NOT LISTED FOR SALE

125 Middle Rd Union, ME 04862

Estimated Value: $286,406

4 Beds
5 Baths
-- Sq Ft
4.82 Acres

Last Sold August 05, 2019

Last sale price $190,000

Est. 51% increase in value since last sale

Current estimated payment $2,006/month

153 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • Wood Siding
  • Pasture
  • Baseboard Heating
  • Carpet

About This Home

As of August 2019

Now is the chance to own a fully rented 5 unit apartment with great rental history. Property offers 2-2 bedroom units and 3- 1 bedroom units. Downstairs of the building could be used as storage, etc. Purchase and immediately start cash flowing!

Last Listed By

Devin Fairfield

Keller Williams Realty Listed on: 05/30/2019

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,860

Year Built

  • Built in 1950

Lot Details

  • 4.82 Acre Lot
  • Rural Setting

Home Design

  • Concrete Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Flooring

  • Carpet
  • Laminate
  • Vinyl

Parking

  • Common or Shared Parking
  • Gravel Driveway
  • Shared Driveway

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Baseboard Heating
  • Natural Gas Not Available
  • Private Water Source
  • Electric Water Heater
  • Private Sewer

Additional Features

  • 5 Full Bathrooms
  • Pasture

Community Details

  • No Home Owners Association
  • 5 Units

Listing and Financial Details

  • Tax Lot 011
  • Assessor Parcel Number UNNN-000019-000000-000011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,860

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 4.82
  • MLS Status: Closed
  • Directions: From 131 in Union take Right on to Middle Road. Property will be on the right.
  • Architectural Style: Other Style
  • Garage Yn: No
  • Year Built: 1950
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 4.82
  • Property Information:Total Baths: 5.0
  • Property Information:Garage: No
  • Water Info:Water Frontage2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Foundation Materials:Slab: Yes
  • Heat Fuel:Electric: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 5
  • Exterior:Wood Siding: Yes
  • Sewer:Private Sewer: Yes
  • Property Information:Short Sale Continue to Show: No
  • Basement:Slab2: Yes
  • Location:Rural: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Site:PastureField: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Not Applicable
  • Full Bathrooms: 5
  • Flooring: Vinyl, Laminate, Carpet

Exterior Features

  • Lot Features: Pasture, Rural
  • Waterfront: No
  • Construction Type: Wood Siding, Wood Frame
  • Foundation Details: Concrete Perimeter, Slab
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 11 - 20 Spaces, Gravel, Common

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Baseboard, Hot Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer
  • Utilities: Utilities On
  • Water Source: Private

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 209959.2
  • Parcel #: UNNN-000019-000000-000011
  • Zoning: rural

Multi Family

  • Number Of Units Total: 5

Tax Info

  • Tax Annual Amount: 2860.0
  • Tax Book Number: 5241
  • Tax Lot: 011
  • Tax Map Number: 019
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 25, 2021
Sold by
Catalano Amanda and Catalano Michael
Bought by
Knox Capital Llc
Total Days on Market
153
Current Estimated Value
$286,406

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Outstanding Balance
$133,872
Interest Rate
2.7%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$152,534

Purchase Details

Listed on
May 30, 2019
Closed on
Aug 5, 2019
Sold by
Cornerstone Inv Props
Bought by
Catalano Michael and Catalano Amanda
Seller's Agent
Devin Fairfield
Keller Williams Realty
Buyer's Agent
Douglas Erickson
SVN The Masiello Group
List Price
$215,000
Sold Price
$190,000
Premium/Discount to List
-$25,000
-11.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.41%
Original Mortgage
$188,000
Interest Rate
3.8%
Mortgage Type
New Conventional

Range of Values:

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Average Value
Not Available
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
Knox Capital Llc -- None Available
Knox Capital Llc -- None Available
Catalano Michael -- --
Catalano Michael -- --
Catalano Michael -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Knox Capital Llc $148,000
Closed Knox Capital Llc $148,000
Previous Owner Catalano Michael $188,000
Previous Owner Cornerstone Investment $108,750
Previous Owner Goudreau Heribert A $24,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2019 08/05/19 Sold $190,000 -11.6% --
06/10/2019 06/10/19 Pending -- -- --
01/07/2019 01/07/19 For Sale $215,000 +48.3% --
12/15/2017 12/15/17 Sold $145,000 0.0% --
05/28/2017 05/28/17 Pending -- -- --
05/19/2017 05/19/17 For Sale $145,000 -- --
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 $4,931 $286,700 $65,700 $221,000
2023 $4,444 $286,700 $65,700 $221,000
2022 $4,243 $286,700 $65,700 $221,000
2021 $2,909 $160,700 $55,700 $105,000
2020 $2,893 $160,700 $55,700 $105,000
2019 $2,941 $160,700 $55,700 $105,000
2018 $2,860 $160,700 $55,700 $105,000
2017 $2,539 $160,700 $55,700 $105,000
2016 $3,819 $226,000 $53,000 $173,000
2015 $3,661 $226,000 $53,000 $173,000
2014 $3,593 $226,000 $53,000 $173,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1401769

Maine Listings

APN: UNNN-000019-000000-000011