NOT LISTED FOR SALE

40 Pleasant Valley Rd Underhill, VT 05489

Estimated Value: $388,000 - $764,000

4 Beds
2 Baths
2,550 Sq Ft
$222/Sq Ft Est. Value

Last Sold December 01, 2022

Last sale price $399,000 $156 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $3,646/month

7 Days on Market

Highlights

  • Countryside Views
  • Farmhouse Style Home
  • Patio
  • Underhill Central School Rated A-
  • Corner Lot
  • 2-minute walk to Underhill Central Playground

About This Home

As of December 2022

Remarkable & unique Underhill opportunity, this 2 family home has been lovingly maintained by the same owners since 1976, and they are now ready pass on to the next steward. This solid duplex farmhouse is sure to attract all intending buyers, be it a new or experienced landlord looking to add a creditable rental to their portfolio, or an owner occupier wishing to live in 1 unit while renting the other to help pay their mortgage and bills. The farmhouse containing two 2 bed 1.5 bath apartments (unit A also has a separate bonus / office room). This is a low maintenance building with all the big ticket items in great shape including shiny standing seam roof, maintenance free vinyl siding, newer windows, furnaces 2012, drilled well 2010, annually inspected septic system, the list goes on! Each unit has their own separate basement space for storage. Inside each occupant is welcomed by a large stone decorative fireplace. Outside each unit enjoys their own private patio looking out upon a large 2 acre lot. The location itself is hard to beat - country setting yet moments from all Underhill has to offer, including Underhill Central School with great playground, & walking distance to Town Park with tennis courts, basketball hoop, & swimming pond. 20 mins from Smugglers Notch Ski Resort, and 30 mins from BTV International Airport.

Last Agent to Sell the Property

Michael O'Dowd

KW Vermont License #082.0101428 Listed on: 08/18/2022

KW Vermont

Last Buyer's Agent

Renae Bouchard

KW Vermont License #082.0134637

KW Vermont

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,793

Year Built

  • Built in 1804

Lot Details

  • 2 Acre Lot
  • Landscaped
  • Corner Lot
  • Lot Sloped Up

Home Design

  • Duplex
  • Farmhouse Style Home
  • Stone Foundation
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • 2-Story Property
  • Countryside Views

Flooring

  • Carpet
  • Laminate

Unfinished Basement

  • Walk-Out Basement
  • Basement Storage

Parking

  • 6 Car Parking Spaces
  • Gravel Driveway

Outdoor Features

  • Patio

Schools

  • Underhill Central Elementary School
  • Browns River Middle
  • Mt. Mansfield

Utilities

  • Baseboard Heating
  • Heating System Uses Oil
  • Separate Meters
  • Drilled Well
  • Water Heater
  • Septic Tank

Community Details

Overview

  • 2 Units

Recreation

  • Snow Removal

Building Details

  • 2 Separate Gas Meters
  • Operating Expense $9,488
  • Gross Income $36,000
  • Net Operating Income $26,515

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,793

Year Built

Built in 1804

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Duplex, Farmhouse
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 156.47
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3447
  • Sq Ft - Apx Total Finished: 2550
  • Year Built: 1804
  • Remarks Public: Remarkable & unique Underhill opportunity, this 2 family home has been lovingly maintained by the same owners since 1976, and they are now ready pass on to the next steward. This solid duplex farmhouse is sure to attract all intending buyers, be it a new or experienced landlord looking to add a creditable rental to their portfolio, or an owner occupier wishing to live in 1 unit while renting the other to help pay their mortgage and bills. The farmhouse containing two 2 bed 1.5 bath apartments (unit A also has a separate bonus / office room). This is a low maintenance building with all the big ticket items in great shape including shiny standing seam roof, maintenance free vinyl siding, newer windows, furnaces 2012, drilled well 2010, annually inspected septic system, the list goes on! Each unit has their own separate basement space for storage. Inside each occupant is welcomed by a large stone decorative fireplace. Outside each unit enjoys their own private patio looking out upon a large 2 acre lot. The location itself is hard to beat - country setting yet moments from all Underhill has to offer, including Underhill Central School with great playground, & walking distance to Town Park with tennis courts, basketball hoop, & swimming pond. 20 mins from Smugglers Notch Ski Resort, and 30 mins from BTV International Airport.
  • List Agent: 3586
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Laminate
  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Concrete Floor, Storage Space, Unfinished
  • Sq Ft - Apx Finished AG: 2550
  • Sq Ft - Apx Unfinished BG: 897

