Price$595,000
Est. Mortgage: $/month
MLS Number 4708753
- Residential Single Family
- Construction Existing
- Bathroom 2
- Bedrooms 2
- Square Feet 1226
Furnished lake-front cottage in turn-key condition with 155 feet of owned shoreline located 10+/- feet from Lake Morey with an elevated 28' x 8' lakeside deck, a second 20' x 12' ground-level deck, detached 2-car garage, paved driveway, paved walk ways, aluminum dock with deep water access and swimming raft. On the first level are two bedrooms with full bathroom in between and the kitchen/living area. Below is a full walk-out finished basement with full bathroom and large multi-purpose room with separate double-door entrance leading directly to the lower deck and dock. Town records indicated this is a two-bedroom residence. The septic is self-contained and requires annual pumping. The residence was completely rebuilt with new detached garage in 1994 following a fire. This property is ideal as is, but also offers a valuable opportunity to expand by trading one type of impervious surface for another under the guidelines of Vermont's 2015 Shoreline Protection Act. For example, the garage area, currently assessed for only $14,000 could potentially be redeveloped as residential space - subject to septic and local permitting. And by taking away some of the areas covered with black-top, even more space could be used for residential expansion. In short, this offering includes both the option to expand, which because of the Shoreline Protection Act will likely increase in value over time, as well as a turn-key residence that can be purchased and enjoyed right now.
Listed by Christopher Lang of LandVest, Inc/Woodstock
Fairlee VT real estate provides commuters with easy access to Interstate 91 and the Hanover-Lebanon area. The small village located on the banks of the Connecticut River and is known for the many summer camps and vacation homes on its beautiful lakes Morey and Fairlee.
