NOT LISTED FOR SALE

37 S Williams St Unit 318 Burlington, VT 05401

Hill Section Neighborhood

Estimated Value: $296,000 - $339,000

3 Beds
1 Bath
902 Sq Ft
$344/mo HOA Fee

Last Sold April 30, 2021

Last sale price $275,000 $305 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,428/month

5 Days on Market

Highlights

  • Balcony
  • Baseboard Heating
  • High Speed Internet
  • Landscaped
  • Coin Laundry
  • Carpet

About This Home

As of April 2021

Attention investors! Looking for a turn-key investment rental with a 7.2% cap rate? Look no more! Prime location close to University of Vermont, Hospital and downtown, this 3 bedroom Hill Gardens condo is fully rented through May 2022 and offers low maintenance. Tenants love their outside balcony spaces, the coin-op laundry on site and the convenient location. One assigned parking space plus plenty of bike racks on the common grounds. Perfect asset for the first time landlord or a great addition to a seasoned investor's portfolio.

Last Agent to Sell the Property

Lipkin Audette Team

Coldwell Banker Hickok and Boardman Listed on: 04/07/2021

Coldwell Banker Hickok and Boardman

Last Buyer's Agent

Nina Lynn

Coldwell Banker Hickok and Boardman License #082.0007479

Coldwell Banker Hickok and Boardman

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,905

Year Built

  • Built in 1987

HOA Fees

  • $344 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 902 Sq Ft Home
  • 1-Story Property

Kitchen

  • Stove
  • Range Hood
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Home Security

Parking

  • Paved Parking
  • On-Site Parking
  • Assigned Parking

Utilities

  • Baseboard Heating
  • Natural Gas Water Heater
  • High Speed Internet

Additional Features

  • Balcony
  • Landscaped

Community Details

Overview

  • $404 One-Time Secondary Association Fee
  • Association fees include special assessments, landscaping, plowing, sewer, trash, water, condo fee
  • Master Insurance
  • Appletree Bay Association, Phone Number (802) 863-6940
  • Hill Garden Condos
  • Maintained Community

Recreation

  • Snow Removal

Additional Features

  • Coin Laundry
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,905

Year Built

Built in 1987

Lot Details

0

HOA Fees

$344 per month

Listing Details

  • Status Detail: Closed
  • Style: Flat
  • Directions: From Main Street near University of Vermont, head toward downtown, right onto South Williams, condo buildings on left just before Pearl Street.
  • Flood Zone: Unknown
  • Units per Building: 72
  • Construction: Existing
  • Total Stories: 1
  • Price Per Sq Ft: 304.88
  • Property Class: Residential
  • Property Type: Condo
  • Year Built: 1987
  • Remarks Public: Attention investors! Looking for a turn-key investment rental with a 7.2% cap rate? Look no more! Prime location close to University of Vermont, Hospital and downtown, this 3 bedroom Hill Gardens condo is fully rented through May 2022 and offers low maintenance. Tenants love their outside balcony spaces, the coin-op laundry on site and the convenient location. One assigned parking space plus plenty of bike racks on the common grounds. Perfect asset for the first time landlord or a great addition to a seasoned investor's portfolio.
  • L A1 M M S I Memberkey: 619510
  • L A3 M M S I Memberkey: 3231
  • L A3 User Code: 3231
  • List Agent: 282798
  • L O1 M M S I Officekey: 70112
  • L O3 M M S I Officekey: 70112
  • S A1 M M S I Memberkey: 1836
  • S O1 M M S I Officekey: 70112
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Exhaust Hood, Refrigerator, Stove - Electric
  • Equipment: Smoke Detectr-HrdWrdw/Bat
  • Features Interior: Coin Laundry, Natural Light, Security Door(s)
  • Total Bedrooms: 3
  • Flooring: Carpet, Vinyl
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Level 1: Level 1: Bedroom, Level 1: Kitchen, Level 1: Living Room
  • Room 1: Living Room, 17 x 9, On Level: 1
  • Room 2: Kitchen, 8 x 8, On Level: 1
  • Room 3: Bedroom, 17 x 10, On Level: 1
  • Room 4: Bedroom, 16 x 13, On Level: 1
  • Room 5: 1, 16 x 11
  • Sq Ft - Apx Finished AG: 902
  • Sq Ft - Apx Total: 902
  • Sq Ft - Apx Total Finished: 902

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Brick
  • Foundation: Slab - Concrete
  • Road Frontage: TBD
  • Roads: Paved, Public
  • Roof: Shingle
  • Features Exterior: Balcony

Garage/Parking

  • Parking: Assigned, On-Site, Paved

Utilities

  • Electric: Circuit Breaker(s)
  • Fuel Company: Vermont Gas
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas - Natural, Owned
  • Heating Fuel: Electric
  • Heating: Baseboard
  • Electric Company: Burlington Electric Dept.
  • Utilities: High Speed Intrnt -Atsite

Condo/Co-op/Association

  • Restrictions: Pets - None
  • HOA Fee Frequency: Monthly
  • Fee: 344.02
  • Fee2 Frequency: One-Time
  • Fees 2: 403.56
  • Fee2 Includes: Special Assessments
  • Mgmt Co Phone: 802-863-6940
  • Fee Includes: Landscaping, Plowing, Sewer, Trash, Water, Condo Association Fee
  • Condo Fees: Yes
  • Condo Name: Hill Garden
  • Management Company: Appletree Bay
  • Association Amenities: Building Maintenance, Master Insurance, Landscaping, Snow Removal, Trash Removal

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Description: Condo Development
  • Surveyed: Unknown
  • Zoning: RHD
  • Deed Book: 1007
  • Deed Page: 609-610
  • Deed Recorded Type: Warranty
  • Unit/Lot Number: 318

Rental Info

  • Rental Amount: 2530
  • Rented: Yes

Tax Info

  • Tax Year Notes: 2020-2021
  • Tax Gross Amount: 3905.32
  • Tax Year: 2020

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
04/30/2021 04/30/21 Sold $275,000 +7.8% $305 / Sq Ft
04/12/2021 04/12/21 Pending -- -- --
04/07/2021 04/07/21 For Sale $255,000 -- $283 / 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 $4,730 $195,700 $0 $195,700
2023 $4,135 $195,700 $0 $195,700
2022 $4,134 $195,700 $0 $195,700
2021 $4,307 $195,700 $0 $195,700
2020 $3,905 $126,900 $0 $126,900
2019 $3,714 $126,900 $0 $126,900
2018 $3,567 $126,900 $0 $126,900
2017 $3,380 $126,900 $0 $126,900
2016 $3,303 $126,900 $0 $126,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4854465

PrimeMLS

APN: (035) 045-2-034-318