NOT LISTED FOR SALE

1 Summer St Freeport, ME 04032

-- Bed
6.5 Baths
2,975 Sq Ft
0.64 Acres Lot

Sale Details

Date Sold: July 10, 2024

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

71 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Baseboard Heating
  • Mast Landing School Rated A
  • Property is near shops
  • Open Lot

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

  • 27,878 Sq Ft Lot
  • Property fronts a freeway
  • 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

Location

  • Property is near shops

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

0.64 Acres

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.64
  • Road Surface Type: Paved
  • 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
  • Contract Information:List PriceSqFt: 285.38
  • 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
  • Advertising Remarks:Advertising Remarks: Rare 4-family in the Freeport Village. 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.
  • 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 Lot: 0
  • Tax Year: 2024
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $9,073 $655,100 $292,800 $362,300
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

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Map

Source: Maine Listings

MLS Number: 1585085

Maine Listings
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