Listed by Steve Lipkin • Coldwell Banker Hickok and Boardman. Bought with Coldwell Banker Hickok and Boardman.
Off Market Jun 2017 for $1M
$1,278,881
Est. refi paymentEst. refi$6,560/mo
12
bd
•
6 ba
•
3,780
sq ft
38 Quarry Hill Rd, South Burlington, VT 05403
About this home
Great cap rate on this 3-Unit building less than one mile from the UVM campus and hospital. Nice townhouse-style apartments with 4 bedrooms and 2 baths each. All with fully-equipped kitchens and private laundry. Separate utilities, plenty of parking plus central location with the bike path out the front door. Tenants share and enjoy an expansive, flat backyard with room for gardens. Property backs up to the UVM agricultural research center with views of grazing horses and the green mountains! Minutes to I-89, airport and downtown Burlington.
Multi-familyProperty Type
1983Year Built
0.51 acresLot Size
$338Est. Price/Sq.Ft.
Listed by Steve Lipkin• Coldwell Banker Hickok and Boardman
Bought with Steve Lipkin• Coldwell Banker Hickok and Boardman
Exceptional University Of Vermont Rental Property That Borders The UVM Agricultural Farm! Literally Minutes Walking Distance To The Infamous Albert D. Gutterson Field House And The Roy L. Patrick Gymnasium! Prized Spear Street Location! Awesome Pastoral Views Of The Green Mountain Range! Gross Revenues, Previously Noted In The Listing Documentation, Are Based Upon The Subject Property Being At Full Occupancy! Excellent Rental History!
PrimeMLS #3012416
Jul 8, 2002
Sold
$360,000
$95/sq ft
Jan 18, 2002
Listed
$375,000
$99/sq ft
3 LEVEL TOWNHOUSE STYLE APARTMENT IN EXCELLENT LOCATION OFF SPEAR STREET BORDERING THE UVM HORSE FARM. ALL SEPERATE UTILITIES, LOADS OF PARKING, CLA FOR DETAILS ON INCOME EXPENSE.
Year
Property tax
Land + Additions
Assessment*
2025
$9,600 (−1.8%)
$120,700 + $459,300
$580,000
2024
$9,774 (+12.6%)
$120,700 + $459,300
$580,000
2023
$8,678 (−22.0%)
$120,700 + $459,300
$580,000
2022
$11,122 (+2.3%)
$120,700 + $459,300
$580,000
2021
$10,869 (+22.2%)
$120,700 + $459,300
$580,000
2020
$8,893 (−12.7%)
$96,300 + $356,200
$452,500
2019
$10,188 (+3.3%)
$96,300 + $356,200
$452,500
2018
$9,865 (+15.1%)
$96,300 + $356,200
$452,500
2017
$8,572 (−8.4%)
$96,300 + $356,200
$452,500
2016
$9,356 (+0.9%)
$96,300 + $356,200
$452,500
2015
$9,271 (+3.5%)
$96,300 + $356,200
$452,500
2014
$8,959 (+1,065.0%)
$96,300 + $356,200
$452,500
2011
$769
$96,300 + $356,200
$452,500
Tax history for 38 Quarry Hill Rd
Year
Property tax
Land + Additions
Assessment*
2025
$9,600 (−1.8%)
$120,700 + $459,300
$580,000
2024
$9,774 (+12.6%)
$120,700 + $459,300
$580,000
2023
$8,678 (−22.0%)
$120,700 + $459,300
$580,000
2022
$11,122 (+2.3%)
$120,700 + $459,300
$580,000
2021
$10,869 (+22.2%)
$120,700 + $459,300
$580,000
2020
$8,893 (−12.7%)
$96,300 + $356,200
$452,500
2019
$10,188 (+3.3%)
$96,300 + $356,200
$452,500
2018
$9,865 (+15.1%)
$96,300 + $356,200
$452,500
2017
$8,572 (−8.4%)
$96,300 + $356,200
$452,500
2016
$9,356 (+0.9%)
$96,300 + $356,200
$452,500
2015
$9,271 (+3.5%)
$96,300 + $356,200
$452,500
2014
$8,959 (+1,065.0%)
$96,300 + $356,200
$452,500
2011
$769
$96,300 + $356,200
$452,500
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.