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Addison
375 Palmer Road
Listed by: Nancy Larrow, BHHS Vermont Realty Group/Vergennes, Selling Office: Champlain Valley Properties, Listing Courtesy of Prime MLS
$445,000
● House - Off Market

375 Palmer Road

Shoreham, VT 05770
bedrooms
3 Beds
bathrooms
1 Bath
square feet
2,394 Ft²
$436,262
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Welcome to the country!  This well maintained ranch style home is filled with rustic, nostalgic charm There are 3 bedrooms on the main level and an additional family room, office/ gym and storage room in the basement. It is  sited on 15+ acres with a pond and out building that was once a small stable and could be updated for many uses. There is a meadow for grazing and woods for hunting.  You could use the land for walking trails, snowmobiling, or to just sit on your back patio and enjoy the quiet. You need to come see how special this property is. Approximately 15 minutes to Middlebury and 30 to Vergennes.
Unit Size
2,394 Ft²
Days on Market
-
Land Size
15.35 acres
Price per sqft
$183
Property Type
House
Property Taxes
$498
HOA Dues
-
Year Built
1975

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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 #4964095)

Price History

Date / Event Date Event Price
Sep 22, 2023 Sold
Premium
Sold
Aug 2, 2023 Listed by BHHS Vermont Realty Group/Vergennes $439,000
Listed by BHHS Vermont Realty Group/Vergennes

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,650
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 668,646
  • Total Building Area: 1,650
  • Building Area: 1,650
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,650
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000015350
  • Standard Land Use Code: 1001
  • County Land Use Code: 101
  • Legal Description 1: 15.35 A & DWL

Neighborhood

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

Geography

  • Parcel: (186) 06-01-30.000
  • Municipality: SHOREHAM
  • Latitude: 43.9157
  • Longitude: -73.2844

    Address

  • Full Address: 375 Palmer Rd
  • Address - House Number: 375
  • Address - Street Name: Palmer
  • Address - Suffix Type: Rd
  • State: VT
  • City Name: Shoreham
  • Carrier Code: R021
  • 4-Digit Zip Code: 9596
  • Zip Code: 05770

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $548,200
  • Tax Rate Code Area: 186

    Appraisal Valuation

  • Standard Deviation: 0.1247
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 86
  • Final Value: 466,753
  • High Value: 524,983
  • Low Value: 408,523

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $248,300
  • Assessed Land Value: $60,300
  • Assessed Improvements Value: $188,000

    Sales

  • Current Sale Contract Date: Sep 22, 2023
  • Current Sale Recording Date: Nov 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 1122622784
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

3220 ft²

Average Home Age

69.5 years

Currently For Sale

112 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: Nancy Larrow, BHHS Vermont Realty Group/Vergennes
Last Updated Date: 2023-09-22
Last Checked: 6 hours ago
Data Source: Prime MLS, MLS# 4964095
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 375 Palmer Road built and last sold?
The property at 375 Palmer Road was built in 1975 and last sold on Sep 22, 2023 for $445,000.
How much is this home worth?
The estimated value of the home located at 375 Palmer Road is $444,910.
What are some comparable homes to 375 Palmer Road?
There are currently no comparable homes to 375 Palmer Road.
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