NOT LISTED FOR SALE

176 Main St Montpelier, VT 05602

Estimated Value: $435,000 - $594,000

6 Beds
3 Baths
2,905 Sq Ft
$178/Sq Ft Est. Value

Last Sold August 19, 2014

Last sale price $275,000 $95 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $3,216/month

142 Days on Market

Highlights

  • Main Floor Bedroom
  • Corner Lot
  • Bathroom on Main Level
  • Main Street School Rated A-
  • Covered Patio or Porch
  • Zoned Heating and Cooling

About This Home

As of August 2014

This well maintained three unit home has a great in-town location adjacent to the middle school. All three apartments have two bedrooms. The first floor unit has a big kitchen with oak cabinetry and an island plus dining room, living room and laundry all on one level. Also, a second floor apartment and a third two level unit. Multi-zone oil hot water baseboard heating. Separate electric. On site parking and room for a small garden too! A solid investment fully leased.

Last Agent to Sell the Property

Tim Heney

Heney Realtors - Element Real Estate (Montpelier) License #081.0000388 Listed on: 02/03/2014

Last Buyer's Agent

Rebecca McCarty Copans

Green Light Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,521

Year Built

  • Built in 1900

Lot Details

  • 6,098 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot
  • Level Lot

Home Design

  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,905 Sq Ft Home
  • 1.75-Story Property
  • Laundry on main level

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Bathroom on Main Level
  • 3 Full Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Connecting Stairway
  • Sump Pump

Parking

  • 35 Car Parking Spaces
  • On-Site Parking
  • Off-Street Parking

Schools

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

Utilities

  • Zoned Heating and Cooling
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Oil
  • 220 Volts
  • 110 Volts
  • Internet Available
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • City Lot

Listing and Financial Details

  • Rent includes heat, landscaping, parking, plowing, sewer, snow removal, trash, water
  • 3% Total Tax Rate

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • 3 Units
  • Gross Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,521

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Directions: Main St. in Montpelier, just past Main Street Middle School on the left. At the corner of North St.
  • Flood Zone: Unknown
  • Footprint: 22x52, 18x21
  • Construction: Existing
  • Total Stories: 1.75
  • Price Per Sq Ft: 94.66
  • Property Class: Multi-Family
  • Sq Ft - Apx Total Finished: 2905
  • Unit Info: CO Detector, Cooktop - Electric, Dryer, Heat - Oil, Kitchen Island, Microwave, Range - Electric, Refrigerator, Smoke Detector, Washer
  • Year Built: 1900
  • Remarks Public: This well maintained three unit home has a great in-town location adjacent to the middle school. All three apartments have two bedrooms. The first floor unit has a big kitchen with oak cabinetry and an island plus dining room, living room and laundry all on one level. Also, a second floor apartment and a third two level unit. Multi-zone oil hot water baseboard heating. Separate electric. On site parking and room for a small garden too! A solid investment fully leased.
  • List Agent: 21353
  • Display On Internet: Internet - Cable
  • Architectural Style: Conversion
  • ResoLotFeatures: City Lot, Corner, Landscaped, Level
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Water Heater – Electric
  • Features Accessibility: 1st Floor Bedroom, 1st Floor Full Bathroom, 1st Floor Laundry
  • Flooring: Carpet, Vinyl
  • Total Rooms Above Ground: 13
  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Full, Slab, Stairs - Interior, Sump Pump, Unfinished
  • Sq Ft - Apx Finished AG: 2905

Exterior Features

  • Driveway: Right-Of-Way (ROW)
  • Foundation: Concrete, Stone
  • Road Frontage: TBD
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt
  • Easements: Yes
  • Features Exterior: Fence - Partial, Porch, Porch - Covered
  • Construction Type: Wood Frame, Vinyl Exterior

Garage/Parking

  • Parking: Off Street, On-Site, Parking Spaces 3 - 5

Utilities

  • Cable Company: Comcast
  • Electric: 110 Volt, 220 Volt, Circuit Breaker(s)
  • Sewer: Metered, Public
  • Heating Fuel: Oil
  • Heating: Baseboard, Hot Water, Multi Zone
  • Cooling: Multi Zone
  • Electric Company: GMP
  • Phone Company: Fairpoint
  • Total Electric Meters: 3
  • Total Heat Units: 1
  • Total Ranges: 3
  • Total Refrigerators: 3
  • Total Water Heaters: 3
  • Trash: Owner, Private
  • Utilities: Cable
  • Water Source: Metered, Public

Condo/Co-op/Association

  • Restrictions: Pets - Allowed

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: 6098
  • Land Gains: To Be Determined
  • Lot Acres: 0.14
  • Row Parcel Access: Yes
  • Row To Other Parcel: Yes
  • Surveyed: Unknown
  • Zoning: HDR, Design Con
  • Deed Book: 530
  • Deed Page: 159
  • Deed Recorded Type: Warranty

Rental Info

  • Rent Includes: Heat, Landscaping, Parking, Plowing, Sewer, Snow Removal, Trash, Water

Multi Family

  • Gross Income: 36000
  • Total Full Baths: 3
  • Total Units: 3
  • Total2 Bedroom Units: 3

Tax Info

  • Tax Rate: 2.61
  • Tax Gross Amount: 6520.78
  • Tax Year: 2014

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2014
Closed on
Aug 19, 2014
Sold by
Burkholder Steven L and Burkholder Bonnie L
Bought by
Dong Wen K
Seller's Agent
Tim Heney
Heney Realtors - Element Real Estate (Montpelier)
Buyer's Agent
Rebecca McCarty Copans
Green Light Real Estate
List Price
$290,000
Sold Price
$275,000
Premium/Discount to List
-$15,000
-5.17%
Current Estimated Value
$517,507

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$242,507
Avg. Annual Appreciation
5.81%
Source: Public Records

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 Buyer Sale Price Title Company
Dong Wen K $275,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/19/2014 08/19/14 Sold $275,000 -5.2% $95 / Sq Ft
06/25/2014 06/25/14 Pending -- -- --
02/03/2014 02/03/14 For Sale $290,000 -- $100 / 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 $6,079 $349,500 $92,800 $256,700
2023 $4,275 $349,500 $92,800 $256,700
2022 $7,730 $251,400 $54,500 $196,900
2021 $7,767 $251,400 $54,500 $196,900
2020 $7,674 $251,400 $54,500 $196,900
2019 $7,307 $251,400 $54,500 $196,900
2018 $7,031 $251,400 $54,500 $196,900
2016 $6,657 $251,400 $54,500 $196,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4335396

PrimeMLS

APN: 405-126-12245