NOT LISTED FOR SALE

3 Cedar St Montpelier, VT 05602

Downtown Montpelier Neighborhood

Estimated Value: $1,343,000 - $1,769,623

12 Beds
6 Baths
7,919 Sq Ft
$198/Sq Ft Est. Value

Last Sold April 16, 2021

Last sale price $1,200,000 $152 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $10,413/month

7 Days on Market

Highlights

  • Balcony
  • Handicap Modified
  • Outdoor Storage
  • Main Street School Rated A-
  • Tile Flooring
  • 5 Car Garage

About This Home

As of April 2021

This offering represents a rare opportunity to own a newly built apartment building in the heart of Montpelier. Constructed in 2015, all six of the 2 bedroom units are complete with the amenities that renters cant resist: central A/C, in-unit laundry, covered off street parking, private deck, sound dampening walls, natural light, western exposure, energy efficiency, storage space and views. As an investor, every dollar spent needs to justify itself. The new construction and location of this 5 year old building is positioned to garner higher rental rates, better tenants, and stronger loyalty while at the same time providing the security of static maintenance costs for years to come.

Last Listed By

Craig Santenello

Vermont Life Realtors License #081.0134042 Listed on: 01/16/2021

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $24,894

Year Built

  • Built in 2015

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Sloped Up

Parking

  • 5 Car Garage
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Poured Concrete
  • Wood Frame Construction
  • Membrane Roofing
  • Vinyl Siding
  • Metal Construction or Metal Frame

Interior Spaces

  • 6 Full Bathrooms
  • 3-Story Property
  • ENERGY STAR Qualified Windows
  • Tile Flooring
  • Walk-Out Basement

Accessible Home Design

  • Handicap Modified

Outdoor Features

  • Balcony
  • Outdoor Storage

Schools

  • Union Elementary School
  • Main Street Middle School
  • Montpelier High School

Utilities

  • Mini Split Air Conditioners
  • Mini Split Heat Pump
  • Electric Water Heater
  • High Speed Internet
  • Phone Available

Community Details

  • 6 Units

Property Details

Home Type

Apartment

Est. Annual Taxes

$24,894

Year Built

Built in 2015

Lot Details

0

Parking

5

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 157.48
  • Property Type: Multi-Family
  • Year Built: 2015
  • Remarks Public: This offering represents a rare opportunity to own a newly built apartment building in the heart of Montpelier. Constructed in 2015, all six of the 2 bedroom units are complete with the amenities that renters cant resist: central A/C, in-unit laundry, covered off street parking, private deck, sound dampening walls, natural light, western exposure, energy efficiency, storage space and views. As an investor, every dollar spent needs to justify itself. The new construction and location of this 5 year old building is positioned to garner higher rental rates, better tenants, and stronger loyalty while at the same time providing the security of static maintenance costs for years to come.
  • L A1 M M S I Memberkey: 613339
  • List Agent: 22868
  • L O1 Homesnapcom: Yes
  • L O1 M M S I Officekey: 75285
  • S A1 M M S I Memberkey: 619510
  • S O1 M M S I Officekey: 70112
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Flooring: Tile
  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Concrete
  • Sq Ft - Apx Finished AG: 7620
  • Sq Ft - Apx Finished BG: 299
  • Sq Ft - Apx Unfinished BG: 2281

Exterior Features

  • Construction: Steel Frame, Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl
  • Foundation: Poured Concrete
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Membrane
  • Features Exterior: Balcony, Handicap Modified, Storage, Windows - Energy Star

Garage/Parking

  • Garage Capacity: 5
  • Parking: Assigned, Garage, Off Street, Parking Spaces 6+, Covered
  • Garage: Yes
  • Garage Type: Under

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric, Separate, Tank
  • Heating Fuel: Electric
  • Heating: Electric, Mini Split
  • Cooling: Mini Split
  • Total Electric Meters: 7
  • Utilities: High Speed Intrnt -Avail, Telephone Available

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Montpelier School District
  • Elementary School: Union Elementary School
  • Middle School: Main Street Middle School
  • High School: Montpelier High School
  • Elementary School: Union Elementary School
  • High School: Montpelier High School

Lot Info

  • Lot Sq Ft: 9148
  • Lot Acres: 0.21
  • Lot Description: City Lot
  • Surveyed: Yes
  • Zoning: HDR
  • Deed Book: 658
  • Deed Page: 840
  • Deed Recorded Type: Warranty

Multi Family

  • Total Full Baths: 6
  • Total Units: 6
  • Total2 Bedroom Units: 6

Tax Info

  • Tax Gross Amount: 24894.08
  • Tax Year: 2021

MLS Schools

  • School District: Montpelier School District
  • School Middle Jr: Main Street Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 11, 2003
Sold by
Edmunds Stanley Roy
Bought by
Edmunds Stanley Roy
Total Days on Market
7
Current Estimated Value
$1,590,239

Purchase Details

Closed on
Nov 5, 1987
Sold by
Labrie Linda L
Bought by
Labrie Inc

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Edmunds Stanley Roy -- --
Labrie Inc $919 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2021 04/16/21 Sold $1,200,000 +0.1% $152 / Sq Ft
01/23/2021 01/23/21 Pending -- -- --
01/16/2021 01/16/21 For Sale $1,199,000 -- $151 / 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 $19,155 $1,189,500 $95,400 $1,094,100
2023 $14,550 $1,189,500 $95,400 $1,094,100
2022 $24,359 $792,200 $50,600 $741,600
2021 $24,476 $792,200 $50,600 $741,600
2020 $24,181 $792,200 $50,600 $741,600
2019 $23,026 $792,200 $50,600 $741,600
2018 $22,155 $792,200 $50,600 $741,600
2017 $21,643 $792,200 $50,600 $741,600
2016 $20,931 $792,200 $50,600 $741,600
Source: Public Records

Agents Affiliated with this Home

  • Craig Santenello

    Seller's Agent in 2021

    Craig Santenello

    Vermont Life Realtors

    (802) 310-9077

    1 in this area

    148 Total Sales

    Craig Santenello
    Section Image
  • Lipkin Audette Team

    Buyer's Agent in 2021

    Lipkin Audette Team

    Coldwell Banker Hickok and Boardman

    (802) 846-8800

    1 in this area

    1,128 Total Sales

    Lipkin Audette Team
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4844293

PrimeMLS

APN: 405-126-10934

Vermont Washington County Montpelier 05602 Downtown Montpelier

3 Cedar St, Montpelier, VT

Homes for Sale in Montpelier, VT

This home is located at 3 Cedar St, Montpelier, VT 05602 since 16 January 2021 and is currently estimated at $1,564,208, approximately $197 per square foot. This property was built in 2015. 3 Cedar St is a home located in Washington County with nearby schools including Union Elementary School, Roxbury Village School, and Main Street School.

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