Seller's Agent in 2022
Curtis Trousdale
Preferred Properties
(802) 233-5589
1 in this area
223 Total Sales
38 Cedar St Burlington, VT 05401
Old North End Neighborhood
9
Beds
4
Baths
3,006
Sq Ft
7,405
Sq Ft Lot
Highlights
- Covered Patio or Porch
- Partially Fenced Property
- Level Lot
- High Speed Internet
About This Home
As of November 2022These two adjoining duplexes being sold together, but deeded separately, offer an excellent opportunity to expand your investment portfolio in Burlington’s Old North End! Each building has its own driveway that lead to large back grassy adjoining backyards - a real rarity in the Old North End. Each unit has a deck. Unit 44 has historically been owner occupied; the remaining 3 units have not been leased for at least 3 years. All units have their own separate utilities for heat, electric, hot water, & internet/cable/TV; each duplex has one water/sewer meter. All units have natural gas-powered Rinnai direct vent heaters with their own meters. 4 ranges & 3 refrigerators will convey with the sale. Two of the units need some renovation; the other two have been upgraded with paint, rugs, etc. Once renovated, we conservatively estimate that the monthly rental amounts for the three 2-bedroom units will be $1500 - $1650/month & the one 3-bedroom unit will be $2000 to $2200/month, but please do your own research. A Rental Certificate of Compliance for 42-44 Cedar was just issued & will expire in 2026. 38-40 Cedar’s Rental Certificate of Compliance completed in 2017 has expired. Duplexes are being sold as is; seller will prefer offers with no contingencies. Per the Burlington Fire Marshal, no Time of Sale Inspection is required for the sale since the units are all vacant. Additional documentation available.
Last Agent to Sell the Property
Preferred Properties License #081.0004552 Listed on: 09/07/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,690
Year Built
- Built in 1910
Lot Details
- 7,405 Sq Ft Lot
- Partially Fenced Property
- Level Lot
Home Design
- Brick Foundation
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Slate Roof
- Vinyl Siding
Interior Spaces
- 3,006 Sq Ft Home
- 2-Story Property
Unfinished Basement
- Interior Basement Entry
- Dirt Floor
Parking
- Gravel Driveway
- Dirt Driveway
Outdoor Features
- Covered Patio or Porch
Schools
- Assigned Elementary School
- Lyman C. Hunt Middle School
- Burlington High School
Utilities
- Heating System Uses Natural Gas
- Separate Meters
- Water Heater Leased
- High Speed Internet
- Phone Available
- Cable TV Available
Community Details
Overview
- 4 Units
Building Details
- 4 Separate Gas Meters
- Operating Expense $6,744
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/30/2022 11/30/22 | Sold | $735,000 | -5.2% | $245 / Sq Ft |
| 09/27/2022 09/27/22 | Pending | -- | -- | -- |
| 09/07/2022 09/07/22 | For Sale | $775,000 | -- | $258 / Sq Ft |
Source: PrimeMLS
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 | $19,372 | $801,500 | $310,800 | $490,700 |
| 2023 | $8,082 | $742,700 | $310,800 | $431,900 |
| 2022 | $8,081 | $382,500 | $104,300 | $278,200 |
| 2021 | $8,419 | $382,500 | $104,300 | $278,200 |
| 2020 | $5,986 | $194,500 | $93,900 | $100,600 |
| 2019 | $4,270 | $194,500 | $93,900 | $100,600 |
| 2018 | $5,087 | $194,500 | $93,900 | $100,600 |
| 2017 | $5,040 | $194,500 | $93,900 | $100,600 |
| 2016 | $5,062 | $194,500 | $93,900 | $100,600 |
| 2015 | $4,419 | $1,945 | $0 | $0 |
| 2014 | $4,419 | $1,945 | $0 | $0 |
| 2013 | $4,419 | $1,945 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Curtis Trousdale
-
Flex Realty Group
Buyer's Agent in 2022
Flex Realty Group
Flex Realty
(802) 399-2860
22 in this area
1,833 Total Sales
Map
Source: PrimeMLS
MLS Number: 4928831
APN: (035) 044-1-179-000
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