by RH Advisors

See Home Value
Addison
401 Longpoint Road
Listed by: Ralph Harvey, Listwithfreedom.com, Selling Office: Flex Realty, Listing Courtesy of Prime MLS
$250,000
● House - Off Market

401 Longpoint Road

Ferrisburgh, VT 05473
bedrooms
Studio
bathrooms
0 Bath
square feet
3,064 Ft²
$1,485
Est. Monthly
5.02%
Cap Rate

About This Property

Large turn of the century post and beam building, and two outbuildings, on flat one half acre Industrial (IND-2) district zoned lot on "No Outlet" road down to the Long Point Corp. summer community on lake Champlain.  Formerly a Country Store on first floor with owner's three bedroom apartment on second floor with unobstructed views of corn fields to the south and lovely views to the west from the screened in second floor porch.  The main building and the two outbuildings have been structurally repaired, and all have new roof systems.  The interiors have been gutted and are a blank canvas. The property includes a drilled well and a 1,000 gallon concrete septic tank and leach field. The main building has a large attic and a poured concrete foundation and concrete cellar floor slab.  The two bay garage outbuilding has a stand up second floor and could be easily converted into a two bedroom cottage.  The property has been gutted and is ready for renovation and many opportunities abound with this commercial location for potential Cannabis manufacturing/retail, restaurant, antique shop or other specialty business with owner's residence and multi-unit rental potential.  For the savvy investor this property is a perfect candidate for several grants available through the Vermont Housing Improvement (VHIP) program and the VHIP addendum for the Healthy Homes Initiatives (VHIP-HHI).
Unit Size
3,064 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$85
Property Type
House
Property Taxes
$208
HOA Dues
-
Year Built
-

Payment Calculator (Computations Provided by RealtyHop)

Cap Rate Calculator

Last updated: 3 years ago (Prime MLS #4988970)

Price History

Date / Event Date Event Price
Jul 11, 2024 Sold
Sold
Jul 3, 2024 In contract -
In contract
Mar 22, 2024 Listed by Listwithfreedom.com $260,000
Listed by Listwithfreedom.com

Property Highlights

Garage

Building Info

Overview

    General

  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 6
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,532
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,780
  • Total Building Area: 3,064
  • Building Area: 3,064
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,064
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000500
  • Standard Land Use Code: 1000
  • County Land Use Code: 117
  • Legal Description 1: DWL/DET SHEDS

Neighborhood

  • School District Name: Addison Northwest Supervisory Union
  • Census Tract: 960200

Geography

  • Parcel: (073) 05/01/28
  • Municipality: FERRISBURGH
  • Latitude: 44.2511
  • Longitude: -73.2548

    Address

  • Full Address: 401 Longpoint Rd
  • Address - House Number: 401
  • Address - Street Name: Longpoint
  • Address - Suffix Type: Rd
  • State: VT
  • City Name: North Ferrisburgh
  • Carrier Code: R001
  • 4-Digit Zip Code: 7089
  • Zip Code: 05473

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $249,700
  • Tax Rate Code Area: 073

    Appraisal Valuation

  • Standard Deviation: 0.2112
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 57
  • Final Value: 272,078
  • High Value: 329,557
  • Low Value: 214,598

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $132,600
  • Assessed Land Value: $61,200
  • Assessed Improvements Value: $71,400

    Sales

  • Current Sale Contract Date: Jan 27, 2016
  • Current Sale Recording Date: Feb 01, 2016
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 201605031113994021
  • Previous Sale Recording Date: Sep 28, 2015
  • Previous Sale Contract Date: Apr 16, 2015
  • Previous Sale Amount: $103,400
  • Previous Sale Document Type: 34
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Addison


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals



Frequently Asked Questions

When was property at 401 Long Point Road built and last sold?
The property at 401 Long Point Road was built in and last sold on Jan 27, 2016 for $66,500.
How much is this home worth?
The estimated value of the home located at 401 Long Point Road is $276,503.
What are some comparable homes to 401 Long Point Road?
There are currently no comparable homes to 401 Long Point Road.