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Here's your chance to own a secluded 10. 2 +/- parcel of land in Middlesex on the side of Dumpling Hill. This unique parcel has 50 foot wide, 451+/- long right of way (ROW) on Wood Road that is through wetlands and CANNOT be developed. There's a stream that originates and runs through the property and joins the North Branch Winooski River about a half a mile away. The land is mostly mixed soft and hardwood with a partial clearing on the top northeast corner. There are no soil tests or a septic design, but the abutting property below had a back up septic system design completed in 2021 (WW-5-8429) on their property. Some pins were located from a 2021 survey. A stone wall runs along the parcel up the hill. Purchaser would be buying the property "as is" and would perform any soil testing after purchase and would need to establish a new ROW if they want to develop the property and have any equipment or vehicle access.
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Our Executive Mortgage Banker:
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$75,000
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 | $60,000 | $60,000 | $60,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.108% | 7.154% | 6.248% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $379 | $399 | $506 |
Total Monthly Payment | $454 | $474 | $581 |
* 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.