NOT LISTED FOR SALE

997 U S 4 Rutland, VT 05701

9 Beds
5 Baths
2,589 Sq Ft
2 Acres

Last Sold June 17, 2022

Last sale price $310,000 $120 Per Sq Ft

170 Days on Market

Highlights

  • 2 Acre Lot
  • Mountain View
  • Baseboard Heating
  • Colonial Architecture
  • Landscaped
  • Level Lot

About This Home

As of June 2022

So many opportunities await! This 2 acre property could be used for many different options - a family residence, rental/investment property, a Bed & Breakfast, AirBnB or storage. Take advantage of the 500' of road frontage and the close proximity to both Pico (7 minutes) and Killington (17 minutes), as well as the bus stop to Killington right on the corner. The main house features 2,670 sq ft, and includes 6 brs and 2 baths, including 1 that is handicap accessible. Updates include a new oil-fired steam boiler, new chimney, and a new metal roof in 2017. Original wood work and wood floors give this house an amazing amount of potential and charm. The house needs some TLC but has so many possibilities and would bring excellent rental income! The additional buildings include a Cabin/Tiny home that was totally renovated in 2018/19. It's ready to be lived in or used as an income-producing property for you as you renovate the other buildings. The 400-sq ft cabin has a Lifeproof floor, fully equipped kitchen, storage loft, and separate utilities. The former 4-5 unit motel could likely be remodeled into 2 one-bedroom apartments, or even storage units. Tons of potential - creativity and time need to make it amazing. The rustic 20'x30' 3-bay barn could be used for storage or remodeled into a huge workshop or utilized in a multitude of other ways. Sitting on 2 flat acres with plenty parking location really is key for this property, located just below Mendon in Rutland Town.

Last Agent to Sell the Property

Darcy Handy

RE/MAX North Professionals Listed on: 10/12/2021

RE/MAX North Professionals

Last Buyer's Agent

Katie McFadden

RE/MAX North Professionals License #082.0008473

RE/MAX North Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,005

Year Built

  • Built in 1850

Lot Details

  • 2 Acre Lot
  • Landscaped
  • Level Lot

Parking

  • Paved Parking

Home Design

  • Colonial Architecture
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 5 Full Bathrooms
  • 2-Story Property
  • Mountain Views
  • Unfinished Basement
  • Interior Basement Entry

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Oil
  • Separate Meters
  • Drilled Well
  • Water Heater
  • Septic Tank
  • Phone Available
  • Cable TV Available

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,005

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Colonial
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 119.74
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3551
  • Sq Ft - Apx Total Finished: 2589
  • Year Built: 1850
  • Remarks Public: So many opportunities await! This 2 acre property could be used for many different options - a family residence, rental/investment property, a Bed & Breakfast, AirBnB or storage. Take advantage of the 500' of road frontage and the close proximity to both Pico (7 minutes) and Killington (17 minutes), as well as the bus stop to Killington right on the corner. The main house features 2,670 sq ft, and includes 6 brs and 2 baths, including 1 that is handicap accessible. Updates include a new oil-fired steam boiler, new chimney, and a new metal roof in 2017. Original wood work and wood floors give this house an amazing amount of potential and charm. The house needs some TLC but has so many possibilities and would bring excellent rental income! The additional buildings include a Cabin/Tiny home that was totally renovated in 2018/19. It's ready to be lived in or used as an income-producing property for you as you renovate the other buildings. The 400-sq ft cabin has a Lifeproof floor, fully equipped kitchen, storage loft, and separate utilities. The former 4-5 unit motel could likely be remodeled into 2 one-bedroom apartments, or even storage units. Tons of potential - creativity and time need to make it amazing. The rustic 20'x30' 3-bay barn could be used for storage or remodeled into a huge workshop or utilized in a multitude of other ways. Sitting on 2 flat acres with plenty parking location really is key for this property, located just below Mendon in Rutland Town.
  • List Agent: 283982
  • 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: 2589
  • Sq Ft - Apx Unfinished BG: 962

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Wood Siding
  • Foundation: Stone
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Metal, Shingle - Other

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: On-Site Septic Exists
  • Water: Drilled Well
  • Water Heater: Owned
  • Heating Fuel: Electric, Oil
  • Heating: Baseboard, Electric, Hot Water
  • Separate Utilities: Yes
  • Utilities: Cable, Telephone At Site

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 87120
  • Lot Acres: 2
  • Lot Description: Landscaped, Level, Major Road Frontage, Mountain View, Neighbor Business, View
  • Surveyed: Unknown
  • Zoning: mixed use
  • Deed Book: 155
  • Deed Page: 449-450
  • Deed Recorded Type: Quit Claim

Multi Family

  • Total Full Baths: 5
  • Total Units: 3
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 5005.26
  • Tax Year: 2020

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
06/17/2022 06/17/22 Sold $310,000 -1.6% $120 / Sq Ft
03/31/2022 03/31/22 Pending -- -- --
11/11/2021 11/11/21 Price Changed $315,000 -4.5% $122 / Sq Ft
10/12/2021 10/12/21 For Sale $330,000 -- $127 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Darcy Handy

    Seller's Agent in 2022

    Darcy Handy

    RE/MAX

    (802) 373-1251

    6 in this area

    347 Total Sales

    Section Image
  • Katie McFadden

    Buyer's Agent in 2022

    Katie McFadden

    RE/MAX

    (802) 356-6100

    10 in this area

    123 Total Sales

    Section Image
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Map

Source: PrimeMLS

MLS Number: 4886613

PrimeMLS

Vermont Rutland County Rutland 05701

997 U S 4, Rutland, VT

This home is located at 997 U S 4, Rutland, VT 05701 since 12 October 2021. This property was built in 1850. 997 U S 4 is a home located in Rutland County with nearby schools including Rutland Town Elementary School, Christ the King School, and Green Mountain Christian School.

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