NOT LISTED FOR SALE

16 Campbell Rd Rutland, VT 05701

Estimated Value: $2,896,665

-- Bed
32 Baths
34,120 Sq Ft
$85/Sq Ft Est. Value

Last Sold April 01, 2019

Last sale price $1,568,650 $46 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $18,089/month

118 Days on Market

Highlights

  • 2.47 Acre Lot
  • Mountain View
  • Baseboard Heating

About This Home

As of April 2019

Highland Meadows residential rental complex comprises two 16 unit buildings set on a hillside meadow overlooking Rutland City and the Green Mountains to the east. Well constructed and maintained with all municipal services. There are 30 two bedroom units and 2 one bedroom units. Permits include: Act 250 Permit #1RO535 dated June 12, 1985; VT Subdivision Permit EC-1-1473 dated May 3, 1994; VT Water/Wastewater Permit #WW-0013 dated June 22 ,1989 as amended; Public Water System Permit to Construct, Project #E-1266, Pin #RU97-0291, WSID #20824 dated January 9, 2002. The income is Pro Forma as the property is being transitioned from student housing to residential rentals. See also ML#4729290 Commercial Sale.

Last Agent to Sell the Property

James Watson

Watson Realty & Associates License #081.0000346 Listed on: 12/01/2018

Last Buyer's Agent

James Watson

Watson Realty & Associates License #081.0000346 Listed on: 12/01/2018

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1988

Lot Details

  • 2.47 Acre Lot
  • Lot Sloped Up

Property Views

  • Mountain Views
  • Countryside Views

Home Design

  • Poured Concrete
  • Wood Frame Construction
  • Shingle Roof
  • Clap Board Siding

Interior Spaces

  • 32 Full Bathrooms
  • 34,120 Sq Ft Home
  • 2-Story Property

Parking

  • 21 Car Parking Spaces
  • Paved Parking
  • On-Site Parking
  • Unassigned Parking

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Oil
  • Electric Water Heater

Community Details

Overview

  • 32 Units

Building Details

  • Operating Expense $153,200
  • Gross Income $378,000

Property Details

Home Type

Apartment

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building, Freestanding, Multi-Level
  • Directions: River St. west to end then left on Dorr Drive then right on Campbell Road. On the right at the top of the hill.
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 45.97
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 34120
  • Sq Ft - Apx Total Finished: 34120
  • Year Built: 1988
  • List Agent: 21787
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Sq Ft - Apx Finished AG: 34120

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved, Right-Of-Way (ROW)
  • Exterior: Clapboard
  • Foundation: Poured Concrete
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt

Garage/Parking

  • Parking: On-Site, Parking Spaces 21+, Paved, Unassigned

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Heating Fuel: Oil
  • Heating: Baseboard, Hot Water
  • Total Electric Meters: 32

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 107593
  • Lot Acres: 2.47
  • Lot Description: Country Setting, Mountain View, View
  • Row Parcel Access: Yes
  • Surveyed: Yes
  • Zoning: MR-2
  • Deed Book: 663
  • Deed Page: 803-807
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 378000
  • Sale Includes: Land/Building
  • Total Full Baths: 32
  • Total Units: 32
  • Total1 Bedroom Units: 2
  • Total2 Bedroom Units: 30

Tax Info

  • Tax Gross Amount: 65950
  • Tax Year: 2018

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2019 04/01/19 Sold $1,568,650 -34.6% $46 / Sq Ft
03/29/2019 03/29/19 Pending -- -- --
12/01/2018 12/01/18 For Sale $2,400,000 -- $70 / 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 -- $153,100 $153,100 $0
2023 -- $153,100 $153,100 $0
2022 $5,287 $153,100 $153,100 $0
2021 $5,353 $153,100 $153,100 $0
2020 $5,305 $153,100 $153,100 $0
2019 $5,174 $153,100 $153,100 $0
2018 $5,182 $153,100 $153,100 $0
2017 $4,824 $153,100 $153,100 $0
2016 $4,809 $153,100 $153,100 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    James Watson

    Watson Realty & Associates

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Map

Source: PrimeMLS

MLS Number: 4729292

PrimeMLS

APN: 540-170-14086

Vermont Rutland County Rutland 05701

16 Campbell Rd, Rutland, VT

Not Listed for Sale

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