NOT LISTED FOR SALE

41 Exchange St Middlebury, VT 05753

Estimated Value: $398,000 - $648,000

5 Beds
2 Baths
2,278 Sq Ft
$224/Sq Ft Est. Value

Last Sold April 18, 2022

Last sale price $425,000 $187 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,983/month

4 Days on Market

Highlights

  • Wood Flooring
  • Balcony
  • Double Pane Windows
  • Covered patio or porch
  • 2 Car Detached Garage
  • Parking Storage or Cabinetry

About This Home

As of April 2022

Excellent opportunity to invest in a well-maintained and updated apartment house in a college town. Many improvements over the years include: new kitchens, new appliances, some new flooring, some refinished flooring, replaced siding & trim/roof, rebuilt all porches. Added spray foam insulation in many areas, some spaces gutted to studs and updated. Converted to natural gas heating (rented burner), repointed chimney from the roofline and added chimney cap, paved the driveway, enclosed a mudroom for 1st floor apartment, graded the lawn, added a partial fence for privacy, added drainage around the house. The two car detached garage has been spray foam insulted, new roof, propane heat and two newer garage doors (one with automatic opener) and three sides have been replaced with fiberboard siding. House was pre-inspected and several plumbing and electrical issues have been or will be corrected. State of Vermont Fire Safety Inspection scheduled for 1/13, EMP compliant. Owner is listing broker. Showings BEGIN on THURSDAY, JANUARY 6th. Seller would prefer to rent back the garage until end of summer 2022.

Last Agent to Sell the Property

Amey Ryan

IPJ Real Estate License #081.0073670 Listed on: 01/04/2022

Last Buyer's Agent

Jill Fraga

The Real Estate Company of Vermont, LLC License #081.0092257

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,418

Year Built

  • Built in 1890

Lot Details

  • 8,276 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot

Parking

  • 2 Car Detached Garage
  • Parking Storage or Cabinetry
  • Heated Garage
  • Automatic Garage Door Opener
  • Driveway
  • Assigned Parking
  • Unassigned Parking

Home Design

  • Duplex
  • Concrete Foundation
  • Wood Frame Construction
  • Corrugated Roof
  • Membrane Roofing
  • Clap Board Siding

Interior Spaces

  • 2 Full Bathrooms
  • 3-Story Property
  • Double Pane Windows
  • Window Screens

Flooring

  • Wood
  • Carpet
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Connecting Stairway
  • Interior and Exterior Basement Entry
  • Sump Pump
  • Basement Storage

Outdoor Features

  • Balcony
  • Covered patio or porch

Schools

  • Mary Hogan Elementary School
  • Middlebury Union Middle #3
  • Middlebury Senior Uhsd #3 High School

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Gas Available
  • Water Heater
  • Community Sewer or Septic
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Exclusions: Freezers in garage

Community Details

Overview

  • 2 Units
  • Owners Association

Recreation

  • Trails

Building Details

  • 1 Separate Gas Meter
  • Operating Expense $16,083
  • Gross Income $31,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,418

