NOT LISTED FOR SALE

38 Ritchie Ave Milton, VT 05468

Estimated Value: $344,000 - $420,000

4 Beds
2 Baths
873 Sq Ft
$445/Sq Ft Est. Value

Last Sold March 13, 2018

Last sale price $232,000 $266 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $2,496/month

6 Days on Market

About This Home

As of March 2018

Chittenden County Investment Opportunity - side by side townhouse style duplex with ample parking located on a quiet street. Both units feature 2 bedrooms, private entrances, 1 full bath, and two stories of living. The kitchens are large enough to accomadate a dining room table with a private side deck. Recent upgrades include vinyl plank flooring and newer bathrooms. Private backyard, each unit rents for $1,150 per month with separate heat and electricity. 7.38% cap rate.

Last Agent to Sell the Property

Nick Riina

Rossi & Riina Real Estate License #082.0007194 Listed on: 01/24/2018

Last Buyer's Agent

Jonathon Templeton

KW Vermont License #082.0075189

KW Vermont

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,165

Year Built

  • Built in 1981

Lot Details

  • 0.29 Acre Lot
  • Lot Sloped Up

Parking

  • Gravel Driveway

Home Design

  • Duplex
  • Raised Ranch Architecture
  • Block Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • 2-Story Property

Basement

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

Schools

  • Milton Elementary School
  • Milton Jr High Middle School
  • Milton Senior High School

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Separate Meters
  • Water Heater

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Gas Meters
  • Operating Expense $10,265
  • Gross Income $27,600
  • Net Operating Income $17,334

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,165

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Duplex, Raised Ranch
  • Directions: 189 to Exit 17, take Route 7 north for 5.4 miles, Ritchie Ave on your left, property on your left - see sign.
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 265.75
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 1737
  • Sq Ft - Apx Total Finished: 1737
  • Year Built: 1981
  • Remarks Public: Chittenden County Investment Opportunity - side by side townhouse style duplex with ample parking located on a quiet street. Both units feature 2 bedrooms, private entrances, 1 full bath, and two stories of living. The kitchens are large enough to accomadate a dining room table with a private side deck. Recent upgrades include vinyl plank flooring and newer bathrooms. Private backyard, each unit rents for $1,150 per month with separate heat and electricity. 7.38% cap rate.
  • List Agent: 23517
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Rooms Above Ground: 4
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Full
  • Sq Ft - Apx Finished AG: 873
  • Sq Ft - Apx Finished BG: 864

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Vinyl
  • Foundation: Block
  • Road Frontage: Yes
  • Roads: Paved
  • Roof: Shingle
  • Easements: Yes

Utilities

  • Cable Company: Comcast
  • Electric: Circuit Breaker(s)
  • Fuel Company: Choice
  • Sewer: Public
  • Water: Public
  • Water Heater: Owned
  • Heating Fuel: Gas - LP/Bottle
  • Heating: Wall Furnace
  • Electric Company: GMP
  • Phone Company: Comcast
  • Separate Utilities: Yes
  • Total Electric Meters: 2
  • Total Gas Meters: 2
  • Total Heat Units: 2
  • Total Ranges: 2
  • Total Refrigerators: 2
  • Total Water Heaters: 2

Condo/Co-op/Association

  • Management Company: self

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Milton
  • Elementary School: Milton Elementary School
  • Middle School: Milton Jr High School
  • High School: Milton Senior High School
  • Elementary School: Milton Elementary School
  • High School: Milton Senior High School

Lot Info

  • Lot Sq Ft: 12632
  • Lot Acres: 0.29
  • Lot Description: Subdivision
  • Surveyed: Unknown
  • Zoning: R1
  • Deed Book: 333
  • Deed Page: 384-385
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 27600
  • Net Income: 17334
  • Total Full Baths: 2
  • Total Units: 2
  • Total2 Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 4164.63
  • Tax Year: 2018

MLS Schools

  • School District: Milton
  • School Middle Jr: Milton Jr High School

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 List to Sale Price per Sq Ft
03/13/2018 03/13/18 Sold $232,000 -1.3% $266 / Sq Ft
01/30/2018 01/30/18 Pending -- -- --
01/24/2018 01/24/18 For Sale $235,000 -- $269 / 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 $5,311 $272,500 $78,700 $193,800
2023 $4,913 $272,500 $78,700 $193,800
2022 $4,939 $272,500 $78,700 $193,800
2021 $4,534 $201,190 $71,240 $129,950
2020 $4,437 $201,190 $71,240 $129,950
2019 $4,235 $201,190 $71,240 $129,950
2018 $4,326 $200,280 $71,300 $128,980
2017 $4,165 $201,190 $0 $0
2016 $4,025 $200,280 $71,300 $128,980
Source: Public Records

Agents Affiliated with this Home

  • Nick Riina

    Seller's Agent in 2018

    Nick Riina

    Rossi & Riina Real Estate

    (802) 238-5294

    1 in this area

    79 Total Sales

    Nick Riina
    Section Image
  • Jonathon Templeton

    Buyer's Agent in 2018

    Jonathon Templeton

    KW Vermont

    (802) 238-1323

    2 in this area

    81 Total Sales

    Jonathon Templeton
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4674338

PrimeMLS

APN: (123) 132010.001000

Vermont Chittenden County Milton 05468

38 Ritchie Ave, Milton, VT

This home is located at 38 Ritchie Ave, Milton, VT 05468 since 24 January 2018 and is currently estimated at $388,449, approximately $444 per square foot. This property was built in 1981. 38 Ritchie Ave is a home located in Chittenden County with nearby schools including Milton Elementary School, Milton Middle School, and Milton Senior High School.

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