NOT LISTED FOR SALE

981 Pine St Burlington, VT 05401

South End Neighborhood

Estimated Value: $577,000 - $663,000

4 Beds
2 Baths
1,670 Sq Ft
$367/Sq Ft Est. Value

Last Sold June 17, 2022

Last sale price $526,500 $315 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $4,123/month

9 Days on Market

About This Home

As of June 2022

Don't miss this well-cared-for Duplex with a large yard and plenty of outdoor space in Burlington's South End. 2 one-level units that feel like two separate homes! Offering 2 bedrooms and 1 bath each with separate basements, laundry hook-ups, storage space, and utilities as well as ample off-street parking. The front unit has beautiful refinished hardwood floors and an updated kitchen. Lots of large windows allow maximum natural light in both. Tenants love the big yard with lots of space for gardening or relaxing. Can't beat the location near Oakledge Park, bike path, City Market, and South End Art District. Excellent owner-occupier potential or investment opportunity!

Last Agent to Sell the Property

Lipkin Audette Team

Coldwell Banker Hickok and Boardman Listed on: 04/14/2022

Coldwell Banker Hickok and Boardman

Last Buyer's Agent

Jeffrey Amato

Vermont Real Estate Company License #082.0113712

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,524

Year Built

  • Built in 1950

Lot Details

  • 0.28 Acre Lot
  • Lot Sloped Up

Home Design

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

Interior Spaces

  • 2 Full Bathrooms
  • 1,670 Sq Ft Home
  • 1-Story Property
  • Unfinished Basement
  • Interior Basement Entry

Utilities

  • Heating System Uses Natural Gas
  • Water Heater Leased
  • High Speed Internet

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Gas Meters
  • Operating Expense $14,762
  • Gross Income $36,768
  • Net Operating Income $22,006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,524

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Duplex, Ranch
  • Directions: Take a right off of Home Avenue onto Pine Street, property is the third on your left.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 1
  • Price Per Sq Ft: 315.27
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3340
  • Sq Ft - Apx Total Finished: 1670
  • Year Built: 1950
  • List Agent: 282798
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Unfinished
  • Sq Ft - Apx Finished AG: 1670
  • Sq Ft - Apx Unfinished BG: 1670

Exterior Features

  • Construction: Wood Frame
  • Driveway: Concrete
  • Exterior: Vinyl
  • Foundation: Concrete
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt

Utilities

  • Electric: Circuit Breaker(s)
  • Fuel Company: VT Gas
  • Sewer: Public
  • Water: Public
  • Water Heater: Rented
  • Heating Fuel: Gas - Natural
  • Heating: Hot Air
  • Electric Company: Burlington Electric
  • Total Electric Meters: 2
  • Total Gas Meters: 2
  • Utilities: High Speed Intrnt -Avail

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 12197
  • Lot Acres: 0.28
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: RL
  • Deed Book: 1098
  • Deed Page: 95-97

Multi Family

  • Gross Income: 36768
  • Net Income: 22006
  • Total Full Baths: 2
  • Total Units: 2
  • Total2 Bedroom Units: 2

Tax Info

  • Tax Year Notes: 2021-2022
  • Tax Gross Amount: 9523.72
  • Tax Year: 2021

MLS Schools

  • School District: Burlington School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2022
Closed on
Jun 17, 2022
Sold by
Farrington Patrick
Bought by
Poland Zachariah and Quill James M
Seller's Agent
Lipkin Audette Team
Coldwell Banker Hickok and Boardman
Buyer's Agent
Jeffrey Amato
Vermont Real Estate Company
List Price
$529,000
Sold Price
$526,500
Premium/Discount to List
-$2,500
-0.47%
Current Estimated Value
$612,580

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,080
Avg. Annual Appreciation
4.28%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Poland Zachariah $526,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/17/2022 06/17/22 Sold $526,500 -0.5% $315 / Sq Ft
04/23/2022 04/23/22 Pending -- -- --
04/14/2022 04/14/22 For Sale $529,000 -- $317 / 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 $10,458 $432,700 $181,600 $251,100
2023 $9,143 $432,700 $181,600 $251,100
2022 $9,141 $432,700 $181,600 $251,100
2021 $9,524 $432,700 $181,400 $251,300
2020 $6,918 $224,800 $127,700 $97,100
2019 $6,580 $224,800 $127,700 $97,100
2018 $5,989 $224,800 $127,700 $97,100
2017 $5,989 $224,800 $127,700 $97,100
2016 -- $224,800 $127,700 $97,100
2015 -- $2,248 $0 $0
2014 -- $2,248 $0 $0
2013 -- $2,248 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lipkin Audette Team

    Seller's Agent in 2022

    Lipkin Audette Team

    Coldwell Banker Hickok and Boardman

    (802) 846-8800

    58 in this area

    1,091 Total Sales

    Lipkin Audette Team
    Section Image
  • Jeffrey Amato

    Buyer's Agent in 2022

    Jeffrey Amato

    Vermont Real Estate Company

    (860) 614-0722

    4 in this area

    126 Total Sales

    Jeffrey Amato
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4905182

PrimeMLS

APN: (035) 057-2-002-000

Vermont Chittenden County Burlington 05401 South End

981 Pine St, Burlington, VT

Not Listed for Sale

MultiFamily

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