$350,000
SOLD FEB 23, 2024

1432 Main Rd Eddington, ME 04428

-- Bed
4 Baths
4,020 Sq Ft
3.58 Acres

Recently Sold

$87 Per Sq Ft

10% Below List Price

10 Days on Market

Highlights

  • 3.58 Acre Lot
  • Wood Flooring
  • Baseboard Heating
  • Colonial Architecture
  • No HOA
  • Level Lot

About This Home

As of February 2024

Investors take note.

This turn key 4 unit is recently renovated and in a great location.

Four two bedroom units. Hard wood and laminate flooring throughout.

Laundry hookups in every unit.

New propane boiler installed in 2022.

Last Agent to Sell the Property

Lewis Morris Nicole Drake

NextHome Experience Listed on: 12/01/2023

NextHome Experience

Last Buyer's Agent

Sarah Ryan

Harris Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,710

Year Built

  • Built in 1925

Lot Details

  • 3.58 Acre Lot
  • Level Lot
  • Open Lot

Parking

  • Gravel Driveway

Home Design

  • 4,020 Sq Ft Home
  • Colonial Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Metal Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Flooring

  • Wood
  • Carpet
  • Laminate

Basement

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

Utilities

  • No Cooling
  • Heating System Uses Propane
  • Baseboard Heating
  • Hot Water Heating System
  • Gas Water Heater
  • Septic System
  • Private Sewer

Additional Features

  • 4 Full Bathrooms
  • Washer and Dryer Hookup
  • Outbuilding
  • Suburban Location

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number EDDI-000028-000000-000003

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $10,500
  • Gross Income $59,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,710

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 3.58
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: GPS friendly
  • Above Grade Finished Sq Ft: 4020.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Year Built: 1925
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 3.58
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 4020.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Water:Public3: Yes
  • Water Heater:Gas: Yes
  • Exterior:Vinyl Siding: Yes
  • Amenities:Laundry - Hookup: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Roof:Metal: Yes
  • Floors:Laminate: Yes
  • Location:Suburban: Yes
  • Property Information:Number of Units: 4
  • Income Expenses Gross Income: 59400.0
  • Income Expenses Operating Expenses: 10500.0
  • Style:Colonial: Yes
  • Sewer:Private Sewer: Yes
  • Driveway:Gravel: Yes
  • Sewer:Septic Existing on Site: Yes
  • Other Structures:Out Building: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Exterior Entry, Bulkhead
  • Full Bathrooms: 4
  • Flooring: Wood, Laminate, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Suburban
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Other Structures: Outbuilding
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Gravel

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer, Septic Existing on Site
  • 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: 155944.8
  • Parcel #: EDDI-000028-000000-000003
  • Zoning: Residential

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 59400.0
  • Annual Operating Expense: 10500.0

Tax Info

  • Tax Annual Amount: 3710.0
  • Tax Book Number: 16217
  • Tax Lot: 3
  • Tax Map Number: 28
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2023
Closed on
Feb 23, 2024
Sold by
Ross Tyler O
Bought by
Mccluskey Jacob and Mccluskey Amanda
Seller's Agent
Lewis Morris Nicole Drake
NextHome Experience
Buyer's Agent
Sarah Ryan
Harris Real Estate
List Price
$389,900
Sold Price
$350,000
Premium/Discount to List
-$39,900
-10.23%
Views
4
Current Estimated Value
$370,721

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,721
Avg. Annual Appreciation
4.13%
Original Mortgage
$343,660
Outstanding Balance
$339,289
Interest Rate
6.66%
Mortgage Type
FHA
Estimated Equity
$31,432

Purchase Details

Closed on
Sep 30, 2021
Sold by
Runnells Properties Llc
Bought by
Oxton-Ross Tyler

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,471
Interest Rate
2.8%
Mortgage Type
FHA

Purchase Details

Listed on
Jun 26, 2017
Closed on
Dec 12, 2017
Sold by
Lnv Corp
Bought by
Runnells Derek
Seller's Agent
David Caliendo
CENTURY 21 Queen City Real Estate
Buyer's Agent
John Walker
First Choice Real Estate
List Price
$94,900
Sold Price
$62,000
Premium/Discount to List
-$32,900
-34.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.37%
Original Mortgage
$148,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 21, 2017
Sold by
Shorey Cheryl and Lnv Corp
Bought by
Lnv Corp

Purchase Details

Closed on
Jun 18, 2013
Sold by
Deutsche Bk Natl T Co Tr
Bought by
Shorey Cheryl
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $350,000 None Available
Warranty Deed -- None Available
Warranty Deed $62,000 --
Foreclosure Deed -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $343,660 FHA
Previous Owner $245,471 FHA
Previous Owner $148,000 New Conventional
Previous Owner $153,750 Commercial
Previous Owner $104,000 Commercial
Previous Owner $26,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2024 02/23/24 Sold $350,000 -10.2% $87 / Sq Ft
12/11/2023 12/11/23 Pending -- -- --
12/01/2023 12/01/23 For Sale $389,900 +528.9% $97 / Sq Ft
12/08/2017 12/08/17 Sold $62,000 -34.7% $15 / Sq Ft
11/03/2017 11/03/17 Pending -- -- --
06/26/2017 06/26/17 For Sale $94,900 -- $24 / 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 $4,481 $226,909 $33,870 $193,039
2023 $3,937 $226,909 $33,870 $193,039
2022 $3,710 $226,909 $33,870 $193,039
2021 $3,632 $209,360 $33,870 $175,490
2020 $3,706 $209,360 $33,870 $175,490
2019 $3,885 $209,360 $33,870 $175,490
2018 $3,266 $209,360 $33,870 $175,490
2017 $3,360 $209,360 $33,870 $175,490
2016 $3,151 $209,360 $33,870 $175,490
2015 $2,990 $209,360 $33,870 $175,490
2014 $2,990 $209,360 $33,870 $175,490
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1578485

Maine Listings

APN: EDDI-000028-000000-000003