NOT LISTED FOR SALE

150 Main Rd Milford, ME 04461

Estimated Value: $257,000 - $311,373

4 Beds
2 Baths
2,072 Sq Ft
$136/Sq Ft Est. Value

Last Sold February 28, 2020

Last sale price $156,200 $75 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $1,808/month

Highlights

  • Deeded Waterfront Access Rights
  • Raised Ranch Architecture
  • No HOA
  • 100 Feet of Waterfront
  • Main Floor Bedroom
  • 2 Car Direct Access Garage

About This Home

As of February 2020

SEE THE SUNSET OVER WATER EVERYDAY! Hidden gem of a 2 unit on the Penobscot River and just 10 minutes from Univ of ME campus. Extensive renovations to both units include flooring, bathrooms, painting and kitchen upgrades. More upgrades include the new roof shingles and new Baisi boiler system, Heat costs of 1100 gallons of oil/year includes heat and hot water for the whole year and has improved with the installation of new exterior doors and removal of a sliding glass door. No environmental worries on this waterfront; home; serviced by town water and town sewer. Two garages, one for each unit. Currently rented to family at a discounted rent of $700/unit and includes heat water & sewer. Should easily rent for $900/unit/month. Basement unit has easy walk out access to the backyard and has the best subset everyday.

Last Agent to Sell the Property

Phil Cormier

Keller Williams Realty Brokerage Phone: 207-745-7070 Listed on: 11/10/2019

Keller Williams Realty

Last Buyer's Agent

Philip Cormier

ERA Dawson-Bradford Co.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,850

Year Built

  • Built in 1990

Lot Details

  • 0.25 Acre Lot
  • 100 Feet of Waterfront
  • River Front
  • Landscaped
  • Level Lot

Parking

  • 2 Car Direct Access Garage
  • Driveway

Property Views

  • Water
  • Scenic Vista

Home Design

  • Raised Ranch Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Vertical Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Laundry on main level

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 2 Full Bathrooms
  • Shower Only

Finished Basement

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

Outdoor Features

  • Deeded Waterfront Access Rights
  • River Nearby
  • Porch

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Water Heater
  • Internet Available
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number MILD-000026-000000-000004

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $8,513
  • Gross Income $16,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,850

Year Built

Built in 1990

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.25
  • Water Body Name: Penobscot River
  • MLS Status: Closed
  • Directions: From Old Town, take Rte 2 North to Milford. 0.5 miles past Rte 178, subject property will be on the left, river side of street
  • Above Grade Finished Sq Ft: 1036.0
  • Architectural Style: Raised Ranch
  • Garage Yn: Yes
  • Efficiency: Ceiling Fans
  • Building Stories: 2
  • Year Built: 1990
  • Attribution Contact: 207-745-7070
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 156.58
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.25
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1036.0
  • Property Information:SqFt Finished Below Grade: 1036.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Percent Basement Finished: 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
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Property Information:Garage Spaces: 2.0
  • Amenities:One-Floor Living: Yes
  • Amenities:Shower: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Vehicle Storage:Direct Entry to Living: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 2
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 16800.0
  • Income Expenses Operating Expenses: 8513.0
  • Parking:On Site2: Yes
  • Exterior:Wood Siding: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Parking:Paved3: Yes
  • Gas:Natural - At Street: Yes
  • Recreational Water:RiverBrookStream: Yes
  • Water Info:Waterfront Amount -: 100.0
  • Water Info:Water Frontage Owned -: 100.0
  • Recreational Water:Deeded: Yes
  • Equipment:Internet Access Available: Yes
  • Property Information:Deed Restrictions: Unknown
  • Equipment:Cable: Yes
  • Equipment:Satellite Dish: Yes
  • Energy Efficiency:Ceiling Fans: Yes
  • View:Scenic: Yes
  • Water Heater:Tank: Yes
  • Exterior:Vertical Siding: Yes
  • Style:Raised Ranch: Yes
  • Building Info:_pound_ Floors3: 2
  • Advertising Remarks:Advertising Remarks: SEE THE SUNSET OVER WATER EVERYDAY! Hidden gem of a 2 unit on the Penobscot River and just 10 minutes from Univ of ME campus. Extensive renovations to both units include flooring, bathrooms, painting and kitchen upgrades. More upgrades include the new roof shingles and new Baisi boiler system, Heat costs of 1100 gallons of oil/year includes heat and hot water for the whole year and has improved with the installation of new exterior doors and removal of a sliding glass door. No environmental worries on this waterfront; home; serviced by town water and town sewer. Two garages, one for each unit. Currently rented to family at a discounted rent of $700/unit and includes heat water & sewer. Should easily rent for $900/unit/month. Basement unit has easy walk out access to the backyard and has the best subset everyday. For 24/7 service, call Philip Cormier 207-745-7070 or philipcormier@kw.com
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Walk-Out Access, Finished, Full, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Below Grade Sq Ft: 1036.0
  • Fireplace: No
  • Flooring: Vinyl, Laminate, Carpet
  • Interior Amenities: 1st Floor Primary Bedroom w/Bath, One-Floor Living, Shower
  • Stories: 2
  • Full Basement: Yes
  • Amenities 1st Floor Primary BR wBath: Yes

