NOT LISTED FOR SALE

83 Inn Rd Shoreham, VT 05770

Estimated Value: $233,000 - $1,052,000

7 Beds
3 Baths
4,158 Sq Ft
$153/Sq Ft Est. Value

Last Sold September 30, 2020

Last sale price $160,000 $38 Per Sq Ft

Est. 298% increase in value since last sale

Current estimated payment $3,978/month

1,799 Days on Market

Highlights

  • Barn
  • Pond
  • Wood Flooring
  • 3 Acre Lot
  • Wooded Lot
  • Enclosed Patio or Porch

About This Home

As of September 2020

Selling for $100,000 below town assessment, this classic building contains three very spacious apartments. Numerous updates include rewiring and bringing the building up to Vermont's stringent fire code, new trim and paint, new windows, newer siding, and some new appliances and bathroom fixtures. Separate meters for each apartment; tenants in apartment 3 pay for their own heat. Property includes a barn and two single car garages, not to mention three acres of park-like grounds and close proximity to the Shoreham Inn, Platt Library, school, and more. Bonus: Town water and sewer. Vermont's rental market is strong, and it would not be hard to be cashflow positive from Day One with this investment. Note showings temporarily halted; we will resume May 15.

Last Agent to Sell the Property

Jeff Olson

BHHS Vermont Realty Group/Middlebury License #081.0128880 Listed on: 08/07/2015

BHHS Vermont Realty Group/Middlebury

Last Buyer's Agent

Courtney DeBisschop

IPJ Real Estate License #081.0004195

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1847

Lot Details

  • 3 Acre Lot
  • Level Lot
  • Wooded Lot

Parking

  • 3 Car Detached Garage
  • Gravel Driveway

Home Design

  • Converted Dwelling
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Slate Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property

Flooring

  • Wood
  • Laminate

Unfinished Basement

  • Walk-Out Basement
  • Connecting Stairway

Outdoor Features

  • Pond
  • Enclosed Patio or Porch

Schools

  • Shoreham Elementary School
  • Middlebury Union Middle #3
  • Middlebury Senior Uhsd #3 High School

Farming

  • Barn

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Water Heater
  • Phone Available

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $15,313
  • Gross Income $22,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1847

Lot Details

0

Parking

3

Listing Details

  • Status Detail: Closed
  • Style: Conversion
  • Directions: From 22A, head west on Main St. (Route 74). Building on the right just before the Shoreham Inn.
  • Assessment Amount: 351400
  • Assessment Year: 2013
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 38.48
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 6358
  • Sq Ft - Apx Total Finished: 4158
  • Property Type: Multi-Family
  • Year Built: 1847
  • Remarks Public: Selling for $100,000 below town assessment, this classic building contains three very spacious apartments. Numerous updates include rewiring and bringing the building up to Vermont's stringent fire code, new trim and paint, new windows, newer siding, and some new appliances and bathroom fixtures. Separate meters for each apartment; tenants in apartment 3 pay for their own heat. Property includes a barn and two single car garages, not to mention three acres of park-like grounds and close proximity to the Shoreham Inn, Platt Library, school, and more. Bonus: Town water and sewer. Vermont's rental market is strong, and it would not be hard to be cashflow positive from Day One with this investment. Note showings temporarily halted; we will resume May 15.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Hardwood, Laminate
  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Gravel, Stairs - Exterior, Stairs - Interior, Unfinished
  • Sq Ft - Apx Finished AG: 4158
  • Sq Ft - Apx Unfinished BG: 2200

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Vinyl
  • Foundation: Stone
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle - Asphalt, Slate
  • Features Exterior: Barn, Porch - Covered, Porch - Enclosed

Garage/Parking

  • Garage Capacity: 3
  • Parking: Garage, Parking Spaces 6+
  • Garage: Yes
  • Garage Type: Detached

Utilities

  • Fuel Company: MacIntyre
  • Sewer: Public
  • Water: Community
  • Water Heater: Domestic
  • Heating Fuel: Gas - LP/Bottle, Oil
  • Heating: Gas Heater - Vented, Hot Water
  • Electric Company: Green Mountain Power
  • Phone Company: OTT Communications
  • Separate Utilities: Varies
  • Total Electric Meters: 3
  • Total Heat Units: 2
  • Total Ranges: 3
  • Total Refrigerators: 3
  • Total Water Heaters: 1
  • Trash: Tenant
  • Utilities: Phone

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Addison Central
  • Elementary School: Shoreham Elementary School
  • Middle School: Middlebury Union Middle #3
  • High School: Middlebury Senior UHSD #3
  • Elementary School: Shoreham Elementary School
  • High School: Middlebury Senior UHSD #3

Lot Info

  • Lot Sq Ft: 130680
  • Lot Acres: 3
  • Lot Description: Level, Pond, Wooded
  • Surveyed: Unknown
  • Zoning: VR
  • Deed Book: 31
  • Deed Page: 441
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 22200
  • Total Units: 3
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Year Notes: 2018-2019
  • Tax Gross Amount: 7836
  • Tax Year: 2018

MLS Schools

  • School District: Addison Central
  • School Middle Jr: Middlebury Union Middle #3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2015
Closed on
Sep 30, 2020
Sold by
Chlebowski Angela and Gauthier Sandra J
Bought by
Myers Jessica E
Seller's Agent
Jeff Olson
BHHS Vermont Realty Group/Middlebury
Buyer's Agent
Courtney DeBisschop
IPJ Real Estate
List Price
$234,900
Sold Price
$160,000
Premium/Discount to List
-$74,900
-31.89%
Current Estimated Value
$636,982

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$476,982
Avg. Annual Appreciation
27.97%

Purchase Details

Closed on
Aug 9, 2019
Sold by
Not Provided
Bought by
Chlebowski Angela and Gauthier Sandy
Source: Public Records

Range of Values:

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Average Value
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List Price
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
Myers Jessica E $160,000 --
Chlebowski Angela -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2020 09/30/20 Sold $160,000 -15.7% $38 / Sq Ft
07/10/2020 07/10/20 Pending -- -- --
02/15/2020 02/15/20 Price Changed $189,900 -9.5% $46 / Sq Ft
07/08/2019 07/08/19 Price Changed $209,900 -10.6% $50 / Sq Ft
07/05/2019 07/05/19 For Sale $234,900 0.0% $56 / Sq Ft
06/20/2019 06/20/19 Pending -- -- --
02/13/2019 02/13/19 Price Changed $234,900 -9.6% $56 / Sq Ft
08/07/2015 08/07/15 For Sale $259,900 -- $63 / 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 -- $473,100 $81,300 $391,800
2023 $6,085 $275,600 $69,400 $206,200
2022 $6,155 $275,600 $69,400 $206,200
2021 $6,378 $275,600 $69,400 $206,200
2020 $7,668 $351,400 $69,400 $282,000
2019 $7,865 $351,400 $69,400 $282,000
2018 $7,837 $351,400 $69,400 $282,000
2016 $6,849 $351,400 $69,400 $282,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4443528

PrimeMLS

APN: 591-186-00294