NOT LISTED FOR SALE

23 Austin Dr Bristol, VT 05443

14 Beds
10 Baths
6,956 Sq Ft
10.19 Acres

Last Sold September 21, 2023

Last sale price $950,000 $137 Per Sq Ft

149 Days on Market

Highlights

  • Barn
  • Countryside Views
  • Garden
  • 10.19 Acre Lot
  • 4 Car Detached Garage
  • Baseboard Heating

About This Home

As of September 2023

Exceptional Investment and Development Opportunity in Beautiful Bristol, Vermont! This terrific property includes a multi-family compound with a total of 10 units in 5 existing residential buildings (1 triplex, 1 stand alone and 3 duplexes comprising 18 bedrooms in all) in addition to 3 outbuildings excellent for storage and parking. The standalone unit is a recently constructed energy efficient 2bdrm. Property for sale also includes two adjacent building lots with approved septic for 4 bedroom homes. Well maintained property with excellent numbers that has been refreshed during turnover periods. Potential for additional residential density. Nice open property with gardens, lawn, ample parking and storage. Located minutes from vibrant and bustling Bristol Village known for it's Main Street of charming shops and restaurants and natural beauty. Only 15 minutes from Middlebury and 40 minutes from Burlington. This property offers a tremendous turnkey investment and an opportunity to build your vision. Take a look today!

Last Agent to Sell the Property

David Parsons

RE/MAX North Professionals - Burlington Listed on: 02/09/2023

RE/MAX North Professionals - Burlington

Last Buyer's Agent

Bill Martin

Greentree Real Estate License #081.0004184

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,133

Year Built

  • Built in 1973

Lot Details

  • 10.19 Acre Lot
  • Lot Sloped Up
  • Garden

Parking

  • 4 Car Detached Garage
  • Dirt Driveway
  • Off-Street Parking

Home Design

  • Duplex
  • Block Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 10 Full Bathrooms
  • 1-Story Property
  • Countryside Views

Basement

  • Walk-Out Basement
  • Crawl Space

Schools

  • Bristol Elementary School
  • Mount Abraham Union Mid/High Middle School
  • Mount Abraham Uhsd 28 High School

Utilities

  • Baseboard Heating
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Separate Meters
  • Drilled Well
  • Dug Well
  • Liquid Propane Gas Water Heater
  • Septic Tank

Additional Features

  • Outbuilding
  • Barn

Community Details

Overview

  • 10 Units

Building Details

  • Operating Expense $59,017
  • Gross Income $156,600
  • Net Operating Income $97,583

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,133

Year Built

Built in 1973

Lot Details

10.19 Acres

Parking

4

Listing Details

  • Status Detail: Closed
  • Style: Duplex, Freestanding, Multi-Family, Ranch
  • Directions: Main Street in Bristol to South Street, then right on Hewitt Road, Austin Drive on the right.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 1
  • Price Per Sq Ft: 136.57
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 7748
  • Sq Ft - Apx Total Finished: 7748
  • Year Built: 1973
  • List Agent: 27324
  • Unique Disclaimer: The listing broker's offer of compensation is made only to other real estate licensees who are participant members of PrimeMLS.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Crawl Space, Walkout
  • Sq Ft - Apx Finished AG: 6956
  • Sq Ft - Apx Finished BG: 792

Exterior Features

  • Construction: Wood Frame
  • Driveway: Dirt
  • Exterior: Vinyl
  • Foundation: Block
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Metal, Shingle
  • Features Exterior: Barn, Garden Space, Outbuilding

Garage/Parking

  • Garage Capacity: 4
  • Parking: Off Street
  • Garage: Yes
  • Garage Type: Detached

Utilities

  • Cable Company: Choice
  • Electric: Circuit Breaker(s)
  • Fuel Company: Jackman
  • Sewer: 1000 Gallon, Septic
  • Water: Drilled Well, Dug Well
  • Water Heater: Gas - LP/Bottle
  • Heating Fuel: Gas - LP/Bottle, Oil
  • Heating: Baseboard
  • Electric Company: GMP
  • Phone Company: Choice
  • Separate Utilities: Yes
  • Trash: Owner
  • Utilities: Gas - Lp/Bottle

Fee Information

  • Tax Class: Non-Homestead

Schools

  • Elementary School: Bristol Elementary School
  • High School: Mount Abraham UHSD 28

Lot Info

  • Lot Sq Ft: 443876
  • Lot Acres: 10.19
  • Lot Description: Country Setting
  • Surveyed: Unknown
  • Zoning: Res
  • Deed Book: 154
  • Deed Page: 403
  • Deed Recorded Type: Trust

Multi Family

  • Gross Income: 156600
  • Net Income: 97583.36
  • Total Full Baths: 10
  • Total Units: 10
  • Total1 Bedroom Units: 2
  • Total2 Bedroom Units: 7
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 15132.74
  • Tax Year: 2022

MLS Schools

  • School District: Addison Northeast
  • School Middle Jr: Mount Abraham Union Mid/High
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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 List to Sale Price per Sq Ft
09/21/2023 09/21/23 Sold $950,000 0.0% $137 / Sq Ft
07/24/2023 07/24/23 Off Market $950,000 -- --
07/08/2023 07/08/23 Pending -- -- --
05/31/2023 05/31/23 For Sale $1,050,000 0.0% $151 / Sq Ft
05/31/2023 05/31/23 Price Changed $1,050,000 +10.5% $151 / Sq Ft
05/19/2023 05/19/23 Off Market $950,000 -- --
05/01/2023 05/01/23 Pending -- -- --
02/09/2023 02/09/23 For Sale $1,100,000 -- $158 / 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 $17,409 $631,900 $140,900 $491,000
2023 $15,943 $631,900 $140,900 $491,000
2022 $15,133 $631,900 $140,900 $491,000
2021 $15,650 $631,900 $140,900 $491,000
2020 $15,245 $631,900 $140,900 $491,000
2019 $0 $549,600 $84,400 $465,200
2018 $12,442 $549,600 $84,400 $465,200
2017 $15,718 $644,200 $141,600 $502,600
2016 $15,718 $644,200 $141,600 $502,600
2015 -- $6,042 $0 $0
2014 -- $6,042 $0 $0
2013 -- $6,042 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4942762

PrimeMLS
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