NOT LISTED FOR SALE

229 S Main St Saint Albans, VT 05478

Estimated Value: $577,000

8 Beds
4 Baths
3,437 Sq Ft
$168/Sq Ft Est. Value

Last Sold February 13, 2019

Last sale price $320,000 $93 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $3,736/month

4 Days on Market

Highlights

  • Wood Flooring
  • Covered Patio or Porch
  • Heating System Uses Steam
  • Corner Lot
  • 2 Car Detached Garage
  • Coin Laundry

About This Home

As of February 2019

Rare opportunity to invest in this well maintained property with excellent rental history and very positive cash flow! 4 unit apartment building located on South Main Street Saint Albans close to vibrant downtown and I-89. Total gross monthly rental is $4800. Large rectangular lot with off street parking green space. The property is very well maintained and has been extensively renovated inside and out. This is a tremendous turn key opportunity to invest in a 4 unit property as an investment property or live in one unit and receive rental income from the other 3 units

Last Agent to Sell the Property

Jason Saphire

www.HomeZu.com License #063985 Listed on: 12/05/2018

Last Buyer's Agent

Elise Polli

Polli Properties License #081.0134218

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $6,112

Year Built

  • Built in 1860

Lot Details

  • 0.34 Acre Lot
  • Corner Lot
  • Lot Sloped Up

Parking

  • 2 Car Detached Garage
  • Gravel Driveway
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Block Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Metal Roof
  • Vinyl Siding
  • Stucco

Interior Spaces

  • 4 Full Bathrooms
  • 3,437 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Walk-Up Access

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Space Heater
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Natural Gas Water Heater

Community Details

Building Details

  • 2 Separate Gas Meters
  • Gross Income $4,800

Additional Features

  • 4 Units
  • Coin Laundry

Property Details

Home Type

Apartment

Est. Annual Taxes

$6,112

Year Built

Built in 1860

Lot Details

0

Parking

2

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building
  • Directions: I-89 Exit 19, straight through light to Main St., turn left, go 2 blocks, building on left
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 93.1
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3437
  • Sq Ft - Apx Total Finished: 3437
  • Year Built: 1860
  • Remarks Public: Rare opportunity to invest in this well maintained property with excellent rental history and very positive cash flow! 4 unit apartment building located on South Main Street Saint Albans close to vibrant downtown and I-89. Total gross monthly rental is $4800. Large rectangular lot with off street parking green space. The property is very well maintained and has been extensively renovated inside and out. This is a tremendous turn key opportunity to invest in a 4 unit property as an investment property or live in one unit and receive rental income from the other 3 units
  • List Agent: 25434
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Hardwood, Tile, Vinyl
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Unfinished
  • Sq Ft - Apx Finished AG: 3437

Exterior Features

  • Construction: Masonry, Wood Frame
  • Driveway: Gravel, Paved
  • Exterior: Stucco, Vinyl
  • Foundation: Block, Stone
  • Road Frontage: TBD
  • Roads: Public
  • Roof: Metal, Shingle - Asphalt
  • Features Exterior: Porch - Covered

Garage/Parking

  • Garage Capacity: 2
  • Parking: Off Street, On-Site
  • Garage: Yes
  • Garage Description: Assigned
  • Garage Type: Detached

Utilities

  • Electric: 100 Amp
  • Sewer: Public Sewer at Street
  • Water: Public Water - At Street
  • Water Heater: Gas - Natural
  • Heating Fuel: Gas - Natural
  • Heating: Space Heater, Steam
  • Total Electric Meters: 2
  • Total Gas Meters: 2
  • Total Heat Units: 3
  • Total Ranges: 4
  • Total Refrigerators: 4
  • Total Water Heaters: 2
  • Trash: Dumpster, Recycle

Condo/Co-op/Association

  • Association Amenities: Coin Laundry

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 14810
  • Lot Acres: 0.34
  • Lot Description: City Lot, Corner
  • Surveyed: Unknown
  • Zoning: Urban Residential
  • Deed Book: 256
  • Deed Page: 740-741
  • Deed Recorded Type: Quit Claim

Multi Family

  • Gross Income: 4800
  • Total Full Baths: 4
  • Total Units: 4
  • Total1 Bedroom Units: 2
  • Total3 Plus Bedroom Units: 2

Tax Info

  • Taxes TBD: Yes
  • Tax Gross Amount: 6112
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 2, 2004
Sold by
Vos Jeffrey N
Bought by
229 South Main Street St Albans Llc
Current Estimated Value
$577,000

Purchase Details

Closed on
May 3, 2002
Sold by
Counos William T
Bought by
Vos Jeffrey N
Source: Public Records

Range of Values:

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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
229 South Main Street St Albans Llc -- --
Vos Jeffrey N $162,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2019 02/13/19 Sold $320,000 +6.7% $93 / Sq Ft
12/09/2018 12/09/18 Pending -- -- --
12/05/2018 12/05/18 For Sale $299,900 -- $87 / 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
2021 $6,413 $228,400 $51,300 $177,100
2020 $6,413 $228,400 $51,300 $177,100
2019 $1,284 $228,400 $51,300 $177,100
2018 $0 $228,400 $51,300 $177,100
2017 $0 $228,400 $51,300 $177,100
2016 -- $228,400 $51,300 $177,100
2015 -- $2,284 $0 $0
2014 -- $2,284 $0 $0
2013 -- $2,284 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jason Saphire

    Seller's Agent in 2019

    Jason Saphire

    www.HomeZu.com

    (877) 249-5478

    3 in this area

    1,232 Total Sales

    Section Image
  • Elise Polli

    Buyer's Agent in 2019

    Elise Polli

    Polli Properties

    (802) 471-2586

    10 in this area

    357 Total Sales

    Section Image
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Map

Source: PrimeMLS

MLS Number: 4729691

PrimeMLS

APN: 549-173-00057

Vermont Franklin County St. Albans Town 05478

229 S Main St, St. Albans Town, VT

This home is located at 229 S Main St, Saint Albans, VT 05478 since 05 December 2018 and is currently estimated at $577,000, approximately $167 per square foot. This property was built in 1860. 229 S Main St is a home located in Franklin County with nearby schools including St. Albans City School and Bellows Free Academy 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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