H
Seller's Agent in 2024
Hughes Group Team
Casella Real Estate
(802) 770-4350
174 in this area
445 Total Sales
55 Forest St Rutland, VT 05701
Estimated Value: $117,000 - $152,000
2
Beds
2
Baths
1,676
Sq Ft
$85/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Forced Air Heating System
- High Speed Internet
- Porch
- Baseboard Heating
- 3-minute walk to Monsignor Thomas Connor Memorial Park
About This Home
As of August 2024Don't miss this chance to acquire a high-yield property in Rutland City. Whether you're a seasoned investor or looking to start your real estate portfolio, these buildings offer an excellent opportunity for stable and profitable returns. One building consists of two 3-bedroom 1-bathroom units and the other of two 1 bedroom 1-bathroom units. Heat and electricity are separately metered, minimizing owner expenses as tenants are responsible for their own utilities. The two buildings have a shared driveway as well as off-street parking that is exempt from Rutland City's winter parking ban, providing convenience for tenants year-round. This property has the potential for a 13% cap rate, gross income is based on projected market rates, 2 units are currently vacant leaving a buyer the ability to fill the vacancies with tenants of their choice. Call for a breakdown of the financials and to schedule a showing of this great investment opportunity.
Last Agent to Sell the Property
Casella Real Estate License #082.0134727 Listed on: 08/26/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1900
Lot Details
- 3,049 Sq Ft Lot
- Lot Sloped Up
Parking
- Gravel Driveway
Home Design
- Stone Foundation
- Wood Frame Construction
- Slate Roof
- Metal Roof
Interior Spaces
- 2 Full Bathrooms
- 1,676 Sq Ft Home
- 2-Story Property
- Unfinished Basement
- Interior Basement Entry
Flooring
- Wood
- Carpet
- Laminate
- Vinyl
Utilities
- Forced Air Heating System
- Baseboard Heating
- Hot Water Heating System
- Heating System Uses Gas
- Heating System Uses Oil
- Heating System Mounted To A Wall or Window
- High Speed Internet
Additional Features
- Porch
- City Lot
Community Details
- 2 Units
- Operating Expense $10,031
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 26, 2024
Closed on
Aug 27, 2024
Sold by
Forest Way Llc
Bought by
Serghini Gibril and Vt Property 3 Llc
Seller's Agent
Hughes Group Team
Casella Real Estate
Buyer's Agent
Hughes Group Team
Casella Real Estate
List Price
$137,500
Sold Price
$137,500
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
$4,967
Avg. Annual Appreciation
2.81%
Purchase Details
Closed on
Jul 18, 2023
Sold by
Keefe Janet C and Keefe Michael K
Bought by
Forest Way Llc
Purchase Details
Listed on
Mar 27, 2012
Closed on
Sep 4, 2012
Sold by
Carroll Christine M and Palfrey William G
Bought by
Keefe Michael and Keefe Janet
Seller's Agent
Glenda Silber
Blue Ridge Real Estate
Buyer's Agent
Suzanne Deuel
Aleda Dutton, Broker
List Price
$65,000
Sold Price
$50,000
Premium/Discount to List
-$15,000
-23.08%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.21%
Purchase Details
Closed on
Jul 25, 2002
Sold by
Lafrancis Aaron J and Lafrancis Tanya M
Bought by
Us Bank National Association
Purchase Details
Closed on
Apr 9, 1999
Sold by
Cotrupi Dominic F and Cotrupi Linda M
Bought by
Lafrancis Aaron
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Serghini Gibril | $137,500 | -- | |
| Forest Way Llc | -- | -- | |
| Forest Way Llc | -- | -- | |
| Forest Way Llc | -- | -- | |
| Keefe Michael | $50,000 | -- | |
| Keefe Michael | $50,000 | -- | |
| Us Bank National Association | -- | -- | |
| Us Bank National Association | -- | -- | |
| Lafrancis Aaron | $82,000 | -- | |
| Lafrancis Aaron | $82,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/27/2024 08/27/24 | Sold | $137,500 | 0.0% | $82 / Sq Ft | |
| 08/26/2024 08/26/24 | Pending | -- | -- | -- | |
| 08/26/2024 08/26/24 | For Sale | $137,500 | +175.0% | $82 / Sq Ft | |
| 09/04/2012 09/04/12 | Sold | $50,000 | -23.1% | $30 / Sq Ft | View Prior Sale |
| 09/04/2012 09/04/12 | Pending | -- | -- | -- | |
| 03/27/2012 03/27/12 | For Sale | $65,000 | -- | $39 / 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 | -- | $72,900 | $28,200 | $44,700 |
| 2023 | -- | $72,900 | $28,200 | $44,700 |
| 2022 | $2,517 | $72,900 | $28,200 | $44,700 |
| 2021 | $2,549 | $72,900 | $28,200 | $44,700 |
| 2020 | $2,526 | $72,900 | $28,200 | $44,700 |
| 2019 | $2,464 | $72,900 | $28,200 | $44,700 |
| 2018 | $2,467 | $72,900 | $28,200 | $44,700 |
| 2017 | $2,297 | $72,900 | $28,200 | $44,700 |
| 2016 | $2,290 | $72,900 | $28,200 | $44,700 |
Source: Public Records
Agents Affiliated with this Home
-
Hughes Group Team
-
G
Seller's Agent in 2012
Glenda Silber
Blue Ridge Real Estate
-
S
Buyer's Agent in 2012
Suzanne Deuel
Aleda Dutton, Broker
Map
Source: PrimeMLS
MLS Number: 5011287
APN: 540-170-17888
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