NOT LISTED FOR SALE

38 Ritchie Ave Milton, VT 05468

Estimated Value: $360,000 - $430,000

4 Beds
2 Baths
873 Sq Ft
$450/Sq Ft Est. Value

Sale Details

Date Sold: March 13, 2018

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

Est. 64% increase in value since last sale

Current estimated payment $2,495 / mo

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

802 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

  • 12,632 Sq Ft 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

0.29 Acres

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
  • 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

  • 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

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
Jan 24, 2018
Closed on
Mar 13, 2018
Sold by
Bought by
Seller's Agent
Nick Riina
802 Real Estate
Buyer's Agent
Jonathon Templeton
KW Vermont
List Price
$235,000
Sold Price
$232,000
Premium/Discount to List
-$3,000
-1.28%
Current Estimated Value
$379,912

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,912
Avg. Annual Appreciation
6.54%

Purchase Details

Closed on
Jul 7, 2006
Sold by
Bought by

Purchase Details

Closed on
Jul 21, 2004
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
-- --
$199,000 --
$179,900 --
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
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

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 $5,311 $272,500 $78,700 $193,800
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
2015 -- $2,012 $0 $0
2014 -- $2,012 $0 $0
2013 -- $2,012 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Nick Riina

    Seller's Agent in 2018

    Nick Riina

    802 Real Estate

    (802) 238-5294

    71 Total Sales

    Nick Riina
    Section Image
  • Jonathon Templeton

    Buyer's Agent in 2018

    Jonathon Templeton

    KW Vermont

    (802) 348-2311

    41 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

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