NOT LISTED FOR SALE

25 E Washington St Rutland, VT 05701

Rutland Area

Estimated Value: $219,000 - $269,000

4 Beds
3 Baths
2,230 Sq Ft
$108/Sq Ft Est. Value

Sale Details

Date Sold: October 23, 2020

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

Est. 66% increase in value since last sale

Current estimated payment $1,546 / mo

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

  • 10,890 Sq Ft 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
  • 2,230 Sq Ft Home
  • 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

0.25 Acres

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
  • 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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2020
Closed on
Oct 22, 2020
Sold by
Bought by
Seller's Agent
Hughes Group Team
Casella Real Estate
Buyer's Agent
Mike Kalil
Watson Realty & Associates
List Price
$159,900
Sold Price
$145,000
Premium/Discount to List
-$14,900
-9.32%
Current Estimated Value
$240,371

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,371
Avg. Annual Appreciation
9.24%

Purchase Details

Closed on
May 13, 2017
Sold by
Bought by

Purchase Details

Closed on
May 29, 2012
Sold by
Bought by

Purchase Details

Closed on
Aug 15, 1989
Sold by
Bought by

Purchase Details

Closed on
Jun 22, 1988
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$145,000 --
-- --
$135,000 --
-- --
$100,000 --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 -- $144,400 $56,400 $88,000
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 $0 $144,400 $56,400 $88,000
2015 -- $1,444 $0 $0
2014 -- $1,444 $0 $0
2013 -- $1,444 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Hughes Group Team

    Seller's Agent in 2020

    Hughes Group Team

    Casella Real Estate

    (802) 770-4350

    414 Total Sales

    Hughes Group Team
    Section Image
  • Mike Kalil

    Buyer's Agent in 2020

    Mike Kalil

    Watson Realty & Associates

    (802) 342-8899

    83 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

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