Seller's Agent in 2021
Kara Koptiuch
Vermont Real Estate Company
(802) 238-6878
2 in this area
199 Total Sales
84 Benedict Ln Middlebury, VT 05753
Estimated Value: $2,639,346
Studio
--
Bath
8,832
Sq Ft
$299/Sq Ft
Est. Value
Highlights
- 0.96 Acre Lot
- Wood Flooring
- High Speed Internet
- Middlebury Union High School Rated 9+
- Door to Door Trash Pickup
- Heating Available
About This Home
As of December 2021Unique 13 unit apartment complex located at Chipman Park in the center of Middlebury. Three separate buildings consisting of a mix of 1, 2 & 3 bedroom apartments. This turn-key opportunity for the smart investor yields an attractive cap rate, low maintenance buildings and excellent occupancy history. Owned and impeccably maintained by the current owner for over 40 years. This is a rare opportunity to purchase this complex that is located just off the Middlebury College campus and blocks to the center of Town. Solid CAP rate and never any vacancy.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,295
Year Built
- Built in 1964
Lot Details
- 0.96 Acre Lot
- Lot Sloped Up
Home Design
- Concrete Foundation
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 8,832 Sq Ft Home
- 2-Story Property
Flooring
- Wood
- Tile
- Vinyl
Basement
- Interior Basement Entry
- Basement Storage
Parking
- Dirt Driveway
- Paved Parking
Utilities
- Heating Available
- Electric Water Heater
- High Speed Internet
- Cable TV Available
Community Details
Building Details
- Operating Expense $31,915
- Gross Income $208,620
- Net Operating Income $176,704
Additional Features
- 13 Units
- Door to Door Trash Pickup
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 2, 2021
Closed on
Dec 1, 2021
Sold by
Hirsch Frank and Hirsch Kristin
Seller's Agent
Kara Koptiuch
Vermont Real Estate Company
Buyer's Agent
Jill Fraga
The Real Estate Company of Vermont, LLC
List Price
$2,300,000
Sold Price
$2,000,000
Premium/Discount to List
-$300,000
-13.04%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$639,346
Avg. Annual Appreciation
6.81%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | $2,000,000 | -- | |
| Hirsch Frank | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/01/2021 12/01/21 | Sold | $2,000,000 | -13.0% | $226 / Sq Ft |
| 10/15/2021 10/15/21 | Pending | -- | -- | -- |
| 08/02/2021 08/02/21 | For Sale | $2,300,000 | -- | $260 / 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 | $21,603 | $801,000 | $196,000 | $605,000 |
| 2023 | $19,168 | $801,000 | $196,000 | $605,000 |
| 2022 | $19,170 | $801,000 | $196,000 | $605,000 |
| 2021 | $19,295 | $801,000 | $196,000 | $605,000 |
| 2020 | $19,089 | $801,000 | $196,000 | $605,000 |
| 2019 | $0 | $801,000 | $196,000 | $605,000 |
| 2018 | $17,630 | $619,000 | $216,800 | $402,200 |
| 2017 | $6,505 | $619,000 | $216,800 | $402,200 |
| 2016 | $6,505 | $619,000 | $216,800 | $402,200 |
| 2015 | -- | $6,190 | $0 | $0 |
| 2014 | -- | $6,190 | $0 | $0 |
| 2013 | -- | $6,190 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Kara Koptiuch
-
Bryce Gilmer
Seller Co-Listing Agent in 2021
Bryce Gilmer
Vermont Real Estate Company
(802) 578-7002
1 in this area
65 Total Sales
-
Jill Fraga
Buyer's Agent in 2021
Jill Fraga
The Real Estate Company of Vermont, LLC
(802) 999-6143
18 in this area
71 Total Sales
Map
Source: PrimeMLS
MLS Number: 4875516
APN: 387-120-11314
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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