NOT LISTED FOR SALE

47 Jericho Rd Richmond, VT 05477

Estimated Value: $601,874

6 Beds
6 Baths
2,625 Sq Ft
$229/Sq Ft Est. Value

Last Sold July 21, 2023

Last sale price $560,000 $213 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,734/month

10 Days on Market

Highlights

  • Wood Flooring
  • Baseboard Heating
  • Walk-Up Access
  • Richmond Elementary School Rated A-

About This Home

As of July 2023

Amazing investment opportunity in the center of Richmond! This well maintained 6 unit apartment building is centrally located in downtown Richmond providing easy access to all that Richmond has to offer, making this property a sought after rental amongst renters. There is A TON of opportunity here with rents being below market (according to the owners) and the large village lot zoned village commercial. Bring rents to market and enjoy the increased revenue or use the building/lot for your own commercial vision!

Last Agent to Sell the Property

Flex Realty Group

Flex Realty Listed on: 05/31/2023

Last Buyer's Agent

Nina Lynn

Coldwell Banker Hickok and Boardman License #082.0007479

Coldwell Banker Hickok and Boardman

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,661

Year Built

  • Built in 1980

Lot Details

  • 0.32

Parking

  • Paved Parking

Home Design

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

Interior Spaces

  • Property has 1 Level
  • Basement
  • Walk-Up Access

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Utilities

  • Baseboard Heating
  • Separate Meters

Additional Features

  • 0.32 Acre Lot
  • City Lot

Community Details

Overview

  • 6 Units

Building Details

  • Gross Income $38,200
  • Net Operating Income $22,501

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,661

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Seasonal: No
  • Property Type: Residential Income
  • Year Built: 1980
  • Architectural Style: Multi-Family
  • ResoLotFeatures: City Lot
  • Road Frontage Type: Public
  • MLS Status: (20) Closed - Closed
  • Above Grade Finished Sq Ft: 2625.0
  • Unit Levels: One
  • ResoPropertyCondition: Existing
  • Flood_Zone: No
  • Foreclosed_Or_Bank_Owned_Or_REO: No
  • Pre_Construction: No
  • SqFt_Apx_Total_Finished: 2625
  • SqFt_Apx_Unfn_Above_Grade: 0
  • SqFt_Apx_Unfn_Below_Grade: 224
  • SqFt_Apx_Total: 2849
  • Basement_Access_Type: Walk-up
  • Separate_Utilities: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Water Heater – Electric, Water Heater – Owned, Water Heater – Tank
  • Total Bedrooms: 6
  • Flooring: Carpet, Hardwood, Laminate, Tile
  • Basement: Concrete Floor, Crawl Space, Dirt Floor, Stairs - Exterior, Unfinished
  • Basement YN: Yes

Exterior Features

  • Driveway: Paved
  • Roof: Metal
  • Construction Type: Wood Frame, Vinyl Exterior
  • Foundation Details: Block

Garage/Parking

  • Attached Garage: No
  • Parking Features: Parking Spaces 6+

Utilities

  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Heating: Baseboard, Electric
  • Cooling: None
  • Utilities: Other
  • Water Source: Public

Lot Info

  • Surveyed: Unknown
  • Zoning: village commercial
  • Lot Size Acres: 0.32
  • Lot Size Sq Ft: 13939.0

Multi Family

  • Gross Income: 38200.0
  • Number Of Units Total: 6
  • Net Operating Income: 22501.0

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 6661.36

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2023
Closed on
Jul 21, 2023
Sold by
Charboneau Susan A and Charboneau Sr. Joseph
Bought by
47 Jericho Road Llc
Seller's Agent
Flex Realty Group
Flex Realty
Buyer's Agent
Nina Lynn
Coldwell Banker Hickok and Boardman
List Price
$575,000
Sold Price
$560,000
Premium/Discount to List
-$15,000
-2.61%
Views
25
Current Estimated Value
$601,874

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,874
Avg. Annual Appreciation
3.25%
Source: Public Records

Range of Values:

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Average Value
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List Price
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
47 Jericho Road Llc $560,000 --
47 Jericho Road Llc $560,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2023 07/21/23 Sold $560,000 -2.6% $213 / Sq Ft
06/10/2023 06/10/23 Pending -- -- --
05/31/2023 05/31/23 For Sale $575,000 -- $219 / 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 $6,662 $447,100 $111,300 $335,800
2023 $6,662 $447,100 $111,300 $335,800
2022 $6,661 $267,000 $66,000 $201,000
2021 $7,024 $267,000 $66,000 $201,000
2020 $6,777 $267,000 $66,000 $201,000
2019 $6,423 $267,000 $66,000 $201,000
2018 $6,256 $267,000 $66,000 $201,000
2017 $6,032 $267,000 $66,000 $201,000
2016 $5,950 $267,000 $66,000 $201,000
Source: Public Records

Agents Affiliated with this Home

  • Flex Realty Group

    Seller's Agent in 2023

    Flex Realty Group

    Flex Realty

    (802) 399-2860

    15 in this area

    1,764 Total Sales

    Flex Realty Group
    Section Image
  • Nina Lynn

    Buyer's Agent in 2023

    Nina Lynn

    Coldwell Banker Hickok and Boardman

    (802) 324-2044

    5 in this area

    161 Total Sales

    Nina Lynn
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4955018

PrimeMLS

APN: (163) JR0047

Vermont Chittenden County Richmond 05477

47 Jericho Rd, Richmond, VT

This home is located at 47 Jericho Rd, Richmond, VT 05477 since 31 May 2023 and is currently estimated at $601,874, approximately $229 per square foot. This property was built in 1980. 47 Jericho Rd is a home located in Chittenden County with nearby schools including Richmond Elementary School, Brewster Pierce School, and Camels Hump Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

PrimeMLS Copyright 2025 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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