NOT LISTED FOR SALE

121 River St Rutland, VT 05701

Estimated Value: $156,000 - $214,000

5 Beds
3 Baths
2,622 Sq Ft
$72/Sq Ft Est. Value

Last Sold July 12, 2024

Last sale price $158,250 $60 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $1,205/month

1 Day on Market

Highlights

  • Baseboard Heating
  • High Speed Internet
  • 3-minute walk to Rutland Downtown Historic District

About This Home

As of July 2024

Great income producing property being offered here. Wonderful location near the park on River Street, walk to pickleball courts on Meadow Street, easy access to downtown. Terrific rental history! Each unit offers its own deck area and two new oil tanks done just prior to this seller buying the property.

Last Agent to Sell the Property

Lisa Kelley

Cummings & Co License #081.0120202 Listed on: 05/20/2024

Last Buyer's Agent

Lisa Kelley

Cummings & Co License #081.0120202 Listed on: 05/20/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1825

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Sloped Up

Parking

  • Gravel Driveway

Home Design

  • Brick Foundation
  • Block Foundation
  • Wood Frame Construction
  • Slate Roof

Interior Spaces

  • 2-Story Property

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Oil
  • High Speed Internet
  • Phone Available

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $9,500
  • Gross Income $27,900
  • Net Operating Income $18,316

Property Details

Home Type

Multi-Family

Year Built

Built in 1825

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Directions: On River Street toward Dorr Drive
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 60.35
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3933
  • Sq Ft - Apx Total Finished: 2622
  • Year Built: 1825
  • Remarks Public: Great income producing property being offered here. Wonderful location near the park on River Street, walk to pickleball courts on Meadow Street, easy access to downtown. Terrific rental history! Each unit offers its own deck area and two new oil tanks done just prior to this seller buying the property.
  • List Agent: 10041
  • Unique Disclaimer: The listing broker's offer of compensation is made only to other real estate licensees who are participant members of PrimeMLS.
  • Display On Internet: High Speed Intrnt -AtSite
  • Architectural Style: Multi-Family
  • ResoLotFeatures: Street Lights
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Sq Ft - Apx Finished AG: 2622
  • Sq Ft - Apx Unfinished BG: 1311

Exterior Features

  • Driveway: Gravel
  • Foundation: Block, Brick, Fieldstone
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Slate
  • Construction Type: Wood Frame

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Heating Fuel: Electric, Oil
  • Heating: Baseboard, Hot Water
  • Utilities: Telephone At Site
  • Water Source: Public

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 8712
  • Lot Acres: 0.2
  • Surveyed: Unknown
  • Zoning: MR-1
  • Deed Book: 726
  • Deed Page: 46
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 27900
  • Net Income: 18316
  • Total Units: 3
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 4483.64
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2024
Closed on
Jul 12, 2024
Sold by
Levine William
Bought by
Smyrski Matthew
Seller's Agent
Lisa Kelley
Cummings & Co
Buyer's Agent
Lisa Kelley
Cummings & Co
List Price
$178,900
Sold Price
$158,250
Premium/Discount to List
-$20,650
-11.54%
Views
3
Current Estimated Value
$187,985

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,735
Avg. Annual Appreciation
6.78%

Purchase Details

Listed on
Apr 13, 2022
Closed on
Nov 3, 2022
Sold by
Bell Jeannette D
Bought by
Levine William
Seller's Agent
Joshua Lemieux
Remax Summit
Buyer's Agent
Lisa Kelley
Cummings & Co
List Price
$125,000
Sold Price
$120,000
Premium/Discount to List
-$5,000
-4%
Views
4

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.79%

Purchase Details

Closed on
Feb 17, 2021
Sold by
Bell Jeannette D
Bought by
Bell Jeannette D and Sargeant Cindy B

Purchase Details

Closed on
Nov 8, 2019
Sold by
Sargeant Cindy B
Bought by
Bell Jeannette D

Purchase Details

Closed on
Jan 7, 2019
Sold by
Bell Jeannette D
Bought by
Bell Jeannette D and Sargeant Cindy B
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Smyrski Matthew $158,250 --
Levine William $120,000 --
Levine William $120,000 --
Levine William $120,000 --
Bell Jeannette D -- --
Bell Jeannette D -- --
Bell Jeannette D -- --
Bell Jeannette D -- --
Bell Jeannette D -- --
Bell Jeannette D -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2024 07/12/24 Sold $158,250 -11.5% $60 / Sq Ft
05/21/2024 05/21/24 Pending -- -- --
05/20/2024 05/20/24 For Sale $178,900 +49.1% $68 / Sq Ft
11/03/2022 11/03/22 Sold $120,000 -4.0% $31 / Sq Ft
08/15/2022 08/15/22 Pending -- -- --
08/02/2022 08/02/22 For Sale $125,000 0.0% $32 / Sq Ft
06/13/2022 06/13/22 Pending -- -- --
06/10/2022 06/10/22 For Sale $125,000 0.0% $32 / Sq Ft
05/29/2022 05/29/22 Pending -- -- --
05/04/2022 05/04/22 For Sale $125,000 0.0% $32 / Sq Ft
04/25/2022 04/25/22 Pending -- -- --
04/13/2022 04/13/22 For Sale $125,000 -- $32 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 -- $125,800 $28,600 $97,200
2023 -- $125,800 $28,600 $97,200
2022 $4,344 $125,800 $28,600 $97,200
2021 $4,399 $125,800 $28,600 $97,200
2020 $4,359 $125,800 $28,600 $97,200
2019 $4,252 $125,800 $28,600 $97,200
2018 $4,258 $125,800 $28,600 $97,200
2017 $3,964 $125,800 $28,600 $97,200
2016 $3,952 $125,800 $28,600 $97,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4996544

PrimeMLS

APN: 540-170-10379