NOT LISTED FOR SALE

52 Water St Rutland, VT 05701

Estimated Value: $172,000

4 Beds
2 Baths
2,682 Sq Ft
$64/Sq Ft Est. Value

Last Sold April 12, 2013

Last sale price $15,000 $6 Per Sq Ft

Est. 1,047% increase in value since last sale

Current estimated payment $1,074/month

16 Days on Market

Highlights

  • Porch
  • Carpet
  • 3-minute walk to Baxter Street Park

About This Home

As of April 2013

PROPERTY BEING SOLD 'AS IS' BY LIMITED OR SPECIAL WARRANTY DEED. PROPERTY SUSTAINED BASEMENT FLOODING IN HURRICANE IRENE. PROPERTY IS LOCATED IN 'FLOOD ZONE A' AND IS THEREFOR DESIGNATED AS A 'SPECIAL FLOOD HAZARD AREA' BY RUTLAND CITY AND IS SUBJECT TO THOSE REGULATIONS. A CONDITIONAL USE PERMIT WILL BE REQUIRED FROM THE CITY FOR RENOVATION. A 'FIRST LOOK' TIMEFRAME IS IN PLACE UNTIL MARCH 20, 2013. CASH WRITTEN OFFERS WITH PROOF OF CASH WILL BE CONSIDERED AFTER 03/20/2013. VHFA AND MGIC RETAIN THE RIGHT TO MAKE THE FINAL DECISION AS TO BUYER AND PRICE. BANK OWNED.

Last Agent to Sell the Property

James Watson

Watson Realty & Associates License #081.0000346 Listed on: 03/04/2013

Last Buyer's Agent

James Watson

Watson Realty & Associates License #081.0000346 Listed on: 03/04/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1884

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Sloped Up

Home Design

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

Interior Spaces

  • 2 Full Bathrooms
  • 2,682 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Connecting Stairway

Parking

  • Dirt Driveway
  • On-Site Parking

Outdoor Features

  • Porch

Schools

  • Northwest Primary Elementary School
  • Rutland Middle School

Community Details

  • 2 Units

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Tax Lot 17815

Property Details

Home Type

Multi-Family

Year Built

Built in 1884

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Directions: State Street to Water Streeet. East side mid street.
  • Flood Zone: Yes
  • Assessment Amount: 118300
  • Assessment Year: 2012
  • Construction: Existing
  • Foreclosedbank Ownedreo: Yes
  • Total Stories: 2
  • Price Per Sq Ft: 5.59
  • Property Class: Multi-Family
  • Sq Ft - Apx Total Finished: 2682
  • Year Built: 1884
  • List Agent: 21787
  • Special Features: 20
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Vinyl
  • Total Rooms Above Ground: 12
  • Basement: Yes
  • Basement Description: Full, Stairs - Exterior, Unfinished
  • Sq Ft - Apx Finished AG: 2682

Exterior Features

  • Construction: Wood Frame
  • Driveway: Dirt
  • Exterior: Clapboard
  • Foundation: Concrete, Stone
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Slate
  • Features Exterior: Porch

Garage/Parking

  • Parking: On-Site

Utilities

  • Sewer: Public
  • Water: Public

Fee Information

  • Tax Class: Non-Homestead

Schools

  • Elementary School: Northwest Primary School

Lot Info

  • Map: 17815
  • Lot: 17815
  • Lot Sq Ft: 6098
  • Lot Acres: 0.14
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: MR1
  • Deed Book: 523
  • Deed Page: 360
  • Deed Recorded Type: Warranty

Multi Family

  • Total Full Baths: 2
  • Total Units: 2
  • Total2 Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 1736.81
  • Tax Year: 2012

MLS Schools

  • School Middle Jr: Rutland Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2013
Closed on
Apr 9, 2013
Sold by
Vermont Housing Finance Agency
Bought by
Steele Michael and Notte Sabra
Seller's Agent
James Watson
Watson Realty & Associates
Buyer's Agent
James Watson
Watson Realty & Associates
List Price
$20,000
Sold Price
$15,000
Premium/Discount to List
-$5,000
-25%
Current Estimated Value
$172,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$157,000

Purchase Details

Closed on
Feb 7, 2013
Sold by
Sullivan William J
Bought by
Vermont Housing Finance Agency

Purchase Details

Closed on
May 1, 2006
Sold by
Schiller Lawrence
Bought by
Sullivan William J

Purchase Details

Closed on
Aug 3, 2000
Sold by
Wmfc 1997-4 Properties Inc
Bought by
Schiller Lawrence

Purchase Details

Closed on
Nov 30, 1998
Sold by
White John L and Woodin Candy L
Bought by
Wmfc 1997-4 Properties Inc

Purchase Details

Closed on
Oct 1, 1991
Sold by
Stephen Nabil J and Lebel Susan H
Bought by
White John L and Woodin Candy L

Purchase Details

Closed on
Oct 19, 1987
Sold by
Guyette Garth C and Guyette Patricia A
Bought by
Stephen Nabil J and Lebel Susan H
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
Vermont Housing Finance Agency -- --
Sullivan William J $86,000 --
Schiller Lawrence $25,000 --
White John L $66,509 --
Steele Michael $15,000 --
Wmfc 1997-4 Properties Inc -- --
Stephen Nabil J $63,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2013 04/12/13 Sold $15,000 -25.0% $6 / Sq Ft
03/20/2013 03/20/13 Pending -- -- --
03/04/2013 03/04/13 For Sale $20,000 -- $7 / 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
2023 -- $55,100 $34,500 $20,600
2022 $1,903 $55,100 $34,500 $20,600
2021 $1,927 $55,100 $34,500 $20,600
2020 $1,909 $55,100 $34,500 $20,600
2019 $1,862 $55,100 $34,500 $20,600
2018 $1,865 $55,100 $34,500 $20,600
2017 $1,736 $55,100 $34,500 $20,600
2016 $1,731 $55,100 $34,500 $20,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4220036

PrimeMLS

APN: 540-170-17815