NOT LISTED FOR SALE

305 Lake St Unit A and B Saint Albans, VT 05478

Estimated Value: $280,539 - $323,000

5 Beds
2 Baths
2,010 Sq Ft
$150/Sq Ft Est. Value

Last Sold July 31, 2017

Last sale price $128,000 $64 Per Sq Ft

Est. 136% increase in value since last sale

Current estimated payment $1,947/month

79 Days on Market

Highlights

  • Softwood Flooring
  • Enclosed Patio or Porch
  • Zoned Heating
  • Farmhouse Style Home
  • Shed
  • Garden

About This Home

As of July 2017

Good sized apartments with many upgrades and a deep lot for recreation make this a great city duplex. Perfect as an investment or owner occupied home. Live in one apartment and let your tenants pay part of your mortgage. Front apartment is newly painted, new lower cabinets in kitchen, new stove, new carpeting, new walk-in closet or use also as an office. Hardwood floors, softwood floors, 3 season porches on both units. 3 bedrooms in one, 2 in the other. Deep lot has fenced in area for storage, new shed for storage, and little slate patios. Parking for each unit. Separate boilers for each, separate basements for storage. Economical gas heat. Close to schools, restaurants, farmer's market. Easy access to 89 and Burlington. 305A rent is estimated at $875 as last renters did not have increase for four years. Owners are both Vermont licensed real estate agents.

Last Agent to Sell the Property

Karin Ericson

KW Vermont License #081.0096692 Listed on: 03/09/2017

KW Vermont

Last Buyer's Agent

Jay Mitiguy

KW Vermont

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1868

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Sloped Up
  • Garden

Home Design

  • Duplex
  • Farmhouse Style Home
  • Stone Foundation
  • Poured Concrete
  • Wood Frame Construction
  • Architectural Shingle Roof
  • Membrane Roofing
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • 1.5-Story Property

Flooring

  • Softwood
  • Carpet
  • Vinyl

Unfinished Basement

  • Connecting Stairway
  • Interior Basement Entry
  • Dirt Floor

Parking

  • 4 Car Parking Spaces
  • Gravel Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Enclosed Patio or Porch
  • Shed
  • Outbuilding

Utilities

  • Zoned Heating
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Water Heater Leased

Community Details

Overview

  • 2 Units

Recreation

  • Snow Removal

Building Details

  • 2 Separate Gas Meters
  • Gross Income $22,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1868

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Duplex, Farmhouse
  • Construction: Existing
  • Total Stories: 1.5
  • Price Per Sq Ft: 63.68
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3015
  • Sq Ft - Apx Total Finished: 2010
  • Year Built: 1868
  • Remarks Public: Good sized apartments with many upgrades and a deep lot for recreation make this a great city duplex. Perfect as an investment or owner occupied home. Live in one apartment and let your tenants pay part of your mortgage. Front apartment is newly painted, new lower cabinets in kitchen, new stove, new carpeting, new walk-in closet or use also as an office. Hardwood floors, softwood floors, 3 season porches on both units. 3 bedrooms in one, 2 in the other. Deep lot has fenced in area for storage, new shed for storage, and little slate patios. Parking for each unit. Separate boilers for each, separate basements for storage. Economical gas heat. Close to schools, restaurants, farmer's market. Easy access to 89 and Burlington. 305A rent is estimated at $875 as last renters did not have increase for four years. Owners are both Vermont licensed real estate agents.
  • List Agent: 3467
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Hardwood, Softwood, Vinyl
  • Total Rooms Above Ground: 12
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Concrete, Dirt, Gravel, Stairs - Interior, Unfinished
  • Sq Ft - Apx Finished AG: 2010
  • Sq Ft - Apx Unfinished BG: 1005

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel, Paved
  • Exterior: Vinyl
  • Foundation: Poured Concrete, Stone
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Membrane, Shingle - Architectural
  • Features Exterior: Garden Space, Outbuilding, Porch - Enclosed, Shed

Garage/Parking

  • Parking: Driveway, Off Street, Parking Spaces 4

Utilities

  • Electric: Circuit Breaker(s)
  • Fuel Company: VT Gas
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric, Off Boiler, Owned, Rented
  • Heating Fuel: Gas - Natural
  • Heating: Baseboard, Hot Water, Multi Zone
  • Electric Company: CVPS
  • Total Electric Meters: 2
  • Total Gas Meters: 2
  • Total Heat Units: 2
  • Total Ranges: 2
  • Total Refrigerators: 2
  • Total Water Heaters: 2
  • Trash: Private

Condo/Co-op/Association

  • Association Amenities: Snow Removal

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 7841
  • Lot Acres: 0.18
  • Lot Description: City Lot, Sidewalks
  • Surveyed: Unknown
  • Zoning: residential
  • Deed Book: 185
  • Deed Page: 296-297
  • Deed Recorded Type: Warranty
  • Unit/Lot Number: A and B

Multi Family

  • Gross Income: 22200
  • Total Full Baths: 2
  • Total Units: 2
  • Total2 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Taxes TBD: Yes
  • Tax Gross Amount: 3663.12
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 24, 2019
Sold by
Sampsonville Property Group Llc
Current Estimated Value
$301,770

Purchase Details

Closed on
Jul 18, 2005
Sold by
Addison Mckenzie
Bought by
Ericson David W and Ericson Karin W

Purchase Details

Closed on
Aug 16, 2004
Sold by
Holden Cynthia R
Bought by
Mckenzie Addison

Purchase Details

Closed on
Apr 20, 2004
Sold by
Holden Michael W
Bought by
Holden Cynthia R

Purchase Details

Closed on
Mar 24, 1998
Sold by
Jane Machia
Bought by
Holden Michael W and Holden Cynthia R
Source: Public Records

Range of Values:

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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
-- $150,000 --
Ericson David W $154,700 --
Mckenzie Addison $145,000 --
Holden Cynthia R -- --
Holden Michael W $62,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2017 07/31/17 Sold $128,000 -22.4% $64 / Sq Ft
05/27/2017 05/27/17 Pending -- -- --
03/09/2017 03/09/17 For Sale $165,000 -- $82 / 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
2021 $4,173 $148,600 $44,100 $104,500
2020 $4,173 $148,600 $44,100 $104,500
2019 $3,047 $148,600 $44,100 $104,500
2018 $3,876 $148,600 $44,100 $104,500
2017 $0 $148,600 $44,100 $104,500
2016 -- $148,600 $44,100 $104,500
2015 -- $1,486 $0 $0
2014 -- $1,486 $0 $0
2013 -- $1,486 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4621291

PrimeMLS

APN: 549-173-00329