NOT LISTED FOR SALE

385 Mile Point Rd Vergennes, VT 05491

Estimated Value: $1,275,481

2 Beds
1 Bath
996 Sq Ft
$1,281/Sq Ft Est. Value

Last Sold December 14, 2020

Last sale price $862,500 $866 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $8,196/month

5 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Boat Dock
  • Wood Flooring
  • 165 Feet of Waterfront
  • Cape Cod Architecture
  • Lot Sloped Up

About This Home

As of December 2020

RARE opportunity! Welcome to WaterStone on the shores of Lake Champlain. Enjoy the historic grace of a legacy lake cottage, built in 1884, freshly and exquisitely renovated and restored in 2018-19 to provide all the modern comforts and amenities to make this your dream getaway. With breathtaking westerly sunset views of the high peaks of the Adirondacks, WaterStone is the oldest property on Mile Point, just a short stroll from the famous resort, the Basin Harbor Club. Featuring floor-to-ceiling insulated windows and doors to take in the unparalleled lake views, the light and airy Scandinavian-inspired interiors were designed to showcase the natural beauty that surrounds this special property. All-new kitchen, bath, septic system, insulation, standing-seam roof, and outdoor shower; tasteful landscaping including rock walls and stone walkways accent the property’s mature oak, hickory, and cedar trees. The new heat exchange system allows you to enjoy being cozy in the colder months while comfortably air conditioned on balmy summer days. Watch the sunsets over the lake from the open covered porch, bring your cocktails down to the brand new ipe hardwood dock, enjoy an al fresco meal on the screened porch, looking out over the water. Next up is the conversion of the carriage house to an accessory guest house, with plans and drawings already approved and builders available. Property is available furnished if desired. Only once in a blue moon does an opportunity like this come along.

Last Agent to Sell the Property

Courtney DeBisschop

IPJ Real Estate License #081.0004195 Listed on: 11/13/2020

Last Buyer's Agent

Jennifer Milot

Milot Real Estate License #082.0005946

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,240

Year Built

  • Built in 1884

Lot Details

  • 0.75 Acre Lot
  • 165 Feet of Waterfront
  • Lake Front
  • Lot Sloped Up
  • Property is zoned RA 5

Parking

  • Gravel Driveway

Home Design

  • Cape Cod Architecture
  • Cottage
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 996 Sq Ft Home
  • 1.75-Story Property
  • Wood Flooring
  • Water Views
  • Electric Cooktop

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deeded Waterfront Access Rights
  • Access to a Dock

Schools

  • Ferrisburgh Central Elementary School
  • Vergennes Uhsd #5 Middle School
  • Vergennes Uhsd #5 High School

Utilities

  • Mini Split Air Conditioners
  • Cooling System Mounted In Outer Wall Opening
  • Heat Pump System
  • Drilled Well
  • Electric Water Heater
  • Mound Septic
  • Phone Available

Community Details

  • Boat Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,240

Year Built

Built in 1884

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Cape, Cottage/Camp
  • Directions: Route 22A to Panton Road right onto Basin Harbor Road, right onto Schoolhouse Road, left onto Mile Point
  • Assessment Amount: 424900
  • Construction: Existing
  • Seasonal: Yes
  • Total Stories: 1.75
  • Price Per Sq Ft: 865.96
  • Property Class: Residential
  • Property Type: Single Family
  • Year Built: 1884
  • Remarks Public: RARE opportunity! Welcome to WaterStone on the shores of Lake Champlain. Enjoy the historic grace of a legacy lake cottage, built in 1884, freshly and exquisitely renovated and restored in 2018-19 to provide all the modern comforts and amenities to make this your dream getaway. With breathtaking westerly sunset views of the high peaks of the Adirondacks, WaterStone is the oldest property on Mile Point, just a short stroll from the famous resort, the Basin Harbor Club. Featuring floor-to-ceiling insulated windows and doors to take in the unparalleled lake views, the light and airy Scandinavian-inspired interiors were designed to showcase the natural beauty that surrounds this special property. All-new kitchen, bath, septic system, insulation, standing-seam roof, and outdoor shower; tasteful landscaping including rock walls and stone walkways accent the property’s mature oak, hickory, and cedar trees. The new heat exchange system allows you to enjoy being cozy in the colder months while comfortably air conditioned on balmy summer days. Watch the sunsets over the lake from the open covered porch, bring your cocktails down to the brand new ipe hardwood dock, enjoy an al fresco meal on the screened porch, looking out over the water. Next up is the conversion of the carriage house to an accessory guest house, with plans and drawings already approved and builders available. Property is available furnished if desired. Only once in a blue moon does an opportunity like this come along.
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Cooktop - Electric, Dryer, Refrigerator, Washer
  • Total Bedrooms: 2
  • Flooring: Wood
  • Total Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Level 1: Level 1: Kitchen, Level 1: Living Room, Level 1: Porch
  • Level 2: Level 2: Bedroom
  • Room 1: Kitchen, 11’2x15’6, On Level: 1
  • Room 2: Living Room, 14’8x22’1, On Level: 1
  • Room 3: Porch, 22’10x15’3, On Level: 1
  • Room 4: Bedroom, 11’5x15’2, On Level: 2
  • Room 5: 2, 11’4x12’8
  • Sq Ft - Apx Finished AG: 996
  • Sq Ft - Apx Total: 996
  • Sq Ft - Apx Total Finished: 996

