NOT LISTED FOR SALE

185 Elmwood Ave Burlington, VT 05401

Old North End Neighborhood

Estimated Value: $651,000 - $689,000

6 Beds
3 Baths
2,618 Sq Ft
$256/Sq Ft Est. Value

Last Sold June 08, 2018

Last sale price $400,000 $153 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $4,644/month

30 Days on Market

Highlights

  • Covered Patio or Porch
  • High Speed Internet
  • Carpet
  • Baseboard Heating

About This Home

As of June 2018

Large 3 unit building with excellent rental history in the heart of downtown Burlington. Just a few minutes walking distance to Church Street and the Burlington Waterfront with plenty of parking. Rents below market. This property consists of a 3 bedroom, a 2 bedroom and a 1 bedroom apartment.

Last Agent to Sell the Property

John Abry

RE/MAX North Professionals License #081.0004444 Listed on: 03/08/2018

RE/MAX North Professionals

Last Buyer's Agent

Nancy Jenkins

Nancy Jenkins Real Estate License #081.0002472

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,189

Year Built

  • Built in 1899

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Sloped Up

Home Design

  • Brick Exterior Construction
  • Stone Foundation
  • Shingle Roof

Interior Spaces

  • 3 Full Bathrooms
  • 2,618 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Vinyl

Basement

  • Connecting Stairway
  • Interior Basement Entry
  • Dirt Floor

Parking

  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Separate Meters
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Gas Meters
  • Gross Income $38,400
  • Net Operating Income $23,157

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,189

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Directions: From downtown Burlington/Main Street, take South Winooski Ave north to left on Pearl Street then 2nd right on Elmwood. Building on left at corner of Cedar & Elmwood.
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 152.79
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 2618
  • Sq Ft - Apx Total Finished: 2618
  • Year Built: 1899
  • List Agent: 20554
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Vinyl
  • Total Rooms Above Ground: 14
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Dirt, Stairs - Interior
  • Sq Ft - Apx Finished AG: 2618

Exterior Features

  • Construction: Masonry
  • Driveway: Gravel
  • Exterior: Brick
  • Foundation: Stone
  • Road Frontage: TBD
  • Roads: Public
  • Roof: Shingle - Asphalt
  • Features Exterior: Porch, Porch - Covered

Garage/Parking

  • Parking: Off Street

Utilities

  • Cable Company: Choice
  • Electric: Circuit Breaker(s)
  • Fuel Company: VT Gas
  • Sewer: Public Sewer On-Site
  • Water: Public
  • Water Heater: Off Boiler
  • Heating Fuel: Gas - Natural
  • Heating: Baseboard
  • Electric Company: BED
  • Separate Utilities: Yes
  • Total Electric Meters: 3
  • Total Gas Meters: 3
  • Total Heat Units: 3
  • Total Ranges: 3
  • Total Refrigerators: 3
  • Total Water Heaters: 3
  • Trash: Cans, Curbside, Recycle
  • Utilities: Cable, High Speed Intrnt -Avail, Internet - Cable, Telephone Available

Condo/Co-op/Association

  • Restrictions: Pets - Negotiable
  • Management Company: Self

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 5227
  • Lot Acres: 0.12
  • Lot Description: City Lot
  • Row Parcel Access: Unknown
  • Surveyed: Unknown
  • Zoning: RES
  • Deed Book: 1363
  • Deed Page: 103
  • Deed Recorded Type: Quit Claim

Multi Family

  • Gross Income: 38400
  • Net Income: 23157
  • Sale Includes: Building
  • Total Full Baths: 3
  • Total Units: 3
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Year Notes: 2017-2018
  • Tax Gross Amount: 9189.08
  • Tax Year: 2017

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
06/08/2018 06/08/18 Sold $400,000 -3.6% $153 / Sq Ft
04/07/2018 04/07/18 Pending -- -- --
03/27/2018 03/27/18 Price Changed $415,000 -2.4% $159 / Sq Ft
03/08/2018 03/08/18 For Sale $425,000 -- $162 / 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 $13,436 $555,900 $114,000 $441,900
2023 $11,746 $555,900 $114,000 $441,900
2022 $11,697 $555,900 $114,000 $441,900
2021 $12,000 $555,900 $114,000 $441,900
2020 $10,959 $362,600 $108,900 $253,700
2019 $10,419 $362,600 $108,900 $253,700
2018 $9,698 $345,000 $108,900 $236,100
2017 $9,189 $345,000 $108,900 $236,100
2016 $8,979 $345,000 $108,900 $236,100
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    John Abry

    RE/MAX

    Section Image
  • Nancy Jenkins

    Buyer's Agent in 2018

    Nancy Jenkins

    Nancy Jenkins Real Estate

    (802) 578-2613

    7 Total Sales

    Nancy Jenkins
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4680190

PrimeMLS

APN: (035) 044-3-008-000

Vermont Chittenden County Burlington 05401 Old North End

185 Elmwood Ave, Burlington, VT

Not Listed for Sale

MultiFamily

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