NOT LISTED FOR SALE

Estimated Value: $553,428 - $601,000

5 Beds
2 Baths
1,742 Sq Ft
$331/Sq Ft Est. Value

Last Sold May 19, 2023

Last sale price $510,000 $293 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $3,967/month

8 Days on Market

About This Home

As of May 2023

Invest in Burlington! This 5-bedroom duplex is perfect for an owner-occupier or investor. Less than a block to Battery Park and easy access to the bike path, Lake Champlain waterfront, and Church Street. The first-floor apartment, currently vacant, offers 3 bedrooms, hardwood floors, an enclosed porch, and has been freshly painted. The kitchen and bathroom are awaiting your renovations. The upstairs unit has been updated and offers a spacious 2-bedroom unit with an enclosed porch. Tenants pay their own heat, hot water, and electric. Storage in basement and laundry hook-ups for both units. Some off-street parking plus a cozy, easy to maintain yard. Situated on a one-way street with plenty of street parking.

Last Agent to Sell the Property

Lipkin Audette Team

Coldwell Banker Hickok and Boardman Listed on: 03/13/2023

Coldwell Banker Hickok and Boardman

Last Buyer's Agent

Jess Kerns

KW Vermont License #082.0094820

KW Vermont

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,636

Year Built

  • Built in 1899

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Sloped Up

Parking

  • Gravel Driveway

Home Design

  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Slate Roof
  • Clap Board Siding
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • 2-Story Property
  • Unfinished Basement
  • Interior Basement Entry

Utilities

  • Heating System Uses Natural Gas
  • Water Heater
  • High Speed Internet

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Gas Meters
  • Operating Expense $14,101
  • Gross Income $53,400
  • Net Operating Income $39,299

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,636

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Directions: From North Street turn onto Park Street, property is on the right, third from the end.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 292.77
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 2522
  • Sq Ft - Apx Total Finished: 1742
  • Year Built: 1899
  • Remarks Public: Invest in Burlington! This 5-bedroom duplex is perfect for an owner-occupier or investor. Less than a block to Battery Park and easy access to the bike path, Lake Champlain waterfront, and Church Street. The first-floor apartment, currently vacant, offers 3 bedrooms, hardwood floors, an enclosed porch, and has been freshly painted. The kitchen and bathroom are awaiting your renovations. The upstairs unit has been updated and offers a spacious 2-bedroom unit with an enclosed porch. Tenants pay their own heat, hot water, and electric. Storage in basement and laundry hook-ups for both units. Some off-street parking plus a cozy, easy to maintain yard. Situated on a one-way street with plenty of street parking.
  • List Agent: 282798
  • Unique Disclaimer: The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the PrimeMLS.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Unfinished
  • Sq Ft - Apx Finished AG: 1742
  • Sq Ft - Apx Unfinished BG: 780

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Clapboard, Vinyl
  • Foundation: Brick, Stone
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Slate

Utilities

  • Electric: Circuit Breaker(s)
  • Fuel Company: VT Gas
  • Sewer: Public
  • Water: Public
  • Water Heater: Owned
  • Heating Fuel: Gas - Natural
  • Heating: Hot Air
  • Electric Company: Burlington Electric
  • Total Electric Meters: 2
  • Total Gas Meters: 2
  • Utilities: High Speed Intrnt -Avail

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 2614
  • Lot Acres: 0.06
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: RM
  • Deed Book: 1092
  • Deed Page: 569-570
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 53400
  • Net Income: 39299
  • Total Full Baths: 2
  • Total Units: 2
  • Total2 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Year Notes: 2022-2023
  • Tax Gross Amount: 8636.28
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2023
Closed on
May 19, 2023
Sold by
65-67 Park Street Llc
Bought by
Donnelly Michael B
Seller's Agent
Lipkin Audette Team
Coldwell Banker Hickok and Boardman
Buyer's Agent
Jess Kerns
KW Vermont
List Price
$499,000
Sold Price
$510,000
Premium/Discount to List
$11,000
2.2%
Views
87
Current Estimated Value
$577,107

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,107
Avg. Annual Appreciation
3.08%
Source: Public Records

Range of Values:

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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
Donnelly Michael B $510,000 --
Donnelly Michael B $510,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2023 05/19/23 Sold $510,000 +2.2% $293 / Sq Ft
03/21/2023 03/21/23 Pending -- -- --
03/13/2023 03/13/23 For Sale $499,000 -- $286 / 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 $9,881 $408,800 $101,500 $307,300
2023 $8,638 $408,800 $101,500 $307,300
2022 $8,636 $408,800 $101,500 $307,300
2021 $8,998 $408,800 $101,500 $307,300
2020 $7,340 $238,500 $91,500 $147,000
2019 $6,981 $238,500 $91,500 $147,000
2018 $6,704 $238,500 $91,500 $147,000
2017 $6,352 $238,500 $91,500 $147,000
2016 $6,207 $238,500 $91,500 $147,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4945444

PrimeMLS

APN: (035) 044-2-045-000