$480,000
SOLD APR 29, 2019

31 West Ln Winooski, VT 05404

10 Beds
4 Baths
3,100 Sq Ft
2,614 Sq Ft Lot

Recently Sold

$155 Per Sq Ft

9% Below List Price

38 Days on Market

About This Home

As of April 2019

Great investment opportunity around the corner from Winooski Circle. This multi family property features four fully rented units, two - 2 bedroom units and two - 3 bedroom units with great layouts. Easy to rent in this desirable downtown location, close to Interstate 89, hospital, and downtown Winooski. Showings Begin 1/31.

Last Agent to Sell the Property

Lipkin Audette Team

Coldwell Banker Hickok and Boardman Listed on: 01/29/2019

Coldwell Banker Hickok and Boardman

Last Buyer's Agent

Erin Dupuis

Vermont Real Estate Company License #082.0066435

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,233

Year Built

  • Built in 1900

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Sloped Up

Home Design

  • Stone Foundation
  • Wood Frame Construction
  • Slate Roof

Interior Spaces

  • 4 Full Bathrooms
  • 2.5-Story Property
  • Unfinished Basement
  • Interior Basement Entry

Parking

  • Shared Driveway
  • On-Street Parking
  • Off-Street Parking

Utilities

  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Water Heater

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Gas Meters
  • Operating Expense $16,181
  • Gross Income $60,960
  • Net Operating Income $44,779

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,233

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Directions: From Winooski circle, head West on West Center Street/Mallet's Bay Avenue. Turn left onto West Lane which is the first left after the O'Brien Community Center. Property is on the corner of West Lane and Hickok Street.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2.5
  • Price Per Sq Ft: 154.84
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 4350
  • Sq Ft - Apx Total Finished: 3100
  • Year Built: 1900
  • Remarks Public: Great investment opportunity around the corner from Winooski Circle. This multi family property features four fully rented units, two - 2 bedroom units and two - 3 bedroom units with great layouts. Easy to rent in this desirable downtown location, close to Interstate 89, hospital, and downtown Winooski. Showings Begin 1/31.
  • List Agent: 282798
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Unfinished
  • Sq Ft - Apx Finished AG: 3100
  • Sq Ft - Apx Unfinished BG: 1250

Exterior Features

  • Construction: Wood Frame
  • Driveway: Common/Shared
  • Exterior: Aluminum
  • Foundation: Stone
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Slate
  • Easements: Yes

Garage/Parking

  • Parking: Off Street, On Street

Utilities

  • Electric: Circuit Breaker(s)
  • Fuel Company: Vermont Gas
  • Sewer: Public
  • Water: Public
  • Water Heater: Tank
  • Heating Fuel: Gas - Natural Available
  • Heating: Wall Units
  • Electric Company: Green Mountain Power
  • Separate Utilities: Varies
  • Total Electric Meters: 4
  • Total Gas Meters: 4
  • Total Heat Units: 4
  • Total Ranges: 4
  • Total Refrigerators: 4
  • Total Water Heaters: 4

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 2614
  • Lot Acres: 0.06
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: R-C
  • Deed Book: 226
  • Deed Page: 79
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 60960
  • Net Income: 44779
  • Total Full Baths: 4
  • Total Units: 4
  • Total2 Bedroom Units: 2
  • Total3 Plus Bedroom Units: 2

Tax Info

  • Tax Year Notes: 2018-2019
  • Tax Gross Amount: 8232.89
  • Tax Year: 2018

Range of Values:

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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 Change Sq Ft Price
05/28/2025 05/28/25 Price Changed $720,000 -4.0% $232 / Sq Ft
04/16/2025 04/16/25 For Sale $750,000 +56.3% $242 / Sq Ft
04/29/2019 04/29/19 Sold $480,000 -3.5% $155 / Sq Ft
03/08/2019 03/08/19 Pending -- -- --
02/26/2019 02/26/19 Price Changed $497,500 -6.0% $160 / Sq Ft
01/29/2019 01/29/19 For Sale $529,500 +61.7% $171 / Sq Ft
08/31/2012 08/31/12 Sold $327,500 -6.4% $96 / Sq Ft
06/26/2012 06/26/12 Pending -- -- --
02/16/2012 02/16/12 For Sale $349,900 -- $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 -- $618,200 $241,500 $376,700
2023 -- $294,200 $120,800 $173,400
2022 $9,249 $294,200 $120,800 $173,400
2021 $9,226 $294,200 $120,800 $173,400
2020 $9,098 $294,200 $120,800 $173,400
2019 $8,631 $294,200 $120,800 $173,400
2018 $8,233 $294,200 $120,800 $173,400
2017 $7,977 $294,200 $120,800 $173,400
2016 $7,863 $294,200 $120,800 $173,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4734555

PrimeMLS

APN: (246) WN031