House Description:
Cozy and picturesue Gambrel roofed 1940’s converted horse barn farmhouse, 1290 ft2, 25 minutes from Montpelier and 30 minutes from St Johnsbury located in Winooski River valley in the shadow of stupendous Lord's Hill. Two bedroom, 1 1/4 bath, two-story home. Spacious living room, open dining area and remodeled kitchen with soapstone bar. Wide plank salvaged wormy butternut floors, trim and craftsman style artistic details throughout. Front covered porch with arts & crafts style trim and wrap around deck with pergola & kiwi vines. Double sliding doors open to deck and open vista of actively hayed organic fields. New white Danish ceramic wood stove hearth and new custom triple-insulated front door. New wall mounted propane heating units upstairs and downstairs. Stand alone, light-filled, heated and insulated 3-season studio-annex space with sleep set-up. New outdoor 4-person hot tub, outdoor shower, sink and firepit. Professionally designed Japanese style landscaping including flagstone walkways, pebble, boulder, fern and evergreen motif. Mature apple trees. Stand alone quaint woodshed and shingled toolshed.

Best of all, you can hear the peepers from bed in the spring, listen to the birds and crickets from the porch throughout the summer, hike through incredible leaves in the fall, marvel at the full moon rise over the barn and admire the glorious landscape right outside your window all year long. We will miss it.

Land Description:
Purchase includes 33 percent ownership share of 187 acre land cooperative preserved by the Vermont Land Trust. Land ownership is shared with two adjacent neighbors. The house is located on the periphery of the former dairy farmyard, in close proximity to other co-op members' homes. Yard is landscaped for ample privacy. Forty acres are open and the remaining 147 acres are actively managed mixed hardwood/softwood in the VT Current Use program. Each home includes a yard for private use. Land taxes, insurance and incidental costs split equally with fellow co-op members via a monthly $150 carrying charge. Jointly-owned greenhouse and outdoor wood-fired clay bread oven. Walking meditation labyrinth. Traditional exterior dairy farm buildings on property including a 3 story barn (not included in this sale as they are owned by one neighbor). Co-op bylaws and land lease documents must be signed by the purchaser.

Former home of Wellspring Farm CSA, a community-based organic vegetable farm. Half-mile Winooski river frontage with swim holes. Multi-season, mixed-use former railroad bed runs through the wooded portion of the property which also provides access to State-owned old growth forest. Both neighbors are part-time, retail food producers with plans to share agricultural land use. One neighbor owns a grass-fed beef and diversified farm, research and education business which is transitioning onto the land over the next 2 years. Smaller amounts of agricultural land are available for homesteading and/or small-scale agricultural businesses. All use of common land is negotiated with the greater cooperative.

Contact:
Mimi Arnstein, mimiarnstein@gmail.com and Parker Nichols, parker@vermontwildwoods.com
All inquiries should include confirmation that the interested party is pre-qualified for a mortgage.*


*Land Co-operative Share Price & Mortgage Limitations:
The shared ownership model of the Wellspring Land Cooperative (WLC) is split into 3 shares. The buyer will be purchasing a 33% ownership share. Each share has a fixed value of $27,200. To date, no lending institution has been willing to lend funds via a traditional mortgage to cover the share cost of $27,200 due to the land’s cooperative ownership structure. Therefore the buyer will have to secure funding in the form of a personal loan or cash equivalent for the $27,200 in addition to any down payment required for the mortgage.
Stated otherwise:
Home and ground lease of 1 acre: $327,000 (eligible for mortgage)
WLC Ownership share price: $27,200 (not covered by mortgage)
Total price: $354,200