NOT LISTED FOR SALE

17 Madison St Rutland, VT 05701

Estimated Value: $307,000 - $435,000

6 Beds
4 Baths
4,496 Sq Ft
$81/Sq Ft Est. Value

Last Sold May 31, 2023

Last sale price $340,000 $76 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,354/month

12 Days on Market

Highlights

  • Wood Flooring
  • Covered Patio or Porch
  • Views
  • Victorian Architecture
  • Double Pane Windows
  • 3-minute walk to Justin Thomas Playground

About This Home

As of May 2023

Magnificent four unit property with a commanding presence and all of the comforts of home. Incredible woodwork and original details are still evident .. built-in cabinetry, pocket doors, wood floors and a pantry are just a few highlights. A beautiful wrap around porch provides the two first floor apartments with pretty outside spaces and new Trex decking recently installed assures many years of enjoyment. The second floor apartment encompasses the entire second floor and the private covered porch provides a birds eye view of the mountains and sunsets. The top floor is a spacious, quiet, cozy retreat with interesting angles and a mini split for year round comfort. Easy access to everything downtown, minutes to Killington, Parks, Recreation Activities as well as the Hospital- one couldn't ask for anything more from 17 Madison Street

Last Agent to Sell the Property

Susan Bishop

Four Seasons Sotheby's Int'l Realty License #081.0101415 Listed on: 04/04/2023

Last Buyer's Agent

Lori Hurley

Four Corner Properties LLC License #081.0134166

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,292

Year Built

  • Built in 1880

Lot Details

  • 10,019 Sq Ft Lot
  • Open Lot
  • Lot Sloped Up

Home Design

  • Victorian Architecture
  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Slate Roof
  • Clap Board Siding

Interior Spaces

  • 4 Full Bathrooms
  • 2.5-Story Property
  • Double Pane Windows
  • Window Screens
  • Property Views

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Connecting Stairway
  • Interior and Exterior Basement Entry
  • Basement Storage

Parking

  • 6 Car Parking Spaces
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Covered Patio or Porch
  • Shed
  • Outbuilding

Utilities

  • Mini Split Air Conditioners
  • Zoned Heating
  • Radiator
  • Hot Water Heating System
  • Heating System Uses Oil
  • Separate Meters
  • Separate Water Meter
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

Building Details

  • Operating Expense $13,016
  • Gross Income $25,800
  • Net Operating Income $12,784

Additional Features

  • 4 Units
  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,292

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Victorian
  • Directions: Route 7 to Madison Street - #17 on the right just after Morse Place
  • Construction: Existing
  • Total Stories: 2.5
  • Price Per Sq Ft: 75.62
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 6160
  • Sq Ft - Apx Total Finished: 4496
  • Year Built: 1880
  • Remarks Public: Magnificent four unit property with a commanding presence and all of the comforts of home. Incredible woodwork and original details are still evident .. built-in cabinetry, pocket doors, wood floors and a pantry are just a few highlights. A beautiful wrap around porch provides the two first floor apartments with pretty outside spaces and new Trex decking recently installed assures many years of enjoyment. The second floor apartment encompasses the entire second floor and the private covered porch provides a birds eye view of the mountains and sunsets. The top floor is a spacious, quiet, cozy retreat with interesting angles and a mini split for year round comfort. Easy access to everything downtown, minutes to Killington, Parks, Recreation Activities as well as the Hospital- one couldn't ask for anything more from 17 Madison Street
  • List Agent: 8632
  • Unique Disclaimer: The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the PrimeMLS.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Concrete Floor, Full, Insulated, Stairs - Interior, Storage Space, Unfinished, Interior Access, Exterior Access, Stairs - Basement
  • Sq Ft - Apx Finished AG: 4496
  • Sq Ft - Apx Unfinished BG: 1664

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Clapboard
  • Foundation: Brick, Stone
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt, Slate
  • Features Exterior: Outbuilding, Porch - Covered, Shed, Window Screens, Windows - Double Pane

Garage/Parking

  • Parking: Off Street, Parking Spaces 6+

Utilities

  • Cable Company: Xfinity
  • Electric: Circuit Breaker(s)
  • Fuel Company: Irving
  • Sewer: Public
  • Water: Metered, Public
  • Water Heater: Electric, Owned, Separate
  • Heating Fuel: Oil
  • Heating: Hot Water, Multi Zone, Radiator
  • Cooling: Mini Split
  • Electric Company: GMP
  • Separate Utilities: Yes
  • Total Heat Units: 1
  • Total Ranges: 4
  • Total Refrigerators: 4
  • Total Water Heaters: 4
  • Trash: Owner
  • Utilities: Cable - Available, High Speed Intrnt -Avail

Condo/Co-op/Association

  • Association Amenities: Coin Laundry

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 10019
  • Lot Acres: 0.23
  • Lot Description: City Lot, Open, Sidewalks, Slight, Street Lights, View
  • Surveyed: Unknown
  • Zoning: unknown
  • Deed Book: 533
  • Deed Page: 26
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 25800
  • Net Income: 12784
  • Total Full Baths: 4
  • Total Units: 4
  • Total1 Bedroom Units: 3
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 5292.44
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2023
Closed on
May 31, 2023
Sold by
Jessup John
Bought by
Shaffer Alexander
Seller's Agent
Susan Bishop
Four Seasons Sotheby's Int'l Realty
Buyer's Agent
Lori Hurley
Four Corner Properties LLC
List Price
$340,000
Sold Price
$340,000
Views
182
Current Estimated Value
$365,509

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,509
Avg. Annual Appreciation
0.64%

Purchase Details

Closed on
Sep 29, 2006
Sold by
Hayden Melissa A
Bought by
Jessup John

Purchase Details

Closed on
Aug 26, 2004
Sold by
Blair David M and Blair Melissa A
Bought by
Blair Melissa A
Source: Public Records

Range of Values:

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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
Shaffer Alexander $340,000 --
Shaffer Alexander $340,000 --
Jessup John $250,000 --
Jessup John $250,000 --
Blair Melissa A -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2023 05/31/23 Sold $340,000 0.0% $76 / Sq Ft
04/16/2023 04/16/23 Pending -- -- --
04/04/2023 04/04/23 For Sale $340,000 -- $76 / 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 -- $153,200 $35,800 $117,400
2023 -- $153,200 $35,800 $117,400
2022 $5,227 $153,200 $35,800 $117,400
2021 $5,292 $153,200 $35,800 $117,400
2020 $5,172 $153,200 $35,800 $117,400
2019 $5,083 $153,200 $35,800 $117,400
2018 $5,093 $153,200 $35,800 $117,400
2017 $4,777 $153,200 $35,800 $117,400
2016 $4,812 $153,200 $35,800 $117,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4947594

PrimeMLS

APN: 540-170-10467