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Addison
2897 Lapham Bay Road
Listed by: Anna Charlebois-Ouellett, BHHS Vermont Realty Group/S Burlington, Selling Office: Coldwell Banker Hickok and Boardman, Listing Courtesy of Prime MLS
$405,000
● House - Off Market

2897 Lapham Bay Road

Shoreham, VT 05770
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,484 Ft²
$454,080
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

First Floor Living with elegant exterior look and panoramic views.  Nice open floor plan 3 bedrooms 3 bathrooms with office and bonus room.   Partial finished walkout basement. Radiant heat floors throughout entire house (main floor & basement).  Big Deck with otter creek awning that overlooks the grape vine vineyard of 2, 100-foot rows of grape vines.  Attached 2 car garage,  All situated on 10.30 private ac's in the low-density residential Minimum 2 ac zoning district,  additional curb cut ROW easement on west side of lot,  giving this property potential development ability (state and local permits would need to be obtained). Unfinished part of basement is already plumbed for accessory unit (state and local permits would need to be obtained). Master bedroom Carpet is being replaced. Turn key living at its best.
Unit Size
2,484 Ft²
Days on Market
-
Land Size
10.30 acres
Price per sqft
$161
Property Type
House
Property Taxes
$497
HOA Dues
-
Year Built
2004

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 #4871203)

Price History

Date / Event Date Event Price
Sep 10, 2021 Sold
Premium
Sold
Jul 7, 2021 Listed by BHHS Vermont Realty Group/S Burlington $400,000
Listed by BHHS Vermont Realty Group/S Burlington

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 17
  • Exterior Walls Type: 29
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,659
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 448,668
  • Total Building Area: 1,659
  • Building Area: 1,659
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 1,659
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000010300
  • Standard Land Use Code: 1001
  • County Land Use Code: 101
  • Legal Description 1: 10.3 A & DWL

Neighborhood

  • School District Name: Addison Central Supervisory Union
  • Census Tract: 960900

Geography

  • Parcel: (186) 04-01-07.012
  • Municipality: SHOREHAM
  • Latitude: 43.9278
  • Longitude: -73.3666

    Address

  • Full Address: 2897 Lapham Bay Rd
  • Address - House Number: 2897
  • Address - Street Name: Lapham Bay
  • Address - Suffix Type: Rd
  • State: VT
  • City Name: Shoreham
  • Carrier Code: R021
  • 4-Digit Zip Code: 4407
  • Zip Code: 05770

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $590,600
  • Tax Rate Code Area: 186

    Appraisal Valuation

  • Standard Deviation: 0.1866
  • Valuation Date: Apr 19, 2023
  • Confidence Score: 62
  • Final Value: 334,411
  • High Value: 396,839
  • Low Value: 271,982

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $267,500
  • Assessed Land Value: $56,200
  • Assessed Improvements Value: $211,300

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 10, 2021
  • Current Sale Recording Date: Sep 13, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: DK1779682368
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:

$472,450

Sale Price/ft²

$193

Below Asking

0.02%

Average Days on Market

66

Average Home Size

3179 ft²

Average Home Age

67.8 years

Currently For Sale

113 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: Anna Charlebois-Ouellett, BHHS Vermont Realty Group/S Burlington
Last Updated Date: 2021-09-10
Last Checked: 7 hours ago
Data Source: Prime MLS, MLS# 4871203
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 2897 Lapham Bay Road built and last sold?
The property at 2897 Lapham Bay Road was built in 2004 and last sold on Sep 10, 2021 for $405,000.
How much is this home worth?
The estimated value of the home located at 2897 Lapham Bay Road is $409,007.
What are some comparable homes to 2897 Lapham Bay Road?
There are currently no comparable homes to 2897 Lapham Bay Road.
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