NOT LISTED FOR SALE

188 Spring St Saint Johnsbury, VT 05819

Estimated Value: $220,000 - $306,000

6 Beds
2 Baths
2,641 Sq Ft
$100/Sq Ft Est. Value

Last Sold March 29, 2022

Last sale price $167,000 $63 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $1,822/month

245 Days on Market

Highlights

  • Wood Flooring
  • Hot Water Heating System
  • Wood Siding
  • Shed

About This Home

As of March 2022

INVESTORS TAKE NOTICE! If you're looking for an investment property that has great income potential than this triplex could be the one for you. The property is fully rented and in a very desirable location "on the hill" in St. Johnsbury. The location, strong rental history and solid CAP rate make it a perfect opportunity for some extra income. Apartment 1- 3 bedrooms with a full bath and a large living room that offers beautiful hardwood floors and lots of natural light. Apartment 2- 2 bedrooms with a full bath, spacious living room, and pantry. Apartment 3 is a small, but cozy 1 bedroom and 3/4 bath unit. New propane heating system, hot water heater, replacement Harvey windows and freshly painted exterior siding. Occupants will also have the option to send their kids to Saint Johnsbury Academy ("among the best private schools in Vermont") free of charge! Division of Fire safety Inspection has been completed!

Last Agent to Sell the Property

Kara Koptiuch

Vermont Real Estate Company Listed on: 06/15/2021

Co-Listed By

David Lawrence

Vermont Real Estate Company License #082.0134247

Last Buyer's Agent

Katy Rossell

Tim Scott Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Sloped Up

Home Design

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

Interior Spaces

  • 2 Full Bathrooms
  • 2-Story Property

Flooring

  • Wood
  • Carpet
  • Vinyl

Unfinished Basement

  • Connecting Stairway
  • Interior Basement Entry
  • Dirt Floor

Parking

  • Gravel Driveway
  • Dirt Driveway
  • On-Site Parking

Outdoor Features

  • Shed

Schools

  • St. Johnsbury Schools Elementary And Middle School

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas
  • Separate Meters
  • Liquid Propane Gas Water Heater

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $13,043
  • Gross Income $29,700
  • Net Operating Income $16,657

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Directions: 188 Spring Street St Johnsbury,VT. From Railroad Street/Maple Street intersection in St. Johnsbury take Maple Street towards Main Street, Turn right onto Main Street, Take your first left onto Winter Street, Take your second left onto Spring, 188.
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 63.23
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3864
  • Sq Ft - Apx Total Finished: 2641
  • Year Built: 1900
  • List Agent: 25886
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Hardwood, Vinyl
  • Total Rooms Above Ground: 9
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Dirt Floor, Unfinished, Stairs - Basement
  • Sq Ft - Apx Finished AG: 2641
  • Sq Ft - Apx Unfinished AG: 400
  • Sq Ft - Apx Unfinished BG: 823

Exterior Features

  • Construction: Wood Frame
  • Driveway: Dirt, Gravel
  • Exterior: Vinyl Siding, Wood Siding
  • Foundation: Concrete, Fieldstone, Stone
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle
  • Easements: Yes
  • Features Exterior: Shed

Garage/Parking

  • Parking: Driveway, On-Site

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas - LP/Bottle, Owned
  • Heating Fuel: Gas - LP/Bottle
  • Heating: Hot Water
  • Separate Utilities: Yes
  • Total Electric Meters: 3
  • Total Heat Units: 2
  • Total Ranges: 3
  • Total Refrigerators: 3
  • Total Water Heaters: 1
  • Utilities: Gas - Lp/Bottle

Fee Information

  • Tax Class: Non-Homestead

Schools

  • Elementary School: St. Johnsbury Schools

Lot Info

  • Lot Sq Ft: 7405
  • Land Gains: To Be Determined
  • Lot Acres: 0.17
  • Lot Description: Sidewalks
  • Surveyed: Unknown
  • Zoning: Residential B
  • Deed Book: 449
  • Deed Page: 268-9
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 29700
  • Net Income: 16657
  • Total Full Baths: 2
  • Total Units: 3
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Taxes TBD: Unknown
  • Tax Gross Amount: 4603.8
  • Tax Year: 2021

MLS Schools

  • School District: St. Johnsbury School District
  • School Middle Jr: St. Johnsbury Schools

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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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
03/29/2022 03/29/22 Sold $167,000 -1.7% $63 / Sq Ft
02/15/2022 02/15/22 Pending -- -- --
02/07/2022 02/07/22 For Sale $169,900 0.0% $64 / Sq Ft
02/07/2022 02/07/22 Price Changed $169,900 +1.7% $64 / Sq Ft
08/27/2021 08/27/21 Off Market $167,000 -- --
08/13/2021 08/13/21 Pending -- -- --
06/15/2021 06/15/21 For Sale $159,000 -- $60 / 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 $5,339 $142,400 $33,800 $108,600
2023 $4,530 $142,400 $33,800 $108,600
2022 $3,673 $142,400 $33,800 $108,600
2021 $3,745 $142,400 $33,800 $108,600
2020 $3,733 $142,400 $33,800 $108,600
2019 $3,160 $132,660 $25,750 $106,910
2018 $2,317 $132,660 $25,750 $106,910
2016 $3,006 $132,660 $25,750 $106,910
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4866860

PrimeMLS

APN: 558-176-12094