For the first time in over six decades, a rare opportunity awaits! This charming property on West Street in Newfane Village has a rich history. Acquired by the sellers' grandparents in 1950, it served as the iconic West Valley Inn for many years before transforming into the residence and workspace of the world-renowned British clockmaker. Imagine the possibility of converting this historical space into your dream home! Enjoy the tranquility of summer days as the Smith Brook flows gently in the backyard. A spacious barn, currently utilized as a summer dining room and tavern, adds to the charm. Abundant perennial gardens and intriguing plantings surround the property. With ample square footage, this home offers endless potential. Fayetteville Corners, known for antiques and décor, the inviting Fat Crow Restaurant, and the convenient Newfane Store & Deli, are just down the street. Location is key, with a quick 20-minute drive to Brattleboro, 30 minutes to Mount Snow, 2. 5 hours to Boston, and 4 hours to Brooklyn. Don't miss out on this one-of-a-kind property – a true gem awaiting your vision and renovation.
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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 | $360,000 | $360,000 | $360,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $956 | $956 | $956 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,395 | $2,393 | $3,087 |
Total Monthly Payment | $3,426 | $3,424 | $4,118 |
* 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.