NOT LISTED FOR SALE

195 State St Rutland, VT 05701

Estimated Value: $228,000 - $255,000

4 Beds
3 Baths
2,798 Sq Ft
$85/Sq Ft Est. Value

Last Sold December 24, 2020

Last sale price $123,000 $44 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $1,531/month

128 Days on Market

Highlights

  • 2 Car Detached Garage
  • Wood Siding
  • Carpet
  • Baseboard Heating

About This Home

As of December 2020

Here is a 3 unit investment property that produces a great cap rate of just over 14 percent. Upstairs consists of 2 one bedroom units, one of which has an additional small room that would make a perfect office. Off of the back unit is an enclosed 3 season porch with a second form of egress that was rebuilt approximately 4 years ago. Downstairs is a spacious 2 bedroom unit with access to the basement where there is a washer and dryer hook up. Two of the three tenants are long term and have been fabulous! There is a driveway on either side of the property providing plenty of off street parking.

Last Agent to Sell the Property

Hughes Group Team

Casella Real Estate License #082.0134727 Listed on: 07/07/2020

Last Buyer's Agent

Betsy Reddy

Watson Realty & Associates License #082.0007073

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Sloped Up

Parking

  • 2 Car Detached Garage
  • Gravel Driveway

Home Design

  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Slate Roof
  • Wood Siding

Interior Spaces

  • 3 Full Bathrooms
  • 2-Story Property
  • Carpet
  • Unfinished Basement
  • Interior Basement Entry

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Oil
  • Oil Water Heater
  • Phone Available

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $11,882
  • Gross Income $28,500
  • Net Operating Income $16,618

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

0

Parking

2

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Directions: From Merchants Row turn onto State St - Property will be on left
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 43.96
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 4092
  • Sq Ft - Apx Total Finished: 2798
  • Property Type: Multi-Family
  • Year Built: 1890
  • Remarks Public: Here is a 3 unit investment property that produces a great cap rate of just over 14 percent. Upstairs consists of 2 one bedroom units, one of which has an additional small room that would make a perfect office. Off of the back unit is an enclosed 3 season porch with a second form of egress that was rebuilt approximately 4 years ago. Downstairs is a spacious 2 bedroom unit with access to the basement where there is a washer and dryer hook up. Two of the three tenants are long term and have been fabulous! There is a driveway on either side of the property providing plenty of off street parking.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Unfinished
  • Sq Ft - Apx Finished AG: 2798
  • Sq Ft - Apx Unfinished BG: 1294

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Wood Siding
  • Foundation: Brick, Stone
  • Road Frontage: TBD
  • Roads: Paved, Public
  • Roof: Slate

Garage/Parking

  • Garage Capacity: 2
  • Garage: Yes
  • Garage Type: Detached

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Oil
  • Heating Fuel: Oil
  • Heating: Baseboard, Hot Water
  • Total Heat Units: 1
  • Total Water Heaters: 1
  • Utilities: Telephone Available

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 5227
  • Lot Acres: 0.12
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: SFR
  • Deed Book: 89
  • Deed Page: 321
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 28500
  • Net Income: 16618
  • Total Full Baths: 3
  • Total Units: 3
  • Total1 Bedroom Units: 2
  • Total2 Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 5005.16
  • Tax Year: 2020

Range of Values:

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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 Change Sq Ft Price
12/24/2020 12/24/20 Sold $123,000 -5.3% $44 / Sq Ft
11/12/2020 11/12/20 Pending -- -- --
11/12/2020 11/12/20 For Sale $129,900 0.0% $46 / Sq Ft
10/13/2020 10/13/20 Pending -- -- --
09/18/2020 09/18/20 Price Changed $129,900 -3.8% $46 / Sq Ft
07/07/2020 07/07/20 For Sale $135,000 +17.4% $48 / Sq Ft
10/10/2014 10/10/14 Sold $115,000 -28.1% $41 / Sq Ft
08/05/2014 08/05/14 Pending -- -- --
12/20/2013 12/20/13 For Sale $159,900 -- $57 / 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 -- $148,100 $40,500 $107,600
2023 -- $148,100 $40,500 $107,600
2022 $5,114 $148,100 $40,500 $107,600
2021 $5,178 $148,100 $40,500 $107,600
2020 $5,132 $148,100 $40,500 $107,600
2019 $5,005 $148,100 $40,500 $107,600
2018 $5,013 $148,100 $40,500 $107,600
2017 $4,667 $148,100 $40,500 $107,600
2016 $4,652 $148,100 $40,500 $107,600
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2020

    Hughes Group Team

    Casella Real Estate

    (802) 772-7487

    181 in this area

    461 Total Sales

    Hughes Group Team
    Section Image

  • B

    Buyer's Agent in 2020

    Betsy Reddy

    Watson Realty & Associates

  • J

    Seller Co-Listing Agent in 2014

    Janet McCardle

    Casella Real Estate

    Section Image

  • L

    Buyer's Agent in 2014

    Lauren Hughes

    Casella Real Estate

    Section Image
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Map

Source: PrimeMLS

MLS Number: 4815425

PrimeMLS

APN: 540-170-12063

Vermont Rutland County Rutland 05701

195 State St, Rutland, VT

This home is located at 195 State St, Rutland, VT 05701 since 07 July 2020 and is currently estimated at $237,807, approximately $84 per square foot. This property was built in 1890. 195 State St is a home located in Rutland County with nearby schools including Rutland Intermediate School, Rutland Middle School, and Rutland Senior High School.

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