Exterior Features

  • Driveway: Gravel
  • Exterior: Vinyl Siding
  • Foundation: Stone
  • Road Frontage: TBD
  • Roads: Paved, Public
  • Roof: Metal, Standing Seam
  • Features Exterior: Patio

Garage/Parking

  • Parking: Parking Spaces 6+

Utilities

  • Cable Company: Comcast
  • Electric: Circuit Breaker(s)
  • Fuel Company: A Patterson B VT CoOP
  • Sewer: Septic
  • Water: Drilled Well
  • Water Heater: Owned
  • Heating Fuel: Oil
  • Heating: Baseboard
  • Electric Company: GMP
  • Separate Utilities: Yes
  • Total Electric Meters: 2
  • Total Gas Meters: 2
  • Total Heat Units: 2
  • Total Ranges: 2
  • Total Refrigerators: 2
  • Total Water Heaters: 2
  • Trash: Tenant

Condo/Co-op/Association

  • Association Amenities: Snow Removal, Landscaping

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Underhill Town School District
  • Elementary School: Underhill Central School
  • Middle School: Browns River Middle USD #17
  • High School: Mt. Mansfield USD #17
  • Elementary School: Underhill Central School
  • High School: Mt. Mansfield USD #17

Lot Info

  • Lot Sq Ft: 87120
  • Lot Acres: 2
  • Lot Description: Corner, Country Setting, View
  • Surveyed: Unknown
  • Zoning: R
  • Deed Book: 116
  • Deed Page: 214
  • Deed Recorded Type: Quit Claim

Multi Family

  • Gross Income: 36000
  • Net Income: 26515
  • Total Full Baths: 2
  • Total Units: 2
  • Total2 Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 6793.28
  • Tax Year: 2022

MLS Schools

  • School District: Underhill Town School District
  • School Middle Jr: Browns River Middle USD #17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2022
Closed on
Dec 1, 2022
Sold by
Mathews Edward O and Mathews Louise F
Bought by
Hartman Jason M and Mumford Kaylee V
Seller's Agent
Michael O'Dowd
KW Vermont
Buyer's Agent
Renae Bouchard
KW Vermont
List Price
$399,000
Sold Price
$399,000
Views
20
Current Estimated Value
$566,323

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$167,323
Avg. Annual Appreciation
13.21%
Source: Public Records

Range of Values:

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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
Hartman Jason M $399,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2022 12/01/22 Sold $399,000 0.0% $156 / Sq Ft
08/25/2022 08/25/22 Pending -- -- --
08/18/2022 08/18/22 For Sale $399,000 -- $156 / 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 -- $388,100 $138,000 $250,100
2023 -- $388,100 $138,000 $250,100
2022 $6,793 $388,100 $138,000 $250,100
2021 $6,440 $275,900 $118,800 $157,100
2020 $6,034 $275,900 $118,800 $157,100
2019 $5,850 $275,900 $118,800 $157,100
2018 $5,891 $275,900 $118,800 $157,100
2017 $5,715 $270,100 $133,200 $136,900
2016 $5,635 $275,900 $118,800 $157,100
Source: Public Records

Agents Affiliated with this Home

  • Michael O'Dowd

    Seller's Agent in 2022

    Michael O'Dowd

    KW Vermont

    (802) 654-8500

    1 in this area

    120 Total Sales

    Michael O'Dowd
    Section Image
  • Renae Bouchard

    Buyer's Agent in 2022

    Renae Bouchard

    KW Vermont

    (603) 856-6107

    1 in this area

    10 Total Sales

    Renae Bouchard
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4926002

PrimeMLS

APN: (209) PV040

Vermont Chittenden County Underhill 05489

40 Pleasant Valley Rd, Underhill, VT

This home is located at 40 Pleasant Valley Rd, Underhill, VT 05489 since 18 August 2022 and is currently estimated at $566,323, approximately $222 per square foot. This property was built in 1804. 40 Pleasant Valley Rd is a home located in Chittenden County with nearby schools including Underhill Central School, Brewster Pierce School, and Browns River Middle School.

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