NOT LISTED FOR SALE

763 Main St West Rutland, VT 05777

Estimated Value: $483,805

6 Beds
7 Baths
3,848 Sq Ft
$126/Sq Ft Est. Value

Last Sold September 03, 2024

Last sale price $460,000 $120 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,127/month

61 Days on Market

Highlights

  • Baseboard Heating
  • High Speed Internet
  • Walk-Up Access

About This Home

As of September 2024

Investors take notice, this well maintained 7 unit property is located close to Rutland city amenities, 25 minutes to killington / Pico ski mountains, Manchester, Lake Bomoseen and only minutes to Rutland Reginal Hospital Property's yearly Gross income is $90,000 with a Cap Rate just under 11% Good rental history.property is being sold in Turnkey condition and has been professionally managed with best in class resident screening, property management and maintenance practices.

Last Agent to Sell the Property

Mike Kalil

Watson Realty & Associates License #081.0095645 Listed on: 05/01/2024

Last Buyer's Agent

Mandolyn McIntyre Crow

Real Broker LLC License #082.0134671

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,194

Year Built

  • Built in 1977

Lot Details

  • 0.31 Acre Lot
  • Lot Sloped Up

Home Design

  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 7 Full Bathrooms
  • 3,848 Sq Ft Home
  • 2-Story Property

Basement

  • Walk-Up Access
  • Dirt Floor

Parking

  • Gravel Driveway
  • Off-Street Parking

Location

  • City Lot

Schools

  • West Rutland Elementary And Middle School
  • West Rutland High School

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Oil
  • High Speed Internet
  • Cable TV Available

Community Details

Overview

  • 7 Units

Building Details

  • Operating Expense $29,795
  • Gross Income $90,000
  • Net Operating Income $60,205

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,194

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 119.54
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 4748
  • Sq Ft - Apx Total Finished: 3848
  • Year Built: 1977
  • Remarks Public: Investors take notice, this well maintained 7 unit property is located close to Rutland city amenities, 25 minutes to killington / Pico ski mountains, Manchester, Lake Bomoseen and only minutes to Rutland Reginal Hospital Property's yearly Gross income is $90,000 with a Cap Rate just under 11% Good rental history.property is being sold in Turnkey condition and has been professionally managed with best in class resident screening, property management and maintenance practices.
  • List Agent: 21713
  • Display On Internet: High Speed Intrnt -Avail, DSL
  • Architectural Style: Multi-Family
  • ResoLotFeatures: City Lot
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Concrete, Dirt Floor
  • Sq Ft - Apx Finished AG: 3848
  • Sq Ft - Apx Unfinished BG: 900

Exterior Features

  • Driveway: Gravel
  • Foundation: Stone
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle - Asphalt
  • Construction Type: Wood Frame

Garage/Parking

  • Parking: Off Street

Utilities

  • Electric: Circuit Breaker(s)
  • Fuel Company: 7876
  • Sewer: Public
  • Heating Fuel: Oil
  • Heating: Baseboard, Hot Water
  • Electric Company: 2622
  • Total Electric Meters: 7
  • Total Heat Units: 1
  • Total Ranges: 7
  • Total Refrigerators: 7
  • Utilities: Cable
  • Water Source: Public

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: West Rutland School District
  • Elementary School: West Rutland School
  • Middle School: West Rutland School
  • High School: West Rutland School
  • Elementary School: West Rutland School
  • High School: West Rutland School

Lot Info

  • Lot Sq Ft: 13504
  • Lot Acres: 0.31
  • Surveyed: Unknown
  • Zoning: Residential
  • Deed Book: 111
  • Deed Page: 24-26
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 90000
  • Net Income: 60205
  • Total Full Baths: 7
  • Total Units: 7
  • Total1 Bedroom Units: 7

Tax Info

  • Tax Gross Amount: 6194.37
  • Tax Year: 2024

MLS Schools

  • School District: West Rutland School District
  • School Middle Jr: West Rutland School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2024
Closed on
Sep 3, 2024
Sold by
Rutland Valley Real Estate Llc
Bought by
Grey Fox Realty Llc
Seller's Agent
Mike Kalil
Watson Realty & Associates
Buyer's Agent
Mandolyn McIntyre Crow
Real Broker LLC
List Price
$560,000
Sold Price
$460,000
Premium/Discount to List
-$100,000
-17.86%
Views
15
Current Estimated Value
$483,805

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,805
Avg. Annual Appreciation
4.83%

Purchase Details

Listed on
Apr 23, 2021
Closed on
Nov 30, 2021
Sold by
Nayla Llc
Seller's Agent
Mike Kalil
Watson Realty & Associates
Buyer's Agent
Mike Kalil
Watson Realty & Associates
List Price
$255,000
Sold Price
$255,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.83%

Purchase Details

Listed on
May 8, 2010
Closed on
Mar 2, 2012
Sold by
Taylor Tracy and Taylor Justine
Bought by
Nayla Llc
Seller's Agent
Mike Kalil
Watson Realty & Associates
Buyer's Agent
Mike Kalil
Watson Realty & Associates
List Price
$295,000
Sold Price
$190,000
Premium/Discount to List
-$105,000
-35.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.06%
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
Grey Fox Realty Llc $460,000 --
-- $255,000 --
-- $255,000 --
Nayla Llc $190,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/03/2024 09/03/24 Sold $460,000 -14.0% $120 / Sq Ft
07/01/2024 07/01/24 Pending -- -- --
05/24/2024 05/24/24 Price Changed $535,000 -4.5% $139 / Sq Ft
05/01/2024 05/01/24 For Sale $560,000 +119.6% $146 / Sq Ft
11/30/2021 11/30/21 Sold $255,000 0.0% $66 / Sq Ft View Prior Sale
04/26/2021 04/26/21 Pending -- -- --
04/23/2021 04/23/21 For Sale $255,000 +34.2% $66 / Sq Ft
03/02/2012 03/02/12 Sold $190,000 -35.6% $49 / Sq Ft View Prior Sale
12/21/2011 12/21/11 Pending -- -- --
05/08/2010 05/08/10 For Sale $295,000 -- $76 / 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 $6,741 $249,100 $44,200 $204,900
2023 $5,662 $249,100 $44,200 $204,900
2022 $7,217 $249,100 $44,200 $204,900
2021 $5,663 $249,100 $44,200 $204,900
2020 $5,615 $249,100 $44,200 $204,900
2019 $5,157 $249,100 $44,200 $204,900
2018 $3,987 $181,300 $28,800 $152,500
2017 $4,060 $181,300 $28,800 $152,500
2016 $3,912 $181,300 $28,800 $152,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4993552

PrimeMLS

APN: 735-234-10886