NOT LISTED FOR SALE

506 North St Burlington, VT 05401

Hill Section Neighborhood

Estimated Value: $784,000 - $881,822

8 Beds
2 Baths
3,147 Sq Ft
$262/Sq Ft Est. Value

Last Sold October 18, 2018

Last sale price $675,000 $214 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $5,758/month

6 Days on Market

About This Home

As of October 2018

Just blocks from UVM and the hospital, this well-maintained duplex is a great opportunity to boost or jump start your Burlington portfolio. Spacious, sunny apartments with hardwood floors, nice kitchens, and 4 bedrooms, 1 bath each. Tenants enjoy on-site laundry, off-street parking and some yard space. Potential for additional income with storage in basement and 2-car garage. New furnaces just installed this year! Excellent opportunity to invest in Burlington!

Last Agent to Sell the Property

Steve Lipkin

Coldwell Banker Hickok and Boardman License #081.0004569 Listed on: 08/10/2018

Coldwell Banker Hickok and Boardman

Last Buyer's Agent

Charles Burns

BHHS Vermont Realty Group/Burlington

BHHS Vermont Realty Group/Burlington

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,335

Year Built

  • Built in 1935

Lot Details

  • 7,174 Sq Ft Lot
  • Lot Sloped Up

Parking

  • 2 Car Detached Garage
  • Off-Street Parking

Home Design

  • Duplex
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2 Full Bathrooms
  • 3,147 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Interior Basement Entry

Utilities

  • Heating System Uses Natural Gas
  • Water Heater

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Gas Meters
  • Gross Income $72,000
  • Net Operating Income $55,137

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,335

Year Built

Built in 1935

Lot Details

0

Parking

2

Listing Details

  • Status Detail: Closed
  • Style: Duplex, Multi-Family
  • Directions: Top of North Street between Mansfield Avenue and North Prospect Street.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 214.49
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 4476
  • Sq Ft - Apx Total Finished: 3147
  • Year Built: 1935
  • List Agent: 5968
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Unfinished
  • Sq Ft - Apx Finished AG: 3147
  • Sq Ft - Apx Unfinished BG: 1329

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Wood Siding
  • Foundation: Concrete
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle

Garage/Parking

  • Garage Capacity: 2
  • Parking: Garage, Off Street
  • Garage: Yes
  • Garage Type: Detached

Utilities

  • Electric: Circuit Breaker(s)
  • Fuel Company: Vermont Gas
  • Sewer: Public
  • Water: Public
  • Water Heater: Tank
  • Heating Fuel: Gas - Natural
  • Heating: Hot Air
  • Electric Company: Burlington Electric
  • Separate Utilities: Varies
  • Total Electric Meters: 3
  • Total Gas Meters: 2
  • Total Heat Units: 2
  • Total Ranges: 2
  • Total Refrigerators: 2
  • Total Water Heaters: 3

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 7174
  • Lot Acres: 0.1647
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: RL
  • Deed Book: 1129
  • Deed Page: 697-698
  • Deed Recorded Type: Quit Claim

Multi Family

  • Gross Income: 72000
  • Net Income: 55137
  • Total Full Baths: 2
  • Total Units: 2
  • Total3 Plus Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 9335.32
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 14, 2005
Sold by
Margaret B Corbin Estate
Bought by
Warren Todd
Current Estimated Value
$824,206
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
Warren Todd -- --
Warren Todd -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2018 10/18/18 Sold $675,000 0.0% $214 / Sq Ft
08/16/2018 08/16/18 Pending -- -- --
08/10/2018 08/10/18 For Sale $675,000 -- $214 / 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 $17,076 $706,500 $185,900 $520,600
2023 $14,928 $706,500 $185,900 $520,600
2022 $14,926 $706,500 $185,900 $520,600
2021 $15,550 $706,500 $185,400 $521,100
2020 $10,882 $353,600 $143,400 $210,200
2019 $10,350 $353,600 $143,400 $210,200
2018 $9,335 $332,100 $143,400 $188,700
2017 $8,845 $332,100 $143,400 $188,700
2016 $8,643 $332,100 $143,400 $188,700
Source: Public Records

Agents Affiliated with this Home

  • Steve Lipkin

    Seller's Agent in 2018

    Steve Lipkin

    Coldwell Banker Hickok and Boardman

    (802) 846-9520

    Steve Lipkin
    Section Image
  • Charles Burns

    Buyer's Agent in 2018

    Charles Burns

    BHHS Vermont Realty Group/Burlington

    (802) 658-5515

    16 Total Sales

    Charles Burns
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4712162

PrimeMLS

APN: (035) 045-3-106-000

Vermont Chittenden County Burlington 05401 Hill Section

506 North St, Burlington, VT

Not Listed for Sale

MultiFamily

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