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Very Rare Lakefront Lot. 2. 5 Acres on eastern side of Lake Memphremagog. 1413 Bluff Road, Newport, VT Welcome to a once-in-a-lifetime opportunity to own 2. 5 pristine acres of lakefront land on the crystal-clear waters of Lake Memphremagog in beautiful Newport, Vermont. Located on the sought after Bluff Road, this exceptional parcel offers over 600 feet of private, sandy and shallow shoreline, granting panoramic views and direct access to one of New England's most scenic international lakes. Nestled in a peaceful and private setting, this rare offering is ideal for building your dream home, vacation retreat, or investment property. The lot is gently sloping toward the water, with a mix of mature trees and open space which is perfect for maximizing both privacy and views. With ample room for a home, garage, and outdoor living space, the potential here is unmatched. This location offers a blend of tranquility and convenience: just minutes from downtown Newport's shops, dining, and services, and close to year-round recreation including boating, fishing, snowmobiling, skiing, and hiking. Jay Peak Resort is a short drive away for world-class skiing and golf. Lakefront land like this—especially on Lake Memphremagog, which spans into Canada—is exceptionally rare. Don't miss your chance to claim this extraordinary slice of Vermont's Northeast Kingdom. Offered as land only. City water and Electrical service on property.
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Our Executive Mortgage Banker:
Our Insurance Division:
$795,000
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 | $636,000 | $636,000 | $636,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,020 | $4,178 | $5,324 |
Total Monthly Payment | $4,112 | $4,270 | $5,416 |
* 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.