M
Seller's Agent in 2024
Michael Gilman
3GEN Real Estate Inc
(917) 710-0899
9 in this area
14 Total Sales
128 Granger St Rutland, VT 05701
--
Bed
--
Bath
1,813
Sq Ft
6,970
Sq Ft Lot
Highlights
- Forced Air Heating System
- Baseboard Heating
- 2-minute walk to Rutland Downtown Historic District
About This Home
As of October 2024This well cared for turnkey duplex features two renovated spacious two-bedroom units and an NOI of ~$20K. Property is perfect for someone looking to occupy one unit and have property expenses and mortgage offset by renting the other. If held as investment, this duplex has the potential for 15%+ annual cash on cash returns, and significant upside at sale (without taking into account any expected organic price appreciation). The property has been professionally managed with recent updates and renovations across interior units and exteriors. One unit has been kept vacant prior to listing for potential owner-occupancy, or keep both units rented-for strong cash flow (vacant unit can be rented for a minimum of $1,400 as a condition to close). The 2x 2br apartments are spacious with an ideal layout, and access to the oversized backyard and ample parking. Efficient footprint and recent renovations keep operating expenses low! Property is walking distance from downtown shops and restaurants giving residents access to all Rutland has to offer. This is also an excellent opportunity to enter the market ahead of the historic multibillion dollar development taking place around Killington nearby, which is already starting organic appreciation in property values. This property can be also be purchased with additional buildings in the area for someone looking to scale. Listing agent is a member of the LLC that owns the property.
Last Agent to Sell the Property
3GEN Real Estate Inc License #081.0134330 Listed on: 07/17/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,675
Year Built
- Built in 1915
Lot Details
- 6,970 Sq Ft Lot
- Lot Sloped Up
Parking
- Gravel Driveway
Home Design
- Duplex
- Brick Foundation
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
Interior Spaces
- 2-Story Property
Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Location
- City Lot
Utilities
- Forced Air Heating System
- Baseboard Heating
- Heating System Uses Oil
- Internet Available
- Cable TV Available
Community Details
Overview
- 2 Units
Building Details
- Operating Expense $12,293
- Gross Income $32,100
- Net Operating Income $19,806
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 17, 2024
Closed on
Oct 4, 2024
Sold by
Ne Holdings I Llc
Bought by
Euber Daniel
Seller's Agent
Michael Gilman
3GEN Real Estate Inc
Buyer's Agent
Hughes Group Team
Casella Real Estate
List Price
$214,900
Sold Price
$200,000
Premium/Discount to List
-$14,900
-6.93%
Views
18
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,413
Avg. Annual Appreciation
1.13%
Purchase Details
Listed on
Feb 8, 2023
Closed on
Apr 19, 2023
Sold by
Dragon Slayer Ltd Co
Bought by
Ne Holdings I Llc
Seller's Agent
Susan Bishop
Four Seasons Sotheby's Int'l Realty
Buyer's Agent
Susan Bishop
Four Seasons Sotheby's Int'l Realty
List Price
$115,000
Sold Price
$125,000
Premium/Discount to List
$10,000
8.7%
Views
86
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.98%
Purchase Details
Closed on
Aug 5, 2021
Sold by
Ellen Standish Osowski Executrix Of The
Purchase Details
Closed on
Oct 15, 2003
Sold by
Wilber Mark A
Bought by
Osowski Siegfried and Osowski June
Purchase Details
Closed on
May 8, 1989
Sold by
Phair Maryellen M
Bought by
Wilbur Mark A and Stiles Claire M
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $200,000 | -- | |
| Deed | $125,000 | -- | |
| Deed | $125,000 | -- | |
| Deed | $125,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Grant Deed | $89,000 | -- | |
| Grant Deed | $85,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/04/2024 10/04/24 | Sold | $200,000 | -6.9% | $110 / Sq Ft |
| 08/07/2024 08/07/24 | Pending | -- | -- | -- |
| 07/17/2024 07/17/24 | For Sale | $214,900 | +71.9% | $119 / Sq Ft |
| 04/19/2023 04/19/23 | Sold | $125,000 | +8.7% | $70 / Sq Ft |
| 02/17/2023 02/17/23 | Pending | -- | -- | -- |
| 02/08/2023 02/08/23 | For Sale | $115,000 | -- | $64 / Sq Ft |
Source: PrimeMLS
Tax History Compared to Growth
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 | -- | $103,100 | $28,400 | $74,700 |
| 2023 | -- | $103,100 | $28,400 | $74,700 |
| 2022 | $3,560 | $103,100 | $28,400 | $74,700 |
| 2021 | $3,605 | $103,100 | $28,400 | $74,700 |
| 2020 | $3,573 | $103,100 | $28,400 | $74,700 |
| 2019 | $3,484 | $103,100 | $28,400 | $74,700 |
| 2018 | $3,490 | $103,100 | $28,400 | $74,700 |
| 2017 | $3,249 | $103,100 | $28,400 | $74,700 |
| 2016 | $3,239 | $103,100 | $28,400 | $74,700 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Gilman
-
Hughes Group Team
H
Buyer's Agent in 2024
Hughes Group Team
Casella Real Estate
(802) 772-7487
181 in this area
461 Total Sales
-
Susan Bishop
Seller's Agent in 2023
Susan Bishop
Four Seasons Sotheby's Int'l Realty
(802) 558-2180
97 in this area
213 Total Sales
Map
Source: PrimeMLS
MLS Number: 5005506
APN: 540-170-15919
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