NOT LISTED FOR SALE

263 Main St Vergennes, VT 05491

Estimated Value: $699,914

-- Bed
5 Baths
5,472 Sq Ft
$128/Sq Ft Est. Value

Last Sold June 29, 2023

Last sale price $650,000 $119 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,414/month

278 Days on Market

Highlights

  • Mountain View
  • High Speed Internet
  • 2-minute walk to Town Green
  • Corner Lot

About This Home

As of June 2023

This commercial property boasts 5 single bedroom apartments, and one commercial retail space at street level. Off street parking is available for residential tenants, with ample public parking in the immediate surrounding area for customers and guests. This historic property is located at the southern entrance of the business district in Vergennes, Vermont's smallest city. Vergennes is a close knit and welcoming community featuring a charming downtown with a vibrant city green surrounded by an eclectic mix of businesses that offer some of the best shopping and dining in New England. It's an easy walk to the Vergennes Opera House, Bixby Library, and beautiful walking trails along Otter Creek. The first floor of this property is thought to have been constructed in 1787, initially serving as a distillery. It expanded shortly thereafter in 1805 to include two additional stories with a gabled roof. The attic area is unfinished and offers the potential for additional living space with spectacular views of the Adirondacks.

Last Agent to Sell the Property

k. Cory Foote

BHHS Vermont Realty Group/Vergennes License #081.0003269 Listed on: 08/05/2022

BHHS Vermont Realty Group/Vergennes

Last Buyer's Agent

Jeff Olson

BHHS Vermont Realty Group/Middlebury License #081.0128880

BHHS Vermont Realty Group/Middlebury

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $9,466

Year Built

  • Built in 1783

Lot Details

  • 4,356 Sq Ft Lot
  • Dirt Road
  • Corner Lot
  • Lot Sloped Up

Home Design

  • Brick Exterior Construction
  • Pillar, Post or Pier Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Batts Insulation
  • Rolled or Hot Mop Roof
  • Stone Exterior Construction

Interior Spaces

  • 5 Full Bathrooms
  • 2-Story Property
  • Mountain Views

Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Sump Pump
  • Natural lighting in basement

Parking

  • 6 Car Parking Spaces
  • Gravel Driveway
  • Dirt Driveway
  • Unpaved Parking

Schools

  • Vergennes UES #44 Elementary School
  • Vergennes Uhsd #5 Middle School
  • Vergennes Uhsd #5 High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Separate Meters
  • Underground Utilities
  • 200+ Amp Service
  • Gas Available at Street
  • Separate Water Meter
  • Electric Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • 6 Units
  • 6 Separate Gas Meters

Listing and Financial Details

  • Exclusions: This commercial property boasts 5 single bedroom apartments as well as a commercial retail space at street level. Off street parking is avai

Property Details

Home Type

Apartment

Est. Annual Taxes

$9,466

Year Built

Built in 1783

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building
  • Directions: Located in the Vergennes business at the intersection of Main Street (Rte. 22A) and South Water Street, across the street from the Bixby Library.
  • Flood Zone: Unknown
  • Construction: Existing
  • Items Excluded: This commercial property boasts 5 single bedroom apartments as well as a commercial retail space at street level. Off street parking is avai
  • Total Stories: 2
  • Price Per Sq Ft: 178.18
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 5472
  • Sq Ft - Apx Total Finished: 5472
  • Year Built: 1783
  • Remarks Public: This commercial property boasts 5 single bedroom apartments, and one commercial retail space at street level. Off street parking is available for residential tenants, with ample public parking in the immediate surrounding area for customers and guests. This historic property is located at the southern entrance of the business district in Vergennes, Vermont's smallest city. Vergennes is a close knit and welcoming community featuring a charming downtown with a vibrant city green surrounded by an eclectic mix of businesses that offer some of the best shopping and dining in New England. It's an easy walk to the Vergennes Opera House, Bixby Library, and beautiful walking trails along Otter Creek. The first floor of this property is thought to have been constructed in 1787, initially serving as a distillery. It expanded shortly thereafter in 1805 to include two additional stories with a gabled roof. The attic area is unfinished and offers the potential for additional living space with spectacular views of the Adirondacks.
  • List Agent: 2479
  • Unique Disclaimer: The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the PrimeMLS.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Climate Controlled, Concrete Floor, Daylight, Finished, Full, Insulated, Sump Pump, Exterior Access
  • Sq Ft - Apx Finished AG: 3648
  • Sq Ft - Apx Finished BG: 1824

Exterior Features

  • Construction: Insulation-FiberglssBatt, Timber Frame, Wood Frame
  • Driveway: Dirt, Gravel
  • Exterior: Brick, Stone
  • Foundation: Pier/Column, Stone w/ Skim Coating
  • Road Frontage: Yes
  • Roads: Dirt, Gravel, Unpaved
  • Roof: Rolled, Standing Seam
  • Easements: Unknown

Garage/Parking

  • Parking: Parking Spaces 6+, Unpaved

Utilities

  • Cable Company: Comcast
  • Electric: 200 Amp
  • Fuel Company: Avery Fuels, NY
  • Sewer: Metered, Public, Public Sewer On-Site
  • Water: Metered, Public, Public Water - On-Site
  • Water Heater: Electric, Owned
  • Heating Fuel: Gas - LP/Bottle, Gas - Natural Available
  • Heating: Electric, Gas Heater - Vented, Wall Units
  • Cooling: Wall AC Units
  • Electric Company: Green Mountain Power
  • Separate Utilities: Yes
  • Total Electric Meters: 6
  • Total Gas Meters: 6
  • Total Heat Units: 6
  • Total Ranges: 5
  • Total Refrigerators: 5
  • Total Water Heaters: 6
  • Utilities: Cable - At Site, Dsl - Available, Gas - At Street, Gas - Underground, High Speed Intrnt -Atsite, Internet - Cable, Telephone At Site, Underground Utilities

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Addison Northwest
  • Elementary School: Vergennes UES #44
  • Middle School: Vergennes UHSD #5
  • High School: Vergennes UHSD #5
  • Elementary School: Vergennes UES #44
  • High School: Vergennes UHSD #5

Lot Info

  • Lot Sq Ft: 4356
  • Lot Acres: 0.1
  • Lot Description: City Lot, Corner, Curbing, Mountain View, Neighbor Business, Sidewalks, View
  • Row Parcel Access: Unknown
  • Zoning: Commercial
  • Deed Book: 83
  • Deed Page: 115-116
  • Deed Recorded Type: Trust

Multi Family

  • Total Full Baths: 5
  • Total Units: 6
  • Total1 Bedroom Units: 5

Tax Info

  • Tax Gross Amount: 9466.36
  • Tax Year: 2022

MLS Schools

  • School District: Addison Northwest
  • School Middle Jr: Vergennes UHSD #5

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
06/29/2023 06/29/23 Sold $650,000 -6.5% $119 / Sq Ft
05/10/2023 05/10/23 Pending -- -- --
08/05/2022 08/05/22 For Sale $695,000 -- $127 / 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: 4951132

PrimeMLS