NOT LISTED FOR SALE

25 Lily Ln Morristown, VT 05661

8 Beds
5 Baths
3,548 Sq Ft
0.97 Acres

Last Sold June 16, 2021

Last sale price $275,000 $78 Per Sq Ft

450 Days on Market

Highlights

  • Forced Air Heating System
  • Level Lot
  • Wood Siding
  • Baseboard Heating

About This Home

As of June 2021

Highly sought after multi-family, in an ideal location. This well cared for, income producing property, is the perfect option for those looking to add to their portfolio. The property features long term tenants and market rate rentals. A strong cap rate adds to the appeal of this five unit building. There are low carrying costs and potential for additional incomes streams via on-site laundry and storage. Morrisville offers a strong economic hub of Lamoille County, therefore creating the need for good rental properties. Take advantage of this prime location, high cap rate and stable leases. Email for information: mckee@stowere.com

Last Agent to Sell the Property

Smith Macdonald Group

Coldwell Banker Carlson Real Estate License #081.0133999 Listed on: 12/09/2019

Coldwell Banker Carlson Real Estate

Last Buyer's Agent

Smith Macdonald Group

Coldwell Banker Carlson Real Estate License #081.0133999 Listed on: 12/09/2019

Coldwell Banker Carlson Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,766

Year Built

  • Built in 1847

Lot Details

  • 0.97 Acre Lot
  • Level Lot

Parking

  • Gravel Driveway

Home Design

  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 3,548 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Schools

  • Morristown Elementary School
  • Peoples Academy Middle Level
  • Peoples Academy High School

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Oil Water Heater

Community Details

Overview

  • 5 Units

Building Details

  • Operating Expense $9,106
  • Gross Income $51,420
  • Net Operating Income $35,678

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,766

Year Built

Built in 1847

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 77.51
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3548
  • Sq Ft - Apx Total Finished: 3548
  • Property Type: Multi-Family
  • Year Built: 1847
  • Remarks Public: Highly sought after multi-family, in an ideal location. This well cared for, income producing property, is the perfect option for those looking to add to their portfolio. The property features long term tenants and market rate rentals. A strong cap rate adds to the appeal of this five unit building. There are low carrying costs and potential for additional incomes streams via on-site laundry and storage. Morrisville offers a strong economic hub of Lamoille County, therefore creating the need for good rental properties. Take advantage of this prime location, high cap rate and stable leases.
  • L A1 M M S I Memberkey: 610136
  • List Agent: 19426
  • L O1 Homesnapcom: Yes
  • L O1 M M S I Officekey: 71905
  • S A1 M M S I Memberkey: 610136
  • S O1 Homesnapcom: Yes
  • S O1 M M S I Officekey: 71905
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement Description: Crawl Space
  • Sq Ft - Apx Finished AG: 3548

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Wood Siding
  • Foundation: Stone
  • Road Frontage: TBD
  • Roads: Private
  • Roof: Shingle - Asphalt

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Oil, Tank
  • Heating Fuel: Gas - LP/Bottle, Oil
  • Heating: Baseboard, Forced Air

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Morristown School District
  • Elementary School: Morristown Elementary School
  • Middle School: Peoples Academy Middle Level
  • High School: Peoples Academy
  • Elementary School: Morristown Elementary School
  • High School: Peoples Academy

Lot Info

  • Lot Sq Ft: 42253
  • Lot Acres: 0.97
  • Lot Description: Level
  • Surveyed: Yes
  • Zoning: Multi-Family
  • Deed Book: 253
  • Deed Page: 291
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 51420
  • Net Income: 35678
  • Total Units: 5
  • Total1 Bedroom Units: 3
  • Total2 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 5766
  • Tax Year: 2020

MLS Schools

  • School District: Morristown School District
  • School Middle Jr: Peoples Academy Middle Level

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
06/16/2021 06/16/21 Sold $275,000 -15.4% $78 / Sq Ft
03/03/2021 03/03/21 Pending -- -- --
08/31/2020 08/31/20 Price Changed $325,000 -6.9% $92 / Sq Ft
02/12/2020 02/12/20 Price Changed $349,000 -9.4% $98 / Sq Ft
12/09/2019 12/09/19 For Sale $385,000 +49.2% $109 / Sq Ft
07/27/2018 07/27/18 Sold $258,000 -2.6% $73 / Sq Ft
05/14/2018 05/14/18 Pending -- -- --
04/09/2018 04/09/18 For Sale $265,000 -- $75 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Smith Macdonald Group

    Seller's Agent in 2021

    Smith Macdonald Group

    Coldwell Banker Carlson Real Estate

    (802) 375-5009

    44 in this area

    314 Total Sales

    Section Image

  • T

    Seller's Agent in 2018

    The Hammond Team

    KW Vermont

    (802) 654-8500

    251 Total Sales

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  • Monica Heath

    Buyer's Agent in 2018

    Monica Heath

    Pall Spera Company Realtors-Morrisville

    (802) 289-4559

    4 in this area

    47 Total Sales

    Section Image
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Map

Source: PrimeMLS

MLS Number: 4787568

PrimeMLS

Vermont Lamoille County Morristown 05661

25 Lily Ln, Morristown, VT

This home is located at 25 Lily Ln, Morristown, VT 05661 since 09 December 2019. This property was built in 1847. 25 Lily Ln is a home located in Lamoille County with nearby schools including Morristown Elementary School, Peoples Academy, and All Saints Catholic Academy.

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