71 Sand Road, Colchester, VT, 05446 | $479,900

Showings Begin 11/17, Reserved for open house. Come and see a terrific opportunity for you or those you care about to get a little slice of escape while still being close to everything that the county has to offer. The building is set up currently as a duplex, but can be registered as a single family plus ADU as well, depending on the needs of any specific buyer. Benefits to the property include a beautiful backyard, excellent proximity to Colchester/Essex (and the rest of Chittenden county), laundry facilities with shared access, ample storage, and a fenced-in backyard. The larger of the two units recently refinished in 2019 and includes premium touches throughout. Continuous updates have been made to smaller unit as well, and both feature efficient Rinnai and leases that are going to be concluded prior to the closing, leaving a clean slate for the next owner to utilize the property as they see fit. The 2 bed was easily leased for $2200 and the single for $1300/mo.

Features

  • Rooms: 5
  • Bedrooms: 3
  • Baths: 2 full
  • Style: Raised Ranch
  • Year Built: 1969
  • Heating: Floor Furnace
  • Cooling: None
  • Approx Sq. Feet: 2,021
  • Acreage: 0.35
  • Est. Taxes: $4,539
  • Lot Desc: Hilly
  • Elem. School: Colchester Middle School
  • Middle School: Colchester Middle School
  • High School: Colchester High School
  • School District: Colchester School District
  • MLS#: 5022197
  • Website: https://www.raveis.com
    /prop/5022197/71sandroad_colchester_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 11/15/2024
Listing courtesy of Lake Point Properties, LLC   Phone: 802-347-6100
Listing Agent: John Cole

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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

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71 Sand Road, Colchester, VT, 05446

$479,900

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 $383,920 $383,920 $383,920
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.582% 7.159% 6.518%
Monthly Tax Payment $378 $378 $378
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,619 $2,552 $3,292
Total Monthly Payment $3,072 $3,005 $3,745

* 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.