|
Presented by
Chris and Kate Sellers Team |
199 Summer Street, Springfield, VT, 05156 | $239,000
SHOWING BY OPEN HOUSE SUNDAY FROM NOON-2 A unique opportunity to acquire the former East School property at 199 Summer Street in Springfield, Vermont. Set on approximately 2. 5 acres, the property includes a roughly 12, 400 sq. ft. former school building with existing road access, municipal water and sewer, and Medium Density Residential zoning. Listed at $239, 000, this property offers significant potential for adaptive reuse, multifamily housing, residential development, or a mixed-use concept. Potential redevelopment paths include converting the existing building into approximately 8 rental apartments, daycare or educational space, office/studio use, maker space, community space, or a mixed-use project. The larger site may also support additional development concepts, including approximately 12 small homes or cottage-style homes, subject to permitting, engineering, and feasibility review. Springfield continues to benefit from strong regional housing demand, municipal infrastructure, broadband and 10G fiber availability, access to I-91, Springfield Hospital, and proximity to Okemo, Woodstock, and the Upper Valley. With existing infrastructure in place, residential zoning, and multiple potential exit strategies, this property is well-suited for housing developers, investors, and community development partners.
Features
- Heating: Hot Water,Radiator
- Cooling: None
- Rooms: 12
- Bedrooms: 9
- Baths: 2 half
- Year Built: 1920
- Approx Sq. Feet: 11,500
- Acreage: 2.5
- Est. Taxes: $3,793
- Lot Desc: Other
- MLS#: 5092901
- Website: https://www.raveis.com
/prop/5092901/199summerstreet_springfield_vt?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. 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. Data last updated 6/6/2026
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Chris and Kate Sellers TeamSales Associates
413.440.9435
SellersTeam@Raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Michele WelchVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 293220
413.626.5626
Michele.Welch@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Nicole DelaneyInsurance Sales Director, William Raveis Insurance
781.724.3515
Nicole.Delaney@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
199 Summer Street, Springfield, VT, 05156
$239,000
Chris and Kate Sellers Team
Sales Associates
William Raveis Real Estate
Phone: 413.440.9435
SellersTeam@Raveis.com
Michele Welch
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 413.626.5626
Michele.Welch@raveis.com
NMLS Mortgage Loan Originator ID 293220
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $191,200 | $191,200 | $191,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.500% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.230% | 6.650% | 5.866% |
| Monthly Tax Payment | $316 | $316 | $316 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,162 | $1,209 | $1,575 |
| Total Monthly Payment | $1,553 | $1,600 | $1,966 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484