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Gorgeous 4 Bedroom Home For Sale in Roxbury Vermont

Craftsman Character in the Heart of Vermont

1970 Winch Hill Road
Roxbury, Vermont 05669

 

1970 Winch Hill Road - exterior 1970 Winch Hill Road - cathedral ceiling1970 Winch Hill Road - exposed beams1970 Winch Hill Road - Upclose exterior

This gorgeous 4 bedroom, 4 bathroom home features a "bow" roof design and many traditional elements. Enjoy 24 private acres as well as  sweeping views of the mountains in the distance. The open floor plan lends itself to entertaining, as does the large back deck and yard. Cathedral ceilings, exposed beams, two fireplaces, built-ins, a hot tub, a one bay attached garage, a two bay detached garage with storage space, natural woodwork, and skylights give this home stunning character. This home is a gorgeous example of Vermont's craftsmanship, from its large front door featuring bullseye glass to its original doors throughout the home. You really must see this home yourself to truly appreciate the unique beauty. Contact Tim Heney to schedule a showing today! 

1970 Winch Hill Road - built in1970 Winch Hill Road - back deck1970 Winch Hill Road - back exterior 1970 Winch Hill Road - pasture view

Building a house in Central Vermont

Dodge Lots 2
Dodge Farm has 5 lots for sale. Sweeping mountain views. Excellent location. Close to Montpelier, Barre, Berlin, I89. Great schools. $15,000 incentive available to first lot purchased in 2014.

Building your Central Vermont Dream Home starts with the land. You have to find the right location: Is it convenient to work? Family and friends? What are the neighboring properties like? Is it in the school district you want? Then you have to like the lay of the land: Are you looking for something flat so you can garden? Or covered in maple trees so you can sugar? Once you find a location and topography you like you start to look into the basics: road, electric, water, septic, build site. Ideally some or all of those are in place.

43132474
Breathtaking views of the Worcester Mountain Range. Build your Central Vermont Dream House and enjoy.

If you are building a house in Central Vermont consider starting with a choice piece of land:  The Dodge Farm lots in Berlin. The location is beautiful with sweeping mountain views. It is also convenient- just minutes to I89, Montpelier and Barre. The school district is considered very desirable. The lots are clear and level to gently sloping. The road in is well built with good drainage. There is underground power for each lot. The land has been perc tested and septic permits approved. There are proposed site plans. Essentially, much of the heavy lifting has been done. You can concentrate on the layout and finishes of your dream home rather than where to put the road and culverts.

43132334
Central Vermont Land for sale. Build ready. Berlin, VT. Great location. Beautiful views. Septic design permitted. Site plan available. Great Road. Underground electric.

Comments

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    Central Vermont Real Estate - 2013 Market Report

    We shared with you the numbers calculated for the housing indicator: number of sales per town for 2013 in the last post. Take a look at the results of other housing indicators of the central Vermont real estate market in 2013.

    Average Sale Price

    Average sale price is perhaps the most talked about housing indicator. The chart below illustrates the volatility of this indicator over the last 5 years. For example the U-32 towns (Berlin, Calais, East Montpelier, Middlesex and Worcester) showed phenomenal growth in average sale price in 2013 over 2012. This more than compensated for the drop in average sale price which dropped sharply from 2011 to 2012. Montpelier continued to show solid appreciation with an 8.3% increase in average sale price to $239,930. Barre Town, a leader in growth in total number of sales showed a lesser increase in its average sale price. This followed a substantial $29,500 decrease in average sale price from 2011 to 2012. Waterbury's average sale price of $305,777 was one of the highest in Washington County. The average sale price of a Washington County home was $233,096 for 2013.

    AVERAGE SALE PRICE BY TOWN

     

    2009

    2010

    2011

    2012

    2013

    Barre City

    124,080

    129,785

    131,568

    125,371

    132,044

    Barre Town

    157,560

    175,922

    188,845

    159,387

    170,331

    Montpelier

    182,527

    196,112

    218,808

    221,463

    239,930

    U32

    213,396

    204,757

    213,214

    186,604

    241,047

    Northfield

    151,440

    155,857

    150,630

    207,675

    148,625

                                                                                                             Average Sale Price

    Days on Market

    Day on the market (DOM) is a dynamic number that indicates the number of days a property has been on the market until it goes under contract. The escrow period (between accepted offer and closing) is not part of this calculation. DOM is viewed as a loose indictor of the health of the market. Information for this one is only available for properties listed and sold through realtors. This information is not available for sales by unrepresented sellers. In addition, DOM only considers the time that a property was listed with the final listing broker and does not reflect that a seller or another broker may have previously had the property on the market. In smaller towns with fewer total sales, a few properties that take longer to sell will have an undue impact on this number.    

                                                                                                 2013 AVERAGE DAYS ON MARKET

    TOWN DOM
    Barre City 123
    Barre Town 152
    Montpelier 115
    U32 : Berlin 150
    U32 : Calais 281
    U32 : E.  Montpelier 107
    U32 : Middlesex 185
    U32 : Worcester 125
    Northfield 133
    Waterbury 147
    Washington County Avg 154

     

     

     DOM

    In 2012 the typical DOM was 5 to 6 months on the market and for 2013 dropped 4 to 5 months. This is a sign that the market has shifted from a "Buyer's Market" dynamic to a more balanced dynamic.

