NOT LISTED FOR SALE
6 Beds
5 Baths
4,474 Sq Ft
0.76 Acres

Last Sold October 21, 2022

Last sale price $585,000 $131 Per Sq Ft

18 Days on Market

Highlights

  • 0.76 Acre Lot
  • Wood Flooring
  • 7 Car Attached Garage
  • Main Street School Rated A-
  • Enclosed patio or porch
  • Baseboard Heating

About This Home

As of October 2022

A great location is the most important factor for a quality real estate investment and 175 Main Street in Montpelier is an excellent place to be. This historic landmark home, circa 1850, is in the heart of town and is configured for five residential apartments. Each with large rooms and lots of hardwood flooring, high ceilings and period details and each unit has its own unique character. Separate electric for each unit. This property is heated with two heating systems, an oil fired system provides heat for the front four apartments and a propane fired hot water system heats the rear apartment. A large covered front porch spans the front of this home and one apartment has a classic screened/glassed-in porch. In addition an attached two car garage and a separate five bay garage are a nice amenity. On a large level .76 acre site zoned Residential 1500, the property offers great potential to create new in town residences. Showings begin July 5.

Last Agent to Sell the Property

Tim Heney

Heney Realtors - Element Real Estate (Montpelier) License #081.0000388 Listed on: 06/27/2022

Last Buyer's Agent

Lauren Gould

Green Light Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,501

Year Built

  • Built in 1850

Lot Details

  • 0.76 Acre Lot
  • Level Lot
  • Historic Home

Parking

  • 7 Car Attached Garage
  • Gravel Driveway
  • Unpaved Parking
  • Assigned Parking

Home Design

  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Corrugated Roof
  • Wood Siding
  • Clap Board Siding

Interior Spaces

  • 5 Full Bathrooms
  • 2-Story Property

Flooring

  • Wood
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Connecting Stairway
  • Interior Basement Entry
  • Sump Pump

Outdoor Features

  • Enclosed patio or porch

Schools

  • Union Elementary School
  • Main Street Middle School
  • Montpelier High School

Utilities

  • Radiator
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Steam
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Propane
  • Separate Water Meter
  • Electric Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • 5 Units

Listing and Financial Details

  • 3% Total Tax Rate

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,501

Year Built

Built in 1850

Lot Details

0

Parking

7

Listing Details

  • Status Detail: Closed
  • Style: Historic Vintage, Multi-Family
  • Directions: Nearly across from Main Street Middle School on right before intersection of Main and Jay Streets.
  • Footprint: 40x30, 25x13, 25x24,19x20
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 130.76
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 6059
  • Sq Ft - Apx Total Finished: 4474
  • Year Built: 1850
  • Remarks Public: A great location is the most important factor for a quality real estate investment and 175 Main Street in Montpelier is an excellent place to be. This historic landmark home, circa 1850, is in the heart of town and is configured for five residential apartments. Each with large rooms and lots of hardwood flooring, high ceilings and period details and each unit has its own unique character. Separate electric for each unit. This property is heated with two heating systems, an oil fired system provides heat for the front four apartments and a propane fired hot water system heats the rear apartment. A large covered front porch spans the front of this home and one apartment has a classic screened/glassed-in porch. In addition an attached two car garage and a separate five bay garage are a nice amenity. On a large level .76 acre site zoned Residential 1500, the property offers great potential to create new in town residences. Showings begin July 5.
  • List Agent: 21353
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Hardwood, Vinyl
  • Total Rooms Above Ground: 17
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Full, Stairs - Interior, Sump Pump, Unfinished
  • Sq Ft - Apx Finished AG: 4474
  • Sq Ft - Apx Unfinished BG: 1585

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Clapboard, Wood
  • Foundation: Stone
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Corrugated, Shingle
  • Features Exterior: Porch - Covered, Porch - Enclosed

Garage/Parking

  • Garage Capacity: 7
  • Parking: Garage, Parking Spaces 5 - 10, Unpaved
  • Garage: Yes
  • Garage Description: Assigned
  • Garage Type: Attached

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Metered, Public
  • Water: Metered, Public
  • Water Heater: Electric
  • Heating Fuel: Gas - LP/Bottle, Oil
  • Heating: Baseboard, Hot Water, Radiator, Steam
  • Electric Company: GMP
  • Total Electric Meters: 5
  • Total Heat Units: 1
  • Total Ranges: 5
  • Total Refrigerators: 5
  • Total Water Heaters: 1
  • Trash: Owner
  • Utilities: Cable - Available, Dsl - Available, Gas - Lp/Bottle, High Speed Intrnt -Avail, Telephone At Site

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Montpelier School District
  • Elementary School: Union Elementary School
  • Middle School: Main Street Middle School
  • High School: Montpelier High School
  • Elementary School: Union Elementary School
  • High School: Montpelier High School

Lot Info

  • Lot Sq Ft: 33106
  • Lot Acres: 0.76
  • Lot Description: City Lot, Level, Sidewalks, Street Lights
  • Surveyed: Unknown
  • Zoning: Res 1500/Design Control
  • Deed Book: 463
  • Deed Page: 255
  • Deed Recorded Type: Warranty

Tax Info

  • Tax Rate: 3.17
  • Tax Gross Amount: 12501.36
  • Tax Year: 2022

Multi Family

  • Total Full Baths: 5
  • Total Units: 5
  • Total1 Bedroom Units: 4
  • Total2 Bedroom Units: 1

MLS Schools

  • School District: Montpelier School District
  • School Middle Jr: Main Street Middle School

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
10/21/2022 10/21/22 Sold $585,000 -14.6% $131 / Sq Ft
07/15/2022 07/15/22 Pending -- -- --
06/27/2022 06/27/22 For Sale $685,000 -- $153 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4918223

PrimeMLS