TBD Park Lane, Ferrisburgh, VT, 05456 | $350,000

Great location at the intersection of US7 & VT22A just outside of Vergennes. It is also adjacent to the Park & Ride as well as the Amtrack Station. The site is currently permitted by both the Town of Ferrisburgh and Vt. Act 250 for the construction of a 5375 sq. ft. light manufacturing building with apartment. A new owner could step in and take advantage of this very expensive permitting with minor amendments to this permitting; the heavy lifting has already been done. The lot is in the Industrial District, but Ferrisburgh Zoning does allow for some commercial uses as well. Also included is a 1/2 interest in 25. 54 ac. of conserved ag land. It is located next to the Ferrisburgh Park & Ride, Addison County Chamber of Commerce and the Ferrisburgh Amtrack Station. It is a very scenic and pleasant location

Features

  • Zoning: IND-2
  • Lot Desc: Agricultural,Conserved Land,Interior Lot,Mountain View,Neighbor Business,Open,Sloping,View
  • MLS#: 5012858
  • Website: https://www.raveis.com
    /prop/5012858/tbdparklane_ferrisburgh_vt?source=qrflyer
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Listing courtesy of Carl Cole Realty   Phone: 802-877-3675
Listing Agent: Carlton Cole

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NMLS Mortgage Loan Originator ID 793093

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TBD Park Lane, Ferrisburgh, VT, 05456

$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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $280,000 $280,000 $280,000
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 7.551% 7.159% 6.276%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,863 $1,861 $2,361
Total Monthly Payment $1,938 $1,936 $2,436

* 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.