H
Seller's Agent in 2021
Hughes Group Team
Casella Real Estate
(802) 772-7487
177 in this area
455 Total Sales
87 Plain St Rutland, VT 05701
Estimated Value: $152,000 - $277,000
5
Beds
3
Baths
3,104
Sq Ft
$77/Sq Ft
Est. Value
Highlights
- Corner Lot
- Shed
- Baseboard Heating
- 2 Car Detached Garage
- Garden
- High Speed Internet
About This Home
As of October 2021Here is a well maintained 3 unit property on the corner of Plain and Granger St in Rutland City. The first floor has two 1 bedroom units with great tenants who have been there for years. The entire second floor makes up the third unit, which has 3 nice size bedrooms, a large living room, and a dining area. Apartments of this size are hard to come by. Additional features are the 2 car garage with an attached carport and shed providing great storage, laundry hookups, and a private porch for each unit. Monthly rental income has not been increased in years, so there is room for this property to produce more income. The property has a CAP rate of just below 10%. This is a great investment opportunity or the large upstairs apartment would be perfect as an owner occupied unit. Showings to begin on 05/19/2021.
Last Agent to Sell the Property
Casella Real Estate License #082.0134727 Listed on: 05/13/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1890
Lot Details
- 0.31 Acre Lot
- Corner Lot
- Lot Sloped Up
- Garden
Parking
- 2 Car Detached Garage
Home Design
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Slate Roof
Interior Spaces
- 3 Full Bathrooms
- 3,104 Sq Ft Home
- 2-Story Property
Flooring
- Carpet
- Vinyl
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Outdoor Features
- Shed
Utilities
- Baseboard Heating
- Hot Water Heating System
- Heating System Uses Oil
- Electric Water Heater
- High Speed Internet
- Phone Available
- Cable TV Available
Community Details
Overview
- 3 Units
Building Details
- Operating Expense $6,209
- Gross Income $27,420
- Net Operating Income $15,946
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 13, 2021
Closed on
Oct 15, 2021
Sold by
Robinson Christopher M
Bought by
Whittemore Derrik
Seller's Agent
Hughes Group Team
Casella Real Estate
Buyer's Agent
Hughes Group Team
Casella Real Estate
List Price
$169,900
Sold Price
$174,800
Premium/Discount to List
$4,900
2.88%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,243
Avg. Annual Appreciation
6.17%
Purchase Details
Closed on
Jan 5, 2004
Sold by
Atkinson Bruce M
Bought by
Robinson Christopher M
Purchase Details
Closed on
May 31, 2002
Sold by
Muscatello Ralph P and Muscatello Phyllis M
Bought by
Atkinson Bruce M
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 |
|---|---|---|---|
| Whittemore Derrik | $174,800 | -- | |
| Whittemore Derrik | $174,800 | -- | |
| Robinson Christopher M | $149,700 | -- | |
| Robinson Christopher M | $149,700 | -- | |
| Atkinson Bruce M | $117,900 | -- | |
| Atkinson Bruce M | $117,900 | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/18/2021 10/18/21 | Sold | $174,800 | +2.9% | $56 / Sq Ft |
| 06/17/2021 06/17/21 | Pending | -- | -- | -- |
| 05/13/2021 05/13/21 | For Sale | $169,900 | -- | $55 / 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 | -- | $151,900 | $28,900 | $123,000 |
| 2023 | -- | $151,900 | $28,900 | $123,000 |
| 2022 | $5,169 | $151,900 | $28,900 | $123,000 |
| 2021 | $5,311 | $151,900 | $28,900 | $123,000 |
| 2020 | $5,264 | $151,900 | $28,900 | $123,000 |
| 2019 | $5,134 | $151,900 | $28,900 | $123,000 |
| 2018 | $5,141 | $151,900 | $28,900 | $123,000 |
| 2017 | $4,787 | $151,900 | $28,900 | $123,000 |
| 2016 | $4,771 | $151,900 | $28,900 | $123,000 |
Source: Public Records
Agents Affiliated with this Home
-
Hughes Group Team
Map
Source: PrimeMLS
MLS Number: 4860887
APN: 540-170-17376
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