NOT LISTED FOR SALE
6 Beds
5 Baths
4,130 Sq Ft
6,970 Sq Ft Lot

Last Sold December 30, 2021

Last sale price $710,000 $172 Per Sq Ft

34 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • Level Lot
  • Covered Patio or Porch
  • High Speed Internet

About This Home

As of December 2021

Charming, well-maintained property located in the South end of Burlington, bordering on the desirable 5 sisters neighborhood to the west and the prestigious hill section to the east. Once used as a B&B, then an assisted living home prior to current use, this stately properly contains 4 units with great monthly income. Perfect owner occupy opportunity in the 2 level unit and rent out the others. Two additional flex rooms on the 2nd floor have historically been used as bedrooms with previous approval through the City, but are not currently incorporated into any units. Newer Thermopane windows and restored original hardwood floors throughout, ornate original trim and off street parking for tenants. Enjoy sunsets on the wraparound porch and seasonal views of Lake Champlain from the 3rd floor unit. Slate roof and heating systems have been meticulously & professionally maintained. Current tenants have occupied between 5-11 years. Amazing location within minutes to Universities and Colleges, UVM Medical Center, parks, shopping and restaurants, less than 1 mile to I-89, 10 minute drive to the airport. Listing Agent is related to the seller.

Last Agent to Sell the Property

Louise Johnson

KW Vermont License #082.0127757 Listed on: 10/27/2021

KW Vermont

Last Buyer's Agent

Geri Reilly

Geri Reilly Real Estate License #081.0002576

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $13,435

Year Built

  • Built in 1899

Lot Details

  • 6,970 Sq Ft Lot
  • Level Lot

Home Design

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

Interior Spaces

  • 5 Full Bathrooms
  • 2.5-Story Property
  • Window Screens

Flooring

  • Wood
  • Carpet
  • Laminate

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Connecting Stairway
  • Interior and Exterior Basement Entry
  • Basement Storage

Parking

  • Stone Driveway
  • Unpaved Parking
  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • Covered Patio or Porch

Schools

  • Burlington High School

Utilities

  • Forced Air Heating System
  • Floor Furnace
  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • 220 Volts
  • Natural Gas Water Heater
  • High Speed Internet

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Gas Meters
  • Operating Expense $19,763
  • Gross Income $68,700
  • Net Operating Income $48,936

Property Details

Home Type

Apartment

Est. Annual Taxes

$13,435

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building
  • Directions: From I-89 North or South, merge onto I-189W, keep right at the fork for US-7N, .7 miles, house on the right. Park on Clymer Street, street before the property for showings
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2.5
  • Price Per Sq Ft: 171.91
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 5442
  • Sq Ft - Apx Total Finished: 4130
  • Year Built: 1899
  • Remarks Public: Charming, well-maintained property located in the South end of Burlington, bordering on the desirable 5 sisters neighborhood to the west and the prestigious hill section to the east. Once used as a B&B, then an assisted living home prior to current use, this stately properly contains 4 units with great monthly income. Perfect owner occupy opportunity in the 2 level unit and rent out the others. Two additional flex rooms on the 2nd floor have historically been used as bedrooms with previous approval through the City, but are not currently incorporated into any units. Newer Thermopane windows and restored original hardwood floors throughout, ornate original trim and off street parking for tenants. Enjoy sunsets on the wraparound porch and seasonal views of Lake Champlain from the 3rd floor unit. Slate roof and heating systems have been meticulously & professionally maintained. Current tenants have occupied between 5-11 years. Amazing location within minutes to Universities and Colleges, UVM Medical Center, parks, shopping and restaurants, less than 1 mile to I-89, 10 minute drive to the airport. Listing Agent is related to the seller.
  • List Agent: 279705
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Flooring: Carpet, Combination, Hardwood, Laminate
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Bulkhead, Concrete, Full, Stairs - Interior, Storage Space, Unfinished, Interior Access, Exterior Access
  • Sq Ft - Apx Finished AG: 4130
  • Sq Ft - Apx Unfinished BG: 1312

Exterior Features

  • Construction: Wood Frame
  • Driveway: Concrete, Crushed Stone
  • Exterior: Vinyl
  • Foundation: Brick, Stone
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Shingle, Slate
  • Features Exterior: Porch - Covered, Window Screens

Garage/Parking

  • Parking: Assigned, Driveway, Off Street, Unpaved

Utilities

  • Electric: 220 Plug, Circuit Breaker(s)
  • Fuel Company: Vermont Gas
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas - Natural, Owned, Tank
  • Heating Fuel: Gas - Natural
  • Heating: Floor Furnace, Forced Air, Gas Heater - Vented, Hot Air, Wall Units
  • Electric Company: GMP
  • Separate Utilities: Varies
  • Total Electric Meters: 1
  • Total Gas Meters: 5
  • Total Heat Units: 7
  • Total Ranges: 4
  • Total Refrigerators: 4
  • Total Water Heaters: 1
  • Trash: Cans, Owner, Recycle
  • Utilities: High Speed Intrnt -Avail

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Burlington School District
  • High School: Burlington High School
  • High School: Burlington High School

Lot Info

  • Lot Sq Ft: 6970
  • Lot Acres: 0.16
  • Lot Description: Level, Sidewalks, Street Lights
  • Surveyed: Unknown
  • Zoning: RL
  • Deed Book: 1048
  • Deed Page: 583
  • Deed Recorded Type: Trust

Multi Family

  • Gross Income: 68700
  • Net Income: 48936
  • Sale Includes: Land/Building
  • Total Full Baths: 5
  • Total Units: 4
  • Total1 Bedroom Units: 2
  • Total2 Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 13434.88
  • Tax Year: 2021

MLS Schools

  • School District: Burlington School District

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
12/30/2021 12/30/21 Sold $710,000 -4.7% $172 / Sq Ft
11/30/2021 11/30/21 Pending -- -- --
11/03/2021 11/03/21 Price Changed $745,000 -6.3% $180 / Sq Ft
10/27/2021 10/27/21 For Sale $795,000 -- $192 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4888499

PrimeMLS

APN: (035) 058-1-025-000