Have you ever dreamed of owning a manageable working farm in Vermont with solid income potential and could be certified organic? Look no further than 81 Basin Harbor Road. Sited on a level 120 acres with over 500' of frontage on the Otter Creek in the center of the Champlain Valley, this property includes a neat and tidy 3 bedroom, 2-story residence with an attached one-bedroom apartment (think farm manager or Airbnb agricultural tourism), a large restructured barn set up for small ruminants, a barnyard with a new drainage system, fertile soil, and fenced pastures all with Green Mountain and Adirondack views. Many improvements have been made in the last 3 years (see list). All of the heavy lifting has been done so the next owner can hit the ground running. There is a building envelope for another residence and a grandfathered location for a highly visible possible farm store with good traffic counts. Convenient to downtown Vergennes with shops and restaurants and in close proximity to Burlington markets. Just a wonderful opportunity to live off the land in a beautiful part of Vermont known for it's good soils and spectacular views with Lake Champlain just a few miles away! Property is enrolled in VT Current Use Program.
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $716,000 | $716,000 | $716,000 |
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 | 6.821% | 6.396% | 5.990% |
Monthly Tax Payment | $810 | $810 | $810 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,065 | $4,409 | $5,946 |
Total Monthly Payment | $4,967 | $5,311 | $6,848 |
* 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.