761 Route 4 EastRutland Town, VT 05701MLS Number 4947099

  • Price: $139,000
  • Est. Mortgage of $/month
  • 530 Days on Market
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Federal 30-year interest rate: 6.35% last updated on Sep 5, 2024
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761 Route 4 East Rutland Town VT 05701761 Route 4 East Rutland Town VT 05701
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  • 862,488Square Feet
  • 19.8Acreage
  • RutlandVillage
  • YesFlood Zone
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.
Listed by Ray Ault of Ault Commercial Realty,Inc. (Ray@AultCommercial.com)

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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 Count63
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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 10, 2024 6:24 AM EDT

 

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