J
Seller's Agent in 2025
Joshua Herlihy
Bearfoot Realty
(207) 754-5903
6 in this area
20 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
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,272
Avg. Annual Appreciation
5.22%
Original Mortgage
$391,773
Outstanding Balance
$389,668
Interest Rate
6.62%
Mortgage Type
FHA
Estimated Equity
$19,604
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 | -- | -- | |
| 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 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
22 Total Sales
Map
Source: Maine Listings
MLS Number: 1615581
APN: 019-096-000-000
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