NOT LISTED FOR SALE

Estimated Value: $498,000 - $706,000

6 Beds
2 Baths
2,595 Sq Ft
$227/Sq Ft Est. Value

Last Sold April 20, 2018

Last sale price $360,000 $139 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $4,049/month

44 Days on Market

Highlights

  • Colonial Architecture
  • Garden
  • High Speed Internet
  • Wood Flooring
  • Baseboard Heating
  • 1-minute walk to Little Park

About This Home

As of April 2018

Great Income-Producing Duplex in the Heart of the Old North End! Located on a nice city lot with big backyard, plenty of off street parking and walking distance to everything the City of Burlington has to offer ensures these units desirability and ability to rent for top dollar! Currently bringing in $3,200 a month in rent with potential to increase that to $3,600+! Large 4 Bedroom unit on the 1st floor has updated laminate floors, updated appliances, and an updated bathroom. 1st floor unit also offers a front porch entry and access to the large DRY unfinished basement with private W/D hookups and ideal for additional storage space. 2nd floor 2 bedroom unit also has some updated appliances, an updated bathroom, and beautiful Brazilian Cumaru hardwood floors throughout both living areas and both bedrooms. 2nd floor unit also has a front porch entry and a back porch that could be great additional areas for tenants to enjoy! Electrical, plumbing, and structural updates / improvements have also been done over the years so no major improvements are required and both units are currently Section 8 approved. Options and availability for these great rental properties in Burlington are getting harder and harder to find! Don't wait and miss your opportunity to snatch one up! Seller is a licensed Realtor.

Last Agent to Sell the Property

Blake Gintof

Signature Properties of Vermont License #081.0134224 Listed on: 02/07/2018

Last Buyer's Agent

Steve Lipkin

Coldwell Banker Hickok and Boardman License #081.0004569

Coldwell Banker Hickok and Boardman

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,420

Year Built

  • Built in 1920

Lot Details

  • 7,405 Sq Ft Lot
  • Partially Fenced Property
  • Lot Sloped Up
  • Garden

Home Design

  • Colonial Architecture
  • Concrete Foundation
  • Block Foundation
  • Wood Frame Construction
  • Slate Roof
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • 2-Story Property

Flooring

  • Wood
  • Laminate
  • Tile
  • Vinyl

Unfinished Basement

  • Connecting Stairway
  • Interior Basement Entry
  • Crawl Space
  • Basement Storage

Parking

  • 35 Car Parking Spaces
  • Stone Driveway
  • Paved Parking
  • On-Site Parking
  • Off-Street Parking

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Gas Meters
  • Operating Expense $1,100
  • Gross Income $38,400
  • Net Operating Income $27,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,420

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Colonial
  • Directions: West on North Street, turn right onto Intervale Ave, property on the left.
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 138.73
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3846
  • Sq Ft - Apx Total Finished: 2595
  • Year Built: 1920
  • Remarks Public: Great Income-Producing Duplex in the Heart of the Old North End! Located on a nice city lot with big backyard, plenty of off street parking and walking distance to everything the City of Burlington has to offer ensures these units desirability and ability to rent for top dollar! Currently bringing in $3,200 a month in rent with potential to increase that to $3,600+! Large 4 Bedroom unit on the 1st floor has updated laminate floors, updated appliances, and an updated bathroom. 1st floor unit also offers a front porch entry and access to the large DRY unfinished basement with private W/D hookups and ideal for additional storage space. 2nd floor 2 bedroom unit also has some updated appliances, an updated bathroom, and beautiful Brazilian Cumaru hardwood floors throughout both living areas and both bedrooms. 2nd floor unit also has a front porch entry and a back porch that could be great additional areas for tenants to enjoy! Electrical, plumbing, and structural updates / improvements have also been done over the years so no major improvements are required and both units are currently Section 8 approved. Options and availability for these great rental properties in Burlington are getting harder and harder to find! Don't wait and miss your opportunity to snatch one up! Seller is a licensed Realtor.
  • List Agent: 1818
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Combination, Hardwood, Laminate, Tile, Vinyl
  • Total Rooms Above Ground: 11
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Concrete Floor, Crawl Space, Stairs - Interior, Storage Space, Unfinished
  • Sq Ft - Apx Finished AG: 2595
  • Sq Ft - Apx Unfinished BG: 1251

