Corinth, VT | 1343 Chelsea Road

Description

This is a project property, and buyers should go in with eyes open. It will likely need to be a cash sale or a loan with at least 20-25% down. The existing home is a manufactured home in poor condition. In its current state it is not a move-in-ready house. Realistically, most people who have looked at it think it needs to be torn down, and full replacement should be assumed in your budgeting. The property sits on 8.5 acres along Meadow Brook, and it is located in a flood zone. Buyers should review FEMA flood maps and factor in flood insurance costs before making an offer. Water and septic are both unknowns. The dug well is shallow and has a known history of running dry. The septic system's type and condition are unknown. No reliable records or details are available for either system. Buyers should budget for inspection and likely repair or replacement of both. The solid assets are the scenic nature of the property and the two-story gambrel barn: two garage bays, a concrete floor, built-in workbenches, a workshop, a metal roof, and a large upper level. It could serve as storage or a workshop. Buyers should not rely on the limited information here and must complete their own full due diligence on the home, the well, the septic, the flood-zone status, and all systems. Priced at $115, 000, this is a land-and-barn opportunity with a teardown likely, best suited to a contractor, builder, or cash buyer prepared for significant work and cost.