NOT LISTED FOR SALE

71 Elmwood Ave Burlington, VT 05401

Old North End Neighborhood
-- Bed
-- Bath
9,597 Sq Ft
6,599 Sq Ft Lot

Last Sold October 21, 2021

Last sale price $1,949,000 $203 Per Sq Ft

411 Days on Market

Highlights

  • Corner Lot
  • Heating System Uses Steam
  • Vinyl Flooring
  • 1 Car Attached Garage
  • High Speed Internet

About This Home

As of October 2021

Rare opportunity to purchase a well maintained two building 18 apartment rental unit in downtown Burlington close to lake, shopping, colleges, and hospital. If you're looking for an investment property, don't miss this, as the building has been fully insulated by VT Gas in 2019 along with a long list of other recent improvements.

Last Agent to Sell the Property

Don Marcelino

The Marcelino Team License #081.0002250 Listed on: 04/17/2020

Last Buyer's Agent

Jeffrey Amato

Vermont Real Estate Company License #082.0113712

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $26,242

Year Built

  • Built in 1899

Lot Details

  • 6,599 Sq Ft Lot
  • Corner Lot
  • Lot Sloped Up

Parking

  • 1 Car Attached Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 3-Story Property
  • Vinyl Flooring
  • Partially Finished Basement
  • Interior Basement Entry

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Gas Available
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

Overview

  • 18 Units

Building Details

  • Operating Expense $59,525
  • Gross Income $212,220
  • Net Operating Income $152,695

Property Details

Home Type

Apartment

Est. Annual Taxes

$26,242

Year Built

Built in 1899

Lot Details

0

Parking

1

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building
  • Directions: From Pearl St. take Elmwood Ave north, property will be on left on corner of Peru St.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 203.08
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 15698
  • Sq Ft - Apx Total Finished: 10240
  • Year Built: 1899
  • Remarks Public: Rare opportunity to purchase a well maintained two building 18 apartment rental unit in downtown Burlington close to lake, shopping, colleges, and hospital. If you're looking for an investment property, don't miss this, as the building has been fully insulated by VT Gas in 2019 along with a long list of other recent improvements.
  • List Agent: 22785
  • L O1 Homesnapcom: Yes
  • S O1 Homesnapcom: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Flooring: Vinyl
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Partially Finished
  • Sq Ft - Apx Finished AG: 9597
  • Sq Ft - Apx Finished BG: 643
  • Sq Ft - Apx Unfinished AG: 3008
  • Sq Ft - Apx Unfinished BG: 2450

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Foundation: Brick, Stone
  • Road Frontage: TBD
  • Roads: Public
  • Roof: Shingle
  • Easements: Unknown

Garage/Parking

  • Garage Capacity: 1
  • Parking: Driveway, Off Street
  • Garage: Yes
  • Garage Type: Attached

Utilities

  • Electric: Circuit Breaker(s)
  • Fuel Company: VT Gas
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas - Natural, Owned, Tank
  • Heating Fuel: Gas - Natural
  • Heating: Hot Air, Steam
  • Electric Company: BED
  • Separate Utilities: Varies
  • Utilities: Cable - Available, Gas - On-Site, Internet - Cable

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Burlington School District

Lot Info

  • Lot Sq Ft: 6599
  • Lot Acres: 0.1515
  • Lot Description: City Lot, Corner
  • Surveyed: Unknown
  • Zoning: Residential-high density
  • Deed Book: 1423
  • Deed Page: 262
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 212220
  • Net Income: 152695
  • Total Units: 18
  • Total1 Bedroom Units: 15
  • Total2 Bedroom Units: 3

Tax Info

  • Tax Year Notes: 20/21
  • Tax Gross Amount: 26241.84
  • Tax Year: 2020

MLS Schools

  • School District: Burlington School District

Range of Values:

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Average Value
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Sold Price
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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
10/21/2021 10/21/21 Sold $1,949,000 0.0% $190 / Sq Ft
05/10/2021 05/10/21 Pending -- -- --
04/21/2021 04/21/21 For Sale $1,949,000 0.0% $190 / Sq Ft
04/02/2021 04/02/21 Pending -- -- --
03/29/2021 03/29/21 For Sale $1,949,000 0.0% $190 / Sq Ft
03/15/2021 03/15/21 Pending -- -- --
01/22/2021 01/22/21 Price Changed $1,949,000 -4.9% $190 / Sq Ft
07/16/2020 07/16/20 Price Changed $2,050,000 -4.7% $200 / Sq Ft
03/25/2020 03/25/20 For Sale $2,150,000 +95.5% $210 / Sq Ft
11/09/2018 11/09/18 Sold $1,100,000 -24.1% $107 / Sq Ft
09/04/2018 09/04/18 Pending -- -- --
07/13/2018 07/13/18 For Sale $1,450,000 -- $142 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Don Marcelino

    Seller's Agent in 2021

    Don Marcelino

    The Marcelino Team

    (802) 846-8460

    5 in this area

    53 Total Sales

    Don Marcelino
    Section Image
  • Jeffrey Amato

    Buyer's Agent in 2021

    Jeffrey Amato

    Vermont Real Estate Company

    (860) 614-0722

    4 in this area

    125 Total Sales

    Jeffrey Amato
    Section Image
  • Steve Lipkin

    Seller's Agent in 2018

    Steve Lipkin

    Coldwell Banker Hickok and Boardman

    (802) 846-9520

    Steve Lipkin
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4801559

PrimeMLS

APN: (035) 044-4-051-000

Vermont Chittenden County Burlington 05401 Old North End

71 Elmwood Ave, Burlington, VT

This home is located at 71 Elmwood Ave, Burlington, VT 05401 since 17 April 2020. This property was built in 1899. 71 Elmwood Ave is a home located in Chittenden County with nearby schools including Sustainability Academy at Lawrence Barnes, Lyman C. Hunt Middle School, and Burlington Senior High School.

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