NOT LISTED FOR SALE

63 Barre St Montpelier, VT 05602

Estimated Value: $642,112 - $690,000

5 Beds
3 Baths
4,137 Sq Ft
$160/Sq Ft Est. Value

Last Sold March 03, 2022

Last sale price $550,000 $133 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $4,154/month

25 Days on Market

Highlights

  • New Englander Architecture
  • Baseboard Heating
  • Wood Siding
  • Main Street School Rated A-
  • High Speed Internet
  • 1-minute walk to Montpelier City Recreation

About This Home

As of March 2022

This property represents a great investment opportunity right in the heart of Montpelier! Within walking distance of all city amenities, this building is ADA accessible and completely renovated to preserve its historic character. A total rehab of the building was completed when the current owners purchased the property, which took over a year to finish and includes considerable investment into making the barn a fully furnished space with radiant heat flooring. This 4,200 square foot building is fully insulated. With thirteen parking spaces and commercial zoning, it is an ideal place for a dentist office, law firm, or company office space. All aspects of the building were renovated and brought up to code, including electrical upgrades and wiring the building for four units, plumbing for four units, hydronic heating systems, new roof, reinforced and insulated foundation and basement, new boiler, updated fire alarm and sprinkler system, new water line, new insulation, interior ramp for ADA compliance (fully removable), saving the dilapidated barn, and installing leveled plywood through most of the main house first floor by carefully screwing down to the existing original pine floor system to allow future owners the opportunity to have access to the original pine floors. For the highest value, this property could be turned into a four unit multi-family. Properties don’t go on the market in this location and of this value very often, so don’t miss this rare opportunity.

Last Agent to Sell the Property

Krista Harness

Heney Realtors - Element Real Estate (Montpelier) License #082.0134511 Listed on: 11/19/2021

Last Buyer's Agent

Ray Mikus

Green Light Real Estate License #081.0078511

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,246

Year Built

  • Built in 1870

Lot Details

  • 0.31 Acre Lot
  • Lot Sloped Up

Parking

  • Gravel Driveway

Home Design

  • New Englander Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Architectural Shingle Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Connecting Stairway
  • Interior Basement Entry
  • Sump Pump
  • Basement Storage

Schools

  • Union Elementary School
  • Main Street Middle School
  • Montpelier High School

Utilities

  • Baseboard Heating
  • Heating System Uses Oil
  • Electric Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,246

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family, Multi-Level, New Englander
  • Directions: From Main Street turn onto Barre Street and property will be on your right.
  • Flood Zone: Yes
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 132.95
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 5787
  • Sq Ft - Apx Total Finished: 4137
  • Year Built: 1870
  • Remarks Public: This property represents a great investment opportunity right in the heart of Montpelier! Within walking distance of all city amenities, this building is ADA accessible and completely renovated to preserve its historic character. A total rehab of the building was completed when the current owners purchased the property, which took over a year to finish and includes considerable investment into making the barn a fully furnished space with radiant heat flooring. This 4,200 square foot building is fully insulated. With thirteen parking spaces and commercial zoning, it is an ideal place for a dentist office, law firm, or company office space. All aspects of the building were renovated and brought up to code, including electrical upgrades and wiring the building for four units, plumbing for four units, hydronic heating systems, new roof, reinforced and insulated foundation and basement, new boiler, updated fire alarm and sprinkler system, new water line, new insulation, interior ramp for ADA compliance (fully removable), saving the dilapidated barn, and installing leveled plywood through most of the main house first floor by carefully screwing down to the existing original pine floor system to allow future owners the opportunity to have access to the original pine floors. For the highest value, this property could be turned into a four unit multi-family. Properties don’t go on the market in this location and of this value very often, so don’t miss this rare opportunity.
  • List Agent: 285884
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Full, Insulated, Stairs - Interior, Storage Space, Sump Pump, Unfinished
  • Sq Ft - Apx Finished AG: 4137
  • Sq Ft - Apx Unfinished AG: 825
  • Sq Ft - Apx Unfinished BG: 825

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Wood, Wood Siding
  • Foundation: Concrete
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Shingle - Architectural

Utilities

  • Electric: Circuit Breaker(s), On-Site
  • Sewer: Public
  • Water: Public Water - On-Site
  • Water Heater: Electric
  • Heating Fuel: Oil
  • Heating: Baseboard
  • Utilities: Cable - Available, Dsl - Available, High Speed Intrnt -Avail, Telephone Available

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Montpelier School District
  • Elementary School: Union Elementary School
  • Middle School: Main Street Middle School
  • High School: Montpelier High School
  • Elementary School: Union Elementary School
  • High School: Montpelier High School

Lot Info

  • Lot Sq Ft: 13504
  • Lot Acres: 0.31
  • Lot Description: City Lot, Sidewalks
  • Surveyed: Unknown
  • Zoning: Urban Center 2
  • Deed Book: 591
  • Deed Page: 349
  • Deed Recorded Type: Warranty

Multi Family

  • Total Units: 1
  • Total1 Bedroom Units: 2
  • Total2 Bedroom Units: 2
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 10245.8
  • Tax Year: 2021

MLS Schools

  • School District: Montpelier School District
  • School Middle Jr: Main Street 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 List to Sale Price per Sq Ft
03/03/2022 03/03/22 Sold $550,000 -8.2% $133 / Sq Ft
12/14/2021 12/14/21 Pending -- -- --
11/19/2021 11/19/21 For Sale $599,000 -- $145 / 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 $7,830 $530,600 $83,300 $447,300
2023 $6,490 $530,600 $83,300 $447,300
2022 $9,751 $317,100 $34,100 $283,000
2021 $9,797 $317,100 $34,100 $283,000
2020 $9,679 $317,100 $34,100 $283,000
2019 $9,217 $317,100 $34,100 $283,000
2018 $8,868 $317,100 $34,100 $283,000
2016 $8,378 $317,100 $34,100 $283,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4891323

PrimeMLS

APN: 405-126-13067