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Rutland 05701
388 Craigs Lane
Listed by: Chris Bianchi, Ski Country Real Estate, Selling Office: Blue Ridge Real Estate, Listing Courtesy of Prime MLS
$320,000
● House - Off Market

388 Craigs Lane

Mendon, VT 05751
bedrooms
8 Beds
bathrooms
2 Baths
square feet
2,816 Ft²
$430,787
RealtyHop Estimate
32.55%
Since Dec 1, 2020
National-US
Primary Model

About This Property

Easy access Minutes to Pico and Killington. This is a large house that could be a single family or duplex with 4 bedrooms and 2 baths on each level. Great rental property. There is a large open living/dining/kitchen area with wood burning fireplace and views of Pico on each level. A hot tub is just off the central mud room entrance. There are 3 separate lots for this property and 4 Alpine Pipeline sewer units are included. The property is currently on it's own septic but could be connected to the pipeline. The basement level offers lots of storage, as well as laundry and a walk-up.
Unit Size
2,816 Ft²
Days on Market
-
Land Size
1.69 acres
Price per sqft
$115
Property Type
House
Property Taxes
$376
HOA Dues
-
Year Built
-

Payment Calculator (Computations Provided by RealtyHop)

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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 #4817423)

Price History

Date / Event Date Event Price
Nov 13, 2020 Sold
Premium
Sold
Jan 16, 2020 Listed by Ski Country Real Estate $325,000
Listed by Ski Country Real Estate

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 73,616
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001690
  • Standard Land Use Code: 1001
  • County Land Use Code: R1
  • Legal Description 1: 1.69A; DWL

Neighborhood

  • School District Name: Windsor Central Supervisory Union
  • Census Tract: 962800

Geography

  • Parcel: (119) 040210010
  • Municipality: MENDON
  • Latitude: 43.6661
  • Longitude: -72.8635

    Address

  • Full Address: 388 Craigs Ln
  • Address - House Number: 388
  • Address - Street Name: Craigs
  • Address - Suffix Type: Ln
  • State: VT
  • City Name: Killington
  • Carrier Code: H034
  • 4-Digit Zip Code: 4466
  • Zip Code: 05751

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 119

    Appraisal Valuation

  • Standard Deviation: 0.1178
  • Valuation Date: Apr 19, 2023
  • Confidence Score: 87
  • Final Value: 289,145
  • High Value: 323,233
  • Low Value: 255,058

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $297,700
  • Assessed Land Value: $64,500
  • Assessed Improvements Value: $233,200

    Sales

  • Current Sale Contract Date: Nov 13, 2020
  • Current Sale Recording Date: Nov 16, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: DK1678344064
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:

$338,750

Sale Price/ft²

$148

Below Asking

0.02%

Average Days on Market

71

Average Home Size

3048 ft²

Average Home Age

79.3 years

Currently For Sale

410 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

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Prime

Listed by: Chris Bianchi, Ski Country Real Estate
Last Updated Date: 2020-11-14
Last Checked: 7 hours ago
Data Source: Prime MLS, MLS# 4817423
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 388 Craigs Lane built and last sold?
The property at 388 Craigs Lane was built in and last sold on Nov 13, 2020 for $320,000.
How much is this home worth?
The estimated value of the home located at 388 Craigs Lane is $0.
What are some comparable homes to 388 Craigs Lane?
There are currently no comparable homes to 388 Craigs Lane.
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