Ultimate luxury direct waterfront living! A rare opportunity to own new construction on Lake Champlain. This is the last beachfront lot in the peaceful enclave of Bay Manor Estates. A new Shover Construction custom home with designer finishes offers 119’ of owned sandy beach! All permits are in hand for up to 5 bedrooms; building can begin in 2024. Our elevated 2-story Modern Farmhouse design features 4 spacious bedrooms, 4 baths, with an open main living area encompassing a generous kitchen and extensive views of the lake. Make a stylish statement throughout based on stone, cabinet, flooring, paint, and trim choices. Add our exceptional design concierge to complete a dream team to make the process even smoother! The dining and great rooms feature a 25 ft cathedral with a 2-story stone fireplace centerpiece. The impressive 1st floor primary suite also claims panoramic water vistas and 10’ ceilings. The 2nd floor consists of 3 bedrooms, 9' ceilings, and a 766 sq ft flexible room over the 3-car garage. The basement offers 1, 010 sq ft of space to customize. Access the lakeside covered porch from the first floor with unspoiled views, sunsets, perfect for alfresco dining or simply a peaceful evening. Located on a quiet cul-de-sac with 14 acres of common land and proximity to trails, the BTV bike path, colleges, and the UVM Medical Center. A blank canvas ready to paint; the beauty of building a new home fully customizable to a new owner's adoration vs renovating someone else's!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$5,250,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $4,200,000 | $4,200,000 | $4,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $23,847 | $26,203 | $35,159 |
Total Monthly Payment | $23,972 | $26,328 | $35,284 |
* 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.