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Rutland 05701
87 Library Avenue
Listed by: Bill Martin, Greentree Real Estate, Selling Office: KW Vermont-Killington, Listing Courtesy of Prime MLS
$75,000
● House - Off Market

87 Library Avenue

Rutland City, VT 05701
bedrooms
6 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,494 Ft²
$99,667
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

This historic home has been in the same family for over 100 years and is ready for its next owner.  Located on a quiet Rutland City street, centrally located to many nearby amenities, with a classic front porch and adorable back yard.  The first and second floors feature similar floor plans and the home has been used as both a single family and multi-family residence in the past.  Each floor includes a living room, dining room, kitchen, two/three bedrooms and full bathroom.  The third floor has also been used as living space and could be converted to an office or studio.  Many original features including ornate door knobs, detailed woodwork and clawfoot tubs are evident throughout the home.  Make this property shine with renovations to bring it up to date while maintaining some of the original charm!
Unit Size
2,494 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$40
Property Type
House
Property Taxes
$369
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 #4942819)

Price History

Date / Event Date Event Price
Jun 23, 2023 Sold
Premium
Sold
Feb 8, 2023 Listed by Greentree Real Estate $99,500
Listed by Greentree Real Estate

Property Highlights

Parking Available
Garage

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: 4,792
  • 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: 0000000110
  • Standard Land Use Code: 1001
  • County Land Use Code: R1

Neighborhood

  • School District Name: Rutland City School District
  • Census Tract: 963100

Geography

  • Parcel: (170) 14601
  • Municipality: RUTLAND CITY
  • Latitude: 43.6126
  • Longitude: -72.9823

    Address

  • Full Address: 87 Library Ave
  • Address - House Number: 87
  • Address - Street Name: Library
  • Address - Suffix Type: Ave
  • State: VT
  • City Name: Rutland
  • Carrier Code: C009
  • 4-Digit Zip Code: 2806
  • Zip Code: 05701

Valuation

    Tax

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

    Appraisal Valuation

  • Standard Deviation: 0.1874
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 62
  • Final Value: 175,961
  • High Value: 208,952
  • Low Value: 142,969

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $131,500
  • Assessed Land Value: $40,400
  • Assessed Improvements Value: $91,100

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 23, 2023
  • Current Sale Recording Date: Jun 23, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: DK1910420800
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:

$287,000

Sale Price/ft²

$113

Below Asking

0.03%

Average Days on Market

80

Average Home Size

3289 ft²

Average Home Age

86.2 years

Currently For Sale

64 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: Bill Martin, Greentree Real Estate
Last Updated Date: 2023-06-23
Last Checked: less than 1 hour ago
Data Source: Prime MLS, MLS# 4942819
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 87 Library Avenue built and last sold?
The property at 87 Library Avenue was built in and last sold on Jun 23, 2023 for $75,000.
How much is this home worth?
The estimated value of the home located at 87 Library Avenue is $100,495.
What are some comparable homes to 87 Library Avenue?
There are currently no comparable homes to 87 Library Avenue.
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