NOT LISTED FOR SALE

545 S Prospect St Unit 9 Burlington, VT 05401

Hill Section Neighborhood

Estimated Value: $606,000 - $661,000

2 Beds
2 Baths
1,566 Sq Ft
$668/mo HOA Fee

Last Sold April 18, 2024

Last sale price $599,000 $383 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $5,108/month

11 Days on Market

Highlights

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

About This Home

As of April 2024

This is a rare opportunity to own a first-floor flat at Burlington's coveted Overlake condominiums. Enjoy seasonal views of Lake Champlain and the Adirondack Mountains! With only 40 units on 7 acres of common land, it is a pleasant oasis in the middle of the Burlington Hill Section. The entrance to this first-floor flat is through your own private fenced courtyard with access to the detached garage. Easy living with a nice, open living/dining space with gas fireplace and access to the back deck looking west over the common land. The kitchen boasts granite countertops, a pass-thru to the dining area, and opens to a cozy sunken family room or den. Tons of basement storage! Converted to baseboard natural gas heat. Near UVM Medical Center and Burlington Country Club. Enjoy all Burlington has to offer with easy living at the Overlake condos!

Last Agent to Sell the Property

Brian M. Boardman

Coldwell Banker Hickok and Boardman License #082.0005494 Listed on: 01/11/2024

Coldwell Banker Hickok and Boardman

Last Buyer's Agent

Sara Puretz

Coldwell Banker Hickok and Boardman License #082.0095027

Coldwell Banker Hickok and Boardman

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,986

Year Built

  • Built in 1982

Lot Details

  • West Facing Home
  • Property is Fully Fenced
  • Landscaped

HOA Fees

  • $668 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Shared Driveway
  • Visitor Parking

Home Design

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

Interior Spaces

  • 1-Story Property
  • Gas Fireplace
  • Dining Area
  • Property Views

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile
  • Slate Flooring

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Home Security

Outdoor Features

  • Deck
  • Covered Patio or Porch

Schools

  • Assigned Elementary And Middle School
  • Burlington High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Zoned Heating
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Exclusions: Dining room chandelier

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

$11,986

Year Built

Built in 1982

Lot Details

0

HOA Fees

$668 per month

Parking

1

Listing Details

  • Status Detail: Closed
  • Development Subdivision: Overlake Condos
  • Directions: Across from Redstone Commons on South Prospect Street. Turn into Overlake development, then turn right inside entrance to Building I, interior first floor unit.
  • Units per Building: 14
  • Construction: Existing
  • Exposure: West
  • Items Excluded: Dining room chandelier
  • Resort: Yes
  • Total Stories: 1
  • Price Per Sq Ft: 382.5
  • 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 PrimeMLS.
  • Display On Internet: Unknown
  • Architectural Style: Flat
  • ResoLotFeatures: Condo Development, Landscaped, Trail/Near Trail, View
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range - Gas, Refrigerator, Washer, Water Heater - Domestic, Water Heater–Natural Gas, Water Heater - Owned
  • Equipment: Smoke Detector
  • Features Accessibility: 1st Floor 3/4 Bathroom, 1st Floor Bedroom, 1st Floor Full Bathroom, Bathroom w/Step-in Shower, Bathroom w/Tub, Paved Parking
  • Features Interior: Dining Area, Fireplace - Gas, Primary BR w/ BA, Laundry - Basement
  • Total Bedrooms: 2
  • Flooring: Carpet, Hardwood, Slate/Stone, Tile
  • 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, 13' x 7'8", On Level: 1
  • Room 2: Family Room, 10'3" x 8'6", On Level: 1
  • Room 3: Living Room, 17' x 15'6", On Level: 1
  • Room 4: Dining Room, 17' x 11'4", On Level: 1
  • Room 5: 1, 15' x 15'
  • Room 6: Bedroom, 15' x 10'6", On Level: 1
  • Sq Ft - Apx Finished AG: 1566
  • Sq Ft - Apx Total: 3132
  • Sq Ft - Apx Total Finished: 1566
  • Sq Ft - Apx Unfinished BG: 1566

Exterior Features

  • Building Number: I
  • Driveway: Common/Shared, Paved
  • Foundation: Concrete
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt
  • Easements: Yes
  • Features Exterior: Deck, Fence - Full, Patio, Porch - Covered
  • Construction Type: Wood Frame, Clapboard Exterior, Wood Exterior

Garage/Parking

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

Utilities

  • Cable Company: Comcast
  • Electric: Circuit Breaker(s)
  • Fuel Company: Vermont Gas
  • Sewer: Public
  • Heating Fuel: Gas - Natural
  • Heating: Baseboard, Hot Water, Multi Zone
  • Cooling: Wall AC Units
  • Electric Company: Burlington Electric
  • Phone Company: Comcast
  • Utilities: Cable - Available, Telephone Available
  • Water Source: Public

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: 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: Homestead

Schools

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

Lot Info

  • Common Land Acres: 7
  • Owned Land: Shared
  • Surveyed: Yes
  • Surveyed By: Developer
  • Zoning: RL
  • Deed Book: 1094
  • Deed Page: 674-675
  • Deed Recorded Type: Warranty
  • Unit/Lot Number: 9

Tax Info

  • Tax Year Notes: 2023-2024
  • Tax Gross Amount: 11986.08
  • Tax Year: 2023

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2024
Closed on
Apr 18, 2024
Sold by
Mary L Beck Revocable Trust
Bought by
Jatlow Lynn and Jatlow Julie
Seller's Agent
Brian M. Boardman
Coldwell Banker Hickok and Boardman
Buyer's Agent
Sara Puretz
Coldwell Banker Hickok and Boardman
List Price
$648,000
Sold Price
$599,000
Premium/Discount to List
-$49,000
-7.56%
Views
82
Current Estimated Value
$635,621

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,621
Avg. Annual Appreciation
3.68%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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

Purchase History

Date Buyer Sale Price Title Company
Jatlow Lynn $599,000 --
Jatlow Lynn $599,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/18/2024 04/18/24 Sold $599,000 0.0% $383 / Sq Ft
01/22/2024 01/22/24 Pending -- -- --
01/18/2024 01/18/24 Price Changed $599,000 -7.6% $383 / Sq Ft
01/11/2024 01/11/24 For Sale $648,000 -- $414 / 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 $13,161 $544,500 $0 $544,500
2023 $11,505 $544,500 $0 $544,500
2022 $11,421 $544,500 $0 $544,500
2021 $11,574 $544,500 $0 $544,500
2020 $11,231 $379,700 $0 $379,700
2019 $10,673 $379,700 $0 $379,700
2018 $10,192 $379,700 $0 $379,700
2017 $9,840 $379,700 $0 $379,700
2016 $9,531 $379,700 $0 $379,700
Source: Public Records

Agents Affiliated with this Home

  • Brian M. Boardman

    Seller's Agent in 2024

    Brian M. Boardman

    Coldwell Banker Hickok and Boardman

    (802) 846-9510

    28 in this area

    345 Total Sales

    Brian M. Boardman
    Section Image
  • Sara Puretz

    Buyer's Agent in 2024

    Sara Puretz

    Coldwell Banker Hickok and Boardman

    (802) 846-9504

    11 in this area

    120 Total Sales

    Sara Puretz
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4981945

PrimeMLS

APN: (035) 054-3-010-009

Vermont Chittenden County Burlington 05401 Hill Section

545 S Prospect St Unit 9, Burlington, VT

Not Listed for Sale

Condos

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