Burlington · Commercial sale
Northeast Territories buys 55 Joy Drive in South Burlington for $3.13 million
An office building at 55 Joy Drive, South Burlington sold for $3,130,000 on September 15, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $3,130,000
- Sold
- September 15, 2026
- Property type
- Office building
- Lot size
- 87,991 sq ft
An office building at 55 Joy Drive in South Burlington changed hands for $3,130,000 on September 15, 2026, according to the Property Transfer Tax Return filed with the Vermont Department of Taxes.
The seller was Roman Catholic Diocese of Burlington, Vermont. The buyer was Northeast Territories LLC, the record lists.
The Assessor's records show a 2.02-acre lot, and an aerial photo of the property shows that the site holds a large parking lot.
The market value on record is $3,090,000, which puts the $3,130,000 sale price just above it.
What this sale costs to close
What does closing cost at this price? Under Chittenden County custom the seller's larger charges are $700 for the seller's attorney fee and $250 for the settlement / closing fee. The seller's estimated net is $3,085,785 before brokerage commissions and any loan payoff. A cash buyer would need about $3,228,911 at closing.
Source: Vermont Property Transfer Tax Returns (VCGI open data), document 600-1832-142. Property details: Chittenden County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
