Bought with Nicholas Maclure • Century 21 Farm & Forest
$426,500
$442,000
3.5%For more information regarding the value of a property, please contact us for a free consultation.
712 Acres Lot
SOLD DATE : 08/21/2017
Key Details
Sold Price $426,500
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 4637188
Sold Date 08/21/17
Annual Tax Amount $2,268
Tax Year 2016
Lot Size 712.000 Acres
Acres 712.0
Property Description
Houghton Brook Forest represents a long-term timber investment that is offered at a price only slightly above the value of the standing timber. While this asking price assigns nearly no value to the underlying “dirt,” the land's surveyed subdivision into 7 woodlots offers diversification of future land uses and value uplift. The property's history includes former ownership by Fairbanks Scales Company, a well-known, American manufacturer of scales. The company used the property (including much of the adjoining state land that it also used to own) to provide forest products to its factory that produced platform scales in nearby St. Johnsbury. Property highlights include: Timber value of $406,000; Productive, young forest resource; Secure access; Existing, surveyed subdivision into seven individual woodlots; Mostly gentle terrain, 3-year round brooks, and adjacent 10,826 acres of state land.
Location
State VT
County Vt-caledonia
Area Vt-Caledonia
Zoning unknown
Body of Water Stream
Building
Lot Description Country Setting, Hilly, Recreational, Rolling, Secluded, Steep, Stream, Timber, Trail/Near Trail, View, Walking Trails, Wooded
Sewer None
Water None
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