NOT LISTED FOR SALE

20-22 Ward St Burlington, VT 05401

Old North End Neighborhood
10 Beds
4 Baths
2,816 Sq Ft
6,970 Sq Ft Lot

Last Sold November 30, 2023

Last sale price $1,200,000 $426 Per Sq Ft

10 Days on Market

About This Home

As of November 2023

Two buildings on one lot. Back building is a single family four bedroom. Front building is a duplex with three bedrooms in each unit. Many recent upgrades and improvements including roofs and many appliances. $9250 a month in rents with tenants paying all utilities leaving great cash flow! All current leases expire 05/25/2024.

Last Agent to Sell the Property

Frank D. Marcou Jr

Marcou Real Estate License #081.0003979 Listed on: 10/17/2023

Last Buyer's Agent

The Signature Realty Group

Signature Properties of Vermont

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,930

Year Built

  • Built in 1928

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Sloped Up

Home Design

  • Flat Roof Shape
  • Wood Frame Construction
  • Shingle Roof
  • Rolled or Hot Mop Roof
  • Clap Board Siding

Interior Spaces

  • 4 Full Bathrooms
  • 2-Story Property

Basement

  • Partial Basement
  • Interior Basement Entry

Parking

  • 510 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Off-Street Parking

Schools

  • Integrated Arts Academy Elementary School
  • Edmunds Middle School
  • Burlington High School

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Separate Meters
  • Water Heater Leased
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Gas Meters
  • Operating Expense $7,004
  • Gross Income $111,000
  • Net Operating Income $103,996

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,930

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 426.14
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3952
  • Sq Ft - Apx Total Finished: 2816
  • Year Built: 1928
  • Remarks Public: Two buildings on one lot. Back building is a single family four bedroom. Front building is a duplex with three bedrooms in each unit. Many recent upgrades and improvements including roofs and many appliances. $9250 a month in rents with tenants paying all utilities leaving great cash flow! All current leases expire 05/25/2024.
  • List Agent: 11523
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Partial
  • Sq Ft - Apx Finished AG: 2816
  • Sq Ft - Apx Unfinished BG: 1136

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Clapboard
  • Foundation: Fieldstone
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Flat, Rolled, Shingle - Asphalt

Garage/Parking

  • Parking: Driveway, Off Street, Parking Spaces 5 - 10

Utilities

  • Cable Company: Comcast/ Burl Telecom
  • Electric: Circuit Breaker(s)
  • Fuel Company: Vt Gas
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas - Natural, Rented
  • Heating Fuel: Gas - Natural
  • Heating: Baseboard, Hot Water, Wall Units
  • 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
  • Utilities: Cable - Available, Fiber Optic Internt Avail

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Burlington School District
  • Elementary School: Integrated Arts Academy
  • Middle School: Edmunds Middle School
  • High School: Burlington High School
  • Elementary School: Integrated Arts Academy
  • High School: Burlington High School

Lot Info

  • Lot Sq Ft: 6970
  • Lot Acres: 0.16
  • Lot Description: City Lot
  • Zoning: res
  • Deed Book: 966
  • Deed Page: 225
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 111000
  • Net Income: 103996
  • Total Full Baths: 4
  • Total Units: 3
  • Total3 Plus Bedroom Units: 3

Tax Info

  • Tax Gross Amount: 15929.68
  • Tax Year: 2023

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2006
Sold by
Poratti John and Poratti Christopher
Bought by
Kirkpatrick Thomas M and Hebeler Suzanne M

Purchase Details

Closed on
May 2, 2003
Sold by
Bombard Earl and Bombard Deborah
Bought by
Bank Of New York Trust
Source: Public Records

Range of Values:

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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
Kirkpatrick Thomas M $380,000 --
Kirkpatrick Thomas M $380,000 --
Bank Of New York Trust -- --
Bank Of New York Trust -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2023 11/30/23 Sold $1,200,000 -2.0% $426 / Sq Ft
10/27/2023 10/27/23 Pending -- -- --
10/17/2023 10/17/23 For Sale $1,225,000 -- $435 / 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 $17,456 $722,200 $120,400 $601,800
2023 $15,260 $722,200 $120,400 $601,800
2022 $15,203 $722,200 $120,400 $601,800
2021 $15,533 $722,200 $120,100 $602,100
2020 $13,851 $461,700 $136,100 $325,600
2019 $13,167 $461,700 $136,100 $325,600
2018 $12,670 $461,700 $136,100 $325,600
2017 $12,297 $461,700 $136,100 $325,600
2016 $12,016 $461,700 $136,100 $325,600
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2023

    Frank D. Marcou Jr

    Marcou Real Estate

    (802) 238-8387

    2 in this area

    7 Total Sales

    Section Image

  • T

    Buyer's Agent in 2023

    The Signature Realty Group

    Signature Properties of Vermont

    (802) 872-8881

    4 in this area

    301 Total Sales

    Section Image
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Map

Source: PrimeMLS

MLS Number: 4974790

PrimeMLS

APN: (035) 043-3-079-000

Vermont Chittenden County Burlington 05401 Old North End

20-22 Ward St, Burlington, VT

This home is located at 20-22 Ward St, Burlington, VT 05401 since 17 October 2023. This property was built in 1928. 20-22 Ward St is a home located in Chittenden County with nearby schools including Sustainability Academy at Lawrence Barnes, Lyman C. Hunt Middle School, and Burlington Senior High School.

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