NOT LISTED FOR SALE

22 E Center St Rutland, VT 05701

Estimated Value: $272,189 - $391,000

-- Bed
-- Bath
2,972 Sq Ft
$108/Sq Ft Est. Value

Last Sold December 31, 2014

Last sale price $165,000 $56 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $2,121/month

Highlights

  • Wood Flooring
  • Hot Water Heating System
  • Wood Siding
  • Covered patio or porch
  • 2 Car Garage
  • 3-minute walk to Main Street Park

About This Home

As of December 2014

A proven money maker four unit apartment house that always is rented due to the east of Route 7 location in a quiet safe neighborhood of Rutland City. The house has been completely rewired, has a newer heating system and retains a lot of the original woodwork and hardwood floors. Separate electric, hardwired smokes/CO detectors, 2 car garage with new roof, large dry basement with house washer & dryer and beautiful front entry features fireplace, built in benches and original hardwood woodwork. Rutland City Certificates of Occupancy in place and all units are rented. Gross income; $ 34,920. Net Operating Income: $ 20,442. This house will pay it's way and provide a nice cash on cash return on the down payment. 48 HOUR NOTICE SHOW.

Last Agent to Sell the Property

James Watson

Watson Realty & Associates License #081.0000346 Listed on: 12/29/2014

Last Buyer's Agent

Jean Chamberlain

Four Seasons Sotheby's Int'l Realty License #081.0001723

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 0.29 Acre Lot
  • Lot Sloped Up

Parking

  • 2 Car Garage
  • Gravel Driveway

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Slate Roof
  • Membrane Roofing
  • Wood Siding
  • Clapboard

Interior Spaces

  • 2,972 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Parquet
  • Carpet
  • Laminate
  • Tile
  • Vinyl

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Schools

  • Rutland Northeast Primary Sch Elementary School
  • Rutland Middle School

Utilities

  • Radiator
  • Hot Water Heating System
  • 100 Amp Service

Additional Features

  • Covered patio or porch
  • City Lot

Community Details

  • 4 Units
  • Gross Income $34,920

Listing and Financial Details

  • Rent includes heat, hot water, landscaping, parking, plowing, sewer, snow removal, trash

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Status Detail: Closed
  • Directions: Located on the south side of East Center St. between East St. and South Main St.
  • Assessment Year: 2014
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 55.52
  • Property Class: Multi-Family
  • Sq Ft - Apx Total Finished: 2972
  • Unit Info: Range - Electric, Refrigerator
  • Year Built: 1900
  • Remarks Public: A proven money maker four unit apartment house that always is rented due to the east of Route 7 location in a quiet safe neighborhood of Rutland City. The house has been completely rewired, has a newer heating system and retains a lot of the original woodwork and hardwood floors. Separate electric, hardwired smokes/CO detectors, 2 car garage with new roof, large dry basement with house washer & dryer and beautiful front entry features fireplace, built in benches and original hardwood woodwork. Rutland City Certificates of Occupancy in place and all units are rented. Gross income; $ 34,920. Net Operating Income: $ 20,442. This house will pay it's way and provide a nice cash on cash return on the down payment. 48 HOUR NOTICE SHOW.
  • List Agent: 21787
  • Architectural Style: Conversion
  • ResoLotFeatures: City Lot, In Town
  • Road Frontage Type: Public
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Water Heater – Domestic
  • Flooring: Carpet, Hardwood, Laminate, Parquet, Tile, Vinyl
  • Total Rooms Above Ground: 8
  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Full, Unfinished
  • Sq Ft - Apx Finished AG: 2972

Exterior Features

  • Driveway: Gravel, Paved
  • Foundation: Concrete
  • Roof: Membrane, Slate
  • Features Exterior: Porch - Covered
  • Construction Type: Wood Frame, Clapboard Exterior, Wood Exterior

Garage/Parking

  • Garage Capacity: 2
  • Parking: Barn, Detached, Parking Spaces 2
  • Garage: Yes

Utilities

  • Electric: 100 Amp, Circuit Breaker(s)
  • Sewer: Public
  • Heating: Oil, Hot Water, Radiator
  • Separate Utilities: Varies
  • Total Electric Meters: 5
  • Total Heat Units: 1
  • Total Ranges: 4
  • Total Refrigerators: 4
  • Water Source: Public

Fee Information

  • Tax Class: Non-Homestead

Schools

  • Elementary School: Rutland Northeast Primary Sch
  • Middle School: Rutland Middle School
  • Elementary School: Rutland Northeast Primary Sch

Lot Info

  • Lot Sq Ft: 12632
  • Lot Acres: 0.29
  • Surveyed: Unknown
  • Zoning: MSP
  • Deed Book: 230
  • Deed Page: 185
  • Deed Recorded Type: Warranty

Rental Info

  • Rent Includes: Heat, Hot Water, Landscaping, Parking, Plowing, Sewer, Snow Removal, Trash

Multi Family

  • Gross Income: 34920
  • Total Units: 4
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 4892.06
  • Tax Year: 2014

MLS Schools

  • School Middle Jr: Rutland Middle School

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
12/31/2014 12/31/14 Sold $165,000 -7.8% $56 / Sq Ft
12/29/2014 12/29/14 Pending -- -- --
12/29/2014 12/29/14 For Sale $179,000 -- $60 / 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 -- $155,200 $56,600 $98,600
2023 -- $155,200 $56,600 $98,600
2022 $5,307 $155,200 $56,600 $98,600
2021 $5,293 $155,200 $56,600 $98,600
2020 $5,094 $155,200 $56,600 $98,600
2019 $5,019 $155,200 $56,600 $98,600
2018 $5,253 $155,200 $56,600 $98,600
2017 $4,789 $155,200 $56,600 $98,600
2016 $4,875 $155,200 $56,600 $98,600
Source: Public Records

Agents Affiliated with this Home

  • James Watson

    Seller's Agent in 2014

    James Watson

    Watson Realty & Associates

    (802) 345-0081

    Section Image
  • Jean Chamberlain

    Buyer's Agent in 2014

    Jean Chamberlain

    Four Seasons Sotheby's Int'l Realty

    (802) 774-7007

    75 in this area

    107 Total Sales

    Jean Chamberlain
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4397644

PrimeMLS

APN: 540-170-11225

Vermont Rutland County Rutland 05701

22 E Center St, Rutland, VT

This home is located at 22 E Center St, Rutland, VT 05701 since 29 December 2014 and is currently estimated at $321,547, approximately $108 per square foot. This property was built in 1900. 22 E Center 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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