$175,000 ($130 per SQ/FT)
1106 North Avenue, Burlington, VT, Vermont 05408. This cool old Victorian is a diamond in the rough, and could be the right opportunity for a buyer with remodeling skills to build sweat equity. The historic home has been in the same family since it was constructed in 1888, and has a great floor plan. It is not influenced by historic preservation guidelines under the City's zoning. The main floor is reasonably current, with a large eat-in kitchen, ¾ bath, large living room, and over sized mudroom/office. Upstairs has been unused for many years, and will need heavy cosmetic updating, but offers 3 bedrooms, a full bath, and a large summer porch off one of the bedrooms. The land is leased for only $125/month for the first year, and will be tied to the cost of living index, to keep it affordable. The house will not be part of the adjacent North Avenue Co-Op. The land lease dictates that it must be owner occupied, not rented as investment.