NOT LISTED FOR SALE

206 Park St Burlington, VT 05401

Old North End Neighborhood

Estimated Value: $559,000 - $654,000

7 Beds
2 Baths
2,444 Sq Ft
$250/Sq Ft Est. Value

Last Sold May 17, 2019

Last sale price $320,000 $131 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $4,247/month

9 Days on Market

Highlights

  • Space Heater
  • Wood Siding
  • Walk-Up Access

About This Home

As of May 2019

Invest in this Burlington Duplex - 2 single level units in the Old North End. Seize this rare opportunity to enter the Burlington multi-family market with a property boasting tremendous upsides on rent. Configured as a 3 bedroom and a 4 bedroom apartment, the great location just blocks from downtown keeps desirable units like these occupied. like many in Vermont’s largest city, the building has a classic feel – tin ceilings, wood siding, slate roof - just steps to Battery Park, waterfront, Church Street Marketplace, colleges and hospital – all that draws folks to this great city.

Last Agent to Sell the Property

Lipkin Audette Team

Coldwell Banker Hickok and Boardman Listed on: 03/13/2019

Coldwell Banker Hickok and Boardman

Last Buyer's Agent

Lipkin Audette Team

Coldwell Banker Hickok and Boardman Listed on: 03/13/2019

Coldwell Banker Hickok and Boardman

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,704

Year Built

  • Built in 1899

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Sloped Up

Home Design

  • Duplex
  • Stone Foundation
  • Wood Frame Construction
  • Slate Roof
  • Wood Siding

Interior Spaces

  • 2 Full Bathrooms
  • 2.5-Story Property
  • Unfinished Basement
  • Walk-Up Access

Parking

  • Gravel Driveway
  • Off-Street Parking

Utilities

  • Space Heater
  • Heating System Uses Natural Gas
  • Water Heater

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Gas Meters
  • Operating Expense $11,343
  • Gross Income $24,000
  • Net Operating Income $12,657

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,704

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Duplex
  • Directions: From Pearl Street, head North on North Champlain Street (Route 127), left on Manhattan Drive, then the next left on Park Street.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2.5
  • Price Per Sq Ft: 130.93
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3822
  • Sq Ft - Apx Total Finished: 2444
  • Year Built: 1899
  • Remarks Public: Invest in this Burlington Duplex - 2 single level units in the Old North End. Seize this rare opportunity to enter the Burlington multi-family market with a property boasting tremendous upsides on rent. Configured as a 3 bedroom and a 4 bedroom apartment, the great location just blocks from downtown keeps desirable units like these occupied. Like many in Vermont’s largest city, the building has a classic feel – tin ceilings, wood siding, slate roof - just steps to Battery Park, waterfront, Church Street Marketplace, colleges and hospital – all that draws folks to this great city.
  • List Agent: 282798
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Unfinished
  • Sq Ft - Apx Finished AG: 2444
  • Sq Ft - Apx Unfinished AG: 416
  • Sq Ft - Apx Unfinished BG: 962

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Wood Siding
  • Foundation: Stone
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Slate

Garage/Parking

  • Parking: Off Street

Utilities

  • Electric: Circuit Breaker(s)
  • Fuel Company: Vermont Gas
  • Sewer: Public
  • Water: Public
  • Water Heater: Tank
  • Heating Fuel: Gas - Natural
  • Heating: Space Heater
  • Electric Company: Burlington Electric
  • Separate Utilities: Varies
  • Total Electric Meters: 2
  • Total Gas Meters: 2
  • Total Heat Units: 2
  • Total Ranges: 2
  • Total Refrigerators: 2
  • Total Water Heaters: 2

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 1742
  • Lot Acres: 0.04
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: RM
  • Deed Book: 508
  • Deed Page: 575-577
  • Deed Recorded Type: Quit Claim

Multi Family

  • Gross Income: 24000
  • Net Income: 12657
  • Total Full Baths: 2
  • Total Units: 2
  • Total3 Plus Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 6704.2
  • Tax Year: 2018

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
05/17/2019 05/17/19 Sold $320,000 -1.5% $131 / Sq Ft
03/22/2019 03/22/19 Pending -- -- --
03/13/2019 03/13/19 For Sale $325,000 -- $133 / 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 $11,268 $466,200 $96,000 $370,200
2023 $9,851 $466,200 $96,000 $370,200
2022 $9,849 $466,200 $96,000 $370,200
2021 $10,261 $466,200 $96,000 $370,200
2020 $8,318 $270,300 $87,100 $183,200
2019 $6,981 $238,500 $87,100 $151,400
2018 $6,704 $238,500 $87,100 $151,400
2017 $6,352 $238,500 $87,100 $151,400
2016 $6,207 $238,500 $87,100 $151,400
Source: Public Records

Agents Affiliated with this Home

  • Lipkin Audette Team

    Seller's Agent in 2019

    Lipkin Audette Team

    Coldwell Banker Hickok and Boardman

    (802) 846-8800

    104 in this area

    1,126 Total Sales

    Lipkin Audette Team
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Map

Source: PrimeMLS

MLS Number: 4740119

PrimeMLS

APN: (035) 044-1-074-000

Vermont Chittenden County Burlington 05401 Old North End

206 Park St, Burlington, VT

This home is located at 206 Park St, Burlington, VT 05401 since 13 March 2019 and is currently estimated at $611,954, approximately $250 per square foot. This property was built in 1899. 206 Park 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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