This exceptional 4-bed, 2-bath home is currently thriving as a successful rental property. Perfectly situated for students attending UVM or Champlain, as well as young professionals working in Downtown Burlington, this property offers both convenience and charm. The location is unbeatable, with both campuses, Church Street Marketplace, and the scenic waterfront all within walking distance. The 1st floor of the home features a welcoming living room, the spacious dining area doubles as an ideal study space, and seamlessly flows into the kitchen. The 1st bed and full bath complete the first-floor layout. One of the standout features of this home is the extensive enclosed wrap-around porch on the 1st floor, providing additional living space that can be enjoyed year-round. The 2nd floor houses 3 bedrooms, including a generously sized master bedroom with access to an additional enclosed private porch. An additional full bathroom on this floor ensures convenience for all occupants. The fully fenced private backyard is perfect for enjoying time outside. The property also includes a basement with ample storage space and washer and dryer, adding to the home’s practicality and tenant appeal. The blend of location, features, and potential for long-term rental success makes this home a truly exceptional find. Whether you’re looking to expand your investment portfolio or secure a property in one of Burlington’s most desirable areas, this home promises a bright future and consistent returns.
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$450,000
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 | $360,000 | $360,000 | $360,000 |
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 | $674 | $674 | $674 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,395 | $2,393 | $3,036 |
Total Monthly Payment | $3,144 | $3,142 | $3,785 |
* 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.