NOT LISTED FOR SALE

16 Spring St Old Town, ME 04468

Estimated Value: $195,323 - $283,000

4 Beds
2 Baths
1,760 Sq Ft
$127/Sq Ft Est. Value

Last Sold April 11, 2018

Last sale price $120,000 $68 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $1,361/month

12 Days on Market

Highlights

  • Colonial Architecture
  • Corner Lot
  • Forced Air Heating System
  • Main Floor Bedroom
  • No HOA
  • 2-minute walk to Old Town Parks & Recreation

About This Home

As of April 2018

This two-unit is well-maintained, has good rental history, and is in close proximity to the University of Maine. This property would be a good addition to your investments, or to use as an owner-occupy. Recent updates like new flooring & fresh paint. Furnace & roof were new in 2009.

Last Agent to Sell the Property

Kim Meagher

ERA Dawson-Bradford Co. Listed on: 02/19/2018

ERA Dawson-Bradford Co.

Last Buyer's Agent

Jeffrey Mateja

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,723

Year Built

  • Built in 1900

Lot Details

  • 5,227 Sq Ft Lot
  • Corner Lot
  • Level Lot
  • Open Lot

Home Design

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

Interior Spaces

  • 1,760 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 2 Full Bathrooms

Unfinished Basement

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

Parking

  • Gravel Driveway
  • On-Site Parking

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Propane
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tax Lot 039
  • Assessor Parcel Number OLDN-000015-000000-000039

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,723

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.12
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From I-95, head down Stillwater Ave. toward downtown Old Town. Property is on the corner of Spring St. & Stillwater Ave. before you cross the river.
  • Above Grade Finished Sq Ft: 1760.0
  • Architectural Style: Colonial
  • Building Stories: 2
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.12
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1760.0
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 2
  • Building Info:_pound_ Stories2: 2
  • Parking:On Site2: Yes
  • Style:Colonial: Yes
  • Driveway:Gravel: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Basement:Sump Pump: Yes
  • Building Info:_pound_ Floors3: 2
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Full, Sump Pump, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Fireplace: No
  • Flooring: Laminate, Carpet
  • Interior Amenities: 1st Floor Bedroom
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Corner Lot, Level, Open Lot, Sidewalks, Near Turnpike/Interstate, Near Town
  • 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: Forced Air, Hot Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5227.2
  • Parcel #: OLDN-000015-000000-000039
  • Zoning: R-1 Low Density Res

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1723.0
  • Tax Book Number: 13839
  • Tax Lot: 039
  • Tax Map Number: 015
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2018
Closed on
Apr 13, 2018
Sold by
Manaker Properties Llc
Bought by
Cox Kristen M and Mclaughlin Rory
Seller's Agent
Kim Meagher
ERA Dawson-Bradford Co.
Buyer's Agent
Jeffrey Mateja
Keller Williams Realty
List Price
$125,000
Sold Price
$120,000
Premium/Discount to List
-$5,000
-4%
Current Estimated Value
$222,831

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,831
Avg. Annual Appreciation
9.30%
Original Mortgage
$90,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 20, 2015
Sold by
Manaker Keith E and Manaker Lawrence W
Bought by
Manaker Properties Llc
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
Cox Kristen M -- --
Manaker Properties Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cox Kristen M $86,000
Closed Cox Kristen M $90,000
Previous Owner Manaker Lawrence W $88,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2018 04/11/18 Sold $120,000 -4.0% $68 / Sq Ft
03/04/2018 03/04/18 Pending -- -- --
02/19/2018 02/19/18 For Sale $125,000 -- $71 / 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 $2,131 $120,400 $18,100 $102,300
2023 $2,131 $120,400 $18,100 $102,300
2022 $1,665 $79,300 $15,700 $63,600
2020 $1,763 $77,100 $15,200 $61,900
2019 $1,763 $77,100 $15,200 $61,900
2018 $1,763 $77,100 $15,200 $61,900
2017 $1,723 $77,100 $15,200 $61,900
2016 $1,626 $77,100 $15,200 $61,900
2015 $1,631 $77,100 $15,200 $61,900
2014 $1,558 $77,100 $15,200 $61,900
2013 -- $77,100 $15,200 $61,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1338946

Maine Listings

APN: OLDN-000015-000000-000039