NOT LISTED FOR SALE
4 Beds
4 Baths
1,920 Sq Ft
2,178 Sq Ft Lot

Last Sold March 31, 2014

Last sale price $425,500 $222 Per Sq Ft

15 Days on Market

About This Home

As of March 2014

Outstanding 4-plex Investment Unit located in a prime Burlington downtown area. Fully rented with tenants paying gas & electric; landlord pays water/sewer & trash. 4 off-street parking spaces. (3) one bedroom apartments and (1) studio apartment make rentals easy. Building has been wonderfully maintained and updated including siding/paint, windows, apartment cosmetics, heating and hot water systems. Strong numbers with likely room for improvement. Current on all state and city compliances. A very solid Burlington investment that will not last long.

Last Agent to Sell the Property

Curtis Trousdale

Preferred Properties Brokerage Phone: 802-862-9106 License #081.0004552 Listed on: 01/29/2014

Last Buyer's Agent

Norah Kell

Kell and Company License #082.0063364

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,356

Year Built

  • Built in 1899

Lot Details

  • 2,178 Sq Ft Lot
  • Lot Sloped Up

Home Design

  • Stone Foundation
  • Wood Frame Construction
  • Slate Roof
  • Clapboard

Interior Spaces

  • 4 Full Bathrooms
  • 1,920 Sq Ft Home
  • 2.5-Story Property
  • Fire and Smoke Detector

Flooring

  • Wood
  • Laminate
  • Tile
  • Vinyl

Basement

  • Basement Fills Entire Space Under The House
  • Connecting Stairway

Parking

  • 4 Car Parking Spaces
  • Gravel Driveway
  • Off-Street Parking

Location

  • City Lot

Schools

  • Choice Elementary School
  • Lyman C. Hunt Middle School
  • Burlington High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • 110 Volts

Listing and Financial Details

  • Rent includes plowing, sewer, trash, water

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Gas Meters
  • Gross Income $37,836

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,356

Year Built

Built in 1899

Lot Details

2,178 Sq Ft Lot

Listing Details

  • Status Detail: Closed
  • Directions: Pearl Street to N. Champlain Street, left on Poplar Street, left on Park Street. Corner of Myrtle and Park Streets. No sign. Olive Building.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2.5
  • Price Per Sq Ft: 221.61
  • Property Class: Multi-Family
  • Sq Ft - Apx Total Finished: 1920
  • Unit Info: Range - Electric, Refrigerator
  • Year Built: 1899
  • List Agent: 26047
  • Architectural Style: Other
  • ResoLotFeatures: City Lot
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Appliances: Water Heater–Natural Gas, Water Heater – Rented
  • Equipment: Smoke Detectr-Hard Wired
  • Flooring: Hardwood, Laminate, Tile, Vinyl
  • Total Rooms Above Ground: 12
  • Basement: Yes
  • Basement Description: Full, No Tenant Access, Stairs - Interior
  • Sq Ft - Apx Finished AG: 1920

Exterior Features

  • Driveway: Gravel
  • Foundation: Stone
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Slate
  • Construction Type: Wood Frame, Clapboard Exterior

Garage/Parking

  • Parking: Off Street, Parking Spaces 4

Utilities

  • Cable Company: BT
  • Electric: 110 Volt, Circuit Breaker(s)
  • Fuel Company: VT Gas
  • Sewer: Public
  • Heating Fuel: Gas - Natural
  • Heating: Gas Heater - Vented, Wall Units
  • Cooling: Wall AC Units
  • Electric Company: BED
  • Phone Company: BT
  • Total Electric Meters: 5
  • Total Gas Meters: 4
  • Total Heat Units: 4
  • Total Ranges: 4
  • Total Refrigerators: 4
  • Total Water Heaters: 4
  • Trash: Curbside
  • Water Source: Public

Fee Information

  • Tax Class: Non-Homestead

Schools

  • Elementary School: Choice
  • High School: Burlington High School

Lot Info

  • Lot Sq Ft: 2178
  • Lot Acres: 0.05
  • Surveyed: Unknown
  • Zoning: Res - Med Den
  • Deed Book: 788
  • Deed Page: 508-509
  • Deed Recorded Type: Warranty

Rental Info

  • Rent Includes: Plowing, Sewer, Trash, Water

Multi Family

  • Gross Income: 37836
  • Total Full Baths: 4
  • Total Units: 4
  • Total1 Bedroom Units: 4

Tax Info

  • Tax Gross Amount: 7356.46
  • Tax Year: 2014

MLS Schools

  • School District: Burlington School District
  • School Middle Jr: Lyman C. Hunt Middle School
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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 List to Sale Price per Sq Ft
03/31/2014 03/31/14 Sold $425,500 +0.1% $222 / Sq Ft
02/13/2014 02/13/14 Pending -- -- --
01/29/2014 01/29/14 For Sale $425,000 -- $221 / Sq Ft
Source: PrimeMLS

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 $13,148 $544,000 $156,600 $387,400
2023 $11,495 $544,000 $156,600 $387,400
2022 $11,493 $544,000 $156,600 $387,400
2021 $11,973 $544,000 $156,600 $387,400
2020 $10,383 $337,400 $101,800 $235,600
2019 $7,407 $337,400 $101,800 $235,600
2018 $9,484 $337,400 $101,800 $235,600
2017 $8,988 $337,400 $101,800 $235,600
2016 $8,781 $337,400 $101,800 $235,600
2015 -- $2,885 $0 $0
2014 -- $2,885 $0 $0
2013 -- $2,423 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4334434

PrimeMLS
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