NOT LISTED FOR SALE

16 Center St Rangeley, ME 04970

Estimated Value: $237,151 - $455,000

-- Bed
2 Baths
1,625 Sq Ft
$181/Sq Ft Est. Value

Last Sold November 22, 2021

Last sale price $145,000 $89 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $1,733/month

4 Days on Market

Highlights

  • Nearby Water Access
  • New Englander Architecture
  • No HOA
  • Public Beach
  • Main Floor Bedroom
  • Level Lot

About This Home

As of November 2021

Village Multi Family - Great opportunity for rental income to pay your mortgage! This property currently has 3 units, one is unfinished with great potential for 1 or 2 bedroom unit. All 3 units have monitor heat and are year round with town water and town sewer. Located in the center of town and walking distance to all towns amenities. Rental units are needed in town, take a look today and grab this investment property before someone else does!

Last Agent to Sell the Property

James Eastlack

Morton & Furbish Agency Listed on: 08/02/2021

Last Buyer's Agent

Krista Jamison

Morton & Furbish Agency

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,744

Year Built

  • Built in 1948

Lot Details

  • 10,019 Sq Ft Lot
  • Public Beach
  • Level Lot
  • Open Lot

Home Design

  • New Englander Architecture
  • Pillar, Post or Pier Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Concrete Fiber Board Siding

Interior Spaces

  • 1,625 Sq Ft Home
  • Crawl Space

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 2 Full Bathrooms

Parking

  • Common or Shared Parking
  • Gravel Driveway
  • Shared Driveway

Utilities

  • No Cooling
  • Heating System Uses Kerosene
  • Heating System Mounted To A Wall or Window
  • Natural Gas Not Available
  • Electric Water Heater

Additional Features

  • Nearby Water Access
  • City Lot

Listing and Financial Details

  • Tax Lot 75
  • Assessor Parcel Number RANG-000035-000000-000075

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $2,000
  • Gross Income $6,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,744

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.23
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Follow main street to center street, property is 3rd on the left. #16
  • Above Grade Finished Sq Ft: 1625.0
  • Architectural Style: New Englander
  • Garage Yn: No
  • Year Built: 1948
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.23
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1625.0
  • 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
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:Stone: Yes
  • Income Expenses Gross Income: 6000.0
  • Income Expenses Operating Expenses: 2000.0
  • Location:Near Public Beach: Yes
  • Basement:Crawl Space: Yes
  • Foundation Materials:PillarPostPier: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Heat Fuel:K-1Kerosene: Yes
  • Driveway:Gravel: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Heat System:Direct Vent Heater: Yes
  • Exterior:Fiber Cement: Yes
  • Style:New Englander: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Crawl Space, Not Applicable
  • Full Bathrooms: 2
  • Flooring: Vinyl, Laminate
  • Interior Amenities: 1st Floor Bedroom

Exterior Features

  • Lot Features: Level, Open Lot, Intown, Near Public Beach, Near Shopping
  • Waterfront: No
  • Construction Type: Fiber Cement, Wood Frame
  • Foundation Details: Stone, Pillar/Post/Pier
  • Roof: Shingle

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Heater
  • 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: 10018.8
  • Parcel #: RANG-000035-000000-000075
  • Zoning: Village

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 6000.0
  • Annual Operating Expense: 2000.0

Tax Info

  • Tax Annual Amount: 1744.0
  • Tax Book Number: 3172
  • Tax Lot: 75
  • Tax Map Number: 35
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2021
Closed on
Nov 22, 2021
Sold by
Holbrook Matthew
Bought by
Simpson Cedric and Simpson J E
Seller's Agent
James Eastlack
Morton & Furbish Agency
Buyer's Agent
Krista Jamison
Morton & Furbish Agency
List Price
$149,000
Sold Price
$145,000
Premium/Discount to List
-$4,000
-2.68%
Current Estimated Value
$294,788

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,788
Avg. Annual Appreciation
19.95%
Original Mortgage
$155,000
Outstanding Balance
$142,227
Interest Rate
3.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$152,561

Purchase Details

Closed on
Jun 10, 2009
Sold by
Levesque Susan G
Bought by
Susan G Levesque T

Purchase Details

Closed on
Aug 17, 2005
Sold by
Nuttall Nicholas R
Bought by
Levesque Susan G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.66%
Mortgage Type
Commercial
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 Buyer Sale Price Title Company
Simpson Cedric -- None Available
Susan G Levesque T -- --
Levesque Susan G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simpson Cedric $155,000
Previous Owner Levesque Susan G $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/22/2021 11/22/21 Sold $145,000 -2.7% $89 / Sq Ft
08/07/2021 08/07/21 Pending -- -- --
08/02/2021 08/02/21 For Sale $149,000 -- $92 / 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 $2,025 $165,600 $36,900 $128,700
2023 $2,025 $165,600 $36,900 $128,700
2022 $1,791 $118,900 $26,400 $92,500
2021 $1,763 $118,900 $26,400 $92,500
2020 $1,646 $118,900 $26,400 $92,500
2019 $1,659 $118,900 $26,400 $92,500
2018 $1,605 $118,900 $26,400 $92,500
2017 $1,494 $117,900 $26,400 $91,500
2016 $1,405 $117,900 $26,400 $91,500
2015 $1,350 $117,900 $26,400 $91,500
2014 $1,362 $117,900 $26,400 $91,500
2013 $1,379 $117,900 $26,400 $91,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1503273

Maine Listings

APN: RANG-000035-000000-000075