- Pine Hill Road Lot F, Derby, VT 05829
VT-Orleans County
Key Facts
Description
This 41-acre plot of land, situated in Derby (13.2A) and Newport (27.6A), is adjacent to the I-91 access road, Newport Country Club, Pine Hill Road, and Mt. Vernon St. While it is currently zoned for commercial purposes, it also presents an opportunity for residential development, which would necessitate rezoning. The undeveloped land offers potential for a large luxury residence, boasting breathtaking views of Lake Memphremagog, Jay Peak, Willoughby Gap, and downtown Newport. Plans are available for either a 7-lot commercial subdivision or a 13-lot residential subdivision with access to water and sewer facilities. Additionally, its location within the Foreign Trade Zone could lead to reduced import costs for businesses, and potential eligibility for New Market Tax Credits. This property is a must-see. Two (2) shareholders are Vermont Real Estate Brokers.
Property Information
Property Type
Land
Lot Size
41.00 acres
Zoning
Commercial
Days on Market
921
MLS® Listing#
4958531
Property Features
Lot Features
Utilities
Sewer
Schools
- Elementary:
- Derby Elementary
- Middle:
- North Country Junior High
- High:
- North Country Union High Sch
- District:
- North Country Supervisory Union
Directions
From I-91 Access Rd take Pine Hill Rd to stop sign. Property is on right corner of Pine Hill & Mt Vernon. Lot access is first right on Mt Vernon, opposite the golf course at Newport Country Club.
Affordability Calculator
$139,800
Estimated monthly payment
$3,720/mo
Principal $559,200 · Est. interest $780,134 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Derby, VT
- $372,000
- Median Listing Price
- 84
- Median Days on Market
- 2,102
- Median Sq Ft
- $182
- Median Price / Sq Ft
- 61
- Active Listings
- This home’s price is 88% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Derby, VT.
Location
Map is currently unavailable for this location.
Points of Interest in Derby, VT
Showing the Derby area map.
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1851 Valley Road, Derby, VT | $510,000 | 4 | 3 | 3,224 |
| 2111 Beebe Road, Derby, VT | $525,000 | 2 | 3 | 3,688 |
| 294 Briere Patch Lane, Derby, VT | $525,000 | 3 | 2 | 1,800 |
| 2600 North Derby Road, Derby, VT | $549,000 | 4 | 4 | 6,434 |
| 2600 North Derby Road, Derby, VT | $569,000 | 4 | 4 | 6,434 |
| 294 Lyon Road, Derby, VT | $575,000 | 4 | 3 | 2,782 |
