Seller's Agent in 2024
Sarah Peluso
IPJ Real Estate
(802) 349-8695
99 in this area
288 Total Sales
111 S Main St Middlebury, VT 05753
Estimated Value: $1,190,000 - $1,366,000
9
Beds
7
Baths
5,497
Sq Ft
$228/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Covered Patio or Porch
- High Speed Internet
- Farmhouse Style Home
- Hot Water Heating System
- Level Lot
About This Home
As of July 2024What a location! Just down the street from Middlebury College and historic downtown Middlebury, this incredible investment property is ready for new owners. With a total of 9 bedrooms among six units, the structure retains a lot of its original charm. Several exterior porches allow for outdoor living space and hardwood floors and handsome woodwork appear in the main entry and within some units. Many updates have been done to make it easy to just purchase and go! A brand new sprinkler system was just installed, along with a new natural gas boiler. Most of the units have been freshly painted, and all are currently rented. A list of many recent improvements is attached to the listing. If you are looking for an investment property that is turn key- this might just be the one!
Last Agent to Sell the Property
IPJ Real Estate License #081.0073943 Listed on: 05/24/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,852
Year Built
- Built in 1873
Lot Details
- 0.39 Acre Lot
- Level Lot
Parking
- Gravel Driveway
Home Design
- Farmhouse Style Home
- Stone Foundation
- Wood Frame Construction
- Slate Roof
- Wood Siding
- Clapboard
Interior Spaces
- 7 Full Bathrooms
- 2.5-Story Property
- Unfinished Basement
- Interior Basement Entry
Flooring
- Wood
- Carpet
- Vinyl
Outdoor Features
- Covered Patio or Porch
Schools
- Mary Hogan Elementary School
- Middlebury Union Middle #3
- Middlebury Senior Uhsd #3 High School
Utilities
- Hot Water Heating System
- Heating System Uses Natural Gas
- Gas Available
- High Speed Internet
- Phone Available
- Cable TV Available
Community Details
Overview
- 6 Units
Building Details
- 1 Separate Gas Meter
- Operating Expense $41,700
- Gross Income $96,000
- Net Operating Income $54,300
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 24, 2024
Closed on
Jul 31, 2024
Sold by
Madpun Llc
Bought by
Ross Jacobs Llc
Seller's Agent
Sarah Peluso
IPJ Real Estate
Buyer's Agent
Sarah Peluso
IPJ Real Estate
List Price
$1,200,000
Sold Price
$1,150,000
Premium/Discount to List
-$50,000
-4.17%
Views
13
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,700
Avg. Annual Appreciation
8.48%
Purchase Details
Closed on
Aug 1, 2008
Sold by
Smith William F and Smith Deborah L
Bought by
Madpun Llc
Purchase Details
Closed on
Nov 29, 2005
Sold by
Smith William F
Bought by
Smith William F and Smith Deborah L
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ross Jacobs Llc | $1,150,000 | -- | |
| Madpun Llc | $410,000 | -- | |
| Madpun Llc | $410,000 | -- | |
| Smith William F | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/31/2024 07/31/24 | Sold | $1,150,000 | -4.2% | $209 / Sq Ft |
| 06/04/2024 06/04/24 | Pending | -- | -- | -- |
| 05/24/2024 05/24/24 | For Sale | $1,200,000 | -- | $218 / Sq Ft |
Source: PrimeMLS
Tax History Compared to Growth
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 | $15,265 | $566,000 | $139,000 | $427,000 |
| 2023 | $10,299 | $430,400 | $139,000 | $291,400 |
| 2022 | $10,300 | $430,400 | $139,000 | $291,400 |
| 2021 | $10,368 | $430,400 | $139,000 | $291,400 |
| 2020 | $10,257 | $430,400 | $139,000 | $291,400 |
| 2019 | $10,118 | $430,400 | $139,000 | $291,400 |
| 2018 | $10,011 | $351,500 | $85,600 | $265,900 |
| 2016 | $9,297 | $351,500 | $85,600 | $265,900 |
Source: Public Records
Agents Affiliated with this Home
-
Sarah Peluso
Map
Source: PrimeMLS
MLS Number: 4997190
APN: 387-120-12759
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Copyright 2025 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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