NOT LISTED FOR SALE

113 Lake Ave Farmington, ME 04938

-- Bed
7 Baths
3,000 Sq Ft
0.28 Acres

Last Sold March 14, 2024

Last sale price $395,000 $132 Per Sq Ft

74 Days on Market

Highlights

  • Nearby Water Access
  • No HOA
  • Level Lot
  • New Englander Architecture
  • Baseboard Heating
  • Carpet

About This Home

As of March 2024

6 UNIT APARTMENT BUILDING WITH ALL UNITS CURRENTLY LEASED OUT!!! This well maintained apartment buiilding is situated in the heart of Farmington's Downtown District on a quiet road just minutes (Walk, Bike or Drive) from everything. There is parking available on-site for all of the tenants as well as garbage disposal. This location is always in high demand for renters, both college students and professionals alike. This is just minutes from the Historic Downtown Business District, local and state educational campuses, both Fire and Police Departments, Franklin Memorial hospital and affiliated medical providers and retail clothing, food and beverage stores. All current lease expiration dates range from May to September of 2024. COME AND EXPLORE THE POSSIBILITIES!!!

Last Agent to Sell the Property

Andrew Hufnagel

Palmer Realty Group Brokerage Phone: 800-988-3055 Listed on: 10/27/2023

Last Buyer's Agent

Stewart Durrell

Coldwell Banker Sandy River Realty

Coldwell Banker Sandy River Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,197

Year Built

  • Built in 1875

Lot Details

  • 0.28 Acre Lot
  • Level Lot
  • Open Lot

Home Design

  • New Englander Architecture
  • Block Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 7 Full Bathrooms
  • 3,000 Sq Ft Home
  • 3-Story Property

Flooring

  • Carpet
  • Laminate

Basement

  • Partial Basement
  • Interior Basement Entry

Parking

  • Gravel Driveway
  • On-Site Parking

Outdoor Features

  • Nearby Water Access
  • River Nearby

Utilities

  • No Cooling
  • Heating System Uses Propane
  • Baseboard Heating
  • Hot Water Heating System
  • Electric Water Heater
  • Internet Available

Listing and Financial Details

  • Tax Lot 149
  • Assessor Parcel Number FARN-000000-U000013-000149

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • Operating Expense $19,900
  • Gross Income $61,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,197

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.28
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From the intersection of Upper Broadway and High Street in the Farmington Downtown, follow High Street East 1/2 mile to Lake Ave on the left. Building is on the right.
  • Above Grade Finished Sq Ft: 3000.0
  • Architectural Style: New Englander
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1875
  • Attribution Contact: 800-988-3055
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.28
  • Property Information:Total Baths: 7.0
  • Property Information:SqFt Finished Above Grade: 3000.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • 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:Hot Water: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Floors:Laminate: Yes
  • Basement:Partial: Yes
  • Property Information:Number of Units: 6
  • Foundation Materials:Stone: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 61200.0
  • Income Expenses Operating Expenses: 19900.0
  • Parking:On Site2: Yes
  • Foundation Materials:Block3: Yes
  • Recreational Water:Nearby: Yes
  • Recreational Water:RiverBrookStream: Yes
  • Driveway:Gravel: Yes
  • Equipment:Internet Access Available: Yes
  • Style:New Englander: Yes
  • Building Info:_pound_ Floors3: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Partial, Interior Entry
  • Full Bathrooms: 7
  • Flooring: Laminate, Carpet
  • Stories: 3

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Near Shopping, Near Town, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Block, Stone
  • Roof: Shingle

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, 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: 12196.8
  • Parcel #: FARN-000000-U000013-000149
  • Zoning: Village Residential

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 61200.0
  • Annual Operating Expense: 19900.0

Tax Info

  • Tax Annual Amount: 3197.0
  • Tax Book Number: 2064
  • Tax Lot: 149
  • Tax Map Number: U13
  • Tax Year: 2022

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
03/14/2024 03/14/24 Sold $395,000 -12.2% $132 / Sq Ft
01/09/2024 01/09/24 Pending -- -- --
10/27/2023 10/27/23 For Sale $449,900 -- $150 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2024

    Andrew Hufnagel

    Palmer Realty Group

    (207) 491-7299

    49 in this area

    154 Total Sales

    Andrew Hufnagel
    Section Image
  • Stewart Durrell

    Buyer's Agent in 2024

    Stewart Durrell

    Coldwell Banker Sandy River Realty

    (207) 778-1064

    24 in this area

    135 Total Sales

    Stewart Durrell
    Section Image
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Map

Source: Maine Listings

MLS Number: 1576053

Maine Listings
Maine Franklin County Farmington 04938

113 Lake Ave, Farmington, ME

This home is located at 113 Lake Ave, Farmington, ME 04938 since 27 October 2023. This property was built in 1875. 113 Lake Ave is a home located in Franklin County with nearby schools including Mt. Blue High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Maine Listings Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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