NOT LISTED FOR SALE

487 S Prospect St Unit 2 Burlington, VT 05401

Hill Section Neighborhood

Estimated Value: $338,572 - $375,000

2 Beds
1 Bath
912 Sq Ft
$260/mo HOA Fee

Last Sold October 13, 2023

Last sale price $325,000 $356 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,572/month

106 Days on Market

Highlights

  • End Unit
  • Hard or Low Nap Flooring
  • Vinyl Plank Flooring
  • Bathroom on Main Level
  • Landscaped
  • Walk-in Shower

About This Home

As of October 2023

Welcome to this beautifully renovated condo in Burlington's desirable Hill Section! This highly sought-after location offers easy access to the vibrant Redstone Green, downtown, University of Vermont, Burlington Country Club, and UVM Medical Center. Boasting extensive renovations, this condo has been fully updated for turn-key use. The unit features covered parking, an oversized storage cage to accommodate all your belongings, and common open space in the backyard for outdoor enjoyment. Don't miss this opportunity to own a piece of Burlington's most desirable neighborhood and enjoy the ultimate urban lifestyle. No pets. No rentals allowed.

Last Agent to Sell the Property

Brian M. Boardman

Coldwell Banker Hickok and Boardman License #082.0005494 Listed on: 06/02/2023

Coldwell Banker Hickok and Boardman

Last Buyer's Agent

David Parsons

RE/MAX North Professionals - Burlington

RE/MAX North Professionals - Burlington

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,559

Year Built

  • Built in 1964

Lot Details

  • End Unit
  • Landscaped

HOA Fees

  • $260 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Carport
  • Shared Driveway
  • Visitor Parking
  • Assigned Parking

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 912 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Dining Area
  • Vinyl Plank Flooring

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 1 Bathroom
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Connecting Stairway
  • Interior Basement Entry
  • Sump Pump
  • Laundry in Basement
  • Basement Storage

Home Security

Accessible Home Design

  • Hard or Low Nap Flooring

Schools

  • Assigned Elementary And Middle School
  • Burlington High School

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Phone Available
  • Cable TV Available

Community Details

Overview

  • Master Insurance
  • Park Place Management Association, Phone Number (802) 864-8527
  • Prospect Condominiums
  • Maintained Community

Amenities

  • Common Area
  • Community Storage Space

Recreation

  • Snow Removal

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,559

Year Built

Built in 1964

Lot Details

0

HOA Fees

$260 per month

Parking

1

Listing Details

  • Status Detail: Closed
  • Style: End Unit, Flat
  • Directions: On west side of South Prospect Street, just north of Burlington Country Club entrance, building #487. First floor Unit 2 at northeast corner. Visitor parking next to carport.
  • Units per Building: 8
  • Construction: Existing
  • Total Stories: 1
  • Price Per Sq Ft: 356.36
  • Property Class: Residential
  • Property Type: Condo
  • Year Built: 1964
  • List Agent: 6067
  • Unique Disclaimer: The listing broker's offer of compensation is made only to other real estate licensees who are participant members of PrimeMLS.
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range - Electric, Refrigerator, Washer
  • Equipment: CO Detector, Smoke Detectr-Hard Wired
  • Features Accessibility: 1st Floor 3/4 Bathroom, 1st Floor Bedroom, 1st Floor Hrd Surfce Flr, Bathroom w/Step-in Shower, One-Level Home, Paved Parking
  • Features Interior: Blinds, Dining Area, Laundry - Basement
  • Total Bedrooms: 2
  • Flooring: Vinyl Plank
  • Total Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Stairs - Interior, Storage - Locked, Sump Pump, Unfinished
  • Level 1: Level 1: Bedroom, Level 1: Dining Room, Level 1: Kitchen, Level 1: Living Room
  • Room 1: Kitchen, 10' x 8', On Level: 1
  • Room 2: Dining Room, 9'6" x 9', On Level: 1
  • Room 3: Living Room, 16' x 12', On Level: 1
  • Room 4: Bedroom, 12' x 12'6", On Level: 1
  • Room 5: 1, 13'2" x 10'
  • Sq Ft - Apx Finished AG: 912
  • Sq Ft - Apx Total: 912
  • Sq Ft - Apx Total Finished: 912

