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Rutland 05733
283 Old Basin Road
Listed by: Bonnie Gridley, RE/MAX North Professionals, Middlebury, Selling Office: IPJ Real Estate, Listing Courtesy of Prime MLS
$350,000
● House - Off Market

283 Old Basin Road

Brandon, VT 05733
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,462 Ft²
$337,597
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

This home is truly a lovely slice of Vermont. This quintessential Log Cabin sits on 5.04 Acres with a beautiful large landscaped yard surrounded by trees.  It is very private, yet minutes to town for shopping and dining.  The home is very well cared for and is in move-in condition. As you enter the home, a large mudroom is off to the right with an abundance of storage.  All of the natural woodwork has been beautifully maintained.  Sit in the large 3-season screened in porch with your favorite beverage and listen to the birds and enjoy the view of the lawn and forest. This is a wonderful place to call home!  Book your appointment today!
Unit Size
1,462 Ft²
Days on Market
-
Land Size
5.04 acres
Price per sqft
$229
Property Type
House
Property Taxes
$367
HOA Dues
-
Year Built
1976

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (Prime MLS #4948499)

Price History

Date / Event Date Event Price
May 31, 2023 Sold
Premium
Sold
Apr 12, 2023 Listed by RE/MAX North Professionals, Middlebury $335,000
Listed by RE/MAX North Professionals, Middlebury

Property Highlights

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 26
  • Exterior Walls Type: 9
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 806
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 219,542
  • Total Building Area: 1,462
  • Building Area: 1,462
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,462
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000005040
  • Standard Land Use Code: 1001
  • County Land Use Code: 101
  • Legal Description 1: DWL & 5.04 AC

Neighborhood

  • School District Name: Rutland Northeast Supervisory Union
  • Census Tract: 962200

Geography

  • Parcel: (024) 0023-0405
  • Municipality: BRANDON
  • Latitude: 43.811
  • Longitude: -73.0508

    Address

  • Full Address: 283 Old Basin Rd
  • Address - House Number: 283
  • Address - Street Name: Old Basin
  • Address - Suffix Type: Rd
  • State: VT
  • City Name: Brandon
  • Carrier Code: R004
  • 4-Digit Zip Code: 8331
  • Zip Code: 05733

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $495,000
  • Tax Rate Code Area: 024

    Appraisal Valuation

  • Standard Deviation: 0.1125
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 88
  • Final Value: 329,932
  • High Value: 367,077
  • Low Value: 292,787

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $189,800
  • Assessed Land Value: $53,000
  • Assessed Improvements Value: $136,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 31, 2023
  • Current Sale Recording Date: Jun 02, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: DK 294344000
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Rutland

Stats & Trends

Median Asking:

$349,000

Sale Price/ft²

$151

Below Asking

0.03%

Average Days on Market

77

Average Home Size

3048 ft²

Average Home Age

77.6 years

Currently For Sale

300 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Prime

Listed by: Bonnie Gridley, RE/MAX North Professionals, Middlebury
Last Updated Date: 2023-05-31
Last Checked: less than 1 hour ago
Data Source: Prime MLS, MLS# 4948499
Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 283 Old Basin Road built and last sold?
The property at 283 Old Basin Road was built in 1976 and last sold on May 31, 2023 for $350,000.
How much is this home worth?
The estimated value of the home located at 283 Old Basin Road is $0.
What are some comparable homes to 283 Old Basin Road?
There are currently no comparable homes to 283 Old Basin Road.
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