NOT LISTED FOR SALE

16 Main St Topsham, ME 04086

-- Bed
5 Baths
3,588 Sq Ft
7,405 Sq Ft Lot

Last Sold January 05, 2021

Last sale price $328,000 $91 Per Sq Ft

70 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • Open Lot
  • Wood Flooring
  • Forced Air Heating System

About This Home

As of January 2021

Solid 5 unit apartment building w/ brand new roof, updated units + parking.
(2) 1 bedrooms, (2) bedrooms & (1) 3 bedroom. 8.71% cap rate w/ upside on rents.

Last Agent to Sell the Property

Thomas Gadbois

F.O. Bailey Real Estate Listed on: 08/17/2020

Last Buyer's Agent

Lisa Buthlay

Coldwell Banker Realty

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,196

Year Built

  • Built in 1900

Lot Details

  • 7,405 Sq Ft Lot
  • Open Lot

Home Design

  • Colonial Architecture
  • Wood Frame Construction
  • Pitched Roof
  • Vinyl Siding

Interior Spaces

  • 5 Full Bathrooms
  • 3,588 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Carpet
  • Vinyl

Basement

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

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking

Location

  • City Lot

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Natural Gas Not Available
  • Electric Water Heater
  • Sewer Not Available

Listing and Financial Details

  • Tax Lot 013
  • Assessor Parcel Number TOPM-000002-000000-000013U

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Operating Expense $20,724
  • Gross Income $53,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,196

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.17
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 3588.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 104.52
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.17
  • Property Information:Total Baths: 5.0
  • Property Information:SqFt Finished Above Grade: 3588.0
  • Property Information:Garage: No
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Forced Air: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 5
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 53400.0
  • Income Expenses Operating Expenses: 20724.0
  • Style:Colonial: Yes
  • Roof:Pitched: Yes
  • Sewer:None4: Yes
  • Basement Entry:Exterior Only: Yes
  • Advertising Remarks:Advertising Remarks: Solid 5 unit apartment building w/ brand new roof, updated units + parking. (2) 1 bedrooms, (2) bedrooms & (1) 3 bedroom. 8.17% cap rate w/ upside on rents.
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Full, Exterior Only
  • Full Bathrooms: 5
  • Flooring: Wood, Vinyl, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Open Lot, Intown, Near Shopping
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Pitched

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved, Common

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: None
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7405.2
  • Parcel #: TOPM-000002-000000-000013U
  • Zoning: LV

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 53400.0
  • Annual Operating Expense: 20724.0

Tax Info

  • Tax Annual Amount: 3196.0
  • Tax Lot: 013
  • Tax Year: 2019
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/05/2021 01/05/21 Sold $328,000 -18.0% $91 / Sq Ft
10/27/2020 10/27/20 Pending -- -- --
08/17/2020 08/17/20 For Sale $399,900 -- $111 / Sq Ft
Source: Maine Listings

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 $5,567 $434,900 $49,500 $385,400
2024 $5,390 $431,200 $45,800 $385,400
2023 $5,167 $380,500 $43,600 $336,900
2022 $4,635 $321,400 $42,200 $279,200
2021 $4,496 $283,300 $38,700 $244,600
2020 $4,236 $237,200 $38,700 $198,500
2019 $3,196 $166,900 $38,700 $128,200
2018 $3,047 $162,700 $34,500 $128,200
2017 $2,948 $162,700 $34,500 $128,200
2016 $2,927 $162,700 $34,500 $128,200
2015 $2,780 $154,800 $34,500 $120,300
2014 $2,683 $154,800 $34,500 $120,300
2013 $2,577 $154,800 $34,500 $120,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1464935

Maine Listings