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545 South Prospect Street, #16, Burlington, VT, 05401 | $699,000
Enjoy Lake Champlain and Adirondack views and sunsets from this second-floor flat at Overlake Condominiums. Located at the top of this "Hill Section In Burlington, this is an excellent location to walk to downtown Burlington, the Lake Champlain waterfront, the University of Vermont, restaurants, yoga, and more. Overlake offers a rare seven acres of landscaped grounds, a tennis court, and a pool. This upgraded property is turned key and ready to make your home. The open floor plan is well-designed, and Red House Construction built a quality kitchen as well as all renovations - a top quality construction firm. The east-facing kitchen has a wall of windows and ample space for an eat-in area or office. The owner has his desk and sofa, creating a fun, functional room. The dining and living area is bright and open, with a new gas fireplace and handsome built-ins. All new hardwood maple flooring and crown molding. Walk out to the balcony for afternoon sun and sunsets. The primary ensuite bedroom with views west has a remodeled full bath with custom tile and vanity. The second bedroom and remodeled bathroom have a stall shower and custom tile. The entrance has a private courtyard with gardens. One car garage. This condominium is "easy living" with low-cost heat and power bills!
Features
- Parking: Auto Open,Assigned,Garage,Parking Spaces 1,Visitor,Detached
- Heating: Natural Gas,Baseboard,Electric,Gas Heater,Multi Zone
- Cooling: Wall AC Units
- Amenities: Management Plan,Master Insurance,Landscaping,Common Acreage,Pool - In-Ground,Tennis Court,Trash Removal
- Rooms: 4
- Bedrooms: 2
- Baths: 1 full / 1 three-quarter
- Complex: Overlake Condominiums
- Year Built: 1982
- Approx Sq. Feet: 1,446
- Est. Taxes: $10,558
- Lot Desc: Condo Development,Lake View,Landscaped,Mountain View,Trail/Near Trail,View,Water View,Near Public Transportatn
- Elem. School: Edmunds Elementary School
- Middle School: Edmunds Middle School
- High School: Burlington High School
- School District: Burlington School District
- MLS#: 5029595
- Website: https://www.raveis.com
/prop/5029595/545southprospectstreet_burlington_vt?source=qrflyer
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 4/16/2025Listing courtesy of Four Seasons Sotheby's Int'l Realty Phone: 802-864-0541
Listing Agent: Kathleen OBrien
William Raveis Family of Services
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888.699.8876
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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
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!
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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
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
545 South Prospect Street, #16, Burlington, VT, 05401
$699,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $559,200 | $559,200 | $559,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.058% | 7.063% | 6.152% |
| Monthly Tax Payment | $880 | $880 | $880 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,535 | $3,674 | $4,681 |
| Total Monthly Payment | $4,507 | $4,646 | $5,653 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484