NOT LISTED FOR SALE

Estimated Value: $189,000 - $232,000

5 Beds
3 Baths
2,677 Sq Ft
$79/Sq Ft Est. Value

Sale Details

Date Sold: May 23, 2024

Last sale price $185,000 $69 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $1,375 / mo

Highlights

  • Colonial Architecture
  • Corner Lot
  • Forced Air Heating System
  • Wood Flooring
  • No HOA
  • Baseboard Heating

About This Home

As of May 2024

Sitting on n a corner lot in Madison this 3 unit is fully occupied and ready to be your next investment. It has just undergone a full abatement, new windows, doors, paint. Both Unit 1 and Unit 2 have been repainted and updated. Tenants require 48 hour notice.

Last Agent to Sell the Property

Hope Allain-Boyce

Coldwell Banker Realty Listed on: 04/22/2024

Coldwell Banker Realty

Last Buyer's Agent

Corey Lee

Real Broker

Real Broker

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,832

Year Built

  • Built in 1900

Lot Details

  • 7,841 Sq Ft Lot
  • Corner Lot

Home Design

  • Colonial Architecture
  • Post and Beam
  • Slab Foundation
  • Metal Roof
  • Concrete Fiber Board Siding
  • Asbestos Siding
  • Vinyl Siding
  • Asbestos

Interior Spaces

  • 3 Full Bathrooms
  • 2,677 Sq Ft Home
  • Wood Flooring

Basement

  • Interior Basement Entry
  • Dirt Floor

Parking

  • Common or Shared Parking
  • Shared Driveway

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available

Listing and Financial Details

  • Tax Lot 146
  • Assessor Parcel Number MADN-000021-000000-000146

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $10,000
  • Gross Income $14,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,832

Year Built

Built in 1900

Lot Details

7,841 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.18
  • MLS Status: Closed
  • Directions: GPS friendly
  • Above Grade Finished Sq Ft: 2677.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Structure Type: Post & Beam
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 69.11
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.18
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2677.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Roof:Metal: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 3
  • Income Expenses Gross Income: 14000.0
  • Income Expenses Operating Expenses: 10000.0
  • Style:Colonial: Yes
  • Basement:Dirt Floor: Yes
  • Basement:Slab2: Yes
  • Exterior:Fiber Cement: Yes
  • Exterior:Asbestos: Yes
  • Electric:Fuses: Yes
  • Advertising Remarks:Advertising Remarks: On a corner lot in Madison this 3 unit is fully occupied and ready to be your next investment. It has just undergone a full abatement, new windows, doors, paint. Both Unit 1 and Unit 2 have been repainted and updated. Tenants require 48 hour notice.
  • Structure Type Post Beam2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Interior, Dirt Floor
  • Full Bathrooms: 3
  • Flooring: Wood

Exterior Features

  • Lot Features: Corner Lot, Near Town
  • Waterfront: No
  • Construction Type: Vinyl Siding, Fiber Cement, Asbestos, Other
  • Foundation Details: Slab
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Common

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Forced Air, Baseboard
  • Heating Yn: Yes
  • Electric: Fuses, Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7840.8
  • Parcel #: MADN-000021-000000-000146
  • Zoning: RESidential

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 14000.0
  • Annual Operating Expense: 10000.0

Tax Info

  • Tax Annual Amount: 1832.0
  • Tax Lot: 146
  • Tax Year: 2023

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2024
Closed on
May 23, 2024
Sold by
Bought by
Seller's Agent
Hope Allain-Boyce
Coldwell Banker Realty
Buyer's Agent
Corey Lee
Real Broker
List Price
$185,000
Sold Price
$185,000
Views
7
Current Estimated Value
$211,919

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,919
Avg. Annual Appreciation
6.25%
Original Mortgage
$185,000
Outstanding Balance
$180,839
Interest Rate
6.88%
Mortgage Type
VA
Estimated Equity
$31,080

Purchase Details

Listed on
Mar 1, 2021
Closed on
Apr 9, 2021
Sold by
Bought by
Seller's Agent
Aaron Bolster
Allied Realty
Buyer's Agent
Hope Allain-Boyce
RE/MAX At Home
List Price
$95,000
Sold Price
$88,500
Premium/Discount to List
-$6,500
-6.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.66%
Original Mortgage
$66,375
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jul 14, 2020
Closed on
Oct 27, 2020
Sold by
Bought by
Seller's Agent
Aaron Bolster
Allied Realty
Buyer's Agent
Aaron Bolster
Allied Realty
List Price
$89,000
Sold Price
$50,000
Premium/Discount to List
-$39,000
-43.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
255.67%
Original Mortgage
$40,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2020
Sold by
Bought by

Purchase Details

Closed on
May 20, 2020
Sold by
Bought by

Purchase Details

Closed on
Dec 26, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 23, 2018
Sold by
Bought by

Purchase Details

Closed on
Nov 12, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
3.87%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Madison, ME

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$185,000 Misc Company
-- None Available
-- None Available
-- None Available
-- None Available
-- --
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $185,000
Previous Owner $66,375
Closed $40,000
Previous Owner $190,000
Previous Owner $76,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/23/2024 05/23/24 Sold $185,000 0.0% $69 / Sq Ft
04/23/2024 04/23/24 Pending -- -- --
04/22/2024 04/22/24 For Sale $185,000 +109.0% $69 / Sq Ft
04/09/2021 04/09/21 Sold $88,500 -6.8% $33 / Sq Ft View Prior Sale
03/11/2021 03/11/21 Pending -- -- --
12/07/2020 12/07/20 For Sale $95,000 +90.0% $35 / Sq Ft
10/27/2020 10/27/20 Sold $50,000 -43.8% $22 / Sq Ft View Prior Sale
09/21/2020 09/21/20 Pending -- -- --
07/14/2020 07/14/20 For Sale $89,000 -- $38 / Sq Ft
Source: Maine Listings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,550 $178,300 $29,400 $148,900
2024 $2,041 $126,800 $26,100 $100,700
2023 $1,832 $109,700 $22,100 $87,600
2022 $1,731 $93,100 $17,500 $75,600
2021 $1,724 $88,800 $16,600 $72,200
2020 $1,815 $85,400 $16,600 $68,800
2019 $1,798 $84,600 $16,500 $68,100
2018 $1,819 $84,600 $16,500 $68,100
2017 $1,819 $84,600 $16,500 $68,100
2016 $1,777 $84,600 $16,500 $68,100
2015 $1,650 $84,600 $16,500 $68,100
2014 $1,650 $84,600 $16,500 $68,100
2013 $1,483 $84,600 $16,500 $68,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1586996

Maine Listings

APN: MADN-000021-000000-000146

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