NOT LISTED FOR SALE

1428 Us Hwy 1 Hancock, ME 04640

Estimated Value: $435,000

-- Bed
3.5 Baths
3,005 Sq Ft
$145/Sq Ft Est. Value

Last Sold November 12, 2019

Last sale price $200,000 $67 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $2,465/month

385 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Bathtub
  • Main Floor Bedroom
  • Porch
  • Forced Air Heating System

About This Home

As of November 2019

RENOVATED stately eye catching Mansard right in the heart of the village. There is nothing left to be done here meaning potentially years of income with minimal maintenance. Since the renovation was completed, rents were able to be increased by almost 50%! Large first floor apartment could potentially be used for business as well.

Last Agent to Sell the Property

Jefferson Clark

Better Homes & Gardens Real Estate/The Masiello Group Listed on: 07/19/2019

Last Buyer's Agent

Joshua Shelton

Acadia Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,781

Year Built

  • Built in 1870

Lot Details

  • 1 Acre Lot
  • Level Lot
  • Open Lot

Home Design

  • Mansard Roof Shape
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Clap Board Siding
  • Clapboard

Interior Spaces

  • 3,005 Sq Ft Home
  • 3-Story Property
  • Laundry on main level

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Bathtub

Unfinished Basement

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

Parking

  • Gravel Driveway
  • Off-Street Parking

Utilities

  • No Cooling
  • Forced Air Heating System
  • Space Heater
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Private Water Source
  • Well
  • Electric Water Heater
  • Septic System
  • Private Sewer
  • Internet Available

Additional Features

  • Porch
  • City Lot

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Tax Lot 26
  • Assessor Parcel Number 1428US Route 1Hancock21026

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,781

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 1.0
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Take RT1 east to Hancock. Building is on the left in the center of the village.
  • Above Grade Finished Sq Ft: 3005.0
  • Architectural Style: Mansard
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1870
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 1.0
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 3005.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: 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
  • Electric:Circuit Breakers: Yes
  • Heat Fuel:Electric: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:Stone: Yes
  • Exterior:Clapboard: Yes
  • Building Info:_pound_ Stories2: 3
  • Amenities:Bathtub: Yes
  • Sewer:Private Sewer: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Basement:Dirt Floor: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Equipment:Internet Access Available: Yes
  • Property Information:Deed Restrictions: Unknown
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Property Information:Bank Owned REO: No
  • Heat System:Space Heater: Yes
  • Foundation Materials:Granite2: Yes
  • Style:Mansard: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Dirt Floor, Full, Exterior Entry, Bulkhead, Unfinished
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Fireplace: No
  • Flooring: Wood, Vinyl, Carpet
  • Interior Amenities: 1st Floor Bedroom, Bathtub
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Intown
  • Waterfront: No
  • Construction Type: Clapboard, Wood Frame
  • Foundation Details: Stone, Granite
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Space Heater, Hot Water, Forced Air, Baseboard, Hot Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer, Septic Existing on Site
  • Utilities: Utilities On
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 43560.0
  • Parcel #: 1428US Route 1Hancock21026
  • Zoning: Commercial

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 1781.0
  • Tax Book Number: 3250
  • Tax Lot: 26
  • Tax Map Number: 210
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2019
Closed on
Nov 12, 2019
Sold by
Parrot Edward G and Covert Christine J
Bought by
Simon Eli M
Seller's Agent
Jefferson Clark
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Joshua Shelton
Acadia Realty Group
List Price
$249,000
Sold Price
$200,000
Premium/Discount to List
-$49,000
-19.68%
Current Estimated Value
$435,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$235,000
Avg. Annual Appreciation
14.10%
Original Mortgage
$150,000
Outstanding Balance
$131,961
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$303,039
Source: Public Records

Range of Values:

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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
Simon Eli M -- --
Simon Eli M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simon Eli M $150,000
Closed Simon Eli M $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2019 11/12/19 Sold $200,000 -19.7% $67 / Sq Ft
07/18/2019 07/18/19 Pending -- -- --
06/27/2018 06/27/18 For Sale $249,000 -- $83 / 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 $1,902 $161,900 $37,500 $124,400
2023 $1,700 $161,900 $37,500 $124,400
2022 $1,700 $161,900 $37,500 $124,400
2021 $1,781 $161,900 $37,500 $124,400
2019 $1,732 $161,900 $37,500 $124,400
2018 $1,781 $161,900 $37,500 $124,400
2017 $1,781 $161,900 $37,500 $124,400
2016 $1,781 $161,900 $37,500 $124,400
2015 $1,502 $145,100 $37,500 $107,600
2014 $1,451 $145,100 $37,500 $107,600
2013 $1,563 $157,100 $37,500 $119,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1358284

Maine Listings

APN: HANK-000210-000000-000026