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Ideally located just 5 minutes from the slopes of Burke Mountain, this exceptional property offers a versatile opportunity as a full-time residence, investment, or short term rental (with permitting). Nestled in the heart of Vermont's Northeast Kingdom and moments from Kingdom Trails and East Burke Village, the property features an efficiently designed 2-bedroom main home accompanied by a separate 1-bedroom Accessory Dwelling Unit (ADU). Both recently constructed dwellings are thoughtfully appointed with modern comforts, including radiant floor heating, mini-split systems for year-round climate control, hybrid water heaters, brand-new appliances, and in-unit washer/dryers. Set back from the road for added privacy, the main house offers 1, 402 square feet of finished living space, complemented by an additional 864 square feet of unfinished basement potential. Highlights include two bedrooms, 1. 75 baths, a spacious kitchen with a breakfast bar island, and a generous walk-in closet in the primary suite. The ADU offers slope views of Burke Mountain and provides 680 finished square feet with an open loft-style bedroom, a full bath, and a well-appointed kitchen area with a breakfast bar. The 586 square foot basement offers additional storage or expansion potential. Step outside and directly access town-owned and public land featuring walking and biking trails, along with a nearby children’s park. Easy access to Interstate 91 in Lyndon and Island Pond, both just 20 minutes away.
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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 | $688,000 | $688,000 | $688,000 |
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 | $752 | $752 | $752 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,015 | $4,405 | $5,899 |
Total Monthly Payment | $4,859 | $5,249 | $6,743 |
* 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.