NOT LISTED FOR SALE

10 Chalet Heights Mendon, VT 05701

Estimated Value: $873,631

Studio
-- Bath
12,232 Sq Ft
$71/Sq Ft Est. Value

Last Sold September 30, 2021

Last sale price $650,000 $53 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $5,411/month

5 Days on Market

Highlights

  • 10.1 Acre Lot
  • Mountain View
  • Wooded Lot
  • Barstow Memorial School Rated A-
  • Secluded Lot
  • Landscaped

About This Home

As of September 2021

This prime investment property consists of a total of 13 rental units. 1 commercial unit leased to the Day Care center , 8 two bedroom, 1 one bedroom and 3 studio apts. All units are in good condition, and are in compliance with VT state fire code. All units are modern with amenities such as fireplaces, washer dryer hook ups, dishwashers and beautiful views. Most tenants are long term professional working people who take pride in where they live. This is an extremely easy to manage property. Consisting of more than 10 acres, it easily lends itself to additional uses and expansion, prime rt 4 frontage for commercial use, and various sites to build more apts on. Property is serviced by two wells, each classified as small scale non community. The new well has an output of 110 gpm and will easily support more units. This property is a cash cow. Cap rate more than 12% NOI is over $80K For More information Call Mike Kalil 802-342-8899 or email mike.kalilrealestate@gmail.com

Last Agent to Sell the Property

Mike Kalil

Watson Realty & Associates License #081.0095645 Listed on: 05/12/2021

Last Buyer's Agent

Mike Kalil

Watson Realty & Associates License #081.0095645 Listed on: 05/12/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,883

Year Built

  • Built in 1965

Lot Details

  • 10.1 Acre Lot
  • Landscaped
  • Secluded Lot
  • Lot Sloped Up
  • Wooded Lot

Parking

  • Gravel Driveway

Property Views

  • Mountain Views
  • Countryside Views

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 12,232 Sq Ft Home
  • 2.5-Story Property
  • Basement
  • Walk-Up Access

Schools

  • Barstow Memorial Elementary And Middle School
  • Choice High School

Utilities

  • Space Heater
  • Heating System Uses Gas
  • Heating System Uses Kerosene
  • Heating System Uses Oil
  • Baseboard Heating
  • 100 Amp Service
  • Drilled Well
  • Electric Water Heater
  • Septic Tank
  • High Speed Internet
  • Phone Available

Community Details

Overview

  • 13 Units
  • E P Management Association

Building Details

  • Operating Expense $32,842
  • Gross Income $130,800
  • Net Operating Income $87,075

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,883

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Construction: Existing
  • Total Stories: 2.5
  • Price Per Sq Ft: 53.14
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 12532
  • Sq Ft - Apx Total Finished: 12232
  • Year Built: 1965
  • List Agent: 21713
  • L O1 Homesnapcom: Yes
  • S O1 Homesnapcom: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Concrete
  • Sq Ft - Apx Finished AG: 12232
  • Sq Ft - Apx Unfinished BG: 300

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Wood
  • Foundation: Concrete
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Metal, Shingle - Asphalt

Utilities

  • Cable Company: Comcast
  • Electric: 100 Amp, Circuit Breaker(s)
  • Fuel Company: Johnson Energy
  • Sewer: Septic
  • Water: Drilled Well
  • Water Heater: Electric, Off Boiler
  • Heating Fuel: Electric, Gas - LP/Bottle, Kerosene, Oil
  • Heating: Baseboard, Hot Air, Space Heater
  • Electric Company: Green Mountain Power
  • Utilities: Dsl, High Speed Intrnt -Avail, Phone

Condo/Co-op/Association

  • Management Company: E P Management

Fee Information

  • Tax Class: Non-Homestead

Schools

  • Elementary School: Barstow Memorial School
  • High School: Choice

Lot Info

  • Lot Sq Ft: 439956
  • Lot Acres: 10.1
  • Lot Description: Country Setting, Landscaped, Mountain View, Rental Complex, Secluded, View, Wooded
  • Surveyed: Unknown
  • Zoning: Mixed
  • Deed Book: 94
  • Deed Page: 56-57
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 130800
  • Net Income: 87075
  • Total Units: 13
  • Total1 Bedroom Units: 4
  • Total2 Bedroom Units: 8

Tax Info

  • Tax Gross Amount: 10883
  • Tax Year: 2021

MLS Schools

  • School District: Mendon School District
  • School Middle Jr: Barstow Memorial School

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2021 09/30/21 Sold $650,000 -5.1% $53 / Sq Ft
05/17/2021 05/17/21 Pending -- -- --
05/12/2021 05/12/21 For Sale $685,000 -- $56 / Sq Ft
Source: PrimeMLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 -- $755,600 $220,300 $535,300
2023 -- $755,600 $220,300 $535,300
2022 $12,544 $755,600 $220,300 $535,300
2021 $12,120 $755,600 $220,300 $535,300
2020 $10,884 $485,000 $168,300 $316,700
2019 $10,347 $485,000 $168,300 $316,700
2018 $0 $485,000 $168,300 $316,700
2017 $9,504 $485,000 $168,300 $316,700
2016 $9,854 $485,000 $168,300 $316,700
2015 -- $4,850 $0 $0
2014 -- $4,850 $0 $0
2013 -- $4,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4860313

PrimeMLS

APN: 384-119-12530

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