- beds
- 9
- baths
- 2
- sq ft
- 11,500
- Built
- 1920
199 Summer Street
Springfield, VT 05156
Residential · Active Under Contract · MLS #5092901
Listing Courtesy of OwnerEntry.com | Dave White
The home
About this home
Price Reduced after just 3 weeks on market! Priced to sell. Set on approximately 2.5 acres, the property includes a roughly 11,500 sq. ft. former school building with road access, municipal water and sewer, and Medium Density Residential zoning. This property offers significant potential for multifamily housing, residential development, or a mixed-use concept. Potential redevelopment paths include converting the building into 8 rental apartments, daycare or educational space, community space, or a mixed-use project. The larger site may also support additional development concepts, including approximately 12 small homes, subject to permitting. Springfield continues to benefit from 10G fiber availability, access to I-91, Springfield Hospital, and proximity to Okemo, and Woodstock. With existing residential zoning this property is well-suited for developers or investors. Floor plan and inspection available upon request.
Property information
Details at a glance
Interior3 property facts
- Rooms
- 12
- Heating
- Hot Water, Radiant
- Cooling
- None
Building6 property facts
- Style
- Condominium
- Year built
- 1920
- Garage
- 20
- Parking
- 20
- Foundation
- Brick/Mortar, Other
- Roof
- Other
Land & utilities4 property facts
- Lot size
- 2.5 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- r
Financial2 property facts
- Annual taxes
- $3,793
- Assessment year
- 2025
Plan your purchase
Estimated monthly cost
Explore costs at the $199,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$1,322 / monthAdjust
- Principal & interest
- $1,006
- Property tax
- $316
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $3,793. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
Listing history
Price and status timeline
No additional listing history is available for public display.
Compare with confidence
Price & market context
See how this home compares with active listings in Springfield.
| Metric | This home | Local listings |
|---|---|---|
| List price | $199,000 | $299,95034% below local |
| Price / sq ft | $17 | $20191% below local |
| Days on market | 50 | 492% above local |
Active city listing statistics from PrimeMLS as of September 11, 2026. Asking prices are not completed-sale values.
Keep exploring
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Common questions
About 199 Summer Street
Can I request a private showing?
Request a tour of 199 Summer Street and a Bean Group agent will help coordinate an available time with the listing side.
Can you help me evaluate this property?
Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
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