NOT LISTED FOR SALE
4 Beds
4 Baths
3,108 Sq Ft
3,920 Sq Ft Lot

Last Sold August 26, 2022

Last sale price $635,000 $204 Per Sq Ft

27 Days on Market

Highlights

  • Hot Water Heating System
  • Wood Siding
  • Walk-Up Access
  • High Speed Internet

About This Home

As of August 2022

Location, location, location! Just 2 blocks from Church Street Marketplace and 1 block from City Market, you'll find this historic apartment building offering 4, 1 bedroom units. Unit 1 offers an open floor plan and an updated kitchen with a breakfast bar. Unit 2 is the largest apartment featuring access to 3 porches, beautiful original woodwork throughout, storage space, plus a bonus room/office/den. Upstairs you'll find Unit 3 with refinished hardwood floors and an updated kitchen with stainless appliances. Unit 4 offers a sunny kitchen with farmhouse sink and bathroom with clawfoot tub. Some off-street parking. Walk-up attic and lots of unused living space offer room for expansion, plus strong upside on rents. Lots of potential! Tenants love living so close to all of the action and enjoy easy access to downtown Burlington, Lake Champlain waterfront, colleges, and the hospital.

Last Agent to Sell the Property

Lipkin Audette Team

Coldwell Banker Hickok and Boardman Listed on: 06/24/2022

Coldwell Banker Hickok and Boardman

Last Buyer's Agent

Mikail Stein

RE/MAX North Professionals License #082.0093313

RE/MAX North Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,986

Year Built

  • Built in 1899

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Sloped Up

Parking

  • Gravel Driveway

Home Design

  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Slate Roof
  • Wood Siding
  • Clap Board Siding

Interior Spaces

  • 4 Full Bathrooms
  • 3,108 Sq Ft Home
  • 2.5-Story Property
  • Unfinished Basement
  • Walk-Up Access

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Water Heater
  • High Speed Internet

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Gas Meters
  • Operating Expense $20,446
  • Gross Income $58,200
  • Net Operating Income $37,754

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,986

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Directions: From Main Street go north on North Willard Street, left onto Buell Street, property is at bottom of hill on corner of Buell Street and Orchard Terrace.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2.5
  • Price Per Sq Ft: 204.31
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 4662
  • Sq Ft - Apx Total Finished: 3108
  • Year Built: 1899
  • Remarks Public: Location, location, location! Just 2 blocks from Church Street Marketplace and 1 block from City Market, you'll find this historic apartment building offering 4, 1 bedroom units. Unit 1 offers an open floor plan and an updated kitchen with a breakfast bar. Unit 2 is the largest apartment featuring access to 3 porches, beautiful original woodwork throughout, storage space, plus a bonus room/office/den. Upstairs you'll find Unit 3 with refinished hardwood floors and an updated kitchen with stainless appliances. Unit 4 offers a sunny kitchen with farmhouse sink and bathroom with clawfoot tub. Some off-street parking. Walk-up attic and lots of unused living space offer room for expansion, plus strong upside on rents. Lots of potential! Tenants love living so close to all of the action and enjoy easy access to downtown Burlington, Lake Champlain waterfront, colleges, and the hospital.
  • List Agent: 282798
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Unfinished
  • Sq Ft - Apx Finished AG: 3108
  • Sq Ft - Apx Unfinished BG: 1554

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Clapboard, Wood
  • Foundation: Brick, Stone
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Slate

Utilities

  • Electric: Circuit Breaker(s)
  • Fuel Company: Vermont Gas
  • Sewer: Public
  • Water: Public
  • Water Heater: Owned
  • Heating Fuel: Gas - Natural
  • Heating: Hot Water
  • Electric Company: Burlington Electric
  • Total Electric Meters: 5
  • Total Gas Meters: 5
  • Utilities: High Speed Intrnt -Avail

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Burlington School District

Lot Info

  • Lot Sq Ft: 3920
  • Lot Acres: 0.09
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: RH
  • Deed Book: 1433
  • Deed Page: 292
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 58200
  • Net Income: 37754
  • Total Full Baths: 4
  • Total Units: 4
  • Total1 Bedroom Units: 4

Tax Info

  • Tax Year Notes: 2022-2023
  • Tax Gross Amount: 10985.52
  • Tax Year: 2022

MLS Schools

  • School District: Burlington School District

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
08/26/2022 08/26/22 Sold $635,000 -2.3% $204 / Sq Ft
07/21/2022 07/21/22 Pending -- -- --
06/24/2022 06/24/22 For Sale $650,000 -- $209 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4917494

PrimeMLS