$184,000
MLS#: 1627633
- Type: Land
- Lot Size: 48.5 Acres
Property Details
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.
Property Listed by: EXP Realty
Land Features
Road Frontage:
Private Road
Road Surface Type:
Gravel
Map (approximate)
