NOT LISTED FOR SALE

355 Congress St Morristown, VT 05661

Estimated Value: $421,000 - $590,000

-- Bed
3 Baths
2,932 Sq Ft
$177/Sq Ft Est. Value

Last Sold June 06, 2023

Last sale price $450,000 $153 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,357/month

135 Days on Market

Highlights

  • Colonial Architecture
  • Baseboard Heating
  • High Speed Internet

About This Home

As of June 2023

Incredible investment opportunity in the heart of downtown Morrisville. Due to the town of Morrisville's revitalization initiative, the investment property in Morrisville has become a premium in Lamoille County. This property consists of 3 units: a one bedroom, a two bedroom and a four bedroom unit. Much of the heavy lifting has been done in the last few years, consisting of roof replacement, new furnaces and interior renovations. Property utilities include water and sewer, which are public, and highspeed internet and cable are also available. Whether you are looking for a primary residence with income producing apartments, or if you are an investor looking to maximize rental potential, this is an ideal property for either scenario. The property is tenant occupied. Showings to commence on November 7th, 2022. Contact Listing Agent Bobby Roberts 802-371-7007

Last Agent to Sell the Property

Bobby Roberts

License #081.0134362 Listed on: 10/25/2022

Last Buyer's Agent

Brian M. Boardman

Coldwell Banker Hickok and Boardman License #082.0005494

Coldwell Banker Hickok and Boardman

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,472

Year Built

  • Built in 1880

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Sloped Up

Parking

  • Gravel Driveway

Home Design

  • Colonial Architecture
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Clap Board Siding

Interior Spaces

  • 3-Story Property
  • Unfinished Basement
  • Interior Basement Entry

Schools

  • Morristown Elementary School
  • Peoples Academy Middle Level
  • Peoples Academy High School

Utilities

  • Baseboard Heating
  • Heating System Uses Gas
  • Propane
  • Electric Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,472

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Colonial
  • Directions: From blinking light in Morrisville village, turn right onto Congress Street. Continue to end and house is on the left before the stop sign.
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 153.48
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3162
  • Sq Ft - Apx Total Finished: 2932
  • Year Built: 1880
  • Remarks Public: Incredible investment opportunity in the heart of downtown Morrisville. Due to the town of Morrisville's revitalization initiative, the investment property in Morrisville has become a premium in Lamoille County. This property consists of 3 units: a one bedroom, a two bedroom and a four bedroom unit. Much of the heavy lifting has been done in the last few years, consisting of roof replacement, new furnaces and interior renovations. Property utilities include water and sewer, which are public, and highspeed internet and cable are also available. Whether you are looking for a primary residence with income producing apartments, or if you are an investor looking to maximize rental potential, this is an ideal property for either scenario. The property is tenant occupied. Showings to commence on November 7th, 2022.
  • List Agent: 11866
  • Unique Disclaimer: The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the PrimeMLS.
  • 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: 2932
  • Sq Ft - Apx Unfinished BG: 230

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Clapboard
  • Foundation: Stone w/ Skim Coating
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle - Asphalt

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Heating Fuel: Gas - LP/Bottle
  • Heating: Baseboard
  • Utilities: Cable - At Site, Gas - Lp/Bottle, High Speed Intrnt -Avail, Internet - Cable, Phone

Fee Information

  • Tax Class: Homestead

Schools

  • School District: Lamoille South
  • Elementary School: Morristown Elementary School
  • Middle School: Peoples Academy Middle Level
  • High School: Peoples Academy
  • Elementary School: Morristown Elementary School
  • High School: Peoples Academy

Lot Info

  • Lot Sq Ft: 9583
  • Lot Acres: 0.22
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: residential
  • Deed Book: 240
  • Deed Page: 85
  • Deed Recorded Type: Warranty

Multi Family

  • Total Units: 3
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 4472.25
  • Tax Year: 2022

MLS Schools

  • School District: Lamoille South
  • School Middle Jr: Peoples Academy Middle Level

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2022
Closed on
Jun 6, 2023
Sold by
335 Congress Street Llc
Bought by
Elbaum Jeffrey E
Seller's Agent
Bobby Roberts
Buyer's Agent
Brian M. Boardman
Coldwell Banker Hickok and Boardman
List Price
$499,000
Sold Price
$450,000
Premium/Discount to List
-$49,000
-9.82%
Views
77
Current Estimated Value
$519,224

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,224
Avg. Annual Appreciation
3.09%

Purchase Details

Closed on
Jul 19, 2017
Sold by
Shannon Robert
Bought by
355 Congress Street Llc

Purchase Details

Closed on
Feb 18, 2015
Sold by
Shannon Robert and Shannon Joyce E Joyce
Bought by
Shannon Robert

Purchase Details

Closed on
Jan 6, 2003
Sold by
Shannonmelissa C
Bought by
Shannon Robert
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
Elbaum Jeffrey E $450,000 --
Elbaum Jeffrey E $450,000 --
355 Congress Street Llc -- --
355 Congress Street Llc -- --
Shannon Robert -- --
Shannon Robert -- --
Shannon Robert -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2023 06/06/23 Sold $450,000 -9.8% $153 / Sq Ft
03/09/2023 03/09/23 Pending -- -- --
10/25/2022 10/25/22 For Sale $499,000 -- $170 / 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 $6,334 $307,900 $55,000 $252,900
2023 $3,634 $307,900 $55,000 $252,900
2022 $4,621 $167,500 $33,500 $134,000
2021 $4,460 $167,500 $33,500 $134,000
2020 $4,307 $167,500 $33,500 $134,000
2019 $4,175 $167,500 $33,500 $134,000
2018 $4,029 $167,500 $33,500 $134,000
2017 $3,940 $167,500 $33,500 $134,000
2016 $3,850 $167,500 $33,500 $134,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4934794

PrimeMLS

APN: 414-129-12152