NOT LISTED FOR SALE

72 Lafountain St Burlington, VT 05401

Old North End Neighborhood
7 Beds
6 Baths
3,974 Sq Ft
0.29 Acres

Last Sold March 25, 2022

Last sale price $918,400 $231 Per Sq Ft

110 Days on Market

Highlights

  • 0.29 Acre Lot
  • Covered Patio or Porch
  • Board and Batten Siding
  • Bamboo Flooring
  • Balcony
  • High Speed Internet

About This Home

As of March 2022

Attention Investors: This well-maintained 6-unit property in a prime Old North End location is worth a look! This building has had a ton of upgrades, including kitchen updates with granite countertops, gas ranges, and stainless appliances. The exterior was fully repainted in 2017, and the slate roof has been regularly maintained. These bright units feature tin ceilings, wood and tile floors, and well-preserved historic character, plus each unit has access to a covered porch or balcony. Added bonuses such as plenty of off-street parking, and coin-op laundry in the basement make these highly desirable rentals. This location is minutes from Downtown Burlington & Winooski as well as the colleges and hospital. The great location & unique character along with a strong rental history and financials make this an excellent investment opportunity.

Last Agent to Sell the Property

Jessica Bridge

Element Real Estate License #081.0109606 Listed on: 09/16/2021

Last Buyer's Agent

Flex Realty Group

Flex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,753

Year Built

  • Built in 1899

Lot Details

  • 0.29 Acre Lot
  • Partially Fenced Property
  • Lot Sloped Up
  • Historic Home

Home Design

  • Stone Foundation
  • Wood Frame Construction
  • Slate Roof
  • Board and Batten Siding

Interior Spaces

  • 6 Full Bathrooms
  • 2-Story Property

Flooring

  • Bamboo
  • Wood
  • Tile

Unfinished Basement

  • Walk-Up Access
  • Dirt Floor

Parking

  • 6 Car Parking Spaces
  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Utilities

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

Community Details

Overview

  • 6 Units

Building Details

  • 6 Separate Gas Meters
  • Operating Expense $31,774
  • Gross Income $100,440
  • Net Operating Income $68,666

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,753

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Historic Vintage, Multi-Family
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 231.1
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 5961
  • Sq Ft - Apx Total Finished: 3974
  • Year Built: 1899
  • Remarks Public: Attention Investors: This well-maintained 6-unit property in a prime Old North End location is worth a look! This building has had a ton of upgrades, including kitchen updates with granite countertops, gas ranges, and stainless appliances. The exterior was fully repainted in 2017, and the slate roof has been regularly maintained. These bright units feature tin ceilings, wood and tile floors, and well-preserved historic character, plus each unit has access to a covered porch or balcony. Added bonuses such as plenty of off-street parking, and coin-op laundry in the basement make these highly desirable rentals. This location is minutes from Downtown Burlington & Winooski as well as the colleges and hospital. The great location & unique character along with a strong rental history and financials make this an excellent investment opportunity.
  • List Agent: 23550
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Bamboo, Tile, Wood
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Concrete Floor, Dirt Floor, Unfinished
  • Sq Ft - Apx Finished AG: 3974
  • Sq Ft - Apx Unfinished BG: 1987

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Board and Batten
  • Foundation: Stone
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Slate
  • Features Exterior: Balcony, Fence - Partial, Porch - Covered

Garage/Parking

  • Parking: Off Street, Parking Spaces 6+

Utilities

  • Electric: Circuit Breaker(s)
  • Fuel Company: Vermont Gas
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas
  • Heating Fuel: Gas - Natural
  • Heating: Direct Vent
  • Electric Company: Burlington Electric
  • Separate Utilities: Varies
  • Total Electric Meters: 6
  • Total Gas Meters: 6
  • Total Heat Units: 6
  • Total Ranges: 6
  • Total Refrigerators: 6
  • Total Water Heaters: 6
  • Utilities: Cable - Available, High Speed Intrnt -Avail, Telephone Available

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Burlington School District

Lot Info

  • Lot Sq Ft: 12632
  • Lot Acres: 0.29
  • Lot Description: City Lot, Curbing, Sidewalks, Street Lights
  • Surveyed: Unknown
  • Zoning: Residential - Med Density
  • Deed Book: 1166
  • Deed Page: 150-151
  • Deed Recorded Type: Trust

Multi Family

  • Gross Income: 100440
  • Net Income: 68666
  • Total Full Baths: 6
  • Total Units: 6
  • Total1 Bedroom Units: 5
  • Total2 Bedroom Units: 1

Tax Info

  • Tax Year Notes: 21/22
  • Tax Gross Amount: 15752.52
  • Tax Year: 2021

MLS Schools

  • School District: Burlington School District

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 Change Sq Ft Price
03/25/2022 03/25/22 Sold $918,400 -3.3% $231 / Sq Ft
01/04/2022 01/04/22 Pending -- -- --
09/16/2021 09/16/21 For Sale $950,000 -- $239 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jessica Bridge

    Seller's Agent in 2022

    Jessica Bridge

    Element Real Estate

    (802) 233-9817

    8 in this area

    222 Total Sales

    Section Image
  • Flex Realty Group

    Buyer's Agent in 2022

    Flex Realty Group

    Flex Realty

    (802) 399-2860

    22 in this area

    1,769 Total Sales

    Section Image
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Map

Source: PrimeMLS

MLS Number: 4882888

PrimeMLS

APN: (035) 044-1-220-000

Vermont Chittenden County Burlington 05401 Old North End

72 Lafountain St, Burlington, VT

This home is located at 72 Lafountain St, Burlington, VT 05401 since 16 September 2021. This property was built in 1899. 72 Lafountain St is a home located in Chittenden County with nearby schools including Integrated Arts Academy at H.O. Wheeler, Edmunds Middle School, and Burlington Senior High School.

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