$899,000 Price Analysis    ♡   Newport City, VT 05855 8 bed 7 bath 8,500 SqFt ($105/SqFt) 1.05 acre lot. Built 2002 Listed 2024-04-05, Taxes $11,933 | May be USDA loan restricted due to income limits near Coventry |
Income producing and big 4-unit multi-family home with 6500+ sq.ft.
Of living space to include 3 fully furnished units (Suites A, B and C). This is a unique opportunity to own this excellent property with exceptional landscaping and pretty views overlooking Lake Memphremagog. The main living quarters features nearly 3600sq.ft of finished living area with 3 bedrooms, 3.5 baths (each bedroom has its own bath), cathedral ceilin gs, 1st and 2nd floor primary bedroom suites, entry from the 3-car heated garage and access to the deck and gazebo area. Suite A is a studio with approx. 950sq.ft., Suite B offers approx. 1000sq.ft with 2 guest rooms and Suite C (above the garage) offers 1042sq.ft with 2 guest rooms, vaulted ceilings and a private balcony.
All three suites have a tremendous rental history (financials on file) with longer term tenants in Suites A&B and profitable short term rental history for Suite C. Each suite has its own washer/dryer and secured private living quarters that can also be unlocked for access between each unit for larger living areas if desired. This would be ideal for a large multigenerational household, in-law suites, home offices, B&B potential or to be utilized as-is with a single family home with approx. $58K in annual rental revenue from the 3 suites. Additionl features include newer roof, radiant heated floors, mini-split AC units, whole house generator, secondary heat via a pellet boiler, storage sheds, pavilion, putting green and more.
Presented by Pronto, Ryan at
Jim Campbell Real Estate.
Property MLS #4990359 from PrimeMLS
Water Heater Oil
Water Heater Heat Pump
Total Refrigerators: 4
Heating Features: Alternative Heat Stove, Baseboard, Heat Pump, Radiant Floor
Heating Fuel: Oil, Pellet
Deck
Garden Space
Gazebo
Natural Shade
Outbuilding
Patio
Porch - Covered
Shed
Storage
Windows - Double Pane
Frontage Length: 220
Road Frontage Type: Yes
Roads: Paved, Public
Garage Spaces: 3
Garage Features: Garage: Yes
Parking Features: Parking: Auto Open, Driveway, Garage, Attached
Lot Size Square Feet: 45738
High School: North Country Union High Sch
Middle School: North Country Junior High
School District: Orleans Essex North
Map directions Map directions Map directions Map directionsBedrooms in Unit-1: 1
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 3
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 4
Total Rooms in Unit-1: 3
Total Rooms in Unit-2: 4
Total Rooms in Unit-3: 4
Total Rooms in Unit-4: 11
Unit-1 Square Feet: 950
Unit-2 Square Feet: 1000
Unit-3 Square Feet: 1042
Unit-4 Square Feet: 3600
Unit 1 Total Actual Rent: 1300
Unit 2 Total Actual Rent: 1495
Source Listing Status: Active
County: VT-Orleans
Directions: I-91 to Exit 27 in Newport. Continue to Main St. and follow onto Lake Rd. Continue to Campbell Cottage Rd. (approx. 2 miles) on right. This is the first home on the left.
