NOT LISTED FOR SALE

4001 Ethan Allen Hwy Saint Albans, VT 05478

8 Beds
5 Baths
4,545 Sq Ft
4 Acres

Last Sold January 04, 2018

Last sale price $375,800 $83 Per Sq Ft

93 Days on Market

Highlights

  • Barn
  • 4 Acre Lot
  • Countryside Views
  • Reverse Osmosis System
  • Colonial Architecture
  • Deck

About This Home

As of January 2018

This 4 unit building is a great opportunity for an investor or owner occupant. This property does qualify for an FHA loan that an owner occupant could use to be able to put down 3.5% and be able to live at no cost and end up with a paid for asset. The numbers also make sense for an investor. The location is great because there is a significant shortage of rental apartments and is in the district for Georgia Elementary, one of the best schools around with choice of high school. At the moment 3 of the 4 units are occupied with leases, there is a 2 bedroom unit that I am leaving vacant in case the buyer wants to occupy the building. If an investor is buying I am happy to have the last unit rented before sale.

Last Agent to Sell the Property

Jason Saphire

www.HomeZu.com License #063985 Listed on: 08/04/2017

Last Buyer's Agent

Jessica Bridge

Element Real Estate License #081.0109606

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,224

Year Built

  • Built in 1780

Lot Details

  • 4 Acre Lot
  • Lot Sloped Up

Home Design

  • Colonial Architecture
  • Post and Beam
  • Pillar, Post or Pier Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Masonite

Interior Spaces

  • 5 Full Bathrooms
  • 4,545 Sq Ft Home
  • 3-Story Property
  • Countryside Views
  • Reverse Osmosis System

Flooring

  • Wood
  • Carpet
  • Vinyl

Unfinished Basement

  • Walk-Out Basement
  • Dirt Floor

Parking

  • Stone Driveway
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Deck
  • Covered Patio or Porch

Farming

  • Barn

Utilities

  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • 200+ Amp Service
  • Drilled Well
  • Natural Gas Water Heater
  • Septic Tank
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Exclusions: NONE Except for washer/Dryer located in Unit B. New Speed Queen Coin op is included in laundry room

Community Details

Building Details

  • 4 Separate Gas Meters
  • Gross Income $53,856
  • Net Operating Income $34,625

Additional Features

  • 4 Units
  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,224

Year Built

Built in 1780

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building, Colonial, Multi-Family, Multi-Level
  • Directions: Across the street from Town of Georgia Offices, in the middle of Georgia Center on Rt 7
  • Assessment Amount: 351500
  • Construction: Existing
  • Items Excluded: NONE Except for washer/Dryer located in Unit B. New Speed Queen Coin op is included in laundry room
  • Total Stories: 3
  • Price Per Sq Ft: 82.68
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 4545
  • Sq Ft - Apx Total Finished: 4545
  • Year Built: 1780
  • Remarks Public: This 4 unit building is a great opportunity for an investor or owner occupant. This property does qualify for an FHA loan that an owner occupant could use to be able to put down 3.5% and be able to live at no cost and end up with a paid for asset. The numbers also make sense for an investor. The location is great because there is a significant shortage of rental apartments and is in the district for Georgia Elementary, one of the best schools around with choice of high school. At the moment 3 of the 4 units are occupied with leases, there is a 2 bedroom unit that I am leaving vacant in case the buyer wants to occupy the building. If an investor is buying I am happy to have the last unit rented before sale.
  • List Agent: 25434
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Flooring: Carpet, Hardwood, Vinyl
  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Dirt, No Tenant Access, Unfinished
  • Sq Ft - Apx Finished AG: 4545

Exterior Features

  • Construction: Post and Beam, Wood Frame
  • Driveway: Crushed Stone
  • Exterior: Masonite
  • Foundation: Fieldstone, Post/Piers, Stone
  • Road Frontage: Yes
  • Roads: Paved
  • Roof: Shingle - Asphalt
  • Features Exterior: Balcony, Barn, Deck, Porch - Covered

Garage/Parking

  • Parking: Driveway, Off Street

Utilities

  • Electric: 200 Amp, Circuit Breaker(s)
  • Sewer: 1500+ Gallon
  • Water: Drilled Well, Reverse Osmosis
  • Water Heater: Gas - Natural
  • Heating Fuel: Gas - Natural
  • Heating: Gas Heater, Hot Air
  • Total Electric Meters: 4
  • Total Gas Meters: 4
  • Total Heat Units: 5
  • Total Ranges: 4
  • Total Refrigerators: 4
  • Total Water Heaters: 4
  • Trash: Dumpster
  • Utilities: Cable, Dsl, Phone

Condo/Co-op/Association

  • Association Amenities: Coin Laundry

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 174240
  • Land Gains: To Be Determined
  • Lot Acres: 4
  • Lot Description: Country Setting
  • Surveyed: Unknown
  • Zoning: Res
  • Deed Book: 227
  • Deed Page: 96
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 53856
  • Net Income: 34625
  • Total Full Baths: 5
  • Total Units: 4
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 2
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 6224
  • Tax Year: 2016

Range of Values:

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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 Change Sq Ft Price
01/04/2018 01/04/18 Sold $375,800 -4.9% $83 / Sq Ft
11/05/2017 11/05/17 Pending -- -- --
08/04/2017 08/04/17 For Sale $395,000 +40.1% $87 / Sq Ft
03/30/2012 03/30/12 Sold $282,000 -13.2% $62 / Sq Ft
01/11/2012 01/11/12 Pending -- -- --
09/20/2011 09/20/11 For Sale $325,000 -- $72 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jason Saphire

    Seller's Agent in 2018

    Jason Saphire

    www.HomeZu.com

    (877) 249-5478

    3 in this area

    1,224 Total Sales

    Jason Saphire
    Section Image
  • Jessica Bridge

    Buyer's Agent in 2018

    Jessica Bridge

    Element Real Estate

    (802) 233-9817

    220 Total Sales

    Jessica Bridge
    Section Image
  • Steve Lipkin

    Seller's Agent in 2012

    Steve Lipkin

    Coldwell Banker Hickok and Boardman

    (802) 846-9520

    Steve Lipkin
    Section Image

  • R

    Buyer's Agent in 2012

    Ryan Fitzgerald

    KW Vermont

See All Agents

Map

Source: PrimeMLS

MLS Number: 4651756

PrimeMLS
Vermont Franklin County St. Albans Town 05478

4001 Ethan Allen Hwy, St. Albans Town, VT

This home is located at 4001 Ethan Allen Hwy, Saint Albans, VT 05478 since 04 August 2017. This property was built in 1780. 4001 Ethan Allen Hwy is a home located in Franklin County with nearby schools including Georgia Elementary/Middle School.

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