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Montpelier 05602 Murray Hill
Lot 1 Murray Hill Drive
Listed by: Timothy Heney, Heney Realtors/Montpelier, Selling Office: Heney Realtors - Element Real Estate (Montpelier), Listing Courtesy of Prime MLS
$114,000
● Land - Off Market

Lot 1 Murray Hill Drive

Montpelier, VT 05602
bedrooms
Studio
bathrooms
0 Bath
$139,384
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

A rare opportunity to build your new home on the last undeveloped homesite in Montpelier's Murray Hill neighborhood. This open site is easy to build upon with public sewer, electric, phone and cable utilities readily available to this site. With south, southeast exposure and lovely views and abutting Association owned common land, this is the ideal location for your dream home. Ownership of this land includes membership in the Murray Hill Homeowners Association and the use and benefit of the Association swimming pool, tennis courts and approximately 18.5 acres of common land.
Unit Size
-
Days on Market
-
Land Size
0.61 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
-

Payment Calculator (Computations Provided by RealtyHop)

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Cap Rate Calculator

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Operating Profit Per Year
Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (Prime MLS #4831164)

Price History

Date / Event Date Event Price
Nov 23, 2021 Sold
Premium
Sold
Sep 25, 2020 Listed by Heney Realtors/Montpelier $125,000
Listed by Heney Realtors/Montpelier

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 26,572
  • Lot Size Frontage Feet: 0
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000000610
  • Standard Land Use Code: 8000
  • County Land Use Code: M
  • Legal Description 1: 0.605 ACRE

Neighborhood

  • Census Tract: 954600

Geography

  • Parcel: (126) 180000001
  • Municipality: MONTPELIER
  • Latitude: 44.2663
  • Longitude: -72.5587

    Address

  • Full Address: 1 Murray Hill Dr
  • Address - House Number: 1
  • Address - Street Name: Murray Hill
  • Address - Suffix Type: Dr
  • State: VT
  • City Name: Montpelier
  • Carrier Code: R001
  • 4-Digit Zip Code: 4204
  • Zip Code: 05602

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 126

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $92,300
  • Assessed Land Value: $92,300

    Sales

  • Current Sale Contract Date: Nov 16, 2021
  • Current Sale Recording Date: Nov 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: DK1423621184
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Murray Hill

Stats & Trends

Median Asking:

$455,000

Sale Price/ft²

$193

Below Asking

0.04%

Average Days on Market

56

Average Home Size

2238 ft²

Average Home Age

39 years

Currently For Sale

1 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Prime

Listed by: Timothy Heney, Heney Realtors/Montpelier
Last Updated Date: 2021-11-24
Last Checked: less than 1 hour ago
Data Source: Prime MLS, MLS# 4831164
Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1 Murray Hill Drive built and last sold?
The property at 1 Murray Hill Drive was built in and last sold on Nov 16, 2021 for $114,000.
How much is this home worth?
The estimated value of the home located at 1 Murray Hill Drive is $0.
What are some comparable homes to 1 Murray Hill Drive?
There are currently no comparable homes to 1 Murray Hill Drive.
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