NOT LISTED FOR SALE

37 Malletts Bay Ave Winooski, VT 05404

Estimated Value: $373,000 - $671,000

3 Beds
2 Baths
1,452 Sq Ft
$319/Sq Ft Est. Value

Last Sold February 28, 2023

Last sale price $300,000 $207 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $2,965/month

25 Days on Market

Highlights

  • Enclosed Patio or Porch
  • High Speed Internet
  • 1-minute walk to Winooski Tracks
  • Baseboard Heating

About This Home

As of February 2023

Very strong cap rate! Duplex with one 1-bedroom unit and one 2-bedroom unit just a few blocks from downtown. Plenty of on-street parking plus a small yard. Some units offer porches for tenants to enjoy. Separate utilities. Convenient location across the street from the bus stop and just minutes from restaurants, stores, and parks, plus easy access to I-89, colleges, and Burlington.

Last Agent to Sell the Property

Lipkin Audette Team

Coldwell Banker Hickok and Boardman Listed on: 11/28/2022

Coldwell Banker Hickok and Boardman

Last Buyer's Agent

Lipkin Audette Team

Coldwell Banker Hickok and Boardman Listed on: 11/28/2022

Coldwell Banker Hickok and Boardman

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,719

Year Built

  • Built in 1899

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Sloped Up

Home Design

  • Duplex
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • 1,452 Sq Ft Home
  • 2-Story Property

Unfinished Basement

  • Walk-Out Basement
  • Connecting Stairway

Outdoor Features

  • Enclosed Patio or Porch

Utilities

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

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $10,803
  • Gross Income $30,600
  • Net Operating Income $19,797

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,719

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Duplex, Multi-Family
  • Directions: From Winooski roundabout, take West Center Street to Malletts Bay Ave. Building is on right.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 206.61
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 2124
  • Sq Ft - Apx Total Finished: 1452
  • Year Built: 1899
  • Remarks Public: Very strong cap rate! Duplex with one 1-bedroom unit and one 2-bedroom unit just a few blocks from downtown. Plenty of on-street parking plus a small yard. Some units offer porches for tenants to enjoy. Separate utilities. Convenient location across the street from the bus stop and just minutes from restaurants, stores, and parks, plus easy access to I-89, colleges, and Burlington.
  • List Agent: 282798
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Stairs - Interior, Unfinished, Walkout
  • Sq Ft - Apx Finished AG: 1452
  • Sq Ft - Apx Unfinished BG: 672

Exterior Features

  • Construction: Wood Frame
  • Exterior: Vinyl Siding
  • Foundation: Stone
  • Road Frontage: TBD
  • Roads: Paved, Public
  • Roof: Shingle
  • Features Exterior: Porch - Enclosed

Utilities

  • Electric: Circuit Breaker(s)
  • Fuel Company: Vermont Gas
  • Sewer: Public
  • Water: Public
  • Water Heater: Tank
  • Heating Fuel: Gas - Natural
  • Heating: Baseboard, Hot Water
  • Electric Company: Green Mountain Power
  • Utilities: High Speed Intrnt -Avail

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 7405
  • Lot Acres: 0.17
  • Lot Description: City Lot, Sloping
  • Surveyed: Unknown
  • Zoning: Gateway
  • Deed Book: 206
  • Deed Page: 688-689
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 30600
  • Net Income: 19797
  • Total Full Baths: 2
  • Total Units: 2
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 1

Tax Info

  • Taxes TBD: Yes
  • Tax Year Notes: 2022-2023
  • Tax Gross Amount: 5718.69
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 28, 2022
Closed on
Feb 28, 2023
Sold by
Offenhartz Inc
Bought by
33 & 37 Mba Llc
Seller's Agent
Lipkin Audette Team
Coldwell Banker Hickok and Boardman
Buyer's Agent
Lipkin Audette Team
Coldwell Banker Hickok and Boardman
List Price
$299,000
Sold Price
$300,000
Premium/Discount to List
$1,000
0.33%
Views
111
Current Estimated Value
$462,761

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,761
Avg. Annual Appreciation
19.54%

Purchase Details

Closed on
May 14, 2010
Sold by
Jtsz Llc
Bought by
Offenhartz Inc
Source: Public Records

Range of Values:

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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
33 & 37 Mba Llc $300,000 --
Offenhartz Inc $192,531 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2023 02/28/23 Sold $300,000 +0.3% $207 / Sq Ft
12/23/2022 12/23/22 Pending -- -- --
11/28/2022 11/28/22 For Sale $299,000 -- $206 / 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 -- $357,600 $172,000 $185,600
2023 -- $182,700 $86,000 $96,700
2022 $5,719 $182,700 $86,000 $96,700
2021 $5,830 $182,700 $86,000 $96,700
2020 $5,650 $182,700 $86,000 $96,700
2019 $5,360 $182,700 $86,000 $96,700
2018 $5,113 $182,700 $86,000 $96,700
2017 $4,954 $182,700 $86,000 $96,700
2016 $4,883 $182,700 $86,000 $96,700
Source: Public Records

Agents Affiliated with this Home

  • Lipkin Audette Team

    Seller's Agent in 2023

    Lipkin Audette Team

    Coldwell Banker Hickok and Boardman

    (802) 846-8800

    46 in this area

    1,126 Total Sales

    Lipkin Audette Team
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Map

Source: PrimeMLS

MLS Number: 4937885

PrimeMLS

APN: (246) MB037

Vermont Chittenden County Winooski 05404

37 Malletts Bay Ave, Winooski, VT

This home is located at 37 Malletts Bay Ave, Winooski, VT 05404 since 28 November 2022 and is currently estimated at $462,761, approximately $318 per square foot. This property was built in 1899. 37 Malletts Bay Ave is a home located in Chittenden County with nearby schools including J.F. Kennedy Elementary School, Winooski Middle School, and Winooski High School.

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