     

    Check out what's on the market now: FOR SALE

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    Comments

    1. condo for sale in calgary on

      Real estate is all about figures, prices and payments and if you are into property buying and selling, you need to at least familiarize yourself with these essential aspects.

      2013 - A Year of Growth for Central Vermont Real Estate

      How is the Central Vermont real estate market?

      This is a frequently asked question and a good one too;  the health of the housing market is an economic indicator that impacts buyers, sellers, and everyone in between.

      We took a look at some key indicators of  real estate in Central Vermont for 2013 using data compiled from some major sources and compared these 2013 indicators to the previous four years. One major source we utilized is the multiple listing service (MLS), where the majority of Vermont real estate sales transacted by licensed brokers are recorded. In addition to MLS, we utilized the Vermont real estate sales online database which gathers information from the Vermont Department of Taxes to create a comprehensive list of all real estate sales that may or may not be recorded in the MLS. From the statistics gathered, it is exciting to report that growth and improvement summarize Central Vermont real estate market in 2013.

      The key indicators that we looked at are the number of sales of single family residences, average sale price, and number of days a property was on the market. The towns focused on while looking at these indicators are:  MontpelierBarre, U32 (BerlinCalaisEast MontpelierMiddlesex and Worcester), and Northfield

      The information presented below will specifically be about the number of sales of single family residences in Washington County, categorized by town.

      In 2013 home sales increased in every major community as compared with the number of home sales in 2012. 2013 also produced the highest number of Central Vermont Real Estate home sales for any year in the last five years.

      NUMBER OF SALES BY TOWN

       

      2009

      2010

      2011

      2012

      2013

      Barre City

      60

      64

      41

      55

      76

      Barre Town

      59

      55

      51

      71

      102

      Montpelier

      74

      57

      58

      61

      75

      U32

      51

      58

      58

      51

      96

      Northfield

      27

      18

      22

      26

      48

      Totals

      271

      252

      230

      264

      397

                                     

                                                                                                           Graph

      As you will note above, Barre Town posted a strong increase year after year and the U-32 towns  posted an amazing 88% jump after four years of consistent numbers. Waterbury posted around 57 residential sales.

      Numbers don't lie. Considering the overall increase of number of sales in 2013 and the kickoff of activity we've experienced in the new year, we expect 2014 to be another year of steady growth for Central Vermont real estate.

      Check out what is on the market now at our new and improved website heneyrealtors.com and don't forget to visit our Facebook page!

      Tax Time and Closing Statement

      Real Estate Tax timeTax Time (YAY!) and Your Settlement Statement

      If you bought or sold real estate during the 2012 calendar year, you may be able to deduct some of the closing costs for tax purposes. You may also have a gain or a loss to declare. Either way, you'll need the HUD-1 settlement statement.  Of course, you'll want to talk with your tax adviser for the specifics.

      In order to deduct any closing costs and expenses, you'll need a copy of the HUD-1 settlement statement. That's the closing statement that looks like a long ledger. One side showed the buyer's closing costs and sources of funds. The other side showed the seller's closing costs and funds received.

      For accountants and closing attorneys, it's super fun. For most people, it's interesting at best, and dreary at worst.

      You took a copy of it home after the closing, although it's not uncommon for those documents to get filed and then misplaced during the ensuing move.

      So, if you need a copy, you can get one from your Realtor's office or from your closing attorney. If you bought or sold property using Heney Realtors, you can call either the Montpelier or the Barre office. You can also email your agent.

      If it helps make things easier for you, you can also shoot me a quick email, and I'll get a copy of your settlement statement to you.

      By Ray Mikus, Heney Realtors

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      Montpelier Caravan--Our Picks

      Today was the Montpelier Realtors' Caravan. It's a great chance to highlight the new listings in Montpelier. Selfishly, it's an opportunity for Realtors to preview the new listings, so that we can deepen our market knowledge.

      Today's caravan featured five new listings...and four of them were those of Heney Realtors.

      So...here are the picks:

      15 North Park: This unassuming 1991 house surprised the crowd with its high end touches. Quartz countertop, tile floors, corain bathroom vanities, and a custom fireplace. Just plain beautiful. There's a direct entry two car garage, and the fenced yard backs right up to Hubbard Park. At $289,000, we were impressed.

       

      295 Pine Hill Road--East Montpelier.  Built in 2004, this house has the layout that today's buyers want. Big, open rooms, nice natural light, and an efficient heating system. It's at the end of a cul de sac, and close to U32 high school, Montpelier, and Barre. Great location. Solid house. And hence, a top pick.

      63 Terrace Street--Flexible Like Yoga

      63 Terrace Street in Montpelier is the kind of house that people dream of getting. Three bedrooms, 1.5 bathrooms, an attached garage, and hardwood floors. But that's just the start of what makes it great.

      By Ray Mikus

       

      63 Terrace Street Montpelier

       

      It's got flexibility.

