NOT LISTED FOR SALE
-- Bed
6.5 Baths
2,975 Sq Ft
0.64 Acres

Last Sold July 10, 2024

Last sale price $857,000 $288 Per Sq Ft

71 Days on Market

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 Agent to Sell the Property

Brit Vitalius

Vitalius Real Estate Group, LLC Listed on: 05/03/2024

Co-Listed By

Chris Sullivan

Vitalius Real Estate Group, LLC

Last Buyer's Agent

Johnathan Finch

Coldwell Banker Realty

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,815

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.64
  • Road Surface Type: Paved
  • Co List Office Mls Id: 2698
  • Co List Office Phone: 207-541-3755
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 2975.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1910
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.64
  • Property Information:Total Baths: 7.0
  • Property Information:SqFt Finished Above Grade: 2975.0
  • Property Information:Garage: No
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: 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
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Property Information:Number of Units: 4
  • Income Expenses Gross Income: 85572.0
  • Income Expenses Operating Expenses: 27335.0
  • Style:Multi-Level: Yes
  • Exterior:Wood Siding: Yes
  • Driveway:Gravel: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Flooring: Wood
  • Full Basement: Yes

Exterior Features

  • Lot Features: Open Lot, Near Shopping, Near Turnpike/Interstate, Near Town
  • Waterfront: No
  • Construction Type: Wood Siding, Wood Frame
  • Roof: Shingle

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Electric: 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: 27878.4
  • Parcel #: FPRT-000009-000006-D000000
  • Zoning: Village Commercial

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 85572.0
  • Annual Operating Expense: 27335.0

Tax Info

  • Tax Annual Amount: 7815.0
  • Tax Block: 6D
  • Tax Book Number: 33693
  • Tax Lot: 0
  • Tax Map Number: 9
  • Tax Year: 2024

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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
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

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1585085

Maine Listings