NOT LISTED FOR SALE

8 Elm St Rutland, VT 05701

Estimated Value: $130,000 - $171,000

4 Beds
2 Baths
1,648 Sq Ft
$91/Sq Ft Est. Value

Last Sold January 02, 2024

Last sale price $116,000 $70 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $944/month

134 Days on Market

Highlights

  • Colonial Architecture
  • High Speed Internet
  • 5-minute walk to Main Street Park
  • Baseboard Heating
  • Wood Siding

About This Home

As of January 2024

True duplex in the city. The rents in both apartments are too low for current market. Shared driveway with good parking. Both tenants would like to continue renting. This duplex offers a one bedroom apartment plus a three bedroom apartment that offers a first floor bedroom with two additional ones on the second level. Heat & electric included. Within walking distance to downtown and amentities. Located on the bus route. Property is being sold "AS IS"

Last Agent to Sell the Property

James Pell

Watson Realty & Associates License #081.0002098 Listed on: 05/15/2023

Last Buyer's Agent

David Porteous

RE/MAX North Professionals License #081.0004399

RE/MAX North Professionals

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Sloped Up

Home Design

  • Colonial Architecture
  • Stone Foundation
  • Wood Frame Construction
  • Slate Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Interior Basement Entry

Parking

  • Gravel Driveway
  • Shared Driveway

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Oil
  • 100 Amp Service
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Colonial
  • Directions: Route 7 to West Street, right onto Elm. First house on right. See sign
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 70.39
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3011
  • Sq Ft - Apx Total Finished: 1648
  • Year Built: 1900
  • Remarks Public: True duplex in the city. The rents in both apartments are too low for current market. Shared driveway with good parking. Both tenants would like to continue renting. This duplex offers a one bedroom apartment plus a three bedroom apartment that offers a first floor bedroom with two additional ones on the second level. Heat & electric included. Within walking distance to downtown and amentities. Located on the bus route. Property is being sold "AS IS"
  • List Agent: 21788
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Unfinished
  • Sq Ft - Apx Finished AG: 1648
  • Sq Ft - Apx Unfinished BG: 1363

Exterior Features

  • Construction: Wood Frame
  • Driveway: Common/Shared, Gravel
  • Exterior: Wood
  • Foundation: Stone
  • Road Frontage: TBD
  • Roads: Paved, Public
  • Roof: Slate

Utilities

  • Electric: 100 Amp, Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric, Owned
  • Heating Fuel: Oil
  • Heating: Baseboard, Hot Water
  • Utilities: Cable - Available, High Speed Intrnt -Avail

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 10019
  • Lot Acres: 0.23
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: RESD
  • Deed Book: 123
  • Deed Page: 123
  • Deed Recorded Type: Warranty

Multi Family

  • Total Units: 2
  • Total1 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 3480.72
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2023
Closed on
Dec 27, 2023
Sold by
Bourne John and Bourne Barbara A
Bought by
Weise Patrick
Seller's Agent
James Pell
Watson Realty & Associates
Buyer's Agent
David Porteous
RE/MAX North Professionals
List Price
$149,500
Sold Price
$116,000
Premium/Discount to List
-$33,500
-22.41%
Total Days on Market
134
Views
1076
Current Estimated Value
$149,695

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,695
Avg. Annual Appreciation
19.52%
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
Weise Patrick $116,000 --
Weise Patrick $116,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/02/2024 01/02/24 Sold $116,000 -22.4% $70 / Sq Ft
09/26/2023 09/26/23 Pending -- -- --
05/15/2023 05/15/23 For Sale $149,500 -- $91 / 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 -- $100,800 $40,900 $59,900
2023 -- $100,800 $40,900 $59,900
2022 $3,481 $100,800 $40,900 $59,900
2021 $3,525 $100,800 $40,900 $59,900
2020 $3,493 $100,800 $40,900 $59,900
2019 $3,407 $100,800 $40,900 $59,900
2018 $3,412 $100,800 $40,900 $59,900
2017 $3,176 $100,800 $40,900 $59,900
2016 $3,166 $100,800 $40,900 $59,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4952797

PrimeMLS

APN: 540-170-10540