NOT LISTED FOR SALE

173 Merchant St Barre, VT 05641

Estimated Value: $228,000 - $271,396

4 Beds
2 Baths
1,800 Sq Ft
$140/Sq Ft Est. Value

Last Sold May 06, 2020

Last sale price $152,000 $84 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $1,593/month

59 Days on Market

Highlights

  • Deck
  • Baseboard Heating
  • Level Lot
  • Wood Flooring
  • High Speed Internet
  • Wood Siding

About This Home

As of May 2020

Ready to diversify your real estate investments for 2020? Great opportunity to own a duplex in Barre City with steady income. Current rents below market price. Fully leased duplex with 1 bedroom/1 bath unit, and 3 bedroom/1 bath unit. Roof is only 3 years old, HW Buderus Boiler is two years old, new deck and supports on the front of the building. Both units are bright and spacious. Shared laundry hook-ups in the basement. Currently managed by a professional management company, this duplex is very well maintained, and ready for a buyer looking to start a real estate investment portfolio, or expand existing holdings. Great income producer in a convenient location. Don't let this opportunity pass you by!

Last Agent to Sell the Property

Danielle Pezzimenti

Piper Realty, LLC License #081.0134098 Listed on: 12/23/2019

Last Buyer's Agent

Brandon Fowler

RE/MAX North Professionals

RE/MAX North Professionals

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1916

Lot Details

  • 6,098 Sq Ft Lot
  • Level Lot

Home Design

  • Duplex
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2 Full Bathrooms
  • 1,800 Sq Ft Home
  • 3-Story Property
  • Interior Basement Entry

Flooring

  • Wood
  • Vinyl

Parking

  • 35 Car Parking Spaces
  • Gravel Driveway

Outdoor Features

  • Deck

Schools

  • Barre City Elementary & Middle Sch
  • Spaulding High School

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Oil
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Exclusions: Coin-op washer/dryer in basement negotiable

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $10,825
  • Gross Income $19,800
  • Net Operating Income $8,975

Property Details

Home Type

Multi-Family

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Duplex
  • Construction: Existing
  • Items Excluded: Coin-op washer/dryer in basement negotiable
  • Total Stories: 3
  • Price Per Sq Ft: 84.44
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 1800
  • Sq Ft - Apx Total Finished: 1800
  • Year Built: 1916
  • Remarks Public: Ready to diversify your real estate investments for 2020? Great opportunity to own a duplex in Barre City with steady income. Current rents below market price. Fully leased duplex with 1 bedroom/1 bath unit, and 3 bedroom/1 bath unit. Roof is only 3 years old, HW Buderus Boiler is two years old, new deck and supports on the front of the building. Both units are bright and spacious. Shared laundry hook-ups in the basement. Currently managed by a professional management company, this duplex is very well maintained, and ready for a buyer looking to start a real estate investment portfolio, or expand existing holdings. Great income producer in a convenient location. Don't let this opportunity pass you by!
  • List Agent: 283376
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Flooring: Vinyl, Wood
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Interior Access
  • Sq Ft - Apx Finished AG: 1800

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Wood Siding
  • Foundation: Granite
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle - Asphalt
  • Features Exterior: Deck

Garage/Parking

  • Parking: Parking Spaces 3 - 5

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Off Boiler
  • Heating Fuel: Oil
  • Heating: Baseboard, Hot Water
  • Total Heat Units: 1
  • Total Ranges: 2
  • Total Refrigerators: 2
  • Total Water Heaters: 1
  • Utilities: Cable - Available, High Speed Intrnt -Avail, Telephone Available

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Barre City School District
  • Elementary School: Barre City Elem & Middle Sch
  • Middle School: Barre City Elem & Middle Sch
  • High School: Spaulding High School
  • Elementary School: Barre City Elem & Middle Sch
  • High School: Spaulding High School

Lot Info

  • Lot Sq Ft: 6098
  • Lot Acres: 0.14
  • Lot Description: City Lot, Level
  • Surveyed: Unknown
  • Zoning: Residential 4
  • Deed Book: 336
  • Deed Page: 57-60
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 19800
  • Net Income: 8975
  • Total Full Baths: 2
  • Total Units: 2
  • Total1 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 4775.32
  • Tax Year: 2019

MLS Schools

  • School District: Barre City School District
  • School Middle Jr: Barre City Elem & Middle Sch

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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 Change Sq Ft Price
05/06/2020 05/06/20 Sold $152,000 -1.9% $84 / Sq Ft
02/20/2020 02/20/20 Pending -- -- --
12/23/2019 12/23/19 For Sale $155,000 -- $86 / 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 $2,085 $136,100 $11,600 $124,500
2023 $2,085 $136,100 $11,600 $124,500
2022 $4,725 $136,100 $11,600 $124,500
2021 $4,801 $136,100 $11,600 $124,500
2020 $4,936 $136,100 $11,600 $124,500
2019 $4,775 $136,100 $11,600 $124,500
2018 $4,632 $136,100 $11,600 $124,500
2016 $4,462 $136,100 $11,600 $124,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4788562

PrimeMLS

APN: 036-011-10816