Stunning Views, Lake Bomoseen Proximity, and Versatile Living Spaces at 1102 Drake Road! This exceptional property offers breathtaking views of Birdseye Mountain, comfy living spaces, and a stellar location close to Vermont’s largest lake. The main home features 2 spacious bedrooms & a huge full bath, large kitchen with slate floors & a gorgeous island, an enclosed sunroom, & an inviting living room at the front of the house, offering lovely views of the landscaped lawn and vibrant gardens. An attached 1-bedroom, 1-bathroom in-law suite offers incredible versatility—perfect for hosting loved ones or generating rental income. Let this additional unit (a RARE find in this area) pay your mortgage for you! Step outside to enjoy the above-ground pool, ideal for summer days, or relax on the deck while taking in the peaceful surroundings. A 2-car attached garage adds convenience, while the basement includes a finished room that’s perfect for a home gym, recreation area, or creative space. Just moments from Lake Bomoseen & appx 40 minutes from world class skiing at Killington, this property provides easy access to skiing, boating, fishing, hiking, mountain biking, and more. Whether you’re searching for a primary residence with stunning views or a home with income potential, 1102 Drake Road is ready to welcome you. Schedule your private tour today and make this exceptional home yours!
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $423,200 | $423,200 | $423,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,816 | $2,813 | $3,569 |
Total Monthly Payment | $2,908 | $2,905 | $3,661 |
* 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.