NOT LISTED FOR SALE

Estimated Value: $688,000 - $768,000

6 Beds
3 Baths
2,990 Sq Ft
$242/Sq Ft Est. Value

Last Sold June 16, 2023

Last sale price $690,000 $231 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,890/month

10 Days on Market

Highlights

  • Space Heater
  • High Speed Internet
  • 3-minute walk to Battery Park

About This Home

As of June 2023

Iconic brick triplex in the heart of downtown Burlington offering bright and spacious apartments with original woodwork including hardwood floors and built-ins. Covered porches for tenants to enjoy some outdoor space. Separate utilities, coin-op laundry in the basement, plus plenty of off-street parking. Tenants love the location near Church Street Marketplace and only two blocks from Battery Park and the Lake Champlain waterfront!

Last Agent to Sell the Property

Lipkin Audette Team

Coldwell Banker Hickok and Boardman Listed on: 04/28/2023

Coldwell Banker Hickok and Boardman

Last Buyer's Agent

Jessica Laffal

Element Real Estate License #082.0082503

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,440

Year Built

  • Built in 1899

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Sloped Up

Parking

  • Gravel Driveway

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Slate Roof

Interior Spaces

  • 3 Full Bathrooms
  • 2,990 Sq Ft Home
  • 2.5-Story Property
  • Unfinished Basement
  • Interior Basement Entry

Utilities

  • Space Heater
  • Heating System Uses Natural Gas
  • Water Heater Leased
  • High Speed Internet

Community Details

Overview

  • 3 Units

Building Details

  • 4 Separate Gas Meters
  • Operating Expense $20,993
  • Gross Income $43,470
  • Net Operating Income $22,477

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,440

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Directions: Off of North Champlain Street, turn onto Monroe, second property on left.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2.5
  • Price Per Sq Ft: 230.77
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 4186
  • Sq Ft - Apx Total Finished: 2990
  • Year Built: 1899
  • List Agent: 282798
  • Unique Disclaimer: The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the PrimeMLS.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Unfinished
  • Sq Ft - Apx Finished AG: 2990
  • Sq Ft - Apx Unfinished BG: 1196

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Brick
  • Foundation: Brick, Stone
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Slate

Utilities

  • Electric: Circuit Breaker(s)
  • Fuel Company: VT Gas
  • Sewer: Public
  • Water: Public
  • Water Heater: Rented
  • Heating Fuel: Gas - Natural
  • Heating: Space Heater
  • Electric Company: Burlington Electric
  • Total Electric Meters: 4
  • Total Gas Meters: 4
  • Utilities: High Speed Intrnt -Avail

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 5227
  • Lot Acres: 0.12
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: RH
  • Deed Book: 1322
  • Deed Page: 406-407
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 43470
  • Net Income: 22477
  • Total Full Baths: 3
  • Total Units: 3
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Year Notes: 2022-2023
  • Tax Gross Amount: 11439.72
  • Tax Year: 2022

MLS Schools

  • School District: Burlington School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2023
Closed on
Jun 16, 2023
Sold by
Mackenzie Property Mgmt Llc
Bought by
48 Monroe Street Llc
Seller's Agent
Lipkin Audette Team
Coldwell Banker Hickok and Boardman
Buyer's Agent
Jessica Laffal
Element Real Estate
List Price
$647,500
Sold Price
$690,000
Premium/Discount to List
$42,500
6.56%
Views
51
Current Estimated Value
$722,181

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,181
Avg. Annual Appreciation
1.86%

Purchase Details

Closed on
Oct 26, 2016
Sold by
Lewis David J
Bought by
Mackenzie Property Mgmt Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
48 Monroe Street Llc $690,000 --
48 Monroe Street Llc $690,000 --
48 Monroe Street Llc $690,000 --
Mackenzie Property Mgmt Llc -- --
Mackenzie Property Mgmt Llc -- --
Mackenzie Property Mgmt Llc -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/16/2023 06/16/23 Sold $690,000 +6.6% $231 / Sq Ft
05/08/2023 05/08/23 Pending -- -- --
04/28/2023 04/28/23 For Sale $647,500 -- $217 / 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 $13,088 $541,500 $113,300 $428,200
2023 $11,442 $541,500 $113,300 $428,200
2022 $11,440 $541,500 $113,300 $428,200
2021 $11,918 $541,500 $113,300 $428,200
2020 $11,113 $361,100 $155,400 $205,700
2019 $10,569 $361,100 $155,400 $205,700
2018 $10,151 $361,100 $155,400 $205,700
2017 $9,618 $361,100 $155,400 $205,700
2016 $9,398 $361,100 $155,400 $205,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4950374

PrimeMLS

APN: (035) 044-2-060-000