NOT LISTED FOR SALE

58 Indian Point St Newport, VT 05855

Estimated Value: $164,000 - $244,000

7 Beds
3 Baths
3,020 Sq Ft
$67/Sq Ft Est. Value

Last Sold July 09, 2021

Last sale price $146,500 $49 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $1,364/month

About This Home

As of July 2021

Great investment opportunity with this 3-unit apartment building. Well established income producing property with long term tenants. Separate utilities for each unit and low maintenance with updated vinyl siding & windows, shingled roof, electrical, plumbing, hard wired smoke detectors, etc. Unit #1 is the largest of the units with 3 bedrooms and 1.5 baths on two levels and has its own basement storage area. Unit #2 is on the ground level with two bedrooms and access to a private basement for storage. Unit #3 is a second floor one bedroom unit. Each unit includes the kitchen appliances and has washer/dryer hookups within each unit. Great location on the East-side of town, walking distance to all amenities and is a great income producing property with financials available.

Last Agent to Sell the Property

Ryan Pronto

Jim Campbell Real Estate License #081.0063392 Listed on: 07/09/2021

Last Buyer's Agent

Ryan Pronto

Jim Campbell Real Estate License #081.0063392 Listed on: 07/09/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,216

Year Built

  • Built in 1920

Lot Details

  • 0.35 Acre Lot
  • Lot Sloped Up

Home Design

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

Interior Spaces

  • 3 Full Bathrooms
  • 2-Story Property

Unfinished Basement

  • Connecting Stairway
  • Interior Basement Entry

Parking

  • Gravel Driveway
  • Paved Parking

Outdoor Features

  • Enclosed patio or porch

Schools

  • Newport City Elementary School
  • North Country Junior High
  • North Country Union High Sch

Utilities

  • Heating System Uses Gas
  • Heating System Mounted To A Wall or Window
  • Separate Meters
  • Propane
  • Gas Water Heater

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $6,217
  • Gross Income $24,900
  • Net Operating Income $18,683

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,216

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family, Multi-Level
  • Directions: East Main St to Indian Point St, #58
  • Footprint: 26'x61'
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 48.51
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3946
  • Sq Ft - Apx Total Finished: 3020
  • Property Type: Multi-Family
  • Year Built: 1920
  • Remarks Public: Great investment opportunity with this 3-unit apartment building. Well established income producing property with long term tenants. Separate utilities for each unit and low maintenance with updated vinyl siding & windows, shingled roof, electrical, plumbing, hard wired smoke detectors, etc. Unit #1 is the largest of the units with 3 bedrooms and 1.5 baths on two levels and has its own basement storage area. Unit #2 is on the ground level with two bedrooms and access to a private basement for storage. Unit #3 is a second floor one bedroom unit. Each unit includes the kitchen appliances and has washer/dryer hookups within each unit. Great location on the East-side of town, walking distance to all amenities and is a great income producing property with financials available.
  • L A1 M M S I Memberkey: 390571
  • List Agent: 22531
  • L O1 Homesnapcom: Yes
  • L O1 M M S I Officekey: 72598
  • S A1 M M S I Memberkey: 390571
  • S O1 Homesnapcom: Yes
  • S O1 M M S I Officekey: 72598
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Stairs - Interior, Unfinished
  • Sq Ft - Apx Finished AG: 3020
  • Sq Ft - Apx Unfinished BG: 926

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel, Paved
  • Exterior: Aluminum, Vinyl Siding
  • Foundation: Concrete
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt
  • Features Exterior: Porch - Enclosed

Garage/Parking

  • Parking: Driveway

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric, Gas
  • Heating Fuel: Gas - LP/Bottle
  • Heating: Hot Air, Wall Units
  • Separate Utilities: Yes
  • Total Electric Meters: 3
  • Total Heat Units: 3
  • Total Ranges: 3
  • Total Refrigerators: 3
  • Total Water Heaters: 3
  • Utilities: Gas - Lp/Bottle

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Orleans Essex North
  • Elementary School: Newport City Elementary
  • Middle School: North Country Junior High
  • High School: North Country Union High Sch
  • Elementary School: Newport City Elementary
  • High School: North Country Union High Sch

Lot Info

  • Lot Sq Ft: 15246
  • Lot Acres: 0.35
  • Lot Description: Sidewalks
  • Surveyed: Unknown
  • Zoning: Newport
  • Deed Book: 121
  • Deed Page: 94-95
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 24900
  • Net Income: 18683
  • Total Full Baths: 3
  • Total Units: 3
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Year Notes: 2020-21
  • Tax Gross Amount: 3216.06
  • Tax Year: 2021

MLS Schools

  • School District: Orleans Essex North
  • School Middle Jr: North Country Junior High

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
07/09/2021 07/09/21 Sold $146,500 -1.3% $49 / Sq Ft
07/09/2021 07/09/21 Pending -- -- --
07/09/2021 07/09/21 For Sale $148,500 -- $49 / 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 $3,168 $106,200 $26,900 $79,300
2023 $3,168 $106,200 $26,900 $79,300
2022 $3,168 $106,200 $26,900 $79,300
2021 $3,234 $106,200 $26,900 $79,300
2020 $3,216 $106,200 $26,900 $79,300
2019 $3,125 $106,200 $26,900 $79,300
2018 $3,070 $106,200 $26,900 $79,300
2016 $2,875 $95,800 $14,800 $81,000
Source: Public Records

Agents Affiliated with this Home

  • Ryan Pronto

    Seller's Agent in 2021

    Ryan Pronto

    Jim Campbell Real Estate

    (802) 274-9149

    141 in this area

    424 Total Sales

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Map

Source: PrimeMLS

MLS Number: 4871683

PrimeMLS

APN: 435-136-16023

Vermont Orleans County Newport 05855

58 Indian Point St, Newport, VT

This home is located at 58 Indian Point St, Newport, VT 05855 since 09 July 2021 and is currently estimated at $200,941, approximately $66 per square foot. This property was built in 1920. 58 Indian Point St is a home located in Orleans County with nearby schools including Newport City Elementary School, North Country Union Junior High School, and North Country Union High School.

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