H
Seller's Agent in 2022
Hughes Group Team
Casella Real Estate
(802) 770-4350
173 in this area
444 Total Sales
40 Grant Ave Rutland, VT 05701
Estimated Value: $263,000 - $281,067
5
Beds
5
Baths
3,195
Sq Ft
$86/Sq Ft
Est. Value
Highlights
- 1 Car Detached Garage
- High Speed Internet
- 5-minute walk to Main Street Park
- Baseboard Heating
- Walk-Up Access
About This Home
As of December 2022Here is a great 5-unit multifamily in Rutland City that has been very well maintained over the years. All units have 1 bedroom with a kitchen, living room, and full bathroom. The property offers plenty of off-street parking, a detached garage, and is vinyl sided for easy maintenance. Conveniently located within walking distance to downtown. The property currently has a CAP rate of 8%, but this is using past rental income. Units 3, 4, and 5 are now vacant and rental amounts were well below market rate. If those three units were at market rate the projected new cap rate would be just over 13%. The two occupied units are also below market rent leaving even more room to increase the income potential. Unit 3 had a very long-term tenant and is in need of a total rehab, but once complete all units would be in great condition!
Last Agent to Sell the Property
Casella Real Estate License #082.0134727 Listed on: 10/17/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1900
Lot Details
- 0.27 Acre Lot
- Lot Sloped Up
Parking
- 1 Car Detached Garage
Home Design
- Stone Foundation
- Wood Frame Construction
- Slate Roof
- Vinyl Siding
Interior Spaces
- 5 Full Bathrooms
- 3,195 Sq Ft Home
- 2-Story Property
- Unfinished Basement
- Walk-Up Access
Utilities
- Baseboard Heating
- Hot Water Heating System
- Heating System Uses Oil
- Water Heater
- High Speed Internet
- Phone Available
Community Details
Overview
- 5 Units
Building Details
- Gross Income $38,760
- Net Operating Income $19,884
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 17, 2022
Closed on
Dec 2, 2022
Sold by
Ramsay Kathleen S and Ramsay William B
Bought by
23 Mansfield Place Llc
Seller's Agent
Hughes Group Team
Casella Real Estate
Buyer's Agent
Andy Paluch
Longview Commercial Real Estate
List Price
$239,900
Sold Price
$212,500
Premium/Discount to List
-$27,400
-11.42%
Views
33
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,017
Avg. Annual Appreciation
9.07%
Purchase Details
Closed on
Jan 10, 2007
Sold by
Messina Carleen M
Bought by
Gadon Jay Scott
Purchase Details
Closed on
Oct 22, 2004
Sold by
Taylor Tracy and Taylor Justine
Bought by
Messina Carleen M and Gadon Jay S
Purchase Details
Closed on
Nov 7, 2000
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Taylor Tracy and Taylor Justine
Purchase Details
Closed on
Jul 24, 2000
Sold by
Howard Bank Na
Bought by
Federal Home Loan Mortgage Corporation
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 23 Mansfield Place Llc | $212,500 | -- | |
| 23 Mansfield Place Llc | $212,500 | -- | |
| 23 Mansfield Place Llc | $212,500 | -- | |
| Gadon Jay Scott | -- | -- | |
| Gadon Jay Scott | -- | -- | |
| Messina Carleen M | $210,000 | -- | |
| Messina Carleen M | $210,000 | -- | |
| Taylor Tracy | $27,500 | -- | |
| Taylor Tracy | $27,500 | -- | |
| Federal Home Loan Mortgage Corporation | -- | -- | |
| Federal Home Loan Mortgage Corporation | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/12/2022 12/12/22 | Sold | $212,500 | -11.4% | $67 / Sq Ft |
| 10/25/2022 10/25/22 | Pending | -- | -- | -- |
| 10/17/2022 10/17/22 | For Sale | $239,900 | -- | $75 / Sq Ft |
Source: PrimeMLS
Tax History Compared to Growth
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 | -- | $164,400 | $49,300 | $115,100 |
| 2023 | -- | $164,400 | $49,300 | $115,100 |
| 2022 | $5,677 | $164,400 | $49,300 | $115,100 |
| 2021 | $5,748 | $164,400 | $49,300 | $115,100 |
| 2020 | $5,396 | $164,400 | $49,300 | $115,100 |
| 2019 | $5,317 | $164,400 | $49,300 | $115,100 |
| 2018 | $5,462 | $164,400 | $49,300 | $115,100 |
| 2017 | $5,124 | $164,400 | $49,300 | $115,100 |
| 2016 | $5,118 | $164,400 | $49,300 | $115,100 |
Source: Public Records
Agents Affiliated with this Home
-
Hughes Group Team
-
Andy Paluch
Buyer's Agent in 2022
Andy Paluch
Longview Commercial Real Estate
(440) 525-6076
17 in this area
37 Total Sales
Map
Source: PrimeMLS
MLS Number: 4934188
APN: 540-170-15449
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