Stowe, VT 05672,0 McLane RD
Listed by Brent Libby • Four Seasons Sotheby's Int'l Realty
Bought with Brent Libby • Four Seasons Sotheby's Int'l Realty

$1,200,000

$1,385,000

13.4%
Est.Price: ?

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Est. payment /mo

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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