309 State Street Montpelier, Vermont 05602 MLS# 4813878

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Sold Status

$240,000 Sold Price

Multi Type

4 Beds

3 Baths

2,407 Sqft

Listed By Jeanne Felmly of New England Landmark Realty LTD
Sold By Dome Real Estate Group LLC
✉ 🖶

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309 State Street

This historic property, formerly known as "Toy Town" in the 1930's, was once a cluster of tourist cabins. The remaining building is now a three unit income producing property. Rent all three or live in one and have tenants pay your mortgage! Convenient to downtown Montpelier, shopping, public transportation, National Life, CVMC and the Montpelier school system! Two of the three units are rented until September 2020 and one 2 bedroom unit is ready for your occupancy! †

Property Location

309 State Street Montpelier

Property Details

Sold Price  $240,000 Sold Date  Dec 18th, 2020
List Price  249,000 Bedrooms  4 Garage Size   Car
Cooperation Fee  Unknown Total Bathrooms  3 Year Built  1932
MLS#  4813878 Lot Size  0.69 Acres Taxes $6,095
Type  Multi-Family Days on Market  1608 Days Tax Year 2020
Units  3 Stories  2 Road Frontage  183
Annual Income  $33,400 Style  Multi-Family Water Frontage  
Annual Expenses  $0 Finished  2,407 Sqft Construction  No, Existing
Zoning   RESD 1 Above Grade  2,407 Sqft Seasonal  No
Total Rooms  4 Below Grade  0 Sqft List Date  Jun 29th, 2020
Gross Income  $33,400 Operating Expenses  $0 Net Income  $26,886
Expenses Includes 
Unit 1   1 Beds, 1 Baths, $800/Monthly Unit 2   2 Beds, 1 Baths, $1,200/Monthly
Unit 3   1 Beds, 1 Baths, $870/Monthly
ConstructionWood Frame
BasementInterior, Bulkhead, Unfinished, Unfinished
Interior Features
Exterior Features
Exterior  Clapboard Disability Features  
Foundation  Concrete House Color  Yellow
Floors  Laminate, Carpet Building Certifications  
Roof  Shingle-Asphalt HERS Index  
DirectionsFrom central Montpelier, take Route 2 (State Street) west. Property is on right.
Lot DescriptionNo, Wooded Setting, Wooded, Level, Near Railroad, Near Bus/Shuttle
Garage & Parking  No, , , Off Street, 6+ Parking Spaces, Parking Spaces 6+
Road Frontage  183 Water Access  
Driveway  Gravel, Common/Shared, Dirt Water Type  
Flood Zone  Yes Water Body  
Zoning  RESD 1
School District  Montpelier School District Middle  Main Street Middle School
Elementary  Union Elementary School High  Montpelier High School
Heat Fuel  , Gas-Lp/Bottle Excluded  
Heating/Cool  None, Vented Gas Heater Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Rented Financing  
Cable Co  Comcast Documents  Property Disclosure, Deed, Tax Map
Electric  Circuit Breaker Tax ID  40512610158
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† The remarks published on this webpage originate from Listed By Jeanne Felmly of New England Landmark Realty LTD 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.