Buildable Lot Package in Latham/Colonie Area (North Colonie School District) Available

  • $97,500

Lot Map:

https://drive.google.com/drive/folders/1Hzv6ouOgFiK8uC5PEA3Eo7DE5rigGP0-?usp=sharing

Comps for new builds:

https://globalmls.paragonrels.com/publink/default.aspx?GUID=c95c98d2-5050-4bea-99e3-1fba7b7e01ae&Report=Yes

Mountain View Road Lots: Seller would be open to seller financing for both lots with 20% down. The rate can be 4-5%. Terms could be worked out so there can be a low payment with a balloon at the end of 5 years. Basically, this seller is willing to hold the note while the end buyer seeks building plan approval for the Mt View Lots.

The town has a 7-page package/pamphlet for perspective zoning variance applicants which explains the legal precedents needed to be approved for a use variance criteria.

For more info, please contact the town directly and ask for Joe Mahan. He can be reached at the main number which is 518-783-2706.

 

Price:
$97,500
Address:
Mt. View Rd
Colonie, NY
Lot Size:
1.65 Acres
Terms:
Assignment of Contract
Property Type:
Land

Additional Features

16 Mt. View Ave. (012689 20.1-1-45) .92 Acres 17 Mt. View Ave. (012689 20.1-1-47) .73 Acres North Colonie School District *Please note: the address for these lots at times pulls up as Mt. View AVE vs. Mt. View RD. More detail from discussions with the town: For the lots in a single-family residential zone the requirement to build a single-family (the only thing legally allowed without a variance) is 80 feet of frontage and 1800 sqft lot size. Plenty of frontage on lots. For a triplex builder will need to get a use variance, which goes through Joe Mahan directly. For anything other than a single-family residence or a combination of new lots, builder would need a variance. For an approved variance, this is the criteria a builder would need to meet/prove: 1. If builder is unable to get a reasonable rate of return for the zoning use it is allowed for 2. Property is affected by unique or highly uncommon circumstances for current zoning. 3. And it can’t be a self-created hardship (builder is tasked with knowing the zoning when property is purchased) The town has a 7-page package/pamphlet for perspective zoning variance applicants which explains the legal precedents needed to be approved for a use variance criteria. For more info, please contact the town directly and ask for Joe Mahan. (518)It is a single-family residential zone so the requirement to build a single-family, which is the only thing you were legally allowed to do without a variance, is 80 feet of frontage and 1800 sqft lot size Plenty of frontage Kenwood is not an approved street so you cannot use that as frontage, and there’s almost 290 feet of frontage between the Kenwood and Troy have properties For a triplex we will need to get a use variance, which goes through Joe Mahan directly. For anything other than a single-family residence or a combination of new lots, we would need a variance. He says it looks about right to combine 7 & 9 Kenwood and have 39 Troy as a separate to develop both. To meet the use variance criteria we have to I need the following: 1. Can’t get a reasonable rate of return for the use it is allowed for 2. Have to have a unique property and it has to maintain a character of the area 3. And it can’t be a self created hardship (you are tasked with knowing the zoning when bought) There is a pamphlet for perspective zoning variance applicants which explains the legal precedents needed to be approved for a use variance criteria. About a 7 page packet. Joe Mahan can be reached at the main number which is 518-783-2706.

Call (518) 633-1168 for more details

Property Location