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Welcome To Cedarvale Estates - a rare opportunity to secure a lakefront lot with such potential, and after 50 years the current family are ready to hand it on to the next stewards! The lot is located near the end of a peaceful (dead-end) country road, on the eastern shore of the Point of Tongue, looking east over the Alburgh Passage. The rolling & wooded lot is almost 0. 5 of an acre and boasts 100' of prime owned lakefront on an elevated bluff, with stairs to the water. Currently on the lot is the original 1965 camp (now just for storage) and a 2020 "tiny home", this creates the unique chance of obtaining a slice of Lake Champlain as a minimalist (currently no sewer or water connected), or starting from scratch and build your own dream home, be it seasonal or a year round residence. The old camp was connected to a septic tank & an old lake-fed water supply, but upgrades would be needed, also the new owner will benefit almost immediately from the Village Of Alburgh's public water service extension to the Estates, happening this summer. The recently constructed staircase to the lake has the benefit of 2 deck areas, to sit on and savor the view from different vantage points. You'll love opening your slider & simply relaxing on your deck with your morning coffee, this peace and tranquility can not be matched! Endless seasonal activities to enjoy, be it kayaking or swimming in the pristine water, or sitting around the campfire at night making memories for the generations to come.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$189,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $151,200 | $151,200 | $151,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.019% | 7.050% | 6.152% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $943 | $993 | $1,266 |
Total Monthly Payment | $1,018 | $1,068 | $1,341 |
* 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.