Exterior Features

  • Building Number: 487
  • Construction: Wood Frame
  • Driveway: Common/Shared, Paved
  • Exterior: Brick
  • Foundation: Block
  • Roads: Paved, Public
  • Roof: Shingle - Other

Garage/Parking

  • Garage Capacity: 1
  • Parking: Assigned, Visitor, Covered
  • Garage Type: Carport
  • Garage: Yes
  • Garage Description: Assigned

Utilities

  • Electric: Circuit Breaker(s)
  • Fuel Company: Vermont Gas
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas - Natural, Tank
  • Heating Fuel: Gas - Natural
  • Heating: Baseboard
  • Electric Company: Burlington Electric
  • Utilities: Cable - Available, Telephone Available

Condo/Co-op/Association

  • Restrictions: Pets - None
  • HOA Fee Frequency: Monthly
  • Fee: 260
  • Mgmt Co Phone: 802-864-8527
  • Condo Fees: Yes
  • Condo Name: Prospect Condominiums
  • Management Company: Park Place Management
  • Association Amenities: Building Maintenance, Management Plan, Master Insurance, Storage - Indoor, Landscaping, Common Acreage, Snow Removal, Trash Removal

Fee Information

  • Tax Class: Homestead

Schools

  • Elementary School: Assigned
  • High School: Burlington High School

Lot Info

  • Lot Description: Condo Development
  • Owned Land: Shared
  • Surveyed: Unknown
  • Zoning: RL
  • Deed Book: 1602
  • Deed Page: 301-302
  • Unit/Lot Number: 2

Tax Info

  • Tax Year Notes: 2023-2024
  • Tax Gross Amount: 4558.88
  • Tax Year: 2023

MLS Schools

  • School District: Burlington School District
  • School Middle Jr: Assigned

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2023
Closed on
Oct 13, 2023
Sold by
Sylvester Harlan
Bought by
Gek Properties Llc
Seller's Agent
Brian M. Boardman
Coldwell Banker Hickok and Boardman
Buyer's Agent
David Parsons
RE/MAX North Professionals - Burlington
List Price
$350,000
Sold Price
$325,000
Premium/Discount to List
-$25,000
-7.14%
Views
1118
Current Estimated Value
$352,143

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,143
Avg. Annual Appreciation
3.80%

Purchase Details

Closed on
Jun 9, 2021
Sold by
Estate Of James E Little
Bought by
Sylvester Harlan P
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
Gek Properties Llc $325,000 --
Gek Properties Llc $325,000 --
Sylvester Harlan P $202,500 --
Sylvester Harlan P $202,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/13/2023 10/13/23 Sold $325,000 -7.1% $356 / Sq Ft
09/16/2023 09/16/23 Pending -- -- --
06/02/2023 06/02/23 For Sale $350,000 -- $384 / 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 $5,578 $207,100 $0 $207,100
2023 $4,376 $207,100 $0 $207,100
2022 $4,375 $207,100 $0 $207,100
2021 $4,558 $207,100 $0 $207,100
2020 $4,667 $157,800 $0 $157,800
2019 $4,436 $157,800 $0 $157,800
2018 $4,236 $157,800 $0 $157,800
2017 $4,089 $157,800 $0 $157,800
2016 $3,961 $157,800 $0 $157,800
Source: Public Records

Agents Affiliated with this Home

  • Brian M. Boardman

    Seller's Agent in 2023

    Brian M. Boardman

    Coldwell Banker Hickok and Boardman

    (802) 846-9510

    28 in this area

    344 Total Sales

    Brian M. Boardman
    Section Image
  • David Parsons

    Buyer's Agent in 2023

    David Parsons

    RE/MAX

    (802) 922-8768

    9 in this area

    288 Total Sales

    David Parsons
    Section Image
See All Agents

Map

Source: PrimeMLS

MLS Number: 4955463

PrimeMLS

APN: (035) 054-3-011-002

Vermont Chittenden County Burlington 05401 Hill Section

487 S Prospect St Unit 2, Burlington, VT

Not Listed for Sale

Condos

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