NOT LISTED FOR SALE

4668 Route 116 Shelburne, VT 05482

Estimated Value: $971,000 - $1,101,000

6 Beds
3 Baths
2,280 Sq Ft
$454/Sq Ft Est. Value

Last Sold July 07, 2017

Last sale price $495,000 $217 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $6,551/month

42 Days on Market

Highlights

  • 58 Acre Lot
  • Countryside Views
  • Wood Flooring
  • Shelburne Community School Rated A-
  • Farm
  • Porch

About This Home

As of July 2017

Rare Shelburne Vermont opportunity! This 58 +/-acre farm comes equipped with a 120’ x 90’ horse barn, numerous pastures & fields, endless private trails & a fully rented residential tri-plex. The fully-enclosed barn with a vaulted roof provides protected riding through a typical New England winter. Twelve covered stalls open directly to the riding rink providing ease of access and protection from the mud & weather. In addition to the heated tack room, water has been brought to the barn and hay is stored in an adjacent trailer. Through a barn Co-op the stalls rent at $160 p/m each for a total of $1,920 p/m. Approximately 30 acres of usable pastures and hayfields surround the barn, mostly level and organized for rotational grazing and riding. All grazing areas are enclosed by electric fencing and the fields have been designed to create a natural runway system for your horses from the barn to the pastures. Almost 2 miles of natural riding trails were created around the border the property. Those looking for additional income will enjoy the fully rented 2-story triplex. All three apartments include 2BR/1BA with a total income of $3,125 p/m. For a purchaser looking to add a primary residence there is a potential location on the southern end of the property that can offer privacy & potential views of Shelburne Pond. This would require subdivision and has not been fully investigated by the seller.

Last Agent to Sell the Property

Curtis Trousdale

Preferred Properties Brokerage Phone: 802-862-9106 License #081.0004552 Listed on: 03/28/2017

Last Buyer's Agent

Curtis Trousdale

Preferred Properties Brokerage Phone: 802-862-9106 License #081.0004552 Listed on: 03/28/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,147

Year Built

  • Built in 1920

Lot Details

  • 58 Acre Lot
  • Near Conservation Area
  • Landscaped
  • Lot Sloped Up

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Metal Roof
  • Vinyl Siding

Interior Spaces

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

Flooring

  • Wood
  • Carpet
  • Laminate

Basement

  • Walk-Out Basement
  • Connecting Stairway
  • Dirt Floor

Parking

  • Gravel Driveway
  • On-Site Parking

Outdoor Features

  • Porch

Schools

  • Shelburne Community Elementary And Middle School
  • Champlain Valley Uhsd #15 High School

Farming

  • Farm
  • Agricultural

Utilities

  • Baseboard Heating
  • Heating System Uses Oil
  • Gas Available at Street
  • Private Water Source
  • Well
  • Drilled Well
  • Oil Water Heater
  • Shared Water Heater
  • Septic Tank
  • Leach Field
  • High Speed Internet
  • Phone Available
  • Satellite Dish

Listing and Financial Details

  • Tax Lot 8-1-10

Community Details

Overview

  • 3 Units

Recreation

  • Snow Removal

Building Details

  • 1 Separate Gas Meter
  • Gross Income $60,540
  • Net Operating Income $41,681

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,147

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family, Multi-Level
  • Directions: From Burlington - Take Williston Road to Dorset St. Turn right on Dorset St. Left onto Kennedy Ave. Right onto Route 116. Follow for approximately 4 miles and look for sign on right.
  • Flood Zone: Yes
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 217.11
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 4560
  • Sq Ft - Apx Total Finished: 3420
  • Year Built: 1920
  • Remarks Public: Rare Shelburne Vermont opportunity! This 58 +/-acre farm comes equipped with a 120’ x 90’ horse barn, numerous pastures & fields, endless private trails & a fully rented residential tri-plex. The fully-enclosed barn with a vaulted roof provides protected riding through a typical New England winter. Twelve covered stalls open directly to the riding rink providing ease of access and protection from the mud & weather. In addition to the heated tack room, water has been brought to the barn and hay is stored in an adjacent trailer. Through a barn Co-op the stalls rent at $160 p/m each for a total of $1,920 p/m. Approximately 30 acres of usable pastures and hayfields surround the barn, mostly level and organized for rotational grazing and riding. All grazing areas are enclosed by electric fencing and the fields have been designed to create a natural runway system for your horses from the barn to the pastures. Almost 2 miles of natural riding trails were created around the border the property. Those looking for additional income will enjoy the fully rented 2-story triplex. All three apartments include 2BR/1BA with a total income of $3,125 p/m. For a purchaser looking to add a primary residence there is a potential location on the southern end of the property that can offer privacy & potential views of Shelburne Pond. This would require subdivision and has not been fully investigated by the seller.
  • List Agent: 26047
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Combination, Carpet, Hardwood, Laminate
  • Total Rooms Above Ground: 13
  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Concrete, Concrete Floor, Dirt Floor, No Tenant Access, Stairs - Exterior
  • Sq Ft - Apx Finished AG: 2280
  • Sq Ft - Apx Finished BG: 1140
  • Sq Ft - Apx Unfinished BG: 1140

