NOT LISTED FOR SALE

24 Terrill St Rutland, VT 05701

Estimated Value: $106,237

3 Beds
2 Baths
1,998 Sq Ft
$53/Sq Ft Est. Value

Last Sold December 30, 2021

Last sale price $82,500 $41 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $685/month

231 Days on Market

About This Home

As of December 2021

14% Cap Rate on this 2-unit in Rutland City! Apartment A has two bedrooms, bathroom and living room on the second floor and kitchen on the first floor. Apartment B is has one bedroom on the first floor. Option to purchase this property in conjunction with 6-unit multi-family at 23 Mansfield Place for combined purchase price of $460,000. The two buildings share a driveway and parking lot.

Last Agent to Sell the Property

Andy Paluch

Longview Commercial Real Estate License #081.0134370 Listed on: 02/12/2021

Last Buyer's Agent

Andy Paluch

Longview Commercial Real Estate License #081.0134370 Listed on: 02/12/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Sloped Up

Parking

  • Paved Parking

Home Design

  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Metal Roof
  • Clap Board Siding

Interior Spaces

  • 1.75-Story Property

Unfinished Basement

  • Interior Basement Entry
  • Crawl Space

Utilities

  • Forced Air Heating System
  • Heating System Uses Oil
  • Electric Water Heater
  • Cable TV Available

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $19,200
  • Net Operating Income $12,119

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Directions: From Main Street/ Rt 7, turn onto Terrill Street. House on the right side.
  • Construction: Existing
  • Total Stories: 1.75
  • Price Per Sq Ft: 41.29
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3752
  • Sq Ft - Apx Total Finished: 1998
  • Year Built: 1920
  • Remarks Public: 14% Cap Rate on this 2-unit in Rutland City! Apartment A has two bedrooms, bathroom and living room on the second floor and kitchen on the first floor. Apartment B is has one bedroom on the first floor. Option to purchase this property in conjunction with 6-unit multi-family at 23 Mansfield Place for combined purchase price of $460,000. The two buildings share a driveway and parking lot.
  • List Agent: 285693
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Crawl Space, Unfinished
  • Sq Ft - Apx Finished AG: 1998
  • Sq Ft - Apx Unfinished BG: 1754

Exterior Features

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

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Heating Fuel: Oil
  • Heating: Forced Air
  • Utilities: Cable

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 5663
  • Lot Acres: 0.13
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: GB-47
  • Deed Book: 668
  • Deed Page: 238
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 19200
  • Net Income: 12119
  • Total Units: 2
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 1

Tax Info

  • Tax Year Notes: 20-21
  • Tax Gross Amount: 4123.68
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2021
Closed on
Dec 30, 2021
Sold by
Cbm North St Llc
Seller's Agent
Andy Paluch
Longview Commercial Real Estate
Buyer's Agent
Andy Paluch
Longview Commercial Real Estate
List Price
$85,000
Sold Price
$82,500
Premium/Discount to List
-$2,500
-2.94%
Current Estimated Value
$106,237

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,737
Avg. Annual Appreciation
6.75%

Purchase Details

Closed on
Aug 4, 2017
Sold by
Cbm Terrill Llc
Bought by
Cbm North St Llc

Purchase Details

Closed on
May 6, 2016
Sold by
Amy J Pell Bryan J Pell J and Amy Michael A
Bought by
Cbm Terrill Llc
Source: Public Records

Range of Values:

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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
-- $82,500 --
Cbm North St Llc -- --
Cbm Terrill Llc $80,000 --
Cbm Terrill Llc $80,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2021 12/30/21 Sold $82,500 -2.9% $41 / Sq Ft
10/01/2021 10/01/21 Pending -- -- --
02/12/2021 02/12/21 For Sale $85,000 -- $43 / 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 -- $119,000 $44,600 $74,400
2023 -- $119,000 $44,600 $74,400
2022 $4,109 $119,000 $44,600 $74,400
2021 $4,161 $119,000 $44,600 $74,400
2020 $4,124 $119,000 $44,600 $74,400
2019 $4,022 $119,000 $44,600 $74,400
2018 $4,028 $119,000 $44,600 $74,400
2017 $3,750 $119,000 $44,600 $74,400
2016 $3,738 $119,000 $44,600 $74,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4847344

PrimeMLS

APN: 540-170-14228