NOT LISTED FOR SALE

1035 Us Route 5 Derby, VT 05829

Estimated Value: $871,423

11 Beds
6 Baths
5,712 Sq Ft
$153/Sq Ft Est. Value

Sale Details

Date Sold: December 23, 2022

Last sale price $740,000 $130 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $5,509 / mo

90 Days on Market

Highlights

  • Barn
  • Deck
  • Farm
  • Mountain View
  • Hilly Lot
  • Stream or River on Lot

About This Home

As of December 2022

Investors take note - you don’t want to miss out on this unique opportunity. Built in 1783, this former farmhouse has been reconfigured and modernized to create seven bright, comfortable apartments with charming touches from the original farmhouse, like exposed beams. There are four 2-bedroom apartments and three 1-bedroom apartments, ranging in size from 600 to 1,200 square feet, with separate electric and heat for each unit. Set on 16+ country acres, the grounds are beautifully landscaped, with vegetable garden space available to tenants. With both residential and commercial zoning, the historic 50'x100', three-story post & beam barn could be transformed into a venue space, rented out as storage space, or designed for other uses, and there is further development potential for the land. The buildings sit on over 16 acres of mainly open land with lovely hay fields and pasture. Set your imagination free and imagine the possibilities. Located just minutes from I-91 and only 6 miles from North Country Hospital and downtown Newport, this location would be a draw for those working in the Derby/Newport area and beyond. Quality rentals are in high demand, and there is likely room to increase revenue given that rents have increased in recent years. Schedule an appointment today to come see this special property. One seller is a VT Licensed Real Estate Agent.

Last Agent to Sell the Property

Nicholas Maclure

Century 21 Farm & Forest License #081.0004483 Listed on: 07/15/2022

Century 21 Farm & Forest

Last Buyer's Agent

Nicholas Maclure

Century 21 Farm & Forest License #081.0004483 Listed on: 07/15/2022

Century 21 Farm & Forest

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,560

Year Built

  • Built in 1783

Lot Details

  • 16.36 Acre Lot
  • Landscaped
  • Open Lot
  • Lot Sloped Up
  • Hilly Lot
  • Garden

Parking

  • 8 Car Garage
  • Carport
  • Circular Driveway
  • Gravel Driveway
  • Assigned Parking

Property Views

  • Mountain Views
  • Countryside Views

Home Design

  • Post and Beam
  • Farmhouse Style Home
  • Concrete Foundation
  • Stone Foundation
  • Poured Concrete
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding
  • Metal Siding
  • Vinyl Siding

Interior Spaces

  • 6 Full Bathrooms
  • 5,712 Sq Ft Home
  • 3-Story Property

Flooring

  • Softwood
  • Laminate
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Walk-Up Access
  • Exterior Basement Entry
  • Dirt Floor
  • Crawl Space

Eco-Friendly Details

  • ENERGY STAR Qualified Equipment for Heating

Outdoor Features

  • Stream or River on Lot
  • Deck
  • Outdoor Storage
  • Outbuilding

Schools

  • Derby Elementary School
  • North Country Junior High
  • North Country Union High Sch

Farming

  • Barn
  • Farm

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Separate Meters
  • Individual Controls for Heating
  • Well
  • Drilled Well
  • Oil Water Heater
  • Water Purifier
  • Mound Septic
  • Septic Tank
  • Septic Design Available
  • Leach Field
  • High Speed Internet
  • Phone Available

Community Details

Recreation

  • Snow Removal

Building Details

  • Operating Expense $79,367
  • Gross Income $110,160
  • Net Operating Income $78,767

Additional Features

  • 7 Units
  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,560

Year Built

Built in 1783

Lot Details

16.36 Acres

Parking

8

Listing Details

  • Status Detail: Closed
  • Style: Farmhouse, Multi-Family, Multi-Level, Post And Beam
  • Directions: Take I-91 North to Exit 28 and turn right onto Route 5 and turn left at the 3-way stop sign. The property is about 2 miles on the right, as you head down the hill.
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 129.55
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 6616
  • Sq Ft - Apx Total Finished: 5712
  • Year Built: 1783
  • List Agent: 22563
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Flooring: Combination, Hardwood, Laminate, Softwood, Vinyl, Wood
  • Total Rooms Above Ground: 30
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Bulkhead, Concrete, Crawl Space, Dirt Floor, Full, No Tenant Access, Unfinished, Exterior Access
  • Sq Ft - Apx Finished AG: 5712
  • Sq Ft - Apx Unfinished BG: 904

Exterior Features

  • Construction: Wood Frame
  • Driveway: Circular, Gravel, Paved
  • Exterior: Aluminum, Metal, Vinyl Siding, Wood
  • Foundation: Concrete, Fieldstone, Poured Concrete, Stone
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Metal
  • Features Exterior: Barn, Deck, Garden Space, Natural Shade, Outbuilding, Storage

