$125,000
SOLD FEB 28, 2025

122 Katahdin Ave Millinocket, ME 04462

-- Bed
2 Baths
2,232 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$56 Per Sq Ft

11% Below List Price

213 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Landscaped
  • Corner Lot
  • Porch
  • Baseboard Heating

About This Home

As of February 2025

DUPLEX perfectly situated in the heart of MILLINOCKET, Maine! This Multi-level property has units side-by-side with the first level having their own entrance, Kitchen, Living room on the first floor, with two bedrooms and a full bathroom on the second floor, and a loft/bedroom area on the third floor. The first unit has been updated recently. This property has a great location across from Downtown Millinocket where you overlook the Park, can visit nearby restaurants, walking trails and the Millinocket Library. The property has a full basement divided for each tenants storage needs, a large garage/shed on the premises, and the lot has space for storing your boat and snowmobiles. A metal roof, front porch, and each unit has their own furnace. Snowmobile directly from your lot to hundreds of ITS and ATV trails. Access nearby lakes, Mount Katahdin, Baxter State Park and Katahdin Woods and Water National Monument. This is an awesome opportunity to live in one unit while collecting rental income from the other. Come check out this Opportunity!

Last Agent to Sell the Property

Adrian Nadeau

ERA Dawson-Bradford Co. Listed on: 12/11/2024

ERA Dawson-Bradford Co.

Co-Listed By

Bruce Bragdon

ERA Dawson-Bradford Co.

Last Buyer's Agent

James Plourde

North Woods Real Estate, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,582

Year Built

  • Built in 1910

Lot Details

  • 5,663 Sq Ft Lot
  • Landscaped
  • Corner Lot
  • Open Lot
  • Lot Has A Rolling Slope

Home Design

  • Duplex
  • Wood Frame Construction
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • 2,232 Sq Ft Home
  • Multi-Level Property

Flooring

  • Wood
  • Carpet
  • Vinyl

Unfinished Basement

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

Parking

  • Garage
  • Gravel Driveway

Utilities

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

Additional Features

  • Porch
  • City Lot

Listing and Financial Details

  • Tax Lot 026
  • Assessor Parcel Number MLNK-000004-000000-000026U

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $6,362
  • Gross Income $15,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,582

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.13
  • Road Surface Type: Paved
  • Co List Office Phone: 207-947-6788
  • MLS Status: Closed
  • Directions: Take Central Street in MIllinocket. Go Thru lights on Penobscot Avenue, turn left on Katahdin Avenue, Home is on the right at the corner of Katahdin and Popular Street. Sign is up.
  • Above Grade Finished Sq Ft: 2232.0
  • Architectural Style: Duplex, Multi-Level, Other Style
  • Garage Yn: Yes
  • Year Built: 1910
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 62.68
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.13
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2232.0
  • Property Information:Garage: Yes
  • Site:Corner Lot: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Baseboard: 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
  • Exterior:Vinyl Siding: Yes
  • Basement:Unfinished: Yes
  • Roof:Metal: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Income Expenses Gross Income: 15600.0
  • Income Expenses Operating Expenses: 6362.0
  • Style:Multi-Level: Yes
  • Style:Duplex: Yes
  • Driveway:Gravel: Yes
  • Site:RollingSloping: Yes
  • Advertising Remarks:Advertising Remarks: DUPLEX perfectly situated in the heart of MILLINOCKET, Maine! This Multi-level property has units side-by-side with the first level having their own entrance, Kitchen, Living room on the first floor, with two bedrooms and a full bathroom on the second floor, and a loft/bedroom area on the third floor. The first unit has been updated recently. This property has a great location across from Downtown Millinocket where you overlook the Park, can visit nearby restaurants, walking trails and the Millinocket Library. The property has a full basement divided for each tenants storage needs, a large garage/shed on the premises, and the lot has space for storing your boat and snowmobiles. A metal roof, front porch, and each unit has their own furnace. Snowmobile directly from your lot to hundreds of ITS and ATV trails. Access nearby lakes, Mount Katahdin, Baxter State Park and Katahdin Woods and Water National Monument. This is an awesome opportunity to live in one unit while collecting rental income from the other. Come check out this Opportunity!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Flooring: Wood, Vinyl, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Corner Lot, Open Lot, Rolling Slope, Landscaped, Intown
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Patio And Porch Features: Porch
  • Roof: Metal
  • Patio and Porch Features:Porch: Yes

