Enjoy the tranquility of this 6. 3+/- acres located on a quiet country road in Newbury, VT. A long corridor has been cleared of trees and shrubbery climbing up to the plateau of this property, the seller will continue to improve this into a rough driveway. A great potential home, cabin, or tiny home site high on the property. A driveway permit is approved by the town. A charming tributary to Levi Brook runs along much of the road frontage and the northwest corner is the Levi Brook culvert, crossing Fuller Rd near the junction of Swamp Rd. Off-grid may be easiest; however, power is reasonably close - located approximately 800 feet away on Thompson Rd. Phone and internet run along Fuller Rd. No soil tests have been conducted at this time to identify appropriate soils for a wastewater system per state regulations, but the state maps show them to be very good Group 1 soils, prime for septic. Fuller Rd is a year-round, town maintained and plowed road. Good proximity to US-302, I-91, VT-25, Vermont’s Barre-Montpelier area, and the White Mountains of New Hampshire. Many access point to the VAST snowmobile trail system in the area.
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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 | $47,600 | $47,600 | $47,600 |
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 | $317 | $316 | $401 |
Total Monthly Payment | $392 | $391 | $476 |
* 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.