Bought with Brent Libby • Four Seasons Sotheby's Int'l Realty
$1,200,000
$1,385,000
13.4%For more information regarding the value of a property, please contact us for a free consultation.
10.6 Acres Lot
SOLD DATE : 03/14/2018
Key Details
Sold Price $1,200,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 4603337
Sold Date 03/14/18
Annual Tax Amount $8,412
Tax Year 2016
Lot Size 10.600 Acres
Acres 10.6
Property Description
Covered Bridge Phase IV is a 10.60 acre parcel being offered with 19 building units approved by the State of Vermont. This is a terrific opportunity for a builder/developer to begin a long term project in a highly desirable area of Stowe without the need to go through the time and expense of getting a major project permitted by the State. Much of the infrastructure is already in place making it convenient to start building the first of seven duplex units, two single family homes and one triplex unit. Covered Bridge is ideally located just off the Mountain Road in the mountains within an easy walk to the Catamount Trail and the network of cross country ski and mountain biking trails of Trapp Family Lodge. The price is attractive at roughly $72,900 per building unit based upon the new asking price of $1,385,000. The owners would consider some seller financing for the right buyer.
Location
State VT
County Vt-lamoille
Area Vt-Lamoille
Zoning Residential
Building
Lot Description Condo Development, Mountain View
Sewer Community, Leach Field - Off-Site
Water Public Water - On-Site
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