NOT LISTED FOR SALE

8 Spellman Terrace Rutland, VT 05701

Estimated Value: $204,000 - $306,000

3 Beds
1.5 Baths
1,962 Sq Ft
$131/Sq Ft Est. Value

Last Sold March 09, 2023

Last sale price $170,518 $87 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $1,674/month

252 Days on Market

Highlights

  • Arts and Crafts Architecture
  • Covered Patio or Porch
  • Woodwork
  • Wood Flooring
  • 1 Car Detached Garage
  • Baseboard Heating

About This Home

As of March 2023

ARTS AND CRAFTS BEAUTY IN CONVENIENT CITY LOCATION! This 3 bedroom, 2 bath house will bring a smile to your face every time you enter the house and are wowed anew by the detail, craftsmanship, and layout. While in need of updates, this house sports a brand new boiler and baseboard units, as well as a new electrical panel. The rooms are spacious and inviting. Come see for yourself! This is a Fannie Mae Homepath property. Note: This property will be sold via online auction.

Last Agent to Sell the Property

Jeff Olson

BHHS Vermont Realty Group/Middlebury License #081.0128880 Listed on: 06/07/2022

BHHS Vermont Realty Group/Middlebury

Co-Listed By

Nikhil Plouffe

BHHS Vermont Realty Group/Middlebury License #082.0134171

Last Buyer's Agent

Karen Heath

Four Seasons Sotheby's Int'l Realty License #082.0006895

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1916

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Sloped Up
  • Property is zoned MSP

Parking

  • 1 Car Detached Garage
  • Gravel Driveway
  • Off-Street Parking

Home Design

  • Arts and Crafts Architecture
  • Brick Foundation
  • Poured Concrete
  • Wood Frame Construction
  • Slate Roof
  • Clap Board Siding

Interior Spaces

  • 2-Story Property
  • Woodwork
  • Dining Area
  • Stove

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Unfinished Basement

  • Interior Basement Entry
  • Laundry in Basement

Outdoor Features

  • Covered Patio or Porch

Schools

  • Rutland Northeast Primary Sch Elementary School
  • Rutland Senior High School

Utilities

  • Heat Pump System
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas
  • High Speed Internet

Listing and Financial Details

  • REO, home is currently bank or lender owned

Home Details

Home Type

Single Family

Year Built

Built in 1916

Lot Details

0

Parking

1

Listing Details

  • Status Detail: Closed
  • Style: Arts And Crafts
  • Directions: From East St. in Rutland City, head west on Spellman Terrace. House is on the corner of Spellman and Olmstead Place.
  • Flood Zone: Unknown
  • Assessment Amount: 140700
  • Assessment Year: 2016
  • Construction: Existing
  • Foreclosedbank Ownedreo: Yes
  • Total Stories: 2
  • Price Per Sq Ft: 86.91
  • Property Class: Residential
  • Property Type: Single Family
  • Year Built: 1916
  • Remarks Public: ARTS AND CRAFTS BEAUTY IN CONVENIENT CITY LOCATION! This 3 bedroom, 2 bath house will bring a smile to your face every time you enter the house and are wowed anew by the detail, craftsmanship, and layout. While in need of updates, this house sports a brand new boiler and baseboard units, as well as a new electrical panel. The rooms are spacious and inviting. Come see for yourself! This is a Fannie Mae Homepath property. Note: This property will be sold via online auction.
  • List Agent: 1359
  • Special Features: 20
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Refrigerator, Stove - Electric
  • Features Interior: Dining Area, Natural Woodwork, Wood Stove Hook-up, Laundry - Basement
  • Total Bedrooms: 3
  • Flooring: Tile, Wood
  • Total Bathrooms: 2
  • Half Bathrooms: 1
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Unfinished
  • Level 1: Level 1: Bath - 1/2, Level 1: Dining Room, Level 1: Kitchen, Level 1: Living Room
  • Level 2: Level 2: Bedroom, Level 2: Bath - Full
  • Room 1: Kitchen, 14’x10’2”, On Level: 1
  • Room 2: Bath - 1/2, 4’5”x4’6”, On Level: 1
  • Room 3: Dining Room, 11’11”x14’1”, On Level: 1
  • Room 4: Living Room, 23’1”x12’5”, On Level: 1
  • Room 5: 2, 15’3”x9’1”
  • Room 6: Bedroom, 13’9”x12’1”, On Level: 2
  • Room 7: Bedroom, 14’1”x11’10”, On Level: 2
  • Room 8: Bath - Full, 7’3”x6’4”, On Level: 2
  • Sq Ft - Apx Finished AG: 1962
  • Sq Ft - Apx Total: 2967
  • Sq Ft - Apx Total Finished: 1962
  • Sq Ft - Apx Unfinished BG: 1005

