NOT LISTED FOR SALE

Estimated Value: $679,000 - $776,263

7 Beds
3 Baths
2,233 Sq Ft
$332/Sq Ft Est. Value

Last Sold July 16, 2021

Last sale price $595,000 $266 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $5,044/month

About This Home

As of July 2021

Great Burlington investment opportunity in a prime location. This triplex offers turnkey apartments, parking, and a nice backyard. Consisting of two large one bedroom apartments plus a spacious 4 bedroom apartment with a total of 2,430 Square Feet. Tenants pay utilities, ample off street parking, enclosed front porch and separate upstairs back porch, plus small storage shed. Strong financials with an attractive cap rate. Invest in Burlington!

Last Agent to Sell the Property

Lipkin Audette Team

Coldwell Banker Hickok and Boardman Listed on: 07/16/2021

Coldwell Banker Hickok and Boardman

Last Buyer's Agent

Lipkin Audette Team

Coldwell Banker Hickok and Boardman Listed on: 07/16/2021

Coldwell Banker Hickok and Boardman

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,060

Year Built

  • Built in 1905

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Sloped Up

Parking

  • Paved Parking

Home Design

  • Stone Foundation
  • Wood Frame Construction
  • Slate Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Interior Basement Entry

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $18,150
  • Gross Income $64,500
  • Net Operating Income $46,350

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,060

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Directions: Heading West on Main Street, take a right onto South Willard Street and continue past Pearl Street to North Willard Street. Property will be a few houses past North Street on the right.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 266.46
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 6119
  • Sq Ft - Apx Total Finished: 2233
  • Property Type: Multi-Family
  • Year Built: 1905
  • Remarks Public: Great Burlington investment opportunity in a prime location. This triplex offers turnkey apartments, parking, and a nice backyard. Consisting of two large one bedroom apartments plus a spacious 4 bedroom apartment with a total of 2,430 Square Feet. Tenants pay utilities, ample off street parking, enclosed front porch and separate upstairs back porch, plus small storage shed. Strong financials with an attractive cap rate. Invest in Burlington!
  • L A1 M M S I Memberkey: 619510
  • L A3 M M S I Memberkey: 3231
  • L A3 User Code: 3231
  • List Agent: 282798
  • L O1 M M S I Officekey: 70112
  • L O3 M M S I Officekey: 70112
  • S A1 M M S I Memberkey: 619510
  • S O1 M M S I Officekey: 70112
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Unfinished
  • Sq Ft - Apx Finished AG: 2233
  • Sq Ft - Apx Unfinished AG: 3097
  • Sq Ft - Apx Unfinished BG: 789

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl
  • Foundation: Stone
  • Road Frontage: TBD
  • Roads: Public
  • Roof: Slate

Utilities

  • Electric: On-Site
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric, Gas - Natural
  • Heating Fuel: Gas - Natural
  • Heating: Baseboard, Direct Vent

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 6970
  • Lot Acres: 0.16
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: Residential Low Density
  • Deed Book: 1488
  • Deed Page: 298
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 64500
  • Net Income: 46350
  • Total Units: 3
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 9060.16
  • Tax Year: 2021

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
07/16/2021 07/16/21 Sold $595,000 0.0% $266 / Sq Ft
07/16/2021 07/16/21 Pending -- -- --
07/16/2021 07/16/21 For Sale $595,000 +9.2% $266 / Sq Ft
01/13/2020 01/13/20 Sold $545,000 -6.0% $224 / Sq Ft
11/20/2019 11/20/19 Pending -- -- --
09/09/2019 09/09/19 Price Changed $579,900 -3.3% $239 / Sq Ft
07/12/2019 07/12/19 Price Changed $599,900 -4.0% $247 / Sq Ft
05/30/2019 05/30/19 Price Changed $624,900 -3.1% $257 / Sq Ft
05/06/2019 05/06/19 Price Changed $644,900 -1.5% $265 / Sq Ft
04/09/2019 04/09/19 Price Changed $654,900 -0.8% $270 / Sq Ft
03/08/2019 03/08/19 For Sale $659,900 +120.0% $272 / Sq Ft
12/12/2014 12/12/14 Sold $300,000 -14.3% $134 / Sq Ft
08/27/2014 08/27/14 Pending -- -- --
07/24/2014 07/24/14 For Sale $350,000 -- $157 / 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 $12,477 $516,200 $121,500 $394,700
2023 $10,907 $516,200 $121,500 $394,700
2022 $10,905 $516,200 $121,500 $394,700
2021 $11,362 $516,200 $120,900 $395,300
2020 $9,060 $294,400 $166,600 $127,800
2019 $8,617 $294,400 $166,600 $127,800
2018 $8,276 $294,400 $166,600 $127,800
2017 $7,841 $294,400 $166,600 $127,800
2016 $6,956 $267,300 $166,600 $100,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4873166

PrimeMLS

APN: (035) 045-1-089-000