NOT LISTED FOR SALE

62 Heritage Ln Colchester, VT 05446

7 Beds
4 Baths
3,054 Sq Ft
1.14 Acres

Last Sold October 26, 2018

Last sale price $500,000 $164 Per Sq Ft

31 Days on Market

Highlights

  • 1.14 Acre Lot
  • Carpet
  • 1-Story Property
  • Deck

About This Home

As of October 2018

Four unit apartment building in excellent Colchester location directly across from Heritage Park, offering Tennis / Basketball Courts, and Playground. Property offers (3) two bedroom units and (1) 1 bedroom in great shape. Large yard and plenty of off street parking. Common coin laundry area, separate utilities. Natural gas heat. Rental income reflects under market rents. Want more units? Adjoining property at #102 Heritage Lane is also available offering an additional 3 units, see MLS #4709905

Last Agent to Sell the Property

Paul Cannizzaro

Cannizzaro Real Estate License #081.0083839 Listed on: 07/31/2018

Last Buyer's Agent

Erin Dupuis

Vermont Real Estate Company License #082.0066435

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $6,519

Year Built

  • Built in 1972

Lot Details

  • 1.14 Acre Lot
  • Lot Sloped Up

Home Design

  • Concrete Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 4 Full Bathrooms
  • 1-Story Property

Flooring

  • Carpet
  • Vinyl

Basement

  • Walk-Out Basement
  • Apartment Living Space in Basement

Parking

  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Deck

Schools

  • Colchester Middle School
  • Colchester High School

Utilities

  • Wall Furnace
  • Heating System Uses Natural Gas
  • Separate Meters
  • Electric Water Heater
  • Septic Tank

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Gas Meters
  • Gross Income $44,700

Property Details

Home Type

Apartment

Est. Annual Taxes

$6,519

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building
  • Directions: Take Main Street from Rte 2 by Claussens Greenhouse. Heritage Lane is third left (right after Village Drive). Property on right across from park.
  • Construction: Existing
  • Total Stories: 1
  • Price Per Sq Ft: 321.75
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3054
  • Sq Ft - Apx Total Finished: 3054
  • Property Type: Multi-Family
  • Year Built: 1972
  • Remarks Public: Four unit apartment building in excellent Colchester location directly across from Heritage Park, offering Tennis / Basketball Courts, and Playground. Property offers (3) two bedroom units and (1) 1 bedroom in great shape. Large yard and plenty of off street parking. Common coin laundry area, separate utilities. Natural gas heat. Rental income reflects under market rents. Want more units? Adjoining property at #102 Heritage Lane is also available offering an additional 3 units, see MLS #4709905
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Carpet, Vinyl
  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Apartments
  • Sq Ft - Apx Finished AG: 1554
  • Sq Ft - Apx Finished BG: 1500

Exterior Features

  • Driveway: Gravel
  • Exterior: Vinyl
  • Foundation: Concrete
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle, Shingle - Asphalt
  • Easements: Unknown
  • Features Exterior: Deck

Garage/Parking

  • Parking: Off Street

Utilities

  • Electric: Circuit Breaker(s)
  • Fuel Company: VT Gas
  • Sewer: Septic
  • Water: Public
  • Water Heater: Electric, Owned
  • Heating Fuel: Gas - Natural
  • Heating: Direct Vent, Hot Air, Monitor Type, Wall Furnace
  • Electric Company: GMP
  • Separate Utilities: Yes
  • Total Electric Meters: 5
  • Total Gas Meters: 4
  • Total Heat Units: 4
  • Total Ranges: 4
  • Total Refrigerators: 4
  • Total Water Heaters: 5
  • Trash: Owner

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Colchester School District
  • Middle School: Colchester Middle School
  • High School: Colchester High School
  • High School: Colchester High School

Lot Info

  • Map: 25-09400-3
  • Lot Sq Ft: 49658
  • Lot Acres: 1.14
  • Surveyed: Unknown
  • Zoning: R3
  • Deed Book: 746
  • Deed Page: 292
  • Deed Recorded Type: Trust

Multi Family

  • Gross Income: 44700
  • Total Full Baths: 4
  • Total Units: 4
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 3

Tax Info

  • Taxes TBD: Unknown
  • Tax Gross Amount: 6518.97
  • Tax Year: 2018

MLS Schools

  • School District: Colchester School District
  • School Middle Jr: Colchester 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
10/26/2018 10/26/18 Sold $500,000 -9.1% $164 / Sq Ft
08/31/2018 08/31/18 Pending -- -- --
07/31/2018 07/31/18 For Sale $550,000 -- $180 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Paul Cannizzaro

    Seller's Agent in 2018

    Paul Cannizzaro

    Cannizzaro Real Estate

    (802) 238-2010

    6 in this area

    58 Total Sales

    Section Image
  • Erin Dupuis

    Buyer's Agent in 2018

    Erin Dupuis

    Vermont Real Estate Company

    (802) 310-3669

    15 in this area

    231 Total Sales

    Section Image
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Map

Source: PrimeMLS

MLS Number: 4709904

PrimeMLS

Vermont Chittenden County Colchester 05446

62 Heritage Ln, Colchester, VT

This home is located at 62 Heritage Ln, Colchester, VT 05446 since 31 July 2018. This property was built in 1972. 62 Heritage Ln is a home located in Chittenden County with nearby schools including Union Memorial School, Malletts Bay School, and Colchester Middle School.

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