Discover this exceptional 7-unit apartment building, ideally situated just moments from downtown Montpelier. This property features newer windows and offers ample parking, making it an attractive choice for tenants. With its prime location, you'll benefit from easy access to local amenities, shops, and restaurants, enhancing its appeal for renters. Whether you're a seasoned investor or looking to expand your portfolio, this building presents a fantastic opportunity to capitalize on Montpelier's thriving rental market. Don't miss your chance to own a piece of this vibrant community! Contact us today for more details and to schedule a viewing.
Property Details
Property Features
Property Information:
Year Built: 1890
Stories: 3
Living Area: 8,165 SqFt
Listing Office:
Office Name: Heney Realtors - Element Real Estate (Barre)
Office Phone: (802) 476-6500
Listing Agent: Joshua Gosselin
Interior Features
Interior Information:
Basement: Yes
Flooring Type: Hardwood, Laminate
Exterior Features
Parking Information:
Parking: On-Site, Parking Spaces 6+
Lot Features
Lot Information:
Lot Size: 0.24 Acres
Utilities
Utilities Information:
Heating: Baseboard, Hot Water, Radiant, Steam
Cooling: None
Price Information
Listing Price Info
Price Summary:
List Price: $749,000
Price Per SqFt: $92/SqFt
Tax Information:
Annual Amount: $10,906
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Montpelier, VT.
Housing Market Reports are calculated by Rocket Homes Real Estate, LLC and based on information from the MLS. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/14/2024, 2:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$10,906
$399,200
2017
$10,729
$399,200
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$3,806
Per Month
Principal & Interest
$3,739
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$2,312
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Union Elementary School
1 Park Ave
Distance between this listing and this school0.42 miles
Public District Grades PK-4
4
/10
Berlin Elementary School
372 Paine Tpke N
Distance between this listing and this school3.54 miles
Public District Grades PK-6
6
/10
East Montpelier Elementary School
665 Vincent Flats Rd
Distance between this listing and this school3.97 miles
Public District Grades PK-6
Nearby Schools
6
/10
Main Street Middle School
170 Main St
Distance between this listing and this school0.18 miles
Public District Grades 5-8
5
/10
Barre City Elementary & Middle School
50 Parkside Ter
Distance between this listing and this school6.47 miles
Public District Grades PK-8
7
/10
Barre Town Middle & Elementary School
70 Websterville Rd
Distance between this listing and this school7.93 miles
Public District Grades PK-8
Nearby Schools
6
/10
Montpelier High School
5 High School Dr
Distance between this listing and this school0.92 miles
Public District Grades 9-12
5
/10
U - 32 Middle & High School
930 Gallison Hill Rd
Distance between this listing and this school2.59 miles
Public District Grades 9-12
5
/10
Spaulding High School
155 Ayers St
Distance between this listing and this school6.49 miles
The neighbors living near this home have an average income of $63,032. Residents of Montpelier, VT typically earn between $35k-100k each year. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 254 Elm St
What is the listing price of this property?
The listing price of 254 Elm St property is $749,000.
What type of property is this?
The property 254 Elm St is land located in Montpelier, Vermont, 05602.
Is this property for sale now?
Active Listing: 254 Elm St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $10,906 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 254 Elm St in Montpelier, VT and zip code 05602. This 8,165 square foot home, which was built in 1890, sits on a 0.24 acre lot. It has been listed on Rocket Homes since October 25, 2024 and is currently priced at $749,000.
In November 2024 more than 4 listings in Montpelier, VT were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 1 were sold below. Between October 2024 and November 2024, Montpelier, VT real estate market has seen decrease in the number of listings by 25.7%.
From Rocket Homes Real Estate and based on county public records data.