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Grand Isle
2497 US Route 2 South
Listed by: Michael Savage, Paul Poquette Realty Group LLC, Selling Office: Paul Poquette Realty Group LLC, Listing Courtesy of Prime MLS
$55,000
● Land - Off Market

2497 US Route 2 South

Alburgh, VT 05440
bedrooms
Studio
bathrooms
0 Bath
$50,478
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

Improved one acre building lot!  Priced below tax assessed value!  On site water and septic for a two bedroom home.  High traffic and visibility area and no zoning lends itself to residential and commercial possibilities!
Unit Size
-
Days on Market
-
Land Size
1.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$88
HOA Dues
-
Year Built
1970

Payment Calculator (Computations Provided by RealtyHop)

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Cap Rate Calculator

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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 #4907625)

Price History

Date / Event Date Event Price
Jun 2, 2022 Sold
Premium
Sold
Apr 29, 2022 Listed by Paul Poquette Realty Group LLC $49,900
Listed by Paul Poquette Realty Group LLC

Property Highlights

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 33
  • 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: 43,560
  • Total Building Area: 0
  • Building Area: 468
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 468
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000001000
  • Standard Land Use Code: 8001
  • County Land Use Code: 130
  • Legal Description 1: LOT

Neighborhood

  • School District Name: Grand Isle Supervisory Union
  • Census Tract: 020100

Geography

  • Parcel: (003) RS263
  • Municipality: ALBURGH
  • Latitude: 44.9568
  • Longitude: -73.273

    Address

  • Full Address: 2497 Us Route 2 S
  • Address - House Number: 2497
  • Street Segment Direction: S
  • Address - Street Name: Us Route 2
  • State: VT
  • City Name: Alburgh
  • Carrier Code: R003
  • 4-Digit Zip Code: 8704
  • Zip Code: 05440

Valuation

    Tax

  • Tax Year: 2019
  • Tax Amount: $21,900
  • Tax Rate Code Area: 003

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $52,000
  • Assessed Land Value: $42,000
  • Assessed Improvements Value: $10,000

    Sales

  • Current Sale Contract Date: Jun 02, 2022
  • Current Sale Recording Date: Jun 06, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: DK 17593920
  • Previous Sale Recording Date: Aug 13, 2018
  • Previous Sale Contract Date: Jul 24, 2018
  • Previous Sale Document Type: 27
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 Grand Isle

Stats & Trends

Median Asking:

$515,000

Sale Price/ft²

$251

Below Asking

0.02%

Average Days on Market

88

Average Home Size

2930 ft²

Average Home Age

65 years

Currently For Sale

63 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: Michael Savage, Paul Poquette Realty Group LLC
Last Updated Date: 2022-06-02
Last Checked: -2 hour ago
Data Source: Prime MLS, MLS# 4907625
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 2497 U.S. 2 built and last sold?
The property at 2497 U.S. 2 was built in 1970 and last sold on Jun 2, 2022 for $55,000.
How much is this home worth?
The estimated value of the home located at 2497 U.S. 2 is $0.
What are some comparable homes to 2497 U.S. 2?
There are currently no comparable homes to 2497 U.S. 2.
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