Archive for the 'VT Real Estate' Category

It’s the end of July, and the Barre Heritage Festival is officially underway! With Thunder Road, horse-drawn wagon rides, an art show, and a horseshoe tournament downtown Barre “celebrates the old and embraces the new.”  Starting on July 21st and going until the 25th, the festival centers around the Parade going through Main Street at 11:30 on Saturday. There’s the Rotary Pancake Breakfast and Spaghetti Dinner on the Aldrich Lawn; Quarry tours at Rock of Ages; live music, a silent auction & the farmer’s market in City Hall Park; a 5k Race along the Millstone Trails; Thunder Road at night; Food & Gift Vendors all over downtown and plenty more.

If your interested in finding a home in Barre or anywhere else in central Vermont, call John Biondolillo at BCK Real Estate (802) 479-3366 or check out http://www.bckrealestate.com and email at John@bckrealestate.com.

1806 Notchbrook Road by John Biondolillo

Spring Notchbrook Day

New to the Stowe Vermont market is a new “old” home located at 1806 Notchbrook Road in the Notch Brook Estate subdivision.  This reproduction of an 1840’s Vermont Farmhouse has incredible panoramic views of Spruce Peak and Stowe Resort.  The house was built by Connor Homes of Middlebury, VT.  The Property is listed co-listed by Ken Libby of Stowe Realty and John Biondolillo.
For more information about this Notchbrook home please visit www.notchbrook.com

(Montpelier, VT) by John Biondolillo

As they finished their work on bill (H.485) dealing with the current use program, the Senate Finance Committee made some changes to the version passed by the House earlier this year. There will likely need to be a conference committee between the two bodies to iron out differences.  The proposal needs to address a 1.6 million dollar cut to the program for this year’s budget and budgets going foreword indefinitely.

In order to find the $1.6 million needed for this years budget legislators have decided to impose a one time fee of $127.27 to each owner enrolled in the program.  To maintain the savings in future budgets the proposal changes the way the property transfer tax and the change of use tax are assessed when parcels come out of the program and is sold.  Property sold out of current use are now taxed at a pro-rated rate, these changes would tax property at a fair market rate.

For example an owner of a 100 acre parcel valued under current use program at $50k ($500 per acre) decides to sell 5 acres. Currently the property owner would be taxed on the pro rated value of the 5 acres which means they would pay taxes on $2,500 ($500 per acre x 5 acres =$2,500).  With the change to being assessed at fair market value those same 5 acres could be worth say $3k per acre that would mean the property owner would be taxed on $15k worth of value ( $3,000 x 5 = $15,000).  The end result is a significantly higher tax burden for those selling property out of the current use program.

Part of the House passed version, the moratorium on new parcels being enrolled into the program was taken out of the Senate’s proposal.  Applicants currently in the pipeline can withdraw their applications and will be reimbursed fees incurred because of the changes being proposed to the program.  The new rules and tax increases imposed on the program will go into effect November 1st 2010.  Up until this deadline owners of property enrolled in current use can withdraw parcels from the program under the current guidelines.

If you are looking to buy or sell Vermont land, woodlots, timber land or development parcels call a BCK agent today to discuss your options and current Vermont market conditions.

Barre, VT – by John Biondolillo, BCK Real Estate.  Needleman’s Formal held a ribbon cutting ceremony today in Barre to celebrate their newest store at 75 North Main Street. Vermont Governor Douglas as well as State Senator Bill Doyle and local representatives Tess Taylor and Tom Koch were on hand.  A large contingent from Barre Partnership was also on hand to mark the occasion.

Governor Douglas cuts ribbon at Needleman's Grand Opening in Barre, Vermont

The store which opened in February was the result of a commercial leasing effort by John Biondolillo and BCK Commercial Real Estate.  If you are looking to lease or to rent commercial space in Barre, Montpelier or anywhere else in central Vermont be sure to call (802) 479-3366 today.

by John Biondolillo

This week Sugarbush Resort (Warren, Vermont) announced that they are resuming plans to revitalize the Lincoln Peak Base Area.  The resort accumulated capital through the Federal EB-5 Visa program.

The project involves several phases. Phase One included slope-side condominiums Clay Brook, the Timbers Restaurant and the Gate House Lodge. That phase was completed in December 2006.  The Second Phase is scheduled to begin this month featuring a new plaza entrance as well as two new lodges for the children’s program and guest services respectively.

If you want to experience the ultimate Vermont Lifestyle, a stones throw from the Sugarbush base lodge is the Warren House.   This fabulous 23 acre estate is the perfect retreat for the active family.  Once a Bed & Breakfast, this beautiful English Manor style home features ponds, trails and a lovely garden area. Visit http://www.hamiltonhousevt.com/ for more details or for to learn more about other fabulous Ski properties visit www.BCKrealestate.com.