Italianate Gem

  • $775,000
37 South Main Street, Wallingford, Rutland County, Vermont, 05773, United States
For Sale National Register of Historic Places

Italianate Gem

37 South Main Street, Wallingford, Rutland County, Vermont, 05773, United States
  • $775,000

Description

I.B. Munson House is an architecturally stunning 1856 Italianate Mansion that has been authentically restored, impeccably maintained and exquisitely furnished combining the charm and grace of a past era with the amenities expected of a present day, upscale Bed & Breakfast Inn. I.B. Munson HOuse is an exemplary tribute to the Italianate architectural style from its classic exterior facade to its exquisite interior features. The mansion boasts 12’ ceilings with ornate crown moldings, deeply recessed floor to ceiling arched windows framed with period moldings, intricately handcrafted fireplace mantles, period built-ins, raised panel doors with period hardware, vintage brass and glass and crystal chandeliers and beautifully refinished, original wide plank floors throughout.
There are five guest rooms and suites with private baths, plus an additional two first floor rooms with en suite baths that could be used as guest rooms with proper permitting. A detached Carriage House is used as a 3-season recreation room with vintage bar, pool table and comfortable seating for inn guests. The Carriage House would make a fabulous owners’ house. Rarely does an inn of this quality come on the market in this price range.

The I.B. Munson House has been operated on a very part-time basis for 20 years. Based on other inns along the desirable Rt. 7 corridor, annualized occupancy can be expected to be in the 38% to 50% range depending on the level of marketing to which new owners choose to invest. Current owners have received rave reviews and repeat business using Booking.com and TripAdvisor as their “go to” OTA’s.
I.B. Munson House is being offered with all of its fine furnishings as a “turn key” Bed and Breakfast business. This offering includes a beautifully designed website with ResNexus reservation software in place providing online booking capability for lodging guests and easy management and oversight for owners.

Details

Property ID
299123
7
Bedrooms
7
Bathrooms
Square Footage
4478
Lot Size
0.45
Year Built
1856
Style
Italianate
Updated on July 26, 2021 at 7:56 am

Address

  • Address 37 South Main Street
  • City Wallingford
  • State Vermont
  • Zip/Postal Code 05773

Contact Agent

Pamela Long
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