40 Prospect Parkway, Burlington, VT, 05401 | $760,000

Highly Desirable Hill Section Neighborhood in the South End of Burlington: Rare opportunity to secure this recently renovated single-family home with accessory dwelling unit (ADU/In-law suite) within & 1 car garage. Located in an upscale, quiet residential neighborhood you're within 1. 8 miles of UVM, UVMMC, Rice High School, breweries, grocery stores, restaurants, Lake Champlain beaches, & bike trails. Recent improvements include new furnace, central AC & HVAC system, new roof, second story ADU remodel, stainless steel appliances, upgraded electrical panel, hardwood throughout, eat-in kitchen remodel, walk-in closets & much more. The current ADU configuration is fully reversible with non-fixed appliances resting on continuous hardwood flooring that extends wall-to-wall, allowing for seamless transition to a spacious sitting area, den, or an additional bedroom. The current quiet, professional tenant has a lease through 3/31/26 & is open to a lease extension. Upon request, furnishings may convey with the home. The private back deck and separate patio overlook wooded property with walking trails & the three season breezeway has screens for summer. Showings are reserved for pre-approved buyers only--please provide documentation prior to scheduling. Seller is willing to give concessions to Buyer at closing.

Features

  • Rooms: 9
  • Bedrooms: 4
  • Baths: 2 full / 1 three-quarter
  • Style: Cape
  • Year Built: 1952
  • Garage: 1-car Garage
  • Heating: Baseboard,Forced Air,Heat Pump
  • Cooling: Central AC
  • Basement: Climate Controlled,Partially Finished,Storage Space
  • Approx Sq. Feet: 2,604
  • Acreage: 0.34
  • Est. Taxes: $11,698
  • Lot Desc: Landscaped,Sidewalks,View
  • MLS#: 5073766
  • Website: https://www.raveis.com
    /prop/5073766/40prospectparkway_burlington_vt?source=qrflyer
©2026 New England Real Estate Network, Inc. All rights reserved.This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 1/18/2026
Listing courtesy of www.HomeZu.com   Phone: 877-249-5478
Listing Agent: Jason Saphire

William Raveis Family of Services

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
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Joel FanjoyRegional SVP Insurance Sales, William Raveis Insurance

617.320.5687

Joel.Fanjoy@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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40 Prospect Parkway, Burlington, VT, 05401

$760,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $608,000 $608,000 $608,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 5.990% 5.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.285% 6.156% 5.522%
Monthly Tax Payment $975 $975 $975
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,452 $3,641 $4,888
Total Monthly Payment $4,519 $4,708 $5,955

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.