NOT LISTED FOR SALE

56 Platt St Winooski, VT 05404

Estimated Value: $508,244 - $576,000

5 Beds
2 Baths
2,345 Sq Ft
$235/Sq Ft Est. Value

Last Sold December 30, 2020

Last sale price $410,000 $175 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $3,459/month

5 Days on Market

About This Home

As of December 2020

Charming Duplex that combines both an unbeatable Winooski location & updated condition! This spacious 2 unit building will attract both the avid rental investor, as well as the savvy owner occupier who will live in one unit while having the other unit pay their mortgage! The building contains a 3 bed and a 2 bed unit, both in great condition, with hardwood floors and rooms bathed in natural light. The 3 bed unit offers an enclosed porch to the front and small watch tower room on the 2nd floor, while the 2 bed unit offers a private back yard and roof deck! Each unit has it's own laundry, and there is off street parking for (at least) 2 cars. The location itself is hard to beat - tucked away on a quiet street, yet foot steps from all the hustle and bustle of what Winooski has to offer.

Last Agent to Sell the Property

Michael O'Dowd

KW Vermont License #082.0101428 Listed on: 11/09/2020

KW Vermont

Last Buyer's Agent

Mark Montross

Catamount Realty Group License #081.0093878

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,336

Year Built

  • Built in 1905

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Sloped Up

Home Design

  • Concrete Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • 2,345 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Interior Basement Entry
  • Stove

Parking

  • 2 Car Parking Spaces
  • Off-Street Parking

Schools

  • Winooski Middle/High School
  • Winooski High School

Utilities

  • Radiator
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Separate Meters
  • Water Heater Leased
  • Natural Gas Water Heater

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Gas Meters
  • Operating Expense $11,301
  • Gross Income $42,000
  • Net Operating Income $30,699

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,336

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Directions: Through the rotary, north on Main, take right on Platt St, building on the right #56.
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 174.84
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3317
  • Sq Ft - Apx Total Finished: 2345
  • Property Type: Multi-Family
  • Year Built: 1905
  • Remarks Public: Charming Duplex that combines both an unbeatable Winooski location & updated condition! This spacious 2 unit building will attract both the avid rental investor, as well as the savvy owner occupier who will live in one unit while having the other unit pay their mortgage! The building contains a 3 bed and a 2 bed unit, both in great condition, with hardwood floors and rooms bathed in natural light. The 3 bed unit offers an enclosed porch to the front and small watch tower room on the 2nd floor, while the 2 bed unit offers a private back yard and roof deck! Each unit has it's own laundry, and there is off street parking for (at least) 2 cars. The location itself is hard to beat - tucked away on a quiet street, yet foot steps from all the hustle and bustle of what Winooski has to offer.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Unfinished
  • Sq Ft - Apx Finished AG: 2345
  • Sq Ft - Apx Unfinished BG: 972

Exterior Features

  • Exterior: Vinyl Siding
  • Foundation: Concrete
  • Road Frontage: TBD
  • Roads: Public
  • Roof: Shingle

Garage/Parking

  • Parking: Off Street, Parking Spaces 2

Utilities

  • Cable Company: Options
  • Electric: Circuit Breaker(s)
  • Fuel Company: Vermont Gas
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas - Natural, Rented
  • Heating Fuel: Gas - Natural
  • Heating: Radiator, Stove - Gas, Wall Units
  • Electric Company: GMP
  • Phone Company: Options
  • Separate Utilities: Yes
  • Total Electric Meters: 2
  • Total Gas Meters: 2
  • Total Heat Units: 2
  • Total Ranges: 2
  • Total Refrigerators: 2
  • Total Water Heaters: 2

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Winooski School District
  • Elementary School: Winooski Middle/High School
  • Middle School: Winooski Middle/High School
  • High School: Winooski High School
  • Elementary School: Winooski Middle/High School
  • High School: Winooski High School

Lot Info

  • Lot Sq Ft: 3920
  • Lot Acres: 0.09
  • Lot Description: City Lot
  • Zoning: R
  • Deed Book: 154
  • Deed Page: 301
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 42000
  • Net Income: 30699
  • Total Full Baths: 2
  • Total Units: 2
  • Total2 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 7335.65
  • Tax Year: 2020

MLS Schools

  • School District: Winooski School District
  • School Middle Jr: Winooski Middle/High School

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
12/30/2020 12/30/20 Sold $410,000 +2.8% $175 / Sq Ft
11/14/2020 11/14/20 Pending -- -- --
11/09/2020 11/09/20 For Sale $399,000 -- $170 / 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 -- $455,100 $164,000 $291,100
2023 -- $237,200 $82,000 $155,200
2022 $7,425 $237,200 $82,000 $155,200
2021 $7,569 $237,200 $82,000 $155,200
2020 $7,336 $237,200 $82,000 $155,200
2019 $6,959 $237,200 $82,000 $155,200
2018 $6,638 $237,200 $82,000 $155,200
2017 $6,431 $237,200 $82,000 $155,200
2016 $6,340 $237,200 $82,000 $155,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4837898

PrimeMLS

APN: (246) PL056