38-40 Ritchie Avenue

Closed 3/13/18
Closed 3/13/18
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Sold
Last Sold Price
$232,000
4 beds1,737 sqft$134/sqft
38-40 Ritchie Ave, Milton, VT 05468
Multi FamilyProperty Type
0.29 acresLot Size
1981Year Built
$134/sq ftPrice per sq ft

Description

Chittenden County Investment Opportunity - side by side townhouse style duplex with ample parking located on a quiet street. Both units feature 2 bedrooms, private entrances, 1 full bath, and two stories of living. The kitchens are large enough to accomadate a dining room table with a private side deck. Recent upgrades include vinyl plank flooring and newer bathrooms. Private backyard, each unit rents for $1,150 per month with separate heat and electricity. 7.38% cap rate.Chittenden County Investment Opportunity - side by side townhouse style duplex with ample parking located on a quiet street. Both units feature 2 bedrooms, private entrances, 1 full bath, and two stories of living. The kitchens are large enough to accomadate a dining room table with a private side deck. Recent upgrades include vinyl plank flooring and newer bathrooms. Private backyard, each unit rents for $1,150 per month with separate heat and electricity. 7.38% cap rate.

    Sold By KW Vermont

    • Listed by: Nick Riina • Rossi & Riina Real Estate
    Listing closed: 03/13/2018 12:00 AM • Source: New England Real Estate Network, MLS#: 4674338

    Recent comparable sales

    Median sold price

    $305,000

    Avg days on market

    27

    Sale-to-list ratio

    96.2%

    Milton, VT

    9 comparable properties found

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    1/49
    1

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    Square Feet
    0.59
    Acres

    10-12 Lamoille Terrace, Milton, VT 05468

    $170,000 | 11 Mansfield Road, Milton, VT 05468
    1/25
    2

    $170,000

    Sold 05/29/25

    4
    Bedrooms
    1,508
    Square Feet
    0.1
    Acres

    11 Mansfield Road, Milton, VT 05468

    $300,000 | 70 Railroad Street, Milton, VT 05468
    1/31
    3

    $300,000

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    70 Railroad Street, Milton, VT 05468

    $539,900 | 21 Railroad Street, Milton, VT 05468
    1/36
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    $539,900

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    Square Feet
    0.25
    Acres

    21 Railroad Street, Milton, VT 05468

    $198,000 | 425 Taylor Street, Milton, VT 05468
    1/33
    5

    $198,000

    Sold 06/05/26

    3
    Bedrooms
    1,568
    Square Feet
    Unavailable
    Acres

    425 Taylor Street, Milton, VT 05468

    $445,000 | 77 Hobbs Road, Milton, VT 05468
    1/33
    6

    $445,000

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    1,920
    Square Feet
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    77 Hobbs Road, Milton, VT 05468

    $300,000 | 103-107 Orchard Row, Milton, WI 53563
    7

    $300,000

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    103-107 Orchard Row, Milton, WI 53563

    $305,000 | 224 West Milton Road, Milton, NY 12020
    1/32
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    $305,000

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    1.64
    Acres

    224 West Milton Road, Milton, NY 12020

    $429,900 | 294 Poor Farm Road, Milton, VT 05468
    1/43
    9

    $429,900

    Sold 08/21/26

    4
    Bedrooms
    1,768
    Square Feet
    1.18
    Acres

    294 Poor Farm Road, Milton, VT 05468

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    $1,526 per month

    30 year fixed, 6.55% Interest

    Principal and Interest

    $1,179

    Property Taxes

    $347

    HOA Dues

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    Property Information for 38-40 Ritchie Avenue

