NOT LISTED FOR SALE

41 Summer St Rutland, VT 05701

Estimated Value: $205,000 - $324,000

6 Beds
4 Baths
3,202 Sq Ft
$87/Sq Ft Est. Value

Last Sold October 28, 2022

Last sale price $147,500 $46 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $1,769/month

101 Days on Market

About This Home

As of October 2022

A Great Investment Property, for absentee or owner occupied. This 4 unit apartment building, having been in the family for over 50 years, shows the pride of ownership in the renovations and care it has received. Upon visiting you'll see that the main floor 2 bedroom apartment still has its historic charm with the hard wood floors, built in cabinets and original trim ( See Pictures). As a bonus, this same main floor two bedroom apartment has its own washroom with washer and dryer as part of the sale. The apartments all have some combination of carpeting, wood, vinyl, and/or laminate flooring. The tenants are long term, on a month to month basis with no leases and pay all their own utilities. The main roof is slate and the back addition is shingles. There's newer vinyl in most all the windows. Hard wired smokes throughout. The basement has plenty of dry storage space. Heat sources are a combination of oil FHA, LP Gas and electric base board. Additionally, on this oversize city lot there's a full size two car garage, (one side with auto opener), an abundance of off street parking and a side yard. Located on a quieter street only a couple of blocks from downtown and only a few minutes walk from local parks, shopping, and recreation, as well as only 15 to 20 minutes to Pico and Killington ski areas and other great attractions like Lake Bomoseen and Lake St Catherine. Make an appointment to see this wonderful property.

Last Agent to Sell the Property

Mark Triller

Real Broker LLC License #082.0134786 Listed on: 07/01/2022

Last Buyer's Agent

Denise Ozanne

802 For you Realty, LLC License #082.0134273

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1884

Lot Details

  • 0.29 Acre Lot
  • Lot Sloped Up

Parking

  • 2 Car Detached Garage
  • Automatic Garage Door Opener
  • Gravel Driveway

Home Design

  • Block Foundation
  • Stone Foundation
  • Poured Concrete
  • Wood Frame Construction
  • Shingle Roof
  • Slate Roof
  • Clap Board Siding

Interior Spaces

  • 4 Full Bathrooms
  • 2-Story Property
  • Unfinished Basement
  • Interior Basement Entry

Schools

  • Rutland Northeast Primary Sch Elementary School
  • Rutland Intermediate School
  • Rutland Senior High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Separate Meters
  • Propane
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $9,305
  • Gross Income $33,900
  • Net Operating Income $24,595

Property Details

Home Type

Multi-Family

Year Built

Built in 1884

Lot Details

0

Parking

2

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Flood Zone: Unknown
  • Assessment Amount: 161600
  • Assessment Year: 2021
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 46.06
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 5083
  • Sq Ft - Apx Total Finished: 3202
  • Year Built: 1884
  • Remarks Public: A Great Investment Property, for absentee or owner occupied. This 4 unit apartment building, having been in the family for over 50 years, shows the pride of ownership in the renovations and care it has received. Upon visiting you'll see that the main floor 2 bedroom apartment still has its historic charm with the hard wood floors, built in cabinets and original trim ( See Pictures). As a bonus, this same main floor two bedroom apartment has its own washroom with washer and dryer as part of the sale. The apartments all have some combination of carpeting, wood, vinyl, and/or laminate flooring. The tenants are long term, on a month to month basis with no leases and pay all their own utilities. The main roof is slate and the back addition is shingles. There's newer vinyl in most all the windows. Hard wired smokes throughout. The basement has plenty of dry storage space. Heat sources are a combination of oil FHA, LP Gas and electric base board. Additionally, on this oversize city lot there's a full size two car garage, (one side with auto opener), an abundance of off street parking and a side yard. Located on a quieter street only a couple of blocks from downtown and only a few minutes walk from local parks, shopping, and recreation, as well as only 15 to 20 minutes to Pico and Killington ski areas and other great attractions like Lake Bomoseen and Lake St Catherine. Make an appointment to see this wonderful property.
  • List Agent: 287881
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Bulkhead, Concrete Floor, Unfinished, Interior Access
  • Sq Ft - Apx Finished AG: 3202
  • Sq Ft - Apx Unfinished BG: 1881

