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230 Route 129, Alburgh, VT, 05440 | $3,350,000
This sale consists of a turnkey fully operating 18 hole golf course on 413 acres of land. An 8. 13 acre lot. This sale includes the 3000 sf house located on a 3 acre separate parcel. The golf course has over 1700 feet of lakefront on Lake Champlain. This land has extensive development potential as over 200 acres of property is undeveloped with aprox 7000 feet of road frontage. The development possibilities in addition to the golf course are extensive to include direct lakefront development. The golf course has undergone extensive infrastructure upgrades to include an irrigation pond and many newer pieces of ground maintenance equipment. The club house has a restaurant with a full bar indoor and outdoor dining areas. The restaurant is leased for operation but much of the restaurant equipment is included. The lower level of the restaurant/clubhouse has a 2 br apartment for a pro or for additional income from guests. The lower level also has a space that could be finished for additional indoor expansion to add catering or event space. The lakefront could be developed as not to interfere with the golf course operation and to someone with a development vision it adds extensive long term financial potential. An onsite black stone gravel pit services the property or could be an additional financial venture for a new owner. The additional acreage is a mix of open meadows and wooded areas with some of the best elevated views of the Green Mountains in Alburgh.
Features
- Property Type: Business,Development,Investment,Land,Opportunity
- Construction: Vinyl Exterior
- Zoning: Commercial
- Frontage: 7000
- Acreage: 424
- Est. Taxes: $27,282
- MLS#: 4866360
- Website: https://www.raveis.com
/prop/4866360/230route129_alburgh_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 11/14/2024Listing courtesy of eXp Realty Phone: 802-868-6367
Listing Agent: Shawn Cheney
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Brian SkellyVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 793093
203.415.2989
Brian.Skelly@raveis.com
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230 Route 129, Alburgh, VT, 05440
$3,350,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Brian Skelly
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $2,680,000 | $2,680,000 | $2,680,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
| Monthly Tax Payment | $2,274 | $2,274 | $2,274 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $15,217 | $16,501 | $22,255 |
| Total Monthly Payment | $17,616 | $18,900 | $24,654 |
* 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