5 Snow Drift Lane, #6, Londonderry, VT, 05148 | $299,000

Are you looking to add a little Magic to your life? Then, this is the place for you! Located just off the base area of Vermont’s beloved Magic Mountain in Londonderry, this small, welcoming condo development has just 6 units and embodies the spirit of its nearby mountain with a closeknit and friendly community. Walk to the lifts and ski home in the winter months, wander over to the base area for food and entertainment (winter and summer), marvel at the best July 4th fireworks in town, and enjoy a great variety of local music on the deck during the warmer months. The 4BR/2BA end-unit condo is on three levels with the kitchen, dining area and living room on the main level; two bedrooms (one with a loft) and a bathroom upstairs; and two more bedrooms, a bathroom and small mudroom/entry area on the lower level. The living room features a corner-style wood-burning fireplace and vaulted ceilings and there is access to a small private deck with all-day sun and western views towards over a neighboring pond with Bromley Mountain in the distance. Just a mile or so down the road is Lowell Lake - a local favorite, located just a mile or so away, with its delightful walking trails and flat-water kayaking and canoeing. What cements the deal here is proximity to all-season recreation and a vibrant and active local scene. Please note that this unit needs some work (cosmetic) and updating, but any investment will be well rewarded as you reap the joy of being a part of the Magic community.

Features

  • Parking: Driveway
  • Heating: Baseboard,Electric
  • Cooling: None
  • Amenities: Building Maintenance,Landscaping,Common Acreage,Snow Removal
  • Rooms: 7
  • Bedrooms: 4
  • Baths: 1 full / 1 three-quarter
  • Complex: Snow Drift Condominiums at MagicSnow Drift Unit #6
  • Year Built: 1962
  • Approx Sq. Feet: 1,350
  • Est. Taxes: $3,597
  • Lot Desc: Condo Development,Ski Area,Trail/Near Trail,Near Shopping,Near Skiing
  • Elem. School: Flood Brook USD #20
  • Middle School: Flood Brook Union School
  • High School: Choice
  • School District: Taconic and Green Regional
  • MLS#: 5037552
  • Website: https://www.raveis.com
    /prop/5037552/5snowdriftlane_londonderry_vt?source=qrflyer
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Listing courtesy of Mary Mitchell Miller Real Estate   Phone: 802-824-3176
Listing Agent: Claudia Harris

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NMLS Mortgage Loan Originator ID 793093

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5 Snow Drift Lane, #6, Londonderry, VT, 05148

$299,000

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 $239,200 $239,200 $239,200
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% 6.132%
Monthly Tax Payment $300 $300 $300
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,512 $1,571 $2,002
Total Monthly Payment $1,887 $1,946 $2,377

* 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.