NOT LISTED FOR SALE
16 Beds
16 Baths
15,584 Sq Ft
2 Acres

Last Sold December 27, 2012

Last sale price $2,062,500 $132 Per Sq Ft

243 Days on Market

Highlights

  • Newly Remodeled
  • Deck
  • Main Floor Bedroom
  • 2 Acre Lot
  • Wood Flooring
  • Cul-De-Sac

About This Home

As of December 2012

Rare investment opportunity on 1.99 acres located in the New North End of Burlington. Existing 4-unit building with strong income stream plus new 2-bedroom, 1.5 bath ADA-accessible single-family and 8 new 2-bedroom duplex-style townhouses - for a total of 13 rental units. Newer units are part of Planned Unit Development. All new units are Energy Star rated, off-street parking, two units have garages under. Convenient location on bus line, near bike path, and minutes to Downtown via 127 Connector.

Last Agent to Sell the Property

Nancy Jenkins

Nancy Jenkins Real Estate License #081.0002472 Listed on: 01/27/2012

Last Buyer's Agent

Shawn P. Nolan

Cannizzaro Real Estate License #082.0005851

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $34,768

Year Built

  • Built in 2011 | Newly Remodeled

Lot Details

  • 2 Acre Lot
  • Cul-De-Sac
  • Lot Sloped Up
  • Sprinkler System

Parking

  • 2 Car Garage

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Architectural Shingle Roof
  • Clap Board Siding
  • Vinyl Siding

Interior Spaces

  • 15,584 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Bathroom on Main Level
  • 16 Full Bathrooms

Accessible Home Design

  • Kitchen has a 60 inch turning radius
  • Stepless Entry
  • Hard or Low Nap Flooring

Outdoor Features

  • Deck
  • Outbuilding

Schools

  • J. J. Flynn Elementary School
  • Lyman C. Hunt Middle School
  • Burlington High School

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Rent includes parking, plowing, snow removal, trash, water

Community Details

Overview

  • 13 Units
  • Oak Park Subdivision

Recreation

  • Trails

Pet Policy

  • Pets Allowed

Building Details

  • 13 Separate Gas Meters
  • Gross Income $207,216

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$34,768

Year Built

Built in 2011 | Newly Remodeled

Lot Details

0

Parking

2

Listing Details

  • Status Detail: Closed
  • Development Subdivision: Oak Park
  • Directions: From 127 Connector exit to Plattsburg Avenue, just after Venus Ave on left. From North Ave turn on Plattsburg Avenue on units are on the left before Venus Ave.
  • Construction: New Construction
  • Total Stories: 2
  • Price Per Sq Ft: 132.35
  • Property Class: Multi-Family
  • Sq Ft - Apx Total Finished: 15584
  • Unit Info: Range - Gas, Refrigerator
  • Year Built: 2011
  • Remarks Public: Rare investment opportunity on 1.99 acres located in the New North End of Burlington. Existing 4-unit building with strong income stream plus new 2-bedroom, 1.5 bath ADA-accessible single-family and 8 new 2-bedroom duplex-style townhouses - for a total of 13 rental units. Newer units are part of Planned Unit Development. All new units are Energy Star rated, off-street parking, two units have garages under. Convenient location on bus line, near bike path, and minutes to Downtown via 127 Connector.
  • List Agent: 22799
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Equipment: Smoke Detectr-HrdWrdw/Bat, Sprinkler System
  • Features Accessibility: 1st Floor Bedroom, 1st Floor Full Bathroom, 1st Floor Hrd Surfce Flr, Kitchen w/5 Ft. Diameter, One-Level Home, Zero-Step Entry Ramp
  • Flooring: Carpet, Hardwood, Vinyl
  • Basement: Yes
  • Basement Description: Full, Slab
  • Sq Ft - Apx Finished AG: 15584

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Clapboard, Vinyl
  • Foundation: Concrete
  • Road Frontage: Yes
  • Roads: Cul-de-Sac, Private
  • Roof: Shingle - Architectural, Shingle - Asphalt
  • Features Exterior: Deck, Outbuilding

Garage/Parking

  • Garage Capacity: 2
  • Garage: Yes
  • Garage Type: Under

Utilities

  • Cable Company: Comcast
  • Electric: Circuit Breaker(s)
  • Fuel Company: VT Gas
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas - Natural
  • Heating Fuel: Gas - Natural
  • Heating: Baseboard, Hot Water
  • Electric Company: BELD
  • Phone Company: Fairpoint
  • Total Electric Meters: 13
  • Total Gas Meters: 13
  • Total Heat Units: 10
  • Total Ranges: 13
  • Total Refrigerators: 13
  • Total Water Heaters: 13
  • Trash: Private

Condo/Co-op/Association

  • Restrictions: Pets - Allowed
  • Management Company: Self

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Burlington School District
  • Elementary School: J. J. Flynn School
  • Middle School: Lyman C. Hunt Middle School
  • High School: Burlington High School
  • Elementary School: J. J. Flynn School
  • High School: Burlington High School

Lot Info

  • Lot Sq Ft: 87120
  • Land Gains: Yes
  • Lot Acres: 2
  • Lot Description: Trail/Near Trail
  • Surveyed: Yes
  • Zoning: Res

Rental Info

  • Rent Includes: Parking, Plowing, Snow Removal, Trash, Water

Multi Family

  • Gross Income: 207216
  • Total Full Baths: 16
  • Total Units: 13
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 12

Tax Info

  • Tax Gross Amount: 34767.89
  • Tax Year: 2012

MLS Schools

  • School District: Burlington School District
  • School Middle Jr: Lyman C. Hunt Middle School

Range of Values:

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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 Change Sq Ft Price
12/27/2012 12/27/12 Sold $2,062,500 -6.3% $132 / Sq Ft
09/26/2012 09/26/12 Pending -- -- --
01/27/2012 01/27/12 For Sale $2,200,000 -- $141 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4127464

PrimeMLS

APN: (035) 024-1-054-000