NOT LISTED FOR SALE

16 Park St Springfield, VT 05156

Estimated Value: $377,619

8 Beds
6 Baths
7,972 Sq Ft
$47/Sq Ft Est. Value

Last Sold December 30, 2019

Last sale price $79,925 $10 Per Sq Ft

Est. 372% increase in value since last sale

Current estimated payment $2,605/month

3 Days on Market

Highlights

  • Water Views
  • Corner Lot
  • High Speed Internet
  • Wood Flooring
  • Baseboard Heating
  • Multiple Phone Lines

About This Home

As of December 2019

Great investment opportunity! Beautifully maintained building with 2 new apartments, spacious 1st floor commercial rental and large 2nd floor office layout currently being utilized as an apartment suite. Approved zoning for 4 additional apartments and the previous basement shoe repair shop having the potential for another. A must see for serious investors.

Last Agent to Sell the Property

Jeffrey Laskevich

Barrett & Valley Associates, Inc/Sprin License #082.0066869 Listed on: 09/29/2019

Last Buyer's Agent

Jeffrey Laskevich

Barrett & Valley Associates, Inc/Sprin License #082.0066869 Listed on: 09/29/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1836

Lot Details

  • 5,663 Sq Ft Lot
  • Corner Lot
  • Lot Sloped Up

Parking

  • 110 Car Parking Spaces

Home Design

  • Brick Exterior Construction
  • Membrane Roofing
  • Vinyl Siding

Interior Spaces

  • 6 Full Bathrooms
  • 7,972 Sq Ft Home
  • 2-Story Property
  • Water Views
  • Unfinished Basement
  • Walk-Out Basement

Flooring

  • Wood
  • Carpet

Schools

  • Riverside Middle School
  • Springfield High School

Utilities

  • Baseboard Heating
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Electric Water Heater
  • High Speed Internet
  • Multiple Phone Lines
  • Cable TV Available

Community Details

  • 4 Units

Listing and Financial Details

  • Tax Lot 02

Property Details

Home Type

Multi-Family

Year Built

Built in 1836

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Directions: From Main Street Springfield turn onto Park Street. Building on corner lot. See Sign.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 10.03
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 7972
  • Sq Ft - Apx Total Finished: 7972
  • Year Built: 1836
  • List Agent: 23190
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Hardwood
  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Unfinished
  • Sq Ft - Apx Finished AG: 7972

Exterior Features

  • Construction: Masonry
  • Exterior: Brick, Vinyl
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Membrane
  • Water Body Access: View Only
  • Water Body Name: Black River
  • Water Body Type: River
  • Water View: Yes

Garage/Parking

  • Parking: Parking Spaces 1 - 10

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Heating Fuel: Gas - LP/Bottle, Oil
  • Heating: Baseboard, Hot Air
  • Utilities: Cable, High Speed Intrnt -Atsite, Multi Phone Lines

Fee Information

  • Tax Class: TBD

Schools

  • High School: Springfield High School

Lot Info

  • Map: 26-04-02
  • Lot: 02
  • Lot Sq Ft: 5663
  • Current Use: Yes
  • Lot Acres: 0.13
  • Lot Description: Corner
  • Surveyed: Yes
  • Zoning: Central Buss
  • Deed Book: 432
  • Deed Page: 67
  • Deed Recorded Type: Warranty

Multi Family

  • Total Full Baths: 6
  • Total Units: 4
  • Total2 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 5963
  • Tax Year: 2012

MLS Schools

  • School Middle Jr: Riverside Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 30, 2008
Sold by
Park Place Suites Llc
Bought by
Holmes Cotton Mill Llc
Current Estimated Value
$377,619
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Holmes Cotton Mill Llc $185,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2019 12/30/19 Sold $79,925 -32.8% $10 / Sq Ft
10/02/2019 10/02/19 Pending -- -- --
09/29/2019 09/29/19 For Sale $119,000 -- $15 / 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 $7,601 $214,900 $20,900 $194,000
2023 $3,068 $214,900 $20,900 $194,000
2022 $6,935 $214,900 $20,900 $194,000
2021 $7,371 $197,300 $19,000 $178,300
2020 $7,287 $197,300 $19,000 $178,300
2019 $6,994 $197,300 $19,000 $178,300
2018 $7,075 $197,300 $19,000 $178,300
2016 $6,183 $212,200 $44,000 $168,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4778958

PrimeMLS

APN: 606-190-11987