Back to Search ResultsUnder Contract Status
$400,000 List Price
Land Type
1 Acres
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Milton
Discover a fantastic investment opportunity with this 4-lot approved subdivision! This unique property includes three unimproved lots and one lot featuring a large steel garage, currently serving as the Town garage, complete with a bathroom. The three vacant lots are approved for single-family homes and have potential to possibly be converted into duplex lots with additional permitting. Estimated infrastructure costs range between $75,000 to $85,000, covering sewer force main, pump station, sidewalks, and other miscellaneous expenses. The subdivision is serviced by town water, town sewer, and natural gas, ensuring convenient utilities access. Development Information: PERMITS obtained | $2,500 est. cost for water hook-up | $2,500 est. cost for sewer hook-up | Buried fuel tank on garage lot concrete | Possibility of duplex lot with amended wastewater permit and water/sewer allocations. The sale options are flexible: purchase Lot 4, featuring the garage on 0.4 acres, for $175,000, or acquire Lots 1-3, the unimproved lots, for $225,000, with cost agreements on infrastructure. This is a prime chance to develop in a well-serviced area with great potential for growth! *Based on buyer's development status, Act 250 may be triggered. †
Property Location
Property Details
| Contract Date Sep 25th, 2024 | |
|---|---|
| List Price $400,000 | Taxes $0 |
| Cooperation Fee Unknown | Tax Year |
| MLS# 5015841 | Exposure |
| Type Land | Surveyed Unknown |
| Zoning Mixed Use | Road Frontage Ft |
| Lot Size 1.39 Acres | Water Frontage |
| Easements | Water Body |
| List Date Sep 25th, 2024 |
| MLS# 5015841 | Taxes $0 |
|---|---|
| List Price 400,000 | Exposure |
| Type Land | Surveyed Unknown |
| Zoning Mixed Use | Road Frontage Ft |
| Lot Size 1.3900 Acres | Water Frontage |
| Easements | Water Body |
| List Date Sep 25th, 2024 |
| Amenities |
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| Topography |
| Location |
| Utilities |
| Directions |
| Current Use | Roads Public |
|---|---|
| Sewer Public | Roads Public |
| Water | Structure |
| Electric On Site | Shore Rights |
| Gas | Restrictions |
† The remarks published on this webpage originate from Listed By Hank Gintof Jr. of Signature Properties of Vermont via the PrimeMLS IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman cannot be held responsible for possible violations of copyright resulting from the posting of any data from the PrimeMLS IDX Program.
