NOT LISTED FOR SALE

73 Bayview St Newport, VT 05855

Estimated Value: $196,820 - $214,000

6 Beds
3 Baths
3,720 Sq Ft
$55/Sq Ft Est. Value

Last Sold October 27, 2020

Last sale price $129,000 $35 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $1,409/month

475 Days on Market

Highlights

  • Water Views
  • Enclosed Patio or Porch
  • Wood Siding
  • Wood Flooring
  • High Speed Internet
  • 2-minute walk to Newport Parks & Recreation

About This Home

As of October 2020

Welcome to 73 Bayview St. in Newport, VT. This Profitable 3-Unit apartment building has excellent rental history that nets out $14K+ annually/12%+ return. Great investment opportunity with this nicely maintained and renovated multifamily home. This property has numerous energy efficient updates and is low maintenance. Improvements include vinyl windows throughout, plumbing, hard wired smoke detectors, fresh exterior paint, etc. Each unit pays their own heat & electric with their own propane direct vent heating units and separate electric meters (1 meter for common areas). All units have their own floor, have all been remodeled and are very spacious. Unit #1 is a 2 bed & 1 bath ground level unit with an enclosed porch, Unit #2 has 2 bed & 1.5 bath on the 2nd floor with an enclosed porch and Unit 3 is a 2 bed & 1 bath on the 3rd floor. Apartments #1 & 2 have beautiful hardwood floors, kitchen appliances are included in all units and washer/dryer hook-ups in each unit. Located on a dead-end street in a convenient location, walking distance to amenities in downtown Newport and offering partial views of Lake Memphremagog. For more information contact the listing agent, Ryan Pronto at Jim Campbell Real Estate (802)274-9149.

Last Agent to Sell the Property

Ryan Pronto

Jim Campbell Real Estate License #081.0063392 Listed on: 05/14/2019

Last Buyer's Agent

Russell Ingalls

RE/MAX All Seasons Realty - Lyndonville License #081.0087409

RE/MAX All Seasons Realty - Lyndonville

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Sloped Up

Home Design

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

Interior Spaces

  • 3 Full Bathrooms
  • 2.5-Story Property
  • Water Views

Flooring

  • Wood
  • Carpet
  • Laminate

Basement

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

Parking

  • 5 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Assigned Parking

Outdoor Features

  • Enclosed Patio or Porch

Schools

  • Newport City Elementary School
  • North Country Junior High
  • North Country Union High Sch

Utilities

  • Heating System Uses Gas
  • Heating System Mounted To A Wall or Window
  • Separate Meters
  • Separate Water Meter
  • Oil Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Gas Meters
  • Operating Expense $9,480
  • Gross Income $24,900
  • Net Operating Income $13,878

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family, Multi-Level
  • Directions: On Main Street Newport, turn onto Bayview St (adjacent to Family Dollar). This property is #73, towards the end on the left.
  • Construction: Existing
  • Total Stories: 2.5
  • Price Per Sq Ft: 34.68
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 5528
  • Sq Ft - Apx Total Finished: 3720
  • Property Type: Multi-Family
  • Year Built: 1900
  • Remarks Public: Welcome to 73 Bayview St. in Newport, VT. This Profitable 3-Unit apartment building has excellent rental history that nets out $14K+ annually/12%+ return. Great investment opportunity with this nicely maintained and renovated multifamily home. This property has numerous energy efficient updates and is low maintenance. Improvements include vinyl windows throughout, plumbing, hard wired smoke detectors, fresh exterior paint, etc. Each unit pays their own heat & electric with their own propane direct vent heating units and separate electric meters (1 meter for common areas). All units have their own floor, have all been remodeled and are very spacious. Unit #1 is a 2 bed & 1 bath ground level unit with an enclosed porch, Unit #2 has 2 bed & 1.5 bath on the 2nd floor with an enclosed porch and Unit 3 is a 2 bed & 1 bath on the 3rd floor. Apartments #1 & 2 have beautiful hardwood floors, kitchen appliances are included in all units and washer/dryer hook-ups in each unit. Located on a dead-end street in a convenient location, walking distance to amenities in downtown Newport and offering partial views of Lake Memphremagog.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Flooring: Carpet, Hardwood, Laminate
  • Total Rooms Above Ground: 15
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Full, Stairs - Interior
  • Sq Ft - Apx Finished AG: 3720
  • Sq Ft - Apx Unfinished AG: 360
  • Sq Ft - Apx Unfinished BG: 1448

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Wood Siding
  • Foundation: Granite
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt
  • Features Exterior: Porch - Enclosed
  • Water Body Type: Lake
  • Water Body Name 2: Memphremagog Lake
  • Water View: Yes

Garage/Parking

  • Parking: Assigned, Driveway, Parking Spaces 5, Paved

Utilities

  • Electric: Circuit Breaker(s)
  • Fuel Company: Freds Energy
  • Sewer: Public
  • Water: Metered, Public
  • Water Heater: Oil
  • Heating Fuel: Gas - LP/Bottle
  • Heating: Direct Vent, Gas Heater - Vented, Wall Units
  • Electric Company: VT Electric Co-Op
  • Separate Utilities: Yes
  • Total Electric Meters: 4
  • Total Gas Meters: 3
  • Total Heat Units: 6
  • Total Ranges: 3
  • Total Refrigerators: 3
  • Total Water Heaters: 1
  • Trash: Cans
  • Utilities: Cable - Available, Internet - Cable

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Orleans Essex North
  • Elementary School: Newport City Elementary
  • Middle School: North Country Junior High
  • High School: North Country Union High Sch
  • Elementary School: Newport City Elementary
  • High School: North Country Union High Sch

Lot Info

  • Lot Sq Ft: 5663
  • Lot Acres: 0.13
  • Lot Description: City Lot, Sidewalks
  • Surveyed: Unknown
  • Zoning: Newport
  • Deed Book: 227
  • Deed Page: 181-182
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 24900
  • Net Income: 13878
  • Total Full Baths: 3
  • Total Units: 3
  • Total2 Bedroom Units: 3

Tax Info

  • Tax Year Notes: 2019-2020
  • Tax Gross Amount: 3807.46
  • Tax Year: 2020

MLS Schools

  • School District: Orleans Essex North
  • School Middle Jr: North Country Junior High

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
10/27/2020 10/27/20 Sold $129,000 -0.7% $35 / Sq Ft
08/31/2020 08/31/20 Pending -- -- --
05/14/2019 05/14/19 For Sale $129,900 +29.9% $35 / Sq Ft
03/16/2015 03/16/15 Sold $100,000 -9.0% $24 / Sq Ft
01/15/2015 01/15/15 Pending -- -- --
01/12/2015 01/12/15 For Sale $109,900 +15.7% $26 / Sq Ft
02/10/2014 02/10/14 Sold $95,000 -20.8% $32 / Sq Ft
10/13/2013 10/13/13 Pending -- -- --
06/26/2013 06/26/13 For Sale $119,900 -- $40 / 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 $3,860 $129,400 $16,900 $112,500
2023 $3,860 $129,400 $16,900 $112,500
2022 $3,860 $129,400 $16,900 $112,500
2021 $3,941 $129,400 $16,900 $112,500
2020 $3,919 $129,400 $16,900 $112,500
2019 $3,807 $129,400 $16,900 $112,500
2018 $3,740 $129,400 $16,900 $112,500
2016 $2,803 $93,400 $12,300 $81,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4751452

PrimeMLS

APN: 435-136-14466