NOT LISTED FOR SALE

14 Prospect Ave Rumford, ME 04276

Estimated Value: $176,000 - $229,000

Studio
3 Baths
2,730 Sq Ft
$76/Sq Ft Est. Value

Last Sold January 27, 2023

Last sale price $157,000 $58 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $1,289/month

54 Days on Market

Highlights

  • Nearby Water Access
  • Cape Cod Architecture
  • Main Floor Bedroom
  • Scenic Views
  • Wood Flooring
  • 2 Fireplaces

About This Home

As of January 2023

Nice solid 3 unit sits amongst some lovely homes...this property would make a lovely owner occupied investment property! The huge wrap around porch is so welcoming to just sit and relax, the fireplaces, hardwood floors, French doors and built in's offer some lovely character. With driveways on each side of the home your able to park off street and have a little privacy. The 2nd fl unit is vacant and offers 4 bedrooms, 1 bath, a spacious living room an updated kitchen with a cute porch on the back of the home. Property offers 3 separate hot water heaters, replacement windows in 2005+/- roof shingles in 2005+/- and a 2005 Buderus Boiler! Come make this your own...

Last Agent to Sell the Property

Renee Roy

Better Homes & Gardens Real Estate/The Masiello Group Listed on: 11/17/2022

Better Homes & Gardens Real Estate/The Masiello Group

Last Buyer's Agent

Michael Quinn

The Lakes Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,222

Year Built

  • Built in 1910

Lot Details

  • 8,276 Sq Ft Lot
  • Landscaped
  • Level Lot
  • Open Lot

Home Design

  • Cape Cod Architecture
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Tar and Gravel Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,730 Sq Ft Home
  • 3-Story Property
  • 2 Fireplaces
  • Scenic Vista Views
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Walk-In Closet
  • 3 Full Bathrooms

Unfinished Basement

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

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Nearby Water Access
  • Porch

Location

  • City Lot

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 28
  • Assessor Parcel Number RUMF-000121-000000-000028

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • The community has rules related to deed restrictions

Building Details

  • Operating Expense $12,025
  • Gross Income $38,880

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,222

Year Built

Built in 1910

Lot Details

8,276 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.19
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Rt 4 into Livermore, turn left on Canton Rd aka Rt 108 follow as it turns into Bridge St in Rumford, turn right on Prospect Ave, property is on the left see sign
  • Above Grade Finished Sq Ft: 2730.0
  • Architectural Style: Cape, Multi-Level
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1910
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 58.57
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.19
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2730.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: 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
  • Parking:Off Street: Yes
  • Style:Cape: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Walk-Out: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Amenities:Walk-in Closets: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:Stone: Yes
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 38880.0
  • Income Expenses Operating Expenses: 12025.0
  • Style:Multi-Level: Yes
  • Roof:Pitched: Yes
  • Building Info:_pound_ Fireplaces3: 2
  • Parking:Paved3: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Property Information:Deed Restrictions: Yes
  • Property Information:Bank Owned REO: No
  • Equipment:Cable: Yes
  • View:Scenic: Yes
  • Water Heater:Tank: Yes
  • Basement Entry:Exterior Only: Yes
  • Building Info:_pound_ Floors3: 3
  • Roof:TarGravel: Yes
  • Advertising Remarks:Advertising Remarks: Nice solid 3 unit sits amongst some lovely homes...this property would make a lovely owner occupied investment property! The huge wrap around porch is so welcoming to just sit and relax, the fireplaces, hardwood floors, French doors and built in's offer some lovely character. With driveways on each side of the home your able to park off street and have a little privacy. The 2nd fl unit is vacant and offers 4 bedrooms, 1 bath, a spacious living room an updated kitchen with a cute porch on the back of the home. Property offers 3 separate hot water heaters, replacement windows in 2005+/- roof shingles in 2005+/- and a 2005 Buderus Boiler! Come make this your own...Call Renee's Realty Network for a private showing 207-212-3134
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Walk-Out Access, Full, Exterior Only, Unfinished
  • Full Bathrooms: 3
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Wood, Vinyl, Carpet
  • Interior Amenities: 1st Floor Bedroom, Walk-In Closet(s)
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Landscaped, Intown, Near Shopping, Neighborhood
  • View: Scenic
  • Waterfront: No
  • Construction Type: Vinyl Siding, Other Exterior, Wood Frame
  • Foundation Details: Stone, Concrete Perimeter
  • Patio And Porch Features: Porch
  • Roof: Pitched, Shingle, Tar/Gravel
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Other, Paved, Off Street

Utilities

  • Laundry Features: Washer Hookup
  • 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
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8276.4
  • Parcel #: RUMF-000121-000000-000028
  • Zoning: Residential

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 38880.0
  • Annual Operating Expense: 12025.0

Tax Info

  • Tax Annual Amount: 2222.0
  • Tax Lot: 28
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2022
Closed on
Jan 27, 2023
Sold by
Ray Corp
Bought by
Albert Derek and Albert Samantha
Seller's Agent
Renee Roy
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Michael Quinn
The Lakes Real Estate
List Price
$159,900
Sold Price
$157,000
Premium/Discount to List
-$2,900
-1.81%
Current Estimated Value
$207,588

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,588
Avg. Annual Appreciation
9.56%
Original Mortgage
$125,600
Outstanding Balance
$120,945
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$86,643

Purchase Details

Listed on
Nov 27, 2012
Closed on
Feb 4, 2013
Sold by
Fnma
Bought by
Ray Corp
Seller's Agent
Desmond Duguay
Amnet Realty
Buyer's Agent
Matthew Ray
Berkshire Hathaway HomeServices Northeast Real Estate
List Price
$29,900
Sold Price
$20,000
Premium/Discount to List
-$9,900
-33.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.91%
Source: Public Records
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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
Albert Derek $157,000 None Available
Ray Corp $20,000 --
Ray Corp $20,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Albert Derek $125,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/27/2023 01/27/23 Sold $157,000 -1.8% $58 / Sq Ft
11/17/2022 11/17/22 For Sale $159,900 +699.5% $59 / Sq Ft
01/31/2013 01/31/13 Sold $20,000 -33.1% $7 / Sq Ft View Prior Sale
01/17/2013 01/17/13 Pending -- -- --
11/28/2012 11/28/12 For Sale $29,900 -- $11 / Sq Ft
Source: Maine Listings

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
2025 $2,626 $140,200 $18,300 $121,900
2024 $2,330 $140,200 $18,300 $121,900
2023 $2,222 $100,200 $13,100 $87,100
2022 $2,222 $100,200 $13,100 $87,100
2021 $2,249 $100,200 $13,100 $87,100
2020 $2,265 $100,200 $13,100 $87,100
2019 $1,532 $50,240 $5,500 $44,740
2018 $1,495 $50,240 $5,500 $44,740
2017 $1,449 $50,240 $5,500 $44,740
2016 $1,407 $50,240 $5,500 $44,740
2015 $1,379 $50,240 $5,500 $44,740
2014 $1,354 $50,240 $5,500 $44,740
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1548390

Maine Listings

APN: RUMF-000121-000000-000028

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