NOT LISTED FOR SALE

5224 Shelburne Rd Shelburne, VT 05482

Estimated Value: $543,000 - $1,716,722

8 Beds
7 Baths
7,986 Sq Ft
$141/Sq Ft Est. Value

Last Sold December 31, 2020

Last sale price $1,200,000 $150 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $7,073/month

54 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Garden
  • Shelburne Community School Rated A-
  • Covered Patio or Porch
  • 4-minute walk to Shelburne Town Green

About This Home

As of December 2020

Brilliant location in the heart of Shelburne Village Vermont! Mixed use opportunity with both residential and boutique office space located in updated and historic properties. The perfect investment for an investor and/or owner user. The Tracy House compound is an irreplaceable property encompassing 2 buildings with ample parking in a desirable village location. The main house is an updated 3 story brick Victorian mansion with 4 residential apartments plus office spaces featuring tall ceilings, hardwood floors, wood paneling. The Converted Carriage Barn offers 3 unique and renovated apartments with exposed beams and cathedral ceilings. Everyone will enjoy the beautiful grounds/gardens and more than ample parking all just mere steps to all that historic Shelburne Village has to offer.

Last Agent to Sell the Property

Lipkin Audette Team

Coldwell Banker Hickok and Boardman Listed on: 10/22/2020

Coldwell Banker Hickok and Boardman

Last Buyer's Agent

Doug Boardman

Coldwell Banker Hickok and Boardman License #082.0007281

Coldwell Banker Hickok and Boardman

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,232

Year Built

  • Built in 1878

Lot Details

  • 0.99 Acre Lot
  • Lot Sloped Up
  • Garden

Home Design

  • Brick Exterior Construction
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 7 Full Bathrooms
  • 7,986 Sq Ft Home
  • 3-Story Property
  • Wood Flooring
  • Unfinished Basement
  • Interior Basement Entry

Parking

  • Paved Parking
  • On-Street Parking

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Space Heater
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Water Heater
  • High Speed Internet

Community Details

Overview

  • 15 Units

Building Details

  • 6 Separate Gas Meters
  • Operating Expense $61,732
  • Gross Income $160,200
  • Net Operating Income $98,468

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,232

Year Built

Built in 1878

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Directions: Take Route 7/Shelburne Road into Shelburne Village, property is just north of Mobil Station at corner of Harbor Rd & Shelburne Road.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 150.26
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 9754
  • Sq Ft - Apx Total Finished: 7986
  • Property Type: Multi-Family
  • Year Built: 1878
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Flooring: Hardwood
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Unfinished
  • Sq Ft - Apx Finished AG: 7986
  • Sq Ft - Apx Unfinished BG: 1768

Exterior Features

  • Construction: Masonry, Wood Frame
  • Driveway: Paved
  • Exterior: Brick, Wood
  • Foundation: Stone
  • Road Frontage: TBD
  • Roads: Paved, Public
  • Roof: Shingle
  • Features Exterior: Deck, Garden Space, Porch - Covered

Garage/Parking

  • Parking: On Street, Paved

Utilities

  • Electric: Circuit Breaker(s)
  • Fuel Company: Vermont Gas
  • Sewer: Public
  • Water: Public
  • Water Heater: Owned
  • Heating Fuel: Gas - Natural
  • Heating: Baseboard, Hot Water, Space Heater
  • Electric Company: Green Mountain Power
  • Total Electric Meters: 9
  • Total Gas Meters: 6
  • Total Ranges: 7
  • Total Refrigerators: 7
  • Utilities: High Speed Intrnt -Avail

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 43124
  • Lot Acres: 0.99
  • Lot Description: City Lot, Sidewalks
  • Surveyed: Unknown
  • Zoning: Village
  • Deed Book: 439
  • Deed Page: 742-743
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 160200
  • Net Income: 98468
  • Total Full Baths: 7
  • Total Units: 15
  • Total1 Bedroom Units: 6
  • Total2 Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 21232.17
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 31, 2017
Sold by
Fitzpatrick Timothy C and Senior Derrick W
Bought by
Baltic Properties Llc
Current Estimated Value
$1,129,861
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Baltic Properties Llc $1,050,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2020 12/31/20 Sold $1,200,000 -9.4% $150 / Sq Ft
12/15/2020 12/15/20 Pending -- -- --
12/02/2020 12/02/20 Price Changed $1,325,000 -5.0% $166 / Sq Ft
10/22/2020 10/22/20 For Sale $1,395,000 -- $175 / 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 -- $955,500 $233,500 $722,000
2023 -- $955,500 $233,500 $722,000
2022 $20,457 $955,500 $233,500 $722,000
2021 $21,242 $955,500 $233,500 $722,000
2020 $22,595 $955,500 $233,500 $722,000
2019 $20,246 $955,500 $233,500 $722,000
2018 $19,770 $955,500 $233,500 $722,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4835543

PrimeMLS

APN: (183) 700-5224