Garage/Parking

  • Garage Capacity: 8
  • Parking: On-Site
  • Garage: Yes
  • Garage Description: Assigned
  • Garage Type: Carport

Utilities

  • Cable Company: Comcast Xfinity
  • Electric: Circuit Breaker(s)
  • Fuel Company: Fred's Energy
  • Sewer: 1500+ Gallon, Concrete, Leach Field, Leach Field - Mound, Mound, On-Site Septic Exists, Septic Design Available
  • Water: Drilled Well, On-Site Well Exists, Purifier/Soft
  • Water Heater: Off Boiler, Oil, On Demand, Owned, Tank
  • Heating Fuel: Gas - LP/Bottle, Oil
  • Heating: Baseboard, Direct Vent, Energy Star System, Forced Air, Hot Water, Individual, Monitor Type
  • Electric Company: VT Electric Coop
  • Separate Utilities: Yes
  • Total Electric Meters: 9
  • Total Heat Units: 7
  • Total Ranges: 7
  • Total Refrigerators: 7
  • Trash: Recycle, Tenant
  • Utilities: Internet - Cable, Telephone At Site

Condo/Co-op/Association

  • Association Amenities: Snow Removal, Landscaping, Storage - Indoor

Fee Information

  • Tax Class: Non-Homestead

Schools

  • Elementary School: Derby Elementary
  • High School: North Country Union High Sch

Lot Info

  • Lot Sq Ft: 712642
  • Lot Acres: 16.36
  • Lot Description: Country Setting, Farm, Farm - Horse/Animal, Field/Pasture, Hilly, Landscaped, Major Road Frontage, Mountain View, Open, Rolling, Stream, View
  • Surveyed: Yes
  • Zoning: Commercial & R2
  • Deed Book: 250
  • Deed Page: 147-148
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 110160
  • Net Income: 78767
  • Sale Includes: Barn, Land/Building
  • Total Full Baths: 6
  • Total Units: 7
  • Total1 Bedroom Units: 3
  • Total2 Bedroom Units: 4

Tax Info

  • Tax Gross Amount: 9559.87
  • Tax Year: 2021

MLS Schools

  • School District: North Country Supervisory Union
  • School Middle Jr: North Country Junior High

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2022
Closed on
Dec 23, 2022
Sold by
Moore Nancy P and Provost Cecile L
Bought by
Seller's Agent
Nicholas Maclure
Century 21 Farm & Forest
Buyer's Agent
Nicholas Maclure
Century 21 Farm & Forest
List Price
$849,000
Sold Price
$740,000
Premium/Discount to List
-$109,000
-12.84%
Views
34
Current Estimated Value
$871,423

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,423
Avg. Annual Appreciation
5.52%

Purchase Details

Closed on
May 1, 2012
Sold by
Faignant John Paul and Faignant Melissa
Bought by
Moore Nancy P and Sexton Gary M

Purchase Details

Closed on
Jan 27, 2011
Sold by
Faignant John Paul
Bought by
Faignant Melissa

Purchase Details

Closed on
Feb 10, 2009
Sold by
Faigant John Paul
Bought by
Paradis Ralph

Purchase Details

Closed on
Jan 23, 2008
Sold by
Faignant Amber
Bought by
Faignant John Paul

Purchase Details

Closed on
Oct 23, 2000
Sold by
Provost Richard F and Provost Regina C
Bought by
Provost Richard F Rev Trust and Provost Regina C Rev Trust
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$740,000 --
Moore Nancy P $205,000 --
Faignant Melissa -- --
Paradis Ralph $100,000 --
Faignant John Paul -- --
Faignant John Paul -- --
Provost Richard F Rev Trust -- --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/23/2022 12/23/22 Sold $740,000 -12.8% $130 / Sq Ft
10/13/2022 10/13/22 Pending -- -- --
07/15/2022 07/15/22 For Sale $849,000 0.0% $149 / Sq Ft
10/08/2018 10/08/18 Rented $1,200 0.0% --
09/30/2018 09/30/18 For Rent $1,200 -- --
Source: PrimeMLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $8,682 $474,600 $70,900 $403,700
2024 $10,764 $474,600 $70,900 $403,700
2023 $9,188 $474,600 $70,900 $403,700
2022 $9,187 $474,600 $70,900 $403,700
2021 $9,560 $474,600 $70,900 $403,700
2020 $9,863 $474,600 $70,900 $403,700
2019 $9,536 $467,100 $61,500 $405,600
2018 $9,365 $467,100 $61,500 $405,600
2017 -- $467,100 $61,500 $405,600
2016 $8,763 $467,100 $61,500 $405,600
2015 -- $4,671 $0 $0
2014 -- $4,641 $0 $0
2013 -- $3,366 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4921106

PrimeMLS

APN: 177-056-12021

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