20 Kienle Road Milton, Vermont 05468 MLS# 5015841

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Under Contract Status

$400,000 List Price

Land Type

1 Acres

Listed By Hank Gintof Jr. of Signature Properties of Vermont
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Hillside at O'Brien Farm

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Milton

20 Kienle Road
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Discover a fantastic investment opportunity with this 4-lot approved subdivision! This unique property includes three unimproved lots and one lot featuring a large steel garage, currently serving as the Town garage, complete with a bathroom. The three vacant lots are approved for single-family homes and have potential to possibly be converted into duplex lots with additional permitting. Estimated infrastructure costs range between $75,000 to $85,000, covering sewer force main, pump station, sidewalks, and other miscellaneous expenses. The subdivision is serviced by town water, town sewer, and natural gas, ensuring convenient utilities access. Development Information: PERMITS obtained | $2,500 est. cost for water hook-up | $2,500 est. cost for sewer hook-up | Buried fuel tank on garage lot concrete | Possibility of duplex lot with amended wastewater permit and water/sewer allocations. The sale options are flexible: purchase Lot 4, featuring the garage on 0.4 acres, for $175,000, or acquire Lots 1-3, the unimproved lots, for $225,000, with cost agreements on infrastructure. This is a prime chance to develop in a well-serviced area with great potential for growth! *Based on buyer's development status, Act 250 may be triggered.

Property Location

20 Kienle Road Milton

Property Details

Contract Date  Sep 25th, 2024
List Price  $400,000 Taxes $0
Cooperation Fee  Unknown Tax Year
MLS#  5015841 Exposure  
Type  Land Surveyed  Unknown
Zoning  Mixed Use Road Frontage   Ft
Lot Size  1.39 Acres Water Frontage  
Easements   Water Body  
List Date  Sep 25th, 2024
MLS#  5015841 Taxes $0
List Price  400,000 Exposure  
Type  Land Surveyed  Unknown
Zoning  Mixed Use Road Frontage   Ft
Lot Size  1.3900 Acres Water Frontage  
Easements   Water Body  
List Date  Sep 25th, 2024
Amenities 
Topography 
Location 
Utilities  
Directions  
Current Use  Roads  Public
Sewer  Public Roads  Public
Water   Structure  
Electric  On Site Shore Rights  
Gas   Restrictions  
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† The remarks published on this webpage originate from Listed By Hank Gintof Jr. of Signature Properties of Vermont via the PrimeMLS IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman cannot be held responsible for possible violations of copyright resulting from the posting of any data from the PrimeMLS IDX Program.