NOT LISTED FOR SALE

467 Vermont 12 Northfield, VT 05663

11 Beds
8 Baths
6,198 Sq Ft
2 Acres

Last Sold April 04, 2022

Last sale price $312,500 $50 Per Sq Ft

209 Days on Market

Highlights

  • 2 Acre Lot
  • Victorian Architecture
  • High Speed Internet
  • Wood Flooring
  • Hot Water Heating System
  • Level Lot

About This Home

As of April 2022

A license to print MONEY? Here it is! A 7 unit multi-family property with excellent rental history, this gorgeous Victorian has been well maintained by the same family owners for 56 years. Next door to the local landmark, Rustic Restaurant and Bar, (Please see MLS # 4868731), the owner’s intent is to sell both properties together. The listed price is for both properties conveying as a package. Priced to sell, this is an outstanding opportunity to pick up TWO operating; income-producing properties with great exposure right on busy Route 12 just two miles from Norwich University, 10 miles from the state capital and 15 miles to the only known floating bridge in North American. Deals like this do not come around often. Profit in the pocket!

Last Agent to Sell the Property

Brian Armstrong

KW Vermont License #081.0004255 Listed on: 06/23/2021

KW Vermont

Last Buyer's Agent

Brian Armstrong

KW Vermont License #081.0004255 Listed on: 06/23/2021

KW Vermont

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1882

Lot Details

  • 2 Acre Lot
  • Level Lot

Home Design

  • Victorian Architecture
  • Stone Foundation
  • Wood Frame Construction
  • Membrane Roofing
  • Clap Board Siding

Interior Spaces

  • 8 Full Bathrooms
  • 6,198 Sq Ft Home
  • 3-Story Property
  • Interior Basement Entry

Flooring

  • Wood
  • Carpet
  • Vinyl

Parking

  • 6 Car Parking Spaces
  • Gravel Driveway

Schools

  • Northfield Elementary School
  • Northfield Middle High School
  • Northfield High School

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas
  • Separate Meters
  • 60 Amp Service
  • Liquid Propane Gas Water Heater
  • Septic Tank
  • Leach Field
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

Overview

  • 7 Units

Building Details

  • Operating Expense $22,332
  • Gross Income $42,296
  • Net Operating Income $19,964

Property Details

Home Type

Multi-Family

Year Built

Built in 1882

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Victorian
  • Directions: From exit 5 I89 take VT-64w for 2.7 miles. Take right onto VT 12N for 3.7 miles. The property will be on the left. From Montpelier take VT 12S for 8.1 miles. The property will be on the right.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 50.42
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 8744
  • Sq Ft - Apx Total Finished: 6198
  • Year Built: 1882
  • Remarks Public: A license to print MONEY? Here it is! A 7 unit multi-family property with excellent rental history, this gorgeous Victorian has been well maintained by the same family owners for 56 years. Next door to the local landmark, Rustic Restaurant and Bar, (Please see MLS # 4868731), the owner’s intent is to sell both properties together. The listed price is for both properties conveying as a package. Priced to sell, this is an outstanding opportunity to pick up TWO operating; income-producing properties with great exposure right on busy Route 12 just two miles from Norwich University, 10 miles from the state capital and 15 miles to the only known floating bridge in North American. Deals like this do not come around often. Profit in the pocket!
  • List Agent: 3481
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Flooring: Carpet, Hardwood, Vinyl
  • Basement: Yes
  • Basement Access Type: Interior
  • Sq Ft - Apx Finished AG: 6198
  • Sq Ft - Apx Unfinished BG: 2546

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Clapboard
  • Foundation: Stone
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Membrane

Garage/Parking

  • Parking: Parking Spaces 6+

Utilities

  • Electric: 60 Amp
  • Fuel Company: Gillespie
  • Sewer: Leach Field - Existing, Septic
  • Water: Public
  • Water Heater: Gas - LP/Bottle
  • Heating Fuel: Gas - LP/Bottle
  • Heating: Hot Water
  • Electric Company: Northfield Utility
  • Separate Utilities: Yes
  • Trash: Dumpster
  • Utilities: Cable - Available, Gas - Lp/Bottle, High Speed Intrnt -Avail, Internet - Cable, Telephone Available

Condo/Co-op/Association

  • Management Company: Self Managed

Fee Information

  • Tax Class: Non-Homestead

Schools

  • Elementary School: Northfield Elementary School
  • Middle School: Northfield Middle High School
  • High School: Northfield High School
  • Elementary School: Northfield Elementary School
  • High School: Northfield High School

Lot Info

  • Lot Sq Ft: 87120
  • Lot Acres: 2
  • Lot Description: Level
  • Surveyed: Yes
  • Surveyed By: Rudolph Townsent
  • Zoning: Mixed - Use
  • Deed Book: 56
  • Deed Page: 268
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 42296
  • Net Income: 19963.93
  • Total Full Baths: 8
  • Total Units: 7
  • Total1 Bedroom Units: 4
  • Total2 Bedroom Units: 2
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 8255.59
  • Tax Year: 2019

MLS Schools

  • School Middle Jr: Northfield Middle High School

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 List to Sale Price per Sq Ft
04/04/2022 04/04/22 Sold $312,500 -51.0% $50 / Sq Ft
01/18/2022 01/18/22 Pending -- -- --
06/23/2021 06/23/21 For Sale $638,000 -- $103 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Brian Armstrong

    KW Vermont

    (802) 598-3190

    4 in this area

    246 Total Sales

    Brian Armstrong
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4868703

PrimeMLS
Vermont Washington County Northfield 05663

467 Vermont 12, Northfield, VT

This home is located at 467 Vermont 12, Northfield, VT 05663 since 23 June 2021. This property was built in 1882. 467 Vermont 12 is a home located in Washington County with nearby schools including Northfield Elementary School and Northfield Middle/High School.

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