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Wood Siding
  • Foundation: Post/Piers
  • Road Frontage: Yes
  • Roads: Association
  • Roof: Metal
  • Water Body Access: Yes
  • Water Body Type: Lake
  • Water Frontage Length: 165
  • Water Access Details: Dock Access
  • Water Body Name 2: Lake Champlain
  • Waterfront: Yes
  • Waterfront Rights: Exclusively Owned
  • Water View: Yes

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Mound
  • Water: Drilled Well
  • Water Heater: Electric
  • Heating Fuel: Electric
  • Heating: Electric, Heat Pump
  • Cooling: Wall AC Units, Mini Split
  • Electric Company: Green Mountain Power
  • Phone Company: Champlain Valley Telecom
  • Utilities: Telephone Available

Condo/Co-op/Association

  • Association Amenities: Docks

Fee Information

  • Tax Class: Non-Homestead

Schools

  • Elementary School: Ferrisburgh Central School
  • Middle School: Vergennes UHSD #5
  • High School: Vergennes UHSD #5
  • Elementary School: Ferrisburgh Central School
  • High School: Vergennes UHSD #5

Lot Info

  • Lot Sq Ft: 32670
  • Lot Acres: 0.75
  • Lot Description: Lake Frontage, Slight, Waterfront
  • Row Parcel Access: Yes
  • Row To Other Parcel: Yes
  • Zoning: RA 5
  • Deed Book: 179
  • Deed Page: 159
  • Deed Recorded Type: Warranty

Tax Info

  • Tax Gross Amount: 8240.08
  • Tax Year: 2020

MLS Schools

  • School Middle Jr: Vergennes UHSD #5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2020
Closed on
Dec 14, 2020
Sold by
Nelson Stewart Shyla and Stewart Andrew
Bought by
Chan Janet and Donaldson Tyler
Seller's Agent
Courtney DeBisschop
IPJ Real Estate
Buyer's Agent
Jennifer Milot
Milot Real Estate
List Price
$850,000
Sold Price
$862,500
Premium/Discount to List
$12,500
1.47%
Current Estimated Value
$1,275,481

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$412,981
Avg. Annual Appreciation
8.72%

Purchase Details

Listed on
Jun 25, 2017
Closed on
Sep 11, 2017
Sold by
Fay Jonathan H and Fay Suzanne E
Bought by
Stewart Andrew and Stewart Shyla N
Seller's Agent
Courtney DeBisschop
IPJ Real Estate
Buyer's Agent
Courtney DeBisschop
IPJ Real Estate
List Price
$525,000
Sold Price
$475,000
Premium/Discount to List
-$50,000
-9.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.08%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Chan Janet $862,500 --
Chan Janet $862,500 --
Chan Janet $862,500 --
Stewart Andrew -- --
Stewart Andrew -- --
Stewart Andrew -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2020 12/14/20 Sold $862,500 +1.5% $866 / Sq Ft
11/18/2020 11/18/20 Pending -- -- --
11/13/2020 11/13/20 For Sale $850,000 +78.9% $853 / Sq Ft
09/11/2017 09/11/17 Sold $475,000 -9.5% $355 / Sq Ft
07/13/2017 07/13/17 Pending -- -- --
06/25/2017 06/25/17 For Sale $525,000 -- $393 / 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 -- $763,500 $319,700 $443,800
2023 $14,965 $763,500 $319,700 $443,800
2022 $14,376 $763,500 $319,700 $443,800
2021 $11,136 $564,800 $319,700 $245,100
2020 $8,240 $424,900 $319,700 $105,200
2019 $7,955 $424,900 $319,700 $105,200
2018 $7,774 $424,900 $319,700 $105,200
2016 $7,081 $407,200 $307,400 $87,500
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: PrimeMLS

MLS Number: 4838726

PrimeMLS

APN: 228-073-10462