Seller's Agent in 2020
Mike Kalil
Watson Realty & Associates
(802) 342-8899
70 in this area
102 Total Sales
60 Chestnut Ave Rutland, VT 05701
Estimated Value: $200,000 - $291,000
7
Beds
3
Baths
3,933
Sq Ft
$64/Sq Ft
Est. Value
Highlights
- Victorian Architecture
- Baseboard Heating
- Wood Siding
- Forced Air Heating System
- High Speed Internet
About This Home
As of November 20204 Family Victorian home with a 5th unit ready to be added on the third floor with a little work, a 3 bedroom unit with over 2000 Square Feet on 3 floors makes this a perfect owner occupy unit, the property has been in the same ownership for over 40 years, many updates have been done over the years, all separate heating systems and hot water, tenants pay their most of the utilities, Property has Great rental history, some of the tenants have been residing there for 15 and 20 years, rents are well bellow the market value, owner just didn't increase rents, at the current income the Cap Rate is over 8% , with rents at market value the Cap Rate is over 12%. For More Information Call Mike Kalil 802-342-8899 or email miek.kalilrealestate@gmail.com
Last Agent to Sell the Property
Watson Realty & Associates License #081.0095645 Listed on: 07/15/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1884
Lot Details
- 6,098 Sq Ft Lot
- Lot Sloped Up
Parking
- Gravel Driveway
Home Design
- Victorian Architecture
- Brick Foundation
- Wood Frame Construction
- Slate Roof
- Wood Siding
Interior Spaces
- 3,933 Sq Ft Home
- 3-Story Property
- Unfinished Basement
- Interior Basement Entry
Utilities
- Forced Air Heating System
- Baseboard Heating
- Heating System Uses Oil
- Water Heater Leased
- High Speed Internet
- Phone Available
- Cable TV Available
Community Details
Overview
- 4 Units
Building Details
- Operating Expense $15,041
- Gross Income $28,200
- Net Operating Income $13,159
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 20, 2024
Sold by
Zhong Mandy
Bought by
Mandy Zhong Trustee Mandy Zhong Rev Trus
Current Estimated Value
Purchase Details
Listed on
Jul 15, 2020
Closed on
Nov 10, 2020
Sold by
Hill James A
Bought by
Zhong Mandy K
Seller's Agent
Mike Kalil
Watson Realty & Associates
Buyer's Agent
Mike Kalil
Watson Realty & Associates
List Price
$159,000
Sold Price
$145,000
Premium/Discount to List
-$14,000
-8.81%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.58%
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mandy Zhong Trustee Mandy Zhong Rev Trus | -- | -- | |
| Zhong Mandy K | $135,000 | -- | |
| Zhong Mandy K | $135,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/10/2020 11/10/20 | Sold | $145,000 | -8.8% | $37 / Sq Ft |
| 09/21/2020 09/21/20 | Pending | -- | -- | -- |
| 09/18/2020 09/18/20 | For Sale | $159,000 | 0.0% | $40 / Sq Ft |
| 08/23/2020 08/23/20 | Pending | -- | -- | -- |
| 07/15/2020 07/15/20 | For Sale | $159,000 | -- | $40 / 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 | -- | $187,300 | $40,600 | $146,700 |
| 2023 | -- | $187,300 | $40,600 | $146,700 |
| 2022 | $6,468 | $187,300 | $40,600 | $146,700 |
| 2021 | $6,549 | $187,300 | $40,600 | $146,700 |
| 2020 | $6,491 | $187,300 | $40,600 | $146,700 |
| 2019 | $6,330 | $187,300 | $40,600 | $146,700 |
| 2018 | $6,339 | $187,300 | $40,600 | $146,700 |
| 2017 | $5,902 | $187,300 | $40,600 | $146,700 |
| 2016 | $5,883 | $187,300 | $40,600 | $146,700 |
Source: Public Records
Agents Affiliated with this Home
-
Mike Kalil
Map
Source: PrimeMLS
MLS Number: 4816732
APN: 540-170-12559
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.
Copyright 2025 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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