NOT LISTED FOR SALE

62-64 West Spring Winooski, VT 05404

Estimated Value: $474,000 - $747,000

8 Beds
4 Baths
2,493 Sq Ft
$253/Sq Ft Est. Value

Last Sold March 29, 2016

Last sale price $420,000 $168 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $3,956/month

99 Days on Market

Highlights

  • Porch
  • Baseboard Heating
  • Carpet
  • 2 Car Attached Garage

About This Home

As of March 2016

Centrally located minutes from the Winooski rotary and down town Burlington, this property consists of two buildings, 4 units, a 2 car garage, and large yard with garden spaces. With a strong income stream and many long term tenants, this is a perfect property for investors new or experienced. One of the garage bays is currently rented out adding to the already strong income stream. With many recent improvements, and up to date EMP statements, this property has certificates of compliance through 2017! If you're looking to invest in a great property minutes from area schools, employers and more... this is the one you've been waiting for!

Last Agent to Sell the Property

Brian Armstrong

KW Vermont License #081.0004255 Listed on: 10/12/2015

KW Vermont

Last Buyer's Agent

Sarah Harrington

Coldwell Banker Hickok and Boardman License #082.0006900

Coldwell Banker Hickok and Boardman

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,254

Year Built

  • 1900

Lot Details

  • 0.25 Acre Lot
  • Lot Sloped Up

Parking

  • 2 Car Attached Garage

Home Design

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

Interior Spaces

  • 4 Full Bathrooms
  • 2,493 Sq Ft Home
  • 2-Story Property
  • Carpet
  • Fire and Smoke Detector

Basement

  • Partial Basement
  • Crawl Space

Outdoor Features

  • Porch

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, snow removal, trash, water

Community Details

Overview

  • 4 Units

Pet Policy

  • Pets Allowed

Building Details

  • 2 Separate Gas Meters
  • Gross Income $54,420

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,254

Year Built

1900

Lot Details

0

Parking

2

Listing Details

  • Status Detail: Closed
  • Construction: Existing
  • Total Stories: 2
  • Sq Ft - Apx Total Finished: 2493
  • Unit Info: CO Detector, Electric, Laundry Hookup, Range - Electric, Refrigerator
  • Property Type: Multi-Family
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Equipment: Smoke Detectr-Hard Wired
  • Flooring: Carpet
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Description: Crawl Space, Partial
  • Sq Ft - Apx Finished AG: 2493

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl
  • Foundation: Stone
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle - Asphalt
  • Features Exterior: Porch

Garage/Parking

  • Garage Capacity: 2
  • Parking: Garage, Parking Spaces 1 - 10
  • Garage: Yes
  • Garage Type: Attached

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Heating Fuel: Gas - Natural
  • Heating: Baseboard, Hot Water
  • Separate Utilities: Varies
  • Total Electric Meters: 3
  • Total Gas Meters: 2
  • Total Heat Units: 4
  • Total Ranges: 4
  • Total Refrigerators: 4
  • Total Water Heaters: 4
  • Trash: Curbside, Recycle

Condo/Co-op/Association

  • Restrictions: Pets - Allowed
  • Services: Cable, DSL

Lot Info

  • Lot Sq Ft: 10890
  • Lot Acres: 0.25
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: Residential

Rental Info

  • Rent Includes: Sewer, Snow Removal, Trash, Water

Multi Family

  • Gross Income: 54420
  • Total Units: 4
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 2
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Year Notes: 15-16
  • Tax Gross Amount: 8253.53

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 9, 2005
Sold by
Norfleet Lillian M
Bought by
Armstrong T Michael
Current Estimated Value
$631,929
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
Armstrong T Michael $135,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2016 03/29/16 Sold $420,000 -3.4% $168 / Sq Ft
01/19/2016 01/19/16 Pending -- -- --
10/12/2015 10/12/15 For Sale $435,000 -- $174 / 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 -- $585,600 $202,500 $383,100
2023 -- $317,700 $101,300 $216,400
2022 $9,944 $317,700 $101,300 $216,400
2021 $10,137 $317,700 $101,300 $216,400
2020 $9,825 $317,700 $101,300 $216,400
2019 $9,320 $317,700 $101,300 $216,400
2018 $8,891 $317,700 $101,300 $216,400
2017 $8,614 $317,700 $101,300 $216,400
2016 $8,491 $317,700 $101,300 $216,400
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2016

    Brian Armstrong

    KW Vermont

    (802) 598-3190

    4 in this area

    228 Total Sales

    Brian Armstrong
    Section Image
  • Sarah Harrington

    Buyer's Agent in 2016

    Sarah Harrington

    Coldwell Banker Hickok and Boardman

    (802) 488-3455

    11 in this area

    335 Total Sales

    Sarah Harrington
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4455915

PrimeMLS

APN: (246) WS062

Vermont Chittenden County Winooski 05404

62-64 West Spring, Winooski, VT

Not Listed for Sale

MultiFamily

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