NOT LISTED FOR SALE

7 Southerberry Dr Milton, VT 05468

Estimated Value: $466,955

2 Beds
2 Baths
5,000 Sq Ft
$93/Sq Ft Est. Value

Last Sold June 15, 2023

Last sale price $425,000 $85 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,823/month

293 Days on Market

About This Home

As of June 2023

This Turn Key Mixed Use Investment Building Is Perfect For Your Portfolio! Two larger commercial units below totaling almost 3,600 sqft of open and creative space currently leased together as a dance studio but can be separated for greater flexibility very easily when current tenants lease expires. Upstairs you will find two nicely sized and attractive 1BR apartments that are also currently rented and tenant occupied. Both units have their own private storage area for additional storage needs on ground level. Plenty of on site parking and common area parking for many different business opportunities you could explore with a property like this! Solid building and PUD amenities make this investment easy to manage with great numbers even though they are currently under the going market rate. Commercial space in this area goes for around $1.00 per sqft. This zoning district offers a lot of great opportunities for your business while bringing in additional residential rental income! What a great ROI this could be for you! You don't find opportunities like this one very often for this price so take advantage while you can!

Last Agent to Sell the Property

The Signature Realty Group

Signature Properties of Vermont Listed on: 06/14/2022

Last Buyer's Agent

Andrea Hossley

Ridgeline Real Estate

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $6,245

Year Built

  • Built in 2009

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Architectural Shingle Roof
  • Metal Siding
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • 2-Story Property

Parking

  • Shared Driveway
  • Paved Parking

Utilities

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

Community Details

Overview

  • Master Insurance
  • 4 Units
  • Planned Unit Development

Amenities

  • Common Area

Recreation

  • Snow Removal

Building Details

  • 4 Separate Gas Meters
  • Gross Income $48,600

Property Details

Home Type

Apartment

Est. Annual Taxes

$6,245

Year Built

Built in 2009

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building
  • Footprint: 60 x 60
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 85
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 5200
  • Sq Ft - Apx Total Finished: 5000
  • Year Built: 2009
  • List Agent: 288481
  • 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

  • Sq Ft - Apx Finished AG: 5000
  • Sq Ft - Apx Unfinished AG: 200

Exterior Features

  • Construction: Wood Frame
  • Driveway: Common/Shared, Paved
  • Exterior: Metal, Vinyl
  • Foundation: Slab w/ Frost Wall
  • Road Frontage: TBD
  • Roads: Association, Public, Shared, Privately Maintained
  • Roof: Shingle - Architectural
  • Easements: Unknown

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Tank
  • Heating Fuel: Gas - Natural
  • Heating: Forced Air, Monitor Type
  • Total Electric Meters: 4
  • Total Gas Meters: 4
  • Total Heat Units: 3
  • Total Ranges: 2
  • Total Refrigerators: 2
  • Total Water Heaters: 3
  • Utilities: Internet - Cable

Condo/Co-op/Association

  • Association Amenities: Master Insurance, Snow Removal, Common Acreage, Trash Removal

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Description: PRD/PUD
  • Surveyed: Unknown
  • Zoning: M4-C
  • Deed Recorded Type: Deed to be Obtained

Multi Family

  • Gross Income: 48600
  • Total Full Baths: 2
  • Total Units: 4
  • Total1 Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 6244.83
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2022
Closed on
Jun 15, 2023
Sold by
Southerly Side Of Route 7 Llc
Bought by
Trish Tanish Next Generation Llc
Seller's Agent
The Signature Realty Group
Signature Properties of Vermont
Buyer's Agent
Andrea Hossley
Ridgeline Real Estate
List Price
$500,000
Sold Price
$425,000
Premium/Discount to List
-$75,000
-15%
Views
327
Current Estimated Value
$466,955

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,955
Avg. Annual Appreciation
3.67%
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
Trish Tanish Next Generation Llc $425,000 --
Trish Tanish Next Generation Llc $425,000 --
Trish Tanish Next Generation Llc $425,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2023 06/15/23 Sold $425,000 -5.5% $85 / Sq Ft
04/03/2023 04/03/23 Pending -- -- --
03/08/2023 03/08/23 Price Changed $449,900 -2.2% $90 / Sq Ft
02/03/2023 02/03/23 Price Changed $459,900 -3.2% $92 / Sq Ft
12/29/2022 12/29/22 Price Changed $475,000 -5.0% $95 / Sq Ft
06/14/2022 06/14/22 For Sale $500,000 -- $100 / Sq Ft
Source: PrimeMLS

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 $4,726 $444,700 $0 $444,700
2023 $4,726 $444,700 $0 $444,700
2022 $8,060 $444,700 $0 $444,700
2021 $6,245 $260,800 $0 $260,800
2020 $5,973 $260,800 $0 $260,800
2019 $5,740 $260,800 $0 $260,800
2018 $5,608 $0 $0 $0
2017 $5,399 $260,800 $0 $0
2016 $5,217 $260,800 $0 $0
2015 -- $2,608 $0 $0
2014 -- $2,608 $0 $0
2013 -- $2,608 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4915486

PrimeMLS

APN: (123) 207014.001003