0 Pepin Drive Newport City, VT

$595,000
Acres 18.60
Photo of 0 Pepin Drive Newport City VT 05855




Description

At a time when the State of Vermont is experiencing a crisis in not having enough housing and millions of dollars are being pushed out the door to help build inventory, this 18.60 acre parcel becomes available. This is Opportunity knocking. This is all Act 250 ready with 42 more potential units ready to be built. The infrastructure is already in the ground. 6 condos have been previously built and sold and are not part of this sale. Stay with that thought or come up with your own such as duplexes. What you will see when you enter this site is expansive views of Lake Memphemagog and the surrounding mountains. Overlooking the beautiful city of Newport, all the amenities that one would expect are here from world class dining, shopping, a full service hospital and unbelievable recreation. The golf course is one driveway up. For you out of area developers, tell me where you will find this type of opportunity for $595,000 that is this ready to build on with anxious buyers ready to spend. Opportunity awaits.


Listed by RE/MAX All Seasons Realty - Lyndonville, Russell Ingalls

Details

MLS 5010534
Price $595,000
Status Active
DOM 116 days
Type Lot/Land
Lot Size 18.60 acres
Taxes Paid $2,407

Lot & Building Features

Association Amenities Common Acreage
Utilities Cable - At Site, Underground Utilities, Telephone At Site
Sewer Public Sewer On-Site
Tax Year 2023
Taxes Paid $2,407
Water Public Water - On-Site
Lot Description Condo Development, Wooded, Water View, View, Trail/Near Trail, Subdivision, Street Lights, Sloping, Secluded, Open, Near School(s), Mountain View, Major Road Frontage, Landscaped, Lake View, Curbing, Country Setting

Schools

Elementary School Newport Center Elementary
Junior High School North Country Junior High
Senior High School North Country Supervisory Un

Land for Sale: 0 Pepin Drive, Newport City, VT 05855

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Financing

$
20%
0.40453781512605%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.