NOT LISTED FOR SALE

93 E Main St Newport, VT 05855

Estimated Value: $205,237

1 Bed
1 Bath
2,556 Sq Ft
$80/Sq Ft Est. Value

Last Sold August 31, 2022

Last sale price $175,000 $68 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $1,574/month

48 Days on Market

Highlights

  • Water Views
  • Enclosed Patio or Porch
  • High Speed Internet
  • Radiant Floor
  • Baseboard Heating
  • Multiple Phone Lines

About This Home

As of August 2022

Three-unit mixed-use investment property located on East Main Street in Newport City, VT. Consisting of two-buildings that have most recently been occupied for commercial use and offers tremendous residential use potential. The front building (93 East Main St.) offers two units (one on each level) and consists of 1611sq.ft of finished area with beautiful hardwood floors & trim, a larger wrap-around front porch and full unfinished basement & attic areas. The main level offers 891sq.ft of with a full kitchen and two half baths (area for a shower to be added). The second floor is a separate apartment with a full bath, kitchen, living room, bedroom and back enclosed porch. 95 East Main is a separate/standalone studio building that has formerly accommodated a pottery shop, yoga studio, etc. This building offers 945sq.ft of finished area with vaulted ceilings, kitchenette and a half bath. The property is serviced by 3 electric meters, 2 oil boilers (baseboard hot water heat in 93 and radiant heated floors in 95), 3 separate hot water heaters, city water & sewer and onsite parking for 5-10 vehicles. This is a prime location for many uses and is well worth a look today. For more information, please contact the listing agent Ryan Pronto at Jim Campbell Real Estate (802)274-9149.

Last Agent to Sell the Property

Ryan Pronto

Jim Campbell Real Estate License #081.0063392 Listed on: 06/17/2022

Last Buyer's Agent

Ryan Pronto

Jim Campbell Real Estate License #081.0063392 Listed on: 06/17/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1915

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Sloped Up

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1 Full Bathroom
  • 2,556 Sq Ft Home
  • 2.5-Story Property
  • Water Views

Flooring

  • Wood
  • Radiant Floor
  • Laminate

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Connecting Stairway
  • Interior Basement Entry
  • Basement Storage

Parking

  • 510 Car Parking Spaces
  • Gravel Driveway
  • On-Site Parking

Outdoor Features

  • Enclosed Patio or Porch
  • Outbuilding

Schools

  • Newport City Elementary School
  • North Country Junior High
  • North Country Union High Sch

Utilities

  • Baseboard Heating
  • Heating System Uses Oil
  • Radiant Heating System
  • Separate Meters
  • Electric Water Heater
  • High Speed Internet
  • Multiple Phone Lines
  • Phone Available
  • Cable TV Available

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family, Multi-Level
  • Directions: At the traffic light intersection of the Causeway/Union St. & East Main St., turn up East Main Street and the property will be on the left.
  • Construction: Existing
  • Total Stories: 2.5
  • Price Per Sq Ft: 68.47
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3447
  • Sq Ft - Apx Total Finished: 2556
  • Year Built: 1915
  • List Agent: 22531
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Flooring: Hardwood, Laminate
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Concrete Floor, Full, Stairs - Interior, Storage Space, Unfinished
  • Sq Ft - Apx Finished AG: 2556
  • Sq Ft - Apx Unfinished BG: 891

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Wood Siding
  • Foundation: Concrete
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt
  • Features Exterior: Outbuilding, Porch - Covered, Porch - Enclosed
  • Water Body Type: Lake
  • Water Body Name 2: Memphremagog Lake
  • Water View: Yes

Garage/Parking

  • Parking: Driveway, On-Site, Parking Spaces 5 - 10

Utilities

  • Cable Company: Xfinity
  • Electric: Circuit Breaker(s)
  • Fuel Company: Freds Energy
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Heating Fuel: Oil
  • Heating: Baseboard, Radiant, Radiant Floor
  • Electric Company: VT Electric Co-Op
  • Separate Utilities: Yes
  • Total Electric Meters: 3
  • Total Heat Units: 2
  • Total Ranges: 1
  • Total Refrigerators: 2
  • Total Water Heaters: 3
  • Utilities: Cable, Cable - Available, High Speed Intrnt -Atsite, Internet - Cable, Multi Phone Lines, Telephone At Site

Fee Information

  • Tax Class: Non-Homestead

Schools

  • Elementary School: Newport City Elementary
  • High School: North Country Union High Sch

Lot Info

  • Lot Sq Ft: 9583
  • Lot Acres: 0.22
  • Lot Description: City Lot, Neighbor Business, Sidewalks
  • Surveyed: Yes
  • Zoning: Newport
  • Deed Book: 168
  • Deed Page: 223-224
  • Deed Recorded Type: Warranty

Tax Info

  • Tax Year Notes: 2021-22
  • Tax Gross Amount: 6048.56
  • Tax Year: 2022

Multi Family

  • Total Full Baths: 1
  • Total Units: 3
  • Total1 Bedroom Units: 3

MLS Schools

  • School District: Orleans Essex North
  • School Middle Jr: North Country Junior High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2022
Closed on
Aug 31, 2022
Sold by
Bluffside Enterprises Llc
Bought by
Abbott Reginald
Seller's Agent
Ryan Pronto
Jim Campbell Real Estate
Buyer's Agent
Ryan Pronto
Jim Campbell Real Estate
List Price
$239,000
Sold Price
$175,000
Premium/Discount to List
-$64,000
-26.78%
Current Estimated Value
$205,237

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,237
Avg. Annual Appreciation
4.96%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Abbott Reginald $175,000 --
Abbott Reginald $175,000 --
Abbott Reginald $175,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2022 08/31/22 Sold $175,000 -20.1% $68 / Sq Ft
08/04/2022 08/04/22 Pending -- -- --
07/19/2022 07/19/22 Price Changed $219,000 -8.4% $86 / Sq Ft
06/17/2022 06/17/22 For Sale $239,000 -- $94 / 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 $5,924 $198,600 $78,500 $120,100
2023 $5,924 $198,600 $78,500 $120,100
2022 $5,924 $198,600 $78,500 $120,100
2021 $6,049 $198,600 $78,500 $120,100
2020 $6,014 $198,600 $78,500 $120,100
2019 $5,844 $198,600 $78,500 $120,100
2018 $5,740 $198,600 $78,500 $120,100
2016 $3,652 $121,700 $49,000 $72,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4916209

PrimeMLS

APN: 435-136-14313