Located adjacent to "Derby Road," this 0.21-acre corner lot is situated within an industrial park. Boasting a spacious and level layout, the property is fully serviced with city water/sewer, power supply, and dual road frontage. Following an assessment by the city, the lot has been deemed suitable for accommodating a 1,500 sq ft structure alongside 8 parking spaces. This prime location offers a canvas for innovative ventures such as food trucks or retail establishments. Qualified buyers can explore owner financing opportunities extended by the sellers according to mutually agreed terms.
Property Details
Property Features
Listing Office:
Office Name: Century 21 Farm & Forest
Office Phone: (802) 334-1200
Listing Agent: Lyell Reed
Lot Features
Lot Information:
Lot Size: 0.20 Acres
Other
Directions Information:
Directions: From jct of E Main & Western Ave travel east on E Main for 0.7-mi, bear right onto Industrial Dr, first lot on left.
Price Information
Listing Price Info
Price Summary:
List Price: $99,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Newport, VT.
Housing Market Reports are calculated by Rocket Homes Real Estate, LLC and based on information from the MLS. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/21/2024, 12:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$562
Per Month
Principal & Interest
$495
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$363
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Newport City Elementary School
166 Sias Ave
Distance between this listing and this school0.50 miles
Public District Grades PK-6
4
/10
Derby Elementary School
907 Elm St
Distance between this listing and this school4.96 miles
Public District Grades PK-6
3
/10
Newport Town School
4212 VT Route 105
Distance between this listing and this school6.12 miles
Public District Grades PK-6
Nearby Schools
5
/10
North Country Union Junior High School
57 Junior High Dr
Distance between this listing and this school2.47 miles
Public District Grades 7-8
4
/10
Coventry Village School
348 Route 5
Distance between this listing and this school7.02 miles
Public District Grades PK-8
5
/10
Brownington Central School
103 Chase Rd
Distance between this listing and this school8.91 miles
Public District Grades PK-8
Nearby Schools
4
/10
North Country Union High School
209 Veterans Ave
Distance between this listing and this school1.07 miles
Public District Grades 9-12
5
/10
Lake Region Union High School
317 Lake Region Rd
Distance between this listing and this school11.39 miles
Public District Grades 9-12
9
/10
Craftsbury Schools
1422 N Craftsbury Rd
Distance between this listing and this school22.36 miles
The neighbors living near this home have an average income of $39,245. The most common annual income of people living in Newport, VT is between $35k-100k. The majority of families are single, no kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 11 Industrial Dr
What is the listing price of this property?
The listing price of 11 Industrial Dr property is $99,000.
What type of property is this?
The property 11 Industrial Dr is land located in Newport City, Vermont, 05855.
Is this property for sale now?
Active Listing: 11 Industrial Dr is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 11 Industrial Dr in Newport City, VT and zip code 05855. This home sits on a 0.20 acre lot. It has been listed on Rocket Homes since August 27, 2024 and is currently priced at $99,000.
Between September 2024 and October 2024, Newport, VT real estate market has seen increase in the number of listings by 75%. In October 2024, listings were on the market for 71 days. During the same period, the median list price in this real estate market was $297,000.
From Rocket Homes Real Estate and based on county public records data.