NOT LISTED FOR SALE

1659 Main St Colchester, VT 05446

Estimated Value: $1,378,041

16 Beds
8 Baths
4,800 Sq Ft
$287/Sq Ft Est. Value

Last Sold December 22, 2020

Last sale price $925,000 $193 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $9,134/month

51 Days on Market

Highlights

  • 4.19 Acre Lot
  • Baseboard Heating
  • High Speed Internet
  • Malletts Bay School Rated 9+

About This Home

As of December 2020

Well maintained 8 unit complex on a 4 acre lot in country like setting for those who prefer to be away from the city. Nicely designed building with 2 units on lower level, 4 units on mid level and 2 units on upper level. Common area with numerous storage lockers for tenants. Lots of Colchester municipal recreational opportunities on Malletts Bay yet close to Essex for shopping and dining. (Part of operating expense figure includes property taxes, and $11,500 in maintenance/ property management fees.)

Last Agent to Sell the Property

David Chenette

Chenette Real Estate License #081.0003874 Listed on: 08/27/2020

Last Buyer's Agent

The Black Brothers Real Estate Team

Coldwell Banker Hickok and Boardman License #082.0134110

Coldwell Banker Hickok and Boardman

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,326

Year Built

  • Built in 1973

Lot Details

  • 4.19 Acre Lot
  • Lot Sloped Up

Parking

  • Gravel Driveway

Home Design

  • Poured Concrete
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 8 Full Bathrooms
  • 2.5-Story Property

Partially Finished Basement

  • Walk-Out Basement
  • Basement Storage

Utilities

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

Community Details

Overview

  • 8 Units

Building Details

  • 1 Separate Gas Meter
  • Operating Expense $49,308
  • Gross Income $119,700
  • Net Operating Income $70,392

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,326

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Directions: Main Street in Colchester is Route 2A. From 5 corners in Essex Jct, take Route 2A towards Colchester. 1659 is on the right, not easy to see the building from the road, watch for driveway.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2.5
  • Price Per Sq Ft: 192.71
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 7637
  • Sq Ft - Apx Total Finished: 7164
  • Property Type: Multi-Family
  • Year Built: 1973
  • Remarks Public: Well maintained 8 unit complex on a 4 acre lot in country like setting for those who prefer to be away from the city. Nicely designed building with 2 units on lower level, 4 units on mid level and 2 units on upper level. Common area with numerous storage lockers for tenants. Lots of Colchester municipal recreational opportunities on Malletts Bay yet close to Essex for shopping and dining. (Part of operating expense figure includes property taxes, and $11,500 in maintenance/ property management fees.)
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Partially Finished, Storage - Assigned
  • Sq Ft - Apx Finished AG: 4800
  • Sq Ft - Apx Finished BG: 2364
  • Sq Ft - Apx Unfinished BG: 473

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Vinyl Siding
  • Foundation: Poured Concrete
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle - Asphalt

Utilities

  • Electric: Circuit Breaker(s)
  • Fuel Company: VT Gas
  • Sewer: Septic
  • Water: Public
  • Water Heater: Gas - Natural, Owned
  • Heating Fuel: Gas - Natural
  • Heating: Baseboard, Hot Water
  • Electric Company: GMP
  • Total Electric Meters: 8
  • Total Gas Meters: 1
  • Total Heat Units: 1
  • Total Ranges: 8
  • Total Refrigerators: 8
  • Total Water Heaters: 1
  • Trash: Dumpster, Owner
  • Utilities: Internet - Cable

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 182516
  • Lot Acres: 4.19
  • Lot Description: Rental Complex
  • Surveyed: Yes
  • Zoning: Yes
  • Deed Book: 324
  • Deed Page: 223-224
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 119700
  • Net Income: 70392
  • Total Full Baths: 8
  • Total Units: 8
  • Total2 Bedroom Units: 8

Tax Info

  • Tax Gross Amount: 19326
  • Tax Year: 2020

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 List to Sale Price per Sq Ft
12/22/2020 12/22/20 Sold $925,000 0.0% $193 / Sq Ft
10/17/2020 10/17/20 Pending -- -- --
10/09/2020 10/09/20 Price Changed $925,000 -5.1% $193 / Sq Ft
08/27/2020 08/27/20 For Sale $975,000 -- $203 / 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 $22,198 $0 $0 $0
2023 $20,428 $0 $0 $0
2022 $19,585 $0 $0 $0
2021 $19,803 $0 $0 $0
2020 $19,326 $0 $0 $0
2019 $18,645 $0 $0 $0
2018 $20,064 $0 $0 $0
2017 $10,180 $476,500 $0 $0
2016 $10,123 $476,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    David Chenette

    Chenette Real Estate

    (802) 264-1991

    9 in this area

    88 Total Sales

    David Chenette
    Section Image

  • T

    Buyer's Agent in 2020

    The Black Brothers Real Estate Team

    Coldwell Banker Hickok and Boardman

    Section Image
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Map

Source: PrimeMLS

MLS Number: 4825179

PrimeMLS

APN: (048) 09-0070430000000

Vermont Chittenden County Colchester 05446

1659 Main St, Colchester, VT

This home is located at 1659 Main St, Colchester, VT 05446 since 27 August 2020 and is currently estimated at $1,378,041, approximately $287 per square foot. This property was built in 1973. 1659 Main St is a home located in Chittenden County with nearby schools including Union Memorial School, Malletts Bay School, and Colchester Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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