NOT LISTED FOR SALE

545 S Prospect St Unit 17 Burlington, VT 05401

Hill Section Neighborhood

Estimated Value: $586,000 - $872,000

2 Beds
2 Baths
1,622 Sq Ft
$668/mo HOA Fee

Last Sold December 12, 2022

Last sale price $890,000 $549 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $6,145/month

5 Days on Market

Highlights

  • Water Views
  • Deck
  • Community Pool
  • Resort Property
  • Marble Flooring
  • Tennis Courts

About This Home

As of December 2022

This is a beautifully updated first floor flat at the desirable Overlake Condominiums! All the upgrades and renovations done by these owners were with Peregrine Design Build. The extensive list of upgrades over the years include an enlarged kitchen, bathrooms, hardwood and tile floors, custom built-ins, interior doors, extensive trim and crown molding, new lighting, electric awning, and numerous new Marvin windows. An informal, open floor plan offers flexibility and the kitchen has a small area than could be used as an office, TV area, or breakfast nook. The newer Ipe wood deck overlooks the green space and faces west with views of the lake and Adirondacks. The front courtyard and garden was designed by Church Hill Landscapes and offers a sitting area. The lovely primary suite with full bath features marble floors and countertops. An expansive basement (1,650 sf) offers tons of storage. Access to the detached garage is inside the courtyard. The Overlake condominiums have 7 acres of common land with an association pool and tennis courts - all within minutes of the UVM Medical Center, downtown Burlington, and I-89.

Last Agent to Sell the Property

Brian M. Boardman

Coldwell Banker Hickok and Boardman License #082.0005494 Listed on: 11/02/2022

Coldwell Banker Hickok and Boardman

Last Buyer's Agent

Joan Shannon

Coldwell Banker Hickok and Boardman License #082.0047353

Coldwell Banker Hickok and Boardman

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,625

Year Built

  • Built in 1982

Lot Details

  • Property is Fully Fenced
  • Landscaped

HOA Fees

  • $668 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Automatic Garage Door Opener
  • Shared Driveway
  • Visitor Parking

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Clap Board Siding

Interior Spaces

  • 1-Story Property
  • Gas Fireplace
  • Water Views

Kitchen

  • Oven
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • Cedar Closet
  • Bathroom on Main Level
  • Bathtub
  • Walk-in Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Connecting Stairway
  • Interior Basement Entry
  • Basement Storage

Home Security

Outdoor Features

  • Deck
  • Covered Patio or Porch

Schools

  • Assigned Elementary And Middle School
  • Burlington High School

Utilities

  • Zoned Heating
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • 200+ Amp Service
  • Natural Gas Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Hard or Low Nap Flooring
  • Energy-Efficient HVAC

Community Details

Overview

  • Association fees include condo fee, landscaping, plowing, recreation, sewer, trash, water
  • Master Insurance
  • Resort Property
  • Appletree Bay Association, Phone Number (802) 863-6940
  • Overlake Condominiums
  • Overlake Condos Subdivision
  • Maintained Community

Recreation

  • Tennis Courts
  • Community Pool
  • Trails
  • Snow Removal

Pet Policy

  • Dogs and Cats Allowed

Additional Features

  • Common Area
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,625

Year Built

Built in 1982

Lot Details

0

HOA Fees

$668 per month

Parking

1

Listing Details

  • Status Detail: Closed
  • Style: Flat
  • Development Subdivision: Overlake Condos
  • Directions: Across from Burlington Country Club on South Prospect Street. Turn left inside entrance, Building II.
  • Units per Building: 12
  • Construction: Existing
  • Resort: Yes
  • Total Stories: 1
  • Price Per Sq Ft: 548.71
  • Property Class: Residential
  • Property Type: Condo
  • Year Built: 1982
  • Remarks Public: This is a beautifully updated first floor flat at the desirable Overlake Condominiums! All the upgrades and renovations done by these owners were with Peregrine Design Build. The extensive list of upgrades over the years include an enlarged kitchen, bathrooms, hardwood and tile floors, custom built-ins, interior doors, extensive trim and crown molding, new lighting, electric awning, and numerous new Marvin windows. An informal, open floor plan offers flexibility and the kitchen has a small area than could be used as an office, TV area, or breakfast nook. The newer Ipe wood deck overlooks the green space and faces west with views of the lake and Adirondacks. The front courtyard and garden was designed by Church Hill Landscapes and offers a sitting area. The lovely primary suite with full bath features marble floors and countertops. An expansive basement (1,650 sf) offers tons of storage. Access to the detached garage is inside the courtyard. The Overlake condominiums have 7 acres of common land with an association pool and tennis courts - all within minutes of the UVM Medical Center, downtown Burlington, and I-89.
  • List Agent: 6067
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Hood, Microwave, Oven - Wall, Refrigerator, Washer
  • Equipment: Smoke Detector
  • Features Accessibility: 1st Floor 3/4 Bathroom, 1st Floor Bedroom, 1st Floor Full Bathroom, 1st Floor Hrd Surfce Flr, Bathroom w/Step-in Shower, Bathroom w/Tub, Paved Parking, 1st Floor Laundry
  • Features Interior: Cedar Closet, Fireplace - Gas, Primary BR w/ BA, Laundry - 1st Floor
  • Total Bedrooms: 2
  • Flooring: Ceramic Tile, Hardwood, Marble
  • Total Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Full, Stairs - Interior, Storage Space, Unfinished
  • Level 1: Level 1: Bedroom, Level 1: Dining Room, Level 1: Family Room, Level 1: Kitchen, Level 1: Living Room, Level 1: Primary Bdm Ste
  • Room 1: Kitchen, 12'8" x 10'6", On Level: 1
  • Room 2: Family Room, 10'3" x 8'5", On Level: 1
  • Room 3: Living Room, 17' x 15', On Level: 1
  • Room 4: Dining Room, 17' x 11'3", On Level: 1
  • Room 5: 1, 15' x 14'
  • Room 6: Bedroom, 15'2" x 10'6", On Level: 1
  • Sq Ft - Apx Finished AG: 1622
  • Sq Ft - Apx Total: 3244
  • Sq Ft - Apx Total Finished: 1622
  • Sq Ft - Apx Unfinished BG: 1622

