Lake Homes Realty
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1266 lake morey rd

Fairlee, VT 05045

$550,000

2 BEDS 2-Full BATHS
0.46 AC LOT
Single Family
Image 1
Bedrooms 2
Total Baths 2
Full Baths 2
Acreage 0.47
Status Off Market
MLS # 4708753
County Orange
More Info
Category Single Family
Status Off Market
Acreage 0.47
MLS # 4708753
County Orange
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.
Location not available

Exterior Features

  • Style Cottage/Camp
  • Construction Wood Frame
  • Siding Clapboard, Wood, Wood Siding
  • Exterior Docks, Building, Deck, Outbuilding, Porch, Private Dock, Window Screens
  • Roof Shingle - Asphalt
  • Garage Yes
  • Water Public Water - On-Site, Spring
  • Sewer Holding Tank, Private, Pump Up
  • Lot Description Lake Frontage, Lake View, Sloping, Steep, Water View, Waterfront

Interior Features

  • Appliances Cooktop - Electric, Freezer, Microwave, Refrigerator, Stove - Electric
  • Heating Forced Air, Gas Heater, Hot Air
  • Cooling Other
  • Basement Finished
  • Year Built 1994
  • Stories 1

Neighborhood & Schools

  • School Disrict Rivendell
  • Elementary School Samuel Morey Elementary
  • Middle School Rivendell Academy
  • High School Rivendell Academy

Financial Information

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