NOT LISTED FOR SALE

42 Latham Ct Burlington, VT 05401

Estimated Value: $639,000 - $709,858

5 Beds
3 Baths
2,491 Sq Ft
$275/Sq Ft Est. Value

Last Sold June 15, 2022

Last sale price $568,500 $228 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $4,760/month

9 Days on Market

About This Home

As of June 2022

Centrally located on a dead end street with access to centennial field, off Colchester Avenue, this duplex is ready for its next owner! Situated between Burlington and Winooski, this duplex is minutes from many incredible restaurants, stores, and schools. The property boasts a fantastic layout with a four bedroom unit and a one bedroom unit. Both units are rented through May 2023, making this a great investment opportunity or future owner occupied option with rental income. This property boasts a great backyard with garden space, paved driveway with 2 off street parking spaces and a covered front porch. The 1,902 sq ft, four bedroom unit is located in the main house and features a spacious and sunny living room, open kitchen, 2 bathrooms, and attic space. The 560 sq ft, one bedroom cottage unit is located toward the back of the property and features a full kitchen, bathroom, living room, and bedroom with a sliding glass door that leads to the backyard. The property has been well maintained and enjoys many recent interior and exterior updates as well as all having all fire code issues addressed. Incredible walkable location less than 5 minutes from UVM, hospital, the interstate and everything both Burlington and Winooski have to offer. Showings start 5/13

Last Agent to Sell the Property

Julie Danaher

Ridgeline Real Estate Listed on: 05/09/2022

Last Buyer's Agent

Julie Danaher

Ridgeline Real Estate Listed on: 05/09/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,189

Year Built

  • Built in 1915

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Sloped Up

Home Design

  • Farmhouse Style Home
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Membrane Roofing
  • Vinyl Siding

Interior Spaces

  • 3-Story Property

Flooring

  • Softwood
  • Carpet
  • Laminate

Unfinished Basement

  • Partial Basement
  • Interior Basement Entry

Parking

  • 2 Car Parking Spaces
  • Paved Parking

Schools

  • Burlington High School

Utilities

  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Separate Meters
  • Natural Gas Water Heater

Community Details

  • 2 Units
  • Gross Income $48,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,189

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Farmhouse
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 228.22
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3220
  • Sq Ft - Apx Total Finished: 2491
  • Year Built: 1915
  • Remarks Public: Centrally located on a dead end street with access to centennial field, off Colchester Avenue, this duplex is ready for its next owner! Situated between Burlington and Winooski, this duplex is minutes from many incredible restaurants, stores, and schools. The property boasts a fantastic layout with a four bedroom unit and a one bedroom unit. Both units are rented through May 2023, making this a great investment opportunity or future owner occupied option with rental income. This property boasts a great backyard with garden space, paved driveway with 2 off street parking spaces and a covered front porch. The 1,902 sq ft, four bedroom unit is located in the main house and features a spacious and sunny living room, open kitchen, 2 bathrooms, and attic space. The 560 sq ft, one bedroom cottage unit is located toward the back of the property and features a full kitchen, bathroom, living room, and bedroom with a sliding glass door that leads to the backyard. The property has been well maintained and enjoys many recent interior and exterior updates as well as all having all fire code issues addressed. Incredible walkable location less than 5 minutes from UVM, hospital, the interstate and everything both Burlington and Winooski have to offer. Showings start 5/13
  • List Agent: 279984
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Flooring: Carpet, Laminate, Softwood
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Partial, Unfinished
  • Sq Ft - Apx Finished AG: 2491
  • Sq Ft - Apx Unfinished BG: 729

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl Siding
  • Foundation: Stone
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Membrane, Shingle

Garage/Parking

  • Parking: Parking Spaces 2

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas - Natural, On Demand, Owned
  • Heating Fuel: Gas - Natural
  • Heating: Radiant
  • Separate Utilities: Yes

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Burlington School District
  • High School: Burlington High School
  • High School: Burlington High School

Lot Info

  • Lot Sq Ft: 6098
  • Lot Acres: 0.14
  • Lot Description: City Lot
  • Surveyed: Yes
  • Zoning: Residential - Low Density
  • Deed Book: 1575
  • Deed Page: 174
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 48900
  • Total Units: 2
  • Total1 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 11189
  • Tax Year: 2022

MLS Schools

  • School District: Burlington School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2022
Closed on
Jun 15, 2022
Sold by
Foy Philip
Seller's Agent
Julie Danaher
Ridgeline Real Estate
Buyer's Agent
Julie Danaher
Ridgeline Real Estate
List Price
$579,000
Sold Price
$568,500
Premium/Discount to List
-$10,500
-1.81%
Total Days on Market
9
Current Estimated Value
$685,715

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,215
Avg. Annual Appreciation
6.21%
Source: Public Records

Range of Values:

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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
-- $568,500 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2022 06/15/22 Sold $568,500 -1.8% $228 / Sq Ft
05/18/2022 05/18/22 Pending -- -- --
05/09/2022 05/09/22 For Sale $579,000 +17.9% $232 / Sq Ft
02/25/2021 02/25/21 Sold $491,000 -0.8% $199 / Sq Ft
12/24/2020 12/24/20 Pending -- -- --
12/14/2020 12/14/20 For Sale $495,000 -- $201 / 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 $12,288 $508,400 $147,600 $360,800
2023 $10,742 $508,400 $147,600 $360,800
2022 $10,740 $508,400 $147,600 $360,800
2021 $11,190 $508,400 $147,100 $361,300
2020 $9,586 $311,500 $136,600 $174,900
2019 $9,117 $311,500 $136,600 $174,900
2018 $8,756 $311,500 $136,600 $174,900
2017 $8,297 $311,500 $136,600 $174,900
2016 $8,107 $311,500 $136,600 $174,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4908793

PrimeMLS

APN: (035) 046-2-039-000