      Two bedrooms are upstairs, and one downstairs, along with the full bathroom. That means that whoever lives at 63 Terrace Street in Montpelier has the option of having one-floor living. You don't have to live all on the first floor, but you can.

      Or you could in a few years.

      Or your guests/relatives/friends who are staying for a visit could.  You have that flexibility.

      There's also the recently finished basement, with nice detail work, including a gas-fireplace insert for heat and ambiance.  The basement space works as a tv room, a teen hangout, an office, and more.

      The living room features a solid brick hearth surrounding a wood fireplace. The combination of appealing Craftsman building style, the fireplace, and the efficiency of a new System 2000 boiler make this an easy house to heat, and an easy house to maintain.

      All this, and walking distance to downtown Montpelier. Anyone thinking of buying a house in Montpelier could find inner peace with this.

      242 Elm Street in Montpelier--Gorgeous 4-unit

      242 Elm Street in Montpelier is one of the most easily recognizable, and beautiful buildings in town. It's the house with the big white columns. It's the house with the great double lot (a half acre!). It stands out, and in a good way.

       

      242 Elm Street in Montpelier

       

      It's also a rock solid investment. Four units, including one of the nicest owner-occupied units around. This main unit, with three bedrooms, has hardwood floors, an upgraded kitchen, and sumptuously preserved historic detail, including a marble hearth and woodwork.

      The second floor two-bedroom unit has bright hardwood floors, and gets lots of natural light. It's a classy unit, and, like the main unit, gets above market rents (as it should).

      The remaining two units (one bedroom and two bedroom) allow more opportunity for the next owner to put a personal touch. Don't get me wrong, they're in perfectly good condition, they just aren't at the level of the first two units. I haven't seen very many apartments in Montpelier that are.

      242 Elm Street in Montpelier has one of the keys to investment property in Montpelier--parking. There's a five bay garage that's in great condition, plus a sizeable parking area that allows for snow removal. Housing with off-street parking? What a concept!

      The back of the building is what would be called a shed. It's attached to the house, but is unfinished space. Two stories of unfinished space with an existing footprint. Could it be a fifth unit? Could it be studio space? Could it be amazing storage? There are lots of options that are worth pursuing.

      The list of improvements and updates is extensive. Standing seam metal roof and architectural asphalt shingle roof. Updated electric (no knob and tube wiring in this one). Hardwired smoke and carbon monoxide detectors. But one of the best features of the building is something that was done at construction--it's made of solid wood.

      That's right, it's built like a boat. Wood stacked on top of wood, not framed in. Want to know how such a grand property stays so straight? Solid construction. You've got to see it to really appreciate it.

      Great rental history, great rents (call or email for details), and great tenants. All four units are currently rented, showing it works as a Montpelier investment property, but imagine the opportunity for growing net worth if you were to move in and make it owner-occupied...

      Invest in Your Future with Montpelier and Barre Multi-Family Properties

      Welcome 2012 with an investment in your future! 

      As the New Year begins, this is a time when many of us recalibrate and take some time to think about how we might improve our lives.  If you have been considering investing in real estate to build for your future, your children's education(s) or maybe for your retirement the options available now are great.

      Multi-family residential properties.  These present a tried and true formula for building equity.  Ownership and management of apartments take effort and patience.  In the Capital Region where very little new rental housing has been built in the last 20+ years there is opportunity to purchase properties and upgrade them.  Market demand for nice rentals is strong and supply is limited.

      Some potential investors are unsure about financing options to purchase multi-family properties.  The general rule is that properties with four units or less can be financed with a conventional fixed interest rate if one qualifies with a down payment in the 25% to 33% range.

      Larger properties with more than four units are treated as commercial properties from a banking point of view.  The implication of this is that mortgages can be approved locally by each banker or lender and are not as likely to be packaged for sale on the Secondary Market.  This gives lenders more opportunity to customize these mortgages.  Often interest rates can be fixed for five year terms but rarely do we see longer term fixed rate mortgage for this category.

      At present, the supply of multi-family properties on the market is strong.  The list below indicates how many properties are listed as of the end of 2011:

      Barre City - 31

      Barre Town - 7

      U-32 Towns - 1

      Montpelier - 13

      Northfield - 10

      Waterbury - 4

      The variety of types, quality, and condition of these properties provides a potential investor with options at different price points.

      A few to consider in Montpelier are:

      93 Berlin Street, Montpelier                          2 Apartments              $174,900

      55-57 Northfield Street, Montpelier              2 Apartments          $190,000

      93 Berlin Street, Montpelier                          2 Apartments              $174,900

      17 North Franklin Street, Montpelier             3 Apartments              $199,500

      5 Liberty Street, Montpelier                           2 Apartments              $250,000

      1 First Avenue, Montpelier                             4 Apartments              $298,000

      8 First Avenue, Montpelier                             4 Apartments              $365,000

      4 Loomis Street, Montpelier                           3 Apartments              $369,000

      242 Elm Street, Montpelier                            4 Apartments              $415,000

      Call us for more details on any of these.  We will be happy to provide you with more information or arrange for you to visit and see these.