Pepin DriveNewport City, VT 05855MLS Number 4940081

  • Price: $575,000
  • Est. Mortgage of $/month
  • 27 Days on Market
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$/month over payments
Federal 30-year interest rate: 6.13% last updated on Jan 26, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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  • 18.6Acreage
  • 810,216Square Feet
  • ActiveMLS Status
  • WestExposure

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Listed by Nicholas Maclure and Daniel Maclure of Century 21 Farm & Forest
Here is a wonderful opportunity to take over a pre-existing development. Mount Vernon Estates is Act 250 permitted for 48 units with 6 being completed and sold leaving 42 units to be developed. This site offers gorgeous westerly views of Lake Memphremagog, Downtown Newport, Jay Peak & Owls Head. It is an exceptional location being less than 1 mile to the Lake, Downtown Newport, Gardner Park, the Newport Country Club and so much more. The development has infrastructure in place including a town maintained paved road, public water & sewer, underground power, telephone and cable, and stormwater systems. Land Use & Water & Waste Water Permits are on file as are the all of the condo documents. Land is held in Common as part of the association. Property has frontage on Mt. Vernon, Pepin Drive, Fern St, Richards Drive, Weaver St, and the Glen Road. Road frontage listed is estimated. At $575K and 42 units remaining, you are looking at a purchase price under $14K per unit. Opportunities such as this are few and far between!

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More Info

Basic Information

  • Date Listed01/04/2023
  • StatusACT
  • List Price$575,000
  • MLS Number4940081
  • MLS StatusActive

Utilities

  • Power CompanyVT Electric
  • WaterPublic
  • ElectricOn-Site
  • SewerPublic
  • UtilitiesCable - At Site, High Speed Intrnt -Avail

Water Body

  • Water Body NameMemphremagog Lake
  • Water Body TypeLake
  • Water ViewYes

Location

  • StreetPepin Drive
  • TownNewport City
  • StateVT
  • Zip05855
  • SubdivisionMount Vernon Estates
  • CountyOrleans
  • Flood ZoneNo
  • DistrictNorth Country Supervisory Union
  • Elementary SchoolNewport City Elementary
  • Junior HighNorth Country Junior High
  • High SchoolNorth Country Union High Sch

Other

  • Taxes$2,314.64
  • Tax Yr2022-2023
  • SurveyedYes
  • ZoningRES ACLNDV MDL-00
  • Permit StatusState - Issued
  • View Count1

Property

  • Acreage18.6
  • ExposureWest
  • Area
    • Near ATV Trail
    • Near Country Club
    • Near Golf Course
    • Near Hospital
    • Near Shopping
    • Near Skiing
    • Near Snowmobile Trails
  • Square Feet810,216
  • CurrentUseDevelopment Potential, Residential
  • Road Frontage1600
  • RoadsDead End, Paved, Public
  • Topography
    • Condo Development
    • Mountain View
    • Recreational
    • Sloping
    • View
    • Water View
Tim Scott Real Estate
Tim Scott Real Estate
Office: 802-748-8000
725 Railroad Street
St. Johnsbury, VT 05819
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Copyright 2023 New England Real Estate Network, Inc. All rights reserved. This display of listings may or may not be the entire Compilation from the NEREN database, and NEREN does not guarantee the accuracy of such information. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated January 30, 2023 1:25 PM EST.

 

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