$335,000
SOLD MAY 29, 2025

15 Park St Orono, ME 04473

-- Bed
2 Baths
3,048 Sq Ft
0.27 Acres

Recently Sold

$110 Per Sq Ft

4% Below List Price

34 Days on Market

Highlights

  • Wood Flooring
  • Main Floor Bedroom
  • Bathtub
  • Orono Middle School Rated A
  • No HOA
  • 4-minute walk to Marden Park

About This Home

As of May 2025

A 2 unit property located near the University of Maine. 4 bedroom apartment on the first floor $2,300 rent through May 2025. New lease June 1, 2025 already signed for $2,500 a month rent, which goes through May 2026. 3 bedroom apartment on the second floor $1,950 rent through May 2025. Natural gas boiler provides heat & hot water. Coin op laundry in common area. Tenants pay electricity & internet. Rent includes heat, water, sewer, hot water & yard care.

Last Agent to Sell the Property

Chad Bradbury

ERA Dawson-Bradford Co. Listed on: 12/31/2024

ERA Dawson-Bradford Co.

Last Buyer's Agent

Grace Nash

Realty of Maine

Realty of Maine

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,809

Year Built

  • Built in 1930

Lot Details

  • 0.27 Acre Lot
  • Level Lot
  • Open Lot

Parking

  • Gravel Driveway

Home Design

  • Duplex
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 2 Full Bathrooms
  • Bathtub

Unfinished Basement

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

Location

  • Property is near a golf course

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Tax Lot 109
  • Assessor Parcel Number 15ParkStreetOrono04473

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Coin Laundry

Building Details

  • Operating Expense $27,922
  • Gross Income $50,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,809

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.27
  • MLS Status: Closed
  • Directions: North on Park Street in Orono. Property is on the right.
  • Above Grade Finished Sq Ft: 2300.0
  • Architectural Style: Other
  • Garage Yn: No
  • Unit Levels: Multi-Level
  • Building Stories: 2
  • Structure Type: Duplex
  • Year Built: 1930
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 152.17
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.27
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2300.0
  • Property Information:SqFt Finished Below Grade: 748.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Gas:Natural - On Site: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 2
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 50000.0
  • Income Expenses Operating Expenses: 27922.0
  • Amenities:Bathtub: Yes
  • Driveway:Gravel: Yes
  • Heat System:Direct Vent Furnace: Yes
  • Building Info:_pound_ Floors3: 2
  • Amenities:Laundry - Coin: Yes
  • Advertising Remarks:Advertising Remarks: A 2 unit property located near the University of Maine. 4 bedroom apartment on the first floor $2,300 rent through May 2025. New lease June 1, 2025 already signed for $2,500 a month rent, which goes through May 2026. 3 bedroom apartment on the second floor $1,950 rent through May 2025. Natural gas boiler provides heat & hot water. Coin op laundry in common area. Tenants pay electricity & internet. Rent includes heat, water, sewer, hot water & yard care.
  • Levels:Multi-Level3: Yes
  • Structure Type:Duplex3: Yes
  • Heat System:Zoned: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Interior, Full, Unfinished
  • Full Bathrooms: 2
  • Below Grade Sq Ft: 748.0
  • Fireplace: No
  • Flooring: Wood, Vinyl, Carpet
  • Interior Amenities: 1st Floor Bedroom, Bathtub
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Open, Level, Sidewalks, Near Golf Course, Near Town
  • Waterfront: No
  • Construction Type: Other Exterior, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Shingle

Garage/Parking

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

Utilities

  • Laundry Features: Laundry - Coin
  • Cooling: None
  • Cooling Y N: No
  • Heating: Zoned, Hot Water, Direct Vent Furnace, 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: 11761.2
  • Parcel #: 15ParkStreetOrono04473
  • Zoning: MDR

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 50000.0
  • Annual Operating Expense: 27922.0

Tax Info

  • Tax Annual Amount: 3809.0
  • Tax Lot: 109
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 31, 2024
Closed on
May 29, 2025
Sold by
Bradbury Apartments Inc
Bought by
Hilderbrand James and Hilderbrand Emily
Seller's Agent
Chad Bradbury
ERA Dawson-Bradford Co.
Buyer's Agent
Grace Nash
Realty of Maine
List Price
$350,000
Sold Price
$335,000
Premium/Discount to List
-$15,000
-4.29%
Views
42
Current Estimated Value
$327,540

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,460
Avg. Annual Appreciation
-4.16%
Original Mortgage
$251,250
Outstanding Balance
$250,173
Interest Rate
6.83%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$77,367

Purchase Details

Closed on
Jul 5, 2007
Sold by
Hunter Property Int and Hunter
Bought by
Bradbury Apartments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 4, 2007
Sold by
Hunter Mark L
Bought by
Hunter Property Irt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage
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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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 $335,000 None Available
Warranty Deed $335,000 None Available
Deed -- --
Deed -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $251,250 Purchase Money Mortgage
Closed $251,250 Purchase Money Mortgage
Previous Owner $1,000,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/29/2025 05/29/25 Sold $335,000 -4.3% $110 / Sq Ft
02/03/2025 02/03/25 Pending -- -- --
12/31/2024 12/31/24 For Sale $350,000 -- $115 / 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 $3,815 $178,700 $32,200 $146,500
2023 $3,803 $162,500 $29,300 $133,200
2022 $3,868 $162,500 $29,300 $133,200
2021 $3,859 $162,500 $29,300 $133,200
2020 $3,992 $142,100 $34,200 $107,900
2019 $3,759 $142,100 $34,200 $107,900
2018 $3,837 $142,100 $34,200 $107,900
2017 $3,695 $142,100 $34,200 $107,900
2016 $3,531 $142,100 $34,200 $107,900
2015 $3,467 $142,100 $34,200 $107,900
2014 $3,389 $142,100 $34,200 $107,900
2013 $3,297 $142,100 $34,200 $107,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1611757

Maine Listings

APN: ORON-019004-000000-000109