Listed by: Kevin Barnes, William Raveis Vermont Properties, Selling Office: William Raveis Vermont Properties, Listing Courtesy of Prime MLS
$165,000
●
Land -
Off Market
Sumner Road #LOT7
Ludlow, VT
Studio
0 Bath
$985
Est. Monthly
About This Property
Visit the Okemo real estate community today. Start building your
dream home on the 3+/- acre lot! This lot is ideally located
off Rte 100 between Killington and Okemo Mountain as well as just
across Route 100 from Lake Rescue. Cool Edge is a small subdivision
with the private road already in place and each lot has been
partially cleared. All the lots share a 1 acre lakefront parcel on
Lake Rescue that has parking and a dock installed in 2020. Power is
at the road and the wastewater permits/designs are in place.
Jackson Gore at Okemo is about 5 minutes away and the Skyship
gondola at Killington is about 15 minutes away. Taxes are based on
current town assessment.
Unit Size
-
Days on Market
-
Land Size
3.30 acres
Price per sqft
-
Property Type
Land
Property Taxes
$175
HOA Dues
-
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (Prime MLS #4977516)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 22, 2024 | Sold | ||
| Sold | |||
| Nov 11, 2023 | Listed by William Raveis Vermont Properties | $165,000 | |
| Listed by William Raveis Vermont Properties | |||
Property Highlights
Exterior Details
Road Frontage Length: 102
Lot Features: Country Setting, Deed Restricted, Level, Slight, Sloping, Subdivision, Trail/Near Trail, View, Walking Trails, Wetlands, Wooded
Lot Size Acres: 3.3
Lot Sqft: 143748
Financial Details
Taxes Gross Amount: $2,097
Possession Information: At Closing, Right of First Refusal
Utilities Details
Sewer Features: Leach Field - Conventionl, On-Site Septic Needed, Other, Septic Design Available, Soil Test Available
Water Source: On-Site Well Needed, Other
Location Details
Location: From Rte 103 turn right onto Rte 100 North, continue for 3 miles. See sign on the left.
Water Body Restrictions: Yes
Water Body Access: Yes
Water Body Name: Rescue Lake
Zoning Information: Residential
HOA Details
Association Fee Includes: Other, Plowing, Taxes
Comparables
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Type
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ft²
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HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|
Similar Homes for Sale
Currently no similar homes around
Listed by: Kevin Barnes, William Raveis Vermont Properties
Last Updated Date: 2024-04-22
Last Checked: 5 hours ago
Data Source: Prime MLS, MLS# 4977516
Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. 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
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated Date: 2024-04-22
Last Checked: 5 hours ago
Data Source: Prime MLS, MLS# 4977516
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