NOT LISTED FOR SALE

Estimated Value: $525,000 - $559,859

4 Beds
2 Baths
1,804 Sq Ft
$300/Sq Ft Est. Value

Last Sold August 12, 2022

Last sale price $470,000 $261 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,627/month

86 Days on Market

About This Home

As of August 2022

Well-maintained Burlington Duplex offers a wonderful opportunity for investors or owner-occupiers alike. With 2 bedrooms, 1 bath in each unit plus private laundry, hardwood floors, and more! The first level apartment offers a back deck and easy access to the fenced yard. The upper unit features living space on both the 2nd and 3rd floors, newer Rinnai heaters, and a great covered porch for relaxing. This unit will become vacant on June 1, so ideal for an owner-occupier! Separate utilities, plenty of storage in each, plus some off-street parking. Tenants love the neighborhood and location just a few blocks from Lake Champlain waterfront and Church Street, close to colleges and the hospital too!

Last Agent to Sell the Property

Lipkin Audette Team

Coldwell Banker Hickok and Boardman Listed on: 04/08/2022

Coldwell Banker Hickok and Boardman

Last Buyer's Agent

Stacie Callan

CENTURY 21 North East License #081.0121929

CENTURY 21 North East

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,628

Year Built

  • Built in 1910

Lot Details

  • 2,222 Sq Ft Lot
  • Lot Sloped Up

Home Design

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

Interior Spaces

  • 2 Full Bathrooms
  • 2-Story Property
  • Unfinished Basement
  • Interior Basement Entry

Utilities

  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Water Heater Leased
  • High Speed Internet

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Gas Meters
  • Operating Expense $13,079
  • Gross Income $41,400
  • Net Operating Income $28,321

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,628

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Duplex, Multi-Family
  • Directions: From Pearl Street in Burlington, turn onto Elmwood Ave, left on Cedar Street, house is on your right.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 260.53
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 2684
  • Sq Ft - Apx Total Finished: 1804
  • Year Built: 1910
  • Remarks Public: Well-maintained Burlington Duplex offers a wonderful opportunity for investors or owner-occupiers alike. With 2 bedrooms, 1 bath in each unit plus private laundry, hardwood floors, and more! The first level apartment offers a back deck and easy access to the fenced yard. The upper unit features living space on both the 2nd and 3rd floors, newer Rinnai heaters, and a great covered porch for relaxing. This unit will become vacant on June 1, so ideal for an owner-occupier! Separate utilities, plenty of storage in each, plus some off-street parking. Tenants love the neighborhood and location just a few blocks from Lake Champlain waterfront and Church Street, close to colleges and the hospital too!
  • List Agent: 282798
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Unfinished
  • Sq Ft - Apx Finished AG: 1804
  • Sq Ft - Apx Unfinished BG: 880

Exterior Features

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

Utilities

  • Electric: Circuit Breaker(s)
  • Fuel Company: VT Gas
  • Sewer: Public
  • Water: Public
  • Water Heater: Rented
  • Heating Fuel: Gas - Natural
  • Heating: Hot Air, Wall Units
  • Total Electric Meters: 2
  • Total Gas Meters: 2
  • Utilities: High Speed Intrnt -Avail

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 2222
  • Lot Acres: 0.051
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: RM
  • Deed Book: 1313
  • Deed Page: 552-553
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 41400
  • Net Income: 28321
  • Total Full Baths: 2
  • Total Units: 2
  • Total2 Bedroom Units: 2

Tax Info

  • Tax Year Notes: 2021-2022
  • Tax Gross Amount: 8627.92
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2022
Closed on
Aug 12, 2022
Sold by
Monahan Cheryl S and Monahan John D
Bought by
Russo Charles A
Seller's Agent
Lipkin Audette Team
Coldwell Banker Hickok and Boardman
Buyer's Agent
Stacie Callan
CENTURY 21 North East
List Price
$485,000
Sold Price
$470,000
Premium/Discount to List
-$15,000
-3.09%
Current Estimated Value
$518,165

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,165
Avg. Annual Appreciation
4.50%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Russo Charles A $470,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2022 08/12/22 Sold $470,000 -3.1% $261 / Sq Ft
07/03/2022 07/03/22 Pending -- -- --
06/03/2022 06/03/22 For Sale $485,000 0.0% $269 / Sq Ft
05/11/2022 05/11/22 Pending -- -- --
04/08/2022 04/08/22 For Sale $485,000 +68.4% $269 / Sq Ft
08/12/2016 08/12/16 Sold $288,000 -4.0% $154 / Sq Ft
06/13/2016 06/13/16 Pending -- -- --
04/11/2016 04/11/16 For Sale $299,900 -- $161 / 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 $9,475 $392,000 $98,300 $293,700
2023 $8,283 $392,000 $98,300 $293,700
2022 $8,281 $392,000 $98,300 $293,700
2021 $8,628 $392,000 $98,300 $293,700
2020 $7,155 $232,500 $89,000 $143,500
2019 $6,805 $232,500 $89,000 $143,500
2018 $6,536 $232,500 $89,000 $143,500
2017 $6,193 $232,500 $89,000 $143,500
2016 $5,836 $232,500 $89,000 $143,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4904485

PrimeMLS

APN: (035) 044-1-178-000