NOT LISTED FOR SALE

502 S Willard St Burlington, VT 05401

Hill Section Neighborhood
11 Beds
10 Baths
4,048 Sq Ft
1.95 Acres

Last Sold October 18, 2019

Last sale price $1,200,000 $296 Per Sq Ft

74 Days on Market

Highlights

  • Lake View
  • Attached Garage
  • Baseboard Heating
  • 1.95 Acre Lot
  • Landscaped
  • Wood Siding

About This Home

As of October 2019

Don’t miss your chance to take advantage of the lucrative Burlington rental market. This 4 building, 8 unit property is filled with potential, whether you’re looking for an owner-occupied rental, to develop, or to add to your investment portfolio. These 8 units provide an opportunity for a wide variety of renters as well as a consistent stream of income for their new owner. This property is located in the desirable hill section of Burlington and offers plenty of unique character which is complimented by its lake views. Situated on nearly 2 acres, this well landscaped compound provides a secluded feel while having the convenience of being in close proximity to colleges and all Burlington has to offer! Owner is a licensed Realtor

Last Agent to Sell the Property

James Metropoulos

Coldwell Banker Hickok and Boardman Listed on: 07/19/2019

Last Buyer's Agent

Brian Steinmetz

Steinmetz License #081.0134288

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1903

Lot Details

  • 1.95 Acre Lot
  • Landscaped
  • Lot Sloped Up

Parking

  • Attached Garage

Home Design

  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Tile Roof
  • Membrane Roofing
  • Wood Siding
  • Stucco

Interior Spaces

  • 2.5-Story Property
  • Lake Views

Unfinished Basement

  • Walk-Out Basement
  • Connecting Stairway
  • Interior Basement Entry
  • Dirt Floor
  • Basement Storage

Schools

  • Edmunds Elementary School
  • Edmunds Middle School
  • Burlington High School

Utilities

  • Baseboard Heating
  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 8 Units
  • Gross Income $120,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Directions: North on Shelburne road veer right onto South Willard Street. Property on the right. Sign on Property.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2.5
  • Price Per Sq Ft: 296.44
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 6992
  • Sq Ft - Apx Total Finished: 4048
  • Year Built: 1903
  • Remarks Public: Don’t miss your chance to take advantage of the lucrative Burlington rental market. This 4 building, 8 unit property is filled with potential, whether you’re looking for an owner-occupied rental, to develop, or to add to your investment portfolio. These 8 units provide an opportunity for a wide variety of renters as well as a consistent stream of income for their new owner. This property is located in the desirable hill section of Burlington and offers plenty of unique character which is complimented by its lake views. Situated on nearly 2 acres, this well landscaped compound provides a secluded feel while having the convenience of being in close proximity to colleges and all Burlington has to offer! Owner is a licensed Realtor
  • List Agent: 280016
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Concrete Floor, Dirt, Stairs - Exterior, Stairs - Interior, Storage Space, Unfinished, Walkout
  • Sq Ft - Apx Finished AG: 4048
  • Sq Ft - Apx Unfinished AG: 1104
  • Sq Ft - Apx Unfinished BG: 1840

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Stucco, Wood
  • Foundation: Brick, Stone
  • Road Frontage: TBD
  • Roads: Paved, Public
  • Roof: Membrane, Tile
  • Easements: Unknown
  • Water Body Type: Lake
  • Water View: Yes

Garage/Parking

  • Garage Type: Attached

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas - Natural
  • Heating Fuel: Gas - Natural
  • Heating: Baseboard, Gas Heater - Vented
  • Separate Utilities: Varies

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Burlington School District
  • Elementary School: Edmunds Elementary School
  • Middle School: Edmunds Middle School
  • High School: Burlington High School
  • Elementary School: Edmunds Elementary School
  • High School: Burlington High School

Lot Info

  • Lot Sq Ft: 84942
  • Lot Acres: 1.95
  • Lot Description: City Lot, Lake View, Landscaped
  • Surveyed: Unknown
  • Zoning: RA
  • Deed Book: 1234
  • Deed Page: 484-485
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 120600
  • Total Units: 8
  • Total1 Bedroom Units: 6
  • Total2 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 30539.28
  • Tax Year: 2019

MLS Schools

  • School District: Burlington School District
  • School Middle Jr: Edmunds Middle School

Range of Values:

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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 Change Sq Ft Price
10/18/2019 10/18/19 Sold $1,200,000 -7.6% $296 / Sq Ft
10/01/2019 10/01/19 Pending -- -- --
09/06/2019 09/06/19 Price Changed $1,299,000 -3.8% $321 / Sq Ft
07/19/2019 07/19/19 For Sale $1,350,000 -- $333 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    James Metropoulos

    Coldwell Banker Hickok and Boardman

  • Brian Steinmetz

    Buyer's Agent in 2019

    Brian Steinmetz

    Steinmetz

    (802) 304-3161

    1 in this area

    31 Total Sales

    Brian Steinmetz
    Section Image
See All Agents

Map

Source: PrimeMLS

MLS Number: 4765917

PrimeMLS

APN: (035) 054-1-114-000

Vermont Chittenden County Burlington 05401 Hill Section

502 S Willard St, Burlington, VT

This home is located at 502 S Willard St, Burlington, VT 05401 since 19 July 2019. This property was built in 1903. 502 S Willard St is a home located in Chittenden County with nearby schools including Edmunds Elementary School, Edmunds Middle School, and Burlington Senior High 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.

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