NOT LISTED FOR SALE

59 Prospect St Barre, VT 05641

Estimated Value: $130,275 - $228,000

4 Beds
1 Bath
3,213 Sq Ft
$56/Sq Ft Est. Value

Last Sold January 03, 2024

Last sale price $112,000 $35 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $1,213/month

215 Days on Market

Highlights

  • Corner Lot
  • High Speed Internet
  • 2-minute walk to City Hall Park
  • Balcony

About This Home

As of January 2024

**PRICE REDUCTION** Here's something interesting! A Barre City triplex, with two good, rented units upstairs, and one renovation-ready unit on the first floor. The elephant in the room is the first floor. It's ready for a renovation, which is good, because that's what it needs. You're going to be putting in a new kitchen, bathroom, flooring, and painting. And then...you'll have a really nice, open layout, one bedroom first floor apartment, with a separate "cold storage" area. Should get nice rent on that! One upstairs apartment has two bedrooms, an open layout, and a recently updated balcony, which is very cool. Long term tenants in that unit. The other upstairs apartment is currently set up as a one bedroom. A little creativity might let you change the locations of a couple of doorways, and make it into two bedrooms. Updated kitchen, and hardwood floors. Each unit has its own heating, so you could keep paying for heat, or shift it onto the tenants. This could be a great owner occupied building, or you can get three good rents under one roof. Parking for three cars. This building is a good one, it really just needs someone to carry it over the finish line. The location is convenient to downtown Barre, and you can pop up to 89 and avoid traffic if that's your preference. **Garage does not convey.**

Last Agent to Sell the Property

Ray Mikus

Green Light Real Estate License #081.0078511 Listed on: 04/26/2023

Last Buyer's Agent

The Signature Realty Group

Signature Properties of Vermont

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1910

Lot Details

  • 4,792 Sq Ft Lot
  • Corner Lot
  • Lot Sloped Up

Parking

  • Paved Parking

Home Design

  • Stone Foundation
  • Wood Frame Construction
  • Membrane Roofing
  • Vinyl Siding

Interior Spaces

  • 3,213 Sq Ft Home
  • 2-Story Property

Basement

  • Connecting Stairway
  • Interior Basement Entry

Outdoor Features

  • Balcony

Schools

  • Barre City Elementary & Middle Sch
  • Spaulding High School

Utilities

  • Heating System Uses Gas
  • Heating System Uses Oil
  • Separate Meters
  • Electric Water Heater
  • High Speed Internet
  • Internet Available
  • Phone Available
  • Cable TV Available

Community Details

Overview

  • 3 Units
  • Garrett's Association

Building Details

  • Operating Expense $12,570
  • Gross Income $36,960
  • Net Operating Income $243,900

Property Details

Home Type

Apartment

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building
  • Directions: Main Street in Barre to Prospect Street (at City Hall and the Barre Opera House). Turn onto Prospect, building is on the right. For showings, parking on Branch Street or Burnham Street are options, as well as the parking lot at Merchants Row.
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 34.86
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 4013
  • Sq Ft - Apx Total Finished: 3213
  • Year Built: 1910
  • List Agent: 23070
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Concrete Floor, Stairs - Interior
  • Sq Ft - Apx Finished AG: 3213
  • Sq Ft - Apx Unfinished BG: 800

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl
  • Foundation: Granite
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Membrane
  • Easements: Yes
  • Features Exterior: Balcony

Utilities

  • Cable Company: Charter
  • Electric: Circuit Breaker(s)
  • Fuel Company: Irving
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric, Owned
  • Heating Fuel: Gas - LP/Bottle, Oil
  • Heating: Direct Vent, Hot Air
  • Electric Company: Green Mountain Power
  • Phone Company: Consolidated
  • Separate Utilities: Yes
  • Utilities: Cable - Available, Dsl - Available, High Speed Intrnt -Avail, Telephone Available, Satellite Internet

Condo/Co-op/Association

  • Management Company: Garrett's

Fee Information

  • Tax Class: Non-Homestead

Schools

  • Elementary School: Barre City Elem & Middle Sch
  • High School: Spaulding High School

Lot Info

  • Lot Sq Ft: 4792
  • Lot Acres: 0.11
  • Lot Description: City Lot, Corner
  • Surveyed: Unknown
  • Zoning: Mixed Use 2
  • Deed Book: 382
  • Deed Page: 260
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 36960
  • Net Income: 243900
  • Total Units: 3
  • Total1 Bedroom Units: 2
  • Total2 Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 5752.4
  • Tax Year: 2022

MLS Schools

  • School District: Barre City School District
  • School Middle Jr: Barre City Elem & Middle Sch

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2023
Closed on
Jan 3, 2024
Sold by
Alden Peter and Wright Kimberley
Bought by
Zof Llc
Seller's Agent
Ray Mikus
Green Light Real Estate
Buyer's Agent
The Signature Realty Group
Signature Properties of Vermont
List Price
$140,000
Sold Price
$112,000
Premium/Discount to List
-$28,000
-20%
Views
368
Current Estimated Value
$191,185

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,185
Avg. Annual Appreciation
27.30%

Purchase Details

Listed on
Nov 23, 2020
Closed on
Apr 23, 2021
Sold by
Ibey Heidi J and Ibey Richard A
Bought by
Alden Peter R and Wright Kimberley T
Seller's Agent
Richard Ibey
Buyer's Agent
The Nancy Jenkins Team
Nancy Jenkins Real Estate
List Price
$139,000
Sold Price
$125,000
Premium/Discount to List
-$14,000
-10.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.99%

Purchase Details

Closed on
Sep 28, 2011
Sold by
Mullen John R and Mullen Nancy L
Bought by
Ibey Richard A and Ibey Heidi
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
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
Zof Llc $112,000 --
Zof Llc $112,000 --
Alden Peter R $125,000 --
Alden Peter R $125,000 --
Alden Peter R $125,000 --
Ibey Richard A $80,001 --
Ibey Richard A $80,001 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/03/2024 01/03/24 Sold $112,000 -20.0% $35 / Sq Ft
11/27/2023 11/27/23 Pending -- -- --
10/26/2023 10/26/23 For Sale $140,000 0.0% $44 / Sq Ft
10/26/2023 10/26/23 Price Changed $140,000 +25.0% $44 / Sq Ft
10/25/2023 10/25/23 Off Market $112,000 -- --
04/26/2023 04/26/23 For Sale $160,000 +28.0% $50 / Sq Ft
04/23/2021 04/23/21 Sold $125,000 -7.4% $39 / Sq Ft View Prior Sale
03/01/2021 03/01/21 Pending -- -- --
02/08/2021 02/08/21 Price Changed $135,000 -2.9% $42 / Sq Ft
11/23/2020 11/23/20 For Sale $139,000 -- $43 / 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 $2,674 $159,100 $9,100 $150,000
2023 $2,674 $159,100 $9,100 $150,000
2022 $5,752 $159,100 $9,100 $150,000
2021 $5,846 $159,100 $9,100 $150,000
2020 $5,770 $159,100 $9,100 $150,000
2019 $5,456 $159,100 $9,100 $150,000
2018 $5,312 $159,100 $9,100 $150,000
2017 $0 $159,100 $9,100 $150,000
2016 $0 $159,100 $9,100 $150,000
2015 -- $1,591 $0 $0
2014 -- $1,591 $0 $0
2013 -- $1,591 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4950084

PrimeMLS

APN: 036-011-12226