Hazard Pond

Farm Description

FOR SALE BY OWNER FOR RESIDENTIAL LAKEFRONT DEVELOPMENT: FENCED, GATED, PRIVATE, NATURALLY OCCURRING 8.3 /- ACRE DEEPWATER GLACIAL LAKE, ONE OF ONLY AN ESTIMATED 50 IN PENNSYLVANIA AND ONE OF SIGNIFICANTLY LESS THAN 50 WHICH HAVE NEVER BEEN DEVELOPED, ON A TOTAL OF 44 UNDEVELOPED MOSTLY FORESTED ACRES, ZONED RESIDENTIAL. SELLER IS THE ONLY PARTY WITH LAKE RIGHTS. PROPERTY COMES WITH ALL MARCELLUS OIL AND GAS RIGHTS. GREAT FISHING AND HUNTING. COMES WITH WATERFRONT DECK OFFERING PANORAMIC LAKE VIEWS. PARTIALLY FENCED AT A COST OF $42,000. Ideal for vacation homes or a single family waterfront residential development. Comes with two 60' utility and access easements from State Road 307. This is a property for someone who will be attracted to the headline, "Own Your Own Deepwater Lake". Pennsylvania properties with naturally occurring, deep water glacial lakes without dams are rare, and those that have never been developed are rarer still. Of the more than 2,500 water bodies bearing the name lake, there are only an estimated 50 natural, glacial lakes... [see enclosed except from article]. Property is located in the Northeast Pennsylvania Marcellus Shale Dry Gas region which has been described as, ... one of the most prolific shale basins in North America.... Gas royalties in parts of the Marcellus can exceed $25,000/acre (see email excerpt attached). Property comes with all oil and gas rights. No expensive dam or spillway to insure or maintain.

Call us if you want to visit and spend the day to fish, canoe the lake, and hike the Property.

Located In Northeastern Pennsylvania, Lackawanna County, Roaring Brook Township, Pennsylvania 18444. Great Location Approximately 10-15 Minutes' Drive from Scranton, Pennsylvania. Route 307 is 10 miles from Interstate 380 to the south which connects with Interstate 80 in Tannersville, Pennsylvania, 20 miles to the south, the location of The Crossings Premium Outlets in the heart of the Pocono Mountains. The Property, though, is nestled in a heavily wooded, rural area that is adjacent to hundreds of acres of undeveloped, private, forested woodland similar in setting to a remote lake in Canada or the Adirondacks.

Highlights

-Naturally Occurring Deepwater 8.3 +/- Acre Glacial Lake, 20' deep in places with deck. Seller is only party with lake rights.

-The lake contains approximately 2,300 feet of shoreline for lakefront development plus additional acres for development.

-Located in Pennsylvania Marcellus shale gas region; comes with all oil, gas, timber, water, minerals, solar, and wind rights.

-Low property taxes, $1,100 in 2013. Low insurance costs. Partially fenced at a cost of $42,000. Zoned Residential.

-No dam or spillway to maintain. Easy to insure. One of only an estimated 50 naturally-occurring deepwater glacial lakes in Pennsylvania.

-Great fishing and hunting in a spectacular wooded setting similar to Canada or the Adirondacks.

Fishing: The deep water glacial lake is home to a good population of Bass, Perch, Crappies, Bluegills and Sunfish and may support lake trout if stocked. Launching a canoe or kayak is easy from multiple locations along the shoreline.

Hunting: The Property has good populations of deer, bear, turkey, squirrels, grouse, ducks, and geese and is mostly surrounded by other, large wooded parcels.

Potential for Development: See enclosed two proposed residential development plans one with public sewer and one with on-site sewer.

Zoning: The property is zoned residential in an R-1 Low Density Residential District. As per the zoning ordinance, “The intent of the R-1 District is to provide for low density, single-family residential development on lots of sufficient size to safely permit on-site sewage disposal and water supply, and on lots of a reduced size if the lot is served by public sewer.” R-1 zoning requires a two-acre minimum lot size for a home that is served by an onsite sewage system and one acre minimum for a home served by central water and public sewer. Click here to see the Roaring Brook Township Zoning Ordinance Compilation 2010: http://www.puc.state.pa.us/pcdocs/1184920.pdf

Any sale is subject to a mutually agreeable purchase and sale agreement drafted by Seller which shall not be legally binding unless and until fully executed and accepted in writing by both buyer and seller. Seller is under no obligation to continue any negotiations with a prospective buyer, and seller reserves the right to discontinue all negotiations at any time up to the point an agreement is fully executed and exchanged. Buyer may do likewise. Each party shall bear its respective costs incurred during the negotiation process and under no circumstances may seller be held liable as a consequence of its termination of negotiations prior to the execution and exchange of a mutually acceptable purchase and sale agreement.

The sales price is payable 100% in United States dollars. In Seller's sole discretion, Seller may require financial and other buyer prequalification plus a confidentiality agreement before releasing certain information.

Broker Protection Available.