$139,000 Price Analysis    ♡   Rutland Town, VT 05701 Unknown bed 0 bath unknown SqFt ($0/SqFt) 19.8 acre lot. Listed 2023-03-30 | Ⓧ USDA Ineligible due to property near Prospect Hill |
FOR SALE or GROUND-LEASE: Great DEVELOPMENT OPPORTUNITY: Part f NEARLY 50 ACRES: Poised for Residential development or subdivision
* Has Contingent Offer *Subject to Permitting. Just 10 minutes to downtown Rutland and Killington-Pico Ski and Golf Resort. This 19.8 acres may be combined with an adjoining 28.93 acres ($210, 000) SW that shares access ROW. The combined larger parcel of 48.73 acres (Listed by Town as 49.43 acres) is discounted to $325, 000. The Gross Taxes listed hereon: $2, 952.93/yr, are for that combined larger parcel of 48.73 acres. On a $59.74 per acre assessment basis, that would put the annual 2024 Tax on this 19.8-acre Parcel 1 at $1, 183.
and the tax allocated to Parcel 3 would be $1, 728. Possible OWNER FINANCING. Or Ground-Lease starting at $1, 250.00/month on Parcel 1 and $1, 750/mo., on Parcel 3, . term negotiable. Note: The Right of Way from Route 4 along the south line of Parcel No. 2 on the survey map provided, appears to be 20 ft wide, but Seller also owns Parcel 2 with the gray cape house (currently on an annual lease) and advises he is willing to convey Parcels 1 and 3 with a 50-ft., ROW. Buyer should have a Wetlands Delineation done by a Vermont-Certified Wetlands specialist and soils perc tests to establish a development envelope . See ML#4845085 for Listing on adjacent 28.93 acres for $210, 000.
Presented by Ray Ault at
Ault Commercial Realty, Inc.
Property MLS #4947099 from PrimeMLS
Road Frontage Type: Yes
Roads: Public
Lot Size Square Feet: 862488
Calculated Total Monthly Association Fees: 0
County: VT-Rutland
Directions: Right of Way access to parcel is on ROUTE 4 EAST, ...1/2 MILE East of HOME DEPOT sign, opposite the House Of Lights. Park just off the right side of the start of driveway to grey cape house, and walk along the logging road that starts just 30 feet off US-4 from the left side of driveway to house.
Source Property Type: Land
Possible Use: Commercial, Mixed Use, Residential
Area: Rutland
Source Neighborhood: Rutland
Lot Number: 1
Source System Name: C2C
$139,000
PrimeMLS
Listing removed 2023-09-18
$0
PrimeMLS
Listed 2023-03-30
$139,000
PrimeMLS
Sewer: On-Site Septic Needed
Cable - Available
Telephone Available
Water Source: On-Site Well Needed
Map directions Map directions
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.