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Clapboard
  • Foundation: Block, Marble, Poured Concrete, Stone
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle, Slate

Garage/Parking

  • Garage Capacity: 2
  • Garage: Yes
  • Garage Description: Auto Open
  • Garage Type: Detached

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric, Owned
  • Heating Fuel: Electric, Gas - LP/Bottle, Oil
  • Heating: Electric, Forced Air, Gas Heater
  • Separate Utilities: Yes
  • Total Electric Meters: 4
  • Total Heat Units: 4
  • Total Ranges: 4
  • Total Refrigerators: 4
  • Total Water Heaters: 4
  • Utilities: Cable - Available, Gas - Lp/Bottle, Telephone Available

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Rutland City School District
  • Elementary School: Rutland Northeast Primary Sch
  • Middle School: Rutland Intermediate School
  • High School: Rutland Senior High School
  • Elementary School: Rutland Northeast Primary Sch
  • High School: Rutland Senior High School

Lot Info

  • Lot Sq Ft: 12632
  • Lot Acres: 0.29
  • Lot Description: City Lot
  • Zoning: 10
  • Deed Book: 440
  • Deed Page: 530
  • Deed Recorded Type: Quit Claim

Multi Family

  • Gross Income: 33900
  • Net Income: 24595
  • Total Full Baths: 4
  • Total Units: 4
  • Total1 Bedroom Units: 2
  • Total2 Bedroom Units: 2

Tax Info

  • Taxes TBD: Unknown
  • Tax Gross Amount: 5650
  • Tax Year: 2021

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2022
Closed on
Oct 28, 2022
Sold by
Miglorie Darlene M and Miglorie Victor P
Bought by
Sja Properties Llc
Seller's Agent
Mark Triller
Real Broker LLC
Buyer's Agent
Denise Ozanne
802 For you Realty, LLC
List Price
$169,900
Sold Price
$147,500
Premium/Discount to List
-$22,400
-13.18%
Views
39
Current Estimated Value
$271,279

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,779
Avg. Annual Appreciation
23.67%

Purchase Details

Closed on
Jul 15, 1991
Sold by
Miglorie Victor P
Bought by
Properties Plus Inc

Purchase Details

Closed on
Mar 4, 1988
Sold by
Miglorie Anthony P and Miglorie Eunice Marie
Bought by
Miglorie Victory Paul
Source: Public Records

Range of Values:

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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
Sja Properties Llc $147,500 --
Sja Properties Llc $147,500 --
Properties Plus Inc -- --
Miglorie Victory Paul $24,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2022 10/28/22 Sold $147,500 -13.2% $46 / Sq Ft
10/10/2022 10/10/22 Pending -- -- --
09/18/2022 09/18/22 For Sale $169,900 0.0% $53 / Sq Ft
08/20/2022 08/20/22 Pending -- -- --
07/27/2022 07/27/22 For Sale $169,900 0.0% $53 / Sq Ft
07/11/2022 07/11/22 Pending -- -- --
07/01/2022 07/01/22 For Sale $169,900 -- $53 / 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 -- $161,600 $41,200 $120,400
2023 -- $161,600 $41,200 $120,400
2022 $5,580 $161,600 $41,200 $120,400
2021 $5,651 $161,600 $41,200 $120,400
2020 $5,600 $161,600 $41,200 $120,400
2019 $5,461 $161,600 $41,200 $120,400
2018 $5,470 $161,600 $41,200 $120,400
2017 $5,092 $161,600 $41,200 $120,400
2016 $5,076 $161,600 $41,200 $120,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4918655

PrimeMLS

APN: 540-170-17668