Gensburg Farm - 214 Acres for sale, with house - Lyndon, VT

Posted on November 25, 2018Last updated 2 weeks ago

The Land

Property Owner:

Farmer or farm family

Property Location:

Hunter Farm Road, Lyndon, Vermont

Total number of acres available with this property:

151-300

Acres of cropland or tillable land:

21-50

Acres of pasture:

21-50

Acres of forested land:

51-100

Soils map:

Is the property enrolled in a current use or other state program that affects property taxes?:

Yes

Is the property protected with any type of Conservation Easement?:

Yes

Is there a forest management plan for forestland on the available property?:

Yes

Is the property certified organic, or does it qualify for organic certification under federal organic regulations?:

No
Farm Information

Water sources present

Available

Types of water sources present

Drilled well

Water sources details

Water is provided by a drilled well.

Barns, sheds or other structures

Available

Farm infrastructure details

The property includes an old barn used for storage and housing livestock. The barn is 60’x130’. The lower level was used as a dairy barn and an upper level for hay storage. No milking equipment remains in the barn.

Farmer housing

Available

Farmer housing details

The property includes a three-bedroom farmhouse in good condition.

Equipment and machinery

None available
Tenure Arrangement

Tenure arrangement

Property for sale

Property for sale

The Vermont Land Trust’s Farmland Access Program has teamed up with the owner to find a new farmer to buy the land and run a commercial farm business. Interested farmers will need to submit a proposal (detailed below). The Vermont Land Trust (VLT) and its advisory committee will then select a proposal as part of a competitive process. Sale Price $310,000. Transition Timeline The farm will be vacant on April 1, 2019. Once a buyer is selected, the owner will sign a purchase and sales contract with the buyer. When a buyer has secured financing, a closing date will be set.

Sale price

$300,000-$400,000
Additional Information

Description

The 214-acre Gensburg Farm is located at the end of Hunter Farm Road in Lyndon about five miles from Interstate 91. East Burke, a mountain biking and tourism village, is located a couple miles to the north, and Burke Mountain Ski area is four miles away. The property includes a three-bedroom farmhouse in good condition and an old barn used for storage and housing livestock. The barn is 60’x130’. The lower level was used as a dairy barn and an upper level for hay storage. No milking equipment remains in the barn. Ninety acres are used for hay and pasture. The soils include Buckland and Dummerston fine sandy loam soils. Water is provided by a drilled well. The land is enrolled in the Current Use program and has an up-to-date forest management plan. Property taxes for 2018 were $4,648. The farm includes a 2,000-tap maple sugarbush.

Purchase Price of the Farm

The purchase price of the farm is $310,000. The appraised value of the farm subject to the conservation easement (see below) is $425,000; however, the owner has agreed to sell the farm for $310,000.

Conservation Easement

The farm will be sold subject to a perpetual farmland conservation easement that will allow all types of agricultural uses and new agricultural structures. The conservation easement will include the option to purchase at agricultural value. This option allows VLT to buy the farm at its agricultural value should the buyer (or a future owner) attempt to sell the farm to a non-farmer. This provision helps ensure the availability of the property to future farmers. Additional farm labor housing may be constructed with prior approval within a designated area.

Open Houses

We are hosting one open house for potential buyers on December 15 from 10 am–2 pm.

Go to www.vlt.org/gensburg or 802 533-7705 for more information

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