29 Campbell Road, Newport City, VT 05855

$699,000 Asking Price

3 beds
7 baths
9,423  sqft
Built in 2002

Spacious property with 6500+ sq.ft. and 4 units total; to include the main home and 3 fully furnished income producing suites. This would be ideal for a large multigenerational household, in-law suites, home offices, B&B potential or to be utilized as-is with a single family home with approx. $58K annual rental revenue from the 3 suites and/or potential for much higher revenue by leasing the main home. Unique opportunity to own this amazing property with exceptional landscaping and beautiful views overlooking Lake Memphremagog. The main living quarters feature nearly 3600sq.ft with 3 bedrooms, 3.5 baths (each bedroom has its own bath), cathedral ceilings, 1st & 2nd floor primary bedroom suites, entry from the 3-car heated garage and access to the deck & gazebo area. Suite A is a studio with approx. 950sq.ft., Suite B offers approx. 1000sq.ft w/ 2 guest rooms, and Suite C (above garage) offers 1042sq.ft w/ 2 guest rooms, vaulted ceilings and a private balcony. All three suites have a great rental history (financials on file) with longer term tenants in Suites A&B and profitable short term rental history for Suite C. Each suite has its own washer/dryer and secured private living quarters that can also be unlocked for access between each unit for larger living areas if desired. Newer roof, radiant heated floors, mini-split AC units, whole house generator, secondary heat via a pellet boiler, storage sheds, pavilion, putting green & more. Great deal to offer for the price!


Features & Amenities

Interior

General:
Attic - Hatch/Skuttle,Cathedral Ceiling,Ceiling Fan,Dining Area,Furnished,In-Law Suite,Kitchen Island,Kitchen/Dining,Primary BR w/ BA,Other,Wet Bar,Laundry - 1st Floor
Appliances:
Dishwasher,Dryer,Microwave,Oven - Wall,Refrigerator,Washer,Water Heater - Off Boiler,Water Heater - Oil,Cooktop - Induction,Water Heater - Heat Pump
Basement:
Apartments,Concrete Floor,Finished,Walkout
Flooring:
Hardwood,Laminate,Tile,Vinyl
A/C:
Mini Split
Heating:
Alternative Heat Stove,Baseboard,Heat Pump,Radiant Floor, Oil,Pellet
Disability Feature:
1st Floor Bedroom,1st Floor Full Bathroom,Hard Surface Flooring,Paved Parking,1st Floor Laundry

Exterior

General:
Balcony,Deck,Garden Space,Gazebo,Natural Shade,Other,Outbuilding,Patio,Porch - Covered,Shed,Storage,Windows - Double Pane
Parking:
Auto Open,Driveway,Garage,Attached

Construction

Roofing:
Shingle - Architectural
General:
2, Concrete

Location

Road/Access:
Public
School District:
Orleans Essex North
County:
VT-Orleans

Lot

Driveway:
Paved
Zoning:
GR
Current Use:
None

Utilities

Utilities:
Cable - At Site,Gas - On-Site,Telephone At Site
Sewer:
1500+ Gallon,Concrete,Leach Field,Leach Field - Conventionl,Septic

This listing courtesy of:
Jim Campbell Real Estate, Ryan Pronto

About Newport, VT

Housing

Number of Units
4,071
Median Home Value
$160,160
Median Rent
$674

32.18% of housing units are renter occupied.

16.58% are vacant.

Commute

Car
87.52%
Public Transportation
0.44%
Walk to Work
3.52%
Work from Home
7.62%
Other
0.80%

The median travel time to work is 18 minutes.

People

Population
7,848
Median Age
43.90
Median Household Size
2.42

Education

High School
41.05%
Associate’s Degree
10.16%
Bachelor’s Degree
13.80%
Graduate Degree
8.14%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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