NOT LISTED FOR SALE

16 Smith Ave Jay, ME 04239

Estimated Value: $192,000 - $258,000

-- Bed
2 Baths
1,738 Sq Ft
$128/Sq Ft Est. Value

Last Sold May 16, 2025

Last sale price $199,900 $115 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $1,358/month

Highlights

  • New Englander Architecture
  • Cooling Available
  • Level Lot
  • No HOA
  • Forced Air Heating System
  • Wood Siding

About This Home

As of May 2025

This turnkey 2-unit apartment building is a fantastic opportunity for investors or owner-occupants. Featuring multiple upgrades throughout, both units are well-maintained and move-in ready. Situated on a large, level lot, the property offers ample outdoor space and includes a barn for extra storage or potential additional use. Whether you're looking to generate rental income or live in one unit while leasing the other, this property provides flexibility and long-term value. With modern updates and a desirable layout, it's an excellent choice for those seeking a comfortable and profitable multi-family home. Don't miss this opportunity!

Last Agent to Sell the Property

Kenneth Jacques

Meservier & Associates Listed on: 03/31/2025

Last Buyer's Agent

Kenneth Jacques

Meservier & Associates Listed on: 03/31/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,217

Lot Details

  • 0.44 Acre Lot
  • Level Lot
  • Open Lot

Parking

  • Gravel Driveway

Home Design

  • New Englander Architecture
  • Stone Foundation
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • 1,738 Sq Ft Home
  • Multi-Level Property
  • Laundry on main level

Flooring

  • Carpet
  • Vinyl

Basement

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

Utilities

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

Listing and Financial Details

  • Tax Lot 030
  • Assessor Parcel Number JAYY-000023-000000-000030

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $17,103
  • Gross Income $22,680

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,217

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.44
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1738.0
  • Architectural Style: Other, New Englander
  • Garage Yn: No
  • Unit Levels: Multi-Level
  • Year Built: 9999
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 115.07
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.44
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1738.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Forced Air: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Cooling:Heat Pump3: Yes
  • Water Heater:Electric2: Yes
  • Roof:Metal: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:Stone: Yes
  • Income Expenses Gross Income: 22680.0
  • Income Expenses Operating Expenses: 17103.0
  • Exterior:Wood Siding: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Driveway:Gravel: Yes
  • Water Heater:Heat Pump2: Yes
  • Foundation Materials:Granite2: Yes
  • Style:New Englander: Yes
  • Advertising Remarks:Advertising Remarks: This turnkey 2-unit apartment building is a fantastic opportunity for investors or owner-occupants. Featuring multiple upgrades throughout, both units are well-maintained and move-in ready. Situated on a large, level lot, the property offers ample outdoor space and includes a barn for extra storage or potential additional use. Whether you're looking to generate rental income or live in one unit while leasing the other, this property provides flexibility and long-term value. With modern updates and a desirable layout, it's an excellent choice for those seeking a comfortable and profitable multi-family home. Don't miss this opportunity!
  • Levels:Multi-Level3: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Interior, Full
  • Full Bathrooms: 2
  • Flooring: Vinyl, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Open, Level, Neighborhood
  • Waterfront: No
  • Construction Type: Wood Siding, Vinyl Siding, Wood Frame
  • Foundation Details: Stone, Granite
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Gravel

Utilities

  • Laundry Features: Laundry - 1st Floor, Upper Level, Main Level
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Forced Air
  • 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: 19166.4
  • Parcel #: JAYY-000023-000000-000030
  • Zoning: Residential

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 22680.0
  • Annual Operating Expense: 17103.0

Tax Info

  • Tax Annual Amount: 2217.0
  • Tax Lot: 030
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2025
Closed on
May 16, 2025
Sold by
Xoinis Constantinos and Xoinis Andrew
Bought by
Schmidt Austin C
Seller's Agent
Kenneth Jacques
Meservier & Associates
Buyer's Agent
Kenneth Jacques
Meservier & Associates
List Price
$200,000
Sold Price
$199,900
Premium/Discount to List
-$100
-0.05%
Current Estimated Value
$222,970

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,070
Avg. Annual Appreciation
20.34%
Original Mortgage
$196,278
Outstanding Balance
$195,228
Interest Rate
6.64%
Mortgage Type
FHA
Estimated Equity
$27,742

Purchase Details

Listed on
Feb 28, 2020
Closed on
Apr 29, 2020
Sold by
Otis Fcu
Bought by
Xoinis Constantine and Xoinis Andrew
Seller's Agent
Kenneth Jacques
Meservier & Associates
Buyer's Agent
Karen Whittemore
The Whittemore Realty Group
List Price
$69,000
Sold Price
$61,000
Premium/Discount to List
-$8,000
-11.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.50%
Original Mortgage
$52,090
Interest Rate
3.3%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Schmidt Austin C $199,900 None Available
Schmidt Austin C $199,900 None Available
Xoinis Constantine -- None Available
Xoinis Constantine -- None Available
Xoinis Constantine -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schmidt Austin C $196,278
Closed Schmidt Austin C $196,278
Previous Owner Xoinis Constantine $52,090
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/16/2025 05/16/25 Sold $199,900 -0.1% $115 / Sq Ft
03/31/2025 03/31/25 Pending -- -- --
03/31/2025 03/31/25 For Sale $200,000 +227.9% $115 / Sq Ft
04/30/2020 04/30/20 Sold $61,000 -11.6% $25 / Sq Ft View Prior Sale
03/19/2020 03/19/20 Pending -- -- --
02/28/2020 02/28/20 For Sale $69,000 -- $28 / 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 $2,217 $100,770 $16,790 $83,980
2023 $2,318 $100,770 $16,790 $83,980
2022 $2,066 $100,770 $16,790 $83,980
2021 $2,066 $100,770 $16,790 $83,980
2020 $1,310 $74,840 $16,790 $58,050
2019 $1,366 $74,840 $16,790 $58,050
2018 $989 $74,840 $16,790 $58,050
2017 $1,684 $74,840 $16,790 $58,050
2016 $1,579 $74,840 $16,790 $58,050
2015 $1,291 $74,840 $16,790 $58,050
2014 $1,179 $74,840 $16,790 $58,050
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1617552

Maine Listings

APN: JAYY-000023-000000-000030