761 Route 4 East Rutland Town VT Property

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Price	Down Payment	Interest Rate	Years
		%

Est. Mortgage: $/month

Federal 30-year interest rate: 6.2% last updated on 2024-09-12

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

FOR SALE or GROUND-LEASE: Great DEVELOPMENT OPPORTUNITY: Part of NEARLY 50 ACRES: Poised for Residential development or subdivision, subject to Permitting. 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: $2,952.93/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.

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Basic Information

StatusActive With Contract
List Price$139,000
MLS Number4947099
MLS StatusActive Under Contract

Utilities

WaterOn-Site Well Needed
ElectricAt Street
SewerOn-Site Septic Needed
UtilitiesCable - Available, Telephone Available

Location

Building Number761
StreetRoute 4 East
VillageRutland
TownRutland Town
StateVT
Zip05701
CountyRutland
Flood ZoneYes

Amenities

PricePerSqFt7020.2

Property

Acreage19.8
ExposureWest
Square Feet862,488
CurrentUseCommercial, Mixed Use, Residential
Lot19
Road Frontage50
RoadsPublic
Topography
- Field/Pasture
- Hilly
- Neighbor Business
- View
- Wetlands
- Wooded

Other

Tax Year Notesthru 6/30
SurveyedYes
ZoningNone
Permit StatusNone
Assessment Year2013
Date Listed03/30/2023
View Count92

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated September 19, 2024 2:42 PM EDT

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