761 Route 4 East , #1

Description

FOR SALE or GROUND-LEASE: Great DEVELOPMENT OPPORTUNITY: Poised for Residential community or subdivision. Just 10 minutes to downtown Rutland, and Killington-Pico Ski & 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 is discounted to $325,000. 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 across 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, and advises he is willing to convey Parcels 1 and 3 with a 50-ft., ROW. The Town lists the combined 48.73-acre parcel as being 49.43 acres. The 2023 Property Tax on combined Parcels 1 & 3 is $2,762.97, or $56.00 per acre. By that measure, 2023 tax allocated to Parcel 1 would be $1,109; and the tax allocated to Parcel 3 would be $1,620. Buyer should have a Wetlands Delineation done by a Vermont-Certified Wetlands specialist, and soils perc tests to establish a "development envelope".