NOT LISTED FOR SALE

545 S Prospect St Unit 33 Burlington, VT 05401

Hill Section Neighborhood

Estimated Value: $607,000 - $658,000

2 Beds
2 Baths
1,446 Sq Ft
$620/mo HOA Fee

Last Sold June 12, 2023

Last sale price $575,000 $398 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,829/month

5 Days on Market

Highlights

  • Water Views
  • Wood Flooring
  • Tennis Courts
  • Resort Property
  • Community Pool
  • Covered Patio or Porch

About This Home

As of June 2023

Enjoy seasonal views of Lake Champlain and the Adirondack Mountains in this renovated second floor flat in the Overlake Condominiums. With seven acres of beautifully landscaped common green space, complete with association pool and tennis court, it is a pleasant oasis in the city. A fully-fenced private courtyard is a great place to grow your own herbs and flowers or create a comfortable patio space. The first floor foyer leads to a second floor flat featuring a spacious living/dining area with a cozy Jotul gas insert fireplace and a private balcony. The spacious eat-in kitchen renovated in 2013 by Peregrine Construction features stainless steel appliances and pass-thru to the living/dining room and is perfect for cooking and entertaining. The primary suite with full bath and walk-in cedar closet also boasts seasonal views of the lake and mountains. The second bedroom overlooks the courtyard and has easy access to a 3/4 bath. The detached garage, with access from inside the courtyard, provides extra storage and there’s additional parking in the common driveway. Located across from the Burlington Country Club and just minutes from UVM Medical Center, downtown Burlington, and I-89, this condo offers a convenient location with easy access to all that Burlington has to offer.

Last Agent to Sell the Property

Brian M. Boardman

Coldwell Banker Hickok and Boardman License #082.0005494 Listed on: 05/10/2023

Coldwell Banker Hickok and Boardman

Last Buyer's Agent

Theadora Dernavich

Coldwell Banker Hickok and Boardman License #082.0102683

Coldwell Banker Hickok and Boardman

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,857

Year Built

  • Built in 1982

Lot Details

  • Property is Fully Fenced
  • Landscaped

HOA Fees

  • $620 Monthly HOA Fees

Parking

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

Home Design

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

Interior Spaces

  • 1,446 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Blinds
  • Open Floorplan
  • Dining Area
  • Water Views

Kitchen

  • Gas Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Slate Flooring
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • Cedar Closet
  • Walk-In Closet
  • Bathtub
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Home Security

Accessible Home Design

  • Hard or Low Nap Flooring
  • Low Pile Carpeting

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Schools

  • Assigned Elementary And Middle School
  • Burlington High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • 220 Volts
  • Water Heater
  • Phone Available
  • Cable TV Available

Community Details

Overview

  • Association fees include landscaping, plowing, recreation, sewer, trash, water, condo fee
  • 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

$9,857

Year Built

Built in 1982

Lot Details

0

HOA Fees

$620 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 III.
  • Units per Building: 14
  • Construction: Existing
  • Resort: Yes
  • Total Stories: 1
  • Price Per Sq Ft: 397.65
  • Property Class: Residential
  • Property Type: Condo
  • Year Built: 1982
  • List Agent: 6067
  • Unique Disclaimer: The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the PrimeMLS.
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Range Hood, Microwave, Range - Gas, Refrigerator, Washer
  • Equipment: Smoke Detectr-Hard Wired
  • Features Accessibility: Bathroom w/Step-in Shower, Bathroom w/Tub, Hard Surface Flooring, Low Pile Carpet, Paved Parking
  • Features Interior: Blinds, Cedar Closet, Dining Area, Fireplace - Gas, Kitchen/Dining, Living/Dining, Primary BR w/ BA, Walk-in Closet
  • Total Bedrooms: 2
  • Flooring: Carpet, Ceramic Tile, Hardwood, Slate/Stone
  • Total Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 1
  • Level 1: Level 1: Bedroom, Level 1: Kitchen - Eat-in, Level 1: Living/Dining, Level 1: Primary Bdm Ste
  • Room 1: Kitchen - Eat-in, 17'2" x 12'6", On Level: 1
  • Room 2: Living/Dining, 26'6" x 17'5", On Level: 1
  • Room 3: Primary BR Suite, 15' x 13'7", On Level: 1
  • Room 4: Bedroom, 13'8" x 10'5", On Level: 1
  • Sq Ft - Apx Finished AG: 1446
  • Sq Ft - Apx Total: 1446
  • Sq Ft - Apx Total Finished: 1446

Exterior Features

  • Building Number: III
  • Construction: Wood Frame
  • Driveway: Common/Shared, Paved
  • Exterior: Clapboard, Wood
  • Foundation: Concrete
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt
  • Features Exterior: Balcony, 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: Assigned, Auto Open, Visitor

