NOT LISTED FOR SALE

79 Spruce St Burlington, VT 05401

South End Neighborhood

Estimated Value: $588,107 - $773,000

7 Beds
4 Baths
2,601 Sq Ft
$271/Sq Ft Est. Value

Last Sold November 27, 2017

Last sale price $483,000 $186 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $4,936/month

378 Days on Market

Highlights

  • Wood Flooring
  • Garden
  • Wood Siding

About This Home

As of November 2017

Great Opportunity! Multifamily investment property with proven rental history located in the coveted Burlington's Hill Section. Minutes from the Burlington water front, area colleges, universities and UVM Medical Center hospital. With many recent improvements this property would be an excellent addition to any investor or owner's portfolio!

Last Agent to Sell the Property

Brian Armstrong

KW Vermont License #081.0004255 Listed on: 09/09/2016

KW Vermont

Last Buyer's Agent

Charles Burns

BHHS Vermont Realty Group/Burlington

BHHS Vermont Realty Group/Burlington

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,513

Year Built

  • Built in 1885

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Sloped Up
  • Garden

Home Design

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

Interior Spaces

  • 4 Full Bathrooms
  • 2,601 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Carpet
  • Vinyl

Unfinished Basement

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

Parking

  • Gravel Driveway
  • Paved Parking

Schools

  • Edmunds Elementary School
  • Edmunds Middle School

Utilities

  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • 220 Volts
  • 100 Amp Service
  • Natural Gas Water Heater

Community Details

Overview

  • 3 Units

Building Details

  • 4 Separate Gas Meters
  • Gross Income $55,320

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,513

Year Built

Built in 1885

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Status Detail: Closed
  • Development Subdivision: None (Bur)
  • Directions: Main St to S. Winooski, S on S. Winooski left onto Spruce, House on Right.
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 185.7
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3897
  • Sq Ft - Apx Total Finished: 2601
  • Year Built: 1885
  • List Agent: 3481
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Hardwood, Vinyl
  • Total Rooms Above Ground: 14
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Full, Unfinished
  • Sq Ft - Apx Finished AG: 2601
  • Sq Ft - Apx Unfinished BG: 1296

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel, Paved
  • Exterior: Vinyl, Wood
  • Foundation: Concrete, Stone
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Rolled, Shingle - Architectural
  • Features Exterior: Garden Space

Utilities

  • Cable Company: BTC, Comcast
  • Electric: 100 Amp, 220 Plug, Circuit Breaker(s)
  • Fuel Company: Vt Gas
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric, Gas - Natural
  • Heating Fuel: Gas - Natural
  • Heating: Gas Heater - Vented, Individual
  • Cooling: Individual
  • Electric Company: BED
  • Phone Company: Fairpoint, BTC
  • Separate Utilities: Varies
  • Total Electric Meters: 5
  • Total Gas Meters: 4

Condo/Co-op/Association

  • Management Company: Owner

Fee Information

  • Tax Class: Non-Homestead

Schools

  • Elementary School: Edmunds Elementary School

Lot Info

  • Lot Sq Ft: 6098
  • Lot Acres: 0.14
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: Medium Density
  • Deed Book: 641
  • Deed Page: 526
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 55320
  • Total Full Baths: 4
  • Total Units: 3
  • Total1 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 9513
  • Tax Year: 2015

MLS Schools

  • School Middle Jr: Edmunds Middle School

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 List to Sale Price per Sq Ft
11/27/2017 11/27/17 Sold $483,000 -19.1% $186 / Sq Ft
09/22/2017 09/22/17 Pending -- -- --
09/09/2016 09/09/16 For Sale $597,000 -- $230 / Sq Ft
Source: PrimeMLS

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 $15,604 $645,600 $218,800 $426,800
2023 $13,642 $645,600 $218,800 $426,800
2022 $13,577 $645,600 $218,800 $426,800
2021 $13,897 $645,600 $218,800 $426,800
2020 $12,348 $410,800 $167,800 $243,000
2019 $9,307 $410,800 $167,800 $243,000
2018 $12,238 $410,800 $167,800 $243,000
2017 $12,236 $459,400 $167,800 $291,600
2016 $11,956 $459,400 $167,800 $291,600
2015 -- $3,754 $0 $0
2014 -- $3,754 $0 $0
2013 -- $3,754 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2017

    Brian Armstrong

    KW Vermont

    (802) 598-3190

    2 in this area

    218 Total Sales

    Brian Armstrong
    Section Image
  • Charles Burns

    Buyer's Agent in 2017

    Charles Burns

    BHHS Vermont Realty Group/Burlington

    (802) 658-5515

    2 in this area

    16 Total Sales

    Charles Burns
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4514717

PrimeMLS

APN: (035) 049-4-088-000

Vermont Chittenden County Burlington 05401 South End

79 Spruce St, Burlington, VT

Not Listed for Sale

MultiFamily

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