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Rutland 05701
63 Cherry Street
Listed by: Seth Gewanter, Casella Real Estate, Selling Office: Casella Real Estate, Listing Courtesy of Prime MLS
$40,000
● Land - Off Market

63 Cherry Street

Rutland City, VT 05701
bedrooms
Studio
bathrooms
0 Bath
$497
Est. Monthly
28.65%
Cap Rate

About This Property

An exceptional opportunity awaits with this rare 0.4-acre city lot, the perfect site for building your home. Whether you choose to rebuild on the original home site or break new ground, this spacious corner lot provides versatility. Conveniently located near the town center, it's just minutes away from various shops and restaurants. Opportunities for city lots like this are few and far between, making this a unique chance to create your ideal living space. Don't miss out on this great opportunity to invest in your dream home. This lot is being sold as is. Please do your own research on building and zoning regulations.
Unit Size
-
Days on Market
-
Land Size
0.40 acres
Price per sqft
-
Property Type
Land
Property Taxes
$276
HOA Dues
-
Year Built
-

Payment Calculator (Computations Provided by RealtyHop)

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Cap Rate Calculator

Purchase Price
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Operating Profit Per Year
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 #4980504)

Price History

Date / Event Date Event Price
Jan 17, 2024 Sold
Premium
Sold
Dec 18, 2023 Listed by Casella Real Estate $45,000
Listed by Casella 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: 17,424
  • 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: 0000000400
  • Standard Land Use Code: 1999
  • County Land Use Code: R1

Neighborhood

  • School District Name: Rutland City School District
  • Census Tract: 963300

Geography

  • Parcel: (170) 14753
  • Municipality: RUTLAND CITY
  • Latitude: 43.6033
  • Longitude: -72.9831

    Address

  • Full Address: 63 Cherry St
  • Address - House Number: 63
  • Address - Street Name: Cherry
  • Address - Suffix Type: St
  • State: VT
  • City Name: Rutland
  • Carrier Code: C003
  • 4-Digit Zip Code: 3908
  • Zip Code: 05701

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 170

    Appraisal Valuation

  • Standard Deviation: 0.2107
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 57
  • Final Value: 128,686
  • High Value: 155,810
  • Low Value: 101,561

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $92,800
  • Assessed Land Value: $29,100
  • Assessed Improvements Value: $63,700

    Sales

  • Current Sale Contract Date: Jan 17, 2024
  • Current Sale Recording Date: Jan 22, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 1829167936
  • Previous Sale Recording Date: Feb 05, 2007
  • Previous Sale Contract Date: Jan 08, 2007
  • Previous Sale Document Type: 36
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:

$285,450

Sale Price/ft²

$114

Below Asking

0.03%

Average Days on Market

75

Average Home Size

3420 ft²

Average Home Age

93.9 years

Currently For Sale

89 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

Unit for rent at 184 N Main, Rutland City, 05701

$1,400 /mo

  • 1 Bed
  • 1 Bath
  • 750 ft²
184 N Main #2, Rutland City, 05701

Rentals Near You

Click here to view more rentals in the neighborhood.
Prime

Listed by: Seth Gewanter, Casella Real Estate
Last Updated Date: 2024-01-18
Last Checked: less than 1 hour ago
Data Source: Prime MLS, MLS# 4980504
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 63 Cherry Street built and last sold?
The property at 63 Cherry Street was built in and last sold on Jan 17, 2024 for $40,000.
How much is this home worth?
The estimated value of the home located at 63 Cherry Street is $45,450.
What are some comparable homes to 63 Cherry Street?
There are currently no comparable homes to 63 Cherry Street.
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