Danville, VT 05873,0 off of McDowell RD
Listed by Michael Tragner • Fountains Land Inc.
Bought with Nicholas Maclure • Century 21 Farm & Forest

$426,500

$442,000

3.5%
Est.Price: ?

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Est. payment /mo

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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