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Investment Highlights
- Prime Location for 5-6 Luxury Homes
- 2 Stocked spring fed ponds on the South end of the property.
- Includes an Updated 4 bedroom Cape with over 2400 sqft of living space walk out part fin basement Garage Huge Rental instant income 4-5000 mo
Executive Summary
Prime development opportunity with over 15 acres and 800+ feet of frontage on Opening Hill Road, located south of Route 80. This property offers a strong combination of immediate usability and future upside.
Key Highlights:
Engineering completed identifying 5 additional ~2-acre buildable lots
Significant road frontage supports subdivision layout and access
Two spring-fed ponds add premium lot appeal and potential value enhancement
Existing 2,446 sq ft 4BR Cape can serve as:
Primary residence during development
Rental income property
Saleable asset to offset project costs
Existing Home Features:
Updated kitchen / family room with elevated water views
2 wood-burning fireplaces
Walk-out basement (partially finished)
Attached garage under
Walk-up attic with expansion potential (ideal for value-add prior to resale)
Development Potential:
Ideal for estate-lot subdivision (2-acre zoning concept already engineered)
Natural topography and water features support premium pricing strategy
Opportunity for phased development while maintaining cash flow from existing structure
Investment Upside:
Pre-engineered lot yield reduces upfront planning risk
Strong appeal for custom home builders or spec developers
Scarcity of large parcels with water features enhances exit value
Property Facts
1 Lot Available
Lot 102//5//
| Price | $1,975,000 | Lot Size | 15.36 AC |
| Price Per AC | $128,580.73 |
| Price | $1,975,000 |
| Price Per AC | $128,580.73 |
| Lot Size | 15.36 AC |
PRIME MADISON DEVELOPMENT OPPORTUNITY 15 ACRES, Fully Surveyed lightly wooded on rural settled country road property includes a 2440 sq ft 4 bedroom 2 bath home completely updated with 2 spring fed, stocked ponds on the southern end of the property,
Description
Family property selling for development. 588 feet of frontage on Opening Hill Road dips down to a rolling meadow and extends West into wooded lots, One building lot could be on Opening Hill with roadway extending to cul-de-sac location with private driveways to the Residences. New Construction Comps at 1.5m for 35--4000 sq 4 bedroom homes.
Property Taxes
| Parcel Number | MADI-000102-000000-000005 | Improvements Assessment | $252,600 |
| Land Assessment | $135,000 | Total Assessment | $387,600 |
Property Taxes
Presented by
441 Opening Hill Rd
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