NOT LISTED FOR SALE

16 Central St Hallowell, ME 04347

Estimated Value: $435,383

5 Beds
3 Baths
3,660 Sq Ft
$119/Sq Ft Est. Value

Last Sold August 31, 2020

Last sale price $290,000 $79 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $2,732/month

7 Days on Market

Highlights

  • The property is located in a historic district
  • Wood Flooring
  • Cooling Available
  • Colonial Architecture
  • No HOA
  • 2-minute walk to Granite City Park

About This Home

As of August 2020

Gracious Federal style home in the heart of Historic Hallowell and the Kennebec River. Just two blocks from downtown restaurants, bars and entertainment. Two units feature 2 plus bedrooms each and one unit offers 1 bedroom. Lots of antique charm. Tenants pay their own heat, hot water and electricity. Parking on site. Big deck on the second floor unit. Ideal as an owner occupied unit or as an investment. Shed does not stay.

Last Listed By

Earle Kenney

Sprague & Curtis Real Estate Brokerage Email: earle@spragueandcurtis.com Listed on: 06/04/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,536

Year Built

  • Built in 1820

Lot Details

  • 8,712 Sq Ft Lot
  • Level Lot
  • Open Lot

Parking

  • Gravel Driveway

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Shingle Roof
  • Masonry

Interior Spaces

  • 3 Full Bathrooms
  • 3,660 Sq Ft Home
  • Unfinished Basement
  • Exterior Basement Entry

Flooring

  • Wood
  • Carpet
  • Vinyl

Location

  • The property is located in a historic district
  • City Lot

Utilities

  • Cooling Available
  • Heating System Uses Oil
  • Heat Pump System
  • Baseboard Heating
  • Natural Gas Not Available
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 54
  • Assessor Parcel Number HALL-000009-000000-000054

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $5,157
  • Gross Income $32,340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,536

Year Built

Built in 1820

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Central Street is off Water Street
  • Above Grade Finished Sq Ft: 3660.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Year Built: 1820
  • Attribution Contact: earle@spragueandcurtis.com
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.2
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3660.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Cooling:Heat Pump3: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 3
  • Income Expenses Gross Income: 32340.0
  • Income Expenses Operating Expenses: 5157.0
  • Style:Colonial: Yes
  • Location:Historic District: Yes
  • Driveway:Gravel: Yes
  • Property Information:Bank Owned REO: No
  • Exterior:Brick: Yes
  • Construction:Masonry: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Exterior Entry, Bulkhead, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl, Carpet

Exterior Features

  • Lot Features: Level, Open Lot, Historic District, Intown
  • Waterfront: No
  • Construction Type: Brick, Masonry
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gravel

Utilities

  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Heat Pump, 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: 8712.0
  • Parcel #: HALL-000009-000000-000054
  • Zoning: Residential

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 32340.0
  • Annual Operating Expense: 5157.0

Tax Info

  • Tax Annual Amount: 3536.0
  • Tax Book Number: 11848
  • Tax Lot: 54
  • Tax Map Number: 9
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2020
Closed on
Aug 31, 2020
Sold by
Turner Adam F
Bought by
16 Central Street Llc
Seller's Agent
Earle Kenney
Sprague & Curtis Real Estate
Buyer's Agent
Kim Gleason
McAllister Real Estate
List Price
$310,000
Sold Price
$290,000
Premium/Discount to List
-$20,000
-6.45%
Total Days on Market
7
Current Estimated Value
$435,383

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,383
Avg. Annual Appreciation
9.07%
Original Mortgage
$290,000
Outstanding Balance
$261,835
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$173,548

Purchase Details

Listed on
Jul 9, 2014
Closed on
Nov 12, 2014
Sold by
Nationstar Mortgage Llc
Bought by
Fhlmc
Seller's Agent
Earle Kenney
Sprague & Curtis Real Estate
Buyer's Agent
Earle Kenney
Sprague & Curtis Real Estate
List Price
$154,900
Sold Price
$129,900
Premium/Discount to List
-$25,000
-16.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.64%
Original Mortgage
$103,920
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 14, 2005
Sold by
Hallowell City Of
Bought by
Gavin Martin D and John Joseph M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,025
Interest Rate
5.93%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 9, 2005
Sold by
Stone Elizabeth
Bought by
Blake Harold

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,025
Interest Rate
5.93%
Mortgage Type
Unknown

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
16 Central Street Llc -- None Available
Fhlmc -- --
Gavin Martin D -- --
Blake Harold -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 16 Central Street Llc $290,000
Previous Owner Turner Adam F $103,920
Previous Owner Blake Harold $231,200
Previous Owner Blake Harold $167,025
Previous Owner Blake Harold $41,775
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2020 08/31/20 Sold $290,000 -6.5% $79 / Sq Ft
06/12/2020 06/12/20 Pending -- -- --
06/04/2020 06/04/20 For Sale $310,000 +138.6% $85 / Sq Ft
10/17/2014 10/17/14 Sold $129,900 -16.1% $35 / Sq Ft
08/12/2014 08/12/14 Pending -- -- --
07/09/2014 07/09/14 For Sale $154,900 -- $42 / 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
2023 $3,826 $166,000 $41,600 $124,400
2022 $3,685 $166,000 $41,600 $124,400
2021 $3,536 $166,000 $41,600 $124,400
2020 $3,569 $166,000 $41,600 $124,400
2019 $3,536 $166,000 $41,600 $124,400
2018 $3,270 $166,000 $41,600 $124,400
2017 $3,270 $166,000 $41,600 $124,400
2016 $3,137 $166,000 $41,600 $124,400
2015 $3,793 $215,500 $41,600 $173,900
2014 $3,793 $215,500 $41,600 $173,900
2013 $3,685 $215,500 $41,600 $173,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1454845

Maine Listings

APN: HALL-000009-000000-000054