The Westlake

Westlake, College and Battery, Hinds Lofts, The Vermont House...Breaking Down Burlington's Most Popular Condo Buildings

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Westlake, College and Batter, Hinds Lofts, The Vermont House...Breaking Down Burlington's Most Popular Condo Buildings

Living in downtown Burlington is a great choice for many.  Why wouldn't it be?  If you pick your condo right, you can easily be just steps from the beautiful Burlington Waterfront, the popular Church Street Marketplace, plenty of parks, the Bike Path, and countless shopping and eating opportunities.  So which condo development is best for you?  Today we'll exprlore some of the selling benefits to each of the more popular projects we find buyers gravitating to; Westlake, College and Battery, Hinds Lofts, and the Vermont House.  

Now, as far as affordability and value goes, the Vermont House is the way to go.  Here you can find quaint 1 and 2 Bedroom apartments, often for the sub-$300k price point.  The higher you get in the building, and the better the views get you should expect slightly higher pricing.  Located at the Corner of Main and St Paul, the Vermont House has one of the best locations in town.  Stroll across main St to he park, or simply head a block east and find yourself right in the center of Church St.  Parking can be a problem as there is a wait list for the private parking lot for the building, but we're told the wait is only 6 months or so, depending on attrition.  http://www.vtbuyer.com/burlington-condominiums/the-vermont-house/

Just down the Street from the Vermont House, you'll find the Hinds Lofts located at 161 St Paul St.  Developed in recent years, the Hinds Lofts is an excellent example of the successful rehabilitation of an antiquated building in downtown Burlington for residential use. The developers maintained the character of the building, yet introduced modern touches and conveniences into the construction of the condominiums which offer a unique living experience. The Hinds Lofts are an easy walk to the Church St Marketplace, the Flynn Theater, and the countless other amenities within beautiful downtown Burlington. The project consisted of just 15 condominiums upon original construction, but the marketing of resale units occasionally arises.  http://www.vtbuyer.com/burlington-vt-real-estate/hinds-lofts/

Geeting a bit closer to the Lake, we'll head West and find College and Battery--of Burlington's finest condominium projects.  Ranging from 1 Bedroom Flats, to 3 and 4 bedroom units and large penthouses, College and Battery boasts not only an ideal location in the heart of Burlington, but most units have fantastic views of Lake Champlain and the Adirondack Mountains.

Enjoy walking to the waterfront, or the Church St Market place for shopping, restaurants, and all that Burlington has to offer- right from your front step.  The condominiums have reserved parking in the private garage, storage in the basement, and secured locked entrances. 

Along with being the exclusive builder for College and Battery, Dousevicz Real Estate was also one of the active brokerage firms used in the marketing of the project when it was first completed. This experience coupled with Brad’s extensive knowledge of the downtown Burlington luxury condominium market from being the marketing broker for a similar luxury condo project, The Westlake, offers Brad the level of experience you will not find in another agent.  http://www.vtbuyer.com/burlington-vt-condos-for-sale/college-and-battery-condos/

The Westlake is one of Dousevicz Real Estate’s most recent and ambitious development and construction projects to date. Consisting of 32 luxury condominiums with sweeping views of the Adirondacks and Lake Champlain, the Westlake is one of Burlington’s most desirable addresses. The condos at Westlake mostly consist of 2 Bedroom, 2 Bath open layouts that benefit from the best location and views in Burlington.  Prices generally range from the low $400k's for lower floor units to over $1,000,000 for upper floor and penthouse units.  Most of the units at Westlake were fully customized during construction so many units are unique in design and floorplan!  http://www.vtbuyer.com/burlington-vt-condos-for-sale/the-westlake/

Although we only explored four projects here today, there are plenty of other condominium projects in Burlington, depending on which location you desire.  Please call or email Brad today to help in your customized search for Burlington Condos!  

Condo or Carriage House? What are the difference and benefits to each?

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Condo or Carriage House?  What are the differences? Which one is best for you and your family?  

As a developer of homes and condominiums across Chittenden County for nearly 30 years, Dousevicz Real Estate has had it's fair share of building and selling some of the areas most recognized projects.  Today we'll explore some of the critical differences (and benefits) of a carriage home vs a condominium.  

A condominium is defined as: 

an apartment house, office building, or other multiple-unit complex,the units of which are individually owned, each owner receiving arecordable deed to the individual unit purchased, including the right to sell, mortgage, etc., that unit and sharing in joint ownership of anycommon grounds, passageways, etc.

A carriage home, on the other hand, really doesn't have a set defintion in Vermont, but instead can be viewed as a single family house which holds ownership of the footprint of the land for which it sits, but shares in the land around the home commonly with the other neighbors in the project.  You may find this type of project referred to as a "PUD", but that is more a term that is used within the municipality for which the neighborhood resides and the term "carriage home" is more of a marketing term adopted in Vermont.  

Now, the biggest difference between carraige homes and condominiums is shared walls.  Condominiums share walls with their neighbors, and carriage homes do not.  Obviously, if you are sensitive to noise or if you like a bit more privacy, a carriage home is the better option for you.  

What often is similar between condominiums and carriage homes that we see selling in Vermont (mostly in such towns as Williston, Essex, and South Burlington) is that the maintenance of the grounds (snow/ plowing) and trash service is covered within your association dues.  What does differ, however, is some carriage homes include exterior maintenance in their association dues (otherwise known as HOA Fees) whereas carriage homes usually do not include exterior mainteanance, although we have seen select areas where exterior maintenance is included in the HOA fees for carriage homes.  

Another difference bewteen carriage homes and conodominiums in Vermont is insurance coverage.  Most condominiums bylaws state that insurance of the conodminium building, along with the interior of the individual condominiums, are covered within the master HOA insurance policy.  Typically, carriage homes do not cover the entire building of the detached carriage house and will only over insurance on the shared, common land, and individual home owners will need to purchase a separate traditional homeowners policy. 

