NOT LISTED FOR SALE

40 E Main St Wilmington, VT 05363

Estimated Value: $278,000 - $390,000

4 Beds
4 Baths
2,150 Sq Ft
$150/Sq Ft Est. Value

Last Sold February 01, 2023

Last sale price $240,000 $112 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $2,051/month

8 Days on Market

Highlights

  • Deck
  • Covered Patio or Porch
  • Baseboard Heating
  • Wood Flooring
  • Shed
  • 4-minute walk to Wilmington Pergola

About This Home

As of February 2023

Great investment property with lots of possibility. Fully occupied in town 3 unit building. Currently set up with 2 - 1 bedroom/1 bath units and a 2 bedroom/2 bath unit with month to month leases. Excellent rental history. Vinyl sided, covered front porch, attached shed, deck out back, newer roof (5 years old) & separate electric meters. Conveniently located in Wilmington - walking distance to everything you need - PO, bank, grocery store, laundromat, restaurants, shopping, Old School Community Center & town park, ball field and tennis courts. Close to area lakes, golf courses and ski areas. Come take a look!

Last Agent to Sell the Property

Jennifer Hovey-Densmore

Deerfield Valley Real Estate License #082.0003678 Listed on: 11/02/2022

Last Buyer's Agent

Samantha Decker

Deerfield Valley Real Estate License #082.0108604

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,386

Year Built

  • Built in 1900

Lot Details

  • 1.01 Acre Lot
  • Lot Sloped Up

Parking

  • Paved Parking

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 4 Full Bathrooms
  • 2,150 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Basement

  • Connecting Stairway
  • Interior Basement Entry
  • Dirt Floor
  • Crawl Space

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Shed

Schools

  • Deerfield Valley Elem. Sch Elementary School
  • Twin Valley Middle School
  • Twin Valley High School

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Separate Meters
  • 100 Amp Service
  • Electric Water Heater

Community Details

  • 3 Units
  • Gross Income $27,216

Listing and Financial Details

  • Exclusions: tenants own their furniture/belongings

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,386

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Directions: East Main Street - #40 - across the street from the Post Office.
  • Construction: Existing
  • Items Excluded: tenants own their furniture/belongings
  • Total Stories: 2
  • Price Per Sq Ft: 111.63
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 2150
  • Sq Ft - Apx Total Finished: 2150
  • Year Built: 1900
  • List Agent: 1865
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Tile, Vinyl, Wood
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Crawl Space, Dirt Floor, Stairs - Interior, Interior Access
  • Sq Ft - Apx Finished AG: 2150

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl
  • Foundation: Fieldstone
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle - Asphalt
  • Features Exterior: Deck, Porch - Covered, Shed

Utilities

  • Cable Company: Consolidated duncan
  • Electric: 100 Amp
  • Fuel Company: nidos osterman
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric, Off Boiler
  • Heating Fuel: Gas - LP/Bottle, Oil
  • Heating: Baseboard, Gas Heater - Vented, Hot Water
  • Electric Company: GMP
  • Phone Company: Consolidated
  • Separate Utilities: Yes
  • Total Electric Meters: 3
  • Total Ranges: 3
  • Total Refrigerators: 3
  • Total Water Heaters: 3
  • Trash: Dumpster

Condo/Co-op/Association

  • Management Company: Owner

Fee Information

  • Tax Class: Non-Homestead

Schools

  • Elementary School: Deerfield Valley Elem. Sch
  • High School: Twin Valley High School

Lot Info

  • Lot Sq Ft: 43996
  • Lot Acres: 1.01
  • Lot Description: Sloping
  • Surveyed: Unknown
  • Zoning: commerical
  • Deed Book: 136
  • Deed Page: 383
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 27216
  • Total Full Baths: 4
  • Total Units: 3
  • Total1 Bedroom Units: 2
  • Total2 Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 4385.68
  • Tax Year: 2022

MLS Schools

  • School Middle Jr: Twin Valley Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2022
Closed on
Feb 1, 2023
Sold by
Arbor Realty Holdings Llc
Bought by
Corriston-Reed Development Group Llc
Seller's Agent
Jennifer Hovey-Densmore
Deerfield Valley Real Estate
Buyer's Agent
Samantha Decker
Deerfield Valley Real Estate
List Price
$265,000
Sold Price
$240,000
Premium/Discount to List
-$25,000
-9.43%
Views
92
Current Estimated Value
$322,242

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,242
Avg. Annual Appreciation
10.85%
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Corriston-Reed Development Group Llc $240,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/01/2023 02/01/23 Sold $240,000 -9.4% $112 / Sq Ft
11/10/2022 11/10/22 Pending -- -- --
11/02/2022 11/02/22 For Sale $265,000 -- $123 / 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 $4,332 $235,580 $30,000 $205,580
2023 $3,897 $175,000 $25,000 $150,000
2022 $3,897 $175,000 $25,000 $150,000
2021 $3,849 $175,000 $25,000 $150,000
2020 $4,238 $175,000 $25,000 $150,000
2019 $3,858 $165,000 $0 $0
2018 $3,716 $165,000 $0 $0
2016 $3,341 $165,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4936057

PrimeMLS

APN: 762-242-11482