NOT LISTED FOR SALE

Estimated Value: $807,000 - $1,050,000

12 Beds
7 Baths
5,174 Sq Ft
$172/Sq Ft Est. Value

Last Sold August 31, 2021

Last sale price $1,400,000 $271 Per Sq Ft

Est. 36% decrease in value since last sale

Current estimated payment $6,347/month

92 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Hot Water Heating System
  • Victorian Architecture
  • Covered patio or porch
  • High Speed Internet

About This Home

As of August 2021

Incredible investment opportunity to own a slice of Burlington with 3 buildings on a large corner lot in a great neighborhood sandwiched between the UVM Medical Center, colleges and the Old North End. The 4-unit apartment building offers four 2-bedroom, 1 bath units all with their own laundry, private covered porches and either attic or basement storage. The neighboring Victorian house features 3 levels of living space including 4 bedrooms, 3 baths, and multiple bonus rooms - perfect for in-home office space or storage. Tenants love the chef’s kitchen with a 6-burner gas stove, butcher block counters and granite breakfast bar. Beautiful Douglas Fir flooring and woodwork throughout. The owner’s suite on the 2nd floor offers a private dressing room and an en-suite bath with tiled shower and separate soaking tub. Although rented for many years, this charming single-family house would make a great owner-occupied home when the tenant’s lease expires. Plenty of parking throughout for both buildings and separate yard space for each as well. And don’t forget the 2- story barn in the back – currently rented as a workshop – lots of potential with this extra building. Plus easy access to I-89, Downtown Burlington, Church Street Marketplace and the waterfront.

Last Agent to Sell the Property

Lipkin Audette Team

Coldwell Banker Hickok and Boardman Listed on: 11/23/2020

Coldwell Banker Hickok and Boardman

Last Buyer's Agent

Lipkin Audette Team

Coldwell Banker Hickok and Boardman Listed on: 11/23/2020

Coldwell Banker Hickok and Boardman

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,125

Year Built

  • Built in 1896

Lot Details

  • 0.38 Acre Lot
  • Corner Lot
  • Lot Sloped Up

Parking

  • Driveway

Home Design

  • Victorian Architecture
  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Slate Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Wood Flooring
  • Unfinished Basement
  • Interior Basement Entry

Outdoor Features

  • Covered patio or porch

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Water Heater
  • High Speed Internet

Community Details

Overview

  • 5 Units

Building Details

  • Operating Expense $40,134
  • Gross Income $121,200
  • Net Operating Income $81,066

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,125

Year Built

Built in 1896

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building, Multi-Family, Victorian
  • Directions: From Main Street, take North Willard Street. Property on right between Henry Street & North Street.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 270.58
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 6901
  • Sq Ft - Apx Total Finished: 5174
  • Year Built: 1896
  • Remarks Public: Incredible investment opportunity to own a slice of Burlington with 3 buildings on a large corner lot in a great neighborhood sandwiched between the UVM Medical Center, colleges and the Old North End. The 4-unit apartment building offers four 2-bedroom, 1 bath units all with their own laundry, private covered porches and either attic or basement storage. The neighboring Victorian house features 3 levels of living space including 4 bedrooms, 3 baths, and multiple bonus rooms - perfect for in-home office space or storage. Tenants love the chef’s kitchen with a 6-burner gas stove, butcher block counters and granite breakfast bar. Beautiful Douglas Fir flooring and woodwork throughout. The owner’s suite on the 2nd floor offers a private dressing room and an en-suite bath with tiled shower and separate soaking tub. Although rented for many years, this charming single-family house would make a great owner-occupied home when the tenant’s lease expires. Plenty of parking throughout for both buildings and separate yard space for each as well. And don’t forget the 2- story barn in the back – currently rented as a workshop – lots of potential with this extra building. Plus easy access to I-89, Downtown Burlington, Church Street Marketplace and the waterfront.
  • L A3 User Code: 3231
  • List Agent: 282798
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Hardwood
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Unfinished
  • Sq Ft - Apx Finished AG: 5174
  • Sq Ft - Apx Unfinished BG: 1727

Exterior Features

  • Construction: Wood Frame
  • Driveway: Concrete
  • Exterior: Wood
  • Foundation: Brick, Stone
  • Road Frontage: TBD
  • Roads: Paved, Public
  • Roof: Slate
  • Features Exterior: Porch - Covered

Garage/Parking

  • Parking: Driveway

Utilities

  • Electric: Circuit Breaker(s)
  • Fuel Company: Vermont Gas
  • Sewer: Public
  • Water: Public
  • Water Heater: Owned
  • Heating Fuel: Gas - Natural
  • Heating: Hot Water
  • Electric Company: Burlington Electric
  • Utilities: High Speed Intrnt -Avail

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 16553
  • Lot Acres: 0.38
  • Lot Description: City Lot, Corner, Sidewalks
  • Surveyed: Unknown
  • Zoning: Residential Low Density
  • Deed Book: 1193
  • Deed Page: 514
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 121200
  • Net Income: 81066
  • Total Units: 5
  • Total2 Bedroom Units: 4
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Year Notes: 2020-2021
  • Tax Gross Amount: 27125.08
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 24, 2022
Sold by
Huston Lincoln
Bought by
Jurassic 132 Llc
Total Days on Market
92
Current Estimated Value
$896,828

Purchase Details

Listed on
Nov 23, 2020
Closed on
Aug 31, 2021
Sold by
Tioli Properties Llc
Bought by
Huston Lincoln
Seller's Agent
Lipkin Audette Team
Coldwell Banker Hickok and Boardman
Buyer's Agent
Lipkin Audette Team
Coldwell Banker Hickok and Boardman
List Price
$1,475,000
Sold Price
$1,400,000
Premium/Discount to List
-$75,000
-5.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-11.20%

Purchase Details

Closed on
Oct 15, 2012
Sold by
True North Properties Llc
Bought by
Tioli Properties Llc
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jurassic 132 Llc -- --
Jurassic 132 Llc -- --
Huston Lincoln $775,000 --
-- $775,000 --
Huston Lincoln $625,000 --
Tioli Properties Llc $1,075,000 --
Tioli Properties Llc $1,075,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2021 08/31/21 Sold $1,400,000 0.0% $271 / Sq Ft
02/23/2021 02/23/21 Pending -- -- --
02/23/2021 02/23/21 Off Market $1,400,000 -- --
01/07/2021 01/07/21 Price Changed $1,450,000 -1.7% $280 / Sq Ft
11/23/2020 11/23/20 For Sale $1,475,000 -- $285 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

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 $16,733 $692,300 $206,000 $486,300
2023 $14,628 $692,300 $206,000 $486,300
2022 $14,522 $692,300 $206,000 $486,300
2021 $30,583 $1,389,500 $455,100 $934,400
2020 $27,125 $881,400 $340,500 $540,900
2019 $25,798 $881,400 $340,500 $540,900
2018 $24,776 $881,400 $340,500 $540,900
2017 $23,476 $881,400 $340,500 $540,900
2016 $22,938 $881,400 $340,500 $540,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4839746

PrimeMLS

APN: (035) 045-1-210-000