Georgetown Land for Sale
In Essex County approximately 28 miles north of the city of Boston rests Georgetown Massachusetts. The 13.2 square miles of territory was settled in 1639. The small coastal village has grown in population over time and now boasts roughly 8,183 townspeople. Topography encompassing the town embraces several bodies of water including lakes, rivers, ponds, and streams. The additional landscape consists of forests, hills, and coastal plain. Transportation routes to and from the town include Interstate 95, Route 133, and Route 97. Neighboring towns and cities are Groveland, Newbury, Rowley, and Boxford. The community entails of residential, commercial, and industrial districts.
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Land for Sale
Reasons to Invest in Property in Georgetown
A small friendly town atmosphere envelope all who come here. The town offers its own municipal school district providing a great education to all school-age children. Historic village visitors and residents can explore and experience a sense of history at the Brocklebank-Nelson-Beecher House which was built around 1668. The area has several expanses of protected terrain including Georgetown-Rowley State Forest, Crane Pond Wildlife Management Area, Lufkins Brooks Area, and the Boxford State Forest. A great place to raise a family with safe neighborhoods and lots of activities. Hours of fun can partake at the local beaches and dog park.
Buyers that would be interested in purchasing property in the community are cash buyers, those wanting to build their own home, and small businesses.
Cash buyers can find several advantages to purchasing vacant lots such as lower rates with motivated sellers that may be willing to negotiate. Buyers will find that with no financing payments they are freer to use the land as desired without the overseer of the funding company. A tax break can be granted since the property can serve as a tangible asset.
People searching for a place to build their dream home will also find benefits including less competition with more searching for already built houses. Owners will find that they can save money by installing energy efficient products during the construction process. A customized home can be built per desires of the titleholder.
Small business can also take advantage with direct ownership giving them a reward of not having to pay a monthly lease. Fewer and cheaper expenses can be achieved with no need for overhauls. One reward is the ability to live and work in the same town with the pride that comes from being part of the community.
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Types of Developments and Zoning Restrictions
Communities have zoning laws to protect the limited resources they have. These zones are set up so that the residents and other local developments are protected from new developments. This ensures that the community remains balanced and that an area is not overdeveloped. Some of the more common zones are as follows:
- Rural: This is an area set aside for farms and other open land projects.
- Environmental: These areas are set aside to protect sensitive environmental areas such as wildlife habitats and wetlands.
- Historical: This property is set aside for the protection of historically significant structures or areas of value to the history of the city.
- Aesthetic: The city requires structures to look a certain way. This helps to preserve the original feel of the city.
- Residential: This is the area designated for single-family homes, apartments, Condos, and other residential uses.
- Commercial: This is the location of Retail stores, offices, restaurants, and theaters. This property is set aside for mixed-use developments as well. This is the combination of residential homes and storefronts.
- Industrial: These locations are where major manufacturing takes place. Some of these businesses include Auto factories, power plants, and other heavy manufacturing companies.
Some developments can have exemptions to the zoning code or the actual zone can be changed depending on the type of development being considered. In order to do this, a plan needs to be presented to the city for their approval.
Examples of Potential Property Costs
A flat cleared single-family zoned a residential lot with around 1 acre could sell for approximately $220,000.
Gently sloped forested wetlands zoned for commercial use and around 13 acres might retail for close to $500,000.
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Land for Sale