0 ROUTE 12 Elmore, VT 05657 | Land | Residential Land

$490,000

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731.0
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Listing Courtesy of
Fountains Land Inc.

Description

The land represents an excellent timber investment opportunity with attractive species composition, diverse diameter distribution, and superior access. The land also offers a great recreational amenity by supporting the development of a camp building. The ownership, Vermont Land Trust (VLT), acquired the land in 2017 from the Wolloch Family, As part of the 2022 Worcester Woods Project to protect 6,500 acres from future development, the VLT has transferred a conservation easement on the land to the State of Vermont, which will oversee the easement terms. Investment highlights include:1) Long-term timber investment & possible sugarbush opportunity with managed timber resource; 2) Attractive species composition, dominated by The Maples, yellow birch, and spruce/fir; 3) Exceptional access with 1.6 miles of paved road frontage; 4) Standing timber value well above the property’s asking price; 5) Nice location with recreational opportunity supported by various sites to build a camp; 6) The land is subject to a conservation easement which restricts non-sustainable forest management and the building of any homes.

Property Details

List Price $490,000 Sold Price $490,000 List Date 2022-04-20 Sold Date 2022-07-05 MLS ID 4906153 Status Closed Property Type Land Property Sub Type Residential Land County VT-Lamoille Days on Market 6

characteristics

Acres 731 lot size area 731.0 Lot SqFt 31842360.0 lot size units Acres possible use Unknown road frontage type Paved road surface type Paved view River view y n Yes water body name North Branch Winooski River waterfront features Yes waterfront y n Yes

tax

zoning Unknown

contract

foreclosure y n No

compensation

Buyer Agency Comp. 2.8 Buyer Agency Comp. Type % Compensation Disclaimer The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the PRIMEMLS.
This listing was last updated on 3/17/2024 2:02:33 AM (UTC)