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Listed by EXP Realty
$ 184,000
48.5 Acres Lot
$ 184,000
48.5 Acres Lot
Key Details
Property Type Land
Listing Status Active
MLS Listing ID 1627633
HOA Y/N Yes
Annual Tax Amount $105
Tax Year 2024
Lot Size 48.500 Acres
Acres 48.5
Source Maine Listings
Property Description
48.5 acres with 545' of waterfront. If you enjoy privacy and the water this property is for you. Ripley Pond cover 248 acres. Boating, Swimming, Fishing. Many options for this property.
This property is under the Maine Tree Growth Tax Program. This program offers tax relief for landowners. Under this 10 year plan a forest management plan is in place. The land can be sustainably harvested for timber. Which allows the owner to make income off the land. The current plan in place can be adopted by new owner, or a new plan put in place within 1 year from purchase. Now there is a penalty to remove the property from this program. This is a 1 time 20% penalty fee on the amount of land that is removed. Will vary in amount due to location of land removed within the 48.5 acres. As long as a minimum of 10 acres remains in Tree Growth program tax benefit will apply. With 48.5 acres you can remove 1 acre for building a camp, placing a pad for a camper. Current owner may consider splitting penalty fee to remove this 1 acre with buyer.
This property is under the Maine Tree Growth Tax Program. This program offers tax relief for landowners. Under this 10 year plan a forest management plan is in place. The land can be sustainably harvested for timber. Which allows the owner to make income off the land. The current plan in place can be adopted by new owner, or a new plan put in place within 1 year from purchase. Now there is a penalty to remove the property from this program. This is a 1 time 20% penalty fee on the amount of land that is removed. Will vary in amount due to location of land removed within the 48.5 acres. As long as a minimum of 10 acres remains in Tree Growth program tax benefit will apply. With 48.5 acres you can remove 1 acre for building a camp, placing a pad for a camper. Current owner may consider splitting penalty fee to remove this 1 acre with buyer.
Location
State ME
County Somerset
Zoning mixed
Body of Water Ripley
Exterior
Parking Features 1 - 4 Spaces, Other
View Y/N Yes
View Scenic
Street Surface Gravel
Road Frontage Private Road
Building
Lot Description Rolling/Sloping, Open, Level, Wooded, Near Town, Rural
Sewer None
Water None
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Rylee Knox
REALTOR® | Lic# BA925468