21 Nickerson Road, Brandon, VT, 05733 | $875,000

Amazing development opportunity on 34+/- acres located in the beautiful town of Brandon, VT. Strategically located between the Middlebury and Rutland employment areas, this lot could provide the much-needed housing expansion. Zoned primarily High-Density Multi-use with minimum lot size of 1/5th acre. The town confirmed that this lot will be in the new Tier 1B Act250 exempt area when implemented, greatly reducing permitting issues. Both municipal water and sewer are available on the frontage and the town has indicated with allocation letters that there is plenty of capacity. Power and high-speed internet on the frontages. Access to be via Carver St or Nickeson Rd so no state highway permit will be required. The property offers amazing mountain views, to the west from the ridgeline (with clearing), and to the southeast from the open bowl area (existing views). Teir 1B allows for up to 50 units, most if not all could have wonderful views. The revitalized Brandon downtown offers casual and fine dining, supermarket, shopping, and community health center. We have found the town officials excited about a housing development and extremely helpful. The seller says bring all opportunities and offers, they want to make this work for the community.

Features

  • Parking: Off Street,On-Site
  • Zoning: High Density Multi-Use
  • Frontage: 2463
  • Acreage: 34
  • Est. Taxes: $5,941
  • MLS#: 5046991
  • Website: https://www.raveis.com
    /prop/5046991/21nickersonroad_brandon_vt?source=qrflyer
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Listing courtesy of Preferred Properties   Phone: 802-862-9106
Listing Agent: Curtis Trousdale

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NMLS Mortgage Loan Originator ID 81725

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21 Nickerson Road, Brandon, VT, 05733

$875,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $700,000 $700,000 $700,000
Term 360 months 360 months 180 months
Initial Interest Rate** 4.750% 5.625% 5.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 5.878% 5.732% 5.555%
Monthly Tax Payment $495 $495 $495
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,652 $4,030 $5,673
Total Monthly Payment $4,239 $4,617 $6,260

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.