For SaleRisky Deal78 days on market
240 South Cove Road
240 South Cove Road, Burlington, VT 05401, Burlington, VT 05401
$1,445,000
Estimate®:$1,390,500
Listing Price
240 South Cove Road, Burlington, VT 05401
Loc: Burlington, VT
Days Listed
78
Tax Assessed
$874k
Estimate®
$1391k
Market Rate
Lot Size
0.39 acres
Rent Estimate
$4,325/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
8
Champlain School
PK-5
1 mi away
7
Edmunds Middle School
6-8
2.2 mi away
7
Burlington Senior High School
9-12
3.4 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
colonialtwo-storydark wood sidingwhite shuttersred front doorattached garagestone walkwaylandscaped gardenmature treessuburbantraditionalinvitingshingle roof
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
1.27%
Total ROI
-13.6%
Cash Flow
$-5,973/mo
DSCR
0.20
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-5,973/mo net cash flow with a 1.3% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Burlington, VT
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-02 | Price change | $1,445,000 | $502 |
| 2026-08-05 | Price change | $1,495,000 | $519 |
| 2026-07-08 | Listed for sale | $1,549,000 | $538 |
| 2013-10-01 | Sold | $745,000 | $259 |
| 2013-07-30 | Price change | $775,000 | $269 |
| 2013-07-05 | Price change | $799,000 | $278 |
| 2013-05-22 | Listed for sale | $839,000 | $291 |
| 2011-06-10 | Listing removed | $699,000 | $243 |
| 2011-04-17 | Price change | $699,000 | $243 |
| 2011-02-26 | Listed for sale | $725,000 | $252 |
| 2010-06-16 | Sold | $42,000 | $15 |
| 2004-05-24 | Sold | $565,000 | $196 |
| 1999-10-29 | Sold | $335,938 | $117 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $20,830.2 | $874,300 |
| 2024 | $0 | $874,300 |
| 2023 | $0 | $874,300 |
| 2022 | $0 | $874,300 |
| 2021 | $0 | $874,300 |
| 2020 | $0 | $545,900 |
| 2019 | $0 | $545,900 |
| 2018 | $0 | $545,900 |
| 2017 | $14,543 | $545,900 |
| 2016 | $9,889.68 | $517,300 |
| 2015 | $9,889.68 | $5,173 |
| 2014 | $9,889.68 | $4,944 |
| 2013 | $9,889.68 | $4,944 |
| 2012 | $0 | $4,944 |
| 2011 | $0 | $4,872 |
| 2010 | $0 | $4,872 |
| 2009 | $0 | $4,872 |
| 2008 | $0 | $4,872 |
| 2007 | $0 | $4,872 |
| 2006 | $0 | $4,872 |
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