NOT LISTED FOR SALE

56 Memory Ln Wolcott, VT 05680

Estimated Value: $415,000 - $487,238

4 Beds
4 Baths
2,542 Sq Ft
$173/Sq Ft Est. Value

Last Sold November 04, 2021

Last sale price $354,500 $139 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $2,942/month

48 Days on Market

Highlights

  • Mountain View
  • Contemporary Architecture
  • Baseboard Heating

About This Home

As of November 2021

Charming duplex in a beautiful country setting! Enjoy views of a tranquil pond from the privacy of your back deck. This building is designed to feel like each unit is its own free-standing home. Each unit has an open concept living/dining/kitchen with glass doors leading to the deck; full bath on each floor; first floor office, and two large bedrooms on second floor, one with walk-in closet; second-floor laundry and full basements with plenty of storage. This is an ideal opportunity to occupy one side and have your family or friends share the other side! A great bike ride to Lake Elmore and views of the mountain will encourage you to take advantage of country living! Located within 30 minutes of our state capitol and approximately an hour to three ski resorts this property the perfect blend of setting and convenience.

Last Agent to Sell the Property

Trombley & Day Group

BHHS Vermont Realty Group/Morrisville-Stowe License #081.0004093 Listed on: 05/25/2021

BHHS Vermont Realty Group/Morrisville-Stowe

Last Buyer's Agent

Terri Edgerley

Edge Realty Vermont License #081.0134188

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,670

Year Built

  • Built in 2005

Lot Details

  • 1 Acre Lot
  • Lot Sloped Up

Property Views

  • Mountain Views
  • Countryside Views

Home Design

  • Duplex
  • Contemporary Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 4 Full Bathrooms
  • 2-Story Property
  • Unfinished Basement
  • Interior Basement Entry

Parking

  • Gravel Driveway
  • Shared Driveway

Utilities

  • Baseboard Heating
  • Heating System Uses Oil
  • 200+ Amp Service
  • Drilled Well
  • Oil Water Heater
  • Septic Tank
  • Cable TV Available

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $11,000
  • Gross Income $34,800
  • Net Operating Income $23,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,670

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Contemporary, Duplex
  • Directions: Rte 12 E from Morrisville; Second left past the Round Barn, onto T Jader Rd; take first right onto Richard Woolcutt Rd; left onto Memory Lane to the end.
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 139.46
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3868
  • Sq Ft - Apx Total Finished: 2542
  • Year Built: 2005
  • Remarks Public: Charming duplex in a beautiful country setting! Enjoy views of a tranquil pond from the privacy of your back deck. This building is designed to feel like each unit is its own free-standing home. Each unit has an open concept living/dining/kitchen with glass doors leading to the deck; full bath on each floor; first floor office, and two large bedrooms on second floor, one with walk-in closet; second-floor laundry and full basements with plenty of storage. This is an ideal opportunity to occupy one side and have your family or friends share the other side! A great bike ride to Lake Elmore and views of the mountain will encourage you to take advantage of country living! Located within 30 minutes of our state capitol and approximately an hour to three ski resorts this property the perfect blend of setting and convenience.
  • L A3 User Code: 19916
  • List Agent: 283446
  • L O1 Homesnapcom: Yes
  • L O3 Homesnapcom: Yes
  • S O1 Homesnapcom: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Concrete, Unfinished
  • Sq Ft - Apx Finished AG: 2542
  • Sq Ft - Apx Unfinished BG: 1326

Exterior Features

  • Construction: Wood Frame
  • Driveway: Common/Shared, Gravel
  • Exterior: Vinyl
  • Foundation: Concrete
  • Road Frontage: TBD
  • Roads: Dead End
  • Roof: Shingle
  • Easements: Yes

Utilities

  • Electric: 200 Amp, Circuit Breaker(s)
  • Sewer: On-Site Septic Exists
  • Water: Drilled Well
  • Water Heater: Domestic, Off Boiler, Oil, Tank
  • Heating Fuel: Oil
  • Heating: Baseboard
  • Total Refrigerators: 2
  • Utilities: Cable

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 43560
  • Lot Acres: 1
  • Lot Description: Country Setting, Mountain View, View
  • Row Parcel Access: Yes
  • Row To Other Parcel: Yes
  • Surveyed: Yes
  • Zoning: Yes
  • Deed Book: 100
  • Deed Page: 386
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 34800
  • Net Income: 23800
  • Total Full Baths: 4
  • Total Units: 2
  • Total2 Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 6670.39
  • Tax Year: 2021

Range of Values:

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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 Change Sq Ft Price
11/04/2021 11/04/21 Sold $354,500 -1.3% $139 / Sq Ft
07/12/2021 07/12/21 Pending -- -- --
05/25/2021 05/25/21 For Sale $359,000 -- $141 / 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 $6,360 $262,800 $25,000 $237,800
2023 $4,266 $262,800 $25,000 $237,800
2022 $6,163 $262,800 $25,000 $237,800
2021 $6,521 $262,800 $25,000 $237,800
2020 $6,670 $262,800 $25,000 $237,800
2019 $6,171 $262,800 $25,000 $237,800
2018 $5,862 $262,800 $25,000 $237,800
2017 $5,663 $262,800 $25,000 $237,800
2016 $5,689 $262,800 $25,000 $237,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4862813

PrimeMLS

APN: 777-247-11020