NOT LISTED FOR SALE

103 Silver Maple Ln Farmington, ME 04938

Farmington Area
-- Bed
5 Baths
3,900 Sq Ft
0.5 Acre Lot

Sale Details

Date Sold: May 12, 2022

Last sale price $113,000 $29 Per Sq Ft

20 Days on Market

Highlights

  • Cape Cod Architecture
  • Attic
  • No HOA
  • Deck
  • Corner Lot
  • Porch

About This Home

As of May 2022

Great 5-unit income producing property for sale! Close to downtown and the University. Seller has made a lot of improvements, see attached documents. This is a perfect property for an investor or owner occupied! Work to be done:
September began installing new forced air furnace to heat Apt 4 and 5 (not yet completed)
Removal of asbestos siding is scheduled for week of Feb 7.

Last Agent to Sell the Property

Marc Fishman

Keller Williams Realty Brokerage Phone: 207-775-6561 Listed on: 01/21/2022

Keller Williams Realty

Co-Listed By

Christopher Collins

Keller Williams Realty Brokerage Phone: 207-775-6561

Last Buyer's Agent

Dan Nash

Coldwell Banker Sandy River Realty

Coldwell Banker Sandy River Realty
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,377

Year Built

  • Built in 1921

Lot Details

  • 21,780 Sq Ft Lot
  • Corner Lot
  • Level Lot

Parking

  • 2 Car Garage
  • Gravel Driveway

Home Design

  • Cape Cod Architecture
  • Wood Frame Construction
  • Composition Roof
  • Metal Roof

Interior Spaces

  • 3,900 Sq Ft Home
  • Storage
  • Attic

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 5 Full Bathrooms
  • Bathtub
  • Shower

Basement

  • Walk-Out Basement
  • Exterior Basement Entry
  • Dirt Floor

Outdoor Features

  • Deck
  • Outbuilding
  • Porch

Utilities

  • No Cooling
  • Forced Air Zoned Heating System
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Natural Gas Not Available

Listing and Financial Details

  • Tax Lot 43A
  • Assessor Parcel Number FARN-000000-U000010-000043-A000000

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $13,781
  • Gross Income $37,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,377

Year Built

Built in 1921

Lot Details

0.5 Acres

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.5
  • Co List Office Phone: 207-879-9800
  • MLS Status: Closed
  • Directions: GPS friendly. Rt 2 (Farmington Falls Rd) to Maple Ave. to Silver Maple Lane, which is the first right. #103 is on the corner of Maple Ave. and Silver Maple Ln.
  • Above Grade Finished Sq Ft: 3900.0
  • Architectural Style: Cape
  • Garage Yn: Yes
  • Year Built: 1921
  • Attribution Contact: 207-775-6561
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 44.85
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.5
  • Property Information:Total Baths: 5.0
  • Property Information:SqFt Finished Above Grade: 3900.0
  • Property Information:Garage: Yes
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Heat Fuel:Oil: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Style:Cape: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Amenities:Storage: Yes
  • Property Information:Garage Spaces: 2.0
  • Amenities:Shower: Yes
  • Roof:Metal: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Roof:Composition2: Yes
  • Property Information:Number of Units: 5
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 37500.0
  • Income Expenses Operating Expenses: 13781.09
  • Amenities:Bathtub: Yes
  • Basement:Dirt Floor: Yes
  • Amenities:Attic: Yes
  • Driveway:Gravel: Yes
  • Basement Entry:Exterior Only: Yes
  • Other Structures:Out Building: Yes
  • Advertising Remarks:Advertising Remarks: Great 5-unit income producing property for sale! Close to downtown and the University. Seller has made a lot of improvements, see attached documents. Seller is having asbestos removed from the siding on Feb 27. This is a perfect property for an investor or owner occupied!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Dirt Floor, Walk-Out Access, Exterior Only
  • Full Bathrooms: 5
  • Flooring: Vinyl, Other, Laminate
  • Interior Amenities: Attic, Bathtub, Shower, Storage

Exterior Features

  • Lot Features: Corner Lot, Level, Near Town, Neighborhood
  • Waterfront: No
  • Construction Type: Other Exterior, Wood Frame
  • Other Structures: Outbuilding
  • Patio And Porch Features: Deck, Porch
  • Roof: Composition, Metal
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: 5 - 10 Spaces, Gravel

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Air
  • 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: 21780.0
  • Parcel #: FARN-000000-U000010-000043-A000000
  • Zoning: VR-Res

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 37500.0
  • Annual Operating Expense: 13781.09

Tax Info

  • Tax Annual Amount: 2376.96
  • Tax Lot: 43A
  • Tax Year: 2021

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2022
Closed on
May 11, 2022
Sold by
Bought by
Seller's Agent
Marc Fishman
Keller Williams Realty
Buyer's Agent
Dan Nash
Coldwell Banker Sandy River Realty
List Price
$174,900
Sold Price
$113,000
Premium/Discount to List
-$61,900
-35.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,400
Outstanding Balance
$84,183
Interest Rate
4.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Nov 28, 2016
Closed on
Dec 21, 2018
Sold by
Bought by
Seller's Agent
Susi Pearson
Allied Realty
Buyer's Agent
Susi Pearson
Allied Realty
List Price
$212,000
Sold Price
$120,650
Premium/Discount to List
-$91,350
-43.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.92%
Original Mortgage
$105,650
Interest Rate
4.8%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase 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 Buyer Sale Price Title Company
$113,000 None Available
-- --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $90,400
Previous Owner $102,961
Previous Owner $105,650
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
05/12/2022 05/12/22 Sold $113,000 -35.4% $29 / Sq Ft
02/11/2022 02/11/22 Pending -- -- --
01/21/2022 01/21/22 For Sale $174,900 +45.0% $45 / Sq Ft
12/27/2018 12/27/18 Sold $120,650 -43.1% $31 / Sq Ft View Prior Sale
10/07/2018 10/07/18 Pending -- -- --
11/28/2016 11/28/16 For Sale $212,000 -- $54 / 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 $3,018 $287,400 $58,300 $229,100
2024 $2,656 $123,800 $30,000 $93,800
2023 $2,465 $123,800 $30,000 $93,800
2022 $2,228 $123,800 $30,000 $93,800
2021 $2,377 $123,800 $30,000 $93,800
2020 $2,443 $124,000 $30,000 $94,000
2019 $2,478 $124,000 $30,000 $94,000
2018 $2,427 $124,000 $30,000 $94,000
2017 $2,473 $124,000 $30,000 $94,000
2016 $2,391 $124,000 $30,000 $94,000
2015 $2,331 $124,000 $30,000 $94,000
2014 $2,144 $123,800 $30,000 $93,800
2013 $1,950 $123,800 $30,000 $93,800
Source: Public Records

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Map

Source: Maine Listings

MLS Number: 1518390

Maine Listings
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