NOT LISTED FOR SALE

268 River St Bethel, VT 05032

Estimated Value: $216,968 - $310,000

4 Beds
3 Baths
3,656 Sq Ft
$72/Sq Ft Est. Value

Last Sold August 31, 2023

Last sale price $210,000 $57 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $2,036/month

324 Days on Market

Highlights

  • Colonial Architecture
  • Landscaped
  • High Speed Internet
  • 2 Car Attached Garage
  • Baseboard Heating
  • Level Lot

About This Home

As of August 2023

PRICE REDUCTION!! Investment opportunity awaits!  This historic and stately brick colonial is currently set up as a 3-unit apartment house in the village of Bethel.  The first floor is a large 2 bedroom, 1 bath unit and both second-floor units are 1 bedroom- 1 bath apartments. Recent renovations include a new oil tank, electrical upgrades and the garage received a new poured concrete floor, standing seam roof and new garage doors. Nice backyard with garden space and playground area.  Apartment #3 recently became vacant, so the new owner has the choice of living on site or gaining additional rental income. On-site coin operated laundry machines included. Great central location with easy commute to Rutland or Royalton and close to I-89 Exit 3 for travels North to Montpelier or South to Lebanon/Hanover. 48 Hours' notice, no weekend showings.

Last Agent to Sell the Property

Eric Kenyon

Rural Vermont Real Estate License #081.0134076 Listed on: 07/13/2022

Last Buyer's Agent

Holly Hall

Hall Collins Real Estate Group License #082.0112800

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1817

Lot Details

  • 0.5 Acre Lot
  • Landscaped
  • Level Lot
  • Historic Home

Parking

  • 2 Car Attached Garage
  • Dirt Driveway

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Stone Foundation
  • Vinyl Siding

Interior Spaces

  • 3 Full Bathrooms
  • 2-Story Property

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Connecting Stairway
  • Interior Basement Entry

Schools

  • Bethel Elementary School
  • Whitcomb Jr/Sr High Middle School
  • Whitcomb Jr/Sr High School

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Oil
  • 200+ Amp Service
  • Gas Water Heater
  • Septic Tank
  • Private Sewer
  • Leach Field
  • High Speed Internet
  • Cable TV Available

Community Details

Overview

  • 3 Units

Building Details

  • 1 Separate Gas Meter
  • Operating Expense $24,168
  • Gross Income $40,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1817

Lot Details

0

Parking

2

Listing Details

  • Status Detail: Closed
  • Style: Colonial, Historic Vintage
  • Directions: From intersection of Route 12 & Route 107 in Bethel Village, take Route 12 South under RR Tracks and across bridge. Property is on the right after you cross the bridge. Sign on property.
  • Flood Zone: Unknown
  • Assessment Amount: 229700
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 57.44
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 5484
  • Sq Ft - Apx Total Finished: 3656
  • Year Built: 1817
  • Remarks Public: PRICE REDUCTION!! Investment opportunity awaits!  This historic and stately brick colonial is currently set up as a 3-unit apartment house in the village of Bethel.  The first floor is a large 2 bedroom, 1 bath unit and both second-floor units are 1 bedroom- 1 bath apartments. Recent renovations include a new oil tank, electrical upgrades and the garage received a new poured concrete floor, standing seam roof and new garage doors. Nice backyard with garden space and playground area.  Apartment #3 recently became vacant, so the new owner has the choice of living on site or gaining additional rental income. On-site coin operated laundry machines included. Great central location with easy commute to Rutland or Royalton and close to I-89 Exit 3 for travels North to Montpelier or South to Lebanon/Hanover. 48 Hours' notice, no weekend showings.
  • List Agent: 280731
  • Unique Disclaimer: The listing broker's offer of compensation is made only to other real estate licensees who are participant members of PrimeMLS.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Rooms Above Ground: 11
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Concrete, Full, Stairs - Interior, Walkout
  • Sq Ft - Apx Finished AG: 3656
  • Sq Ft - Apx Unfinished BG: 1828

Exterior Features

  • Construction: Masonry
  • Driveway: Dirt
  • Exterior: Brick, Vinyl Siding
  • Foundation: Stone
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Standing Seam

Garage/Parking

  • Garage Capacity: 2
  • Parking: Driveway, On-Site, Parking Spaces 5
  • Garage: Yes
  • Garage Type: Attached

