$160,000
SOLD AUG 26, 2024

13 Center St Skowhegan, ME 04976

-- Bed
3 Baths
2,864 Sq Ft
0.31 Acres

Recently Sold

$56 Per Sq Ft

9% Below List Price

189 Days on Market

Highlights

  • Wood Flooring
  • Level Lot
  • Heating System Uses Propane
  • No HOA
  • Wood Siding

About This Home

As of August 2024

This three unit building offers a rare combination of strong income with the ability to increase value by finishing two additional units if desired. Current owners have done many updates including new shingles and trim on Dutch swoop of the roof, new balcony and fire escape ladder on Unit 3, new deck and steps on Unit 2, along with updates to electrical and plumbing as needed for code. Paint and flooring has also been improved in many areas. Units 1 and 3 also include new or refurbished Rannai propane heaters and new propane tanks with heater in daylight basement keep above freezing temps for pipes and storage. All appliances have been updated except for the refrigerator in Unit 2. With the potential to complete two additional units already in the building with local approvals and rents well below market value, there is a lot of upside to add value quickly here, schedule your showing today!

Last Agent to Sell the Property

Matt Pouliot

Pouliot Real Estate Brokerage Phone: 207-248-6044 Listed on: 06/04/2024

Last Buyer's Agent

John Airey

Keller Williams Coastal and Lakes & Mountains Realty

Keller Williams Coastal and Lakes & Mountains Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,323

Year Built

  • Built in 1902

Lot Details

  • 0.31 Acre Lot
  • Level Lot

Parking

  • Gravel Driveway

Home Design

  • 2,864 Sq Ft Home
  • Flat Roof Shape
  • Mansard Roof Shape
  • Brick Foundation
  • Block Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Membrane Roofing
  • Wood Siding
  • Shingle Siding
  • Vinyl Siding

Flooring

  • Wood
  • Laminate
  • Vinyl

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Dirt Floor

Utilities

  • No Cooling
  • Heating System Uses Propane
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Additional Features

  • 3 Full Bathrooms
  • City Lot

Listing and Financial Details

  • Tax Lot 31
  • Assessor Parcel Number SKOW-000027-000000-000031

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $10,223
  • Gross Income $24,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,323

Year Built

Built in 1902

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.31
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 2864.0
  • Architectural Style: Mansard
  • Garage Yn: No
  • Year Built: 1902
  • Attribution Contact: 207-248-6044
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.31
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2864.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Walk-Out: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:BrickMortar2: Yes
  • Income Expenses Gross Income: 24900.0
  • Income Expenses Operating Expenses: 10223.0
  • Foundation Materials:Block3: Yes
  • Exterior:Wood Siding: Yes
  • Basement:Dirt Floor: Yes
  • Driveway:Gravel: Yes
  • Property Information:Deed Restrictions: Unknown
  • Heat System:Direct Vent Heater: Yes
  • Roof:Membrane: Yes
  • Basement Entry:Exterior Only: Yes
  • Roof:Flat: Yes
  • Style:Mansard: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Dirt Floor, Walk-Out Access, Full, Exterior Only
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl, Laminate
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Intown, Near Shopping
  • Waterfront: No
  • Construction Type: Wood Siding, Vinyl Siding, Shingle Siding, Wood Frame
  • Foundation Details: Block, Brick/Mortar
  • Roof: Flat, Membrane, Shingle

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Heater
  • 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: 13503.6
  • Parcel #: SKOW-000027-000000-000031
  • Zoning: Res

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 24900.0
  • Annual Operating Expense: 10223.0

Tax Info

  • Tax Annual Amount: 2323.0
  • Tax Book Number: 5425
  • Tax Lot: 31
  • Tax Map Number: 27
  • Tax Year: 2023

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
08/26/2024 08/26/24 Sold $160,000 -8.6% $56 / Sq Ft
06/18/2024 06/18/24 Pending -- -- --
06/04/2024 06/04/24 For Sale $175,000 +9.4% $61 / Sq Ft
06/01/2024 06/01/24 Off Market $160,000 -- --
05/17/2024 05/17/24 For Sale $175,000 +9.4% $61 / Sq Ft
04/26/2024 04/26/24 Off Market $160,000 -- --
03/08/2024 03/08/24 Price Changed $175,000 -5.4% $61 / Sq Ft
12/12/2023 12/12/23 For Sale $185,000 -- $65 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1579038

Maine Listings