NOT LISTED FOR SALE

Estimated Value: $811,000 - $1,496,000

3 Beds
3 Baths
3,256 Sq Ft
$338/Sq Ft Est. Value

Last Sold March 08, 2019

Last sale price $820,000 $252 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $7,446/month

7 Days on Market

Highlights

  • Wood Flooring
  • Parking Storage or Cabinetry
  • Mini Split Air Conditioners
  • 3 Car Detached Garage
  • Wood Siding

About This Home

As of March 2019

This gorgeous, Greek Revival, multi-family home, was once an old school house and is now one of only two that remain in Burlington. This brick beauty has been converted into 3 ultra modern, 1-bedroom apartments. No stone was left unturned in this renovation and special consideration was given to maximize light, space, and efficiency without compromising the minimal yet warm aesthetic. Great rental history, but also ideal for an owner-occupant or as an airbnb. Separate utilities, ample off-street parking, and an outbuilding suitable for 3 cars with room for extra storage and/or a studio or workshop, make this property even more desirable and versatile. This property offers historic charm & modern style in an unbeatable Downtown location. Showings begin 1/27/19.

Last Agent to Sell the Property

Jessica Bridge

Element Real Estate License #081.0109606 Listed on: 01/23/2019

Last Buyer's Agent

Jeffrey Amato

Vermont Real Estate Company License #082.0113712

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,551

Year Built

  • Built in 1850

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Sloped Up

Parking

  • 3 Car Detached Garage
  • Parking Storage or Cabinetry
  • Shared Driveway

Home Design

  • Brick Exterior Construction
  • Stone Foundation
  • Wood Frame Construction
  • Architectural Shingle Roof
  • Wood Siding

Interior Spaces

  • 3 Full Bathrooms
  • 3,256 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Interior Basement Entry

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Schools

  • Edmunds Middle School
  • Burlington High School

Utilities

  • Mini Split Air Conditioners
  • Radiator
  • Heat Pump System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Water Heater

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Gas Meters
  • Operating Expense $17,784
  • Gross Income $61,740
  • Net Operating Income $43,955

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,551

Year Built

Built in 1850

Lot Details

0

Parking

3

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Directions: Battery Street to King Street, right onto S Champlain St, home on left, sign on lawn.
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 251.84
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 4072
  • Sq Ft - Apx Total Finished: 3256
  • Year Built: 1850
  • Remarks Public: This gorgeous, Greek Revival, multi-family home, was once an old school house and is now one of only two that remain in Burlington. This brick beauty has been converted into 3 ultra modern, 1-bedroom apartments. No stone was left unturned in this renovation and special consideration was given to maximize light, space, and efficiency without compromising the minimal yet warm aesthetic. Great rental history, but also ideal for an owner-occupant or as an airbnb. Separate utilities, ample off-street parking, and an outbuilding suitable for 3 cars with room for extra storage and/or a studio or workshop, make this property even more desirable and versatile. This property offers historic charm & modern style in an unbeatable Downtown location. Showings begin 1/27/19.
  • List Agent: 23550
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Ceramic Tile, Carpet, Hardwood
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Unfinished
  • Sq Ft - Apx Finished AG: 3256
  • Sq Ft - Apx Unfinished BG: 816

Exterior Features

  • Construction: Wood Frame
  • Driveway: Common/Shared
  • Exterior: Brick, Wood Siding
  • Foundation: Stone
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle - Architectural

Garage/Parking

  • Garage Capacity: 3
  • Garage Description: Storage Above
  • Garage Type: Detached

Utilities

  • Electric: Circuit Breaker(s)
  • Fuel Company: VT Gas
  • Sewer: Public
  • Water: Public
  • Water Heater: Domestic
  • Heating Fuel: Gas - Natural
  • Heating: Heat Pump, Radiator
  • Cooling: Mini Split
  • Electric Company: Burlington Electric
  • 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

Condo/Co-op/Association

  • Management Company: self

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Burlington School District
  • Middle School: Edmunds Middle School
  • High School: Burlington High School
  • High School: Burlington High School

Lot Info

  • Lot Sq Ft: 6098
  • Lot Acres: 0.14
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: RH
  • Deed Book: 1319
  • Deed Page: 112
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 61740
  • Net Income: 43955
  • Total Full Baths: 3
  • Total Units: 3
  • Total1 Bedroom Units: 3

Tax Info

  • Tax Year Notes: 2018-2019
  • Tax Gross Amount: 8551.04
  • Tax Year: 2018

MLS Schools

  • School District: Burlington School District
  • School Middle Jr: Edmunds Middle School

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
03/08/2019 03/08/19 Sold $820,000 -0.6% $252 / Sq Ft
01/30/2019 01/30/19 Pending -- -- --
01/23/2019 01/23/19 For Sale $825,000 -- $253 / 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 $19,027 $787,200 $159,900 $627,300
2023 $16,634 $787,200 $159,900 $627,300
2022 $16,573 $787,200 $159,900 $627,300
2021 $14,724 $680,500 $152,900 $527,600
2020 $17,857 $591,800 $137,900 $453,900
2019 $17,321 $591,800 $137,900 $453,900
2018 $8,551 $304,200 $137,900 $166,300
2017 $8,102 $304,200 $137,900 $166,300
2016 $7,305 $280,700 $137,900 $142,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4734036

PrimeMLS

APN: (035) 049-1-049-000