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0 Bombardier Road, #1, Milton, VT, 05468 | $2,300,000
Lot #1 is a 20 acre parcel centrally located in Milton. It could not get more ideally located for this area-adjacent to the town’s 30 acres of recreation are with soccer and baseball fields, dog park, events areas; short walk to shopping center and other commercial establishments; only few blocks from schools; town library is right next door. Zoning is high density, 6000sqft for unit and, in addition, there is a 50% density bonus from the town, but also since it is on municipal water/sewer, you could do a duplex on each lot. Considering infrastructure and roads, etc. 90 to 100 units are likely but will need town approval. Would be very appropriate for affordable housing subdivision or mix of single family and condo’s. Lot #2, see attached subdivision plat, is owned by the town of Milton for their Public Works garage, etc. . On 5. 99 acres of Lot #3, there will be a 32 units residential development going in. Because of the town lot and the development on two thirds of Lots #3, a good share of road will be built that will ultimately have to connect to Willy’s Lane, natural gas, municipal water/sewer will be available at road, and pumping station for sewer will be built. See attached for current zoning regs. , conditions of final subdivision approval, plot plans, etc. . The time is right and this lot is right for the times! Also listed as a Commercial listing see MLS#5015733.
Features
- Zoning: M4R-Residential
- Frontage: 872
- Lot Desc: In Town,Near Shopping,Neighborhood,Level,Subdivision,Wooded
- Elem. School: Milton Elementary School
- Middle School: Milton Jr High School
- High School: Milton Senior High School
- School District: Milton
- MLS#: 5015732
- Website: https://www.raveis.com
/prop/5015732/0bombardierroad_milton_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 11/23/2024Listing courtesy of BHHS Vermont Realty Group/S Burlington Phone: 802-658-5555
Listing Agent: Warren Palm
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NMLS Mortgage Loan Originator ID 793093
203.415.2989
Brian.Skelly@raveis.com
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0 Bombardier Road, #1, Milton, VT, 05468
$2,300,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,840,000 | $1,840,000 | $1,840,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,447 | $11,479 | $15,403 |
| Total Monthly Payment | $10,572 | $11,604 | $15,528 |
* 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