This timber frame cabin and field home site on 83. 5 acres of meadow and forest land in Westminster West, Vermont is a peaceful location for weekends, summer residency, or possible year round living. The two-acre field site for a home is north-facing, with no roads or buildings in view, and with a fine view of Mt. Ascutney. A gravel, grassy driveway leads to the top of the field, the potential future house site with a drilled well and a state permitted septic system design. A woodland trail, through a hemlock forest, leads to a stream, and acres of forest to explore. The 16-by-20 foot, one-room cabin sits high on locust posts, is off the grid, has solar panels for electric lights and a fiber optic land line, and has propane service for a stove, lamps, and a refrigerator. A deck made of silver cedar surrounds the cabin on three sides, and seven large insulated windows provide unobstructed views to the forest crown and distant hills. A sleeping loft for a double bed and custom-made, built-in bureaus provide a cozy atmosphere for sleeping. Skylights offer extra light on dark days. A screen house, plus utility and woodsheds round out the cabin area. Heat is provided by a small Jotul wood stove and ample firewood that can be cut on the land. This is truly a “Happy Place”.
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Our Executive Mortgage Banker:
Our Insurance Division:
$400,000
William Raveis Real Estate
Phone: 888.699.8876
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 | $320,000 | $320,000 | $320,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.879% | 7.159% | 6.276% |
Monthly Tax Payment | $440 | $440 | $440 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,210 | $2,127 | $2,699 |
Total Monthly Payment | $2,725 | $2,642 | $3,214 |
* 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.