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287 Dewing Road, Franklin, VT 05457

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For Sale

$299,000

3 beds • 1 baths • 1,100 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • 1968
    Year built

  • $271.82
    Price per square foot

Explore this Property

MOTIVATED SELLERS! Now is your chance to purchase your very own piece of Vermont paradise! After you own this turn-key waterfront cottage on Lake Carmi (which is the 4th largest lake in VT), all you'll need to do is open the door and relax! It boasts the rustic charm of a cabin but has the updates of a well-maintained newer home. It's being sold completely furnished, including the dock system. It's located on the north-east area of the lake with westerly views and amazing sunsets. You'll enjoy a large yard, a fire pit area, a generous sized matching shed with power, lots of parking, a lakeside deck and bar, and a large dock system. High speed fiber internet. A shared drilled well is the water source, not lake water. Since purchasing in 2017, many major improvements have been made including: lifting the camp 2 feet and adding supports, rebuilding the entire front and installing larger windows, new appliances, an upgraded electrical panel, new plumbing throughout, a new septic tank, and new Rannai heaters and gas lines. NOT IN A FLOOD ZONE. Leased land. New 99 yr lease needs to be written. $1000/yr. Increases 25% every 5 years. Lot not for sale. (The homeowner pays annual "rent" to the landowner. You can treat the lot AS YOUR OWN LAND as long as it's not harmful/destructive. Pay the annual fee: that's it). Ask about a local bank that lends on leased land. Portal at property to offer a second bathroom for renters - septic works fine. Agent Interest. Boat/lift not included
MLS# 5038172

Listed By CENTURY 21 North East

Property Features

  • Basement
    None
  • Cooling
    No A/C
  • Exterior Description
    Vinyl Siding
  • Garage Description
    No Garage
  • Location
    Waterfront
  • Lot Description
    Lake on Lot
  • Roof
    Metal Roof
  • Sewer
    Cesspool
  • Style
    Other Style
  • Views
    Water, Lake & Stream
  • Water
    Well

Home seller Meet the Agent,
Heather Gleim

Get to know the neighborhood. A local affiliated CENTURY 21 agent will help you set up tours, give advice, and negotiate with sellers.

Heather Gleim

of CENTURY 21 North East

License: 082 0133476
(802) 289-3286
Learn More About Me

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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