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Vinyl Siding
  • Foundation: Concrete
  • Road Frontage: Yes
  • Roads: Gravel
  • Roof: Metal
  • Easements: Yes
  • Features Exterior: Porch

Garage/Parking

  • Parking: Driveway, On-Site

Utilities

  • Cable Company: Fairpoint Communications
  • Electric: On-Site
  • Sewer: 1000 Gallon, Leach Field
  • Water: Drilled Well, On-Site Well Exists, Private
  • Water Heater: Included, Oil, Owned, Shared
  • Heating Fuel: Oil
  • Heating: Baseboard
  • Electric Company: Vermont Electric Coop
  • Phone Company: Fairpoint Communications
  • Separate Utilities: Varies
  • Total Electric Meters: 4
  • Total Gas Meters: 1
  • Total Heat Units: 1
  • Total Ranges: 3
  • Total Refrigerators: 3
  • Total Water Heaters: 1
  • Trash: Dumpster
  • Utilities: Dsl, Gas - At Street, Phone, Satellite

Condo/Co-op/Association

  • Association Amenities: Snow Removal, Landscaping

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Chittenden South
  • Elementary School: Shelburne Community School
  • Middle School: Shelburne Community School
  • High School: Champlain Valley UHSD #15
  • Elementary School: Shelburne Community School
  • High School: Champlain Valley UHSD #15

Lot Info

  • Map: 7
  • Lot: 8-1-10
  • Lot Sq Ft: 2526480
  • Current Use: Yes
  • Lot Acres: 58
  • Lot Description: Agricultural, Conserved Land, Country Setting, Farm - Horse/Animal, Field/Pasture
  • Surveyed: Unknown
  • Zoning: Rural, Conservation
  • Deed Book: 326
  • Deed Page: 87
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 60540
  • Net Income: 41681
  • Total Full Baths: 3
  • Total Units: 3
  • Total2 Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 7147.3
  • Tax Year: 2016

MLS Schools

  • School District: Chittenden South
  • School Middle Jr: Shelburne Community School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 16, 2024
Sold by
Chestnut Hill Farm Llc
Bought by
Univ Of Vt & State Agri College
Current Estimated Value
$1,036,000

Purchase Details

Listed on
Mar 28, 2017
Closed on
Jul 7, 2017
Sold by
Auclair Heather
Bought by
Chestnut Hill Farm Llc
Seller's Agent
Curtis Trousdale
Preferred Properties
Buyer's Agent
Curtis Trousdale
Preferred Properties
List Price
$550,000
Sold Price
$495,000
Premium/Discount to List
-$55,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.35%

Purchase Details

Closed on
Jun 23, 2005
Sold by
Auclair Mildred K Trustee
Bought by
Auclair Heather
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
Univ Of Vt & State Agri College $1,197,000 --
Chestnut Hill Farm Llc $495,000 --
Chestnut Hill Farm Llc $495,000 --
Chestnut Hill Farm Llc $495,000 --
Auclair Heather $137,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/07/2017 07/07/17 Sold $495,000 -10.0% $217 / Sq Ft
05/09/2017 05/09/17 Pending -- -- --
03/28/2017 03/28/17 For Sale $550,000 -- $241 / 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 -- $841,700 $574,200 $267,500
2023 -- $841,700 $574,200 $267,500
2022 $18,021 $841,700 $574,200 $267,500
2021 $18,712 $841,700 $574,200 $267,500
2020 $19,904 $841,700 $574,200 $267,500
2019 $17,835 $841,700 $574,200 $267,500
2018 $17,416 $841,700 $574,200 $267,500
2017 $17,605 $841,700 $574,200 $267,500
2016 $16,206 $841,700 $574,200 $267,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4624429

PrimeMLS

APN: (183) 611-4668