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Clapboard
  • Foundation: Brick, Poured Concrete
  • Road Frontage: TBD
  • Roads: Paved, Public
  • Roof: Slate
  • Easements: Unknown
  • Features Exterior: Porch - Covered

Garage/Parking

  • Garage Capacity: 1
  • Parking: Off Street, Parking Spaces 2
  • Garage Type: Detached
  • Garage: Yes

Utilities

  • Electric: Circuit Breaker(s)
  • Fuel Company: Fyles Brothers
  • Sewer: Public
  • Water: Public
  • Water Heater: Heat Pump
  • Heating Fuel: Gas - LP/Bottle
  • Heating: Baseboard, Hot Water
  • Utilities: High Speed Intrnt -Avail

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Rutland City School District
  • Elementary School: Rutland Northeast Primary Sch
  • High School: Rutland Senior High School
  • Elementary School: Rutland Northeast Primary Sch
  • High School: Rutland Senior High School

Lot Info

  • Lot Sq Ft: 3049
  • Lot Acres: 0.07
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: MSP
  • Deed Book: 708
  • Deed Page: 367
  • Deed Recorded Type: Quit Claim

Tax Info

  • Tax Gross Amount: 4875.64
  • Tax Year: 2021

MLS Schools

  • School District: Rutland City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2022
Closed on
Feb 17, 2023
Sold by
Federal National Mortgage Association
Bought by
Kmt Investments
Seller's Agent
Jeff Olson
BHHS Vermont Realty Group/Middlebury
Buyer's Agent
Karen Heath
Four Seasons Sotheby's Int'l Realty
List Price
$199,900
Sold Price
$170,518
Premium/Discount to List
-$29,382
-14.7%
Views
511
Current Estimated Value
$258,544

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,026
Avg. Annual Appreciation
18.68%

Purchase Details

Closed on
May 12, 2021
Sold by
Newrez Llc D/B/A Shellpoint Mortgage Ser

Purchase Details

Closed on
Mar 22, 2021
Sold by
Laclair Carol A and Laclair Wayne N

Purchase Details

Closed on
Aug 5, 2004
Sold by
Hayward Mary Louise Estate
Bought by
Laclair Carol A
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
Kmt Investments $170,519 --
Kmt Investments $170,519 --
-- -- --
-- $86,100 --
Laclair Carol A $107,000 --
Laclair Carol A $107,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/09/2023 03/09/23 Sold $170,518 -10.2% $87 / Sq Ft
02/14/2023 02/14/23 Pending -- -- --
10/17/2022 10/17/22 Price Changed $189,900 -5.0% $97 / Sq Ft
10/10/2022 10/10/22 For Sale $199,900 0.0% $102 / Sq Ft
09/30/2022 09/30/22 Pending -- -- --
09/11/2022 09/11/22 Price Changed $199,900 -9.1% $102 / Sq Ft
08/11/2022 08/11/22 Price Changed $220,000 -6.4% $112 / Sq Ft
07/11/2022 07/11/22 Price Changed $235,000 -9.6% $120 / Sq Ft
06/07/2022 06/07/22 For Sale $260,000 -- $133 / 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 -- $140,700 $40,300 $100,400
2023 -- $140,700 $40,300 $100,400
2022 $4,859 $140,700 $40,300 $100,400
2021 $4,920 $140,700 $40,300 $100,400
2020 $4,876 $140,700 $40,300 $100,400
2019 $4,550 $140,700 $40,300 $100,400
2018 $4,563 $140,700 $40,300 $100,400
2017 $4,324 $140,700 $40,300 $100,400
2016 $4,330 $140,700 $40,300 $100,400
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Jeff Olson

    BHHS Vermont Realty Group/Middlebury

    Section Image

  • N

    Seller Co-Listing Agent in 2023

    Nikhil Plouffe

    BHHS Vermont Realty Group/Middlebury

    (802) 349-6044

    6 in this area

    14 Total Sales

    Section Image
  • Karen Heath

    Buyer's Agent in 2023

    Karen Heath

    Four Seasons Sotheby's Int'l Realty

    (802) 774-7007

    73 in this area

    144 Total Sales

    Section Image
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Map

Source: PrimeMLS

MLS Number: 4914545

PrimeMLS

APN: 540-170-12480

Vermont Rutland County Rutland 05701

8 Spellman Terrace, Rutland, VT

This home is located at 8 Spellman Terrace, Rutland, VT 05701 since 07 June 2022 and is currently estimated at $256,095, approximately $130 per square foot. This property was built in 1916. 8 Spellman Terrace is a home located in Rutland County with nearby schools including Rutland Intermediate School, Rutland Middle School, and Rutland Senior High School.

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