NOT LISTED FOR SALE

11 Hillcrest Rd Newcastle, ME 04553

Estimated Value: $456,652 - $629,000

4 Beds
3 Baths
2,460 Sq Ft
$214/Sq Ft Est. Value

Last Sold March 01, 2021

Last sale price $299,000 $122 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $3,267/month

79 Days on Market

Highlights

  • Nearby Water Access
  • Scenic Views
  • Wood Flooring
  • Great Salt Bay Community School Rated A-
  • Deck
  • New Englander Architecture

About This Home

As of March 2021

Here's a great opportunity to own a three-unit rental right in the heart of Newcastle. Live in one unit, rent out the other two or rent them all out! Right up the road from the renowned Lincoln Academy, this property is well located. The first level offers two bedrooms and one full bath, with large eat-in kitchen and large living/family room. Second level also offers two bedrooms and one full bath, large eat-in kitchen and large living/family room. Third level is a studio, with nice open space, one bedroom and one full bathroom. The first and second floor units have been recently tastefully remodeled while retaining some original features of the house, like beautiful wood floors and nice trim work. Three dedicated electric meters and three dedicated water heaters. Minutes to the twin villages of Newcastle and Damariscotta, with their lovely shops and excellent restaurants. Miles Memorial Hospital just a few miles away, as well as easy access to Route 1.

Last Agent to Sell the Property

Kirsten Ingram

Keller Williams Realty Brokerage Phone: 207-563-1003 Listed on: 09/29/2020

Keller Williams Realty

Co-Listed By

Patti Brown

Newcastle Realty Brokerage Phone: 207-563-1003

Last Buyer's Agent

Susan Smith-Riedel

RE/MAX Jaret & Cohn License #BR906171

RE/MAX Jaret & Cohn

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,124

Year Built

  • Built in 1900

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Has A Rolling Slope

Home Design

  • New Englander Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,460 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Scenic Vista Views
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 3 Full Bathrooms
  • Bathtub
  • Shower Only

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Parking

  • Gravel Driveway
  • On-Site Parking

Outdoor Features

  • Nearby Water Access
  • Deck

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
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 003
  • Assessor Parcel Number NEWC-000014-000000-000003

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $7,240
  • Gross Income $26,940

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,124

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.14
  • Road Surface Type: Paved
  • Co List Office Mls Id: 1434
  • Co List Office Phone: 207-563-1003
  • MLS Status: Closed
  • Directions: From downtown Newcastle, take Academy Hill Road. At the crest of the hill, take a left onto Hillcrest. Property is on the right side.
  • Above Grade Finished Sq Ft: 2460.0
  • Architectural Style: New Englander
  • Garage Yn: No
  • Efficiency: Ceiling Fans
  • Year Built: 1900
  • Attribution Contact: 207-563-1003
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.14
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2460.0
  • Property Information:Garage: No
  • 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 Fuel:Oil: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Water Heater:Gas: Yes
  • Exterior:Vinyl Siding: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:One-Floor Living: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 3
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 26940.0
  • Income Expenses Operating Expenses: 7240.0
  • Parking:On Site2: Yes
  • Amenities:Bathtub: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Driveway:Gravel: Yes
  • Site:RollingSloping: Yes
  • Property Information:Bank Owned REO: No
  • Energy Efficiency:Ceiling Fans: Yes
  • View:Scenic: Yes
  • Heat System:Direct Vent Heater: Yes
  • Style:New Englander: Yes
  • Building Info:_pound_ Floors3: 3
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Exterior Entry, Bulkhead, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Fireplace: No
  • Flooring: Wood, Vinyl, Tile, Laminate, Carpet
  • Interior Amenities: 1st Floor Bedroom, Bathtub, One-Floor Living, Shower
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Rolling Slope, Near Shopping, Near Town
  • View: Scenic
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Gravel, On Site

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Other Heat System, Multi-Zones, Forced Air, Direct Vent Heater, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Great Salt Bay CSD

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6098.4
  • Parcel #: NEWC-000014-000000-000003
  • Zoning: Village Residential

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 26940.0
  • Annual Operating Expense: 7240.0

Tax Info

  • Tax Annual Amount: 3124.0
  • Tax Book Number: 5110
  • Tax Lot: 003
  • Tax Map Number: 14
  • Tax Year: 2019

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Capitol 12 Llc $21,320
Closed Capitol 12 Llc $299,000
Closed Lee Henry G $163,500
Closed Lee Henry G $12,907
Closed Lee Henry G $163,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2021 03/01/21 Sold $299,000 0.0% $122 / Sq Ft
12/18/2020 12/18/20 Pending -- -- --
09/29/2020 09/29/20 For Sale $299,000 +61.6% $122 / Sq Ft
03/03/2017 03/03/17 Sold $185,000 -5.1% $94 / Sq Ft
01/26/2017 01/26/17 Pending -- -- --
05/04/2016 05/04/16 For Sale $195,000 -- $99 / 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 $5,088 $374,100 $98,600 $275,500
2023 $4,197 $262,300 $78,000 $184,300
2022 $4,171 $262,300 $78,000 $184,300
2021 $4,013 $262,300 $78,000 $184,300
2020 $3,124 $174,500 $61,600 $112,900
2019 $3,124 $174,500 $61,600 $112,900
2018 $3,124 $174,500 $61,600 $112,900
2017 $3,150 $174,500 $61,600 $112,900
2016 $3,150 $174,500 $61,600 $112,900
2015 $3,150 $174,500 $61,600 $112,900
2013 $2,775 $174,500 $61,600 $112,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1470696

Maine Listings

APN: NEWC-000014-000000-000003