NOT LISTED FOR SALE

193-195 Elmwood Ave Burlington, VT 05401

Old North End Neighborhood
5 Beds
3 Baths
2,736 Sq Ft
3,572 Sq Ft Lot

Last Sold December 21, 2022

Last sale price $655,000 $239 Per Sq Ft

7 Days on Market

Highlights

  • Corner Lot
  • Hot Water Heating System
  • High Speed Internet

About This Home

As of December 2022

Attention investors! An excellent opportunity awaits you with this 3-unit property located on a nice corner lot in the Old North End of Burlington. Well-maintained, spacious, and sunny apartments with lots of original woodwork and large bedrooms. Offering one 3-bedroom unit on the main floor plus two 1-bedroom units on the second level. Each unit features a private enclosed sunporch that tenants love. Convenient location just a few blocks from Church Street Marketplace and the waterfront, plus easy access to colleges and the UVM Medical Center.

Last Agent to Sell the Property

Lipkin Audette Team

Coldwell Banker Hickok and Boardman Listed on: 11/01/2022

Coldwell Banker Hickok and Boardman

Last Buyer's Agent

Lipkin Audette Team

Coldwell Banker Hickok and Boardman Listed on: 11/01/2022

Coldwell Banker Hickok and Boardman

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,805

Year Built

  • Built in 1899

Lot Details

  • 3,572 Sq Ft Lot
  • Corner Lot
  • Lot Sloped Up

Parking

  • Gravel Driveway

Home Design

  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Clap Board Siding
  • Vinyl Siding

Interior Spaces

  • 2,736 Sq Ft Home
  • 2.5-Story Property
  • Unfinished Basement
  • Interior Basement Entry

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Water Heater
  • High Speed Internet

Community Details

Overview

  • 3 Units

Building Details

  • 2 Separate Gas Meters
  • Operating Expense $20,221
  • Gross Income $72,600
  • Net Operating Income $52,379

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,805

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Directions: From North Street in Burlington turn onto Elmwood Avenue. Property will be on your left, on the corner of Elmwood Ave and Cedar Street.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2.5
  • Price Per Sq Ft: 239.4
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 4104
  • Sq Ft - Apx Total Finished: 2736
  • Year Built: 1899
  • List Agent: 282798
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Unfinished
  • Sq Ft - Apx Finished AG: 2736
  • Sq Ft - Apx Unfinished BG: 1368

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Clapboard, Vinyl
  • Foundation: Brick, Stone
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle - Asphalt

Utilities

  • Electric: Circuit Breaker(s)
  • Fuel Company: Vermont Gas
  • Sewer: Public
  • Water: Public
  • Water Heater: Owned
  • Heating Fuel: Gas - Natural
  • Heating: Hot Water
  • Electric Company: Burlington Electric
  • Total Electric Meters: 4
  • Total Gas Meters: 2
  • Utilities: High Speed Intrnt -Avail

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 3572
  • Lot Acres: 0.082
  • Lot Description: City Lot, Corner
  • Surveyed: Unknown
  • Zoning: RM
  • Deed Book: 1320
  • Deed Page: 541-542
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 72600
  • Net Income: 52379
  • Total Units: 3
  • Total1 Bedroom Units: 2
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Year Notes: 2021-2022
  • Tax Gross Amount: 10804.68
  • Tax Year: 2022

MLS Schools

  • School District: Burlington School District

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
12/21/2022 12/21/22 Sold $655,000 +0.8% $239 / Sq Ft
11/08/2022 11/08/22 Pending -- -- --
11/01/2022 11/01/22 For Sale $650,000 -- $238 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Lipkin Audette Team

    Seller's Agent in 2022

    Lipkin Audette Team

    Coldwell Banker Hickok and Boardman

    (802) 846-8800

    102 in this area

    1,106 Total Sales

    Lipkin Audette Team
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Map

Source: PrimeMLS

MLS Number: 4935609

PrimeMLS
Vermont Chittenden County Burlington 05401 Old North End

193-195 Elmwood Ave, Burlington, VT

Not Listed for Sale

MultiFamily

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