NOT LISTED FOR SALE

12 Brown St Mexico, ME 04257

Estimated Value: $178,000 - $188,593

-- Bed
2 Baths
1,700 Sq Ft
$108/Sq Ft Est. Value

Last Sold September 11, 2023

Last sale price $165,000 $97 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,159/month

51 Days on Market

Highlights

  • Main Floor Bedroom
  • 1 Car Detached Garage
  • Level Lot
  • No HOA
  • Hot Water Heating System
  • Vinyl Flooring

About This Home

As of September 2023

2-Unit with solid rental history - a great income producer - INVESTORS TAKE NOTE! New roof. Both units have 3 bedrooms, laundry in each unit. Off-street parking and a small garage for storage.

Last Agent to Sell the Property

Kathleen Scott

Coldwell Banker Realty Brokerage Phone: 207-773-1990 Listed on: 06/14/2023

Coldwell Banker Realty

Co-Listed By

Julia Edwards

Coldwell Banker Realty Brokerage Phone: 207-773-1990

Last Buyer's Agent

Derrick Buckspan

RE/MAX Shoreline

RE/MAX Shoreline

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,927

Year Built

  • Built in 1920

Lot Details

  • 3,920 Sq Ft Lot
  • Level Lot

Parking

  • 1 Car Detached Garage
  • Driveway

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Shingle Siding

Interior Spaces

  • 1,700 Sq Ft Home
  • Multi-Level Property
  • Vinyl Flooring
  • Unfinished Basement
  • Interior Basement Entry
  • Laundry on main level

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 2 Full Bathrooms

Location

  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Hot Water Heating System
  • Natural Gas Not Available
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 43
  • Assessor Parcel Number MEXI-000022-000000-000043

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $19,080
  • Gross Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,927

Year Built

Built in 1920

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.09
  • Road Surface Type: Paved
  • Co List Office Mls Id: 1000
  • Co List Office Phone: 207-773-1990
  • MLS Status: Closed
  • Directions: FROM RT 2 TURN ON TO RT 17 ( ROXBURY RD) TAKE 1ST LEFT ONTO BROWN ST., PROPERTY ON RIGHT
  • Above Grade Finished Sq Ft: 1700.0
  • Architectural Style: Multi-Level
  • Garage Yn: Yes
  • Year Built: 1920
  • Attribution Contact: 207-773-1990
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.09
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1700.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Property Information:Garage Spaces: 1.0
  • Water Heater:Electric2: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Income Expenses Gross Income: 36000.0
  • Income Expenses Operating Expenses: 19080.0
  • Style:Multi-Level: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Driveway:Concrete3: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Flooring: Vinyl
  • Interior Amenities: 1st Floor Bedroom

Exterior Features

  • Lot Features: Level, Intown, Neighborhood
  • Waterfront: No
  • Construction Type: Shingle Siding, Composition, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: 1 - 4 Spaces, Concrete, Detached

Utilities

  • Laundry Features: Laundry - 1st Floor, Upper Level, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water
  • 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: 3920.4
  • Parcel #: MEXI-000022-000000-000043
  • Zoning: Residential

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 36000.0
  • Annual Operating Expense: 19080.0

Tax Info

  • Tax Annual Amount: 1927.0
  • Tax Book Number: 5416
  • Tax Lot: 43
  • Tax Map Number: 22
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2023
Closed on
Sep 8, 2023
Sold by
Frost Laurie L and Frost Brian D
Bought by
12 Brown Street Llc
Seller's Agent
Kathleen Scott
Coldwell Banker Realty
Buyer's Agent
Derrick Buckspan
RE/MAX Shoreline
List Price
$169,000
Sold Price
$165,000
Premium/Discount to List
-$4,000
-2.37%
Current Estimated Value
$183,297

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,297
Avg. Annual Appreciation
5.57%
Original Mortgage
$123,750
Outstanding Balance
$121,290
Interest Rate
6.81%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$62,007

Purchase Details

Closed on
Jul 5, 2018
Sold by
Muse Arthur J and Muse Jean E
Bought by
Frost Brian D and Frost Laurie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
4.6%
Mortgage Type
New Conventional
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
12 Brown Street Llc $165,000 None Available
Frost Brian D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 12 Brown Street Llc $123,750
Previous Owner Frost Brian D $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2023 09/11/23 Sold $165,000 -2.4% $97 / Sq Ft
08/04/2023 08/04/23 Pending -- -- --
06/14/2023 06/14/23 For Sale $169,000 -- $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 $1,914 $66,000 $8,900 $57,100
2023 $1,927 $66,000 $8,900 $57,100
2022 $1,927 $66,000 $8,900 $57,100
2021 $1,927 $66,000 $8,900 $57,100
2014 $1,716 $66,000 $8,900 $57,100
2012 $1,650 $66,000 $8,900 $57,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1562143

Maine Listings

APN: MEXI-000022-000000-000043