NOT LISTED FOR SALE

305 Lake St Saint Albans, VT 05478

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

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

Last Sold May 24, 2019

Last sale price $150,000 $75 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $1,947/month

31 Days on Market

Highlights

  • Wood Flooring
  • Enclosed Patio or Porch
  • Baseboard Heating

About This Home

As of May 2019

Great opportunity for either an investment or an owner-occupied income property! Located in St. Albans City, this historic duplex offers proximity to local restaurants, shops, and activities. It features 2 units, both with charming original details such as built-in corner cabinets, and lovely wood floors. The first unit has 2 bedrooms, 1 bathroom, and a bonus room with cupboard and window which could be used as an office space or large walk-in closet. The second unit has 3 bedrooms, 1.5 baths, an eat-in kitchen and separate dining room. Each unit has an enclosed porch for relaxing. Basement is divided so that each unit has secure basement access for storage. 2 bedroom unit currently rents for $975/month. With a little freshening up, the 3 bedroom unit has an estimated rental income of $1300/month. Don't miss out on this great opportunity!

Last Agent to Sell the Property

Danielle Pezzimenti

Piper Realty, LLC License #081.0134098 Listed on: 03/12/2019

Last Buyer's Agent

Stacie Callan

CENTURY 21 North East License #081.0121929

CENTURY 21 North East

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1868

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Sloped Up

Home Design

  • Duplex
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property

Flooring

  • Wood
  • Carpet
  • Vinyl

Unfinished Basement

  • Interior Basement Entry
  • Dirt Floor

Parking

  • Paved Parking
  • On-Site Parking
  • Off-Street Parking

Outdoor Features

  • Enclosed Patio or Porch

Schools

  • St Albans City Elementary School
  • St. Albans City Middle School
  • Bfast Albans High School

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $5,189
  • Gross Income $27,300
  • Net Operating Income $22,111

Property Details

Home Type

Multi-Family

Year Built

Built in 1868

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Duplex
  • Assessment Amount: 148600
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 74.63
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3015
  • Sq Ft - Apx Total Finished: 2010
  • Year Built: 1868
  • Remarks Public: Great opportunity for either an investment or an owner-occupied income property! Located in St. Albans City, this historic duplex offers proximity to local restaurants, shops, and activities. It features 2 units, both with charming original details such as built-in corner cabinets, and lovely wood floors. The first unit has 2 bedrooms, 1 bathroom, and a bonus room with cupboard and window which could be used as an office space or large walk-in closet. The second unit has 3 bedrooms, 1.5 baths, an eat-in kitchen and separate dining room. Each unit has an enclosed porch for relaxing. Basement is divided so that each unit has secure basement access for storage. 2 bedroom unit currently rents for $975/month. With a little freshening up, the 3 bedroom unit has an estimated rental income of $1300/month. Don't miss out on this great opportunity!
  • List Agent: 283376
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Hardwood, Vinyl, Wood
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Concrete, Dirt Floor, Unfinished
  • Sq Ft - Apx Finished AG: 2010
  • Sq Ft - Apx Unfinished BG: 1005

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl
  • Foundation: Concrete, Stone
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Metal, Shingle - Asphalt
  • Easements: Unknown
  • Features Exterior: Porch - Enclosed

Garage/Parking

  • Parking: Off Street, On-Site

Utilities

  • Electric: Fuses
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric, Gas - Natural
  • Heating Fuel: Gas - Natural
  • Heating: Baseboard
  • Trash: Private
  • Utilities: Cable

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: St Albans City School District
  • Elementary School: St Albans City School
  • Middle School: St. Albans City School
  • High School: BFASt Albans
  • Elementary School: St Albans City School
  • High School: BFASt Albans

Lot Info

  • Lot Sq Ft: 7841
  • Lot Acres: 0.18
  • Lot Description: City Lot, Sidewalks
  • Surveyed: Unknown
  • Zoning: Residential
  • Deed Book: 278
  • Deed Page: 40
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 27300
  • Net Income: 22111
  • Total Units: 2
  • Total2 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 3976.8
  • Tax Year: 2019

MLS Schools

  • School District: St Albans City School District
  • School Middle Jr: St. Albans City School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2019
Closed on
May 24, 2019
Sold by
Sampsonville Property Group Llc
Seller's Agent
Danielle Pezzimenti
Piper Realty, LLC
Buyer's Agent
Stacie Callan
CENTURY 21 North East
List Price
$165,000
Sold Price
$150,000
Premium/Discount to List
-$15,000
-9.09%
Current Estimated Value
$301,770

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,770

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
05/24/2019 05/24/19 Sold $150,000 -9.1% $75 / Sq Ft
04/12/2019 04/12/19 Pending -- -- --
03/12/2019 03/12/19 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: 4740028

PrimeMLS

APN: 549-173-00329