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    Spruce Grove Rd Wilmington, VT 05363

    For Sale
    $389,000

    8.1 Acres, Buildable, Mountain Views

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This 8.1-acre commercial land parcel in Wilmington, Vermont, presents a unique opportunity for development. Located in Windham County, on Spruce Grove Rd, zip code 05363, the property boasts stunning mountain views and is zoned for residential use (Res). A significant advantage is the existing Vermont State Wastewater Permit already in place, approved for a four-bedroom dwelling. The land includes a cleared building site and a newly constructed driveway, simplifying the construction process. Utilities are accessible at the road, ensuring convenient connectivity. While an old hunting cabin is present on a small portion of the property, it is anticipated to be demolished. The absence of HOA restrictions allows for maximum flexibility in development plans. Enjoy the tranquility of this secluded setting while remaining conveniently close to recreational opportunities such as Harriman Reservoir (minutes away for boating) and popular winter destinations like Mount Snow. Wilmington's town amenities, including shops and restaurants, are also easily accessible. This exceptional property offers a blend of natural beauty and convenient access, making it an ideal location for a private residence or commercial venture. The asking price is $389,000.

    Property Features for 0 Spruce Grove Rd

    General Information

    Property type
    Land
    Lot Size
    352,836 SF

    HighLights

    • $389,000 asking price.
    • 8.1‑acre commercial land parcel.
    • Located in Wilmington, VT, zip code 05363.
    • Residential zoning (Res).
    • Features a cleared building site, new driveway, and a VT wastewater permit for a 4‑bedroom dwelling.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Wilmington
    County
    Windham
    State
    Vermont
    Longitude
    -72.9152497
    Latitude
    42.8883059

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    FAQs

    What type of property is this?
    Land - 8.1 Acres, Buildable, Mountain Views
    Where is this land located?
    The property is located at Spruce Grove Rd Wilmington, VT.
    What is the asking price?
    The asking price for this property is $389,000.
    What are key features of this property?
    This property features: $389,000 asking price.; 8.1-acre commercial land parcel.; Located in Wilmington, VT, zip code 05363.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Spruce Grove Rd Wilmington, VT 05363
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