NOT LISTED FOR SALE

62 Intervale Burlington, VT 05401

Old North End Neighborhood

Estimated Value: $513,245 - $723,000

6 Beds
2 Baths
2,080 Sq Ft
$292/Sq Ft Est. Value

Last Sold March 15, 2023

Last sale price $640,000 $308 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $3,931/month

99 Days on Market

Highlights

  • Victorian Architecture
  • Baseboard Heating
  • 2-minute walk to Little Park
  • 1 Car Detached Garage

About This Home

As of March 2023

PRICE REDUCED Now at 8% Projected Cap Rate! Amazing opportunity for investors to own this Burlington Duplex which is fully rented through May 2023 and offers a 7.1% cap rate at current rents. Two 3-bedroom/1-bathroom units with separate utilities, separate off-street parking, a shared backyard, and in-unit laundry make this easy to rent out. There is a 550-square-foot 2-story storage shed that is in excellent condition and is currently rented out for $200/month. The large backyard has a grill and picnic area and gardening space that tenants love. There are also two separate parking areas for each unit. The main house roof (EPDM) was replaced in 2009 and the shed roof was new in 2014. New fixtures, flooring, and appliances were installed throughout both units in 2018-2019. New in 2021 Bosch Greenstar boiler heating system for the upstairs unit. Natural light, lots of windows, and great layouts with extra living space make this an easy rental to great tenants

Last Agent to Sell the Property

Eric Lafayette

Burlington Realty License #081.0133284 Listed on: 10/19/2022

Last Buyer's Agent

Lipkin Audette Team

Coldwell Banker Hickok and Boardman

Coldwell Banker Hickok and Boardman

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,703

Year Built

  • Built in 1899

Lot Details

  • 5,881 Sq Ft Lot
  • Lot Sloped Up

Parking

  • 1 Car Detached Garage

Home Design

  • Victorian Architecture
  • Flat Roof Shape
  • Stone Foundation
  • Wood Frame Construction

Interior Spaces

  • 2 Full Bathrooms
  • 2-Story Property

Basement

  • Interior Basement Entry
  • Dirt Floor

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Gas Meters
  • Operating Expense $10,753
  • Gross Income $58,200
  • Net Operating Income $47,447

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,703

Year Built

Built in 1899

Lot Details

0

Parking

1

Listing Details

  • Status Detail: Closed
  • Style: Victorian
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 307.69
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 2928
  • Sq Ft - Apx Total Finished: 2080
  • Year Built: 1899
  • List Agent: 3622
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Dirt Floor
  • Sq Ft - Apx Finished AG: 2080
  • Sq Ft - Apx Unfinished AG: 200
  • Sq Ft - Apx Unfinished BG: 648

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Aluminum
  • Foundation: Stone
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Flat

Garage/Parking

  • Garage Capacity: 1
  • Garage: Yes
  • Garage Type: Detached

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas - Natural
  • Heating Fuel: Gas - Natural
  • Heating: Baseboard
  • Total Electric Meters: 2
  • Total Gas Meters: 2
  • Total Heat Units: 2
  • Total Ranges: 2
  • Total Refrigerators: 2
  • Total Water Heaters: 2
  • Utilities: Cable

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 5881
  • Lot Acres: 0.135
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: Residential
  • Deed Book: 1319
  • Deed Page: 251-52
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 58200
  • Net Income: 47447
  • Total Full Baths: 2
  • Total Units: 2
  • Total3 Plus Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 7702.52
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2022
Closed on
Mar 14, 2023
Sold by
Purcell Lauren
Bought by
Keefe Nathaniel and White Kevin
Seller's Agent
Eric Lafayette
Burlington Realty
Buyer's Agent
Lipkin Audette Team
Coldwell Banker Hickok and Boardman
List Price
$680,000
Sold Price
$640,000
Premium/Discount to List
-$40,000
-5.88%
Views
130
Current Estimated Value
$607,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$32,189
Avg. Annual Appreciation
-1.87%
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
Keefe Nathaniel $640,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/15/2023 03/15/23 Sold $640,000 -4.3% $308 / Sq Ft
01/26/2023 01/26/23 Pending -- -- --
01/12/2023 01/12/23 Price Changed $669,000 -1.6% $322 / Sq Ft
10/19/2022 10/19/22 For Sale $680,000 +101.2% $327 / Sq Ft
10/21/2016 10/21/16 Sold $338,000 0.0% $163 / Sq Ft View Prior Sale
08/26/2016 08/26/16 Pending -- -- --
08/24/2016 08/24/16 For Sale $338,000 -- $163 / 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 $8,812 $364,600 $119,700 $244,900
2023 $7,704 $364,600 $119,700 $244,900
2022 $7,703 $364,600 $119,700 $244,900
2021 $8,025 $364,600 $116,300 $248,300
2020 $6,598 $214,400 $103,600 $110,800
2019 $6,275 $214,400 $103,600 $110,800
2018 $6,027 $214,400 $103,600 $110,800
2017 $5,343 $200,600 $103,600 $97,000
2016 $5,221 $200,600 $103,600 $97,000
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2023

    Eric Lafayette

    Burlington Realty

    Section Image
  • Lipkin Audette Team

    Buyer's Agent in 2023

    Lipkin Audette Team

    Coldwell Banker Hickok and Boardman

    (802) 846-8800

    102 in this area

    1,106 Total Sales

    Lipkin Audette Team
    Section Image
  • Hank Gintof

    Seller's Agent in 2016

    Hank Gintof

    Signature Properties of Vermont

    (802) 872-8881

    40 Total Sales

    Hank Gintof
    Section Image
See All Agents

Map

Source: PrimeMLS

MLS Number: 4934274

PrimeMLS

APN: (035) 044-3-074-000

Vermont Chittenden County Burlington 05401 Old North End

62 Intervale, Burlington, VT

Not Listed for Sale

MultiFamily

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