J
Seller's Agent in 2025
Joshua Herlihy
Bearfoot Realty
(207) 754-5903
6 in this area
24 Total Sales
1 N Main St Mechanic Falls, ME 04256
--
Bed
3
Baths
2,800
Sq Ft
1,742
Sq Ft Lot
Highlights
- Water Views
- Colonial Architecture
- Main Floor Bedroom
- River Nearby
- Wood Flooring
- Attic
About This Home
As of May 2025Fully occupied and cash flowing property with established tenants who have an excellent rental history. This well built property has received over $150k in renovations and is turnkey. Updates involve 2 full unit remodels from the studs out and a new roof in 2023. Beautiful small town location on the river right beside the dam (not a flood zone) and across the street from a grassy park. Easy walking distance to several restaurants, grocery, convenience, schools, hardware, etc... An excellent choice for investment portfolio or choose to live very affordably with a potential owner occupancy. Opportunity exists to increase revenues including finishing 3rd floor for additional unit with town approval. Group showings 3/15 from 2-3:30pm.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,438
Year Built
- Built in 1900
Lot Details
- 1,742 Sq Ft Lot
- Corner Lot
Home Design
- Colonial Architecture
- Brick Foundation
- Concrete Foundation
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 2,800 Sq Ft Home
- Water Views
- Washer and Dryer Hookup
- Attic
Flooring
- Wood
- Laminate
- Vinyl
Bedrooms and Bathrooms
- Main Floor Bedroom
- 3 Full Bathrooms
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
Parking
- Common or Shared Parking
- Gravel Driveway
- Shared Driveway
- On-Street Parking
- Off-Street Parking
- Assigned Parking
Accessible Home Design
- Doors are 36 inches wide or more
- Accessible Approach with Ramp
Outdoor Features
- River Nearby
- Shed
Location
- City Lot
Utilities
- No Cooling
- Zoned Heating
- Heating System Uses Oil
- Baseboard Heating
- Hot Water Heating System
- Natural Gas Not Available
- Oil Water Heater
- Internet Available
Listing and Financial Details
- Tax Lot 96
- Assessor Parcel Number MECH-000019-000000-000096
Community Details
Overview
- No Home Owners Association
- 3 Units
Pet Policy
- No Dogs Allowed
Building Details
- Operating Expense $17,075
- Gross Income $60,360
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 6, 2025
Closed on
May 21, 2025
Sold by
Chara Properties Llc
Bought by
Grant Denver M
Seller's Agent
Joshua Herlihy
Bearfoot Realty
Buyer's Agent
Argelis Garcia
Coldwell Banker Realty
List Price
$409,000
Sold Price
$399,000
Premium/Discount to List
-$10,000
-2.44%
Views
10
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.85%
Original Mortgage
$391,773
Outstanding Balance
$391,773
Interest Rate
6.62%
Mortgage Type
FHA
Estimated Equity
$9,047
Purchase Details
Closed on
Mar 25, 2019
Sold by
Hemond Richard R
Bought by
Chara Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,600
Interest Rate
4.4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 5, 2018
Sold by
Hodgdon-Hemond Cindy and Hemond Richard R
Bought by
Hemond Richard R
Purchase Details
Closed on
May 1, 2017
Sold by
White Holly A
Bought by
Hodgdon-Hemond Cindy and Hemond Richard R
Purchase Details
Closed on
May 30, 2014
Sold by
Pathways Inc
Bought by
Roy Holly
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $399,000 | None Available | |
| Warranty Deed | $399,000 | None Available | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $391,773 | FHA | |
| Closed | $391,773 | FHA | |
| Previous Owner | $125,600 | New Conventional | |
| Previous Owner | $150,000 | Unknown | |
| Previous Owner | $140,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/21/2025 05/21/25 | Sold | $399,000 | 0.0% | $143 / Sq Ft |
| 04/04/2025 04/04/25 | Pending | -- | -- | -- |
| 04/02/2025 04/02/25 | Price Changed | $399,000 | -2.4% | $143 / Sq Ft |
| 03/06/2025 03/06/25 | For Sale | $409,000 | -- | $146 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
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 | $2,749 | $288,182 | $35,800 | $252,382 |
| 2023 | $2,749 | $288,182 | $35,800 | $252,382 |
| 2022 | $2,749 | $123,549 | $10,560 | $112,989 |
| 2021 | $2,669 | $123,549 | $10,560 | $112,989 |
| 2020 | $2,650 | $123,549 | $10,560 | $112,989 |
| 2019 | $2,588 | $123,549 | $10,560 | $112,989 |
| 2018 | $2,539 | $116,486 | $10,560 | $105,926 |
| 2017 | $2,563 | $116,486 | $10,560 | $105,926 |
| 2016 | -- | $116,486 | $10,560 | $105,926 |
| 2015 | -- | $116,486 | $10,560 | $105,926 |
| 2014 | -- | $116,486 | $10,560 | $105,926 |
Source: Public Records
Agents Affiliated with this Home
-
Joshua Herlihy
-
Argelis Garcia
A
Buyer's Agent in 2025
Argelis Garcia
Coldwell Banker Realty
(207) 332-4437
1 in this area
19 Total Sales
Map
Source: Maine Listings
MLS Number: 1615581
APN: 019-096-000-000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
Homes.com, LLC, 17600 Laguna Canyon Rd Irvine, CA 92618 (888)-952-6393
Nearby Homes
- 66 Mitchell St
- 91 Lewiston St
- 2 Purington Ave
- 7 Tirrell Ave
- 80 Star Dr
- 187 W Minot Rd
- 160 Maple Ln
- 138 Lane Rd
- 75 Stone Brooke Dr
- 125 Pigeon Hill Rd
- 107 Jackass Annie Rd
- 49 Winterbrook Rd
- 247 Poland Corner Rd
- 13 Bakerstown Rd
- 298 Main St
- 26 Jeffrey Rd
- 15 Scenic Heights Dr
- 14 Scenic Heights Dr
- 13 Scenic Heights Dr
- 12 Scenic Heights Dr