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Addison 05491
279 Cedar Drive
Listed by: Sean Dye, BHHS Vermont Realty Group/Vergennes, Selling Office: BHHS Vermont Realty Group/Middlebury, Listing Courtesy of Prime MLS
$15,000
● Land - Off Market

279 Cedar Drive

Addison, VT 05491
bedrooms
Studio
bathrooms
0 Bath
$44,257
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model

About This Property

This recreational lot will provide the new owners with deeded access to Lake Champlain. The seller believes that a septic system cannot be put on this lot. This is a perfect seasonal location for your RV. It may be possible to put a septic holding tank at this site. Short commute to Middlebury and Vergennes. Just a few minutes to the Champlain Bridge, Bridge Marina and the Bridge Restaurant.
Unit Size
-
Days on Market
-
Land Size
0.67 acres
Price per sqft
-
Property Type
Land
Property Taxes
$97
HOA Dues
-
Year Built
-

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 #4745043)

Price History

Date / Event Date Event Price
May 10, 2019 Sold
Premium
Sold
Apr 11, 2019 Listed by BHHS Vermont Realty Group/Vergennes $30,000
Listed by BHHS Vermont Realty Group/Vergennes

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: 29,185
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Land Acres: 0000000670
  • Standard Land Use Code: 0010
  • County Land Use Code: M
  • Legal Description 1: LAND (ROW)

Neighborhood

  • School District Name: Addison Central Supervisory Union
  • Census Tract: 960400

Geography

  • Parcel: (001) CD0279
  • Municipality: ADDISON
  • Latitude: 44.0456
  • Longitude: -73.4193

    Address

  • Full Address: 279 Cedar Dr
  • Address - House Number: 279
  • Address - Street Name: Cedar
  • Address - Suffix Type: Dr
  • State: VT
  • City Name: Vergennes
  • Carrier Code: R001
  • 4-Digit Zip Code: 8411
  • Zip Code: 05491

Valuation

    Tax

  • Tax Year: 2019
  • Tax Amount: $0
  • Tax Rate Code Area: 001

    Assessments Valuation

  • Assessed Year: 2019
  • Assessed Total Value: $60,500
  • Assessed Land Value: $60,500

    Sales

  • Current Sale Contract Date: May 10, 2019
  • Current Sale Recording Date: May 13, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: DK 465880448
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 Addison

Stats & Trends

Median Asking:

$470,000

Sale Price/ft²

$193

Below Asking

0.02%

Average Days on Market

66

Average Home Size

3173 ft²

Average Home Age

67.4 years

Currently For Sale

114 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: Sean Dye, BHHS Vermont Realty Group/Vergennes
Last Updated Date: 2019-10-01
Last Checked: 9 hours ago
Data Source: Prime MLS, MLS# 4745043
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 279 Cedar Drive built and last sold?
The property at 279 Cedar Drive was built in and last sold on May 10, 2019 for $15,000.
How much is this home worth?
The estimated value of the home located at 279 Cedar Drive is $0.
What are some comparable homes to 279 Cedar Drive?
There are currently no comparable homes to 279 Cedar Drive.
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