NOT LISTED FOR SALE

228 Shelburne St Burlington, VT 05401

South End Neighborhood
14 Beds
7 Baths
5,184 Sq Ft
1.1 Acres

Last Sold May 15, 2019

Last sale price $840,000 $162 Per Sq Ft

188 Days on Market

About This Home

As of May 2019

Don't pass up this great opportunity to own two buildings on Shelburne Street. With seven two bedroom units, this lot is attractive to both investors and renters. Tenants love the covered porches, which are great to sit out on a lazy afternoon. A huge private parking lot and a large back yard also make these unit easy to rent. Tenants pay utilities. Situated in Burlington's South End district, you're close to many great restaurants, shops, and Oakledge Park.

Last Agent to Sell the Property

Lipkin Audette Team

Coldwell Banker Hickok and Boardman Listed on: 08/21/2018

Coldwell Banker Hickok and Boardman

Last Buyer's Agent

Lipkin Audette Team

Coldwell Banker Hickok and Boardman Listed on: 08/21/2018

Coldwell Banker Hickok and Boardman

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,581

Year Built

  • Built in 1900

Lot Details

  • 1.1 Acre Lot
  • Lot Sloped Up

Home Design

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

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Interior Basement Entry

Parking

  • Paved Parking
  • Off-Street Parking

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Water Heater
  • Cable TV Available

Community Details

Overview

  • 7 Units

Building Details

  • 8 Separate Gas Meters
  • Operating Expense $31,758
  • Gross Income $86,340
  • Net Operating Income $54,582

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,581

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building, Multi-Family
  • Directions: On Shelburne Road/Route 7, 228 is between Alfred and Clymer Streets, just to the right of The Spot restaurant.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 162.04
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 7696
  • Sq Ft - Apx Total Finished: 5184
  • Property Type: Multi-Family
  • Year Built: 1900
  • Remarks Public: Don't pass up this great opportunity to own two buildings on Shelburne Street. With seven two bedroom units, this lot is attractive to both investors and renters. Tenants love the covered porches, which are great to sit out on a lazy afternoon. A huge private parking lot and a large back yard also make these unit easy to rent. Tenants pay utilities. Situated in Burlington's South End district, you're close to many great restaurants, shops, and Oakledge Park.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Unfinished
  • Sq Ft - Apx Finished AG: 5184
  • Sq Ft - Apx Unfinished BG: 2512

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl Siding
  • Foundation: Stone
  • Road Frontage: TBD
  • Roads: Public
  • Roof: Slate

Garage/Parking

  • Parking: Off Street

Utilities

  • Cable Company: Comcast
  • Electric: Circuit Breaker(s)
  • Fuel Company: Vermont Gas
  • Sewer: Public
  • Water: Public
  • Water Heater: Tank
  • Heating Fuel: Gas - Natural
  • Heating: Baseboard, Hot Air
  • Electric Company: Burlington Electric
  • Separate Utilities: Varies
  • Total Electric Meters: 9
  • Total Gas Meters: 8
  • Utilities: Cable - Available

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 47960
  • Lot Acres: 1.101
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: RL
  • Deed Book: 1181
  • Deed Page: 449-450
  • Deed Recorded Type: Quit Claim

Multi Family

  • Gross Income: 86340
  • Net Income: 54582
  • Total Units: 7
  • Total2 Bedroom Units: 7

Tax Info

  • Tax Gross Amount: 19581.4
  • Tax Year: 2018

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
05/15/2019 05/15/19 Sold $840,000 -9.2% $162 / Sq Ft
02/25/2019 02/25/19 Pending -- -- --
10/26/2018 10/26/18 Price Changed $925,000 -2.6% $178 / Sq Ft
08/21/2018 08/21/18 For Sale $950,000 -- $183 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

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

    60 in this area

    1,137 Total Sales

    Lipkin Audette Team
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4714075

PrimeMLS

APN: (035) 058-1-024-000

Vermont Chittenden County Burlington 05401 South End

228 Shelburne St, Burlington, VT

This home is located at 228 Shelburne St, Burlington, VT 05401 since 21 August 2018. This property was built in 1900. 228 Shelburne St is a home located in Chittenden County with nearby schools including Champlain School, Edmunds Middle School, and Burlington Senior High School.

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