Garage/Parking

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

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: 5662.8
  • Parcel #: MLNK-000004-000000-000026U
  • Zoning: 14-DC

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 15600.0
  • Annual Operating Expense: 6362.0

Tax Info

  • Tax Annual Amount: 1582.0
  • Tax Lot: 026
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2024
Closed on
Feb 28, 2025
Sold by
Peterson T T and Peterson P
Bought by
Thauer & Bray Ft and Thauer
Seller's Agent
Adrian Nadeau
ERA Dawson-Bradford Co.
Buyer's Agent
James Plourde
North Woods Real Estate, LLC
List Price
$139,900
Sold Price
$125,000
Premium/Discount to List
-$14,900
-10.65%
Views
9
Current Estimated Value
$132,150

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,150
Avg. Annual Appreciation
6.93%
Original Mortgage
$127,500
Outstanding Balance
$126,653
Interest Rate
7.04%
Mortgage Type
Commercial
Estimated Equity
$5,497

Purchase Details

Listed on
Nov 4, 2016
Closed on
Mar 30, 2018
Sold by
Mihailidis Deborah L
Bought by
Peterson T T and Peterson P
Seller's Agent
Adrian Nadeau
ERA Dawson-Bradford Co.
Buyer's Agent
Adrian Nadeau
ERA Dawson-Bradford Co.
List Price
$49,900
Sold Price
$32,500
Premium/Discount to List
-$17,400
-34.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.49%

Purchase Details

Closed on
Dec 28, 2007
Sold by
Ayotte Matthew
Bought by
Mihailidis Deborah L and Mihailidis George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,856
Interest Rate
6.27%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 17, 2005
Sold by
Mclaughlin Richard K and Mclaughlin Colleen P
Bought by
Ayotte Matthew
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Quit Claim Deed $125,000 None Available
Quit Claim Deed $125,000 None Available
Quit Claim Deed -- --
Deed -- --
Quit Claim Deed -- --
Quit Claim Deed -- --
Quit Claim Deed -- --
Quit Claim Deed -- --
Quit Claim Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $127,500 Commercial
Closed $127,500 Commercial
Previous Owner $43,856 FHA
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/28/2025 02/28/25 Sold $125,000 -10.7% $56 / Sq Ft
01/01/2025 01/01/25 Pending -- -- --
12/11/2024 12/11/24 For Sale $139,900 +11.9% $63 / Sq Ft
12/02/2024 12/02/24 Off Market $125,000 -- --
08/10/2024 08/10/24 Price Changed $139,900 -3.5% $63 / Sq Ft
07/18/2024 07/18/24 Price Changed $144,900 -3.3% $65 / Sq Ft
06/01/2024 06/01/24 For Sale $149,900 +361.2% $67 / Sq Ft
03/30/2018 03/30/18 Sold $32,500 -34.9% $18 / Sq Ft View Prior Sale
02/23/2018 02/23/18 Pending -- -- --
11/04/2016 11/04/16 For Sale $49,900 -- $28 / 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
2025 $1,911 $83,100 $6,700 $76,400
2024 $1,913 $69,300 $3,400 $65,900
2023 $1,582 $56,100 $3,400 $52,700
2022 $1,475 $50,000 $3,400 $46,600
2021 $1,489 $45,800 $3,400 $42,400
2020 $1,476 $43,400 $3,400 $40,000
2019 $1,432 $43,400 $3,400 $40,000
2018 $1,411 $43,400 $3,400 $40,000
2017 $1,402 $43,400 $3,400 $40,000
2016 $1,358 $43,400 $3,400 $40,000
2015 $1,287 $43,400 $3,400 $40,000
2014 $1,285 $43,400 $3,400 $40,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1591720

Maine Listings

APN: MLNK-000004-000000-000026U