4668 Route 116 Shelburne, Vermont 05482 MLS# 4624429

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Sold Status

$495,000 Sold Price

Multi Type

6 Beds

3 Baths

3,420 Sqft

Listed By Curtis Trousdale of Preferred Properties - Off: 802-862-9106
Sold By Preferred Properties
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Shelburne

4668 Route 116

Rare Shelburne Vermont opportunity! This 58 +/-acre farm comes equipped with a 120’ x 90’ horse barn, numerous pastures & fields, endless private trails & a fully rented residential tri-plex. The fully-enclosed barn with a vaulted roof provides protected riding through a typical New England winter. Twelve covered stalls open directly to the riding rink providing ease of access and protection from the mud & weather. In addition to the heated tack room, water has been brought to the barn and hay is stored in an adjacent trailer. Through a barn Co-op the stalls rent at $160 p/m each for a total of $1,920 p/m. Approximately 30 acres of usable pastures and hayfields surround the barn, mostly level and organized for rotational grazing and riding. All grazing areas are enclosed by electric fencing and the fields have been designed to create a natural runway system for your horses from the barn to the pastures. Almost 2 miles of natural riding trails were created around the border the property. Those looking for additional income will enjoy the fully rented 2-story triplex. All three apartments include 2BR/1BA with a total income of $3,125 p/m. For a purchaser looking to add a primary residence there is a potential location on the southern end of the property that can offer privacy & potential views of Shelburne Pond. This would require subdivision and has not been fully investigated by the seller.

Property Location

4668 Route 116 Shelburne

Property Details

Sold Price  $495,000 Sold Date  Jul 7th, 2017
MLS#  4624429 Bedrooms  6 Garage Size   Car
List Price  550,000 Total Bathrooms  3 Year Built  1920
Type  Multi-Family Lot Size  58.0000 Acres Taxes $7,147
Units  3 Stories  2 Road Frontage  1840
Annual Income  $0 Style  Multi-Family, Multi-Level Water Frontage  
Annual Expenses  $18,859 Finished  3,420 Sqft Construction  No, Existing
Zoning   Rural, Conservation Above Grade  2,280 Sqft Seasonal  No
Total Rooms  6 Below Grade  1,140 Sqft List Date  Mar 28th, 2017
Gross Income  $0 Operating Expenses  $18,859 Net Income  $60,540
Expenses Includes 
Unit 1   2 Beds, 1 Baths, 867 SqFt, $1,150/Mo Unit 2   2 Beds, 1 Baths, 753 SqFt, $1,050/Mo
Unit 3   2 Beds, 1 Baths, 660 SqFt, $925/Mo Unit 4   Beds, Baths, 10,800 SqFt, $1,920/Mo
ConstructionWood Frame
BasementWalkout, No Tenant Access, Concrete, Exterior Stairs, No Tenant Access, Stairs - Exterior
Interior Features
Exterior Features
Exterior  Vinyl Siding Disability Features  
Foundation  Concrete House Color  Grey
Floors  Carpet, Hardwood, Laminate, Laminate Building Certifications  
Roof  Metal HERS Index  
DirectionsFrom Burlington - Take Williston Road to Dorset St. Turn right on Dorset St. Left onto Kennedy Ave. Right onto Route 116. Follow for approximately 4 miles and look for sign on right.
Lot DescriptionYes, Agricultural Prop, Fields, Pasture, Conserved Land, Country Setting, Common Acreage
Garage & Parking  No, , , On Site, On-Site
Road Frontage  1840 Water Access  
Driveway  Gravel Water Type  
Flood Zone  Yes Water Body  
Zoning  Rural, Conservation
School District  Chittenden South Middle  Shelburne Community School
Elementary  Shelburne Community School High  Champlain Valley UHSD #15
Heat Fuel  , Oil Excluded  
Heating/Cool  None, Baseboard, Common, Heat Included Negotiable  
Sewer  1000 Gallon, Leach Field Parcel Access ROW  No
Water  Drilled Well, Private, Private ROW for Other Parcel  No
Water Heater  Shared, Oil, Owned, Shared Financing  , Conventional, Portfolio, Cash Only
Cable Co  Fairpoint Communications Documents  Septic Design, Deed, Lease Agreements, Septic Design, State Land-Use Permit, Tax Map
Electric  On-Site Tax ID  582-183-10080
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† The remarks published on this webpage originate from Listed By Curtis Trousdale of Preferred Properties - Off: 802-862-9106 via the NNEREN IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. 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.