Susie Peak Forest is a classic, southern Vermont timberland property whose maturing, northern hardwood-dominated timber resource has been professionally cultivated for many years, culminating in 3 million board feet of quality maple, oak, spruce and ash sawlogs. The property is one of southern Vermont’s largest unencumbered offerings and is available to the market for the first time in over 25 years.
While its investment value is firmly anchored by an impressive timber resource, the property has exceptional land attributes as well. Highlights include multiple access points, near-term sugar bush potential approaching 13,100 taps, and two lease camps. In addition, the property offers prime kingdom lot options with long, upper-elevation views, for those looking to create an accessible weekend estate near the region’s ski centers at Killington, Pico, and Okemo.
Susie Peak is one of the prominent natural landmarks in the towns of Ira and Clarendon in central Rutland County. The property and its surrounding neighborhood are nestled within the northern Taconic Mountains, a series of stunning peaks stretching nearly two hundred miles along the New York, Massachusetts and Vermont borders. Rutland (population 16,000), 9 miles east of the property along the Route 4 corridor, is the regional commercial and shopping hub of south-central Vermont. The Killington/Pico region is 30 minutes to the northeast, while the Okemo Ski Resort is 32 miles to the southeast.
Susie Peak Forest’s multiple entry points create excellent access for timberland investment, recreation and home site development. Toppin Road is a town-maintained artery linking the property and its surrounding neighborhood with Route 133. This well-kept, gravel-surfaced road passes by several very nice residences and a horse farm on its way to the Susie Peak entrance gate and serves as the main entry route to the northern half of the property. The southern half of the property is accessed via a 50’-wide right-of-way extending 0.4 miles from Route 133.
This property has all the classic features of an exceptional hardwood timberland investment and attractive kingdom lot ownership. Susie’s attractive timber investment qualities include strong site productivity, a high percentage of operable ground, well-drained Taconic soils and a long history of forest management. For kingdom lot buyers, Susie offers a private ridge-top forest estate with big views and several potential home site envelopes tucked privately within its bounds. For those interested in diversifying income through sugar bush development, Susie offers concentrated sugar maple stands with 13,100 gross taps and an opportunity for additional expansion over the coming decades.
Susie Peak’s maturing, northern hardwood-dominated timber resource has been professionally cultivated for many years, culminating in 3 million board feet of quality maple, oak, spruce and ash sawlogs. Sugar maple represents 35% of total stocking and over half of the total sawtimber value. The property’s 75 to 80-year-old, late rotation hardwood stands have a considerable sawtimber stocking at this time and are well-positioned for continued biological and asset value growth. Based upon a recent November 2015 inventory, Capital Timber Value (CTV) has been set at $950,200 or $834/acre, a figure making up 82% of the asking price.