NOT LISTED FOR SALE

16 Northern Ave Farmingdale, ME 04344

Estimated Value: $198,000 - $267,964

-- Bed
3 Baths
1 Sq Ft
$241,241/Sq Ft Est. Value

Last Sold September 11, 2023

Last sale price $246,000 $246,000 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $1,487/month

8 Days on Market

Highlights

  • Wood Flooring
  • Level Lot
  • Heating System Uses Propane
  • No HOA

About This Home

As of September 2023

A great opportunity to get into the rental business or expend your portfolio with this 3 unit apartment building. Property is right across from the Kennebec river and amazing walking trails. It is only 1/2 Mile from downtown Gardiner and only 4 miles from Downtown Hallowell which means theres plenty of great restaurants, live entertainment, and shopping to chose from. The 1st floor unit is a 2 bedroom, 1 bathroom that is currently owner occupied. Second floor unit is a 1 bedroom, 1 bathroom that is currently being rented. Third floor unit is a studio apartment that is currently vacant. Don't miss this amazing business opportunity!

Last Agent to Sell the Property

Julian Harwood

LAER Listed on: 08/05/2023

LAER

Last Buyer's Agent

McKenzie Pratt

LAER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,874

Year Built

  • Built in 1890

Lot Details

  • 3,485 Sq Ft Lot
  • Level Lot

Home Design

  • Split Foyer
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3 Full Bathrooms
  • Multi-Level Property

Flooring

  • Wood
  • Carpet
  • Vinyl

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Sump Pump

Parking

  • Gravel Driveway
  • On-Site Parking

Utilities

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

Listing and Financial Details

  • Tax Lot 005
  • Assessor Parcel Number FARE-000022-000000-000005

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $1
  • Gross Income $10,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,874

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.08
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From Maine Avenue Farmingdale turn right onto Northern Avenue. 16 Northern Ave will be on your left. GPS Friendly.
  • Above Grade Finished Sq Ft: 1.0
  • Architectural Style: Multi-Level, Other Style, Split Entry
  • Garage Yn: No
  • Year Built: 1890
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.08
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 1.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 3
  • Income Expenses Gross Income: 10200.0
  • Income Expenses Operating Expenses: 1.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Driveway:Gravel: Yes
  • Site:RollingSloping: Yes
  • Heat System:Direct Vent Heater: Yes
  • Basement:Sump Pump: Yes
  • Basement Entry:Exterior Only: Yes
  • Style:Split Entry: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Walk-Out Access, Full, Sump Pump, Exterior Only, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Rolling Slope, Sidewalks, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Shingle

Garage/Parking

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

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: 3484.8
  • Parcel #: FARE-000022-000000-000005
  • Zoning: Residential

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 10200.0
  • Annual Operating Expense: 1.0

Tax Info

  • Tax Annual Amount: 1874.0
  • Tax Book Number: 6802
  • Tax Lot: 005
  • Tax Map Number: 22
  • Tax Year: 2022

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Crocker Casey W $196,800
Closed Burns Angela $40,000
Closed Burns Angela $22,000
Closed Burns Angela L $95,000
Closed Connor Angela L $86,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2023 09/11/23 Sold $246,000 +12.3% $246,000 / Sq Ft
08/13/2023 08/13/23 Pending -- -- --
08/05/2023 08/05/23 For Sale $219,000 -- $219,000 / 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 $2,194 $91,400 $11,600 $79,800
2023 $2,038 $91,400 $11,600 $79,800
2022 $1,874 $91,400 $11,600 $79,800
2021 $1,590 $91,400 $11,600 $79,800
2020 $1,600 $91,400 $11,600 $79,800
2019 $1,568 $91,400 $11,600 $79,800
2018 $1,522 $93,400 $11,600 $81,800
2017 $1,499 $93,400 $11,600 $81,800
2016 $1,434 $93,400 $11,600 $81,800
2015 $1,331 $93,400 $11,600 $81,800
2014 $1,308 $93,400 $11,600 $81,800
2013 $1,233 $93,400 $11,600 $81,800
Source: Public Records

Agents Affiliated with this Home

  • Julian Harwood

    Seller's Agent in 2023

    Julian Harwood

    LAER

    (207) 620-8212

    9 in this area

    194 Total Sales

    Julian Harwood
    Section Image

  • M

    Buyer's Agent in 2023

    McKenzie Pratt

    LAER

    (207) 602-0687

    1 in this area

    20 Total Sales

    McKenzie Pratt
    Section Image
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Map

Source: Maine Listings

MLS Number: 1567118

Maine Listings

APN: FARE-000022-000000-000005

Maine Kennebec County Farmingdale 04344

16 Northern Ave, Farmingdale, ME

This home is located at 16 Northern Ave, Farmingdale, ME 04344 since 05 August 2023 and is currently estimated at $241,241, approximately $241,241 per square foot. This property was built in 1890. 16 Northern Ave is a home located in Kennebec County with nearby schools including Hall-Dale Elementary School, Dresden Elementary School, and Marcia Buker School.

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