NOT LISTED FOR SALE

137 Main St Cherryfield, ME 04622

Estimated Value: $217,000 - $268,000

Studio
3 Baths
3,500 Sq Ft
$68/Sq Ft Est. Value

Sale Details

Date Sold: May 20, 2024

Last sale price $225,000 $64 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,457 / mo

242 Days on Market

Highlights

  • Nearby Water Access
  • New Englander Architecture
  • No HOA
  • River Front
  • Main Floor Bedroom
  • 2 Car Direct Access Garage

About This Home

As of May 2024

A terrific opportunity to own a multi family plus a commercial first floor space which is currently C.H. Mathews Grocery Store. This Main Street in-town location has been serving customers since 1891. The building had major renovations and was expanded in the early 2000's. There are a total of 7,000 square feet. Gross income figure includes an estimate for the commercial space of $2500/ month if renting the store to a tenant. Always wanted to have your own store or retail space as well as residential units? Take a look today!

Last Agent to Sell the Property

Tom Cole

NextHome Premier Realty Listed on: 07/14/2023

NextHome Premier Realty

Last Buyer's Agent

Tom Cole

NextHome Premier Realty Listed on: 07/14/2023

NextHome Premier Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,604

Year Built

  • Built in 1850

Lot Details

  • 1.1 Acre Lot
  • River Front
  • Property fronts a private road
  • Open Lot
  • Lot Has A Rolling Slope

Parking

  • 2 Car Direct Access Garage
  • Gravel Driveway
  • Off-Street Parking

Home Design

  • New Englander Architecture
  • Concrete Foundation
  • Stone Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Composition Roof
  • Clap Board Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 3,500 Sq Ft Home
  • Double Pane Windows
  • Storage
  • Water Views

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 3 Full Bathrooms

Basement

  • Partial Basement
  • Interior Basement Entry

Outdoor Features

  • Nearby Water Access

Location

  • Property is near shops
  • City Lot

Utilities

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

Listing and Financial Details

  • Tax Lot 18
  • Assessor Parcel Number CHRY-000013U-000000-000018-000002

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $12,000
  • Gross Income $63,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,604

Year Built

Built in 1850

Lot Details

1.1 Acres

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 1.1
  • Road Frontage Type: Private
  • Road Surface Type: Paved
  • Water Body Name: Narraguagus River
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 3500.0
  • Architectural Style: New Englander
  • Garage Yn: Yes
  • Efficiency: Double Pane Windows
  • Year Built: 1850
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 74.0
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 1.1
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3500.0
  • Property Information:Garage: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Storage: Yes
  • Property Information:Garage Spaces: 2.0
  • Roads:Private: Yes
  • Exterior:Vinyl Siding: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Vehicle Storage:Direct Entry to Living: Yes
  • Gas:No Gas: Yes
  • Basement:Partial: Yes
  • Roof:Composition2: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:Stone: Yes
  • Exterior:Clapboard: Yes
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 63600.0
  • Income Expenses Operating Expenses: 12000.0
  • Sewer:Private Sewer: Yes
  • Recreational Water:Nearby: Yes
  • Basement:Slab2: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Site:RollingSloping: Yes
  • Energy Efficiency:Double Pane Windows: Yes
  • Style:New Englander: Yes
  • Advertising Remarks:Advertising Remarks: A terrific opportunity to own a multi family plus a commercial first floor space which is currently C.H. Mathews Grocery Store. This Main Street in-town location has been serving customers since 1891. The building had major renovations and was expanded in the early 2000's. There are a total of 7,000 square feet. Gross income figure includes an estimate for the commercial space of $2500/ month if renting the store to a tenant. Always wanted to have your own store or retail space as well as residential units? Take a look today call Tom Cole, REALTOR 207-522-3375.
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Partial, Interior Entry
  • Full Bathrooms: 3
  • Flooring: Vinyl, Carpet
  • Interior Amenities: 1st Floor Bedroom, Storage

Exterior Features

  • Lot Features: Open Lot, Rolling Slope, Intown, Near Shopping
  • Waterfront Features: River
  • Waterfront: No
  • Construction Type: Vinyl Siding, Clapboard, Wood Frame
  • Foundation Details: Stone, Concrete Perimeter, Slab
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: 11 - 20 Spaces, Gravel, Paved, Inside Entrance, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Baseboard
  • 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: 47916.0
  • Parcel #: CHRY-000013U-000000-000018-000002
  • Zoning: general

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 63600.0
  • Annual Operating Expense: 12000.0

Tax Info

  • Tax Annual Amount: 4604.0
  • Tax Lot: 18
  • Tax Year: 2022

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2023
Closed on
May 20, 2024
Sold by
Bought by
Seller's Agent
Tom Cole
NextHome Premier Realty
Buyer's Agent
Tom Cole
NextHome Premier Realty
List Price
$290,000
Sold Price
$225,000
Premium/Discount to List
-$65,000
-22.41%
Views
9
Current Estimated Value
$238,376

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,376
Avg. Annual Appreciation
2.72%

Purchase Details

Closed on
Jun 10, 2022
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$225,000 None Available
-- None Available
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/20/2024 05/20/24 Sold $225,000 -22.4% $64 / Sq Ft
03/12/2024 03/12/24 Pending -- -- --
07/14/2023 07/14/23 For Sale $290,000 -- $83 / Sq Ft
Source: Maine Listings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,038 $97,500 $14,700 $82,800
2023 $1,970 $97,500 $14,700 $82,800
2022 $4,604 $239,800 $14,700 $225,100
2021 $5,036 $239,800 $14,700 $225,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1565392

Maine Listings

APN: CHRY M:U13 L:018-002

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