NOT LISTED FOR SALE

23 Franklin St Winooski, VT 05404

Estimated Value: $513,444 - $562,000

4 Beds
3 Baths
1,770 Sq Ft
$302/Sq Ft Est. Value

Last Sold December 11, 2019

Last sale price $350,000 $198 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $3,420/month

5 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Detached Garage
  • Trails
  • Covered Patio or Porch
  • Baseboard Heating
  • High Speed Internet

About This Home

As of December 2019

Great investment opportunity! Upstairs, 1 bedroom unit brings in $1000/ month; has just been fully renovated; brand new kitchen, bath, flooring, appliances and paint! The downstairs 3 bedroom unit brings in $1200/month. Larger downstairs unit has a spacious kitchen with lots of counter space and room for eat-in kitchen/dining room table. Master has an en suite full bath, large closet and sliding glass door out to wonderful sunroom overlooking the back yard. For your information; two bedrooms are connected, having to go through one, to get to the other. Each unit has separate utilities. Detached garage has power. Purchaser could rent both units or owner occupy one unit and have the other pay their mortgage! 7.5 capitalization rate!

Last Agent to Sell the Property

Michaela Quinlan

Coldwell Banker Hickok and Boardman License #082.0075359 Listed on: 10/07/2019

Coldwell Banker Hickok and Boardman

Last Buyer's Agent

Lipkin Audette Team

Coldwell Banker Hickok and Boardman

Coldwell Banker Hickok and Boardman

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,577

Year Built

  • Built in 1946

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Sloped Up

Parking

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

Home Design

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

Interior Spaces

  • 3 Full Bathrooms
  • 1,770 Sq Ft Home
  • 2-Story Property
  • Partially Finished Basement
  • Walk-Up Access

Flooring

  • Wood
  • Carpet
  • Vinyl

Outdoor Features

  • Covered Patio or Porch

Schools

  • John F Kennedy Elementary School
  • Winooski Middle/High School
  • Winooski High School

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Gas Available
  • Gas Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

Overview

  • 2 Units

Recreation

  • Trails

Building Details

  • 2 Separate Gas Meters
  • Operating Expense $3,500
  • Gross Income $28,000
  • Net Operating Income $24,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,577

Year Built

Built in 1946

Lot Details

0

Parking

2

Listing Details

  • Status Detail: Closed
  • Style: Duplex
  • Directions: East Allen Parkway to East Spring Street to Franklin Street.
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 197.74
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 2880
  • Sq Ft - Apx Total Finished: 1770
  • Year Built: 1946
  • Remarks Public: Great investment opportunity! Upstairs, 1 bedroom unit brings in $1000/ month; has just been fully renovated; brand new kitchen, bath, flooring, appliances and paint! The downstairs 3 bedroom unit brings in $1200/month. Larger downstairs unit has a spacious kitchen with lots of counter space and room for eat-in kitchen/dining room table. Master has an en suite full bath, large closet and sliding glass door out to wonderful sunroom overlooking the back yard. For your information; two bedrooms are connected, having to go through one, to get to the other. Each unit has separate utilities. Detached garage has power. Purchaser could rent both units or owner occupy one unit and have the other pay their mortgage! 7.5 capitalization rate!
  • List Agent: 5984
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Hardwood, Vinyl
  • Total Rooms Above Ground: 10
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Partially Finished
  • Sq Ft - Apx Finished AG: 1770
  • Sq Ft - Apx Unfinished BG: 1110

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl
  • Foundation: Concrete
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Shingle
  • Easements: Unknown
  • Features Exterior: Porch, Porch - Covered

Garage/Parking

  • Garage Capacity: 2
  • Parking: Driveway, Garage, Off Street, Parking Spaces 5, Covered
  • Garage: Yes
  • Garage Type: Detached

Utilities

  • Cable Company: Comcast
  • Electric: Circuit Breaker(s)
  • Fuel Company: Vermont Gas
  • Sewer: Public
  • Water: Public
  • Water Heater: Domestic, Gas, Included, Owned
  • Heating Fuel: Gas - Natural
  • Heating: Baseboard, Hot Water
  • Electric Company: Green Mountain Power
  • Phone Company: Comcast
  • Separate Utilities: Yes
  • Total Electric Meters: 2
  • Total Gas Meters: 2
  • Total Heat Units: 2
  • Total Ranges: 2
  • Total Refrigerators: 2
  • Total Water Heaters: 2
  • Trash: Owner
  • Utilities: Cable - Available, Gas - On-Site, Internet - Cable, Telephone Available

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Winooski School District
  • Elementary School: John F Kennedy Elementary
  • Middle School: Winooski Middle/High School
  • High School: Winooski High School
  • Elementary School: John F Kennedy Elementary
  • High School: Winooski High School

Lot Info

  • Lot Sq Ft: 4792
  • Current Use: Unknown
  • Lot Acres: 0.11
  • Lot Description: City Lot, Curbing, Trail/Near Trail
  • Surveyed: Unknown
  • Zoning: Residential
  • Deed Book: 222
  • Deed Page: 339
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 28000
  • Net Income: 24500
  • Total Full Baths: 3
  • Total Units: 2
  • Total1 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Year Notes: 19/20
  • Tax Gross Amount: 6577
  • Tax Year: 2019

MLS Schools

  • School District: Winooski School District
  • School Middle Jr: Winooski Middle/High School

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
12/11/2019 12/11/19 Sold $350,000 +6.1% $198 / Sq Ft
10/12/2019 10/12/19 Pending -- -- --
10/07/2019 10/07/19 For Sale $330,000 +21.3% $186 / Sq Ft
03/30/2012 03/30/12 Sold $272,000 -2.5% $154 / Sq Ft
01/24/2012 01/24/12 Pending -- -- --
12/08/2011 12/08/11 For Sale $279,000 -- $158 / 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
2024 -- $467,900 $166,000 $301,900
2023 -- $224,200 $83,000 $141,200
2022 $7,018 $224,200 $83,000 $141,200
2021 $7,154 $224,200 $83,000 $141,200
2020 $6,434 $224,200 $83,000 $141,200
2019 $6,577 $224,200 $83,000 $141,200
2018 $6,274 $224,200 $83,000 $141,200
2017 $6,079 $224,200 $83,000 $141,200
2016 $5,992 $224,200 $83,000 $141,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4780161

PrimeMLS

APN: (246) FR023