59 Orchard Lane Richmond, Vermont 05477 MLS# 4430006

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Sold Status

$275,800 Sold Price

Multi Type

5 Beds

3 Baths

2,700 Sqft

Listed By Brian Armstrong of KW Vermont
Sold By KW Vermont
✉ 🖶

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59 Orchard Lane

A wonderful slice of Vermont, this property has a tremendous amount to offer. Perfect fit for an owner occupant or investor. Within an easy commuting distance to Burlington and Montpelier, area ski-resorts, swimming holes and more, it is located on a quiet street within a short jump to I89. For the investor the property offers an estimated cap rate of over 8%. As an owner occupied unit you'll have the best of both worldâs peace and quiet and low overhead! †

Property Location

59 Orchard Lane Richmond

Property Details

Sold Price  $275,800 Sold Date  Aug 14th, 2015
List Price  295,000 Bedrooms  5 Garage Size  2 Car
Cooperation Fee  Unknown Total Bathrooms  3 Year Built  1971
MLS#  4430006 Lot Size  1 Acres Taxes $5,804
Type  Multi-Family Days on Market  3450 Days Tax Year 13-14
Units  3 Stories  2 Road Frontage  
Annual Income  $0 Style  Other Water Frontage  
Annual Expenses  $10,242 Finished  2,700 Sqft Construction  No, Existing
Zoning   Dwell Apts 3 Above Grade  2,700 Sqft Seasonal  No
Total Rooms  5 Below Grade  0 Sqft List Date  Jun 12th, 2015
Gross Income  $0 Operating Expenses  $10,242 Net Income  $39,000
Expenses Includes 
Unit 1   2 Beds, 1 Baths, $1,200/Mo Unit 2   2 Beds, 1 Baths, $1,200/Mo
Unit 3   1 Beds, 1 Baths, $850/Mo
ConstructionWood Frame
BasementInterior Stairs
Interior Features
Exterior Features
Exterior  Vinyl Disability Features  
Foundation  Block House Color  Tan
Floors  Laminate Building Certifications  
Roof  Shingle-Asphalt HERS Index  
DirectionsTake I-89 South to Exit 11 to Route 2 East. Turn right on Cochran Road, turn left on Dugway Road, take first right on Orchard Lane. #59 is on the left.
Lot DescriptionRural Setting
Garage & Parking  Yes, Attached, Garage, 1-10 Spaces
Road Frontage   Water Access  
Driveway  Gravel Water Type  
Flood Zone  Unknown Water Body  
Zoning  Dwell Apts 3
School District  Chittenden East Middle  Camels Hump Middle USD 17
Elementary  Richmond Elementary School High  Mt. Mansfield USD #17
Heat Fuel  Gas-Lp/Bottle Excluded  
Heating/Cool  Wall Units, Wall Units Negotiable  
Sewer  Septic, Holding Tank, Drywell, Private Parcel Access ROW  No
Water  Drilled Well, Private ROW for Other Parcel  
Water Heater  Gas-Lp/Bottle, Rented Financing  Conventional
Cable Co   Documents  Deed
Electric  Circuit Breaker Tax ID  51916311437
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† The remarks published on this webpage originate from Listed By Brian Armstrong of KW Vermont 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.