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This historic Federalist-style home was built in 1828 as a private residence for the family of Daniel Chipman, a Charter Trustee of Middlebury College, lawyer, and U. S. Representative from Vermont. It was not until the 1970's that the home was converted to an inn, and its current owners have operated the house as a bed-and-breakfast. The house could easily be used either as a private residence or B&B. With 5, 258 square feet this home includes 11 bedrooms and bathrooms, two expansive living rooms, modern kitchen, wet bar, and dining room (seats 28) complete with a historic Rumford fireplace and beehive stove. It is ideally suited for either a large family or enterprising entrepreneurs wanting a historic B&B in a fabulous location. Only minutes from the Middlebury College Breadloaf campus, hiking trails in the Breadloaf Wilderness, and skiing at Rikert Ski Touring Center and the Snowbowl - opportunities for outdoor activities are abundant. Having both historic and modern features, this home offers its future owners the best of both worlds. Presently, the owners occupy five of the eleven bedrooms, and six are used as short-term rentals. With amenities such as a separate private suite with its own entrance, zoning allowing for both residential and commercial use, a modern timber frame barn with loft, and 5. 9 acres of land with many mature maple trees, all in a superb location, this one-of-a-kind gem provides its next stewards with endless opportunities.
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Our Executive Mortgage Banker:
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$1,200,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $960,000 | $960,000 | $960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.625% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.712% | 6.764% | 6.435% |
Monthly Tax Payment | $1,019 | $1,019 | $1,019 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,602 | $6,147 | $8,231 |
Total Monthly Payment | $6,746 | $7,291 | $9,375 |
* 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.