Utilities

  • Cable Company: Comcast\Xfinity
  • Electric: 220 Plug, Circuit Breaker(s)
  • Fuel Company: Vermont Gas
  • Sewer: Public
  • Water: Public
  • Water Heater: Owned, Tank
  • Heating Fuel: Electric, Gas - Natural
  • Heating: Baseboard
  • Cooling: Wall AC Units
  • Electric Company: Burlington Electric
  • Phone Company: Xfinity
  • Utilities: Cable - Available, Telephone Available

Condo/Co-op/Association

  • Restrictions: Pets - Cats Allowed, Pets - Dogs Allowed
  • HOA Fee Frequency: Monthly
  • Fee: 620
  • Mgmt Co Phone: 802-863-6940
  • Fee Includes: Landscaping, Plowing, Recreation, Sewer, Trash, Water, Condo Association Fee
  • 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, Trash Removal

Fee Information

  • Tax Class: Non-Homestead

Schools

  • Elementary School: Assigned
  • High School: Burlington High School

Lot Info

  • Common Land Acres: 7
  • Lot Description: Condo Development, Landscaped, Trail/Near Trail, View
  • Surveyed: Yes
  • Surveyed By: Developer
  • Zoning: RL
  • Deed Book: 1434
  • Deed Page: 101-103
  • Deed Recorded Type: Quit Claim
  • Unit/Lot Number: 33

Tax Info

  • Tax Year Notes: 2023-2023
  • Tax Gross Amount: 9857.36
  • 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
May 10, 2023
Closed on
Jun 12, 2023
Sold by
The Stadecker Family Trust
Bought by
The Jeffrey P Johnson & Mary P Kehoe R
Seller's Agent
Brian M. Boardman
Coldwell Banker Hickok and Boardman
Buyer's Agent
Theadora Dernavich
Coldwell Banker Hickok and Boardman
List Price
$549,000
Sold Price
$575,000
Premium/Discount to List
$26,000
4.74%
Views
41
Current Estimated Value
$625,195

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,195
Avg. Annual Appreciation
3.28%

Purchase Details

Closed on
Feb 11, 2019
Sold by
Stadecker Adriana
Bought by
Stadecker Family Trust

Purchase Details

Listed on
Jan 18, 2017
Closed on
Aug 15, 2017
Sold by
Katz Benjamin D and Malgeri Megan
Bought by
Stadecker Adriana
Seller's Agent
Brian M. Boardman
Coldwell Banker Hickok and Boardman
Buyer's Agent
Brian M. Boardman
Coldwell Banker Hickok and Boardman
List Price
$485,000
Sold Price
$425,000
Premium/Discount to List
-$60,000
-12.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.69%

Purchase Details

Closed on
Jun 15, 2012
Sold by
Katz Benjamin D
Bought by
Katz Benjamin D and Malgeri Megan
Source: Public Records
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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
The Jeffrey P Johnson & Mary P Kehoe R $575,000 --
The Jeffrey P Johnson & Mary P Kehoe R $575,000 --
The Jeffrey P Johnson & Mary P Kehoe R $575,000 --
Stadecker Family Trust -- --
Stadecker Family Trust -- --
Stadecker Family Trust -- --
Stadecker Adriana -- --
Stadecker Adriana -- --
Stadecker Adriana -- --
Katz Benjamin D -- --
Katz Benjamin D -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/12/2023 06/12/23 Sold $575,000 +4.7% $398 / Sq Ft
05/15/2023 05/15/23 Pending -- -- --
05/10/2023 05/10/23 For Sale $549,000 +29.2% $380 / Sq Ft
08/15/2017 08/15/17 Sold $425,000 -4.5% $294 / Sq Ft View Prior Sale
06/12/2017 06/12/17 Pending -- -- --
05/12/2017 05/12/17 Price Changed $445,000 -8.2% $308 / Sq Ft
01/18/2017 01/18/17 For Sale $485,000 -- $335 / 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 $11,278 $466,600 $0 $466,600
2023 $9,859 $466,600 $0 $466,600
2022 $9,857 $466,600 $0 $466,600
2021 $11,161 $507,100 $0 $507,100
2020 $10,308 $348,500 $0 $348,500
2019 $6,839 $348,500 $0 $348,500
2018 $9,796 $348,500 $0 $348,500
2017 $7,525 $300,900 $0 $300,900
2016 $7,553 $300,900 $0 $300,900
2015 -- $3,009 $0 $0
2014 -- $3,009 $0 $0
2013 -- $3,009 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4951981

PrimeMLS

APN: (035) 054-3-010-033