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Nestled just 5 miles from Stratton's base lodge on the historic grounds of the former White Mop Wringer Co. , this remarkable home blends rich history with modern craftsmanship. Built in 2001, the house sits where, in the 1800s, Cassius A. White invented the mop wringer, making Jamaica, Vermont the birthplace of the first mop wringer factory. While the water wheel that powered the factory is no longer standing, the stone wall on the property still bears the outline of where it once stood, a lasting connection to the past. The home’s design reflects a deep appreciation for craftsmanship, with pine floors salvaged from a school gymnasium and a ceiling made from wood reclaimed from a school art center. The result is a warm, inviting space with a nod to the area's heritage. Outdoor enthusiasts will love the direct access to Ball Mountain Brook, an outdoor shower, a fire pit, and a beautiful screened porch—perfect for relaxing and connecting with nature. This home offers a unique opportunity to live in a peaceful sanctuary surrounded by history and modern comforts. In addition there is a 4 x 6 closet in the home that is plumbed for a 1/2 bath. Despite being in a flood zone, the property was untouched by both Hurricane Irene and the significant flooding in July 2023, demonstrating its resilience.
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Our Executive Mortgage Banker:
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$415,000
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 | $332,000 | $332,000 | $332,000 |
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 | 7.007% | 7.063% | 6.132% |
Monthly Tax Payment | $412 | $412 | $412 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,071 | $2,181 | $2,779 |
Total Monthly Payment | $2,558 | $2,668 | $3,266 |
* 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.