$220,000
SOLD NOV 8, 2024

589 South St Castleton, VT 05735

6 Beds
2 Baths
2,000 Sq Ft
0.9 Acres

Recently Sold

$110 Per Sq Ft

12% Below List Price

96 Days on Market

Highlights

  • Colonial Architecture
  • Zoned Heating
  • Level Lot
  • Deck
  • Baseboard Heating
  • Walk-Up Access

About This Home

As of November 2024

Great Investment opportunity. This is a 2 Unit Multifamily recently renovated each unit features 3 bdrms, 1 bath, dishwasher, lots of natural lighting throughout. Both units currently rented to May 2025. The yard is fenced in on three sides. Large backyard. Decks. You could live in one unit and rent out the other. Walking distance to Vermont State University. Minutes to Lake Bomoseen, close to Killington & Pico Ski areas. Walking distance to downtown Castleton for area restaurants and amenities. Figures available to qualified buyers.

Last Agent to Sell the Property

Bill Gilbert

Gilbert Realty and Development License #081.0003069 Listed on: 07/12/2024

Last Buyer's Agent

Nancy Liberatore

Lakes & Homes Real Estate License #081.0133990

Lakes & Homes Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,394

Year Built

  • Built in 1880

Lot Details

  • 0.9 Acre Lot
  • Level Lot

Parking

  • Gravel Driveway

Home Design

  • Colonial Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Slate Roof
  • Clapboard

Interior Spaces

  • 2 Full Bathrooms
  • 2,000 Sq Ft Home
  • 2-Story Property
  • Carpet
  • Stove

Basement

  • Walk-Up Access
  • Connecting Stairway

Outdoor Features

  • Deck

Schools

  • Castleton Elementary School
  • Castleton-Hubbardton Village Middle School
  • Fair Haven Uhsd #16 High School

Utilities

  • Zoned Heating
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas
  • 150 Amp Service
  • Propane

Community Details

  • 2 Units
  • Gross Income $44,000

Listing and Financial Details

  • 2390% Total Tax Rate

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,394

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Directions: 589 South Street. Sign on Property
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 110
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3800
  • Sq Ft - Apx Total Finished: 2000
  • Year Built: 1880
  • Remarks Public: Great Investment opportunity. This is a 2 Unit Multifamily recently renovated each unit features 3 bdrms, 1 bath, dishwasher, lots of natural lighting throughout. Both units currently rented to May 2025. The yard is fenced in on three sides. Large backyard. Decks. You could live in one unit and rent out the other. Walking distance to Vermont State University. Minutes to Lake Bomoseen, close to Killington & Pico Ski areas. Walking distance to downtown Castleton for area restaurants and amenities. Figures available to qualified buyers.
  • List Agent: 3423
  • Display On Internet: Unknown
  • Architectural Style: Colonial
  • ResoLotFeatures: Level
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Water Heater–Gas–LP/Bttle
  • Flooring: Carpet
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Stairs - Interior
  • Sq Ft - Apx Finished AG: 2000
  • Sq Ft - Apx Unfinished BG: 1800

Exterior Features

  • Driveway: Gravel
  • Foundation: Concrete
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Slate
  • Features Exterior: Deck
  • Construction Type: Wood Frame, Clapboard Exterior

Utilities

  • Electric: 150 Amp
  • Sewer: Public
  • Heating Fuel: Gas - LP/Bottle
  • Heating: Baseboard, Electric, Gas Heater, Hot Water, Multi Zone, Stove - Gas
  • Total Ranges: 2
  • Total Refrigerators: 2
  • Utilities: Gas - Lp/Bottle
  • Water Source: Public

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: CastletonHubbardton USD 4
  • Elementary School: Castleton Elementary School
  • Middle School: Castleton-Hubbardton Village
  • High School: Fair Haven UHSD #16
  • Elementary School: Castleton Elementary School
  • High School: Fair Haven UHSD #16

Lot Info

  • Lot Sq Ft: 39204
  • Lot Acres: 0.9
  • Surveyed: Unknown
  • Zoning: residential
  • Deed Book: 156
  • Deed Page: 226
  • Deed Recorded Type: Quit Claim

Multi Family

  • Gross Income: 44000
  • Total Full Baths: 2
  • Total Units: 2
  • Total3 Plus Bedroom Units: 2

Tax Info

  • Tax Rate: 2390.08
  • Tax Gross Amount: 2394.08
  • Tax Year: 2024

MLS Schools

  • School District: CastletonHubbardton USD 4
  • School Middle Jr: Castleton-Hubbardton Village

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 21, 2025
Sold by
Marcolin Virginia
Bought by
Vam Living Partnership Lp
Current Estimated Value
$232,472

Purchase Details

Listed on
Jul 12, 2024
Closed on
Nov 8, 2024
Sold by
589 South Street Llc
Bought by
Marcolin Virginia
Seller's Agent
Bill Gilbert
Gilbert Realty and Development
Buyer's Agent
Nancy Liberatore
Lakes & Homes Real Estate
List Price
$249,000
Sold Price
$220,000
Premium/Discount to List
-$29,000
-11.65%
Views
51

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.39%

Purchase Details

Closed on
Mar 20, 2014
Sold by
Smith Howard S
Bought by
500 North Road Llc
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 Type Sale Price Title Company
Interfamily Deed Transfer -- --
Deed $220,000 --
Partnership Grant Deed -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2024 11/08/24 Sold $220,000 -11.6% $110 / Sq Ft
10/16/2024 10/16/24 Pending -- -- --
07/12/2024 07/12/24 For Sale $249,000 -- $125 / 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 $2,737 $108,100 $38,400 $69,700
2023 $2,394 $108,100 $38,400 $69,700
2022 $2,279 $108,100 $38,400 $69,700
2021 $2,307 $108,100 $38,400 $69,700
2020 $2,358 $108,100 $38,400 $69,700
2019 $2,235 $108,100 $38,400 $69,700
2018 $2,204 $108,100 $38,400 $69,700
2017 $2,208 $108,100 $38,400 $69,700
2016 $2,218 $108,100 $38,400 $69,700
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2024

    Bill Gilbert

    Gilbert Realty and Development

    (802) 265-8834

    50 in this area

    105 Total Sales

    Bill Gilbert
    Section Image
  • Nancy Liberatore

    Buyer's Agent in 2024

    Nancy Liberatore

    Lakes & Homes Real Estate

    (802) 282-6641

    27 in this area

    115 Total Sales

    Nancy Liberatore
    Section Image
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Map

Source: PrimeMLS

MLS Number: 5004855

PrimeMLS

APN: 129-040-12079

Vermont Rutland County Castleton 05735

589 South St, Castleton, VT

This home is located at 589 South St, Castleton, VT 05735 and is currently priced at $220,000, approximately $110 per square foot. This property was built in 1880. 589 South St is a home located in Rutland County with nearby schools including Castleton Elementary School, Castleton Village School, and Fair Haven Union High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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