122 Park Street, Morristown, VT, 05661 | $479,000

Opportunity! This charming Victorian building located downtown is served by municipal services with parking for 9 vehicles and is currently permitted for an Independent School with conditional use permit. The building's character lends itself well to creative repurposing! It could be converted back to residential or has potential development for 6 units with town approval. The building was lifted in the 70’s and has a poured concrete foundation; very well maintained and recently painted. Historical details include hot water radiators, pocket doors, built-ins, extensive door and window molding. Whole building Bosch Fire Alarm Panel with Phone and IP notification installed that has had regular inspections. Fire extinguishers and emergency exits clearly marked and easily accessible. Fantech Commercial Heat Recovery Ventilator installed for entire building. Refinished soft pine wood floors upstairs, hard maple floors on main floor with vinyl plank in kitchen and 1st floor laundry room. Side ramp for accessibility access and basement bulkhead walk up access as well. Mudroom entry with back staircase to 2nd floor storage in addition to extensive storage in basement and garage.

Features

  • Property Type: Business,Development,Multi-Family,Office
  • Construction: Wood Frame,Wood Siding
  • Parking: Driveway
  • Heating: Hot Water,Multi Zone,Radiator
  • Cooling: None
  • Zoning: Residential High Density
  • Frontage: 82
  • Year Built: 1875
  • Approx Sq. Feet: 2,576
  • Acreage: 0.3
  • Est. Taxes: $6,032
  • MLS#: 4978260
  • Website: https://www.raveis.com
    /prop/4978260/122parkstreet_morristown_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 11/14/2024
Listing courtesy of RE/MAX North Professionals, Jeffersonville   Phone: 802-655-3333
Listing Agent: Jill Richardson

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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

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

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Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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122 Park Street, Morristown, VT, 05661

$479,000

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 $383,200 $383,200 $383,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.655% 7.146% 6.276%
Monthly Tax Payment $503 $503 $503
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,614 $2,547 $3,232
Total Monthly Payment $3,192 $3,125 $3,810

* 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.