Utilities

  • Electric: 200 Amp, Circuit Breaker(s)
  • Fuel Company: Dead River
  • Sewer: 1250 Gallon, Leach Field, Private
  • Water: Public
  • Water Heater: Gas
  • Heating Fuel: Oil
  • Heating: Baseboard, Hot Water
  • Electric Company: Green Mountain Power
  • Total Electric Meters: 1
  • Total Gas Meters: 1
  • Total Ranges: 3
  • Total Refrigerators: 3
  • Total Water Heaters: 1
  • Trash: Owner
  • Utilities: Cable - Available, High Speed Intrnt -Avail

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: White River Valley Supervisory Union
  • Elementary School: Bethel Elementary School
  • Middle School: Whitcomb Jr/Sr High School
  • High School: Whitcomb Jr/Sr High School
  • Elementary School: Bethel Elementary School
  • High School: Whitcomb Jr/Sr High School

Lot Info

  • Lot Sq Ft: 21780
  • Lot Acres: 0.5
  • Lot Description: Landscaped, Level
  • Surveyed: Unknown
  • Zoning: Village Zoning
  • Deed Book: 117
  • Deed Page: 168
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 40200
  • Total Full Baths: 3
  • Total Units: 3
  • Total1 Bedroom Units: 2
  • Total2 Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 5912.48
  • Tax Year: 2023

MLS Schools

  • School District: White River Valley Supervisory Union
  • School Middle Jr: Whitcomb Jr/Sr High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2022
Closed on
Aug 31, 2023
Sold by
Hls Holdings Llc
Bought by
Hope House Llc
Seller's Agent
Eric Kenyon
Rural Vermont Real Estate
Buyer's Agent
Holly Hall
Hall Collins Real Estate Group
List Price
$259,000
Sold Price
$210,000
Premium/Discount to List
-$49,000
-18.92%
Total Days on Market
324
Views
247
Current Estimated Value
$261,992

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,992
Avg. Annual Appreciation
12.85%

Purchase Details

Listed on
Feb 8, 2021
Closed on
May 25, 2021
Sold by
The Brennifers Llc
Seller's Agent
Dennis Brown
Dennis Brown Realty
Buyer's Agent
Eric Kenyon
Rural Vermont Real Estate
List Price
$239,000
Sold Price
$215,000
Premium/Discount to List
-$24,000
-10.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.03%

Purchase Details

Listed on
Apr 6, 2015
Closed on
Aug 27, 2015
Sold by
Federal National Mortgage Association A/
Seller's Agent
Rebecca Woodard
Blue Ridge Real Estate
Buyer's Agent
Rebecca Woodard
Blue Ridge Real Estate
List Price
$155,000
Sold Price
$55,000
Premium/Discount to List
-$100,000
-64.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.76%

Purchase Details

Closed on
Jul 21, 2014
Sold by
Tevosian Sergei and Stallworthy Diane
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Oct 9, 2010
Sold by
Stallworthy Diane
Bought by
Tevosian Sergei
Source: Public Records

Range of Values:

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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
Hope House Llc $210,000 --
Hope House Llc $210,000 --
-- $215,000 --
-- $215,000 --
-- $55,000 --
-- $55,000 --
Federal National Mortgage Association -- --
Federal National Mortgage Association -- --
Tevosian Sergei -- --
Tevosian Sergei -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2023 08/31/23 Sold $210,000 -12.1% $57 / Sq Ft
06/02/2023 06/02/23 Pending -- -- --
04/24/2023 04/24/23 Price Changed $239,000 -7.7% $65 / Sq Ft
01/03/2023 01/03/23 For Sale $259,000 +23.3% $71 / Sq Ft
01/01/2023 01/01/23 Off Market $210,000 -- --
08/08/2022 08/08/22 Price Changed $259,000 -3.4% $71 / Sq Ft
07/13/2022 07/13/22 For Sale $268,000 +24.7% $73 / Sq Ft
05/25/2021 05/25/21 Sold $215,000 -10.0% $59 / Sq Ft
03/28/2021 03/28/21 Pending -- -- --
02/08/2021 02/08/21 For Sale $239,000 +334.5% $65 / Sq Ft
08/28/2015 08/28/15 Sold $55,000 -64.5% $15 / Sq Ft
08/11/2015 08/11/15 Pending -- -- --
04/06/2015 04/06/15 For Sale $155,000 -- $42 / 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 $6,985 $229,700 $20,000 $209,700
2023 $3,614 $229,700 $20,000 $209,700
2022 $5,912 $229,700 $20,000 $209,700
2021 $6,037 $229,700 $20,000 $209,700
2020 $5,189 $199,300 $20,000 $179,300
2019 $5,069 $199,300 $20,000 $179,300
2018 $4,909 $199,300 $20,000 $179,300
2016 $4,487 $199,300 $20,000 $179,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4920627

PrimeMLS

APN: 063-019-10313