NOT LISTED FOR SALE
13 Beds
7 Baths
6,573 Sq Ft
0.26 Acre Lot

Sale Details

Date Sold: June 8, 2018

Last sale price $675,000 $103 Per Sq Ft

15 Days on Market

Highlights

  • Lake View
  • Carriage House
  • Wood Siding
  • 0.26 Acre Lot

About This Home

As of June 2018

Attention Burlington Investors! 2 Investment Properties for sale on Drew Street - close to downtown, Battery Park and the waterfront! Building One is a large 6 unit apartment building, the other property included is a separate very nice 2 bedroom single family home. Easy to rent units – 5 two bedroom units and one large one bedroom unit. Tenants pay heat, hot water and electricity. Strong upside on the rents, plenty of parking. Great value: both properties sold together for $697,500.

Last Agent to Sell the Property

Steve Lipkin

Coldwell Banker Hickok and Boardman License #081.0004569 Listed on: 03/21/2018

Coldwell Banker Hickok and Boardman

Last Buyer's Agent

Steve Lipkin

Coldwell Banker Hickok and Boardman License #081.0004569 Listed on: 03/21/2018

Coldwell Banker Hickok and Boardman
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Property Details

Home Type

  • Apartment

Year Built

  • Built in 1920

Lot Details

  • 11,326 Sq Ft Lot
  • Lot Sloped Up

Home Design

  • Carriage House
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Slate Roof
  • Wood Siding

Interior Spaces

  • 7 Full Bathrooms
  • 6,573 Sq Ft Home
  • 3-Story Property
  • Lake Views
  • Unfinished Basement
  • Interior Basement Entry

Parking

  • 510 Car Parking Spaces
  • Dirt Driveway

Utilities

  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Community Details

Overview

  • 7 Units

Building Details

  • 7 Separate Gas Meters
  • Gross Income $78,360
  • Net Operating Income $47,749

Property Details

Home Type

Apartment

Year Built

Built in 1920

Lot Details

0.26 Acres

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building, Carriage
  • Directions: North Avenue to North Street, left onto Drew Street, buildings on left.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 102.69
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 8805
  • Sq Ft - Apx Total Finished: 6573
  • Year Built: 1920
  • List Agent: 5968
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Unfinished
  • Sq Ft - Apx Finished AG: 6573
  • Sq Ft - Apx Unfinished BG: 2232

Exterior Features

  • Construction: Wood Frame
  • Driveway: Dirt
  • Exterior: Wood
  • Foundation: Stone
  • Road Frontage: TBD
  • Roads: Paved, Public
  • Roof: Shingle, Slate
  • Water Body Type: Lake
  • Water View: Yes

Garage/Parking

  • Parking: Parking Spaces 5 - 10

Utilities

  • Electric: Circuit Breaker(s)
  • Fuel Company: VT Gas
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric, Owned
  • Heating Fuel: Gas - Natural
  • Heating: Direct Vent, Wall Units
  • Electric Company: BED
  • Separate Utilities: Varies
  • Total Electric Meters: 7
  • Total Gas Meters: 7
  • Total Heat Units: 7
  • Total Ranges: 7
  • Total Refrigerators: 7
  • Total Water Heaters: 7

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 11326
  • Lot Acres: 0.26
  • Lot Description: City Lot, Lake View
  • Surveyed: Unknown
  • Zoning: RM
  • Deed Book: 571
  • Deed Page: 575-577
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 78360
  • Net Income: 47749
  • Total Full Baths: 7
  • Total Units: 7
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 6

Tax Info

  • Tax Gross Amount: 17014
  • Tax Year: 2017

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2018
Closed on
Jun 8, 2018
Sold by
Not Provided
Bought by
Seller's Agent
Steve Lipkin
Coldwell Banker Hickok and Boardman
Buyer's Agent
Steve Lipkin
Coldwell Banker Hickok and Boardman
List Price
$697,500
Sold Price
$675,000
Premium/Discount to List
-$22,500
-3.23%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/08/2018 06/08/18 Sold $675,000 -3.2% $103 / Sq Ft
04/05/2018 04/05/18 Pending -- -- --
03/21/2018 03/21/18 For Sale $697,500 -- $106 / Sq Ft
Source: PrimeMLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $17,408 $1,155,000 $249,400 $905,600
2024 $27,916 $1,155,000 $249,400 $905,600
2023 $24,405 $1,155,000 $249,400 $905,600
2022 $24,401 $1,155,000 $249,400 $905,600
2021 $25,422 $1,155,000 $249,400 $905,600
2020 $18,247 $592,900 $162,100 $430,800
2019 $17,354 $592,900 $162,100 $430,800
2018 $11,717 $462,600 $162,100 $300,500
2017 $11,734 $462,600 $162,100 $300,500
2016 $10,059 $462,600 $162,100 $300,500
2015 $10,059 $4,427 $0 $0
2014 $10,059 $4,427 $0 $0
2013 $10,059 $4,427 $0 $0
Source: Public Records

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Map

Source: PrimeMLS

MLS Number: 4681849

PrimeMLS

APN: (035) 043-3-119-000

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