Tax Year: 2024
Source Property Type: Multi-Family
Number of Separate Electric Meters: 1
Property Location: In Town, Near Golf Course, Near Paths, Near Skiing, Near Snowmobile Trails, Neighborhood, Near Hospital
Zoning: GR
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2021 | $353,700 + $45,300 $399,000 | $11,933 |
| 2020 | $353,700 + $45,300 $399,000 | $11,695 |
| 2019 | $353,700 + $45,300 $399,000 | $11,165 |
| 2018 | $353,700 + $45,300 $399,000 | $11,158 |
| 2017 | $353,700 + $45,300 $399,000 | $10,603 |
| 2016 | $337,600 + $27,000 $364,600 | $10,655 |
| 2015 | $336,600 + $27,000 $363,600 | $unknown |
| 2015 | $337,600 + $27,000 $364,600 | $10,928 |
| 2014 | $336,600 + $27,000 $363,600 | $unknown |
| 2012 | $336,600 + $27,000 $363,600 | $9,753 |
| 2011 | $336,600 + $27,000 $363,600 | $9,749 |
$899,000
PrimeMLS
Price Changed 2024-06-04
$899,000
PrimeMLS
Price Changed 2024-05-23
$949,000
PrimeMLS
Price Changed 2024-05-23
$949,000
PrimeMLS
Listed 2024-04-05
$975,000
PrimeMLS
Listed 2024-04-04
$975,000
PrimeMLS
Listing removed 2020-06-22
$0
PrimeMLS
Listed for rent 2020-04-18
$1,095
PrimeMLS
Listing removed 2020-03-19
$0
PrimeMLS
Listed for rent 2020-03-04
$1,095
PrimeMLS
Listing removed 2019-02-13
$0
PrimeMLS
Listing removed 2019-02-12
$1,395
PrimeMLS
Price Changed for rent 2019-01-29
$1,395
PrimeMLS
Price Changed for rent 2019-01-22
$1,495
PrimeMLS
Price Changed for rent 2018-12-05
$1,395
PrimeMLS
Price Changed for rent 2018-11-09
$1,495
PrimeMLS
Listing removed 2018-11-09
$0
PrimeMLS
Listing removed 2018-11-08
$1,095
PrimeMLS
Price Changed for rent 2018-10-17
$1,395
PrimeMLS
Price Changed for rent 2018-10-17
$1,095
PrimeMLS
Listed for rent 2018-09-24
$1,495
PrimeMLS
Price Changed for rent 2018-09-01
$1,195
PrimeMLS
Price Changed for rent 2018-08-30
$2,995
PrimeMLS
Listed for rent 2018-08-28
$1,295
PrimeMLS
Listing removed 2018-03-05
$399,000
PrimeMLS
Listed 2017-09-06
$399,000
PrimeMLS
Listing removed 2017-08-07
$1,195
PrimeMLS
Listed for rent 2016-11-30
$1,195
PrimeMLS
Listing removed 2016-11-08
$1,195
PrimeMLS
Listing removed 2016-11-08
$1,195
PrimeMLS
Listed for rent 2016-09-08
$1,195
PrimeMLS
Listed for rent 2016-09-08
$1,195
PrimeMLS
Listing removed 2016-08-15
$1,195
PrimeMLS
Listed for rent 2016-06-23
$1,195
PrimeMLS
Listing removed 2015-06-03
$1,400
PrimeMLS
Listing removed 2014-07-21
$1,000
PrimeMLS
Listed for rent 2014-06-17
$1,000
PrimeMLS
Listing removed 2014-05-30
$1,000
PrimeMLS
Listing removed 2014-05-28
$1,400
PrimeMLS
Price Changed for rent 2014-05-27
$1,400
PrimeMLS
Price Changed for rent 2014-04-10
$1,900
PrimeMLS
Listed for rent 2014-02-12
$1,400
PrimeMLS
Listing removed 2014-01-20
$1,400
PrimeMLS
Listed for rent 2014-01-14
$1,400
PrimeMLS
Year Built: 2002
Above Grade Finished Area: 6564
Above Grade Unfinished Area: 598
BelowGradeFinishedArea: 1936
Below Grade Unfinished Area: 325
Construction Materials: Wood Frame, Vinyl Siding
Foundation Details: Concrete
Property Age: 22
Property Condition: Existing
Roof: Shingle - Architectural
Levels or Stories: 2.5
Total Area Sqft: 9423
Architectural Style: Contemporary, Multi-Family, Tri-Level, Walkout Lower Level
Sewer: Metered, Public
Cable - At Site, Gas - LP/Bottle, Telephone At Site
Electric Company: VT Electric Co-Op
Fuel Company: Oil Supply
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.