$1,335,000
SOLD NOV 15, 2024
-- Bed
11 Baths
8,764 Sq Ft
1.02 Acres

Recently Sold

$152 Per Sq Ft

3% Above List Price

16 Days on Market

Highlights

  • Tennis Courts
  • 1.02 Acre Lot
  • Baseboard Heating
  • Thomas Fleming School Rated A-
  • Garden
  • Level Lot

About This Home

As of November 2024

Great investment opportunity in the Village of Essex Jct. 3 separate buildings with 11 units, 7 - 1 bedroom units & 4 - 2 bedroom units, lots of potential & growth with this property. low rents with long term tenants, co-op laundry for tenants, property consists of 5 units in Victorian home with beautiful front porches & full basement, converted garage has 2 units & brick building with 4 identical units. Large yard space. Convenient village location, minutes to eateries, schools, town pool & park. Landlord pays heat for Victorian building & electricity for one unit. Income & expenses in docs.

Last Agent to Sell the Property

Geri Reilly

Geri Reilly Real Estate License #081.0002576 Listed on: 09/16/2024

Last Buyer's Agent

Geri Reilly

Geri Reilly Real Estate License #081.0002576 Listed on: 09/16/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,163

Year Built

  • Built in 1910

Lot Details

  • 1.02 Acre Lot
  • Level Lot
  • Garden

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 11 Full Bathrooms
  • 2-Story Property

Flooring

  • Carpet
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Walk-Up Access

Parking

  • 1,120 Car Parking Spaces
  • Gravel Driveway

Outdoor Features

  • Tennis Courts

Schools

  • Essex High School

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Gas Available
  • Internet Available

Community Details

Overview

  • 11 Units

Building Details

  • 7 Separate Gas Meters
  • Operating Expense $40,000
  • Gross Income $145,020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,163

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Directions: Rt. 15 to Maple St, left onto East, property on right
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 152.33
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 8922
  • Sq Ft - Apx Total Finished: 8764
  • Year Built: 1910
  • Remarks Public: Great investment opportunity in the Village of Essex Jct. 3 separate buildings with 11 units, 7 - 1 bedroom units & 4 - 2 bedroom units, lots of potential & growth with this property. low rents with long term tenants, co-op laundry for tenants, property consists of 5 units in Victorian home with beautiful front porches & full basement, converted garage has 2 units & brick building with 4 identical units. Large yard space. Convenient village location, minutes to eateries, schools, town pool & park. Landlord pays heat for Victorian building & electricity for one unit. Income & expenses in docs.
  • List Agent: 21428
  • Display On Internet: Internet - Cable
  • Architectural Style: Apartment Building, Multi-Family
  • ResoLotFeatures: Level
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Water Heater – Electric, Water Heater – Gas, Water Heater – On Demand, Water Heater – Tank
  • Flooring: Carpet, Vinyl
  • Total Rooms Above Ground: 39
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Full, Slab, Unfinished
  • Sq Ft - Apx Finished AG: 8764
  • Sq Ft - Apx Unfinished BG: 158

Exterior Features

  • Driveway: Gravel
  • Foundation: Slab - Floating
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle
  • Features Exterior: Garden Space, Tennis Court
  • Construction Type: Wood Frame

Garage/Parking

  • Parking: Driveway, Parking Spaces 11 - 20

Utilities

  • Cable Company: Xfinity
  • Electric: Circuit Breaker(s)
  • Fuel Company: VT Gas
  • Sewer: Public
  • Heating Fuel: Electric, Gas - Natural
  • Heating: Baseboard, Direct Vent, Monitor Type
  • Electric Company: GMP
  • Separate Utilities: Varies
  • Total Electric Meters: 12
  • Total Gas Meters: 7
  • Total Heat Units: 7
  • Total Ranges: 11
  • Total Refrigerators: 11
  • Total Water Heaters: 7
  • Trash: Dumpster
  • Utilities: Gas - On-Site
  • Water Source: Public

Condo/Co-op/Association

  • Management Company: Self

Fee Information

  • Tax Class: Non-Homestead

Schools

  • High School: Essex High
  • High School: Essex High

Lot Info

  • Lot Sq Ft: 44431
  • Lot Acres: 1.02
  • Zoning: MFR 3
  • Deed Book: 421
  • Deed Page: 308
  • Deed Recorded Type: Quit Claim

Multi Family

  • Gross Income: 145020
  • Total Full Baths: 11
  • Total Units: 11
  • Total1 Bedroom Units: 7
  • Total2 Bedroom Units: 4

Tax Info

  • Tax Gross Amount: 21163
  • Tax Year: 2024

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $1,335,000 --
Interfamily Deed Transfer -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2024 11/15/24 Sold $1,335,000 +3.1% $152 / Sq Ft
10/02/2024 10/02/24 Pending -- -- --
09/16/2024 09/16/24 For Sale $1,295,000 -- $148 / 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 $17,958 $696,900 $100,500 $596,400
2023 $17,958 $696,900 $100,500 $596,400
2022 $16,004 $696,900 $100,500 $596,400
2021 $16,453 $696,900 $100,500 $596,400
2020 $16,455 $696,900 $100,500 $596,400
2019 $15,482 $696,900 $100,500 $596,400
2018 $15,116 $696,900 $100,500 $596,400
2017 $16,612 $696,900 $100,500 $596,400
2016 $16,348 $696,900 $100,500 $596,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 5014484

PrimeMLS

APN: (066) 1029127-000