NOT LISTED FOR SALE

45 East Terrace South Burlington, VT 05403

Estimated Value: $481,000 - $620,000

4 Beds
3 Baths
2,286 Sq Ft
$248/Sq Ft Est. Value

Last Sold June 20, 2024

Last sale price $535,000 $234 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,878/month

19 Days on Market

Highlights

  • Raised Ranch Architecture
  • Interior Lot
  • Baseboard Heating
  • Frederick H. Tuttle Middle School Rated A-

About This Home

As of June 2024

Outstanding investment opportunity awaits! 45 East Terrace is a spacious 4 bedroom plus den, 3 bath home in a sought after South Burlington location. The property is currently being used as a rental property. This is a great opportunity to continue as an investment, or convert to a single family home at the culmination of the current Lease! The upper level offers an open floor plan, with the kitchen overlooking both the dining and living rooms. A large sunroom, with deck access, is located just off the kitchen. 3 bedrooms are found on the main level, in addition to a full and 3/4 bath. The lower level has an additional large bedroom with egress window, family room, an additional room for a den/office and another 3/4 bath. This floor also has a spacious laundry room with washer and dryer with an adjacent entrance. The property sits on .26 acres with a well maintained yard that is partially fenced, a storage shed, gardening space and a large exterior deck for entertaining! 45 East Terrace is close to UVM, the Medical Center, Staples Plaza, University Mall and Burlington Tennis Club. The current Lease is in place until May 27, 2025. Renters pay $5,000/month plus all utilities (gas, electric, water, trash, internet). Further lease details available upon request.

Last Agent to Sell the Property

Kendra Kenney

Pomerleau Real Estate License #081.0134071 Listed on: 04/10/2024

Last Buyer's Agent

A non PrimeMLS member

A Non PrimeMLS Agency

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,316

Year Built

  • Built in 1950

Lot Details

  • 0.26 Acre Lot
  • Interior Lot
  • Lot Sloped Up

Home Design

  • Raised Ranch Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Membrane Roofing
  • Cedar Siding

Interior Spaces

  • 2,286 Sq Ft Home
  • 2-Story Property
  • Carbon Monoxide Detectors

Kitchen

  • Electric Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • Driveway
  • Paved Parking

Schools

  • Orchard Elementary School
  • Frederick H. Tuttle Middle Sch
  • South Burlington High School

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Community Sewer or Septic
  • Internet Available
  • Cable TV Available

Community Details

  • Lake Point Association, Phone Number (802) 347-6100

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,316

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 234.03
  • Property Class: Residential
  • Property Type: Single Family
  • Year Built: 1950
  • Remarks Public: Outstanding investment opportunity awaits! 45 East Terrace is a spacious 4 bedroom plus den, 3 bath home in a sought after South Burlington location. The property is currently being used as a rental property. This is a great opportunity to continue as an investment, or convert to a single family home at the culmination of the current Lease! The upper level offers an open floor plan, with the kitchen overlooking both the dining and living rooms. A large sunroom, with deck access, is located just off the kitchen. 3 bedrooms are found on the main level, in addition to a full and 3/4 bath. The lower level has an additional large bedroom with egress window, family room, an additional room for a den/office and another 3/4 bath. This floor also has a spacious laundry room with washer and dryer with an adjacent entrance. The property sits on .26 acres with a well maintained yard that is partially fenced, a storage shed, gardening space and a large exterior deck for entertaining! 45 East Terrace is close to UVM, the Medical Center, Staples Plaza, University Mall and Burlington Tennis Club. The current Lease is in place until May 27, 2025. Renters pay $5,000/month plus all utilities (gas, electric, water, trash, internet). Further lease details available upon request.
  • List Agent: 13286
  • Unique Disclaimer: The listing broker's offer of compensation is made only to other real estate licensees who are participant members of PrimeMLS.
  • Display On Internet: Internet - Cable
  • Architectural Style: Raised Ranch
  • ResoLotFeatures: Interior Lot
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Cooktop - Electric, Dishwasher, Dryer, Refrigerator, Washer, Water Heater - Electric
  • Equipment: CO Detector
  • Total Bedrooms: 4
  • Total Bathrooms: 3
  • Three Quarter Bathrooms: 2
  • Full Bathrooms: 1
  • Sq Ft - Apx Finished AG: 2286
  • Sq Ft - Apx Total: 2286
  • Sq Ft - Apx Total Finished: 2286

