545 South Prospect Street, Unit 21 Burlington, Vermont - Under Contract

545 South Prospect Street, Unit 21 Burlington, Vermont 05401 MLS# 5068120

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Under Contract Status

$535,000 List Price

Condo Type

2 Beds

2 Baths

1,566 Sqft

Listed By Brian Boardman of Coldwell Banker Hickok & Boardman - (802)846-9510
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Burlington

545 South Prospect Street, Unit 21
545 South Prospect Street, Unit 21
545 South Prospect Street, Unit 21
545 South Prospect Street, Unit 21
545 South Prospect Street, Unit 21
545 South Prospect Street, Unit 21
545 South Prospect Street, Unit 21
545 South Prospect Street, Unit 21
545 South Prospect Street, Unit 21
545 South Prospect Street, Unit 21
545 South Prospect Street, Unit 21
545 South Prospect Street, Unit 21
545 South Prospect Street, Unit 21
545 South Prospect Street, Unit 21
545 South Prospect Street, Unit 21
545 South Prospect Street, Unit 21
545 South Prospect Street, Unit 21
545 South Prospect Street, Unit 21
545 South Prospect Street, Unit 21
545 South Prospect Street, Unit 21
545 South Prospect Street, Unit 21
545 South Prospect Street, Unit 21
545 South Prospect Street, Unit 21
545 South Prospect Street, Unit 21
545 South Prospect Street, Unit 21
545 South Prospect Street, Unit 21
545 South Prospect Street, Unit 21
545 South Prospect Street, Unit 21
545 South Prospect Street, Unit 21
545 South Prospect Street, Unit 21
545 South Prospect Street, Unit 21
545 South Prospect Street, Unit 21
545 South Prospect Street, Unit 21
545 South Prospect Street, Unit 21
545 South Prospect Street, Unit 21
545 South Prospect Street, Unit 21
545 South Prospect Street, Unit 21
545 South Prospect Street, Unit 21

First-Floor Flat at Overlake

One-level living in the middle of the Hill Section; these first-floor flats don't come on the market often! Over 1,500 sf of living space above grade offering two bedrooms and two baths plus an additional 1,500 sq. ft. in the basement. A perfect space for those looking to downsize. Numerous updates over the years include converting the heat to natural gas hot water baseboards, and updating the kitchens and baths in 2011. The Overlake Condominiums are situated on 7 acres of common land and have their own pool and tennis courts. The seasonal views are spectacular with peaks of Lake Champlain & the Adirondack Mountains year-round. Overlake is located across the street from the Burlington Country Club with easy access to bike paths, running trails, the UVM medical Center, and more.

• Burlington Hill Section condo
• Easy one-level living
• Open living/dining
• Lake and mountain views
• Plenty of basement space
• Association tennis courts & pool

Cooperation Fee - 2.5%

The Seller(s) of this property has authorized the Listing Agency/Agent to offer a Cooperation Fee or Seller Concession toward Buyers’ closing costs in the amount of 2.5% with accepted terms of an offer. This fee is offered to Buyer’s Agents and Broker’s Agents. This fee must be agreed to in writing within the terms of the Purchase & Sale Contract or in a fully executed Commission Allocation Agreement or Cooperation Agreement between the brokerage firms; and will be paid at closing.

Property Location

545 South Prospect Street, Unit 21 Burlington

Property Details

Contract Date  May 8th, 2026
List Price  $535,000 Total Rooms  6 List Date  Oct 31st, 2025
Cooperation Fee  2.5% Lot Size  NA Taxes $14,616
MLS#  5068120 Days on Market  235 Days Tax Year 2025
Type  Condo Stories  1 Road Frontage  
Bedrooms  2 Style  Flat Water Frontage  
Full Bathrooms  0 Finished  1,566 Sqft Construction  No, Existing
3/4 Bathrooms  2 Above Grade  1,566 Sqft Seasonal  No
Half Bathrooms  0 Below Grade  0 Sqft Year Built  1982
1/4 Bathrooms  0 Garage Size  1 Car County  Chittenden
Interior Features
Equipment & AppliancesDishwasher, Disposal, Washer, Dryer, Refrigerator, Refrigerator, Washer, Tank Water Heater
Kitchen 12'10" x 8'3", 1st Floor Family Room 10'2" x 8'4", 1st Floor Living Room 17'2" x 15'5", 1st Floor
Dining Room 17'2" x 11'4", 1st Floor Primary BR Suite 15' x 15', 1st Floor Bedroom 15'2" x 10'7", 1st Floor
Association  Overlake Condominiums Amenities  Building Maintenance, Master Insurance, Landscaping, Common Acreage, In-Ground Pool , Snow Removal, Tennis Court, Trash Removal Monthly Dues  $1,022
ConstructionWood Frame, Clapboard Exterior, Wood Exterior
BasementClimate Controlled, Full, Interior Stairs, Storage Space
Exterior Features
Disability Features
Foundation   House Color  Cream
Floors  Carpet,Parquet,Vinyl Building Certifications  
Roof  Asphalt Shingle HERS Index  
DirectionsAcross from Redstone Commons on South Prospect Street. Turn into Overlake development, then turn left inside entrance to Building II, #21 interior first floor unit.
Lot DescriptionCondo Development, Lake View, Landscaped, Mountain View, Trail/Near Trail, In Town, Near Country Club, Near Golf Course
Garage & Parking  
Road Frontage Type  Paved,Public Water Access  
Suitable Use Water Type  
Driveway  Common/Shared, Paved Water Body  
Flood Zone  No Zoning  RL
School District  Burlington School District Middle  Assigned
Elementary  Assigned High  Burlington High School
Heating  Natural Gas, Baseboard, Hot Water, Multi Zone Items Excluded  
Cooling  None Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater   Financing  
Cable Co   Documents  Plot Plan, Deed, Plot Plan
Electric  Circuit Breaker(s) Tax ID  114-035-19127
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✱ If you engage a brokerage firm to represent you in a real estate transaction, you are responsible for compensating the firm according to the terms of your brokerage service agreement. Compensation to be paid under a brokerage service agreement is solely and entirely a matter of negotiation between an agent and client and is in no way controlled, fixed, or pre-established. Historically, cooperation fees were published in the Multiple Listing Service (MLS) for each Listing. Recent changes to the rules, prohibit the publication of these fees in the MLS but allow the display on a brokerage's website for their Clients' listings.