NOT LISTED FOR SALE

1607 Main St Castleton, VT 05735

Estimated Value: $356,968

8 Beds
4 Baths
3,484 Sq Ft
$102/Sq Ft Est. Value

Last Sold April 02, 2013

Last sale price $160,000 $46 Per Sq Ft

Est. 123% increase in value since last sale

Current estimated payment $2,252/month

41 Days on Market

Highlights

  • Mountain View
  • Tile Flooring
  • Floor Furnace
  • Deck

About This Home

As of April 2013

GREAT INVESTMENT PROPERTY!Come see this 4-unit complex located minutes from Castleton State College and beautiful Lake Bomoseen. Rental units are well-maintained and with separate utilities; excellent income producing with tenants already in place. Each unit has 2 Bedrooms and 1 full Bathroom.Plenty of parking with potential opportunity for a seasonal snack bar.

Last Agent to Sell the Property

Christopher Lawrence

Gilbert Realty and Development License #081.0087484 Listed on: 01/05/2013

Last Buyer's Agent

Bill Gilbert

Gilbert Realty and Development License #081.0003069

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,525

Year Built

  • Built in 1982

Lot Details

  • 0.73 Acre Lot
  • Lot Sloped Up

Home Design

  • Converted Dwelling
  • Block Foundation
  • Wood Frame Construction
  • Metal Roof
  • T111 Siding

Interior Spaces

  • 4 Full Bathrooms
  • 3,484 Sq Ft Home
  • 2-Story Property
  • Mountain Views
  • Crawl Space

Flooring

  • Carpet
  • Tile
  • Vinyl

Parking

  • Gravel Driveway
  • On-Site Parking

Outdoor Features

  • Deck

Schools

  • Castleton-Hubbardton Village Middle School
  • Fair Haven Uhsd #16 High School

Utilities

  • Floor Furnace
  • Heating System Uses Gas
  • Separate Meters
  • Individual Controls for Heating
  • 100 Amp Service
  • Liquid Propane Gas Water Heater

Listing and Financial Details

  • Rent includes sewer, snow removal, trash, water
  • Legal Lot and Block 36 / 25

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Gas Meters
  • Gross Income $21,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,525

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Conversion
  • Development Subdivision: None (Cas)
  • Directions: From Castleton Village ~ Route 4A West ~ Approximately 2 miles towards Castleton Corners ~ On left before train tracks.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 45.92
  • Property Class: Multi-Family
  • Sq Ft - Apx Total Finished: 3484
  • Unit Info: Deck, Heat - Gas, Laundry Hookup, Refrigerator
  • Year Built: 1982
  • List Agent: 3426
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Tile, Vinyl
  • Total Rooms Above Ground: 12
  • Basement: Yes
  • Basement Description: Crawl Space
  • Sq Ft - Apx Finished AG: 3484

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: T1-11
  • Foundation: Block
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Metal
  • Features Exterior: Deck

Garage/Parking

  • Parking: On-Site

Utilities

  • Electric: 100 Amp
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric, Gas - LP/Bottle, Separate
  • Heating Fuel: Gas - LP/Bottle
  • Heating: Floor Furnace, Individual
  • Cooling: Individual
  • Electric Company: CVPS
  • Separate Utilities: Yes
  • Total Electric Meters: 4
  • Total Gas Meters: 4
  • Total Heat Units: 4
  • Total Ranges: 4
  • Total Refrigerators: 4
  • Total Water Heaters: 4
  • Utilities: Gas - Lp/Bottle

Condo/Co-op/Association

  • Restrictions: Pets - None

Fee Information

  • Tax Class: TBD

Schools

  • High School: Fair Haven UHSD #16

Lot Info

  • Map: 20
  • Lot: 36
  • Lot Sq Ft: 31500
  • Land Gains: To Be Determined
  • Lot Acres: 0.73
  • Lot Description: Mountain View
  • Zoning: Comercial
  • Deed Book: 95
  • Deed Page: 403-4
  • Deed Recorded Type: Warranty

Rental Info

  • Rent Includes: Sewer, Snow Removal, Trash, Water

Multi Family

  • Gross Income: 21000
  • Total Full Baths: 4
  • Total Units: 4
  • Total2 Bedroom Units: 4

Tax Info

  • Tax Gross Amount: 3525.18
  • Tax Year: 2012

MLS Schools

  • School Middle Jr: Castleton-Hubbardton Village

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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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
04/02/2013 04/02/13 Sold $160,000 -34.7% $46 / Sq Ft
02/15/2013 02/15/13 Pending -- -- --
01/05/2013 01/05/13 For Sale $245,000 -- $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 $4,484 $177,100 $62,400 $114,700
2023 $3,923 $177,100 $62,400 $114,700
2022 $3,734 $177,100 $62,400 $114,700
2021 $3,779 $177,100 $62,400 $114,700
2020 $3,863 $177,100 $62,400 $114,700
2019 $3,662 $177,100 $62,400 $114,700
2018 $3,610 $177,100 $62,400 $114,700
2017 $3,617 $177,100 $62,400 $114,700
2016 $3,634 $177,100 $62,400 $114,700
Source: Public Records

Agents Affiliated with this Home

  • Christopher Lawrence

    Seller's Agent in 2013

    Christopher Lawrence

    Gilbert Realty and Development

    (802) 384-0572

    18 in this area

    77 Total Sales

    Christopher Lawrence
    Section Image

  • B

    Buyer's Agent in 2013

    Bill Gilbert

    Gilbert Realty and Development

    (802) 265-8834

    44 in this area

    94 Total Sales

    Bill Gilbert
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4209138

PrimeMLS

APN: 129-040-12394

Vermont Rutland County Castleton 05735

1607 Main St, Castleton, VT

Not Listed for Sale

MultiFamily

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