Seller's Agent in 2024
Brit Vitalius
Vitalius Real Estate Group, LLC
(207) 318-2555
5 in this area
176 Total Sales
1 Summer St Freeport, ME 04032
--
Bed
6.5
Baths
2,975
Sq Ft
0.64
Acres
Highlights
- Wood Flooring
- No HOA
- Open Lot
- Mast Landing School Rated A
- Baseboard Heating
- Wood Siding
About This Home
As of July 2024***Can't find a house? Start with a multi-family. Did you know that there is a new 5% down loan available to first time multi-family buyers? ***
This 4-family in the Freeport Village is a great opportunity for an owner occupant or long term investor. Once a Bed and Breakfast, the cozy units are now used as traditional year-round rentals. In addition to the outstanding location and walkability, the units have a funky charm which makes for comfortable homes for the residents. The building features ample parking, a shared laundry room, front and rear porches, and two new heating systems. The largest of the units has 3 bedrooms and 2.5 bathrooms with a private front porch. Also on the first floor you'll find a spacious 1 bedroom unit with floor-to-ceiling picture windows overlooking the backyard. The second floor has a 2 bedroom 2 bathroom unit along with a studio which could be combined with another unit, or utilized as a separate office, artist's space or any other number of uses. 1 Summer Street is ideally located for short or long term tenants with convenient access to the retail outlet shops, breweries and restaurants, and coffee and chocolate shops - all the freeport village has to offer.
Last Buyer's Agent
Johnathan Finch
Coldwell Banker Realty
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,815
Year Built
- Built in 1910
Lot Details
- 0.64 Acre Lot
- Open Lot
Parking
- Gravel Driveway
Home Design
- Wood Frame Construction
- Shingle Roof
- Wood Siding
Interior Spaces
- 2,975 Sq Ft Home
- Multi-Level Property
- Wood Flooring
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Utilities
- No Cooling
- Heating System Uses Gas
- Heating System Uses Oil
- Baseboard Heating
- Electric Water Heater
Listing and Financial Details
- Tax Block 6D
- Assessor Parcel Number FPRT-000009-000006-D000000
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- Operating Expense $27,335
- Gross Income $85,572
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/10/2024 07/10/24 | Sold | $857,000 | +0.9% | $288 / Sq Ft | |
| 06/07/2024 06/07/24 | Pending | -- | -- | -- | |
| 05/29/2024 05/29/24 | Price Changed | $849,000 | -3.0% | $285 / Sq Ft | |
| 05/03/2024 05/03/24 | Price Changed | $875,000 | -2.7% | $294 / Sq Ft | |
| 05/03/2024 05/03/24 | For Sale | $899,000 | 0.0% | $302 / Sq Ft | |
| 04/27/2024 04/27/24 | Pending | -- | -- | -- | |
| 04/08/2024 04/08/24 | For Sale | $899,000 | 0.0% | $302 / Sq Ft | |
| 04/07/2024 04/07/24 | Pending | -- | -- | -- | |
| 03/27/2024 03/27/24 | For Sale | $899,000 | +70.9% | $302 / Sq Ft | |
| 12/12/2016 12/12/16 | Sold | $526,000 | +0.2% | $177 / Sq Ft | View Prior Sale |
| 10/11/2016 10/11/16 | Pending | -- | -- | -- | |
| 10/07/2016 10/07/16 | For Sale | $525,000 | +26.5% | $176 / Sq Ft | |
| 07/13/2012 07/13/12 | Sold | $415,000 | -27.1% | $90 / Sq Ft | View Prior Sale |
| 05/10/2012 05/10/12 | Pending | -- | -- | -- | |
| 01/10/2011 01/10/11 | For Sale | $569,000 | -- | $124 / 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 | $8,559 | $641,100 | $278,800 | $362,300 |
| 2023 | $7,816 | $568,400 | $253,500 | $314,900 |
| 2022 | $7,387 | $541,200 | $226,300 | $314,900 |
| 2021 | $7,225 | $541,200 | $226,300 | $314,900 |
| 2020 | $7,288 | $520,600 | $209,600 | $311,000 |
| 2019 | $7,153 | $500,200 | $197,700 | $302,500 |
| 2018 | $6,491 | $454,700 | $177,600 | $277,100 |
| 2017 | $6,575 | $439,800 | $174,100 | $265,700 |
| 2016 | $6,339 | $401,200 | $155,900 | $245,300 |
Source: Public Records
Agents Affiliated with this Home
-
Brit Vitalius
-
Chris Sullivan
Seller Co-Listing Agent in 2024
Chris Sullivan
Vitalius Real Estate Group, LLC
(207) 730-0884
1 in this area
130 Total Sales
-
J
Buyer's Agent in 2024
Johnathan Finch
Coldwell Banker Realty
-
J
Buyer's Agent in 2024
Jonathan Finch
Coldwell Banker Realty
-
Monia Mukiza
Buyer Co-Listing Agent in 2024
Monia Mukiza
Coldwell Banker Realty
(207) 518-3662
1 in this area
4 Total Sales
-
A
Buyer's Agent in 2016
Ann Filipos
Coldwell Banker Realty
Map
Source: Maine Listings
MLS Number: 1585085
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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.
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