NOT LISTED FOR SALE

499 S Prospect St Unit 2 Burlington, VT 05401

Hill Section Neighborhood

Estimated Value: $320,000 - $353,000

2 Beds
1 Bath
912 Sq Ft
$230/mo HOA Fee

Last Sold December 16, 2021

Last sale price $261,000 $286 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $2,395/month

5 Days on Market

Highlights

  • Wood Flooring
  • Bathroom on Main Level
  • Baseboard Heating
  • Storage
  • Hard or Low Nap Flooring
  • 1 Car Garage

About This Home

As of December 2021

If you're looking for an affordable Burlington condo that is near it all, then this 2 bedroom flat in the Hill Section is for you! Nicely updated and move-in ready, it is a stone's throw from UVM, UVMMC, Burlington Country Club, and downtown. Located on the first floor at the front of the building, you can quickly enter and be greeted by a nice open living/dining space, with a separate kitchen which could house a small table or be outfitted with more cabinetry. The full bathroom was previously updated to the nines with marble and beautiful tile work. Wood flooring covers the living spaces, the kitchen has newer vinyl, and the bedrooms have newer carpet. All windows have been recently replaced, a major improvement. The common hallway has newer carpet, and right across the hall are stairs to the basement where assigned laundry and locked storage (6' x 15') are located. Unit comes with a carport space as well as one uncovered, unassigned parking space. Unfortunately no pets allowed, and must be owner occupied (at rental cap: 7 units).

Last Agent to Sell the Property

Theadora Dernavich

Coldwell Banker Hickok and Boardman License #082.0102683 Listed on: 10/28/2021

Coldwell Banker Hickok and Boardman

Last Buyer's Agent

Mike Conroy

License #081.0004452

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,402

Year Built

  • Built in 1964

HOA Fees

  • $230 Monthly HOA Fees

Parking

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

Home Design

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

Interior Spaces

  • 912 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Dining Area
  • Storage

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Basement

  • Interior Basement Entry
  • Laundry in Basement
  • Basement Storage

Home Security

Accessible Home Design

  • Hard or Low Nap Flooring

Schools

  • Burlington High School

Utilities

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

Community Details

Overview

  • Association fees include heat, hot water, landscaping, plowing, sewer, trash, water
  • Pma Association
  • Prospect Condominiums
  • Maintained Community

Recreation

  • Snow Removal

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,402

Year Built

Built in 1964

Lot Details

0

HOA Fees

$230 per month

Parking

1

Listing Details

  • Status Detail: Closed
  • Style: Flat
  • Directions: From Main Street, south on Prospect Street, building on right. Unit is lower right side at front of building.
  • Units per Building: 8
  • Assessment Amount: 207100
  • Assessment Year: 2021
  • Construction: Existing
  • Total Stories: 1
  • Price Per Sq Ft: 286.18
  • Property Class: Residential
  • Property Type: Condo
  • Year Built: 1964
  • List Agent: 6015
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Dryer, Range - Electric, Refrigerator, Washer
  • Equipment: CO Detector, Smoke Detector
  • Features Accessibility: 1st Floor Bedroom, 1st Floor Full Bathroom, Hard Surface Flooring
  • Features Interior: Blinds, Dining Area, Storage - Indoor, Laundry - Basement
  • Total Bedrooms: 2
  • Flooring: Carpet, Tile, Vinyl, Wood
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Storage Space, Interior Access
  • Level 1: Level 1: Bedroom, Level 1: Bath - Full, Level 1: Dining Room, Level 1: Foyer, Level 1: Kitchen, Level 1: Living Room
  • Basement Level Rooms: Level B: Laundry Room
  • Room 1: Foyer, On Level: 1
  • Room 2: Living Room, 16.5' x 12', On Level: 1
  • Room 3: Dining Room, 12' x 10.5', On Level: 1
  • Room 4: Kitchen, 10' x 10', On Level: 1
  • Room 5: 1, 12' x 12'
  • Room 6: Bedroom, 12' x 10', On Level: 1
  • Room 7: Bath - Full, 5.5' x 5', On Level: 1
  • Room 8: Laundry Room, On Level: Basement
  • Sq Ft - Apx Finished AG: 912
  • Sq Ft - Apx Total: 912
  • Sq Ft - Apx Total Finished: 912

Exterior Features

  • Construction: Wood Frame
  • Driveway: Common/Shared, Paved
  • Exterior: Brick
  • Foundation: Slab - Concrete
  • Roads: Paved, Public
  • Roof: Shingle

Garage/Parking

  • Garage Capacity: 1
  • Parking: Deeded, Parking Spaces 2, Covered
  • Garage Type: Carport
  • Garage: Yes
  • Garage Description: Assigned

Utilities

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

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Fee: 230
  • Fee Includes: Heat, Hot Water, Landscaping, Plowing, Sewer, Trash, Water
  • Condo Fees: Yes
  • Condo Name: Prospect Condominiums
  • Management Company: PMA
  • Association Amenities: Building Maintenance, Snow Removal, Trash Removal

Fee Information

  • Tax Class: Homestead

Schools

  • High School: Burlington High School

Lot Info

  • Lot Description: Condo Development
  • Surveyed: Unknown
  • Zoning: RL
  • Deed Book: 1371
  • Deed Page: 101-102
  • Deed Recorded Type: Warranty
  • Unit/Lot Number: 2

Tax Info

  • Tax Gross Amount: 4402
  • Tax Year: 2021

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 Prior Sale
12/16/2021 12/16/21 Sold $261,000 +3.4% $286 / Sq Ft
11/02/2021 11/02/21 Pending -- -- --
10/28/2021 10/28/21 For Sale $252,500 +32.3% $277 / Sq Ft
11/28/2017 11/28/17 Sold $190,800 -3.4% $209 / Sq Ft View Prior Sale
10/18/2017 10/18/17 For Sale $197,500 0.0% $217 / Sq Ft
10/02/2017 10/02/17 Pending -- -- --
07/06/2017 07/06/17 For Sale $197,500 -- $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 $5,006 $207,100 $0 $207,100
2023 $4,376 $207,100 $0 $207,100
2022 $4,375 $207,100 $0 $207,100
2021 $4,402 $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 $4,203 $157,800 $0 $157,800
Source: Public Records

Agents Affiliated with this Home

  • Theadora Dernavich

    Seller's Agent in 2021

    Theadora Dernavich

    Coldwell Banker Hickok and Boardman

    (802) 863-1500

    2 in this area

    103 Total Sales

    Theadora Dernavich
    Section Image

  • M

    Buyer's Agent in 2021

    Mike Conroy

    Section Image
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Map

Source: PrimeMLS

MLS Number: 4888636

PrimeMLS

APN: (035) 054-3-011-010

Vermont Chittenden County Burlington 05401 Hill Section

499 S Prospect St Unit 2, Burlington, VT

Not Listed for Sale

Condos

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