NOT LISTED FOR SALE

25 E Washington St Rutland, VT 05701

Estimated Value: $215,000 - $303,000

4 Beds
3 Baths
2,230 Sq Ft
$117/Sq Ft Est. Value

Last Sold October 23, 2020

Last sale price $145,000 $65 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $1,682/month

52 Days on Market

Highlights

  • Porch
  • Forced Air Heating System
  • 5-minute walk to Main Street Park
  • Tile Flooring

About This Home

As of October 2020

Here is a 3 unit investment property that produces a cap rate of just over 10 percent and has all separate utilities. Upstairs consists of 2 one bedroom units, both occupied by long term great tenants. Downstairs is a spacious 2 bedroom unit with access to the basement where there is a washer and dryer hook up. Off of the downstairs unit is a large back deck. There is a driveway on either side of the house providing plenty of off street parking.

Last Agent to Sell the Property

Hughes Group Team

Casella Real Estate License #082.0134727 Listed on: 07/07/2020

Last Buyer's Agent

Mike Kalil

Watson Realty & Associates License #081.0095645

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1899

Lot Details

  • 0.25 Acre Lot
  • Lot Sloped Up

Parking

  • Gravel Driveway

Home Design

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

Interior Spaces

  • 3 Full Bathrooms
  • 2-Story Property
  • Unfinished Basement
  • Interior Basement Entry

Flooring

  • Carpet
  • Tile

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Electric Water Heater
  • Phone Available

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $8,748
  • Gross Income $24,900
  • Net Operating Income $16,152

Property Details

Home Type

Multi-Family

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Directions: From Route 7 turn onto E. Washington St- Property will be on left
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 65.02
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3345
  • Sq Ft - Apx Total Finished: 2230
  • Property Type: Multi-Family
  • Year Built: 1899
  • Remarks Public: Here is a 3 unit investment property that produces a cap rate of just over 10 percent and has all separate utilities. Upstairs consists of 2 one bedroom units, both occupied by long term great tenants. Downstairs is a spacious 2 bedroom unit with access to the basement where there is a washer and dryer hook up. Off of the downstairs unit is a large back deck. There is a driveway on either side of the house providing plenty of off street parking.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Tile
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Unfinished
  • Sq Ft - Apx Finished AG: 2230
  • Sq Ft - Apx Unfinished BG: 1115

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Vinyl Siding
  • Foundation: Brick, Stone
  • Road Frontage: TBD
  • Roads: Paved, Public
  • Roof: Slate
  • Features Exterior: Porch

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Heating Fuel: Gas - LP/Bottle, Oil
  • Heating: Forced Air, Gas Heater
  • Total Electric Meters: 3
  • Total Heat Units: 3
  • Total Ranges: 3
  • Total Refrigerators: 3
  • Total Water Heaters: 3
  • Utilities: Telephone Available

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 10890
  • Lot Acres: 0.25
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: MSP
  • Deed Book: 89
  • Deed Page: 289
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 24900
  • Net Income: 16152
  • Total Full Baths: 3
  • Total Units: 3
  • Total1 Bedroom Units: 2
  • Total2 Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 4880.12
  • Tax Year: 2020

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
10/23/2020 10/23/20 Sold $145,000 -9.3% $65 / Sq Ft
08/28/2020 08/28/20 Pending -- -- --
07/07/2020 07/07/20 For Sale $159,900 -- $72 / 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 -- $144,400 $56,400 $88,000
2023 -- $144,400 $56,400 $88,000
2022 $4,986 $144,400 $56,400 $88,000
2021 $5,049 $144,400 $56,400 $88,000
2020 $5,004 $144,400 $56,400 $88,000
2019 $4,880 $144,400 $56,400 $88,000
2018 $4,887 $144,400 $56,400 $88,000
2017 $4,550 $144,400 $56,400 $88,000
2016 $4,536 $144,400 $56,400 $88,000
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2020

    Hughes Group Team

    Casella Real Estate

    (802) 772-7487

    181 in this area

    461 Total Sales

    Hughes Group Team
    Section Image
  • Mike Kalil

    Buyer's Agent in 2020

    Mike Kalil

    Watson Realty & Associates

    (802) 342-8899

    76 in this area

    118 Total Sales

    Mike Kalil
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4815426

PrimeMLS

APN: 540-170-15149

Vermont Rutland County Rutland 05701

25 E Washington St, Rutland, VT

This home is located at 25 E Washington St, Rutland, VT 05701 since 07 July 2020 and is currently estimated at $260,907, approximately $116 per square foot. This property was built in 1899. 25 E Washington St is a home located in Rutland County with nearby schools including Rutland Intermediate School, Rutland Middle School, and Rutland Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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