Listed by: Sandi Kenyon, Coldwell Banker Hickok and Boardman, Selling Office: Coldwell Banker Hickok and Boardman, Listing Courtesy of Prime MLS
$135,000
●
House -
Off Market
118 Rail Road
Colchester, VT 05446
Studio
0 Bath
$239,277
RealtyHop Estimate
77.24%
Since Feb 1, 2016
National-US
Primary Model
About This Property
Your opportunity to live on Mills Point. Mahogany sided
weather-tight structure with Mahogany side deck, great potential to
become a home. Unfinished interior of this 32x22 structure has
garage space and 2nd story, situated on .4 acre leased lot, 20 year
lease plus 20 more. Build your own house or finish the interior of
this structure with back entry stairs and live there. Beautiful
cultured stone all around the bottom of building. Lake rights,
swimming, boating and boat mooring; next to the Island Line Trail
and causeway to South Hero. Power at pole across the street, public
water, septic system design available, 2 natural gas hookups. A
short commute to Burlington. Enjoy all the amenities in a community
of easy lake living. See also MLS #4441733.
Unit Size
-
Days on Market
-
Land Size
0.40 acres
Price per sqft
-
Property Type
House
Property Taxes
$130
HOA Dues
-
Year Built
2014
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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 #4438595)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 31, 2021 | No longer available | - | |
| No longer available | |||
| Mar 30, 2021 | Listed by RE/MAX North Professionals - Burlington | $299,000 | |
| Listed by RE/MAX North Professionals - Burlington | |||
| | |||
|
A new opportunity awaits to live on Mills Point with the possible potential to expand. Steps away from the Colchester Causeway and just a few minutes to Airport Park. Mahogany sided weather-tight structure with Mahogany side deck. Beautiful cultured stone all around the bottom of building. Home has been nicely finished by the current owner and added owned solar panels to keep property highly efficient and utility costs low. Main living area features vaulted ceilings and loads of natural light leading up to the bedroom loft area. Property has a newer septic system that was approved for a 3 bedroom home .4 acre leased lot, 20 year lease plus 20 more. Live in the property as is or draft up some plans for potential expansion. . Lake rights, swimming, boating and boat mooring. The manager has listed the unit size as 986 square feet.
| |||
| Sep 3, 2019 | No longer available | - | |
| No longer available | |||
| Apr 3, 2019 | Listed | $324,900 | |
| Listed | |||
| | |||
|
A new opportunity awaits to live on Mills Point with the potential to expand. Steps away from the Colchester Causeway and just a few minutes by bicycle to Airport Park. Mahogany sided weather-tight structure with Mahogany side deck. Beautiful cultured stone all around the bottom of building. Home has been nicely finished by the current owner and added owned solar panels to keep property highly efficient and utility costs low. Main living area features vaulted ceilings and loads of natural light leading up to the bedroom loft area. Property has a newer septic system that is approved for a 3 bedroom home .4 acre leased lot, 20 year lease plus 20 more. Live in the property as is or draft up some plans for potential expansion. . Lake rights, swimming, boating and boat mooring. The manager has listed the unit size as 1264 square feet.
| |||
| Jan 6, 2016 | Sold | ||
| Sold | |||
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Building Info
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About Malletts Bay
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Listed by: Sandi Kenyon, Coldwell Banker Hickok and Boardman
Last Updated Date: 2016-09-20
Last Checked: 6 hours ago
Data Source: Prime MLS, MLS# 4438595
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.
Last Updated Date: 2016-09-20
Last Checked: 6 hours ago
Data Source: Prime MLS, MLS# 4438595
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