Year Built

Built in 1890

Lot Details

0

Parking

2

Listing Details

  • Status Detail: Closed
  • Style: Duplex
  • Directions: From the center of Middlebury, take Seymour Street to the Stop sign. Cross the intersection onto Exchange Street, first house on left after Greg's Market. From Route 7 north, turn onto Exchange Street. Follow nearly to the end. Last house on right before intersection with Elm St. Sign.
  • Footprint: 26x34
  • Assessment Amount: 224900
  • Assessment Year: 2019
  • Construction: Existing
  • Items Excluded: Freezers in garage
  • Total Stories: 3
  • Price Per Sq Ft: 186.57
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3162
  • Sq Ft - Apx Total Finished: 2278
  • Year Built: 1890
  • Remarks Public: Excellent opportunity to invest in a well-maintained and updated apartment house in a college town. Many improvements over the years include: new kitchens, new appliances, some new flooring, some refinished flooring, replaced siding & trim/roof, rebuilt all porches. Added spray foam insulation in many areas, some spaces gutted to studs and updated. Converted to natural gas heating (rented burner), repointed chimney from the roofline and added chimney cap, paved the driveway, enclosed a mudroom for 1st floor apartment, graded the lawn, added a partial fence for privacy, added drainage around the house. The two car detached garage has been spray foam insulted, new roof, propane heat and two newer garage doors (one with automatic opener) and three sides have been replaced with fiberboard siding. House was pre-inspected and several plumbing and electrical issues have been or will be corrected. State of Vermont Fire Safety Inspection scheduled for 1/13, EMP compliant. Owner is listing broker. Showings BEGIN on THURSDAY, JANUARY 6th. Seller would prefer to rent back the garage until end of summer 2022.
  • List Agent: 8667
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Flooring: Carpet, Hardwood, Vinyl
  • Total Rooms Above Ground: 11
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Bulkhead, Concrete, Concrete Floor, Full, Stairs - Interior, Storage Space, Sump Pump, Unfinished, Interior Access, Exterior Access, Stairs - Basement
  • Sq Ft - Apx Finished AG: 2278
  • Sq Ft - Apx Unfinished BG: 884

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Cement, Clapboard, Composition
  • Foundation: Concrete
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Corrugated, Membrane, Standing Seam
  • Features Exterior: Balcony, Fence - Partial, Porch - Covered, Window Screens, Windows - Double Pane

Garage/Parking

  • Garage Capacity: 2
  • Parking: Assigned, Driveway, On-Site, Parking Spaces 6+
  • Garage: Yes
  • Garage Description: Auto Open, Heated, Storage Above, Unassigned
  • Garage Type: Detached

Utilities

  • Cable Company: Xfinity
  • Electric: Circuit Breaker(s)
  • Fuel Company: VT Gas
  • Sewer: Community
  • Water: Community
  • Water Heater: Domestic
  • Heating Fuel: Gas - Natural
  • Heating: Baseboard, Hot Water
  • Electric Company: GMP
  • Phone Company: Xfinity
  • Separate Utilities: Varies
  • Total Electric Meters: 2
  • Total Gas Meters: 1
  • Total Heat Units: 1
  • Total Ranges: 2
  • Total Refrigerators: 2
  • Total Water Heaters: 1
  • Trash: Cans
  • Utilities: Cable - At Site, Gas - On-Site, Internet - Cable, Telephone Available

Condo/Co-op/Association

  • Management Company: owners

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Addison Central
  • Elementary School: Mary Hogan School
  • Middle School: Middlebury Union Middle #3
  • High School: Middlebury Senior UHSD #3
  • Elementary School: Mary Hogan School
  • High School: Middlebury Senior UHSD #3

Lot Info

  • Lot Sq Ft: 8276
  • Lot Acres: 0.19
  • Lot Description: City Lot, Level, Street Lights, Trail/Near Trail
  • Zoning: VRC
  • Deed Book: 274
  • Deed Page: 54-56
  • Deed Recorded Type: Quit Claim

Multi Family

  • Gross Income: 31800
  • Total Full Baths: 2
  • Total Units: 2
  • Total2 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 5417.61
  • Tax Year: 2021

MLS Schools

  • School District: Addison Central
  • School Middle Jr: Middlebury Union Middle #3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 18, 2001
Sold by
O'Connor Robert C
Bought by
Broughton Thomas M and Broughton Charlene N
Current Estimated Value
$448,401
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
Broughton Thomas M $98,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2022 04/18/22 Sold $425,000 +1.2% $187 / Sq Ft
01/08/2022 01/08/22 Pending -- -- --
01/04/2022 01/04/22 For Sale $420,000 -- $184 / 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 $6,066 $224,900 $42,600 $182,300
2023 $5,382 $224,900 $42,600 $182,300
2022 $5,382 $224,900 $42,600 $182,300
2021 $5,418 $224,900 $42,600 $182,300
2020 $5,360 $224,900 $42,600 $182,300
2019 $5,287 $224,900 $42,600 $182,300
2018 $4,135 $145,200 $22,100 $123,100
2016 $3,841 $145,200 $22,100 $123,100
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: PrimeMLS

MLS Number: 4894443

PrimeMLS

APN: 387-120-10382