48 Forest St Rutland, VT 05701
Estimated Value: $317,301 - $323,000
8
Beds
4
Baths
4,032
Sq Ft
$80/Sq Ft
Est. Value
Highlights
- Forced Air Heating System
- Wood Siding
- 4-minute walk to Monsignor Thomas Connor Memorial Park
- High Speed Internet
About This Home
As of March 2023IINVESTORS TAKE NOTICE! Large modern four unit well maintained with great rental history and walking distance to downtown. One- 3 Bedroom; first floor rent is$1000, One- 1 bedroom; first floor rent is $725, Two- 2 bedroom units (one up; one down) rent is $900 & $800 , Heat included but there are separate furnaces, electric meters and hot water heaters. Off street parking available. over $41,000 in Gross income and potential for more, Great Cap Rate for more information call Mike Kalil or email mike.kalilrealestate@gmail.com
Last Agent to Sell the Property
Watson Realty & Associates License #081.0095645 Listed on: 01/22/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1900
Lot Details
- 3,049 Sq Ft Lot
- Lot Sloped Up
Home Design
- Brick Foundation
- Concrete Foundation
- Block Foundation
- Wood Frame Construction
- Shingle Roof
- Wood Siding
Interior Spaces
- 4 Full Bathrooms
- 2-Story Property
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- Paved Parking
- Off-Street Parking
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Separate Meters
- Liquid Propane Gas Water Heater
- High Speed Internet
Community Details
Overview
- 4 Units
Building Details
- Operating Expense $16,226
- Gross Income $41,100
- Net Operating Income $24,874
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 22, 2023
Closed on
Mar 29, 2023
Sold by
Vicar Anton and Vicar Nancy G
Bought by
Ne Holdings I Llc
Seller's Agent
Mike Kalil
Watson Realty & Associates
Buyer's Agent
Mike Kalil
Watson Realty & Associates
List Price
$250,000
Sold Price
$240,000
Premium/Discount to List
-$10,000
-4%
Total Days on Market
1
Views
30
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
$80,575
Avg. Annual Appreciation
14.08%
Purchase Details
Listed on
Oct 13, 2017
Closed on
Jul 9, 2018
Sold by
Muscatello Cheryl A and Muscatello James J
Bought by
Vicar Anton and Vicar Nancy G
Seller's Agent
Nancy Greenwood
Watson Realty & Associates
Buyer's Agent
Gretchjen Smith
Williamson Group Sothebys Intl. Realty
List Price
$130,000
Sold Price
$120,000
Premium/Discount to List
-$10,000
-7.69%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.82%
Similar Home in Rutland, VT
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ne Holdings I Llc | $240,000 | -- | |
| Ne Holdings I Llc | $240,000 | -- | |
| Vicar Anton | $120,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/29/2023 03/29/23 | Sold | $240,000 | -4.0% | $60 / Sq Ft |
| 01/23/2023 01/23/23 | Pending | -- | -- | -- |
| 01/22/2023 01/22/23 | For Sale | $250,000 | +108.3% | $62 / Sq Ft |
| 07/09/2018 07/09/18 | Sold | $120,000 | -7.7% | $30 / Sq Ft |
| 12/18/2017 12/18/17 | Pending | -- | -- | -- |
| 12/13/2017 12/13/17 | For Sale | $130,000 | 0.0% | $32 / Sq Ft |
| 12/11/2017 12/11/17 | Pending | -- | -- | -- |
| 10/13/2017 10/13/17 | For Sale | $130,000 | -- | $32 / 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 | -- | $198,900 | $56,400 | $142,500 |
| 2023 | -- | $198,900 | $56,400 | $142,500 |
| 2022 | $6,868 | $198,900 | $56,400 | $142,500 |
| 2021 | $6,955 | $198,900 | $56,400 | $142,500 |
| 2020 | $6,892 | $198,900 | $56,400 | $142,500 |
| 2019 | $6,722 | $198,900 | $56,400 | $142,500 |
| 2018 | $6,732 | $198,900 | $56,400 | $142,500 |
| 2017 | $6,268 | $198,900 | $56,400 | $142,500 |
| 2016 | $6,248 | $198,900 | $56,400 | $142,500 |
Source: Public Records
Agents Affiliated with this Home
-
Mike Kalil
Seller's Agent in 2023
Mike Kalil
Watson Realty & Associates
(802) 342-8899
72 in this area
118 Total Sales
-
Nancy Greenwood
Seller's Agent in 2018
Nancy Greenwood
Watson Realty & Associates
(802) 353-2203
82 in this area
134 Total Sales
-
Gretchjen Smith
Buyer's Agent in 2018
Gretchjen Smith
Williamson Group Sothebys Intl. Realty
(802) 356-1873
130 Total Sales
Map
Source: PrimeMLS
MLS Number: 4941396
APN: 540-170-13903
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