Seller's Agent in 2020
Lipkin Audette Team
Coldwell Banker Hickok and Boardman
(802) 846-8800
57 in this area
1,085 Total Sales
224 Pine St Burlington, VT 05401
South End Neighborhood
8
Beds
4
Baths
3,456
Sq Ft
7,841
Sq Ft Lot
Highlights
- Wood Flooring
- Space Heater
- Wood Siding
- Covered Patio or Porch
- High Speed Internet
About This Home
As of December 2020With a recent price improvement and 7% cap rate this Burlington 4-unit in highly desirable downtown location offers an attractive return on investment for years to come adding tons of value. Featuring 2 bedrooms, 1 bath in each apartment - all with similar floor plans and covered porches and some with updated flooring and appliances. Separate utilities, laundry hook-ups in basement and at least 10 parking spaces in back parking lot. Convenient location offering easy access to Downtown, Lake Champlain and the up-and-coming South End, tenants will love being in the middle of it all. Don't miss it! Investment properties like this don't come around often!
Last Agent to Sell the Property
Coldwell Banker Hickok and Boardman Listed on: 08/28/2020
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $12,261
Year Built
- Built in 1935
Lot Details
- 7,841 Sq Ft Lot
- Lot Sloped Up
Home Design
- Concrete Foundation
- Wood Frame Construction
- Shingle Roof
- Wood Siding
Interior Spaces
- 4 Full Bathrooms
- 3,456 Sq Ft Home
- 2-Story Property
Flooring
- Wood
- Carpet
- Laminate
- Vinyl
Unfinished Basement
- Connecting Stairway
- Interior Basement Entry
Parking
- 510 Car Parking Spaces
- Driveway
- Paved Parking
- Off-Street Parking
Outdoor Features
- Covered Patio or Porch
Utilities
- Space Heater
- Heating System Uses Natural Gas
- Natural Gas Water Heater
- High Speed Internet
Community Details
Overview
- 4 Units
Building Details
- 4 Separate Gas Meters
- Operating Expense $20,868
- Gross Income $74,400
- Net Operating Income $53,532
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/23/2020 12/23/20 | Sold | $765,000 | -1.3% | $221 / Sq Ft |
| 11/05/2020 11/05/20 | Pending | -- | -- | -- |
| 10/29/2020 10/29/20 | Price Changed | $774,900 | -3.1% | $224 / Sq Ft |
| 09/17/2020 09/17/20 | Price Changed | $799,900 | -4.7% | $231 / Sq Ft |
| 08/28/2020 08/28/20 | For Sale | $839,000 | -- | $243 / Sq Ft |
Source: PrimeMLS
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 | $17,941 | $742,300 | $363,700 | $378,600 |
| 2023 | $15,685 | $742,300 | $363,700 | $378,600 |
| 2022 | $15,682 | $742,300 | $363,700 | $378,600 |
| 2021 | $16,338 | $742,300 | $363,000 | $379,300 |
| 2020 | $12,261 | $398,400 | $166,000 | $232,400 |
| 2019 | $5,830 | $398,400 | $166,000 | $232,400 |
| 2018 | $10,613 | $398,400 | $166,000 | $232,400 |
| 2017 | $10,611 | $398,400 | $166,000 | $232,400 |
| 2016 | -- | $398,400 | $166,000 | $232,400 |
| 2015 | -- | $3,725 | $0 | $0 |
| 2014 | -- | $3,725 | $0 | $0 |
| 2013 | -- | $3,725 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Lipkin Audette Team
-
Edie Brodsky
Buyer's Agent in 2020
Edie Brodsky
Coldwell Banker Hickok and Boardman
(802) 846-9532
7 in this area
137 Total Sales
Map
Source: PrimeMLS
MLS Number: 4825514
APN: (035) 049-2-008-000
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.
Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Nearby Homes
- 103 Maple St Unit 1
- 211-213 Saint Paul St
- 193 St Paul Unit 209
- 185 Maple St
- 131 Main St Unit 509
- 131 Main St Unit 504
- 131 Main St Unit 210
- 131 Main St Unit 302
- 41 Adams St
- 9 Spruce Ct
- 19 Spruce St
- 114 S Champlain St
- 40 College St Unit 303
- 222 S Union St
- 410 Saint Paul St
- 230 College St Unit 7
- 35 Cherry St Unit 302
- 35 Cherry St Unit 404
- 297 College St Unit 4C
- 61 S Union St
Your Personal Tour Guide
Ask me questions while you tour the home.