NOT LISTED FOR SALE

21-23 Elm St Proctor, VT 05765

Estimated Value: $160,000 - $292,884

4 Beds
3 Baths
1,729 Sq Ft
$125/Sq Ft Est. Value

Last Sold October 02, 2023

Last sale price $260,000 $150 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $1,357/month

18 Days on Market

About This Home

As of October 2023

Here is a great opportunity for the investor looking to add to their portfolio or someone that is looking to occupy a low maintenance building to help offset their payments. Located in the marble town of Proctor is this three unit property that has a great rental history. One side offers two bedrooms upstairs and is ready to move in! It has a spacious kitchen with stone countertops and newer flooring throughout the space. The other half of the building offers two one bedroom units that are currently rented with long term tenants. Located close to Rutland, skiing, shopping and some local lakes this is a great place to enjoy a quite neighborhood while being close to local amenities.

Last Agent to Sell the Property

Flex Realty Group

Flex Realty Listed on: 07/27/2023

Last Buyer's Agent

Rhonda Nash

Welcome Home Real Estate License #082.0008418

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,838

Year Built

  • Built in 1900

Lot Details

  • 0.34 Acre Lot
  • Lot Sloped Up

Home Design

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

Interior Spaces

  • 3 Full Bathrooms
  • 2-Story Property
  • Window Screens

Unfinished Basement

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

Parking

  • Stone Driveway
  • Assigned Parking

Outdoor Features

  • Porch

Schools

  • Proctor Elementary School
  • Proctor Jr/Sr High Middle School
  • Proctor Jr/Sr High School

Utilities

  • Heating System Uses Gas
  • Heating System Uses Oil
  • Separate Meters
  • 100 Amp Service
  • Liquid Propane Gas Water Heater
  • Cable TV Available

Community Details

Overview

  • 3 Units

Recreation

  • Snow Removal

Building Details

  • Operating Expense $8,777
  • Gross Income $38,100
  • Net Operating Income $29,323

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,838

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family, Townhouse
  • Directions: Turn left onto Vermont Rte 100 S, turn right onto State Rte 73/VT-73 W, turn left onto McConnell Rd, turn left onto US-7 S, turn right onto Elm St, turn right onto Gorham Bridge Rd, turn left onto Elm St, destination will be on your left.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 150.38
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 4506
  • Sq Ft - Apx Total Finished: 2593
  • Year Built: 1900
  • List Agent: 282458
  • Unique Disclaimer: The listing broker's offer of compensation is made only to other real estate licensees who are participant members of PrimeMLS.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Full, Unfinished
  • Sq Ft - Apx Finished AG: 1729
  • Sq Ft - Apx Finished BG: 864
  • Sq Ft - Apx Unfinished BG: 1913

Exterior Features

  • Construction: Wood Frame
  • Driveway: Crushed Stone
  • Exterior: Vinyl
  • Foundation: Marble
  • Road Frontage: TBD
  • Roads: Paved, Public
  • Roof: Slate
  • Features Exterior: Porch, Window Screens

Garage/Parking

  • Parking: Assigned

Utilities

  • Electric: 100 Amp, Circuit Breaker(s)
  • Fuel Company: Marcel
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas - LP/Bottle
  • Heating Fuel: Gas - LP/Bottle, Oil
  • Heating: Hot Air
  • Electric Company: Green Mountain Power
  • Separate Utilities: Yes
  • Utilities: Cable

Condo/Co-op/Association

  • Association Amenities: Snow Removal

Fee Information

  • Tax Class: Non-Homestead

Schools

  • Elementary School: Proctor Elementary School
  • High School: Proctor Jr/Sr High School

Lot Info

  • Lot Sq Ft: 14810
  • Lot Acres: 0.34
  • Lot Description: City Lot
  • Zoning: res
  • Deed Book: 81
  • Deed Page: 141
  • Deed Recorded Type: Quit Claim

Multi Family

  • Gross Income: 38100
  • Net Income: 29323
  • Total Full Baths: 3
  • Total Units: 3
  • Total1 Bedroom Units: 2
  • Total2 Bedroom Units: 1

Tax Info

  • Tax Year Notes: and 2024
  • Tax Gross Amount: 2837.63
  • Tax Year: 2023

MLS Schools

  • School District: Rutland Central
  • School Middle Jr: Proctor Jr/Sr High School

Range of Values:

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Value Increase
--
Percent Increase
--
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
10/02/2023 10/02/23 Sold $260,000 -5.5% $150 / Sq Ft
08/14/2023 08/14/23 Pending -- -- --
07/27/2023 07/27/23 For Sale $275,000 -- $159 / 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 -- $104,590 $19,100 $85,490
2023 -- $104,590 $19,100 $85,490
2022 $2,687 $104,590 $19,100 $85,490
2021 $2,774 $104,590 $19,100 $85,490
2020 $2,826 $104,590 $19,100 $85,490
2019 $2,817 $104,590 $19,100 $85,490
2018 $2,704 $104,590 $19,100 $85,490
2017 $2,557 $104,590 $19,100 $85,490
2016 $2,199 $96,800 $31,100 $65,700
Source: Public Records

Agents Affiliated with this Home

  • Flex Realty Group

    Seller's Agent in 2023

    Flex Realty Group

    Flex Realty

    (802) 399-2860

    7 in this area

    1,819 Total Sales

    Flex Realty Group
    Section Image
  • Rhonda Nash

    Buyer's Agent in 2023

    Rhonda Nash

    Welcome Home Real Estate

    (802) 353-7075

    6 in this area

    77 Total Sales

    Rhonda Nash
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4963089

PrimeMLS

APN: 498-157-10355

Vermont Rutland County Proctor 05765

21-23 Elm St, Proctor, VT

Not Listed for Sale

MultiFamily

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