Exterior Features

  • Construction: Wood Frame
  • Driveway: Crushed Stone, Paved
  • Exterior: Vinyl Siding
  • Foundation: Block, Concrete
  • Road Frontage: TBD
  • Roads: Public
  • Roof: Slate
  • Features Exterior: Fence - Partial, Garden Space

Garage/Parking

  • Parking: Driveway, Off Street, On-Site, Parking Spaces 3 - 5

Utilities

  • Cable Company: Comcast
  • Electric: Circuit Breaker(s)
  • Fuel Company: VT Gas
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas - Natural, Owned, Separate, Tank
  • Heating Fuel: Gas - Natural Available
  • Heating: Baseboard, Hot Water
  • Electric Company: GMP
  • Phone Company: Comcast
  • Separate Utilities: Varies
  • Total Electric Meters: 2
  • Total Gas Meters: 2
  • Total Heat Units: 2
  • Total Ranges: 2
  • Total Refrigerators: 2
  • Total Water Heaters: 2
  • Trash: Cans, Owner
  • Utilities: Cable - At Site, High Speed Intrnt -Atsite

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Burlington School District

Lot Info

  • Lot Sq Ft: 7405
  • Lot Acres: 0.17
  • Lot Description: City Lot
  • Surveyed: Yes
  • Zoning: RM
  • Deed Recorded Type: Deed to be Obtained

Multi Family

  • Gross Income: 38400
  • Net Income: 27000
  • Total Full Baths: 2
  • Total Units: 2
  • Total2 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 7420.48
  • Tax Year: 2018

MLS Schools

  • School District: Burlington School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2018
Closed on
Apr 20, 2018
Sold by
Gintof Thao and Gintof Thao
Bought by
Lama Lakpa and Sherpa Doma
Seller's Agent
Blake Gintof
Signature Properties of Vermont
Buyer's Agent
Steve Lipkin
Coldwell Banker Hickok and Boardman
List Price
$369,900
Sold Price
$360,000
Premium/Discount to List
-$9,900
-2.68%
Current Estimated Value
$590,343

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$230,343
Avg. Annual Appreciation
6.02%

Purchase Details

Closed on
Oct 4, 2016
Sold by
Gintof Thao T
Bought by
Gintof Blake M and Gintof Thao T

Purchase Details

Closed on
Aug 31, 2016
Sold by
Gintof Thao T
Bought by
Gintof Blake M and Gintof Thao T

Purchase Details

Closed on
Dec 27, 2011
Sold by
Troumbly Daniel Jr D
Bought by
Le Thao T
Source: Public Records

Range of Values:

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List Price
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
Lama Lakpa -- --
Gintof Thao -- --
Lama Lakpa -- --
Gintof Blake M -- --
Gintof Blake M -- --
Gintof Blake M -- --
Gintof Blake M -- --
Le Thao T $125,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2018 04/20/18 Sold $360,000 -2.7% $139 / Sq Ft
03/23/2018 03/23/18 Pending -- -- --
03/10/2018 03/10/18 For Sale $369,900 0.0% $143 / Sq Ft
02/13/2018 02/13/18 Pending -- -- --
02/07/2018 02/07/18 For Sale $369,900 -- $143 / 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 $9,985 $413,100 $124,500 $288,600
2023 $8,729 $413,100 $124,500 $288,600
2022 $8,727 $413,100 $124,500 $288,600
2021 $9,092 $413,100 $124,500 $288,600
2020 $8,574 $278,600 $110,400 $168,200
2019 $8,154 $278,600 $110,400 $168,200
2018 $7,831 $278,600 $110,400 $168,200
2017 $7,421 $278,600 $110,400 $168,200
2016 $7,251 $278,600 $110,400 $168,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4675904

PrimeMLS

APN: (035) 039-4-153-000