J
Seller's Agent in 2022
Jessica Wiltbank
SVN The Masiello Group
121 E Main St Searsport, ME 04974
Estimated Value: $883,761
14
Beds
12
Baths
10,334
Sq Ft
$86/Sq Ft
Est. Value
Highlights
- Ocean Front
- The property is located in a historic district
- Wood Flooring
- Nearby Water Access
- Federal Architecture
- Main Floor Bedroom
About This Home
As of February 2022The Homeport Inn, a historic bed and breakfast in Searsport Maine dating back to 1865, still holds all of its historic charm for a new generation of business owners. This property has been a fixture on the coast of Maine for well over 100 years. This seasonal bed and breakfast with 12 rooms, 11 ½ bathrooms and a full restaurant and bar, the well known ''The Mermaid'' offers potential for expanses with revenues. This property which runs 1A in coastal Maine has a strong reputation for comfort, food, and Solace without being within the city . This property also comes with two separate apartments, 1 one bedroom, 1 two bedroom for either new owners to occupy or to be renovated and made part of the business. This property also has public access to the ocean within walking distance with close proximity to Belfast, Camden, Rockland, Bangor and Augusta. This property is located in an ideal area for the busy tourist season. If a turnkey business is what you are looking for, look no further! This can be converted back to a single family home with business attached.
Last Agent to Sell the Property
Jessica Wiltbank
SVN The Masiello Group Listed on: 11/17/2021
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $14,554
Year Built
- Built in 1865
Lot Details
- 1.45 Acre Lot
- Ocean Front
- Level Lot
- Property is zoned commercial
Property Views
- Water
- Scenic Vista
Home Design
- Federal Architecture
- Greek Revival Architecture
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Clap Board Siding
- Clapboard
Interior Spaces
- Furnished
- 5 Fireplaces
- Living Room
- Dining Room
- Home Office
- Bonus Room
Flooring
- Wood
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 14 Bedrooms
- Main Floor Bedroom
- In-Law or Guest Suite
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
Parking
- Gravel Driveway
- On-Site Parking
Utilities
- Air Conditioning
- Multiple cooling system units
- Zoned Heating
- Heating System Uses Oil
- Baseboard Heating
- Hot Water Heating System
- Electric Water Heater
Additional Features
- Level Entry For Accessibility
- Nearby Water Access
- The property is located in a historic district
Community Details
- No Home Owners Association
- The community has rules related to deed restrictions
Listing and Financial Details
- Tax Lot 002-1
- Assessor Parcel Number SEAP-000011-000000-000002-000001
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 17, 2021
Closed on
Feb 18, 2022
Sold by
Hmc Hospitality Llc
Bought by
121 East Main Steet Llc
Seller's Agent
Jessica Wiltbank
SVN The Masiello Group
Buyer's Agent
Gary Jordan
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$7,790,003
Sold Price
$715,000
Premium/Discount to List
-$7,075,003
-90.82%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$168,761
Avg. Annual Appreciation
6.04%
Original Mortgage
$572,000
Outstanding Balance
$537,162
Interest Rate
3.55%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$337,104
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 121 East Main Steet Llc | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 121 East Main Street Llc | $40,000 | |
| Open | 121 East Main Street Llc | $158,983 | |
| Open | 121 East Main Steet Llc | $572,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/18/2022 02/18/22 | Sold | $715,000 | -90.8% | $69 / Sq Ft |
| 12/05/2021 12/05/21 | Pending | -- | -- | -- |
| 04/12/2021 04/12/21 | For Sale | $7,790,003 | -- | $754 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
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 | $13,226 | $685,300 | $81,800 | $603,500 |
| 2023 | $13,226 | $685,300 | $81,800 | $603,500 |
| 2022 | $13,226 | $685,300 | $81,800 | $603,500 |
| 2021 | $12,952 | $685,300 | $81,800 | $603,500 |
| 2020 | $12,815 | $685,300 | $81,800 | $603,500 |
| 2019 | $0 | $685,300 | $81,800 | $603,500 |
| 2018 | $0 | $685,300 | $81,800 | $603,500 |
| 2017 | $749 | $601,400 | $75,900 | $525,500 |
| 2016 | $710 | $601,400 | $75,900 | $525,500 |
| 2015 | -- | $601,400 | $75,900 | $525,500 |
| 2014 | -- | $601,400 | $75,900 | $525,500 |
| 2013 | -- | $601,400 | $75,900 | $525,500 |
Source: Public Records
Agents Affiliated with this Home
-
-
Gary Jordan
Buyer's Agent in 2022
Gary Jordan
Better Homes & Gardens Real Estate/The Masiello Group
(207) 745-8814
121 Total Sales
Map
Source: Maine Listings
MLS Number: 1487313
APN: SEAP-000011-000000-000002-000001
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