NOT LISTED FOR SALE

770,772 Us Route 2 Alburgh, VT 05440

Alburgh Area
16 Beds
8 Baths
10,909 Sq Ft
2.62 Acre Lot

Sale Details

Date 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
  • Slab 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

2.62 Acres

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
  • 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

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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
11/10/2011 11/10/11 Pending -- -- --
09/19/2011 09/19/11 For Sale $298,500 -- $27 / Sq Ft
Source: PrimeMLS

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Map

Source: PrimeMLS

MLS Number: 4227169

PrimeMLS
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