545 South Prospect Street, #20, Burlington, VT, 05401 | $775,000

Nestled in the sought-after hill section of Burlington, this stunning second-floor Overlake flat offers western views & a prime location that is hard to beat. Custom upgraded by Peregrine Design Build, no detail has been overlooked in creating a space that blends luxury with comfort. Large windows and beautiful outdoor areas invite you to soak in the panoramic Adirondack & Lake Champlain views, or enjoy morning coffee in the front courtyard- professionally designed by Sylvia Jope of Old World Designs & installed by Heart and Soil Landscaping. Some of the many upgrades include a full kitchen/primary bath & structural renovation in 2018, engineered red birch hardwood installed throughout, all appliances (including washer/dryer) have been updated, replaced wood on rear balcony with durable IPE decking, Hunter Douglas blinds, premium ceiling unit heat pumps for climate controlled heating/cooling, new awning in 2nd bedroom, several upgraded Marvin windows, improved insulation on east wall and a new natural gas fireplace in the living room. One car garage and plenty of guest parking. The association also features tennis courts, an in-ground pool, 7 acres of common land and is conveniently located just moments from the prestigious Burlington Country Club. Easy access to I89, UVM Medical Center, BTV Airport, downtown Burlington & the bike path. Don't miss out on this rare opportunity to live in one of Burlington's most desirable locations! Showings start 10/4.

Features

  • Parking: Auto Open,Assigned,Garage,Paved,Visitor
  • Heating: Electric,Mini Split
  • Cooling: Mini Split
  • Amenities: Building Maintenance,Master Insurance,Landscaping,Common Acreage,Pool - In-Ground,Snow Removal,Tennis Court,Trash Removal
  • Rooms: 4
  • Bedrooms: 2
  • Baths: 1 full / 1 three-quarter
  • Year Built: 1982
  • Approx Sq. Feet: 1,446
  • Est. Taxes: $10,760
  • Lot Desc: Condo Development
  • Middle School: Edmunds Middle School
  • High School: Burlington High School
  • School District: Burlington School District
  • MLS#: 5016748
  • Website: https://www.raveis.com
    /prop/5016748/545southprospectstreet_burlington_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 10/2/2024
Listing courtesy of Vermont Real Estate Company   Phone: 802-540-8300
Listing Agent: Kara Koptiuch

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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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  • Provides a guaranteed closing date that meets your needs
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

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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545 South Prospect Street, #20, Burlington, VT, 05401

$775,000

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 $620,000 $620,000 $620,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.375% 6.125% 4990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.439% 6.273% 5.268%
Monthly Tax Payment $897 $897 $897
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,868 $3,767 $2,578,167
Total Monthly Payment $4,857 $4,756 $2,579,156

* 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.