NOT LISTED FOR SALE

38 Pine St Rutland, VT 05701

Estimated Value: $228,000 - $301,000

6 Beds
4 Baths
2,984 Sq Ft
$88/Sq Ft Est. Value

Last Sold October 17, 2022

Last sale price $220,000 $74 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $1,720/month

126 Days on Market

Highlights

  • Colonial Architecture
  • Covered patio or porch
  • Ceramic Tile Flooring
  • Deck
  • Double Pane Windows
  • Zoned Heating

About This Home

As of October 2022

RUTLAND CITY: Turnkey 4-unit is move-in condition. First level efficiency apartment was recently renovated. Improvements include vinyl siding, newer furnace and oil tank, newer windows and roof approx. 8 years. Most of the appliances are newer and 3 units have dishwashers, washer and dryers. Walking distance to shopping, bus stop and Amtrak. Also, close to skiing. Unit 1 is vacant, to be rented at $1,200/month with an annual lease, Unit 2 is an annual lease, Unit 3 is an annual lease and Unit 4 is a 25-year lease. All tenants pay electric bill except Unit 4 electric is included with lease. An energy audit was recently done.

Last Agent to Sell the Property

Melissa Loughan

Westside Real Estate License #081.0003204 Listed on: 04/07/2022

Last Buyer's Agent

Melissa Loughan

Westside Real Estate License #081.0003204 Listed on: 04/07/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,182

Year Built

  • Built in 1915

Lot Details

  • 8,276 Sq Ft Lot
  • Level Lot

Home Design

  • Colonial Architecture
  • Brick Foundation
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 4 Full Bathrooms
  • 2-Story Property
  • Double Pane Windows

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Unfinished Basement

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

Parking

  • 4 Car Parking Spaces
  • Gravel Driveway
  • On-Site Parking

Outdoor Features

  • Deck
  • Covered patio or porch

Schools

  • Rutland Middle School
  • Rutland Senior High School

Utilities

  • Zoned Heating
  • Baseboard Heating
  • Heating System Uses Oil
  • Separate Meters
  • Water Heater
  • Cable TV Available

Community Details

  • 4 Units
  • Gross Income $42,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,182

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Colonial
  • Directions: State Street, left on Pine street, house on right. See Sign
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 73.73
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 4469
  • Sq Ft - Apx Total Finished: 2984
  • Year Built: 1915
  • Remarks Public: RUTLAND CITY: Turnkey 4-unit is move-in condition. First level efficiency apartment was recently renovated. Improvements include vinyl siding, newer furnace and oil tank, newer windows and roof approx. 8 years. Most of the appliances are newer and 3 units have dishwashers, washer and dryers. Walking distance to shopping, bus stop and Amtrak. Also, close to skiing. Unit 1 is vacant, to be rented at $1,200/month with an annual lease, Unit 2 is an annual lease, Unit 3 is an annual lease and Unit 4 is a 25-year lease. All tenants pay electric bill except Unit 4 electric is included with lease. An energy audit was recently done.
  • List Agent: 23262
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Ceramic Tile, Laminate, Vinyl
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Concrete Floor, Full, Stairs - Interior, Unfinished
  • Sq Ft - Apx Finished AG: 2984
  • Sq Ft - Apx Unfinished BG: 1485

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Vinyl
  • Foundation: Brick, Concrete, Marble
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt
  • Easements: Unknown
  • Features Exterior: Deck, Porch - Covered, Windows - Double Pane

Garage/Parking

  • Parking: Driveway, On-Site, Parking Spaces 4

Utilities

  • Cable Company: Comcast
  • Electric: Circuit Breaker(s)
  • Fuel Company: Marcel Oil
  • Sewer: Public
  • Water: Public
  • Water Heater: Domestic, Tank
  • Heating Fuel: Oil
  • Heating: Baseboard, Multi Zone
  • Electric Company: Green Mountain Power
  • Separate Utilities: Yes
  • Total Electric Meters: 5
  • Total Heat Units: 1
  • Total Ranges: 4
  • Total Refrigerators: 4
  • Trash: Dumpster, Owner
  • Utilities: Cable - Available

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Rutland City School District
  • Middle School: Rutland Middle School
  • High School: Rutland Senior High School
  • High School: Rutland Senior High School

Lot Info

  • Lot Sq Ft: 8276
  • Land Gains: To Be Determined
  • Lot Acres: 0.19
  • Lot Description: City Lot, Level, Sidewalks, Street Lights
  • Surveyed: Unknown
  • Zoning: Residential
  • Deed Book: 707
  • Deed Page: 648-649
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 42000
  • Total Full Baths: 4
  • Total Units: 4
  • Total1 Bedroom Units: 2
  • Total2 Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 4181.92
  • Tax Year: 2021

MLS Schools

  • School District: Rutland City School District
  • School Middle Jr: Rutland Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2022
Closed on
Oct 17, 2022
Sold by
Rutland Properties Llc
Bought by
Raup Zachary A and Russo William B
Seller's Agent
Melissa Loughan
Westside Real Estate
Buyer's Agent
Melissa Loughan
Westside Real Estate
List Price
$249,900
Sold Price
$220,000
Premium/Discount to List
-$29,900
-11.96%
Total Days on Market
126
Views
2
Current Estimated Value
$263,777

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,777
Avg. Annual Appreciation
6.67%

Purchase Details

Listed on
Mar 26, 2021
Closed on
Apr 23, 2021
Sold by
Mortensen Brian R and Mortensen Linda Q
Seller's Agent
Thomas Bradder
Century 21 Premiere Properties-Rutland
Buyer's Agent
Melissa Loughan
Westside Real Estate
List Price
$165,000
Sold Price
$155,000
Premium/Discount to List
-$10,000
-6.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.70%
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
Raup Zachary A $220,000 --
Raup Zachary A $220,000 --
-- $155,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2022 10/17/22 Sold $220,000 -6.3% $74 / Sq Ft
08/11/2022 08/11/22 Pending -- -- --
07/24/2022 07/24/22 Price Changed $234,900 -2.1% $79 / Sq Ft
06/01/2022 06/01/22 Price Changed $239,900 -4.0% $80 / Sq Ft
04/07/2022 04/07/22 For Sale $249,900 +61.2% $84 / Sq Ft
04/23/2021 04/23/21 Sold $155,000 -6.1% $53 / Sq Ft
04/01/2021 04/01/21 Pending -- -- --
03/26/2021 03/26/21 For Sale $165,000 -- $56 / 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 -- $119,600 $40,800 $78,800
2023 -- $119,600 $40,800 $78,800
2022 $4,130 $119,600 $40,800 $78,800
2021 $4,182 $119,600 $40,800 $78,800
2020 $4,145 $119,600 $40,800 $78,800
2019 $4,042 $119,600 $40,800 $78,800
2018 $4,051 $119,700 $40,800 $78,900
2017 $3,772 $129,600 $40,800 $88,800
2016 $3,760 $119,700 $40,800 $78,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4904541

PrimeMLS

APN: 540-170-13836