NOT LISTED FOR SALE

Estimated Value: $687,000 - $710,000

4 Beds
2 Baths
2,307 Sq Ft
$302/Sq Ft Est. Value

Last Sold May 13, 2022

Last sale price $575,000 $249 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $4,779/month

148 Days on Market

Highlights

  • Softwood Flooring
  • Shed
  • Property is Fully Fenced
  • Covered patio or porch
  • High Speed Internet
  • Level Lot

About This Home

As of May 2022

Located in the coveted Five Sisters Neighborhood in Burlington, VT, this Howard Street duplex offers a remarkable investment opportunity. The two units - both featuring two bedrooms and one full bathroom - provide a perpetual market demand for occupancy with a solid short- and long-term rental history. For the prospects of a future owner occupant, the seller has thoughtfully held the upstairs apartment (previously rented for $1800/month) vacant for the sales process after a long-term tenant recently moved. The main level tenants are currently under lease to 8/31/2022 for $2000/month. Recent updates include some flooring, paint, and fixtures in both units. Vintage charm radiates from the slate roof and wide pine flooring. The level backyard lawn is fully fenced, which is great for pets, and is home to an epic Eastern Cottonwood. All appliances in both units are owned by the seller and will convey. The full basement includes a partial crawl space to the exterior bulkhead and provides additional storage space with interior access from the main level unit. Enjoy three off-street parking spots and access to additional free parking on the surrounding streets. If desired, there is potential for the home to be converted back to a single-family home in the future. This location offers amazing proximity to the bike path, waterfront, Calahan Park, downtown Burlington, employment opportunities, and interstate 89.

Last Agent to Sell the Property

Curtis Trousdale

Preferred Properties License #081.0004552 Listed on: 11/03/2021

Last Buyer's Agent

Allyson Nadeau

Coldwell Banker Hickok and Boardman License #082.0007839

Coldwell Banker Hickok and Boardman

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,512

Year Built

  • Built in 1899

Lot Details

  • 4,356 Sq Ft Lot
  • Property is Fully Fenced
  • Level Lot

Home Design

  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Slate Roof
  • Clap Board Siding
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • 2.5-Story Property

Flooring

  • Softwood
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Dirt Floor
  • Crawl Space

Parking

  • Gravel Driveway
  • Dirt Driveway
  • Unpaved Parking
  • On-Street Parking
  • On-Site Parking

Outdoor Features

  • Covered patio or porch
  • Shed

Schools

  • Edmunds Elementary School
  • Edmunds Middle School
  • Burlington High School

Utilities

  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • 2 Units
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,512

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Directions: From Main Street, turn onto S Willard Street. Turn right onto Howard Street. Continue to home and real estate sign on left.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2.5
  • Price Per Sq Ft: 249.24
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3569
  • Sq Ft - Apx Total Finished: 2307
  • Year Built: 1899
  • Remarks Public: Located in the coveted Five Sisters Neighborhood in Burlington, VT, this Howard Street duplex offers a remarkable investment opportunity. The two units - both featuring two bedrooms and one full bathroom - provide a perpetual market demand for occupancy with a solid short- and long-term rental history. For the prospects of a future owner occupant, the seller has thoughtfully held the upstairs apartment (previously rented for $1800/month) vacant for the sales process after a long-term tenant recently moved. The main level tenants are currently under lease to 8/31/2022 for $2000/month. Recent updates include some flooring, paint, and fixtures in both units. Vintage charm radiates from the slate roof and wide pine flooring. The level backyard lawn is fully fenced, which is great for pets, and is home to an epic Eastern Cottonwood. All appliances in both units are owned by the seller and will convey. The full basement includes a partial crawl space to the exterior bulkhead and provides additional storage space with interior access from the main level unit. Enjoy three off-street parking spots and access to additional free parking on the surrounding streets. If desired, there is potential for the home to be converted back to a single-family home in the future. This location offers amazing proximity to the bike path, waterfront, Calahan Park, downtown Burlington, employment opportunities, and interstate 89.
  • List Agent: 26047
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Flooring: Combination, Softwood, Vinyl
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Bulkhead, Crawl Space, Dirt Floor, Full, Interior Access, Unfinished
  • Sq Ft - Apx Finished AG: 2307
  • Sq Ft - Apx Unfinished BG: 1262

Exterior Features

  • Construction: Timber Frame
  • Driveway: Dirt, Gravel
  • Exterior: Clapboard, Vinyl Siding
  • Foundation: Brick, Stone
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Slate
  • Features Exterior: Fence - Full, Natural Shade, Porch, Porch - Covered, Shed

Garage/Parking

  • Parking: Driveway, On-Site, On Street, Unpaved

Utilities

  • Cable Company: Burlington Telecom
  • Electric: On-Site
  • Fuel Company: Vermont Gas
  • Sewer: Public Sewer On-Site
  • Water: Public Water - On-Site
  • Water Heater: Gas - Natural, Owned
  • Heating Fuel: Gas - Natural
  • Heating: Direct Vent
  • Electric Company: Burlington Electric
  • Phone Company: Burlington Telecom
  • Separate Utilities: Varies
  • Total Electric Meters: 2
  • Total Gas Meters: 2
  • Total Heat Units: 2
  • Total Ranges: 2
  • Total Refrigerators: 2
  • Total Water Heaters: 2
  • Utilities: Cable - Available, High Speed Intrnt -Avail, Telephone Available

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Burlington School District
  • Elementary School: Edmunds Elementary School
  • Middle School: Edmunds Middle School
  • High School: Burlington High School
  • Elementary School: Edmunds Elementary School
  • High School: Burlington High School

Lot Info

  • Lot Sq Ft: 4356
  • Lot Acres: 0.1
  • Lot Description: Level, Sidewalks, Street Lights
  • Surveyed: Yes
  • Zoning: Residential - Low Density
  • Deed Book: 1305
  • Deed Page: 154
  • Deed Recorded Type: Warranty

Multi Family

  • Total Full Baths: 2
  • Total Units: 2
  • Total2 Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 10511.96
  • Tax Year: 2021

MLS Schools

  • School District: Burlington School District
  • School Middle Jr: Edmunds Middle 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
05/13/2022 05/13/22 Sold $575,000 -4.0% $249 / Sq Ft
03/31/2022 03/31/22 Pending -- -- --
12/07/2021 12/07/21 Price Changed $599,000 -4.2% $260 / Sq Ft
11/03/2021 11/03/21 For Sale $625,000 +56.6% $271 / Sq Ft
06/15/2016 06/15/16 Sold $399,000 0.0% $173 / Sq Ft
06/15/2016 06/15/16 Pending -- -- --
06/15/2016 06/15/16 For Sale $399,000 -- $173 / 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 $11,544 $477,600 $146,000 $331,600
2023 $10,092 $477,600 $146,000 $331,600
2022 $10,090 $477,600 $146,000 $331,600
2021 $10,512 $477,600 $145,800 $331,800
2020 $9,242 $300,300 $130,700 $169,600
2019 $8,789 $300,300 $130,700 $169,600
2018 $8,168 $300,300 $130,700 $169,600
2017 $7,998 $300,300 $130,700 $169,600
2016 $7,815 $300,300 $130,700 $169,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4889555

PrimeMLS

APN: (035) 053-3-077-000