390 Colchester Avenue, Burlington, VT, 05401 | $835,000

This stunning multi-level home, built in 2016, offers the perfect combination of modern comfort, prime location and a turn-key fully furnished income producing ADU (Accessory Dwelling Unit)! The main house has 4 bedrooms, 4 bathrooms and 3 levels of living space. On the 1st floor is an updated kitchen with quartz counters, stainless steel appliances, plenty of cabinetry, spacious walk-in pantry, 1/2 bath and access to a fantastic tree-house style balcony with IPE deck boards, glass railing panels and a wooded viewscape. Walk upstairs and the second level hosts the primary bedroom with ensuite bath, an additional bedroom, full bathroom, laundry room and a stunning 2nd living room with vaulted ceiling and bright and airy feel. The third level has two more bedrooms and a full bath. On the lowest level is the 1 bedroom, 1 bathroom apartment with its own separate entrance and private outdoor patio. Additional noteworthy features include a 2-car attached garage, mini splits for efficient heating/cooling and custom blinds. Nestled between downtown Burlington and Winooski, enjoy easy access to both vibrant areas for dining, shopping and entertainment. Less than a mile and w/in walking distance to The University of Vermont, Champlain College, the UVM Medical Center and convenient to I89 & BTV Airport. Whether you're looking for an investment opportunity or a multi-generational living space, this home offers endless potential in a highly sought-after Burlington location!

Features

  • Rooms: 10
  • Bedrooms: 5
  • Baths: 2 full / 2 three-quarter / 1 half
  • Style: Colonial
  • Year Built: 2016
  • Garage: 2-car Garage
  • Heating: Baseboard,Hot Water
  • Cooling: Mini Split
  • Basement: Apartments,Climate Controlled,Daylight,Exterior Access,Finished,Full,Interior Access,Slab,Walkout
  • Approx Sq. Feet: 3,250
  • Acreage: 0.17
  • Est. Taxes: $14,208
  • Lot Desc: City Lot
  • Elem. School: Edmunds Elementary School
  • Middle School: Edmunds Middle School
  • High School: Burlington High School
  • School District: Burlington School District
  • MLS#: 5016890
  • Website: https://www.raveis.com
    /prop/5016890/390colchesteravenue_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 10/5/2024
Listing courtesy of Vermont Real Estate Company   Phone: 802-540-8300
Listing Agent: Kara Koptiuch

William Raveis Family of Services

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.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

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
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

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
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

390 Colchester Avenue, Burlington, VT, 05401

$835,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $668,000 $668,000 $668,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.250% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.040% 6.360% 5.930%
Monthly Tax Payment $1,184 $1,184 $1,184
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,793 $4,113 $5,547
Total Monthly Payment $5,069 $5,389 $6,823

* 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.