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Benson 05743
516 Lake
Listed by: Wenda Bird, Bird Real Estate, 802-468-2228 Selling Office: Bird Real Estate, Listing Courtesy of Prime MLS
$449,000
● House - Off Market

516 Lake

Benson, VT 05743
bedrooms
3 Beds
bathrooms
1 Bath
square feet
4,206 Ft²
$2,797
Est. Monthly

About This Property

1860C Vermont Quintessential Farmhouse in Benson located on 8.7 Acres +/- mostly Hay-able Pastures.  Newer Barn with 5 horse stalls for you or to Board others. Equipment Barn and 2 car Garage.  Exquisite Views to the East from a Enclosed Peaceful Sunporch.  This is where you will spend most of your time when you rise, enjoying your cup of Coffee or Tea or reading in the twilight of the evening at the end of your day. The South room, off the Kitchen, encompasses a view of a Dirt Track where Horses have been trained  for Saratoga.  The Farmhouse is a blank Canvas waiting for your personal touch to make it your Forever Home.
Unit Size
4,206 Ft²
Days on Market
-
Land Size
8.70 acres
Price per sqft
$107
Property Type
House
Property Taxes
$592
HOA Dues
-
Year Built
1860

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: 8 months ago (Prime MLS #5047341)

Price History

Date / Event Date Event Price
Dec 8, 2025 Sold
Premium
Sold
Jun 18, 2025 Listed by Bird Real Estate $489,000
Listed by Bird Real Estate

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1860
  • Effective Year Built: 1860
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 29
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 6
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,438
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 378,972
  • Total Building Area: 3,429
  • Building Area: 3,429
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,429
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000008700
  • Standard Land Use Code: 1001
  • County Land Use Code: 101
  • Legal Description 1: DWL

Neighborhood

  • School District Name: Addison Rutland Supervisory Union
  • Census Tract: 962300

Geography

  • Assessors Map Reference: 000010.72
  • Parcel: (016) 00001072
  • Municipality: BENSON
  • Latitude: 43.707
  • Longitude: -73.3056

    Address

  • Full Address: 516 Lake Rd
  • Address - House Number: 516
  • Address - Street Name: Lake
  • Address - Suffix Type: Rd
  • State: VT
  • City Name: Benson
  • Carrier Code: R002
  • 4-Digit Zip Code: 9691
  • Zip Code: 05743

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $666,300
  • Tax Rate Code Area: 016

    Appraisal Valuation

  • Standard Deviation: 0.1866
  • Valuation Date: Apr 19, 2023
  • Confidence Score: 62
  • Final Value: 292,678
  • High Value: 347,315
  • Low Value: 238,040

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $288,300
  • Assessed Land Value: $33,600
  • Assessed Improvements Value: $254,700

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 15, 2000
  • Current Sale Recording Date: Sep 18, 2000
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 36
  • Current Sale Input Document Number: 356235
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 Benson

Stats & Trends

Median Asking:

$275,000

Sale Price/ft²

$73

Below Asking

0.02%

Average Days on Market

67

Average Home Size

3643 ft²

Average Home Age

116.5 years

Currently For Sale

0 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Currently no similar homes around

Nearby Rentals

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Prime

Listed by: Wenda Bird, Bird Real Estate
Last Updated Date: 2025-12-22
Last Checked: 6 hours ago
Data Source: Prime MLS, MLS# 5047341
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 516 Lake Road built and last sold?
The property at 516 Lake Road was built in 1860 and last sold on Sep 15, 2000 for $215,000.
How much is this home worth?
The estimated value of the home located at 516 Lake Road is $0.
What are some comparable homes to 516 Lake Road?
There are currently no comparable homes to 516 Lake Road.
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