NOT LISTED FOR SALE

24 E Washington St Rutland, VT 05701

Estimated Value: $334,119

5 Beds
4 Baths
1,912 Sq Ft
$175/Sq Ft Est. Value

Last Sold October 25, 2024

Last sale price $297,500 $156 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,086/month

9 Days on Market

Highlights

  • Colonial Architecture
  • High Speed Internet
  • 5-minute walk to Main Street Park
  • Heating System Uses Steam
  • Walk-Up Access

About This Home

As of October 2024

Welcome to your investment opportunity in the heart of Rutland! This beautifully maintained multi-family property consists of two 1-bedroom units one 2-bedroom unit, and one studio apartment providing a versatile and income-generating space. Located within walking distance to the vibrant downtown area, this property offers both convenience and charm and has been meticulously cared for, providing a turnkey investment opportunity. Recent updates and regular maintenance ensure a hassle-free ownership experience.

Last Agent to Sell the Property

Hughes Group Team

Casella Real Estate License #082.0134727 Listed on: 09/03/2024

Last Buyer's Agent

Igor Polenov

Igor Real Estate LLC License #081.0134308

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,800

Year Built

  • Built in 1900

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Sloped Up

Parking

  • Gravel Driveway

Home Design

  • Colonial Architecture
  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Clapboard

Interior Spaces

  • 4 Full Bathrooms
  • 1,912 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Walk-Up Access

Location

  • City Lot

Utilities

  • Heating System Uses Steam
  • Heating System Uses Oil
  • High Speed Internet
  • Phone Available

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $16,882
  • Gross Income $38,934
  • Net Operating Income $22,053

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,800

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 155.6
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 2868
  • Sq Ft - Apx Total Finished: 1912
  • Year Built: 1900
  • List Agent: 281929
  • Display On Internet: High Speed Intrnt -Avail
  • Architectural Style: Colonial, Multi-Family
  • ResoLotFeatures: City Lot
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Unfinished
  • Sq Ft - Apx Finished AG: 1912
  • Sq Ft - Apx Unfinished BG: 956

Exterior Features

  • Driveway: Gravel
  • Foundation: Brick, Stone
  • Road Frontage: TBD
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt
  • Construction Type: Wood Frame, Clapboard Exterior

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Heating Fuel: Oil
  • Heating: Steam
  • Total Ranges: 4
  • Total Refrigerators: 4
  • Utilities: Telephone Available
  • Water Source: Public

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 8712
  • Lot Acres: 0.2
  • Surveyed: Unknown
  • Zoning: unknown
  • Deed Book: 687
  • Deed Page: 190
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 38934
  • Net Income: 22052.99
  • Total Full Baths: 4
  • Total Units: 4
  • Total1 Bedroom Units: 3
  • Total2 Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 4800.24
  • Tax Year: 2025

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2019
Closed on
Aug 1, 2019
Sold by
M K Phoenix Llc
Seller's Agent
Mike Kalil
Watson Realty & Associates
Buyer's Agent
Hughes Group Team
Casella Real Estate
List Price
$225,000
Sold Price
$200,000
Premium/Discount to List
-$25,000
-11.11%
Current Estimated Value
$334,119

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,119
Avg. Annual Appreciation
8.40%

Purchase Details

Closed on
Oct 12, 2006
Sold by
Nakazawa Maria A
Bought by
24 East Washington Street Llc

Purchase Details

Closed on
Jun 5, 2006
Sold by
Dirk Nakazawa
Bought by
Nakazawa Maria A

Purchase Details

Closed on
Jul 22, 1996
Sold by
Olson Laurie G
Bought by
Allen Trust A Revocable Trust

Purchase Details

Closed on
Dec 9, 1988
Sold by
Olson John O
Bought by
Olson Laurie G
Source: Public Records

Range of Values:

--
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

Purchase History

Date Buyer Sale Price Title Company
-- $193,275 --
24 East Washington Street Llc -- --
Nakazawa Maria A -- --
Allen Trust A Revocable Trust $60,000 --
Olson Laurie G -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/25/2024 10/25/24 Sold $297,500 -0.5% $156 / Sq Ft
09/12/2024 09/12/24 Pending -- -- --
09/03/2024 09/03/24 For Sale $299,000 +49.5% $156 / Sq Ft
08/01/2019 08/01/19 Sold $200,000 -11.1% $80 / Sq Ft View Prior Sale
06/18/2019 06/18/19 Pending -- -- --
06/17/2019 06/17/19 For Sale $225,000 -- $90 / 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
2021 $1,083 $123,900 $56,100 $67,800
2020 $2,166 $123,900 $56,100 $67,800
2019 $0 $123,900 $56,100 $67,800
2018 $4,690 $123,900 $56,100 $67,800
2017 $4,858 $154,400 $56,100 $98,300
2016 $0 $154,400 $56,100 $98,300
2015 -- $1,544 $0 $0
2014 -- $1,544 $0 $0
2013 -- $1,544 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 5012330

PrimeMLS

APN: 540-170-10128