NOT LISTED FOR SALE

76 Vermont 100c Johnson, VT 05656

Estimated Value: $305,000 - $400,000

6 Beds
3 Baths
2,225 Sq Ft
$158/Sq Ft Est. Value

Last Sold April 17, 2019

Last sale price $190,000 $85 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $2,274/month

41 Days on Market

Highlights

  • Antique Architecture
  • Forced Air Heating System
  • Walk-Up Access
  • Wood Flooring
  • Wood Siding

About This Home

As of April 2019

Start or add to your investment portfolio with this newly updated three-unit property with the option for a brand-new construction of a fourth unit. You'll love the potential of a cash on cash return of 25% with a CAP rate of 11%. With (1) one bedroom, (2) two bedroom units, this property has spacial options for everyone! It is the perfect owner-occupied property with the one bedroom unit offering a separate entrance on the opposite side of the building or a great investment opportunity to earn income from three separate units (with the choice to add a fourth). The property has separate fuel tanks and electric meters saving you the expense of covering this as the owner! With newly updated windows, a new hot air heating system, and Rinnai heaters in two of the units, tenants stay comfortable and warm during the long Vermont winters. Looking for a little more land? The sale of this property is for the building and .2 acres , it does not include the lot. At this price the property will be conveyed as a 3 unit property. For a purchase price of $200K an additional 1 BR APT will be completed in the attached garage. This offers the potential of a 35% cash on cash return. There is an additional .1 acre lot behind this property that can be added to the purchase. This additional lot has already been zoned for a 3-bedroom house or 3 (1) bedroom units for even more investment potential!

Last Agent to Sell the Property

Ashley St. Gelais

Preferred Properties Brokerage Phone: 802-862-9106 License #082.0117313 Listed on: 02/01/2019

Last Buyer's Agent

Trombley & Day Group

BHHS Vermont Realty Group/Morrisville-Stowe License #081.0004093

BHHS Vermont Realty Group/Morrisville-Stowe

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,742

Year Built

  • Built in 1877

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Sloped Up

Home Design

  • Antique Architecture
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 3 Full Bathrooms
  • 2-Story Property

Flooring

  • Wood
  • Carpet
  • Laminate

Basement

  • Walk-Up Access
  • Dirt Floor

Parking

  • Gravel Driveway
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • Space Heater
  • Heating System Uses Gas
  • Separate Meters
  • Electric Water Heater
  • Phone Available

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Gas Meters
  • Gross Income $27,600

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,742

Year Built

Built in 1877

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Antique, Apartment Building
  • Directions: Turn left off of Route 15 heading towards Morrisville. The property is on the right, with a sign with red trim and a front porch with a chimney.
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 85.39
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 2705
  • Sq Ft - Apx Total Finished: 2225
  • Year Built: 1877
  • List Agent: 26065
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Laminate, Wood
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Dirt Floor
  • Sq Ft - Apx Finished AG: 2225
  • Sq Ft - Apx Unfinished AG: 480

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Wood Siding
  • Foundation: Stone
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Metal, Shingle - Asphalt

Garage/Parking

  • Parking: Off Street

Utilities

  • Electric: On-Site
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Heating Fuel: Gas - LP/Bottle
  • Heating: Forced Air, Space Heater
  • Separate Utilities: Yes
  • Total Electric Meters: 3
  • Total Gas Meters: 3
  • Total Heat Units: 3
  • Total Ranges: 3
  • Total Refrigerators: 3
  • Total Water Heaters: 3
  • Utilities: Phone

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 8712
  • Lot Acres: 0.2
  • Lot Description: City Lot
  • Zoning: No zoning.
  • Deed Book: 139
  • Deed Page: 528
  • Deed Recorded Type: Limited Warranty Deed

Multi Family

  • Gross Income: 27600
  • Total Full Baths: 3
  • Total Units: 3
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Taxes TBD: Yes
  • Tax Gross Amount: 4741.89
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 13, 2005
Sold by
Dunham Michael
Bought by
Pratt Scott
Current Estimated Value
$352,190
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Purchase History

Date Buyer Sale Price Title Company
Pratt Scott $132,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/17/2019 04/17/19 Sold $190,000 +8.6% $85 / Sq Ft
03/14/2019 03/14/19 Pending -- -- --
02/01/2019 02/01/19 For Sale $175,000 -- $79 / 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 $5,415 $193,200 $20,100 $173,100
2023 $2,997 $193,200 $20,100 $173,100
2022 $4,586 $193,200 $20,100 $173,100
2021 $4,755 $193,200 $20,100 $173,100
2020 $4,752 $193,200 $20,100 $173,100
2019 $4,624 $185,100 $52,300 $132,800
2018 $4,394 $185,100 $52,300 $132,800
2017 $4,082 $185,100 $52,300 $132,800
2016 $3,540 $163,800 $35,900 $127,900
2015 -- $1,638 $0 $0
2014 -- $1,554 $0 $0
2013 -- $1,653 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4735034

PrimeMLS

APN: 336-104-10335