Exterior Features

  • Lot Features: Level, Landscaped, Near Town, Subdivided
  • View: Scenic
  • Waterfront Features: River
  • Waterfront: Yes
  • Construction Type: Wood Siding, Vertical Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: 1 - 4 Spaces, Paved, On Site, Detached, Inside Entrance

Utilities

  • Laundry Features: Laundry - 1st Floor, Upper Level, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10890.0
  • Parcel #: MILD-000026-000000-000004
  • Zoning: Shoreland

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 16800.0
  • Annual Operating Expense: 8513.0

Tax Info

  • Tax Annual Amount: 2850.0
  • Tax Lot: 4
  • Tax Year: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2019
Closed on
Feb 28, 2020
Sold by
Nelson David B and Nelson Vicki G
Bought by
Lane Floyd L
Seller's Agent
Phil Cormier
Keller Williams Realty
Buyer's Agent
Philip Cormier
ERA Dawson-Bradford Co.
List Price
$162,222
Sold Price
$156,200
Premium/Discount to List
-$6,022
-3.71%
Current Estimated Value
$294,621

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,421
Avg. Annual Appreciation
10.44%
Original Mortgage
$153,370
Outstanding Balance
$135,509
Interest Rate
3.6%
Mortgage Type
FHA
Estimated Equity
$145,335

Purchase Details

Closed on
Jul 19, 2019
Sold by
Nelson David B and Nelson Vicki G
Bought by
Nelson David B and Nelson Vicki G

Purchase Details

Closed on
Aug 2, 2018
Sold by
Geiser Shane and Geiser Ann
Bought by
Craig Dyer Enterprises

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 2015
Sold by
Ocwen Loan Servicing Llc
Bought by
Fhlmc

Purchase Details

Closed on
Sep 29, 2011
Sold by
Kuan Hsin C A
Bought by
Gmac Mortgage Llc
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
Lane Floyd L -- None Available
Nelson David B -- --
Craig Dyer Enterprises -- --
Fhlmc -- --
Gmac Mortgage Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lane Floyd L $153,370
Previous Owner Craig Dyer Enterprises $128,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/28/2020 02/28/20 Sold $156,200 -3.7% $75 / Sq Ft
11/10/2019 11/10/19 Pending -- -- --
11/10/2019 11/10/19 For Sale $162,222 +170.4% $78 / Sq Ft
08/19/2015 08/19/15 Sold $60,000 -50.0% $29 / Sq Ft View Prior Sale
07/05/2015 07/05/15 Pending -- -- --
01/30/2015 01/30/15 For Sale $119,900 -- $58 / 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
2025 $3,340 $135,700 $31,700 $104,000
2024 $2,985 $135,700 $31,700 $104,000
2023 $2,850 $135,700 $31,700 $104,000
2022 $2,443 $135,700 $31,700 $104,000
2021 $2,443 $135,700 $31,700 $104,000
2020 $2,646 $135,700 $31,700 $104,000
2019 $2,850 $135,700 $31,700 $104,000
2018 $2,850 $135,700 $31,700 $104,000
2017 $2,755 $135,700 $31,700 $104,000
2016 $2,612 $135,700 $31,700 $104,000
2015 $2,490 $135,700 $31,700 $104,000
2014 $2,253 $135,700 $31,700 $104,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1438721

Maine Listings

APN: MILD-000026-000000-000004