Exterior Features

  • Building Number: II
  • Construction: Wood Frame
  • Driveway: Common/Shared, Paved
  • Exterior: Clapboard, Wood
  • Foundation: Concrete
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt
  • Features Exterior: Deck, Fence - Full, Porch - Covered
  • Water Body Type: Lake
  • Water Body Name 2: Lake Champlain
  • Water View: Yes

Garage/Parking

  • Garage Capacity: 1
  • Parking: Driveway, Garage, Paved, Visitor
  • Garage Type: Detached
  • Garage: Yes
  • Garage Description: Auto Open

Utilities

  • Cable Company: Comcast
  • Electric: 200 Amp, Circuit Breaker(s)
  • Fuel Company: Vermont Gas
  • Sewer: Public
  • Water: Public
  • Water Heater: Domestic, Gas - Natural, Owned
  • Heating Fuel: Gas - Natural
  • Heating: Baseboard, Multi Zone
  • Cooling: Central AC
  • Electric Company: Burlington Electric
  • Phone Company: Comcast
  • Utilities: Cable - Available, Telephone Available

Condo/Co-op/Association

  • Restrictions: Pets - Cats Allowed, Pets - Dogs Allowed
  • HOA Fee Frequency: Monthly
  • Fee: 668
  • Mgmt Co Phone: 802-863-6940
  • Fee Includes: Condo Association Fee, Landscaping, Plowing, Recreation, Sewer, Trash, Water
  • Condo Fees: Yes
  • Condo Name: Overlake Condominiums
  • Management Company: Appletree Bay
  • Association Amenities: Building Maintenance, Master Insurance, Landscaping, Common Acreage, Pool - In-Ground, Snow Removal, Tennis Court

Fee Information

  • Tax Class: Homestead

Schools

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

Lot Info

  • Common Land Acres: 7
  • Lot Description: Condo Development, Landscaped, Trail/Near Trail, View
  • Owned Land: Shared
  • Surveyed: Yes
  • Surveyed By: Developer
  • Zoning: RL
  • Deed Book: 1090
  • Deed Page: 290-292
  • Deed Recorded Type: Warranty
  • Unit/Lot Number: 17

Green Features

  • Efficiency: Hvac

Tax Info

  • Tax Year Notes: 2022-2023
  • Tax Gross Amount: 12625.44
  • Tax Year: 2022

MLS Schools

  • School District: Burlington School District
  • School Middle Jr: Assigned

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2022
Closed on
Dec 12, 2022
Sold by
Alan W And Kathy M Ouellette Revocable
Bought by
Binberg Llc
Seller's Agent
Brian M. Boardman
Coldwell Banker Hickok and Boardman
Buyer's Agent
Joan Shannon
Coldwell Banker Hickok and Boardman
List Price
$749,000
Sold Price
$890,000
Premium/Discount to List
$141,000
18.83%
Views
29
Current Estimated Value
$788,958

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$101,042
Avg. Annual Appreciation
-4.29%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Binberg Llc $890,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2022 12/12/22 Sold $890,000 +18.8% $549 / Sq Ft
11/07/2022 11/07/22 Pending -- -- --
11/02/2022 11/02/22 For Sale $749,000 -- $462 / 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 $14,548 $601,900 $0 $601,900
2023 $12,718 $601,900 $0 $601,900
2022 $12,625 $601,900 $0 $601,900
2021 $12,795 $601,900 $0 $601,900
2020 $11,955 $404,200 $0 $404,200
2019 $11,362 $404,200 $0 $404,200
2018 $10,850 $404,200 $0 $404,200
2017 $10,474 $404,200 $0 $404,200
2016 $10,146 $404,200 $0 $404,200
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: PrimeMLS

MLS Number: 4935752

PrimeMLS

APN: (035) 054-3-010-017