NOT LISTED FOR SALE

503 Gage St Unit 5 Bennington, VT 05201

5 Beds
4 Baths
3,672 Sq Ft
0.32 Acres

Last Sold October 22, 2021

Last sale price $272,000 $74 Per Sq Ft

55 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Stream or River on Lot
  • Corner Lot
  • 80 Feet of Waterfront
  • Victorian Architecture
  • 2 Car Detached Garage

About This Home

As of October 2021

Charming Victorian with wrap-around front porch and 2-car garage. Once a single family home, this was smartly divided into 4 units. The main floor "owner's unit" has 2 bedrooms, 1 bathroom, office/laundry room, and large kitchen, dining, and living rooms. Dramatic ceilings, trim, columns & hardwood floors. Basement accessed through this unit or exterior hatch. One boiler and hot water tank for the house (heat/HW included). Black Magic installed lifetime-warranty chimney liner 5 years ago. There are 5 NEW separate electrical panels so tenants pay their own electricity (one is for common areas). Three apartments are rented with great tenants who would love to stay. There is a small first floor 1-bedroom apartment, and two large upstairs 1-bedroom units each with a bonus space for office or storage. Units are clean and easy to show with 48 hours notice. All kitchen appliances will convey to new owner. Exterior siding is wood clapboard, roof is a combination of original slate, architectural shingles, and new rubber membrane over the porches. One block away from the Bennington Rec Center (gym, swimming pool, sauna, tennis and basketball courts), new Head Start facility and Community Garden. Close to two corner stores (Yott's Market, Willy's Variety) and just two blocks from downtown's shops and restaurants. Live in the main unit and collect the rent to cover your mortgage & utilities, or invest in one of the prettiest multi-family homes in Bennington, Vermont. Contact Jenifer Hoffman @ 802-558-5911 for more information and to schedule showings.

Last Agent to Sell the Property

Jenifer Prouty Hoffman

Hoffman Real Estate License #081.0113415 Listed on: 07/08/2021

Last Buyer's Agent

Flex Realty Group

Flex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,417

Year Built

  • Built in 1890

Lot Details

  • 0.32 Acre Lot
  • 80 Feet of Waterfront
  • Landscaped
  • Corner Lot
  • Level Lot

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Victorian Architecture
  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Architectural Shingle Roof
  • Slate Roof
  • Membrane Roofing
  • Wood Siding
  • Clap Board Siding

Interior Spaces

  • 4 Full Bathrooms
  • 3,672 Sq Ft Home
  • 2-Story Property
  • Water Views

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Connecting Stairway
  • Interior and Exterior Basement Entry
  • Dirt Floor
  • Basement Storage

Outdoor Features

  • Deeded Waterfront Access Rights
  • Nearby Water Access
  • Stream or River on Lot

Schools

  • Bennington Elementary School
  • Mt. Anthony Union Middle Sch
  • Mt. Anthony Sr. Uhsd 14 High School

Utilities

  • Radiator
  • Heating System Uses Oil
  • Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • 4 Units
  • Gross Income $2,490

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,417

Year Built

Built in 1890

Lot Details

0

Parking

2

Listing Details

  • Status Detail: Closed
  • Style: Victorian
  • Directions: From downtown Bennington, head north on Route 7N, turn right onto Gage St. Go four blocks east. House will be on right on the corner of Gage & Division St.
  • Flood Zone: Unknown
  • Assessment Amount: 215000
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 74.07
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 5881
  • Sq Ft - Apx Total Finished: 3672
  • Year Built: 1890
  • List Agent: 12936
  • L O1 Homesnapcom: Yes
  • S O1 Homesnapcom: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Concrete Floor, Dirt Floor, Full, Stairs - Interior, Storage Space, Unfinished, Interior Access, Exterior Access
  • Sq Ft - Apx Finished AG: 3672
  • Sq Ft - Apx Unfinished BG: 2209

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Clapboard, Wood
  • Foundation: Brick, Stone
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Membrane, Shingle - Architectural, Slate
  • Water Body Type: Stream
  • Water Frontage Length: 80
  • Water Access Details: Directly Adjoining
  • Water Body Name 2: Unnamed
  • Waterfront: Yes
  • Waterfront Rights: Exclusively Owned
  • Water View: Yes
  • Water Body Access 2: Yes

Garage/Parking

  • Garage Capacity: 2
  • Parking: Driveway
  • Garage: Yes
  • Garage Type: Detached

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Off Boiler, Tank
  • Heating Fuel: Oil
  • Heating: Radiator
  • Total Electric Meters: 5
  • Total Heat Units: 1
  • Total Ranges: 4
  • Total Refrigerators: 4
  • Total Water Heaters: 1
  • Utilities: Cable - Available, High Speed Intrnt -Avail, Internet - Cable

Fee Information

  • Tax Class: Non-Homestead

Schools

  • Elementary School: Bennington Elementary School
  • High School: Mt. Anthony Sr. UHSD 14

Lot Info

  • Lot Sq Ft: 13939
  • Lot Acres: 0.32
  • Lot Description: Corner, Curbing, Landscaped, Level, Sidewalks, Stream, Street Lights, Waterfront
  • Surveyed: Unknown
  • Zoning: VR
  • Deed Book: 505
  • Deed Page: 132
  • Deed Recorded Type: Quit Claim

Multi Family

  • Gross Income: 2490
  • Total Full Baths: 4
  • Total Units: 4
  • Total1 Bedroom Units: 3
  • Total2 Bedroom Units: 1

Tax Info

  • Tax Year Notes: 2020-2021
  • Tax Gross Amount: 6416.9
  • Tax Year: 2020

MLS Schools

  • School District: Southwest Vermont
  • School Middle Jr: Mt. Anthony Union Middle Sch

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
10/22/2021 10/22/21 Sold $272,000 -2.5% $74 / Sq Ft
09/01/2021 09/01/21 Pending -- -- --
07/18/2021 07/18/21 For Sale $279,000 0.0% $76 / Sq Ft
07/14/2021 07/14/21 Pending -- -- --
07/08/2021 07/08/21 For Sale $279,000 -- $76 / 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 $7,564 $215,000 $25,800 $189,200
2023 $7,043 $215,000 $25,800 $189,200
2022 $5,478 $215,000 $25,800 $189,200
2021 $3,513 $215,000 $25,800 $189,200
2020 $5,367 $215,000 $25,800 $189,200
2019 $5,162 $215,000 $25,800 $189,200
2018 $5,069 $215,000 $25,800 $189,200
2017 $5,983 $215,000 $25,800 $189,200
2016 $4,936 $215,000 $25,800 $189,200
2015 -- $2,150 $0 $0
2014 -- $2,150 $0 $0
2013 -- $2,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4871034

PrimeMLS

APN: (015)51-53-01-00