NOT LISTED FOR SALE

1 Bridge St Porter, ME 04068

Estimated Value: $372,000

-- Bed
4 Baths
5,000 Sq Ft
$74/Sq Ft Est. Value

Last Sold October 12, 2021

Last sale price $150,000 $30 Per Sq Ft

Est. 148% increase in value since last sale

Current estimated payment $2,513/month

134 Days on Market

Highlights

  • 140 Feet of Waterfront
  • No HOA
  • Level Lot
  • Federal Architecture
  • Baseboard Heating
  • Vinyl Flooring

About This Home

As of October 2021

Investors, Entrepreneurs take note. This 4 unit/1 Commercial Unit property is highly visible from Route 25 at the Porter/Kezar Falls bridge.
The current commercial use is a Beauty Salon. Locate you business here and enjoy the benefit of rents from:
1- 3 Bedroom Unit
2- 2 Bedroom Units
1- 1 Bedroom Unit

Last Listed By

Steven Gourley

Real Broker Listed on: 02/07/2021

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,122

Year Built

  • Built in 1870

Lot Details

  • 0.39 Acre Lot
  • 140 Feet of Waterfront
  • River Front
  • Level Lot

Home Design

  • Federal Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Clap Board Siding
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 4 Full Bathrooms
  • Vinyl Flooring
  • Water Views

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • Gravel Driveway
  • Paved Parking

Location

  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Electric Water Heater
  • Septic System

Listing and Financial Details

  • Tax Lot 27
  • Assessor Parcel Number PORR-000001U-000000-000027

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $17,687
  • Gross Income $28,925

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,122

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.39
  • Road Surface Type: Paved
  • Water Body Name: Ossipee River
  • MLS Status: Closed
  • Directions: Located on the north side of the Ossipee River in Porter on Bridge Street at the Route 25 Bridge.
  • Above Grade Finished Sq Ft: 3800.0
  • Architectural Style: Federal
  • Garage Yn: No
  • Year Built: 1870
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.39
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 3800.0
  • Property Information:SqFt Finished Below Grade: 1200.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Water Heater:Electric2: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 4
  • Exterior:Clapboard: Yes
  • Income Expenses Gross Income: 28925.0
  • Income Expenses Operating Expenses: 17687.0
  • Parking:Paved3: Yes
  • Water Info:Waterfront Amount -: 140.0
  • Water Info:Water Frontage Owned -: 140.0
  • Driveway:Gravel: Yes
  • Sewer:Septic Existing on Site: Yes
  • Style:Federal: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Interior Entry, Walk-Out Access
  • Full Bathrooms: 4
  • Below Grade Sq Ft: 1200.0
  • Flooring: Vinyl
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Intown, Neighborhood
  • Waterfront Features: River
  • Waterfront: Yes
  • Construction Type: Clapboard, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Gravel, Paved

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Septic Existing on Site
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 16988.4
  • Parcel #: PORR-000001U-000000-000027
  • Zoning: Comm/Res

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 28925.0
  • Annual Operating Expense: 17687.0

Tax Info

  • Tax Annual Amount: 2122.0
  • Tax Book Number: 490
  • Tax Lot: 27
  • Tax Map Number: U01
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2021
Closed on
Oct 12, 2021
Sold by
Desroche Ronald J and Desroche Virginia M
Bought by
Bauneg Beg Holdings Llc
Seller's Agent
Steven Gourley
Real Broker
Buyer's Agent
John Airey
Keller Williams Coastal and Lakes & Mountains Realty
List Price
$193,500
Sold Price
$150,000
Premium/Discount to List
-$43,500
-22.48%
Total Days on Market
134
Current Estimated Value
$372,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$222,000
Avg. Annual Appreciation
29.16%
Original Mortgage
$30,000
Interest Rate
2.8%
Mortgage Type
Second Mortgage Made To Cover Down Payment

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bauneg Beg Holdings Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bauneg Beg Holdings Llc $450,000
Closed Bauneg Beg Holdings Llc $30,000
Closed Bauneg Beg Holdings Llc $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2021 10/12/21 Sold $150,000 -22.5% $30 / Sq Ft
06/22/2021 06/22/21 Pending -- -- --
02/07/2021 02/07/21 For Sale $193,500 -- $39 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $5,286 $444,169 $57,248 $386,921
2023 $2,291 $130,400 $21,400 $109,000
2022 $2,164 $130,387 $21,405 $108,982
2021 $2,164 $130,387 $21,405 $108,982
2020 $2,123 $130,387 $21,405 $108,982
2019 $2,197 $130,387 $21,405 $108,982
2018 $2,197 $130,387 $21,405 $108,982
2017 $2,164 $130,387 $21,405 $108,982
2016 $0 $130,387 $21,405 $108,982
2014 $2,018 $149,470 $48,425 $101,045
2013 $2,018 $149,470 $48,425 $101,045
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1481540

Maine Listings

APN: PORR-000001U-000000-000027