3753 Route 7 Middlebury, Vermont 05753

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Sold Status
$365,000 Price
Multi Type
7 Beds
9 Baths
4,576 Sqft
Listed By Amey Ryan of IPJ Real Estate

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Addison County

Addison County is situated in the gently rolling countryside of farms and woodlands in the lower Champlain Valley. Bordered by the Adirondacks to the west and the Green Mountains to the east there is something to do throughout all four seasons....

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Prime location and this is an investment opportunity that works financially whether you are an owner occupant or strictly renting all the units out. The farmhouse (c. 1810) has been updated and renovated into 3 one-bedroom apartments. Two on the first floor and one on the second floor. Shared heating system, separate electric. Huge front porch, nice back yard, comfortable apartments. The "shop" building includes a garage/workshop in the center and a one-bedroom apartment and a 3 room office. The "Farmhouse" building and the "shop" building share a mound system (permitted in 2011, WW-9-1493) and well and the main house has a separate system and drilled well. The main house was built in 1982. It's a passive solar design and has a nice flow. Three bedrooms (one on each floor), master on main living level, loft area overlooking the living room and an enclosed porch. Rec room in the basement, lots of storage space, two carport spaces, fenced dog yard and west facing deck - sunsets! House is currently unoccupied, but would likely rent for $1500-$1800/month.

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Property Details

Sold Price  $365,000 Sold Date  Nov 21st, 2019
MLS#  4775793 Bedrooms  7 Garage Size  1 Car
List Price  365,000 Total Bathrooms  9 Year Built  1930
Type  Multi-Family Lot Size  2.5000 Acres Taxes $12,015
Units  5 Stories  2 Road Frontage  331
Annual Income  $29,895 Style  Apartment Building, Bungalow, Chalet, Detached, Farmhouse, Multi-Level, Ranch Water Frontage  
Annual Expenses  $0 Finished  4,576 Sqft Construction  No, Existing
Zoning   AR Above Grade  4,576 Sqft Seasonal  No
Total Rooms  7 Below Grade  0 Sqft List Date  Sep 10th, 2019
Gross Income  $60,000 Operating Expenses  $0 Net Income  $29,895
Expenses Includes 
Unit 1   1 Beds, 1 Baths, 600 SqFt, $800/Monthly Unit 2   1 Beds, 1 Baths, 920 SqFt, $900/Monthly
Unit 3   1 Beds, 1 Baths, 600 SqFt, $850/Monthly Unit 4   1 Beds, 1 Baths, 420 SqFt, $700/Monthly
Unit 5   0 Beds, 1 Baths, 480 SqFt, $750/Monthly Unit 6   3 Beds, 4 Baths, 2,008 SqFt, $0/Mo
ConstructionWood Frame
BasementWalkout, Unfinished, Full, Partially Finished, Bulkhead, Unfinished, Walkout
Interior Features
Exterior Features
Exterior  Vinyl Siding, Wood Siding Disability Features  
Foundation  Stone, Stone House Color  varies
Floors  Vinyl, Carpet, Concrete Building Certifications  
Roof  Shingle-Asphalt, Corrugated, Slate HERS Index  
DirectionsFrom the center of Middlebury, go south on Route 7. Go past the junction with Route 125 and past Three Mile Bridge Road. Property will be on the east side of the road. (Addresses for 3 buildings: 3749, 3751 & 3753). Shared driveway.
Lot DescriptionUnknown, Country Setting, Sloping, Rolling, Sloping, Walking Trails
Garage & Parking  Yes, , , Paved, On Site, Paved
Road Frontage  331 Water Access  
Driveway  Paved, Common/Shared Water Type  
Flood Zone  No Water Body  
Zoning  AR
School District  Addison Central Middle  Middlebury Union Middle #3
Elementary  Mary Hogan School High  Middlebury Senior UHSD #3
Heat Fuel  , Electric, Gas-Lp/Bottle, Wood, Oil Excluded  
Heating/Cool  None, Hot Water, Furnace - Wood/Oil Combo Negotiable  
Sewer  Mound, Leach Field, Septic, Concrete, Septic Parcel Access ROW  
Water  Drilled Well ROW for Other Parcel  
Water Heater  Electric Financing  
Cable Co   Documents  Deed, Property Disclosure, State Wastewater Permit
Electric  Circuit Breaker Tax ID  387-120-10259

† The remarks published on this webpage originate from Listed By Amey Ryan of IPJ Real Estate via the NNEREN IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman Realty. Coldwell Banker Hickok & Boardman Realty cannot be held responsible for possible violations of copyright resulting from the posting of any data from the NNEREN IDX Program.