NOT LISTED FOR SALE

51 Chestnut Ave Rutland, VT 05701

Estimated Value: $221,000 - $262,790

4 Beds
3 Baths
2,772 Sq Ft
$85/Sq Ft Est. Value

Last Sold September 01, 2022

Last sale price $165,000 $60 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $1,522/month

9 Days on Market

Highlights

  • Forced Air Heating System
  • High Speed Internet
  • Wood Siding

About This Home

As of September 2022

3 units in a nice location . great rental history , nice return over $34,000n in gross income 10% Cap rate , great investment opportunity for more information call Mike Kalil 802-342-8899 or email mike.kalilrealestate@gmail.com

Last Agent to Sell the Property

Mike Kalil

Watson Realty & Associates License #081.0095645 Listed on: 06/27/2022

Last Buyer's Agent

Max Walker

Watson Realty & Associates

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1834

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Sloped Up

Parking

  • Gravel Driveway

Home Design

  • Brick Foundation
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 3 Full Bathrooms
  • 2-Story Property

Unfinished Basement

  • Connecting Stairway
  • Interior Basement Entry

Utilities

  • Forced Air Heating System
  • Heating System Uses Oil
  • Electric Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $18,262
  • Gross Income $34,800
  • Net Operating Income $16,538

Property Details

Home Type

Multi-Family

Year Built

Built in 1834

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 59.52
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 4712
  • Sq Ft - Apx Total Finished: 2772
  • Year Built: 1834
  • Remarks Public: 3 units in a nice location . great rental history , nice return over $34,000n in gross income 10% Cap rate , great investment opportunity
  • List Agent: 21713
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Stairs - Interior, Unfinished
  • Sq Ft - Apx Finished AG: 2772
  • Sq Ft - Apx Unfinished AG: 506
  • Sq Ft - Apx Unfinished BG: 1434

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Wood Siding
  • Foundation: Brick, Concrete
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle - Asphalt

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Heating Fuel: Oil
  • Heating: Forced Air
  • Total Ranges: 3
  • Utilities: Cable - Available, Internet - Cable, Telephone Available

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 9583
  • Lot Acres: 0.22
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: Residential
  • Deed Book: 466
  • Deed Page: 321
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 34800
  • Net Income: 16538
  • Total Full Baths: 3
  • Total Units: 3
  • Total1 Bedroom Units: 2
  • Total2 Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 4800.84
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2022
Closed on
Sep 1, 2022
Sold by
51 Chestnut Ave Llc
Bought by
Lonergan Michael C
Seller's Agent
Mike Kalil
Watson Realty & Associates
Buyer's Agent
Max Walker
Watson Realty & Associates
List Price
$170,000
Sold Price
$165,000
Premium/Discount to List
-$5,000
-2.94%
Current Estimated Value
$235,948

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,948
Avg. Annual Appreciation
14.94%

Purchase Details

Listed on
Mar 2, 2020
Closed on
Jul 20, 2021
Sold by
Dudley Mary Ellen and Dudley Stephen
Seller's Agent
Hughes Group Team
Casella Real Estate
Buyer's Agent
Mike Kalil
Watson Realty & Associates
List Price
$119,900
Sold Price
$129,900
Premium/Discount to List
$10,000
8.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.81%
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
Lonergan Michael C $165,000 --
Lonergan Michael C $165,000 --
-- $129,900 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2022 09/01/22 Sold $165,000 -2.9% $60 / Sq Ft
07/06/2022 07/06/22 Pending -- -- --
06/27/2022 06/27/22 For Sale $170,000 +30.9% $61 / Sq Ft
07/21/2021 07/21/21 Sold $129,900 +8.3% $47 / Sq Ft
12/02/2020 12/02/20 Pending -- -- --
03/02/2020 03/02/20 For Sale $119,900 -- $43 / 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 -- $137,300 $40,900 $96,400
2023 -- $137,300 $40,900 $96,400
2022 $4,741 $137,300 $40,900 $96,400
2021 $4,801 $137,300 $40,900 $96,400
2020 $4,758 $137,300 $40,900 $96,400
2019 $4,640 $137,300 $40,900 $96,400
2018 $4,647 $137,300 $40,900 $96,400
2017 $4,326 $137,300 $40,900 $96,400
2016 $4,238 $137,300 $40,900 $96,400
Source: Public Records

Agents Affiliated with this Home

  • Mike Kalil

    Seller's Agent in 2022

    Mike Kalil

    Watson Realty & Associates

    (802) 342-8899

    76 in this area

    118 Total Sales

    Mike Kalil
    Section Image
  • Max Walker

    Buyer's Agent in 2022

    Max Walker

    Watson Realty & Associates

    (802) 558-0333

    51 in this area

    80 Total Sales

    Max Walker
    Section Image

  • H

    Seller's Agent in 2021

    Hughes Group Team

    Casella Real Estate

    (802) 772-7487

    181 in this area

    461 Total Sales

    Hughes Group Team
    Section Image
See All Agents

Map

Source: PrimeMLS

MLS Number: 4917770

PrimeMLS

APN: 540-170-13537

Vermont Rutland County Rutland 05701

51 Chestnut Ave, Rutland, VT

This home is located at 51 Chestnut Ave, Rutland, VT 05701 since 27 June 2022 and is currently estimated at $235,948, approximately $85 per square foot. This property was built in 1834. 51 Chestnut Ave is a home located in Rutland County with nearby schools including Rutland Intermediate School, Rutland Middle School, and Rutland Senior High School.

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