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Grand Isle
557 Bay Road
Listed by: Nancy Larrow, BHHS Vermont Realty Group/Vergennes, Selling Office: BHHS Vermont Realty Group/Vergennes, Listing Courtesy of Prime MLS
$200,000
● Land - Off Market

557 Bay Road

Alburgh, VT 05440
bedrooms
Studio
bathrooms
0 Bath
$197,759
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Lake Champlain building lot with land for gardens or recreation. Do you want to put your RV on your own land for the summer? Or build your Lakeside cottage so you never miss a sunset?  This gentle sloping lot may be just what you are looking for.  This lot has been in the same family for 3 generations and it is now time for new stewardship.  There is an existing in ground system that was installed prior to the  new ww regulations and never hooked up. The initial soil testing  is completed  for a mound system. The waste water permit and design will be provided by seller prior to closing.
Unit Size
-
Days on Market
-
Land Size
3.50 acres
Price per sqft
-
Property Type
Land
Property Taxes
$274
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 #4959287)

Price History

Date / Event Date Event Price
Sep 29, 2023 Sold
Premium
Sold
Jun 27, 2023 Listed by BHHS Vermont Realty Group/Vergennes $199,000
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: 152,460
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000003500
  • Standard Land Use Code: 8001
  • County Land Use Code: 130
  • Legal Description 1: LAND

Neighborhood

  • School District Name: Grand Isle Supervisory Union
  • Census Tract: 020100

Geography

  • Parcel: (003) AD028
  • Municipality: ALBURGH
  • Latitude: 45.0071
  • Longitude: -73.334

    Address

  • Full Address: 557 Bay Rd
  • Address - House Number: 557
  • Address - Street Name: Bay
  • Address - Suffix Type: Rd
  • State: VT
  • City Name: Alburgh
  • Carrier Code: R002
  • 4-Digit Zip Code: 1702
  • Zip Code: 05440

Valuation

    Tax

  • Tax Year: 2019
  • Tax Amount: $326,600
  • Tax Rate Code Area: 003

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $170,200
  • Assessed Land Value: $170,200

    Sales

  • Current Sale Contract Date: Sep 29, 2023
  • Current Sale Recording Date: Nov 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 373939520
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 Grand Isle

Stats & Trends

Median Asking:

$519,000

Sale Price/ft²

$250

Below Asking

0.02%

Average Days on Market

88

Average Home Size

2918 ft²

Average Home Age

63.7 years

Currently For Sale

64 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

Currently no nearby rentals
Prime

Listed by: Nancy Larrow, BHHS Vermont Realty Group/Vergennes
Last Updated Date: 2023-09-29
Last Checked: 9 hours ago
Data Source: Prime MLS, MLS# 4959287
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 557 Bay Road built and last sold?
The property at 557 Bay Road was built in and last sold on Sep 29, 2023 for $200,000.
How much is this home worth?
The estimated value of the home located at 557 Bay Road is $200,990.
What are some comparable homes to 557 Bay Road?
There are currently no comparable homes to 557 Bay Road.
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