NOT LISTED FOR SALE

Estimated Value: $512,000 - $536,798

Studio
9 Baths
6,000 Sq Ft
$87/Sq Ft Est. Value

Sale Details

Date Sold: January 18, 2022

Last sale price $420,000 $70 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $3,261 / mo

21 Days on Market

Highlights

  • Wood Flooring
  • Property is near shops
  • Hot Water Heating System
  • No HOA
  • Forced Air Heating System
  • Level Lot

About This Home

As of January 2022

Great opportunity to purchase a brick 9 unit residential investment property. This property provides stable income with upside potential with current under market rents. The property has undergone many capital improvements to include new heating system and upgrades throughout and also offers rental income options from the garages on site. This is a tremendous opportunity to invest into a wonderful property. *Square footage is an estimate, town records show no reported number for size of the building

Last Agent to Sell the Property

Kevin Fletcher

Keller Williams Realty Listed on: 10/25/2021

Keller Williams Realty

Last Buyer's Agent

Nick Lucas

The Boulos Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,996

Year Built

  • Built in 1931

Lot Details

  • 11,326 Sq Ft Lot
  • Level Lot

Parking

  • Gravel Driveway

Home Design

  • Brick Exterior Construction
  • Membrane Roofing
  • Masonry

Interior Spaces

  • 9 Full Bathrooms
  • 6,000 Sq Ft Home
  • 3-Story Property
  • Wood Flooring

Basement

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

Location

  • Property is near shops
  • City Lot

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Hot Water Heating System
  • Natural Gas Not Available

Listing and Financial Details

  • Tax Lot 95
  • Assessor Parcel Number MEXI-000020-000000-000095

Community Details

Overview

  • No Home Owners Association
  • 9 Units

Building Details

  • Operating Expense $34,134
  • Gross Income $79,476

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,996

Year Built

Built in 1931

Lot Details

0.26 Acres

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.26
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 6000.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1931
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 75.0
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.26
  • Property Information:Total Baths: 9.0
  • Property Information:SqFt Finished Above Grade: 6000.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: 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
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 9
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 79476.0
  • Income Expenses Operating Expenses: 34134.0
  • Style:Multi-Level: Yes
  • Property Information:Short Sale Continue to Show: No
  • Driveway:Gravel: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Exterior:Brick: Yes
  • Roof:Membrane: Yes
  • Construction:Masonry: Yes
  • Advertising Remarks:Advertising Remarks: Great opportunity to purchase a brick 9 unit residential investment property. This property provides stable income with upside potential with current under market rents. The property has undergone many capital improvements to include new heating system and upgrades throughout and also offers rental income options from the garages on site. This is a tremendous opportunity to invest into a wonderful property. *Square footage is an estimate, town records show no reported number for size of the building
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Full, Interior Entry
  • Full Bathrooms: 9
  • Flooring: Wood
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Intown, Near Shopping
  • Waterfront: No
  • Construction Type: Brick, Masonry
  • Roof: Membrane

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Forced Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 11325.6
  • Parcel #: MEXI-000020-000000-000095
  • Zoning: Commercial

Multi Family

  • Number Of Units Total: 9
  • Annual Gross Income: 79476.0
  • Annual Operating Expense: 34134.0

Tax Info

  • Tax Annual Amount: 3996.0
  • Tax Lot: 95
  • Tax Year: 2014

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
Oct 25, 2021
Closed on
Jan 18, 2022
Sold by
Bought by
Seller's Agent
Kevin Fletcher
Keller Williams Realty
Buyer's Agent
Nick Lucas
The Boulos Company
List Price
$450,000
Sold Price
$420,000
Premium/Discount to List
-$30,000
-6.67%
Current Estimated Value
$524,399

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,399
Avg. Annual Appreciation
5.01%
Original Mortgage
$336,000
Interest Rate
0.0311%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 14, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,114
Interest Rate
0.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 11, 2018
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
-- 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 $336,000
Previous Owner $287,114
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
01/18/2022 01/18/22 Sold $420,000 -6.7% $70 / Sq Ft
11/16/2021 11/16/21 Pending -- -- --
10/25/2021 10/25/21 For Sale $450,000 -- $75 / 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 $4,566 $155,300 $16,400 $138,900
2024 $4,504 $155,300 $16,400 $138,900
2023 $4,535 $155,300 $16,400 $138,900
2022 $4,535 $155,300 $16,400 $138,900
2021 $4,535 $155,300 $16,400 $138,900
2014 $3,996 $153,700 $14,800 $138,900
2012 $3,843 $153,700 $14,800 $138,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1513071

Maine Listings

APN: MEXI-000020-000000-000095

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