$139,000

FOR SALE or GROUND-LEASE: Great DEVELOPMENT OPPORTUNITY: Part of NEARLY 50 ACRES: Poised for Residential development 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 (Listed by Town as 49.43 acres) is discounted to $325,000. The Gross Taxes listed hereon: $2,952.77/yr, are for that combined larger parcel of 48.73 acres. On a $59.74 per acre basis, that would put the annual 2024 Tax on this 19.8-acre Parcel 1 at $1,182.85. 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 (currently on an annual lease), and advises he is willing to convey Parcels 1 and 3 with a 50-ft., ROW. The 2024 Property Tax on combined Parcels 1 & 3 is $2,952.77, or $60.00 per acre. By that measure, 2024 tax allocated to Parcel 1 would be $1,183; and the tax allocated to Parcel 3 would be $1,728. 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.