56 Morellen Lane Colchester, Vermont 05446 MLS# 4824886

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Sold Status

$433,000 Sold Price

Multi Type

4 Beds

4 Baths

3,744 Sqft

Listed By Julie Danaher of Ridgeline Real Estate
Sold By KW Vermont
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Colchester

56 Morellen Lane

Great Investment opportunity on a quiet cul-de-sac in a desirable Colchester neighborhood. Live on one side of the house and rent out the other to cover the expenses or add this property to your investment portfolio! This side by side duplex offers it all; each 2 bedroom, 1 1/2 bathroom unit is equipped with a full kitchen and a bonus/office space on the first floor and finished basements with new egress windows. Both units are bright, updated and in great condition with both bedrooms and full bath upstairs. Unit 2 is an open concept dining/living and the larger Unit 1 has a full dining and separate large living room. Unit 1 is fully remodeled with new cabinets, corian countertops and stainless steel appliances. With cozy fireplaces, a bar in the finished basement and walk in closet in the master bedroom, this unit is not to be missed! Outside, each unit has a deck with shared private lawn space. Recently updated with a new roof in 2017 this duplex is turn-key and ready to go. Tenants pay heat and electricity. Located off Williams rd, it's a short trip down to the bay and the bike path. Close to Mallets Bay Park, and the elementary school.

Property Location

56 Morellen Lane Colchester

Property Details

Sold Price  $433,000 Sold Date  Dec 23rd, 2020
List Price  439,000 Bedrooms  4 Garage Size  0 Car
Cooperation Fee  Unknown Total Bathrooms  4 Year Built  1985
MLS#  4824886 Lot Size  0.5 Acres Taxes $7,607
Type  Multi-Family Days on Market  1548 Days Tax Year 2020
Units  2 Stories  2 Road Frontage  170
Annual Income  $40,200 Style  Colonial Water Frontage  
Annual Expenses  $0 Finished  3,744 Sqft Construction  No, Existing
Zoning   Res Above Grade  2,784 Sqft Seasonal  No
Total Rooms  4 Below Grade  960 Sqft List Date  Aug 26th, 2020
Gross Income  $40,200 Operating Expenses  $0 Net Income  $29,280
Expenses Includes 
Unit 1   2 Beds, 2 Baths, 1,656 SqFt, $1,750/Monthly Unit 2   2 Beds, 2 Baths, 1,128 SqFt, $1,600/Monthly
ConstructionWood Frame
BasementInterior, Full
Interior Features
Exterior Features
Exterior  Wood Siding Disability Features  
Foundation  Block House Color  green
Floors  Laminate, Hardwood Building Certifications  
Roof  Shingle HERS Index  
Directions
Lot Description, Wooded, Level
Garage & Parking  No, , , On Site, Paved, 5 Parking Spaces, 3-5 Spaces, Paved
Road Frontage  170 Water Access  
Driveway  Paved Water Type  
Flood Zone  No Water Body  
Zoning  Res
School District  Colchester School District Middle  Colchester Middle School
Elementary  Malletts Bay Elementary School High  Colchester High School
Heat Fuel  , Gas-Natural Excluded  
Heating/Cool  None, Monitor Type Negotiable  
Sewer  Septic, Holding Tank Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Tank, Gas-Natural Financing  
Cable Co  Comcast Documents  
Electric  Circuit Breaker Tax ID  153-048-22490
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† The remarks published on this webpage originate from Listed By Julie Danaher of Ridgeline Real Estate via the PrimeMLS IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman cannot be held responsible for possible violations of copyright resulting from the posting of any data from the PrimeMLS IDX Program.