NOT LISTED FOR SALE

123 Perham St Farmington, ME 04938

Estimated Value: $266,000 - $308,027

5 Beds
3 Baths
2,335 Sq Ft
$121/Sq Ft Est. Value

Last Sold May 08, 2024

Last sale price $265,000 $113 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,810/month

83 Days on Market

Highlights

  • Wood Flooring
  • Main Floor Bedroom
  • No HOA
  • New Englander Architecture
  • 1 Fireplace
  • 4-minute walk to Farmington Recreation & Parks

About This Home

As of May 2024

Here is your inexpensive opportunity to break into the robust Farmington rental market. 3 units within a short walk to UMF and all of downtown Farmington. Very nice 1, 2 and 3 bedroom units. Plenty of storage for the landlord in the 2 bay garage. Adequate parking for the tenants. This would be a great owner occupied property, with the other 2 units paying the mortgage.

Last Agent to Sell the Property

Roxanne Brann

Coldwell Banker Sandy River Realty Brokerage Phone: 207-778-6333 Listed on: 01/04/2024

Coldwell Banker Sandy River Realty

Co-Listed By

Daniel Nash

Coldwell Banker Sandy River Realty Brokerage Phone: 207-778-6333

Last Buyer's Agent

Shelley Nadeau

Your Home Sold Guaranteed Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,810

Year Built

  • Built in 1850

Lot Details

  • 6,970 Sq Ft Lot
  • Level Lot
  • Open Lot

Parking

  • 2 Car Direct Access Garage
  • Subterranean Parking
  • Automatic Garage Door Opener
  • Garage Door Opener
  • Gravel Driveway

Home Design

  • New Englander Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Metal Roof
  • Clap Board Siding
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 2,335 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Laundry on main level

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 3 Full Bathrooms
  • Shower Only

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Location

  • City Lot

Utilities

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

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number FARN-000000-U000016-000007

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $13,016
  • Gross Income $30,516

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,810

Year Built

Built in 1850

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.16
  • Road Surface Type: Paved
  • Co List Office Mls Id: 1280
  • Co List Office Phone: 207-778-6333
  • MLS Status: Closed
  • Directions: #123 Perham Street
  • Above Grade Finished Sq Ft: 2335.0
  • Architectural Style: New Englander
  • Garage Yn: Yes
  • Building Stories: 2
  • Year Built: 1850
  • Attribution Contact: 207-778-6333
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.16
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2335.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Heat System:Baseboard: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Property Information:Garage Spaces: 2.0
  • Amenities:Shower: Yes
  • Vehicle Storage:Auto Door Opener: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Roof:Metal: Yes
  • Vehicle Storage:Direct Entry to Living: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 3
  • Exterior:Clapboard: Yes
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 30516.0
  • Income Expenses Operating Expenses: 13016.0
  • Amenities:Laundry - 1st Floor: Yes
  • Roof:Pitched: Yes
  • Building Info:_pound_ Fireplaces3: 1
  • Driveway:Gravel: Yes
  • Style:New Englander: Yes
  • Vehicle Storage:Under: Yes
  • Building Info:_pound_ Floors3: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Walk-Out Access, Full, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Wood, Vinyl
  • Interior Amenities: 1st Floor Bedroom, Shower
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Intown
  • Waterfront: No
  • Construction Type: Clapboard, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Metal, Pitched

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: 5 - 10 Spaces, Gravel, Garage Door Opener, Inside Entrance, Underground

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: RSU 09

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6969.6
  • Parcel #: FARN-000000-U000016-000007
  • Zoning: Town

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 30516.0
  • Annual Operating Expense: 13016.0

Tax Info

  • Tax Annual Amount: 2810.0
  • Tax Book Number: 4154
  • Tax Lot: 7
  • Tax Map Number: U16
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 8, 2017
Sold by
Richard Leon A
Bought by
Altmaier Benjamin D
Current Estimated Value
$283,257
Source: Public Records

Range of Values:

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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
Altmaier Benjamin D -- --
Altmaier Benjamin D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Wardwell Alyssa $238,500
Closed Altmaier Benjamin D $116,000
Closed Richard Leon A $124,914
Closed Richard Leon A $20,000
Closed Richard Leon A $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2024 05/08/24 Sold $265,000 -3.6% $113 / Sq Ft
01/04/2024 01/04/24 For Sale $275,000 -- $118 / 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 $3,348 $156,100 $17,000 $139,100
2023 $3,108 $156,100 $17,000 $139,100
2022 $2,810 $156,100 $17,000 $139,100
2021 $2,997 $156,100 $17,000 $139,100
2020 $3,073 $156,000 $17,000 $139,000
2019 $3,117 $156,000 $17,000 $139,000
2018 $3,053 $156,000 $17,000 $139,000
2017 $3,111 $156,000 $17,000 $139,000
2016 $3,008 $156,000 $17,000 $139,000
2015 $2,933 $156,000 $17,000 $139,000
2014 $2,704 $156,100 $17,000 $139,100
2013 $2,459 $156,100 $17,000 $139,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1579920

Maine Listings

APN: FARN-000000-U000016-000007