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Newport 05855
120 Clover Lane
Listed by: James Campbell, Jim Campbell Real Estate, Selling Office: Four Seasons Sotheby's Int'l Realty, Listing Courtesy of Prime MLS
$725,000
● House - Off Market

120 Clover Lane

Newport City, VT 05855
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,232 Ft²
$790,420
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

The perfect spot on Lake Memphremagog!  Gorgeous sunsets, great swimming, year-round living and more.  This 3+ bedroom home on a .78 acre lot offers convenience to everything but tucked in nicely to allow for perfect privacy.  One of the premier spots on the water with no worries for weeds or a rocky bottom.  This kitchen is set up with a wonderful Garland multi-burner propane stove for the chef in you!  Lovely 3-season room/covered porch that looks right down the lake.  Attached 2-car garage and a storage shed. Also includes an extra attached .23 acre building lot which would be ideal for an outbuilding with guest quarters.  Close to Jay Peak skiing, the bike path, shopping, restaurants and more.
Unit Size
2,232 Ft²
Days on Market
-
Land Size
1.01 acres
Price per sqft
$336
Property Type
House
Property Taxes
$1,254
HOA Dues
-
Year Built
1997

Payment Calculator (Computations Provided by RealtyHop)

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #4927005)

Price History

Date / Event Date Event Price
Nov 11, 2022 Sold
Premium
Sold
Aug 25, 2022 Listed by Jim Campbell Real Estate $749,000
Listed by Jim Campbell Real Estate

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 21
  • Exterior Walls Type: 29
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 33,977
  • Total Building Area: 2,232
  • Gross Building Area: 3,560
  • Building Area: 2,232
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,232
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000780
  • Standard Land Use Code: 1001
  • County Land Use Code: 101
  • Legal Description 1: HOUSE

Neighborhood

  • School District Name: North Country Supervisory Union
  • Census Tract: 951500

Zoning

  • Zoning: GR

Geography

  • Parcel: (136) 104013
  • Municipality: NEWPORT CITY
  • Latitude: 44.9607
  • Longitude: -72.2052

    Address

  • Full Address: 120 Clover Ln
  • Address - House Number: 120
  • Address - Street Name: Clover
  • Address - Suffix Type: Ln
  • State: VT
  • City Name: Newport
  • Carrier Code: R001
  • 4-Digit Zip Code: 9899
  • Zip Code: 05855

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,358,800
  • Tax Rate Code Area: 136

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $455,500
  • Assessed Land Value: $229,800
  • Assessed Improvements Value: $225,700

    Sales

  • Current Sale Contract Date: Nov 10, 2022
  • Current Sale Recording Date: Dec 05, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: DK1764081216
  • Previous Sale Recording Date: Aug 22, 1995
  • Previous Sale Contract Date: Aug 18, 1995
  • Previous Sale Amount: $106,000
  • Previous Sale Document Type: 36
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 Newport

Stats & Trends

Median Asking:

$259,000

Sale Price/ft²

$109

Below Asking

0.02%

Average Days on Market

63

Average Home Size

2976 ft²

Average Home Age

78.9 years

Currently For Sale

22 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

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Prime

Listed by: James Campbell, Jim Campbell Real Estate
Last Updated Date: 2022-11-11
Last Checked: 9 hours ago
Data Source: Prime MLS, MLS# 4927005
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 120 Clover Lane built and last sold?
The property at 120 Clover Lane was built in 1997 and last sold on Nov 10, 2022 for $725,000.
How much is this home worth?
The estimated value of the home located at 120 Clover Lane is $733,688.
What are some comparable homes to 120 Clover Lane?
There are currently no comparable homes to 120 Clover Lane.
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