Exterior Features

  • Driveway: Paved
  • Foundation: Concrete
  • Road Frontage: Yes
  • Roads: Paved
  • Roof: Membrane
  • Construction Type: Wood Frame, Cedar Exterior

Garage/Parking

  • Parking: Driveway, Paved

Utilities

  • Cable Company: Comcast
  • Electric: On-Site
  • Fuel Company: Vt Gas
  • Sewer: Community
  • Heating Fuel: Gas - Natural
  • Heating: Baseboard
  • Electric Company: Green Mt Power
  • Phone Company: Comcast
  • Utilities: Cable
  • Water Source: Community

Condo/Co-op/Association

  • Mgmt Co Phone: 802-347-6100
  • Management Company: Lake Point

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: South Burlington Sch Distict
  • Elementary School: Orchard Elementary School
  • Middle School: Frederick H. Tuttle Middle Sch
  • High School: South Burlington High School
  • Elementary School: Orchard Elementary School
  • High School: South Burlington High School

Lot Info

  • Lot Sq Ft: 11326
  • Lot Acres: 0.26
  • Zoning: Residential
  • Deed Book: 399
  • Deed Page: 691
  • Deed Recorded Type: Warranty

Rental Info

  • Rental Amount: 5000
  • Rented: Yes

Tax Info

  • Tax Gross Amount: 8316
  • Tax Year: 2023

MLS Schools

  • School District: South Burlington Sch Distict
  • School Middle Jr: Frederick H. Tuttle Middle Sch

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2024
Closed on
Jun 20, 2024
Sold by
East Terrace Llc
Bought by
Ach Llc
Seller's Agent
Kendra Kenney
Pomerleau Real Estate
Buyer's Agent
A non PrimeMLS member
A Non PrimeMLS Agency
List Price
$585,000
Sold Price
$535,000
Premium/Discount to List
-$50,000
-8.55%
Views
143
Current Estimated Value
$567,932

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,932
Avg. Annual Appreciation
3.70%
Source: Public Records

Range of Values:

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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
Ach Llc $535,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2024 06/20/24 Sold $535,000 -8.5% $234 / Sq Ft
04/29/2024 04/29/24 Pending -- -- --
04/10/2024 04/10/24 For Sale $585,000 0.0% $256 / Sq Ft
09/27/2022 09/27/22 Rented $5,000 +5.3% --
09/13/2022 09/13/22 For Rent $4,750 +18.8% --
09/16/2020 09/16/20 Rented $4,000 0.0% --
09/01/2020 09/01/20 For Rent $4,000 0.0% --
11/01/2018 11/01/18 Sold $373,400 -1.7% $163 / Sq Ft
09/11/2018 09/11/18 Pending -- -- --
09/04/2018 09/04/18 For Sale $379,900 -- $166 / 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 $9,217 $418,400 $117,600 $300,800
2023 $8,025 $418,400 $117,600 $300,800
2022 $8,023 $418,400 $117,600 $300,800
2021 $7,840 $418,400 $117,600 $300,800
2020 $6,083 $309,500 $93,800 $215,700
2019 $6,968 $309,500 $93,800 $215,700
2018 $6,748 $309,500 $93,800 $215,700
2017 $5,863 $309,500 $93,800 $215,700
2016 $6,399 $309,500 $93,800 $215,700
Source: Public Records

Agents Affiliated with this Home

  • Kendra Kenney

    Seller's Agent in 2024

    Kendra Kenney

    Pomerleau Real Estate

    (802) 881-6776

    4 in this area

    15 Total Sales

    Section Image

  • A

    Buyer's Agent in 2024

    A non PrimeMLS member

    VT_ME_NH_NEREN

  • Deborah Hanley

    Seller's Agent in 2018

    Deborah Hanley

    Coldwell Banker Hickok and Boardman

    (802) 343-3710

    31 in this area

    116 Total Sales

    Section Image
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Map

Source: PrimeMLS

MLS Number: 4990943

PrimeMLS

APN: (188) 0610-00045

Vermont Chittenden County South Burlington 05403

45 East Terrace, South Burlington, VT

This home is located at 45 East Terrace, South Burlington, VT 05403 since 10 April 2024 and is currently estimated at $567,932, approximately $248 per square foot. This property was built in 1950. 45 East Terrace is a home located in Chittenden County with nearby schools including Frederick H. Tuttle Middle School, South Burlington High School, and Mater Christi School.

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