NOT LISTED FOR SALE

40 Colchester Ave Burlington, VT 05401

Estimated Value: $927,000 - $1,479,000

-- Bed
7 Baths
2,777 Sq Ft
$452/Sq Ft Est. Value

Last Sold October 11, 2016

Last sale price $875,000 $315 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $8,122/month

180 Days on Market

Highlights

  • Wood Siding
  • 1-Story Property
  • 5-minute walk to Fountain on the Green

About This Home

As of October 2016

This home is located at 40 Colchester Ave, Burlington, VT 05401 since 14 April 2016 and is currently estimated at $1,255,344, approximately $452 per square foot. This property was built in 1960. 40 Colchester Ave is a home located in Chittenden County with nearby schools including Edmunds Elementary School, Edmunds Middle School, and Burlington Senior High School.

Last Agent to Sell the Property

Steve Lipkin

Coldwell Banker Hickok and Boardman License #081.0004569 Listed on: 04/14/2016

Coldwell Banker Hickok and Boardman

Last Buyer's Agent

Steve Lipkin

Coldwell Banker Hickok and Boardman License #081.0004569 Listed on: 04/14/2016

Coldwell Banker Hickok and Boardman

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,744

Year Built

  • 1960

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Sloped Up

Parking

  • Paved Parking

Home Design

  • Concrete Foundation
  • Wood Siding

Interior Spaces

  • 7 Full Bathrooms
  • 1-Story Property
  • Finished Basement
  • Interior Basement Entry

Utilities

  • Heating System Uses Natural Gas
  • Water Heater

Community Details

Overview

  • 3 Units

Building Details

  • 1 Separate Gas Meter
  • Gross Income $126,000
  • Net Operating Income $86,197

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,744

Year Built

1960

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Ranch
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 1
  • Sq Ft - Apx Total: 5440
  • Sq Ft - Apx Total Finished: 5440
  • Property Type: Multi-Family
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1960

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Finished
  • Sq Ft - Apx Finished AG: 2777
  • Sq Ft - Apx Finished BG: 2663

Exterior Features

  • Driveway: Paved
  • Exterior: Wood
  • Foundation: Concrete
  • Road Frontage: TBD
  • Roads: Paved, Public

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Owned
  • Heating Fuel: Gas - Natural
  • Separate Utilities: Varies
  • Total Electric Meters: 3
  • Total Gas Meters: 1
  • Total Heat Units: 1
  • Total Ranges: 3
  • Total Refrigerators: 3

Lot Info

  • Lot Sq Ft: 7405
  • Lot Acres: 0.17
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: Institutional

Multi Family

  • Gross Income: 126000
  • Net Income: 86197
  • Total Full Baths: 7
  • Total Units: 3
  • Total3 Plus Bedroom Units: 3

Tax Info

  • Tax Gross Amount: 17743.84
  • Tax Year: 2016

Range of Values:

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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
10/11/2016 10/11/16 Sold $875,000 0.0% $315 / Sq Ft
10/11/2016 10/11/16 Pending -- -- --
04/14/2016 04/14/16 For Sale $875,000 -- $315 / 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 $18,231 $754,300 $187,500 $566,800
2023 $15,938 $754,300 $187,500 $566,800
2022 $15,935 $754,300 $187,500 $566,800
2021 $16,602 $754,300 $187,500 $566,800
2020 $20,982 $681,800 $216,000 $465,800
2019 $19,956 $681,800 $216,000 $465,800
2018 $19,165 $681,800 $216,000 $465,800
2017 $18,160 $681,800 $216,000 $465,800
2016 $17,744 $681,800 $216,000 $465,800
Source: Public Records

Agents Affiliated with this Home

  • Steve Lipkin

    Seller's Agent in 2016

    Steve Lipkin

    Coldwell Banker Hickok and Boardman

    (802) 846-9520

    Steve Lipkin
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Map

Source: PrimeMLS

MLS Number: 4603657

PrimeMLS

APN: (035) 045-4-011-000

Vermont Chittenden County Burlington 05401

40 Colchester Ave, Burlington, VT

Not Listed for Sale

MultiFamily

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