NOT LISTED FOR SALE

5281 Main St Franklin, VT 05457

Estimated Value: $253,093

5 Beds
3 Baths
3,172 Sq Ft
$80/Sq Ft Est. Value

Last Sold November 14, 2023

Last sale price $235,000 $74 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $1,767/month

22 Days on Market

Highlights

  • Wood Flooring
  • 1 Car Attached Garage
  • Level Lot
  • Covered Patio or Porch
  • Baseboard Heating

About This Home

As of November 2023

Introducing 5281 Main Street, Franklin, VT 05457 – an exceptional opportunity. This 3-unit multi-family presents a smart investment or owner-occupy option. Two cozy 1-bed, 1-bath units grace the first floor, offering ideal living spaces. Ascend to the second floor, where a spacious 3-bed, 1-bath unit awaits, boasting an expansive open floor plan, updated kitchen, hardwood floors, and captivating exposed beams. Beyond the walls, the property unveils a generously sized backyard. Commuters to St. Albans, VT will relish the mere 25-minute drive. Positioned as an affordable gateway to real estate investment, this property assures cash flow and potential portfolio growth. Utility dynamics blend – some paid by tenants, others by the owner, reflecting balance and sustainability. The owner maintains an assumable mortgage (buyer must qualify), at a very low interest rate - rare find! Seize this chance to invest, reside, and prosper. Act quickly and schedule your showing today. This property won't last! Delayed showings start 08/14.

Last Agent to Sell the Property

Flex Realty Group

Flex Realty Listed on: 08/09/2023

Last Buyer's Agent

Katie Brassil

RE/MAX North Professionals

RE/MAX North Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,420

Year Built

  • Built in 1900

Lot Details

  • 0.5 Acre Lot
  • Level Lot

Parking

  • 1 Car Attached Garage

Home Design

  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 3 Full Bathrooms
  • 3,172 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Dirt Floor

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Baseboard Heating
  • Heating System Uses Oil
  • Electric Water Heater
  • Septic Tank
  • Private Sewer
  • Leach Field
  • Cable TV Available

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,420

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Directions: Route 105 East to Route 120, take left and go to the center of Franklin Village. Property is awhite building on the left, just down from the General Store.
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 74.09
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 4758
  • Sq Ft - Apx Total Finished: 3172
  • Year Built: 1900
  • List Agent: 282458
  • 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, Hardwood, Laminate, Vinyl
  • Total Rooms Above Ground: 15
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Dirt Floor, Full, Unfinished
  • Sq Ft - Apx Finished AG: 3172
  • Sq Ft - Apx Unfinished BG: 1586

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Aluminum, Vinyl
  • Foundation: Concrete, Stone
  • Road Frontage: TBD
  • Roads: Paved, Public
  • Roof: Metal, Standing Seam
  • Features Exterior: Porch - Covered

Garage/Parking

  • Garage Capacity: 1
  • Parking: On-Site, Parking Spaces 4, Paved
  • Garage: Yes
  • Garage Type: Attached

Utilities

  • Electric: Circuit Breaker(s)
  • Fuel Company: Blouin Brothers Oil
  • Sewer: 1000 Gallon, Concrete, Leach Field, Private, Septic
  • Water: Public
  • Water Heater: Electric
  • Heating Fuel: Oil
  • Heating: Baseboard
  • Electric Company: Vermont Electric Co-op
  • Total Electric Meters: 3
  • Total Ranges: 3
  • Total Refrigerators: 3
  • Total Water Heaters: 3
  • Utilities: Cable

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 21780
  • Lot Acres: 0.5
  • Lot Description: Level
  • Surveyed: Unknown
  • Zoning: res
  • Deed Book: 90
  • Deed Page: 522
  • Deed Recorded Type: Warranty

Multi Family

  • Total Full Baths: 3
  • Total Units: 3
  • Total1 Bedroom Units: 2
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 4420.13
  • Tax Year: 2022

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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Sold Price
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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 Prior Sale
11/14/2023 11/14/23 Sold $235,000 -6.0% $74 / Sq Ft
08/31/2023 08/31/23 Pending -- -- --
08/09/2023 08/09/23 For Sale $250,000 +28.2% $79 / Sq Ft
08/30/2021 08/30/21 Sold $195,000 -1.5% $61 / Sq Ft View Prior Sale
05/11/2021 05/11/21 Pending -- -- --
01/05/2021 01/05/21 For Sale $198,000 -- $62 / 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 $5,263 $222,800 $27,500 $195,300
2023 $4,784 $222,800 $27,500 $195,300
2022 $4,420 $222,800 $27,500 $195,300
2021 $4,523 $222,800 $27,500 $195,300
2020 $4,610 $222,800 $27,500 $195,300
2019 $4,385 $222,800 $27,500 $195,300
2018 $4,308 $222,800 $27,500 $195,300
2017 $4,236 $222,800 $27,500 $195,300
2016 $3,978 $222,800 $27,500 $195,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4964766

PrimeMLS

APN: 234-075-10316