NOT LISTED FOR SALE

30 Tamorac Place Colchester, VT 05446

-- Bed
-- Bath
5,600 Sq Ft
1.19 Acres

Last Sold January 27, 2017

Last sale price $769,025 $137 Per Sq Ft

176 Days on Market

Highlights

  • Lake Front
  • Beach Access
  • Baseboard Heating
  • Malletts Bay School Rated A-
  • 1.19 Acre Lot
  • 1-Story Property

About This Home

As of January 2017

Rare investment opportunity on Lake Champlain. 12 unit cottage style multi family property situated on 1 acre with an adjacent .19 acre beachfront parcel. OWner currently getting great returns but potential condo or townhouse development site with tremendous lake views and access to the beach. Units are in very good shape including completely updated units and updates to windows, doors, floors, kitchen, etc. Natural gas service is now available on the road to either lower tenant heating costs or for better development opportunity. Beachfront parcel includes moorings as well.

Last Agent to Sell the Property

Jeffrey Amato

Vermont Real Estate Company License #082.0113712 Listed on: 05/04/2016

Last Buyer's Agent

Frank D. Marcou Jr

Marcou Real Estate License #081.0003979

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,515

Year Built

  • Built in 1984

Lot Details

  • 1.19 Acre Lot
  • Lake Front
  • Lot Sloped Up

Home Design

  • Concrete Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 5,600 Sq Ft Home
  • 1-Story Property
  • Lake Views

Partially Finished Basement

  • Walk-Out Basement
  • Basement Storage

Parking

  • 1,120 Car Parking Spaces
  • Gravel Driveway
  • Unpaved Parking
  • On-Site Parking
  • Off-Street Parking

Outdoor Features

  • Beach Access
  • Access To Lake
  • Mooring

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas
  • Separate Meters
  • Electric Water Heater
  • Septic Tank

Community Details

  • 12 Units
  • Gross Income $105,780

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,515

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Construction: Existing
  • Total Stories: 1
  • Price Per Sq Ft: 137.33
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 5600
  • Sq Ft - Apx Total Finished: 5600
  • Property Type: Multi-Family
  • Year Built: 1984
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: No Tenant Access, Partially Finished, Storage Space
  • Sq Ft - Apx Finished AG: 5600

Exterior Features

  • Driveway: Gravel
  • Exterior: Vinyl
  • Foundation: Concrete
  • Road Frontage: TBD
  • Roads: Public
  • Roof: Shingle - Other
  • Features Exterior: Boat Mooring
  • Water Body Type: Lake
  • Water Access Details: Beach Access
  • Waterfront: Yes
  • Water View: Yes
  • Water Body Access 2: Yes

Garage/Parking

  • Parking: Off Street, On-Site, Parking Spaces 11 - 20, Unpaved

Utilities

  • Cable Company: Comcast
  • Electric: Circuit Breaker(s)
  • Fuel Company: Propane
  • Sewer: Septic
  • Water: Public
  • Water Heater: Electric
  • Heating Fuel: Gas - LP/Bottle
  • Heating: Baseboard, Hot Water
  • Electric Company: GMP
  • Phone Company: Fairpoint
  • Separate Utilities: Yes
  • Total Electric Meters: 12
  • Total Heat Units: 12
  • Total Ranges: 12
  • Total Refrigerators: 12
  • Total Water Heaters: 12

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 51836
  • Lot Acres: 1.19
  • Lot Description: Lake Access, Lake Frontage, Lake View, Beach Access
  • Surveyed: Unknown
  • Zoning: Residential
  • Deed Book: 422
  • Deed Page: 476
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 105780
  • Total Units: 12
  • Total1 Bedroom Units: 11
  • Total2 Bedroom Units: 1

Tax Info

  • Tax Year Notes: 15/16
  • Tax Gross Amount: 15514.57
  • Tax Year: 2015

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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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 List to Sale Price per Sq Ft
01/27/2017 01/27/17 Sold $769,025 -16.9% $137 / Sq Ft
10/27/2016 10/27/16 Pending -- -- --
05/04/2016 05/04/16 For Sale $925,000 -- $165 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jeffrey Amato

    Seller's Agent in 2017

    Jeffrey Amato

    Vermont Real Estate Company

    (860) 614-0722

    5 in this area

    129 Total Sales

    Jeffrey Amato
    Section Image

  • F

    Buyer's Agent in 2017

    Frank D. Marcou Jr

    Marcou Real Estate

    (802) 238-8387

    7 Total Sales

    Frank D. Marcou Jr
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4488018

PrimeMLS
Vermont Chittenden County Colchester 05446

30 Tamorac Place, Colchester, VT

Not Listed for Sale

MultiFamily

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