NOT LISTED FOR SALE

132 Cedar St Belfast, ME 04915

Estimated Value: $569,000 - $791,000

-- Bed
5 Baths
3,288 Sq Ft
$205/Sq Ft Est. Value

Last Sold October 06, 2017

Last sale price $253,450 $77 Per Sq Ft

Est. 176% increase in value since last sale

Current estimated payment $4,486/month

71 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Baseboard Heating
  • Victorian Architecture
  • Zoned Heating
  • Open Lot

About This Home

As of October 2017

Very well maintained 5 unit building with excellent rental history. Easy maintenance with vinyl siding and aluminum trim, and increased efficiency with an Energy Star rated boiler, many replacement windows, and insulated cap and basement. Desirable location for tenants. Four 1-bedroom apartments and one 2-bedroom apartment.

Last Agent to Sell the Property

Samuel Mitchell

Worth Real Estate, Inc. Listed on: 05/29/2017

Last Buyer's Agent

Nancy Falvey

Better Homes & Gardens Real Estate/The Masiello Group

Better Homes & Gardens Real Estate/The Masiello Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,409

Year Built

  • Built in 1900

Lot Details

  • 10,019 Sq Ft Lot
  • Open Lot

Parking

  • Gravel Driveway

Home Design

  • Victorian Architecture
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Fiberglass Roof
  • Vinyl Siding

Interior Spaces

  • 5 Full Bathrooms
  • 3,288 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Carpet
  • Vinyl

Unfinished Basement

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

Location

  • City Lot

Utilities

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

Listing and Financial Details

  • Tax Lot 159
  • Assessor Parcel Number BELF-000036-000000-000159

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Operating Expense $15,276
  • Gross Income $33,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,409

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.23
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Corner of Cedar and Salmond Streets.
  • Above Grade Finished Sq Ft: 3288.0
  • Architectural Style: Victorian
  • Building Stories: 2
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.23
  • Property Information:Total Baths: 5.0
  • Property Information:SqFt Finished Above Grade: 3288.0
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: 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
  • Exterior:Vinyl Siding: Yes
  • Basement:Unfinished: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 5
  • Foundation Materials:Stone: Yes
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 33300.0
  • Income Expenses Operating Expenses: 15276.0
  • Driveway:Gravel: Yes
  • Equipment:Internet Access Available: Yes
  • Property Information:Bank Owned REO: No
  • Basement Entry:Exterior Only: Yes
  • Roof:Fiberglass: Yes
  • Building Info:_pound_ Floors3: 2
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Walk-Out Access, Full, Exterior Only, Unfinished
  • Full Bathrooms: 5
  • Fireplace: No
  • Flooring: Wood, Vinyl, Carpet
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Open Lot, Sidewalks, Intown
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Stone
  • Roof: Fiberglass, Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gravel

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, 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 71

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10018.8
  • Parcel #: BELF-000036-000000-000159
  • Zoning: See Town

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 33300.0
  • Annual Operating Expense: 15276.0

Tax Info

  • Tax Annual Amount: 5409.0
  • Tax Book Number: 2196
  • Tax Lot: 159
  • Tax Map Number: 36
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2017
Closed on
Oct 11, 2017
Sold by
Whitecap Builders Inc
Bought by
Chip & Old Block Llc
Seller's Agent
Samuel Mitchell
Worth Real Estate, Inc.
Buyer's Agent
Nancy Falvey
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$295,000
Sold Price
$253,450
Premium/Discount to List
-$41,550
-14.08%
Current Estimated Value
$700,590

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$447,140
Avg. Annual Appreciation
13.23%
Original Mortgage
$190,000
Interest Rate
3.82%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Chip & Old Block Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Chip & Oldblock Llc $219,750
Closed Chip & Old Block Llc $190,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2017 10/06/17 Sold $253,450 -14.1% $77 / Sq Ft
08/09/2017 08/09/17 Pending -- -- --
05/29/2017 05/29/17 For Sale $295,000 -- $90 / 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 $8,028 $521,300 $167,700 $353,600
2023 $6,571 $326,900 $69,100 $257,800
2022 $6,715 $313,800 $69,100 $244,700
2021 $6,904 $313,800 $69,100 $244,700
2020 $6,734 $289,000 $64,700 $224,300
2019 $6,618 $289,000 $64,700 $224,300
2018 $6,560 $289,000 $64,700 $224,300
2017 $6,329 $289,000 $64,700 $224,300
2016 $5,409 $236,200 $28,800 $207,400
2015 $5,291 $236,200 $28,800 $207,400
2014 $5,114 $236,200 $28,800 $207,400
2013 $4,913 $236,200 $28,800 $207,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1309403

Maine Listings

APN: BELF-000036-000000-000159