$1,000,000
SOLD DEC 18, 2024

220 Vermont 15 Unit 1-4 Jericho, VT 05465

8 Beds
4 Baths
4,864 Sq Ft
1 Acres

Recently Sold

$206 Per Sq Ft

9% Below List Price

58 Days on Market

Highlights

  • Mountain View
  • Deck
  • Landscaped
  • Jericho Elementary School Rated A-
  • Garden
  • Vinyl Plank Flooring

About This Home

As of December 2024

Great investment opportunity! Welcome to Jericho’s newest townhomes. A chance to own this four-unit development. Keep all four units as investment properties or keep some and sell the others. Condo conversion paperwork started. This project consists of 4 lovely light-filled units that were built in 2019. An open first floor plan includes a spacious kitchen, dining area, half bathroom, and large living room. A large slider steps out to a private deck and spacious back yard. Upstairs are two bedrooms with large closets and a full bathroom. The unfinished full basement provides laundry with an included washer and dryer and over 600 square feet of additional storage space. There is plenty of off-street parking, a raised bed garden area, and lots of room with the shared common acreage. Close to all that Jericho has to offer.

Last Agent to Sell the Property

David Raphael

Artisan Realty of Vermont License #081.0004274 Listed on: 09/19/2024

Last Buyer's Agent

Terri Edgerley

Edge Realty Vermont License #081.0134188

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,000

Year Built

  • Built in 2019

Lot Details

  • 1 Acre Lot
  • Landscaped
  • Lot Sloped Up
  • Garden

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 4 Full Bathrooms
  • 4,864 Sq Ft Home
  • 2-Story Property
  • Vinyl Plank Flooring
  • Mountain Views

Unfinished Basement

  • Connecting Stairway
  • Interior Basement Entry
  • Basement Storage

Parking

  • Shared Driveway
  • Paved Parking

Outdoor Features

  • Deck

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Individual Controls for Heating
  • Underground Utilities
  • 100 Amp Service
  • Shared Water Source
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Community Details

Overview

  • 4 Units
  • Second Chance Development Subdivision

Amenities

  • Common Area
  • Community Storage Space

Recreation

  • Snow Removal

Building Details

  • 4 Separate Gas Meters
  • Operating Expense $28,800
  • Gross Income $96,000
  • Net Operating Income $67,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,000

Year Built

Built in 2019

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Development Subdivision: Second Chance Development
  • Directions: Route 15 heading toward Underhill, property is on the right just after Community Bank.
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 205.59
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 7296
  • Sq Ft - Apx Total Finished: 4864
  • Year Built: 2019
  • Remarks Public: Great investment opportunity! Welcome to Jericho’s newest townhomes. A chance to own this four-unit development. Keep all four units as investment properties or keep some and sell the others. Condo conversion paperwork started. This project consists of 4 lovely light-filled units that were built in 2019. An open first floor plan includes a spacious kitchen, dining area, half bathroom, and large living room. A large slider steps out to a private deck and spacious back yard. Upstairs are two bedrooms with large closets and a full bathroom. The unfinished full basement provides laundry with an included washer and dryer and over 600 square feet of additional storage space. There is plenty of off-street parking, a raised bed garden area, and lots of room with the shared common acreage. Close to all that Jericho has to offer.
  • List Agent: 1410
  • Display On Internet: High Speed Intrnt -Avail
  • Architectural Style: Townhouse
  • ResoLotFeatures: Condo Development, Country Setting, Mountain View
  • Road Frontage Type: Paved, Public
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Water Heater–Natural Gas, Water Heater – On Demand, Water Heater – Tankless
  • Flooring: Vinyl Plank
  • Total Rooms Above Ground: 20
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Interior Access, Storage Space, Stairs - Interior, Unfinished
  • Sq Ft - Apx Finished AG: 4864
  • Sq Ft - Apx Unfinished BG: 2432

Exterior Features

  • Driveway: Common/Shared, Paved
  • Foundation: Concrete
  • Road Frontage: Yes
  • Roof: Shingle - Architectural
  • Features Exterior: Deck, Garden Space
  • Construction Type: Wood Frame, Vinyl Siding

Utilities

  • Electric: 100 Amp, Circuit Breaker(s)
  • Fuel Company: VT Gas
  • Sewer: On-Site Septic Exists
  • Heating: Natural Gas, Baseboard, Hot Water, Individual
  • Electric Company: GMP
  • Total Electric Meters: 5
  • Total Gas Meters: 4
  • Total Heat Units: 4
  • Total Ranges: 4
  • Total Refrigerators: 4
  • Total Water Heaters: 4
  • Utilities: Cable - Available, Underground Utilities
  • Water Source: Shared

Condo/Co-op/Association

  • Management Company: Self
  • Association Amenities: Snow Removal, Landscaping, Common Acreage, Storage - Indoor, Trash Removal

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 43560
  • Lot Acres: 1
  • Surveyed: Yes
  • Surveyed By: O'Leary Burke
  • Zoning: R
  • Deed Recorded Type: Deed to be Obtained
  • Unit/Lot Number: 1-4

Multi Family

  • Gross Income: 96000
  • Net Income: 67200
  • Total Full Baths: 4
  • Total Units: 4
  • Total2 Bedroom Units: 4

Tax Info

  • Tax Gross Amount: 16000
  • Tax Year: 2024

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
12/18/2024 12/18/24 Sold $1,000,000 -9.1% $206 / Sq Ft
11/16/2024 11/16/24 Pending -- -- --
11/12/2024 11/12/24 For Sale $1,100,000 0.0% $226 / Sq Ft
11/12/2024 11/12/24 Price Changed $1,100,000 +10.0% $226 / Sq Ft
10/28/2024 10/28/24 Off Market $1,000,000 -- --
09/19/2024 09/19/24 For Sale $1,200,000 -- $247 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • David Raphael

    Seller's Agent in 2024

    David Raphael

    Artisan Realty of Vermont

    (802) 363-7002

    7 in this area

    73 Total Sales

    David Raphael
    Section Image
  • Terri Edgerley

    Buyer's Agent in 2024

    Terri Edgerley

    Edge Realty Vermont

    (802) 279-4590

    3 in this area

    112 Total Sales

    Terri Edgerley
    Section Image
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Map

Source: PrimeMLS

MLS Number: 5015094

PrimeMLS
Vermont Chittenden County Jericho 05465

220 Vermont 15 Unit 1-4, Jericho, VT

This home is located at 220 Vermont 15 Unit 1-4, Jericho, VT 05465 and is currently priced at $1,000,000, approximately $205 per square foot. This property was built in 2019. 220 Vermont 15 Unit 1-4 is a home located in Chittenden County with nearby schools including Jericho Elementary School, Brewster Pierce School, and Browns River Middle School.

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