NOT LISTED FOR SALE

2 Olmstead Place Rutland, VT 05701

Estimated Value: $254,000 - $266,000

4 Beds
2 Baths
3,276 Sq Ft
$79/Sq Ft Est. Value

Last Sold March 03, 2021

Last sale price $140,000 $43 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $1,708/month

129 Days on Market

Highlights

  • Wood Flooring
  • Porch
  • Baseboard Heating

About This Home

As of March 2021

This immaculately maintained 2 unit property offers many possibilities. Purchase it as an investment that you shouldn't have to do a thing to for years to come or buy it as an owner occupied property where you can supplement your mortgage with the rental income from the 2nd unit. Both units have hardwood floors throughout, with the exception of the bathrooms and kitchens, which have nice tile flooring. This multifamily has a 2 car garage, separate heating units and electricity, 2 sets of washer and dryer hookups, and dishwashers in each unit. What more could you ask for!

Last Agent to Sell the Property

Hughes Group Team

Casella Real Estate License #082.0134727 Listed on: 09/18/2020

Last Buyer's Agent

Rhonda Nash

Welcome Home Real Estate License #082.0008418

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Sloped Up

Parking

  • Gravel Driveway

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • 2-Story Property

Flooring

  • Wood
  • Tile

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Outdoor Features

  • Porch

Utilities

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

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $20,400
  • Net Operating Income $8,811

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 64.1
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3276
  • Sq Ft - Apx Total Finished: 3276
  • Property Type: Multi-Family
  • Year Built: 1920
  • Remarks Public: This immaculately maintained 2 unit property offers many possibilities. Purchase it as an investment that you shouldn't have to do a thing to for years to come or buy it as an owner occupied property where you can supplement your mortgage with the rental income from the 2nd unit. Both units have hardwood floors throughout, with the exception of the bathrooms and kitchens, which have nice tile flooring. This multifamily has a 2 car garage, separate heating units and electricity, 2 sets of washer and dryer hookups, and dishwashers in each unit. What more could you ask for!
  • L A1 M M S I Memberkey: 618545
  • List Agent: 281929
  • L O1 Homesnapcom: Yes
  • L O1 M M S I Officekey: 75293
  • S A1 M M S I Memberkey: 392843
  • S O1 Homesnapcom: Yes
  • S O1 M M S I Officekey: 70314
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Tile, Wood
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Full, Unfinished
  • Sq Ft - Apx Finished AG: 2184
  • Sq Ft - Apx Finished BG: 1092

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Vinyl
  • Foundation: Concrete
  • Road Frontage: TBD
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt
  • Features Exterior: Porch

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Heating Fuel: Oil
  • Heating: Baseboard, Hot Water
  • Separate Utilities: Yes

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 6534
  • Lot Acres: 0.15
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: R2
  • Deed Book: 94
  • Deed Page: 516
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 20400
  • Net Income: 8811
  • Total Full Baths: 2
  • Total Units: 2
  • Total2 Bedroom Units: 2

Tax Info

  • Taxes TBD: Yes
  • Tax Gross Amount: 4705.88
  • Tax Year: 2020

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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
03/03/2021 03/03/21 Sold $140,000 -6.0% $43 / Sq Ft
01/25/2021 01/25/21 Pending -- -- --
12/03/2020 12/03/20 For Sale $149,000 0.0% $45 / Sq Ft
10/24/2020 10/24/20 Pending -- -- --
09/18/2020 09/18/20 For Sale $149,000 +41.9% $45 / Sq Ft
09/03/2018 09/03/18 Sold $105,000 -4.5% $48 / Sq Ft
08/01/2018 08/01/18 Pending -- -- --
07/02/2018 07/02/18 For Sale $110,000 -- $50 / 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 -- $135,800 $40,600 $95,200
2023 -- $135,800 $40,600 $95,200
2022 $4,689 $135,800 $40,600 $95,200
2021 $4,748 $135,800 $40,600 $95,200
2020 $4,706 $135,800 $40,600 $95,200
2019 $4,590 $135,800 $40,600 $95,200
2018 $4,596 $135,800 $40,600 $95,200
2017 $4,279 $135,800 $40,600 $95,200
2016 $4,266 $135,800 $40,600 $95,200
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2021

    Hughes Group Team

    Casella Real Estate

  • Rhonda Nash

    Buyer's Agent in 2021

    Rhonda Nash

    Welcome Home Real Estate

    (802) 353-7075

    33 in this area

    86 Total Sales

    Rhonda Nash
    Section Image
  • James Watson

    Seller's Agent in 2018

    James Watson

    Watson Realty & Associates

    (802) 345-0081

    Section Image

  • B

    Buyer's Agent in 2018

    Betsy Reddy

    Watson Realty & Associates

See All Agents

Map

Source: PrimeMLS

MLS Number: 4829529

PrimeMLS

APN: 540-170-13498

Vermont Rutland County Rutland 05701

2 Olmstead Place, Rutland, VT

This home is located at 2 Olmstead Place, Rutland, VT 05701 since 18 September 2020 and is currently estimated at $259,333, approximately $79 per square foot. This property was built in 1920. 2 Olmstead Place 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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