NOT LISTED FOR SALE

309 State St Montpelier, VT 05602

Estimated Value: $300,000 - $420,000

4 Beds
1 Bath
2,407 Sq Ft
$149/Sq Ft Est. Value

Last Sold December 18, 2020

Last sale price $240,000 $100 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $2,289/month

109 Days on Market

Highlights

  • Hilly Lot
  • Wooded Lot
  • High Speed Internet
  • Main Street School Rated A-
  • Covered Patio or Porch
  • Level Lot

About This Home

As of December 2020

This historic property, formerly known as "Toy Town" in the 1930's, was once a cluster of tourist cabins. The remaining building is now a three unit income producing property. Rent all three or live in one and have tenants pay your mortgage! Convenient to downtown Montpelier, shopping, public transportation, National Life, CVMC and the U32 school system! Two of the three units are rented until September 2020 and one 2 bedroom unit is ready for your occupancy!

Last Agent to Sell the Property

Jeanne Felmly

Dome Real Estate Group LLC License #081.0120156 Listed on: 06/29/2020

Last Buyer's Agent

Jeanne Felmly

Dome Real Estate Group LLC License #081.0120156 Listed on: 06/29/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1932

Lot Details

  • 0.69 Acre Lot
  • Level Lot
  • Hilly Lot
  • Wooded Lot

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Clap Board Siding

Interior Spaces

  • 1 Full Bathroom
  • 2,407 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Interior Basement Entry

Flooring

  • Carpet
  • Laminate

Parking

  • 6 Car Parking Spaces
  • Gravel Driveway
  • Shared Driveway
  • Dirt Driveway
  • Off-Street Parking

Outdoor Features

  • Covered Patio or Porch

Schools

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

Utilities

  • Heating System Uses Gas
  • Separate Meters
  • Propane
  • Water Heater Leased
  • High Speed Internet
  • Cable TV Available

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Gas Meters
  • Operating Expense $6,514
  • Gross Income $33,400
  • Net Operating Income $26,886

Property Details

Home Type

Multi-Family

Year Built

Built in 1932

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Directions: From central Montpelier, take Route 2 (State Street) west. Property is on right.
  • Flood Zone: Yes
  • Assessment Amount: 203400
  • Assessment Year: 2019
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 99.71
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3037
  • Sq Ft - Apx Total Finished: 2407
  • Property Type: Multi-Family
  • Year Built: 1932
  • Remarks Public: This historic property, formerly known as "Toy Town" in the 1930's, was once a cluster of tourist cabins. The remaining building is now a three unit income producing property. Rent all three or live in one and have tenants pay your mortgage! Convenient to downtown Montpelier, shopping, public transportation, National Life, CVMC and the Montpelier school system! Two of the three units are rented until September 2020 and one 2 bedroom unit is ready for your occupancy!
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Laminate
  • Total Rooms Above Ground: 8
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Bulkhead, Concrete Floor, Unfinished
  • Sq Ft - Apx Finished AG: 2407
  • Sq Ft - Apx Unfinished BG: 630

Exterior Features

  • Construction: Wood Frame
  • Driveway: Common/Shared, Dirt, Gravel
  • Exterior: Clapboard
  • Foundation: Concrete
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt
  • Features Exterior: Porch - Covered

Garage/Parking

  • Parking: Driveway, Off Street, Parking Spaces 6+

Utilities

  • Cable Company: Comcast
  • Electric: Circuit Breaker(s)
  • Fuel Company: Irving
  • Sewer: Public
  • Water: Public
  • Water Heater: Rented
  • Heating Fuel: Gas - LP/Bottle
  • Heating: Gas Heater - Vented
  • Electric Company: Green Mountain Power
  • Phone Company: Consolidated
  • Separate Utilities: Yes
  • Total Electric Meters: 3
  • Total Gas Meters: 3
  • Total Ranges: 3
  • Total Refrigerators: 3
  • Total Water Heaters: 3
  • Trash: Owner
  • Utilities: Cable, Gas - Lp/Bottle, High Speed Intrnt -Avail

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: 30056
  • Lot Acres: 0.69
  • Lot Description: Hilly, Level, Wooded
  • Surveyed: Unknown
  • Zoning: RESD 1
  • Deed Book: 507
  • Deed Page: 129
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 33400
  • Net Income: 26886
  • Total Full Baths: 1
  • Total Units: 3
  • Total1 Bedroom Units: 2
  • Total2 Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 6095.08
  • Tax Year: 2020

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
Jul 1, 2005
Sold by
Investment Exchange Group F B O
Bought by
Stewart Ronald
Current Estimated Value
$358,418
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
Stewart Ronald $200,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/18/2020 12/18/20 Sold $240,000 -3.6% $100 / Sq Ft
10/16/2020 10/16/20 Pending -- -- --
06/29/2020 06/29/20 For Sale $249,000 -- $103 / 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 $4,918 $181,000 $54,400 $126,600
2023 $3,725 $304,500 $54,400 $250,100
2022 $6,254 $203,400 $38,100 $165,300
2021 $6,285 $203,400 $38,100 $165,300
2020 $6,209 $203,400 $38,100 $165,300
2019 $5,912 $203,400 $38,100 $165,300
2018 $5,688 $203,400 $38,100 $165,300
2016 $5,374 $203,400 $38,100 $165,300
Source: Public Records

Agents Affiliated with this Home

  • Jeanne Felmly

    Seller's Agent in 2020

    Jeanne Felmly

    Dome Real Estate Group LLC

    (802) 793-8370

    81 Total Sales

    Jeanne Felmly
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Map

Source: PrimeMLS

MLS Number: 4813878

PrimeMLS

APN: 405-126-10158

Vermont Washington County Montpelier 05602

309 State St, Montpelier, VT

This home is located at 309 State St, Montpelier, VT 05602 since 29 June 2020 and is currently estimated at $358,418, approximately $148 per square foot. This property was built in 1932. 309 State 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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