NOT LISTED FOR SALE

484 Town Line Rd Rutland, VT 05701

Estimated Value: $416,000 - $472,000

6 Beds
3 Baths
3,520 Sq Ft
$124/Sq Ft Est. Value

Last Sold January 21, 2022

Last sale price $310,000 $88 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $2,652/month

32 Days on Market

Highlights

  • 1.02 Acre Lot
  • 2 Car Garage
  • Satellite Dish
  • Baseboard Heating

About This Home

As of January 2022

Fire Marshall inspection in spring of 2021. All units brought up to code with proper required smoke detectors, proper sized escape windows in bedrooms, GFI receptacles were required and sprinklers in garage. Upgrades galore to this 3 unit home including New water pump in 2021. New windows east and west side 2021. New windows on north and south side 2017. New 30 year roof in 2005. New dryer in 2018. This would make a great investment property with an Owner Occupancy in unit 1 which includes the 2 car garage and laundry. This unit also includes a den area along with the 2 bedrooms. Great way to live and earn. If not, market rent for this unit would justify your investment of this property with the great condition that it's in. Long term tenants would like to stay. Income and Expenses are for only 2 units being rented as this was an owner occupied home. Nice Rutland Town location giving you other options being so close to area amenities and Killington Ski Resort. Crunch your numbers and take a look.

Last Agent to Sell the Property

Rick Ouellette

Rutland Realty License #081.0004376 Listed on: 11/13/2021

Last Buyer's Agent

Rick Ouellette

Rutland Realty License #081.0004376 Listed on: 11/13/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,178

Year Built

  • Built in 1976

Lot Details

  • 1.02 Acre Lot
  • Lot Sloped Up

Parking

  • 2 Car Garage
  • Gravel Driveway

Home Design

  • Poured Concrete
  • Wood Frame Construction
  • Shingle Roof
  • T111 Siding

Interior Spaces

  • 3 Full Bathrooms
  • 3,520 Sq Ft Home
  • 2-Story Property
  • Finished Basement

Schools

  • Rutland Town Elementary And Middle School
  • Choice High School

Utilities

  • Baseboard Heating
  • Heating System Uses Oil
  • Drilled Well
  • Water Heater
  • Septic Tank
  • Satellite Dish

Community Details

Overview

  • 3 Units

Building Details

  • Gross Income $19,860
  • Net Operating Income $15,306

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,178

Year Built

Built in 1976

Lot Details

0

Parking

2

Listing Details

  • Status Detail: Closed
  • Style: Ranch
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 88.07
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3520
  • Sq Ft - Apx Total Finished: 3520
  • Year Built: 1976
  • Remarks Public: Fire Marshall inspection in spring of 2021. All units brought up to code with proper required smoke detectors, proper sized escape windows in bedrooms, GFI receptacles were required and sprinklers in garage. Upgrades galore to this 3 unit home including New water pump in 2021. New windows east and west side 2021. New windows on north and south side 2017. New 30 year roof in 2005. New dryer in 2018. This would make a great investment property with an Owner Occupancy in unit 1 which includes the 2 car garage and laundry. This unit also includes a den area along with the 2 bedrooms. Great way to live and earn. If not, market rent for this unit would justify your investment of this property with the great condition that it's in. Long term tenants would like to stay. Income and Expenses are for only 2 units being rented as this was an owner occupied home. Nice Rutland Town location giving you other options being so close to area amenities and Killington Ski Resort. Crunch your numbers and take a look.
  • List Agent: 13013
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement Description: Finished
  • Sq Ft - Apx Finished AG: 3520

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: T1-11
  • Foundation: Poured Concrete
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle - Asphalt

Garage/Parking

  • Garage Capacity: 2
  • Garage: Yes
  • Garage Type: Under

Utilities

  • Sewer: Septic
  • Water: Drilled Well
  • Water Heater: Domestic
  • Heating Fuel: Oil
  • Heating: Baseboard
  • Separate Utilities: Varies
  • Trash: Owner
  • Utilities: Satellite

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Rutland Town School District
  • Elementary School: Rutland Town School
  • Middle School: Rutland Town School
  • High School: Choice
  • Elementary School: Rutland Town School
  • High School: Choice

Lot Info

  • Lot Sq Ft: 44431
  • Lot Acres: 1.02
  • Surveyed: Unknown
  • Zoning: R
  • Deed Book: 091
  • Deed Page: 293

Multi Family

  • Gross Income: 19860
  • Net Income: 15306
  • Total Full Baths: 3
  • Total Units: 3
  • Total2 Bedroom Units: 3

Tax Info

  • Tax Gross Amount: 4178
  • Tax Year: 2021

MLS Schools

  • School District: Rutland Town School District
  • School Middle Jr: Rutland Town School

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/21/2022 01/21/22 Sold $310,000 -5.8% $88 / Sq Ft
12/15/2021 12/15/21 Pending -- -- --
11/13/2021 11/13/21 For Sale $329,000 -- $93 / 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 $3,964 $227,800 $58,900 $168,900
2023 $3,964 $227,800 $58,900 $168,900
2022 $3,966 $227,800 $58,900 $168,900
2021 $4,125 $227,800 $58,900 $168,900
2020 $4,178 $227,800 $58,900 $168,900
2019 $3,998 $227,800 $58,900 $168,900
2018 $3,927 $227,800 $58,900 $168,900
2017 $3,796 $227,800 $58,900 $168,900
2016 $3,776 $227,800 $58,900 $168,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4890606

PrimeMLS

APN: 543-171-10228