NOT LISTED FOR SALE

Estimated Value: $593,000 - $630,000

4 Beds
3 Baths
2,078 Sq Ft
$294/Sq Ft Est. Value

Last Sold December 30, 2022

Last sale price $545,000 $262 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,908/month

108 Days on Market

Highlights

  • 3 Car Detached Garage
  • Forced Air Heating System
  • High Speed Internet
  • Parking Storage or Cabinetry
  • Baseboard Heating

About This Home

As of December 2022

This building has historically been easy to rent and has long term tenants. The owner has invested in individual boilers and water heaters so that the tenants pay for their own heat and hot water. The detached garage has a natural gas line to it, is insulated and finished with storage above. At present the owner uses the garage solely for himself, so there is potential additional income should the next owner want to rent out garage space. Unit 2 will be available for occupancy September 1st.

Last Agent to Sell the Property

Michael Skinner

KW Vermont License #082.0002830 Listed on: 08/09/2022

KW Vermont

Last Buyer's Agent

Karen Waters

Coldwell Banker Hickok and Boardman License #082.0005380

Coldwell Banker Hickok and Boardman

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,398

Year Built

  • Built in 1899

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Sloped Up

Parking

  • 3 Car Detached Garage
  • Parking Storage or Cabinetry
  • Heated Garage
  • Dry Walled Garage

Home Design

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

Interior Spaces

  • 3 Full Bathrooms
  • 2,078 Sq Ft Home
  • 2-Story Property

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Schools

  • Burlington High School

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Underground Utilities
  • 100 Amp Service
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

Overview

  • 3 Units

Building Details

  • 4 Separate Gas Meters
  • Operating Expense $10,145
  • Gross Income $42,300
  • Net Operating Income $32,155

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,398

Year Built

Built in 1899

Lot Details

0

Parking

3

Listing Details

  • Status Detail: Closed
  • Directions: From North Street, travel on North Champlain St, property is on your left.
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 262.27
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3239
  • Sq Ft - Apx Total Finished: 2078
  • Year Built: 1899
  • List Agent: 8186
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Concrete Floor, Full, Unfinished
  • Sq Ft - Apx Finished AG: 2078
  • Sq Ft - Apx Unfinished BG: 1161

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl Siding
  • Foundation: Block, Stone
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt, Slate

Garage/Parking

  • Garage Capacity: 3
  • Parking: On-Site, Parking Spaces 5
  • Garage: Yes
  • Garage Description: Finished, Heated, Storage Above
  • Garage Type: Detached

Utilities

  • Electric: 100 Amp
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas - Natural, Owned
  • Heating Fuel: Gas - Natural
  • Heating: Baseboard, Forced Air
  • Total Gas Meters: 4
  • Total Heat Units: 3
  • Total Ranges: 3
  • Total Refrigerators: 3
  • Total Water Heaters: 3
  • Utilities: Cable, Gas - Underground, High Speed Intrnt -Atsite

Fee Information

  • Tax Class: Non-Homestead

Schools

  • High School: Burlington High School

Lot Info

  • Lot Sq Ft: 6534
  • Lot Acres: 0.15
  • Lot Description: City Lot, Sidewalks
  • Surveyed: Unknown
  • Zoning: Res-Med Density
  • Deed Book: 815
  • Deed Page: 1
  • Deed Recorded Type: Quit Claim

Multi Family

  • Gross Income: 42300
  • Net Income: 32155
  • Total Full Baths: 3
  • Total Units: 3
  • Total1 Bedroom Units: 2
  • Total2 Bedroom Units: 1

Tax Info

  • Taxes TBD: Yes
  • Tax Gross Amount: 7398.32
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2022
Closed on
Dec 30, 2022
Sold by
Foss David B
Bought by
Chodon Tsering and Khang-Ghongma Tsering
Seller's Agent
Michael Skinner
KW Vermont
Buyer's Agent
Karen Waters
Coldwell Banker Hickok and Boardman
List Price
$575,000
Sold Price
$545,000
Premium/Discount to List
-$30,000
-5.22%
Views
88
Current Estimated Value
$611,918

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,918
Avg. Annual Appreciation
4.19%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Chodon Tsering $545,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2022 12/30/22 Sold $545,000 -5.2% $262 / Sq Ft
11/25/2022 11/25/22 Pending -- -- --
08/09/2022 08/09/22 For Sale $575,000 -- $277 / 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 $8,464 $350,200 $118,100 $232,100
2023 $7,400 $350,200 $118,100 $232,100
2022 $7,398 $350,200 $118,100 $232,100
2021 $7,708 $350,200 $118,100 $232,100
2020 $8,045 $261,400 $171,100 $90,300
2019 $7,651 $261,400 $171,100 $90,300
2018 $7,348 $261,400 $171,100 $90,300
2017 $6,962 $261,400 $171,100 $90,300
2016 $6,803 $261,400 $171,100 $90,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4924628

PrimeMLS

APN: (035) 044-1-118-000