NOT LISTED FOR SALE

Estimated Value: $294,713 - $444,000

4 Beds
2 Baths
1,140 Sq Ft
$333/Sq Ft Est. Value

Last Sold June 18, 2021

Last sale price $115,000 $101 Per Sq Ft

Est. 230% increase in value since last sale

Current estimated payment $2,336/month

17 Days on Market

Highlights

  • 7 Acre Lot
  • New Englander Architecture
  • Hot Water Heating System
  • Wood Flooring
  • No HOA
  • Open Lot

About This Home

As of June 2021

Here's your chance to get into an affordable property in New Gloucester! This two unit is diamond in the rough sited on 7 acres of land with frontage on both Peacock Hill Road and Route 202 just may be just what you're looking for.
* Property must be exposed in MLS for a minimum of 7 calendar days before any offer is negotiated or accepted (May 15, 2021)
Property will not qualify for traditional FHA, RD, VA financing due to condition; any financed offers will require a renovation mortgage.
**OWNER OCCUPANTS only For the first 20 days the property is marketed - through May 28, 2021 - during this period, the buyer must be willing to sign an owner occupancy disclosure which can be found in the attachments.

Last Listed By

Kathleen Phillips LaBombard

Ocean Gate Realty, LLC. Listed on: 05/08/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,562

Year Built

  • Built in 1860

Lot Details

  • 7 Acre Lot
  • Open Lot

Parking

  • Gravel Driveway

Home Design

  • 1,140 Sq Ft Home
  • New Englander Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Fiberglass Roof
  • Wood Siding

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Full Bathrooms

Unfinished Basement

  • Brick Basement
  • Exterior Basement Entry

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Hot Water Heating System
  • Natural Gas Not Available
  • Private Water Source
  • Private Sewer

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Tax Lot 63
  • Assessor Parcel Number NEWG-000010-000000-000063

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,562

Year Built

Built in 1860

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 7.0
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From Gray, travel on Route 202 toward Auburn - bear right onto Peacock Hill Road - in the Upper Village.
  • Above Grade Finished Sq Ft: 1140.0
  • Architectural Style: New Englander
  • Garage Yn: No
  • Year Built: 1860
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 7.0
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1140.0
  • Property Information:Garage: No
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Basement:Unfinished: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Exterior:Wood Siding: Yes
  • Sewer:Private Sewer: Yes
  • Property Information:Short Sale Continue to Show: No
  • Basement:BrickMortar: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: Yes
  • Basement Entry:Exterior Only: Yes
  • Style:New Englander: Yes
  • Roof:Fiberglass: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Brick/Mortar, Exterior Only, Unfinished
  • Full Bathrooms: 2
  • Flooring: Wood, Vinyl, Carpet

Exterior Features

  • Lot Features: Open Lot, Near Turnpike/Interstate, Near Town
  • Waterfront: No
  • Construction Type: Wood Siding, Wood Frame
  • Roof: Fiberglass, Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gravel

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water
  • Heating Yn: Yes
  • Electric: Unknown
  • Sewer: Private Sewer
  • Utilities: Utilities On
  • Water Source: Private

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 304920.0
  • Parcel #: NEWG-000010-000000-000063
  • Zoning: BB

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2562.0
  • Tax Book Number: 6506
  • Tax Lot: 63
  • Tax Map Number: 10
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2021
Closed on
Jun 18, 2021
Sold by
Us Bank Na Tr
Bought by
Skurka James M
Seller's Agent
Kathleen Phillips LaBombard
Ocean Gate Realty, LLC.
Buyer's Agent
Dawn Marston
RE/MAX Shoreline
List Price
$115,000
Sold Price
$115,000
Total Days on Market
17
Current Estimated Value
$379,238

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$264,238
Avg. Annual Appreciation
29.84%
Original Mortgage
$125,000
Outstanding Balance
$115,366
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$203,005

Purchase Details

Listed on
May 8, 2021
Closed on
May 4, 2021
Sold by
Us Bank Na
Bought by
Us Bank Na Tr
Seller's Agent
Kathleen Phillips LaBombard
Ocean Gate Realty, LLC.
Buyer's Agent
Dawn Marston
RE/MAX Shoreline
List Price
$115,000
Sold Price
$115,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Outstanding Balance
$115,366
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$203,005

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
Skurka James M -- None Available
Us Bank Na Tr -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Skurka James M $125,000
Previous Owner Porter Ronald L $115,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2021 06/18/21 Sold $115,000 0.0% $101 / Sq Ft
05/26/2021 05/26/21 Pending -- -- --
05/08/2021 05/08/21 For Sale $115,000 -- $101 / 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 $2,795 $187,718 $82,900 $104,818
2023 $2,682 $187,718 $82,900 $104,818
2022 $2,591 $187,718 $82,900 $104,818
2021 $2,591 $187,718 $82,900 $104,818
2020 $2,562 $187,718 $82,900 $104,818
2019 $2,851 $168,700 $79,000 $89,700
2018 $2,255 $168,700 $79,000 $89,700
2017 $2,632 $168,700 $79,000 $89,700
2016 $2,480 $168,700 $79,000 $89,700
2015 $2,471 $168,700 $79,000 $89,700
2014 $2,446 $168,700 $79,000 $89,700
2013 $2,269 $168,700 $79,000 $89,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1490782

Maine Listings

APN: NEWG-000010-000000-000063