Lovely 1240 SF Saltbox Colonial located in the small town of East Montpelier, Vermont. This 3-bedroom, 1. 5 bath home sits back from the road in a nice country setting. Enjoy viewing your 1. 68 acres from the large wraparound deck, you may just be able to hear the Winooski River in the valley below the home. Enter through a quaint Garden Room flush with light. The home has lots of windows and the photos show just how bright the home really is. Residential homes surround the property and VT-214 is a paved town road with fast access to both Barre and the capital city of Montpelier. The seller is removing the home from a shared well and will be drilling a new private well before closing. A large walkout basement would be great for a playroom or possible finishing. Electric hot water, oil forced air heating system, on-site private septic. The grassy open yard, with a small, treed area to the north and west. Previously a rental for a very long-term tenant, the home needs some cosmetic updating. This would be an ideal starter home for those that want to put in a little elbow grease.
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William Raveis Real Estate
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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 | $239,200 | $239,200 | $239,200 |
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 | $363 | $363 | $363 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,591 | $1,590 | $2,017 |
Total Monthly Payment | $2,029 | $2,028 | $2,455 |
* 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.