NOT LISTED FOR SALE

40 Smith St West Rutland, VT 05777

Estimated Value: $131,884 - $222,000

6 Beds
3 Baths
1,904 Sq Ft
$90/Sq Ft Est. Value

Last Sold December 03, 2021

Last sale price $125,000 $66 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $1,166/month

94 Days on Market

Highlights

  • 2 Car Detached Garage
  • Baseboard Heating
  • Level Lot
  • Porch
  • High Speed Internet
  • Wood Siding

About This Home

As of December 2021

Spacious Two unit that offers three bedrooms in each apartment with one apartment having two bathrooms. With over a 9 percent cap rate this may be the investment you have been looking for. The location is perfect for walking to school or downtown shopping. The back yard is spacious and has an oversized detached garage for cars or toys. Tenants pay electric and cable with everything else included in their rent.

Last Agent to Sell the Property

Hughes Group Team

Casella Real Estate License #082.0134727 Listed on: 05/21/2021

Last Buyer's Agent

Jacob Barnes

EXP Realty License #082.0134640

EXP Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,603

Year Built

  • Built in 1900

Lot Details

  • 10,454 Sq Ft Lot
  • Level Lot

Parking

  • 2 Car Detached Garage
  • Gravel Driveway

Home Design

  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Slate Roof
  • Wood Siding

Interior Spaces

  • 3 Full Bathrooms
  • 1,904 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Vinyl

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Porch

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Oil
  • 100 Amp Service
  • Electric Water Heater
  • High Speed Internet
  • Phone Available

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $22,500
  • Net Operating Income $14,338

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,603

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Directions: Route 4A to Barnes Street to Smith Street, #40 see sign on left
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 65.65
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 2854
  • Sq Ft - Apx Total Finished: 1904
  • Year Built: 1900
  • List Agent: 281929
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Vinyl
  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Full
  • Sq Ft - Apx Finished AG: 1904
  • Sq Ft - Apx Unfinished BG: 950

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Wood Siding
  • Foundation: Concrete, Marble
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt, Slate
  • Features Exterior: Porch

Garage/Parking

  • Garage Capacity: 2
  • Garage: Yes
  • Garage Type: Detached

Utilities

  • Electric: 100 Amp
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Heating Fuel: Oil
  • Heating: Baseboard, Hot Water
  • Total Electric Meters: 3
  • Utilities: High Speed Intrnt -Avail, Telephone Available

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 10454
  • Lot Acres: 0.24
  • Lot Description: Level
  • Surveyed: Unknown
  • Zoning: unknown
  • Deed Book: 79
  • Deed Page: 511-513
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 22500
  • Net Income: 14338
  • Total Full Baths: 3
  • Total Units: 2
  • Total3 Plus Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 2602.6
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 27, 2024
Sold by
Barry Rick
Bought by
Barry Daniel
Current Estimated Value
$175,389

Purchase Details

Listed on
May 21, 2021
Closed on
Dec 3, 2021
Sold by
Macfarlane Lawrence and Macfarlane Linda
Bought by
Barry Rick
Seller's Agent
Hughes Group Team
Casella Real Estate
Buyer's Agent
Jacob Barnes
EXP Realty
List Price
$155,000
Sold Price
$125,000
Premium/Discount to List
-$30,000
-19.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.26%

Purchase Details

Closed on
Jun 7, 2006
Sold by
Harris Scott
Bought by
Macfarlane Lawrence and Macfarlane Linda
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Barry Daniel $125,000 --
Barry Rick $125,000 --
Barry Rick $125,000 --
Macfarlane Lawrence $131,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/03/2021 12/03/21 Sold $125,000 -10.7% $66 / Sq Ft
08/23/2021 08/23/21 Pending -- -- --
08/02/2021 08/02/21 Price Changed $139,900 -9.7% $73 / Sq Ft
05/21/2021 05/21/21 For Sale $155,000 -- $81 / 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 $2,925 $108,100 $30,600 $77,500
2023 $2,457 $108,100 $30,600 $77,500
2022 $3,132 $108,100 $30,600 $77,500
2021 $2,458 $108,100 $30,600 $77,500
2020 $2,437 $108,100 $30,600 $77,500
2019 $2,238 $108,100 $30,600 $77,500
2018 $3,408 $155,000 $33,000 $122,000
2017 $3,471 $155,000 $33,000 $122,000
2016 $3,345 $155,000 $33,000 $122,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4862268

PrimeMLS

APN: 735-234-10403