    Property Details
    Building Information
    • Stories: 2
    • Residences: 2
    • Year Built: 1981
    • Lot Size: 0.29 AC / 12,632 SF
    Summary
    Location and General Information
    • City: Milton
    • County: VT-Chittenden
    • Directions: 189 to Exit 17, take Route 7 north for 5.4 miles, Ritchie Ave on your left, property on your left - see sign.
    • Road Frontage: Yes
    • Seasonal: No
    • State: VT
    • Street Designation: Avenue
    • Zip: 05468
    Taxes and HOA Information
    • Tax Expenses: $4,164.00
    • SPAN Number: 396-123-13992
    • Tax - Gross Amount: $4,164.63
    • Tax Year: 2018
    • Taxes TBD: No
    School Information
    • School - High: Milton Senior High School
    • School - District: Milton
    • School - Elementary: Milton Elementary School
    • School - Middle/Jr: Milton Jr High School
    Parking
    • Garage: No
    • Driveway: Gravel
    Property
    Lot Information
    • Lot - Sqft: 12632.0
    • Lot Size Acres: 0.29
    • Road Frontage Length: 20.0
    • Square Feet Apx Finished Above Grade: 873.0
    • Square Feet Apx Finished AG Source: Public Records
    • Square Feet Apx Finished Below Grade: 864.0
    • Square Feet Apx Finished BG Source: Public Records
    • Square Feet Apx Total: 1737.0
    • Square Feet Apx Total Finished: 1737.0
    • Square Feet Apx Unfinished Above Grade: 0.0
    • Square Feet Apx Unfinished AG Source: Public Records
    • Square Feet Apx Unfinished Below Grade: 0.0
    • Square Feet Apx Unfinished BG Source: Public Records
    Property and Assessments
    • Property Class: Multi-Family
    • Easements: Yes
    • Flood Zone: No
    • Foundation: Block
    • PreConstruction: No
    • Surveyed: Unknown
    • Year Built: 1981
    Utilities
    • Electric Company: GMP
    • Cable Company: Comcast
    • Fuel Company: Choice
    • Electric: Circuit Breaker(s)
    • Sewer: Public
    • Total Gas Meters: 2
    • Total Electric Meters: 2
    • Separate Utilities: Yes
    Interior and Exterior Features
    Exterior Features
    • Color: yellow
    • Roads: Paved
    • Roof: Shingle
    • Total Ranges: 2
    Interior Features
    • Basement: Yes
    • Basement Access Type: Interior
    • Basement Description: Full
    • Total Full Baths: 2
    • Heat Fuel: Gas - LP/Bottle
    • Heating: Wall Furnace
    • Cooling: None
    • Total Refrigerators: 2
    • Total Rooms Above Ground: 4
    • Total Stories: 2
    • Total Water Heaters: 2
    Multi Family
    Income & Expenses Information
    • Gross Income: $27,600.00
    • Expenses - Annual: $10,265.00
    • Expenses - Insurance: $1,988.00
    • Expenses - Management: $.00
    • Expenses - Heat: $0
    • Expense - Utility: $0
    • Expenses - Maintenance: $1,200
    • Expenses - Snow: $1,080
    • Net Income: $17,334.00
    • Expenses - Trash: $633.00
    • Expenses - Water: $1,200.00
    • Expenses - Miscellaneous: $.00
    • Operating Expense Incl: Insurance, Maintenance, Other, Snow Removal, Trash, Water/Sewer
    • Operating Expense: $10,265
    Multi-Family Information
    • Total Units: 2
    • Total 1 BR Units: 0
    • Total 2 BR Units: 2
    • Total 3+ BR Units: 0
    • Total Heat Units: 2
    Unit Information
    Unit 1
    • Unit 1 Style: townhouse
    • Unit 1 Baths: 1
    • Unit 1 Bedrooms: 2
    • Unit 1 Rental Agremnt: Yes
    • Unit 1 Lease Term: Annual
    • Unit 1 Level Number: 38
    • Unit 1 Rental Amt Freq: Monthly
    • Unit 1 Status: Leased
    • Unit 1 Apx Sqft: 864.0
    • Unit 1 Rooms: 4
    • Unit 1 Rental Amount: $1,150.00
    • Unit 1 Tenant Pays: Electric, Heat
    Unit 2
    • Unit 2 Lease Term: Annual
    • Unit 2 Style: townhouse
    • Unit 2 Baths: 1
    • Unit 2 Rooms: 4
    • Unit 2 Rental Agremnt: Yes
    • Unit 2 Status: Leased
    • Unit 2 Level Number: 40
    • Unit 2 Rental Amt Freq: Monthly
    • Unit 2 Apx Sqft: 864.0
    • Unit 2 Bedrooms: 2
    • Unit 2 Rental Amount: $1,150.00
    • Unit 2 Tenant Pays: Electric, Heat
    Rental
    Rent Information
    • Total Leases: 2

    Property History for 38-40 Ritchie Avenue

    DateEvent & SourcePriceAppreciation
    Mar 13, 2018

    Sold

    New England Real Estate Network #4674338

    		$232,000—
    Jan 30, 2018

    Pending

    New England Real Estate Network #4674338

    		—
    Jan 24, 2018

    Listed (Active)

    New England Real Estate Network #4674338

    		$235,000—
    DateEvent & SourcePrice
    03/13/2018

    Sold

    New England Real Estate Network #4674338

    $232,000
    01/30/2018

    Pending

    New England Real Estate Network #4674338

    —
    01/24/2018

    Listed (Active)

    New England Real Estate Network #4674338

    $235,000

    For completeness, we often displays two records for one sale: the MLS record and the public record.

    Public Records for 38-40 Ritchie Avenue

    Taxable ValueLand$78,700Additions$193,800Total$272,500
    Tax Record2023$4,913 ($409 / month)
    Home Facts
    Beds2Total Finished SqFt873 SqFtAbove Grade Finished SqFt873 SqFtUnfinished Basement SqFt116 SqFtStories1Lot Size12,632 SqFtStyleSingle Family ResidenceYear Built1981CountyCHITTENDENAPN(123) 132010.001000

    Schools near 38-40 Ritchie Avenue

    This home is within Milton School District.
    Rating
    School
    Type
    Grades
    Distance
    Milton Elementary School
    		Public - PK to 4
    Milton Middle School
    		Public - 5 to 8
    Milton Senior High School
    		Public - 9 to 12
    Rating
    School
    Distance
    Milton Elementary School
    PublicPK to 4

    Milton Middle School
    Public5 to 8

    Milton Senior High School
    Public9 to 12

    School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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    Nearby home values

    AddressSold priceBedsBathsSqftLot (Sqft)
    This home: 38-40 Ritchie Avenue, Milton, VT 05468
    $232,000
    4
    1,737
    12,632
    38 Ritchie Avenue, Unit 40, Milton, VT 05468
    $232,000
    2
    –
    873
    12,632
    30 Ritchie Avenue, Milton, VT 05468
    –
    5
    –
    1,728
    –
    42 Ritchie Avenue, Unit 44, Milton, VT 05468
    $303,400
    4
    –
    873
    54,450
    35 Ritchie Avenue, Milton, VT 05468
    $455,000
    3
    1,485
    21,780
    45 Ritchie Avenue, Milton, VT 05468
    $129,000
    2
    –
    850
    21,780

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    Listing Courtesy of Rossi & Riina Real Estate

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