NOT LISTED FOR SALE

383 College St Burlington, VT 05401

Hill Section Neighborhood

Estimated Value: $3,286,478

-- Bed
14 Baths
7,508 Sq Ft
$438/Sq Ft Est. Value

Last Sold November 13, 2018

Last sale price $2,075,000 $276 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $21,354/month

Highlights

  • Baseboard Heating
  • High Speed Internet
  • 4-minute walk to Fountain on the Green
  • Coin Laundry

About This Home

As of November 2018

Great opportunity to own well-maintained, 17-unit mixed use building in desired downtown Burlington location! 5 commercial offices on first floor with 12 furnished residential units on first, second and third floors. Shared coin-operated laundry on first floor. All residential units include all utilities as well as basic cable and wifi. Commercial spaces include heat. Large lot with plenty of parking. Newer boiler and rubber membrane roof.

Last Agent to Sell the Property

Jonathon Templeton

KW Vermont License #082.0075189 Listed on: 07/09/2018

KW Vermont

Last Buyer's Agent

Steve Lipkin

Coldwell Banker Hickok and Boardman License #081.0004569

Coldwell Banker Hickok and Boardman

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,143

Year Built

  • Built in 1964

Lot Details

  • 0.29 Acre Lot
  • Lot Sloped Up

Home Design

  • Brick Exterior Construction
  • Concrete Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Membrane Roofing

Interior Spaces

  • 7,508 Sq Ft Home
  • 3-Story Property

Parking

  • Paved Parking
  • On-Street Parking
  • Off-Street Parking

Schools

  • Edmunds Elementary School
  • Edmunds Middle School
  • Burlington High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • 200+ Amp Service
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

Building Details

  • Operating Expense $88,838
  • Gross Income $230,805

Additional Features

  • 17 Units
  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,143

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Directions: From Main Street in Burlington turn onto South Williams Street and left on College Street. 383 is half way down the block.
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 276.37
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 7508
  • Sq Ft - Apx Total Finished: 7508
  • Property Type: Multi-Family
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Basement Description: Slab
  • Sq Ft - Apx Finished AG: 7508

Exterior Features

  • Construction: Masonry, Wood Frame
  • Driveway: Paved
  • Exterior: Brick, Cement
  • Foundation: Concrete, Slab w/ Frost Wall
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Membrane

Garage/Parking

  • Parking: Off Street, On Street

Utilities

  • Electric: 200 Amp
  • Fuel Company: VT Gas
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric, Gas - Natural, Off Boiler, Owned
  • Heating Fuel: Electric, Gas - Natural
  • Heating: Baseboard, Electric
  • Cooling: Wall AC Units
  • Electric Company: Burlington Electric
  • Trash: Dumpster, Recycle
  • Utilities: Cable, Internet - Cable

Condo/Co-op/Association

  • Association Amenities: Coin Laundry

Fee Information

  • Tax Class: Homestead

Schools

  • Elementary School: Edmunds Elementary School
  • High School: Burlington High School

Lot Info

  • Lot Sq Ft: 12632
  • Lot Acres: 0.29
  • Lot Description: City Lot
  • Surveyed: Yes
  • Zoning: RH
  • Deed Book: 960
  • Deed Page: 239-240
  • Deed Recorded Type: Quit Claim

Multi Family

  • Gross Income: 230805
  • Total Units: 17
  • Total1 Bedroom Units: 6
  • Total2 Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 27142.84
  • Tax Year: 2016

MLS Schools

  • School District: Burlington School District
  • School Middle Jr: Edmunds Middle School

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
11/13/2018 11/13/18 Sold $2,075,000 -13.2% $276 / Sq Ft
07/09/2018 07/09/18 Pending -- -- --
07/09/2018 07/09/18 For Sale $2,390,000 -- $318 / 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 $48,806 $2,019,300 $764,500 $1,254,800
2023 $42,668 $2,019,300 $764,500 $1,254,800
2022 $42,660 $2,019,300 $764,500 $1,254,800
2021 $44,445 $2,019,300 $758,500 $1,260,800
2020 $31,083 $1,010,000 $409,200 $600,800
2019 $29,562 $1,010,000 $409,200 $600,800
2018 $28,391 $1,010,000 $409,200 $600,800
2017 $26,901 $1,010,000 $409,200 $600,800
2016 $26,285 $1,010,000 $409,200 $600,800
Source: Public Records

Agents Affiliated with this Home

  • Jonathon Templeton

    Seller's Agent in 2018

    Jonathon Templeton

    KW Vermont

    (802) 238-1323

    1 in this area

    70 Total Sales

    Jonathon Templeton
    Section Image
  • Steve Lipkin

    Buyer's Agent in 2018

    Steve Lipkin

    Coldwell Banker Hickok and Boardman

    (802) 846-9520

    Steve Lipkin
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4706350

PrimeMLS

APN: (035) 050-1-108-000

Vermont Chittenden County Burlington 05401 Hill Section

383 College St, Burlington, VT

Not Listed for Sale

MultiFamily

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