  • Baths: 4 full
  • Style: Contemporary
  • Year Built: 1989
  • Heating: Baseboard,Hot Water,Furnace - Wood
  • Cooling: None
  • Basement: Concrete Floor,Finished,Full,Storage Space,Walkout,Interior Access,Exterior Access
  • Approx Sq. Feet: 5,463
  • Acreage: 111.1
  • Est. Taxes: $10,777
  • Lot Desc: Mountain View,Secluded,Timber,View,Walking Trails,Wooded
  • Elem. School: Newark Street School
  • Middle School: Newark Street School
  • High School: Choice
  • MLS#: 5009944
  • Website: https://www.raveis.com
    /eprop/5009944/397mountainviewroad_newark_vt?source=qrflyer
©2024 New England Real Estate Network, Inc. All rights reserved.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 11/12/2024
Listing courtesy of Century 21 Farm & Forest/Burke   Phone: 802-626-4222
Listing Agent: Jack Dudley

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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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397 Mountain View Road, Newark, VT, 05871

$1,350,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,080,000 $1,080,000 $1,080,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.250% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.850% 6.360% 5.930%
Monthly Tax Payment $898 $898 $898
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,048 $6,650 $8,968
Total Monthly Payment $7,071 $7,673 $9,991

* 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.