NOT LISTED FOR SALE

50 1st St Swanton, VT 05488

Estimated Value: $490,134

7 Beds
3 Baths
3,821 Sq Ft
$128/Sq Ft Est. Value

Last Sold August 17, 2023

Last sale price $452,500 $118 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,244/month

389 Days on Market

Highlights

  • Colonial Architecture
  • 3 Car Attached Garage
  • Baseboard Heating
  • Corner Lot
  • Tile Flooring
  • High Speed Internet

About This Home

As of August 2023

Great opportunity for an investment or an owner occupied building. This property is currently owner occupied with all tenants as extended family. Buildings in this condition don't come up often and are definitely not the norm in the multifamily world. This property gives multiple options for an owner occupied or investment with a 2 br 3 br or 4 br owner occupied option. This property is currently set up as 3 apartments but could be combined back as 2 for a larger 4 br unit. Currently each unit has a garage but an owner could take an extra garage space back or reconfigure. This home has had to many upgrades to list and was transformed to what it is by a builder/owner. All utilities are separate and benefit from the affordability of natural gas and Swanton Electric. The property is located in a commercial or residential district so with town approval an in-home business could also be an option. Tenants are all month to month so make this place work for your vision.

Last Agent to Sell the Property

Shawn Cheney

EXP Realty Brokerage Phone: 802-782-0400 License #081.0133978 Listed on: 04/15/2022

EXP Realty

Last Buyer's Agent

Ziressa Hibbard

Your Journey Real Estate

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $6,669

Year Built

  • Built in 1870

Lot Details

  • 0.25 Acre Lot
  • Corner Lot
  • Lot Sloped Up

Parking

  • 3 Car Attached Garage
  • Gravel Driveway

Home Design

  • Colonial Architecture
  • Wood Frame Construction
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 3 Full Bathrooms
  • 2-Story Property
  • Unfinished Basement
  • Interior Basement Entry

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Additional Homes

  • Accessory Dwelling Unit (ADU)

Schools

  • Swanton Elementary School
  • Missisquoi Valley Union JSHS Middle School
  • Missisquoi Valley Uhsd #7 High School

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Separate Meters
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • 3 Units

Property Details

Home Type

Apartment

Est. Annual Taxes

$6,669

Year Built

Built in 1870

Lot Details

0

Parking

3

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building, Colonial, W/Addition
  • Directions: From I-89 Exit 21N Swanton turn left off the exit. Take Rt 78/First Street go about 3/4 of a mile see the sign of the left.
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 118.42
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 5202
  • Sq Ft - Apx Total Finished: 3821
  • Year Built: 1870
  • Remarks Public: Great opportunity for an investment or an owner occupied building. This property is currently owner occupied with all tenants as extended family. Buildings in this condition don't come up often and are definitely not the norm in the multifamily world. This property gives multiple options for an owner occupied or investment with a 2 br 3 br or 4 br owner occupied option. This property is currently set up as 3 apartments but could be combined back as 2 for a larger 4 br unit. Currently each unit has a garage but an owner could take an extra garage space back or reconfigure. This home has had to many upgrades to list and was transformed to what it is by a builder/owner. All utilities are separate and benefit from the affordability of natural gas and Swanton Electric. The property is located in a commercial or residential district so with town approval an in-home business could also be an option. Tenants are all month to month so make this place work for your vision.
  • List Agent: 3669
  • 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: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Laminate, Tile, Vinyl
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Bulkhead, Unfinished, Interior Access
  • Sq Ft - Apx Finished AG: 3821
  • Sq Ft - Apx Unfinished BG: 1381

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel, Paved
  • Exterior: Vinyl Siding
  • Foundation: Fieldstone
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Metal

Garage/Parking

  • Garage Capacity: 3
  • Garage: Yes
  • Garage Type: Attached

Utilities

  • Cable Company: Comcast/Xfinity
  • Electric: Circuit Breaker(s)
  • Fuel Company: Vermont Gas
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric, Gas - Natural, On Demand
  • Heating Fuel: Gas - Natural
  • Heating: Baseboard, Direct Vent
  • Electric Company: Swanton Electric
  • Phone Company: Consolidated Comm.
  • Separate Utilities: Yes
  • Utilities: Cable, Internet - Cable

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Franklin Northwest
  • Elementary School: Swanton School
  • Middle School: Missisquoi Valley Union Jshs
  • High School: Missisquoi Valley UHSD #7
  • Elementary School: Swanton School
  • High School: Missisquoi Valley UHSD #7

Lot Info

  • Lot Sq Ft: 10890
  • Lot Acres: 0.25
  • Lot Description: City Lot, Corner, Sidewalks
  • Surveyed: Yes
  • Zoning: Residential
  • Deed Book: 295
  • Deed Page: 226-227
  • Deed Recorded Type: Quit Claim

Multi Family

  • Total Full Baths: 3
  • Total Units: 3
  • Total2 Bedroom Units: 2
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 6669.19
  • Tax Year: 2021

MLS Schools

  • School District: Franklin Northwest
  • School Middle Jr: Missisquoi Valley Union Jshs

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2022
Closed on
Aug 17, 2023
Sold by
Gagne Rene D
Bought by
Eej Llc
Seller's Agent
Shawn Cheney
EXP Realty
Buyer's Agent
Ziressa Hibbard
Your Journey Real Estate
List Price
$499,000
Sold Price
$452,500
Premium/Discount to List
-$46,500
-9.32%
Views
305
Current Estimated Value
$490,134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,634
Avg. Annual Appreciation
2.26%

Purchase Details

Closed on
Apr 13, 2012
Sold by
Gagne Suzette
Bought by
Gagne Rene
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
Eej Llc $452,500 --
Eej Llc $452,500 --
Eej Llc $452,500 --
Gagne Rene -- --
Gagne Rene -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2023 08/17/23 Sold $452,500 -9.3% $118 / Sq Ft
05/10/2023 05/10/23 For Sale $499,000 +10.3% $131 / Sq Ft
05/09/2023 05/09/23 Off Market $452,500 -- --
05/09/2023 05/09/23 Pending -- -- --
04/05/2023 04/05/23 Price Changed $499,000 -9.3% $131 / Sq Ft
04/15/2022 04/15/22 For Sale $550,000 -- $144 / 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 $6,878 $294,300 $35,000 $259,300
2023 $5,101 $253,900 $35,000 $218,900
2022 $3,973 $253,900 $35,000 $218,900
2021 $4,434 $253,900 $35,000 $218,900
2020 $4,266 $253,900 $35,000 $218,900
2019 $3,945 $253,900 $35,000 $218,900
2018 $3,960 $253,900 $35,000 $218,900
2017 $3,913 $253,900 $35,000 $218,900
2016 $3,774 $253,900 $35,000 $218,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4905285

PrimeMLS

APN: 639-201-10818