If you have questions about buying a carriage house or condominium, please contact Brad Dousevicz at Dousevicz Real Estate today! Dousevicz@gmail.com

VT Market Activity Report - Downtown Burlington Condominiums, Homes in Essex and Essex Junction

Every time I meet with a buyer or seller of Real Estate in the local Burlington, Vermont area, I start my conversation with a brief snapshot of what is happening in the marketplace. The market isconstantly evolving, and any agent you work with should evaluate the market constantly, whether it be to price your home to sell in the least amount of time or to get the best price for a condo or home you will be purchasing. A down market is perhaps the most important time to do your research! That is why I will explore two major marketplaces today:

  • The Downtown Burlington Condominium marketplace, for the months of August-October, 2010
  • The Single Family home market place of Essex and Essex Junction of August-October, 2010

The Downtown Burlington Condominium Market

Today I will examine the downtown Burlington "Luxury" condominium market for the last few months. Typically, these are the higher priced condos in the $300,000- $1,000,000 range. To be honest, $1M sales only happen in the Burlington downtown condo market 1-2 times per year- there simply is not that great of a supply of such units that come on the market. In fact, the average sales price for condominium in the greater Burlington area for the above mentioned range for both August and Sept were $385,600 and $406,667- respectively. The average number sold for the months were: 4 in August and 3 in September. October is not over, although we have already seen 3 sales in this particular price range. The average days on the market for condos in the greater Burlington area were:

  • 71 for August
  • 120 for September
  • 98 (thus far) for October

When we compare this to the average days on themarket for similar priced homes in other parts of Chittenden County including single family homes in Charlotte, Shelburne, South Burlington, Essex, and Burlingtonpriced at the same levels, we see very similar average days on the market- 76, 116, and 101. This tells us that the Burlington luxury condominium market is performing as well as the rest of similarly priced homes in the area, albeit it is a significantly smaller segment of the market as a whole.

The Single Family Home Market in Essex

The single family home market in the greater Essex marketplace for homes priced from $300,000-$700,000 is similar inquantity of homes sold, days on the market, and average price sold as our segment just explored- the downtown Burlington Condominium Marketplace. For the number of homes sold, Essex had the following activity:

  • August- 4, with an average sales price of $385,600
  • September- 3, with an average sales price of $406,667
  • October- 3 (thus far), with an average sales price of $309,500

Average days on the market for August, September, and October were all averaging less than 110 days. This also tells us that the market in Essex is not a anomoly- it is performing as well as the greater Chittenden County Market, and lines up with even a very different market- the Luxury Burlington Condominium marketplace as well. For more information, or to explore your options, contact Brad Dousevicz at 802-879-4477 today.

Looking for a Luxury Condo in Burlington?

Try Westlake or College and Battery - You will not be disappointed with either!

View looking South West towards Lake Champlain from Westlake

Burlington is a great city. It has a mix of charm, character, and vibrancy you will not find in other cities. Part of the great diversity in Burlington is some of the terrific housing opportunities for the discriminating buyer. Two projects that should not be over-looked in your home search are Westlake and College and Battery. Both projects offer unique benefits, as well as some of the best views in Burlington! Enjoy some of the finest sunsets in the world from either building.

College and Battery

College and Battery was constructed in 1997, and was quickly hailed as one of Burlington's premier addresses. Dousevicz Inc. was the general contractor for the project, andwasone of the exclusive listing agents for the original salesof the condominiums for the market. College and Battery is conveniently situatedclose to the waterfront and the Church St Marketplace. Enjoy all that Burlington has to offer; shopping, excellent restaurants,and cultural icons such as the Flynn Theater- all right from your front door. Most units even have fantastic views of Lake Champlain and the Adirondack Mountains. Along with a convenient location to downtown Burlington, and the waterfront park, you will also enjoy such amenities as:

  • Secureand private parking (something that is becoming a luxury in Burlington in it's own right!)
  • Open floor plan units ranging from 1 bedroom to 3+. (A penthouse will come on themarket occasionally!)
  • Quality construction throughout, with attention to detail in each unit.
  • Private storage in the basement for each unit.
  • Location, Views, and Location!

The Westlake

Westlake Condos in Burlington VT | Downtown Burlington Condos

View looking South West towards Lake Champlain from Westlake

The quick sale of many units during the first year of marketing quickly put Westlake on the map as one of Burlington's premiere addresses. A majority of the units have sweeping 180 degree views of the Burlington waterfront, and like College and Battery, Westlake boasts one of the best locations in town; conveniently situated between the Waterfront of Lake Champlain and the Church St Marketplace.

Some of the amenities you will enjoy at Westlake:
  • Luxurious finishes. Each unit at Westlake was finished with the finest in materials. Granite countertops, top of the line appliances, exotic wood floors and tile are just some to mention here!
  • Private parking and storage. Each unit at Westlake comes with a minimum of 2 private parking spaces in the attached underground and private garage. Like the parking at College and Battery, parking at Westlake is a coveted benefit.
  • Each unit is 2 Bedroom, with 2 Baths, and most units have an additional den. Some of the units have been completely customized, which offers a great deal of diversity you will not find in other similar projects.
  • Like at College and Battery; Location, Views, and Location!
College St Burlington Condos | Battry St Burlington Condos

View looking South West towards Lake Champlain from Westlake

Whether you prefer to live at either of these exlcusive properties, it is a good idea to view your options at both. They eachoffer their own unique benefits.Enjoy working witha broker with the construction and real estate experience with both projects-- which may be your greatest resource when purchasing a condo in either project.

Call Brad today to discuss your options at College and Battery or Westlake.