NOT LISTED FOR SALE

1 Water St Caribou, ME 04736

Estimated Value: $317,425

-- Bed
20 Baths
6,102 Sq Ft
$52/Sq Ft Est. Value

Last Sold August 31, 2022

Last sale price $1,409,000 $231 Per Sq Ft

Current estimated payment $1,898/month

5 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Zoned Heating System
  • Open Lot
  • No HOA
  • Baseboard Heating
  • Lot Has A Rolling Slope

About This Home

As of August 2022

Investors take notice! You get this building plus 9 more. Yes, 10 buildings in two towns with a total of 51 rents for one money. Caribou Addresses: 1 Water St, 12 & 20 Vaughan St, 10 Lyndon St, 218 Sweden St and 15 Hillcrest Ave. Limestone Addresses: 23 Main St, 90 Pondview St, 4 Grand Falls Rd and 216 Access Hwy. Income and Expenses available Upon request.

Last Agent to Sell the Property

Frederick Dobbs

Dobbs Realty Listed on: 03/02/2022

Last Buyer's Agent

Jay Peavey

Realty of Maine

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,741

Year Built

  • Built in 1918

Lot Details

  • 3,920 Sq Ft Lot
  • Open Lot
  • Lot Has A Rolling Slope

Home Design

  • 6,102 Sq Ft Home
  • Brick Exterior Construction
  • Wood Frame Construction
  • Shingle Roof
  • Membrane Roofing
  • Metal Roof
  • Wood Siding
  • Vinyl Siding
  • Masonry

Flooring

  • Wood
  • Laminate
  • Vinyl

Unfinished Basement

  • Brick Basement
  • Interior and Exterior Basement Entry
  • Sump Pump

Parking

  • Common or Shared Parking
  • Gravel Driveway
  • Shared Driveway
  • Paved Parking
  • Off-Street Parking

Utilities

  • No Cooling
  • Forced Air Zoned Heating System
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Hot Water Heating System
  • Private Water Source
  • Water Heated On Demand
  • Oil Water Heater
  • Private Sewer

Additional Features

  • 20 Full Bathrooms
  • City Lot

Listing and Financial Details

  • Tax Lot 173
  • Assessor Parcel Number CARI-000031-000000-000173

Community Details

Overview

  • No Home Owners Association
  • 54 Units

Building Details

  • Operating Expense $163,717
  • Gross Income $397,798

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,741

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.09
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 6102.0
  • Architectural Style: Other Style
  • Garage Yn: No
  • Year Built: 1918
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.09
  • Property Information:Total Baths: 20.0
  • Property Information:SqFt Finished Above Grade: 6102.0
  • 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 System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Water Heater:On Demand: Yes
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Roof:Metal: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 54
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 397798.0
  • Income Expenses Operating Expenses: 163717.0
  • Exterior:Wood Siding: Yes
  • Sewer:Private Sewer: Yes
  • Basement:BrickMortar: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Site:RollingSloping: Yes
  • Water Heater:Oil2: Yes
  • Heat System:Direct Vent Heater: Yes
  • Basement:Sump Pump: Yes
  • Exterior:Brick: Yes
  • Roof:Membrane: Yes
  • Heat System:Direct Vent Furnace: Yes
  • Construction:Masonry: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Brick/Mortar, Sump Pump, Exterior Entry, Bulkhead, Interior Entry, Unfinished
  • Full Bathrooms: 20
  • Flooring: Wood, Vinyl, Laminate

Exterior Features

  • Lot Features: Open Lot, Rolling Slope, Intown
  • Waterfront: No
  • Construction Type: Wood Siding, Vinyl Siding, Brick, Masonry, Wood Frame
  • Roof: Membrane, Metal, Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, 5 - 10 Spaces, Gravel, Paved, Common, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Forced Air, Direct Vent Heater, Direct Vent Furnace, Baseboard, Hot Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer, Public Sewer
  • Utilities: Utilities On
  • Water Source: Private, Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3920.4
  • Parcel #: CARI-000031-000000-000173
  • Zoning: Commercial

Multi Family

  • Number Of Units Total: 54
  • Annual Gross Income: 397798.0
  • Annual Operating Expense: 163717.0

Tax Info

  • Tax Annual Amount: 2741.0
  • Tax Book Number: 3345/4838
  • Tax Lot: 173
  • Tax Map Number: 31
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2022
Closed on
Aug 31, 2022
Sold by
Fern Puay L
Bought by
Elizabeth Hekla Me Llc and John Hekla Me Llc
Seller's Agent
Frederick Dobbs
Dobbs Realty
Buyer's Agent
Jay Peavey
Realty of Maine
List Price
$1,985,000
Sold Price
$1,409,000
Premium/Discount to List
-$576,000
-29.02%
Current Estimated Value
$317,425

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,091,575
Avg. Annual Appreciation
-39.46%
Original Mortgage
$223,533
Interest Rate
5.54%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Elizabeth Hekla Me Llc $266,400 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Elizabeth Hekla Me Llc $223,533
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2022 08/31/22 Sold $1,409,000 -29.0% $231 / Sq Ft
03/08/2022 03/08/22 Pending -- -- --
03/02/2022 03/02/22 For Sale $1,985,000 -- $325 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

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 $2,579 $120,500 $15,000 $105,500
2023 $2,350 $120,500 $15,000 $105,500
2022 $2,741 $116,400 $13,000 $103,400
2021 $2,741 $116,400 $13,000 $103,400
2020 $2,741 $116,400 $13,000 $103,400
2019 $2,858 $116,400 $13,000 $103,400
2018 $2,759 $116,400 $13,000 $103,400
2017 $2,782 $116,400 $13,000 $103,400
2016 $2,666 $116,400 $13,000 $103,400
2015 $2,614 $116,400 $13,000 $103,400
2014 $2,596 $116,400 $13,000 $103,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1520822

Maine Listings

APN: CARI-000031-000000-000173