NOT LISTED FOR SALE

770,772 Us Route 2 Alburgh, VT 05440

16 Beds
8 Baths
10,909 Sq Ft
2.62 Acres

Last Sold November 21, 2013

Last sale price $348,000 $32 Per Sq Ft

152 Days on Market

Highlights

  • 250 Feet of Waterfront
  • Deck
  • Baseboard Heating
  • 2.62 Acre Lot
  • Wood Flooring
  • Wood Siding

About This Home

As of November 2013

Priced below assessment. Incredible investment opportunity! 14 units total. 10 two bedroom units, 2 one bedroom units and 2 three bedroom units. Two buildings, one with 6 units, the other with 8 units. Approx 250 feet of Lake frontage. Road and lake frontage is estimated. Updated septic systems.Rear building is approx 15 years old,front building is approx 100 years old with more recent additions. Currently, rear building is 100% occupied. Front building is still being renovated. Even with only one building full, this property produces solid rental numbers and offers a nice return on your investment.

Last Agent to Sell the Property

Michael Savage

RE/MAX North Professionals License #081.0004487 Listed on: 04/05/2013

RE/MAX North Professionals

Last Buyer's Agent

Michael Savage

RE/MAX North Professionals License #081.0004487 Listed on: 04/05/2013

RE/MAX North Professionals

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 2.62 Acre Lot
  • 250 Feet of Waterfront
  • Lake Front
  • Lot Sloped Up

Home Design

  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Rolled or Hot Mop Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 8 Full Bathrooms
  • 10,909 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Dirt Floor
  • Crawl Space

Parking

  • Gravel Driveway
  • On-Site Parking

Outdoor Features

  • Water Access
  • Deck

Schools

  • Alburgh Community Ed. Center Elementary School
  • Choice High School

Utilities

  • Baseboard Heating
  • Heating System Uses Oil
  • Mound Septic
  • Septic Tank

Community Details

  • 14 Units
  • Gross Income $63,900

Listing and Financial Details

  • Rent includes ground maintenance, hot water, parking, plowing, sewer, snow removal, trash, water

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Directions: North on US Route 2 to South Alburg. Proceed approximately 1/3 mile past the bridge, Buildings on left (lake frontage on right!).
  • Flood Zone: Unknown
  • Assessment Amount: 390900
  • Assessment Year: 2012
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 31.9
  • Property Class: Multi-Family
  • Sq Ft - Apx Total Finished: 10909
  • Year Built: 1900
  • Remarks Public: Priced below assessment. Incredible investment opportunity! 14 units total. 10 two bedroom units, 2 one bedroom units and 2 three bedroom units. Two buildings, one with 6 units, the other with 8 units. Approx 250 feet of Lake frontage. Road and lake frontage is estimated. Updated septic systems.Rear building is approx 15 years old,front building is approx 100 years old with more recent additions. Currently, rear building is 100% occupied. Front building is still being renovated. Even with only one building full, this property produces solid rental numbers and offers a nice return on your investment.
  • List Agent: 12741
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Flooring: Carpet, Hardwood, Laminate, Vinyl
  • Basement: Yes
  • Basement Description: Bulkhead, Crawl Space, Dirt, Full, Slab, Sump Pump
  • Sq Ft - Apx Finished AG: 10909

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel, Right-Of-Way (ROW)
  • Exterior: Aluminum, Composition, Vinyl, Wood
  • Foundation: Concrete, Stone
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Rolled, Shingle - Other
  • Features Exterior: Deck
  • Water Body Access: Owned
  • Water Body Type: Lake
  • Water Frontage Length: 250
  • Waterfront: Yes
  • Water Body Access 2: Yes

Garage/Parking

  • Parking: On-Site

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Mound, Septic
  • Water Heater: Off Boiler
  • Heating Fuel: Oil
  • Heating: Baseboard
  • Trash: Owner

Fee Information

  • Tax Class: Non-Homestead

Schools

  • Elementary School: Alburgh Community Ed. Center
  • High School: Choice
  • Elementary School: Alburgh Community Ed. Center
  • High School: Choice

Lot Info

  • Map: 00
  • Lot: 00
  • Lot Sq Ft: 114127
  • Lot Acres: 2.62
  • Lot Description: Lake Frontage
  • Surveyed: Unknown
  • Deed Book: 00
  • Deed Page: 00
  • Deed Recorded Type: Limited Warranty Deed

Rental Info

  • Rent Includes: Ground Maintenance, Hot Water, Parking, Plowing, Sewer, Snow Removal, Trash, Water

Multi Family

  • Gross Income: 63900
  • Total Full Baths: 8
  • Total Units: 14
  • Total1 Bedroom Units: 2
  • Total2 Bedroom Units: 10
  • Total3 Plus Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 9156.16
  • Tax Year: 2012

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
11/21/2013 11/21/13 Sold $348,000 -13.0% $32 / Sq Ft
09/04/2013 09/04/13 Pending -- -- --
04/05/2013 04/05/13 For Sale $399,900 +73.9% $37 / Sq Ft
01/27/2012 01/27/12 Sold $230,000 -22.9% $21 / Sq Ft
11/10/2011 11/10/11 Pending -- -- --
09/19/2011 09/19/11 For Sale $298,500 -- $27 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Michael Savage

    Seller's Agent in 2013

    Michael Savage

    RE/MAX

    (802) 309-1582

    61 in this area

    123 Total Sales

    Michael Savage
    Section Image

  • D

    Seller's Agent in 2012

    David Chenette

    Chenette Real Estate

    (802) 264-1991

    89 Total Sales

    David Chenette
    Section Image
See All Agents

Map

Source: PrimeMLS

MLS Number: 4227169

PrimeMLS
Vermont Grand Isle County Alburgh 05440

770,772 Us Route 2, Alburgh, VT

This home is located at 770,772 Us Route 2, Alburgh, VT 05440 since 05 April 2013. This property was built in 1900. 770,772 Us Route 2 is a home located in Grand Isle County with nearby schools including Alburgh Community Education Center.

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