NOT LISTED FOR SALE

12 Reservoir St Searsport, ME 04974

-- Bed
3 Baths
2,560 Sq Ft
10,454 Sq Ft Lot

Last Sold February 26, 2021

Last sale price $221,000 $86 Per Sq Ft

190 Days on Market

Highlights

  • Public Beach
  • Wood Flooring
  • Main Floor Bedroom
  • Deck
  • New Englander Architecture
  • No HOA

About This Home

As of February 2021

When looking at property in midcoast Maine there are few opportunities to live in a seaside community in a big old captain's home and have someone else pay your mortgage. This is one of those opportunities. This impeccable cared-for rental home has received a lot of attention over the years - it's most recent upgrades include making it more energy efficient and comfortable for the tenants that occupy the home. When you take the 3D Virtual Tour you'll notice that the main house has been converted to two apartments. These 4 spacious rooms boast 9.5ft ceilings, grand doors separating the rooms and so much natural light both in the morning and evening you barely have to turn on the overhead lights. The addition to the main house is unit 3, and is the perfect place to start seedlings in the sunroom, and a perfect place for a home office off the bedroom facing the backyard. All three units are currently occupied with unit 3 being the easy to owner occupy unit at present time.

The location is superb. Next door is the Penobscot Marine Musdseum's library (very quiet neighbors) and this lot is accessed by both Reservoir Street and Church Street. The main campus of the PMM is located on Church Street, which is also the home to Maine Ocean School. Reservoir Street is also next to the Searsport Town Office, and Public Safety Buildings. Within just a few blocks is Tozier's grocer, Bangor Savings Bank, The US Post Office, Bakery, and another block or two is Mosman Park, an oceanfront park with a playground, basketball courts, and BBQ area for the public. Living in Searsport is quiet, easy going and one of the best values on the coast of Maine. Live here, invest here, and get to be apart of this vibrant community.

Last Listed By

Monet Brazier

Bean Group Listed on: 12/02/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,553

Year Built

  • Built in 1900

Lot Details

  • 10,454 Sq Ft Lot
  • Public Beach
  • Landscaped
  • Level Lot

Parking

  • Gravel Driveway

Home Design

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

Interior Spaces

  • 2,560 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • In-Law or Guest Suite
  • 3 Full Bathrooms
  • Bathtub
  • Shower Only

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Unfinished Basement

  • Partial Basement
  • Interior and Exterior Basement Entry
  • Sump Pump
  • Dirt Floor

Outdoor Features

  • Deck
  • Patio
  • Enclosed Glass Porch

Utilities

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

Additional Features

  • Doors are 32 inches wide or more
  • City Lot

Listing and Financial Details

  • Tax Lot 17
  • Assessor Parcel Number SEAP-000016-000000-000017

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $16,615
  • Gross Income $32,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,553

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.24
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Subdivision Name: N/A
  • Directions: Heading south on Route 1, turns into E Main St. Go past Mortland Rd on right. Then take right onto Reservoir St. Almost to the end, house is on left.
  • Above Grade Finished Sq Ft: 2560.0
  • Architectural Style: Multi-Level, New Englander
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.24
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2560.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Storage: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:One-Floor Living: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Gas:No Gas: Yes
  • Basement:Partial: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:Stone: Yes
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 32400.0
  • Income Expenses Operating Expenses: 16615.0
  • Style:Multi-Level: Yes
  • Location:Near Public Beach: Yes
  • Exterior:Wood Siding: Yes
  • Amenities:Bathtub: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Basement:Dirt Floor: Yes
  • Property Information:Short Sale Continue to Show: No
  • Driveway:Gravel: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Basement:Sump Pump: Yes
  • Amenities:In-Law Apartment: Yes
  • Foundation Materials:Granite2: Yes
  • Style:New Englander: Yes
  • Roof:Slate: Yes
  • Building Info:_pound_ Floors3: 2
  • Patio and Porch Features:Glassed-in Porch: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Accessibility Features: 32 - 36 Inch Doors
  • Has Basement: Bulkhead, Dirt Floor, Partial, Sump Pump, Exterior Entry, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Fireplace: No
  • Flooring: Wood, Vinyl, Tile, Carpet
  • Interior Amenities: 1st Floor Bedroom, Bathtub, In-Law Floorplan, One-Floor Living, Pantry, Shower, Storage
  • Stories: 2

Exterior Features

  • Lot Features: Level, Sidewalks, Landscaped, Intown, Near Public Beach, Near Town, Neighborhood
  • Waterfront: No
  • Construction Type: Wood Siding, Wood Frame
  • Foundation Details: Stone, Granite, Gravel/Pad
  • Patio And Porch Features: Deck, Glass Enclosed, Patio
  • Roof: Shingle, Slate
  • Patio And Porch Features:Patio: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level, Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: RSU 20

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10454.4
  • Parcel #: SEAP-000016-000000-000017
  • Zoning: Commercial

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 32400.0
  • Annual Operating Expense: 16615.0

Tax Info

  • Tax Annual Amount: 2553.0
  • Tax Book Number: 4226
  • Tax Lot: 17
  • Tax Map Number: 16
  • Tax Year: 2018

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
02/26/2021 02/26/21 Sold $221,000 -3.5% $86 / Sq Ft
12/12/2020 12/12/20 Pending -- -- --
06/04/2020 06/04/20 For Sale $229,000 +70.9% $89 / Sq Ft
12/01/2017 12/01/17 Sold $134,000 -10.1% $52 / Sq Ft
10/15/2017 10/15/17 Pending -- -- --
10/06/2017 10/06/17 For Sale $149,000 -- $58 / 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 $3,160 $138,000 $39,200 $98,800
2023 $2,788 $138,000 $39,200 $98,800
2022 $2,663 $138,000 $39,200 $98,800
2021 $2,608 $138,000 $39,200 $98,800
2020 $2,581 $138,000 $39,200 $98,800
2019 $2,553 $138,000 $39,200 $98,800
2018 $1,382 $138,000 $39,200 $98,800
2017 $3,199 $132,200 $36,000 $96,200
2016 $3,160 $132,200 $36,000 $96,200
2015 $3,133 $132,200 $36,000 $96,200
2014 $3,001 $132,200 $36,000 $96,200
2013 $2,842 $132,200 $36,000 $96,200
Source: Public Records

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Map

Source: Maine Listings

MLS Number: 1454839

Maine Listings