NOT LISTED FOR SALE

814 Ryegate Rd Wells River, VT 05081

9 Beds
7 Baths
3,966 Sq Ft
1.3 Acres

Last Sold December 08, 2022

Last sale price $350,000 $88 Per Sq Ft

174 Days on Market

Highlights

  • Zoned Heating
  • High Speed Internet
  • 1-Story Property
  • Hot Water Heating System
  • Open Lot

About This Home

As of December 2022

Strong cash flowing 5-unit apartment building between Wells River and Ryegate, VT. Recently renovated units with excellent tenants. Low maintenance inside and out. Professionally managed by a company that would like to continue managing the property. Detailed financials available with signed non-disclosure agreement. The listing agent has an ownership interest in the property. Seller financing available.

Last Agent to Sell the Property

Loren Wehmeyer

Coldwell Banker LIFESTYLES - Hanover Listed on: 04/07/2022

Coldwell Banker LIFESTYLES - Hanover

Last Buyer's Agent

Loren Wehmeyer

Coldwell Banker LIFESTYLES - Hanover Listed on: 04/07/2022

Coldwell Banker LIFESTYLES - Hanover

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,625

Year Built

  • Built in 1953

Lot Details

  • 1.3 Acre Lot
  • Open Lot
  • Lot Sloped Up

Parking

  • Paved Parking

Home Design

  • Poured Concrete
  • Wood Frame Construction
  • Shingle Roof
  • Metal Roof
  • Clap Board Siding
  • Vinyl Siding

Interior Spaces

  • 7 Full Bathrooms
  • 1-Story Property

Utilities

  • Zoned Heating
  • Hot Water Heating System
  • Heating System Uses Oil
  • Drilled Well
  • Septic Tank
  • High Speed Internet

Community Details

Overview

  • 5 Units
  • Wehmeyer Property Mgmt Association, Phone Number (802) 209-3232

Building Details

  • Gross Income $61,740

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,625

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building
  • Directions: From I-91, take the Wells River Exit (exit 17). Turn right onto US-302. Turn left onto Main Street North. Main Street North becomes US-5 North. Follow US-5 North for one mile from the village of Wells River. Building is on the northeast side of the road with a sign labeled "The Birchwood".
  • Flood Zone: Unknown
  • Assessment Amount: 155000
  • Assessment Year: 2020
  • Construction: Existing
  • Total Stories: 1
  • Price Per Sq Ft: 88.25
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 7932
  • Sq Ft - Apx Total Finished: 3966
  • Year Built: 1953
  • Remarks Public: Strong cash flowing 5-unit apartment building between Wells River and Ryegate, VT. Recently renovated units with excellent tenants. Low maintenance inside and out. Professionally managed by a company that would like to continue managing the property. Detailed financials available with signed non-disclosure agreement. The listing agent has an ownership interest in the property. Seller financing available.
  • List Agent: 285219
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Rooms Above Ground: 14
  • Sq Ft - Apx Finished AG: 3966
  • Sq Ft - Apx Unfinished AG: 3966

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Clapboard, Combination, Vinyl Siding
  • Foundation: Poured Concrete
  • Road Frontage: Yes
  • Roads: Paved
  • Roof: Metal, Shingle - Asphalt
  • Easements: Unknown

Utilities

  • Electric: Circuit Breaker(s)
  • Fuel Company: Jock Oil
  • Sewer: On-Site Septic Exists
  • Water: Drilled Well
  • Water Heater: Off Boiler
  • Heating Fuel: Oil
  • Heating: Hot Water, Multi Zone
  • Electric Company: Green Mountain Power
  • Total Electric Meters: 1
  • Total Heat Units: 1
  • Total Ranges: 5
  • Total Refrigerators: 5
  • Total Water Heaters: 1
  • Trash: Dumpster
  • Utilities: Dsl - Available

Condo/Co-op/Association

  • Mgmt Co Phone: 802-209-3232
  • Management Company: Wehmeyer Property Mgmt

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Village/District/Locale: Wells River
  • Lot Sq Ft: 56628
  • Lot Acres: 1.3
  • Lot Description: Open
  • Surveyed: Unknown
  • Zoning: Commercial 2
  • Deed Book: 93
  • Deed Page: 344-346
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 61740
  • Total Full Baths: 7
  • Total Units: 5
  • Total1 Bedroom Units: 2
  • Total2 Bedroom Units: 3

Tax Info

  • Taxes TBD: Yes
  • Tax Gross Amount: 3625.07
  • Tax Year: 2021

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2022 12/08/22 Sold $350,000 0.0% $88 / Sq Ft
11/08/2022 11/08/22 Off Market $350,000 -- --
09/28/2022 09/28/22 Pending -- -- --
04/07/2022 04/07/22 For Sale $367,000 -- $93 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2022

    Loren Wehmeyer

    Coldwell Banker LIFESTYLES - Hanover

    (802) 359-2122

    1 in this area

    18 Total Sales

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Map

Source: PrimeMLS

MLS Number: 4904810

PrimeMLS

Vermont Caledonia County Wells River 05042

814 Ryegate Rd, Wells River, VT

This home is located at 814 Ryegate Rd, Wells River, VT 05081 since 07 April 2022. This property was built in 1953. 814 Ryegate Rd is a home located in Caledonia County with nearby schools including Blue Mountain Union School.

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