NOT LISTED FOR SALE

89 N Prospect St Burlington, VT 05401

Hill Section Neighborhood
8 Beds
10 Baths
8,022 Sq Ft
0.3 Acres

Last Sold October 12, 2017

Last sale price $1,150,000 $143 Per Sq Ft

175 Days on Market

About This Home

As of October 2017

Excellent investment opportunity in one of Burlington’s most desirable areas for both owning a home and renting an apartment. This historic home has been developed into a 10 unit apartment property featuring bright and clean living spaces, on site parking, and the convenience of being a short walk to University of Vermont, UVM Medical Center, and downtown Burlington. With all 1-2 bedroom units this property is desired by graduate students, undergraduate students, and professionals. The property offers strong tenant history with consistent rental income.

Last Agent to Sell the Property

Steve Donahue

Donahue & Associates, LLC License #081.0004508 Listed on: 02/15/2017

Last Buyer's Agent

Steve Lipkin

Coldwell Banker Hickok and Boardman License #081.0004569

Coldwell Banker Hickok and Boardman

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,989

Year Built

  • Built in 1900

Lot Details

  • 0.3 Acre Lot
  • Corner Lot
  • Lot Sloped Up
  • Historic Home

Home Design

  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Clap Board Siding
  • Shingle Siding

Interior Spaces

  • 10 Full Bathrooms
  • 3-Story Property
  • Interior Basement Entry

Parking

  • Shared Driveway
  • Paved Parking

Utilities

  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Separate Meters
  • Water Heater

Community Details

  • 10 Units
  • Net Operating Income $59,433

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,989

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building, Historic Vintage, Multi-Family, Multi-Level
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 143.36
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 8025
  • Sq Ft - Apx Total Finished: 8023
  • Year Built: 1900
  • Remarks Public: Excellent investment opportunity in one of Burlington’s most desirable areas for both owning a home and renting an apartment. This historic home has been developed into a 10 unit apartment property featuring bright and clean living spaces, on site parking, and the convenience of being a short walk to University of Vermont, UVM Medical Center, and downtown Burlington. With all 1-2 bedroom units this property is desired by graduate students, undergraduate students, and professionals. The property offers strong tenant history with consistent rental income.
  • List Agent: 13283
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Concrete Floor
  • Sq Ft - Apx Finished AG: 8022
  • Sq Ft - Apx Finished BG: 1
  • Sq Ft - Apx Unfinished AG: 1
  • Sq Ft - Apx Unfinished BG: 1

Exterior Features

  • Construction: Wood Frame
  • Driveway: Common/Shared, Paved
  • Exterior: Clapboard, Shingle
  • Foundation: Stone
  • Road Frontage: TBD
  • Roads: Public
  • Roof: Shingle

Utilities

  • Electric: On-Site
  • Sewer: Public
  • Water: Public
  • Water Heater: Owned
  • Heating Fuel: Gas - Natural
  • Heating: Gas Heater
  • Separate Utilities: Yes

Fee Information

  • Tax Class: TBD

Lot Info

  • Lot Sq Ft: 13068
  • Lot Acres: 0.3
  • Lot Description: Corner
  • Surveyed: Unknown
  • Zoning: Residential
  • Deed Book: 1061
  • Deed Page: 428
  • Deed Recorded Type: Warranty

Tax Info

  • Taxes TBD: Yes
  • Tax Gross Amount: 24989.2

Multi Family

  • Net Income: 59433
  • Total Full Baths: 10
  • Total Units: 10
  • Total1 Bedroom Units: 8
  • Total2 Bedroom Units: 2

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
10/12/2017 10/12/17 Sold $1,150,000 -14.8% $143 / Sq Ft
08/09/2017 08/09/17 Pending -- -- --
02/15/2017 02/15/17 For Sale $1,350,000 -- $168 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Steve Donahue

    Seller's Agent in 2017

    Steve Donahue

    Donahue & Associates, LLC

    (802) 343-6471

    4 in this area

    12 Total Sales

    Steve Donahue
    Section Image
  • Steve Lipkin

    Buyer's Agent in 2017

    Steve Lipkin

    Coldwell Banker Hickok and Boardman

    (802) 846-9520

    Steve Lipkin
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4618011

PrimeMLS

APN: (035) 045-3-132-000

Vermont Chittenden County Burlington 05401 Hill Section

89 N Prospect St, Burlington, VT

This home is located at 89 N Prospect St, Burlington, VT 05401 since 15 February 2017. This property was built in 1900. 89 N Prospect St is a home located in Chittenden County with nearby schools including Edmunds Elementary School, Edmunds Middle School, and Burlington Senior High School.

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