NOT LISTED FOR SALE

201 S Prospect St Burlington, VT 05401

Hill Section Neighborhood

Estimated Value: $662,000

6 Beds
2 Baths
2,940 Sq Ft
$225/Sq Ft Est. Value

Last Sold August 31, 2023

Last sale price $650,000 $221 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,664/month

95 Days on Market

Highlights

  • Forced Air Heating System
  • High Speed Internet
  • 4-minute walk to Fountain on the Green
  • Baseboard Heating

About This Home

As of August 2023

Incredible location with plenty of on-site parking, one block away from UVM & Champlain College Campuses. 201 & 205 South Prospect Street are being marketed for sale together, for $2.3m. They will NOT be sold separately. Impressive rent history, and currently 100% occupied, and leased through 2024. Financials provided to qualified buyers. NDA attached Initial showing: Wednesday March 29th 4-6PM

Last Agent to Sell the Property

Steve Donahue

Donahue & Associates, LLC License #081.0004508 Listed on: 03/24/2023

Co-Listed By

Meg McGovern

Donahue & Associates, LLC License #081.0085443

Last Buyer's Agent

Mikail Stein

RE/MAX North Professionals License #082.0093313

RE/MAX North Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,771

Year Built

  • Built in 1978

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Sloped Up

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation
  • Wood Frame Construction
  • Metal Roof

Interior Spaces

  • 2.5-Story Property
  • Walk-Out Basement

Parking

  • 21 Car Parking Spaces
  • Shared Driveway
  • Dirt Driveway
  • On-Site Parking

Schools

  • Edmunds Elementary School
  • Edmunds Middle School
  • Burlington High School

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Separate Meters
  • Water Heater Leased
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • 2 Units
  • Self Managed Association

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,771

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Duplex
  • Directions: Heading west on Main Street (Rt 2), turn left onto South Prospect Street. Turn right into drive after 205 South Prospect Street, follow drive to back parking area.
  • Assessment Year: 2021
  • Construction: Existing
  • Total Stories: 2.5
  • Price Per Sq Ft: 221.09
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 4704
  • Sq Ft - Apx Total Finished: 2940
  • Year Built: 1978
  • Remarks Public: Incredible location with plenty of on-site parking, one block away from UVM & Champlain College Campuses. 201 & 205 (MLS 4946606) South Prospect Street are being marketed for sale together, for $2.3m. They will NOT be sold separately. Impressive rent history, and currently 100% occupied, and leased through 2024. Financials provided to qualified buyers. NDA attached Initial showing: Wednesday March 29th 4-6PM
  • List Agent: 13283
  • Unique Disclaimer: The listing broker's offer of compensation is made only to other real estate licensees who are participant members of PrimeMLS.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Concrete Floor
  • Sq Ft - Apx Finished AG: 2940
  • Sq Ft - Apx Unfinished AG: 588
  • Sq Ft - Apx Unfinished BG: 1176

Exterior Features

  • Construction: Wood Frame
  • Driveway: Common/Shared, Dirt
  • Exterior: Aluminum, Brick Veneer
  • Foundation: Block
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Metal

Garage/Parking

  • Parking: On-Site, Parking Spaces 21+

Utilities

  • Electric: Circuit Breaker(s)
  • Fuel Company: VT Gas
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas - Natural, Rented
  • Heating Fuel: Gas - Natural
  • Heating: Baseboard, Forced Air
  • Electric Company: BED
  • Separate Utilities: Yes
  • Utilities: Cable - At Site, High Speed Intrnt -Atsite

Condo/Co-op/Association

  • Management Company: Self-managed

Fee Information

  • Tax Class: Non-Homestead

Schools

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

Lot Info

  • Lot Sq Ft: 9148
  • Lot Acres: 0.21
  • Lot Description: City Lot, Sidewalks
  • Surveyed: Yes
  • Surveyed By: CEA INC, parking diagram
  • Zoning: RL
  • Deed Book: 443
  • Deed Page: 75-76
  • Deed Recorded Type: Warranty

Multi Family

  • Total Units: 2
  • Total2 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 12770.64
  • Tax Year: 2022

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2023
Closed on
Aug 31, 2023
Sold by
Bing Enterprises Ltd
Bought by
Btv Invest Llc
Seller's Agent
Steve Donahue
Donahue & Associates, LLC
Buyer's Agent
Mikail Stein
RE/MAX North Professionals
List Price
$700,000
Sold Price
$650,000
Premium/Discount to List
-$50,000
-7.14%
Views
329
Current Estimated Value
$662,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,000

Purchase Details

Closed on
Sep 27, 1991
Sold by
Crook James H and Crook Andrea G
Bought by
Bing Enterprises Ltd

Purchase Details

Closed on
Oct 14, 1988
Sold by
Trono J Peter
Bought by
Crook James H and Crook Andrea G
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Btv Invest Llc $650,000 --
Btv Invest Llc $650,000 --
Bing Enterprises Ltd $628,000 --
Crook James H $197,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2023 08/31/23 Sold $650,000 -7.1% $221 / Sq Ft
06/27/2023 06/27/23 Pending -- -- --
03/24/2023 03/24/23 For Sale $700,000 -- $238 / 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
2023 $12,773 $604,500 $183,000 $421,500
2022 $12,771 $604,500 $183,000 $421,500
2021 $13,305 $604,500 $182,800 $421,700
2020 $12,082 $392,600 $189,900 $202,700
2019 $11,491 $392,600 $189,900 $202,700
2018 $11,036 $392,600 $189,900 $202,700
2017 $10,457 $392,600 $189,900 $202,700
2016 $10,217 $392,600 $189,900 $202,700
Source: Public Records

Agents Affiliated with this Home

  • Steve Donahue

    Seller's Agent in 2023

    Steve Donahue

    Donahue & Associates, LLC

    (802) 343-6471

    4 in this area

    12 Total Sales

    Steve Donahue
    Section Image
  • Meg McGovern

    Seller Co-Listing Agent in 2023

    Meg McGovern

    Donahue & Associates, LLC

    (802) 343-6471

    6 in this area

    17 Total Sales

    Meg McGovern
    Section Image
  • Mikail Stein

    Buyer's Agent in 2023

    Mikail Stein

    RE/MAX

    (800) 639-4520

    6 in this area

    180 Total Sales

    Mikail Stein
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4946607

PrimeMLS

APN: (035) 050-3-009-000

Vermont Chittenden County Burlington 05401 Hill Section

201 S Prospect St, Burlington, VT

This home is located at 201 S Prospect St, Burlington, VT 05401 since 24 March 2023 and is currently estimated at $662,000, approximately $225 per square foot. This property was built in 1978. 201 S Prospect St is a home located in Chittenden County with nearby schools including Edmunds Elementary School, Edmunds Middle School, and Burlington Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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