M
Seller's Agent in 2022
Mitchell Lachapelle
Legacy Realty
1635 Lewiston Rd Litchfield, ME 04350
Estimated Value: $1,290,351
--
Bed
12
Baths
8,667
Sq Ft
$149/Sq Ft
Est. Value
Highlights
- Public Beach
- Scenic Views
- Attic
- Country Club
- Contemporary Architecture
- No HOA
About This Home
As of August 2022Second chances do exist!! Back on the market due to buyer financing issues.
Formerly known as Saint Leo's church in Litchfield and currently recognized as ''Tacoma Terrace'', a truly once-in-a-lifetime investment opportunity is now presenting. In 2012, the property was converted from a large church into 12 brand new apartment units. Carefully planned and designed, the units are exceptional in both quality of construction and materials used. The complex consists of (10) 1br 1ba and (2) 2br 1ba units. Timeless looking and forever-lasting ceramic floor tile sprawls through each unit, along with high-grade cabinetry and updated light fixtures throughout. The property offers coin-op washer & dryer, a glassed-in foyer, and patio area for tenants and their guests to enjoy. There's no lack of storage space between the partially finished basement and detached 2-car garage. The complex sits on 4-acres of pristine, level grassland and has enough paved parking to accommodate 50+ vehicles. Just seconds away from Tacoma Lakes, very close to necessity shopping, and easy access to I95 make the location of these rental units highly desirable and a rare commodity for the area Building is consistently 100% occupied with great, long-term tenants. Easy to manage and ready to continue seamlessly cash-flowing for its new owners. You will not find another opportunity to own property like this for many, many years.
Minimum 24-Hour notice required.
Last Listed By
Mitchell Lachapelle
Legacy Realty Listed on: 07/21/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,042
Year Built
- Built in 1970
Lot Details
- 4 Acre Lot
- Public Beach
- Rural Setting
- Landscaped
- Level Lot
- Open Lot
Parking
- 2 Car Detached Garage
- Common or Shared Parking
- Shared Driveway
Property Views
- Scenic Vista
- Woods
Home Design
- Contemporary Architecture
- Split Foyer
- Concrete Foundation
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 1-Story Property
- Double Pane Windows
- Tile Flooring
- Attic
Bedrooms and Bathrooms
- 12 Full Bathrooms
- Bathtub
Finished Basement
- Basement Fills Entire Space Under The House
- Doghouse Basement Entry
- Interior Basement Entry
- Sump Pump
Utilities
- No Cooling
- Zoned Heating
- Heating System Uses Propane
- Baseboard Heating
- Hot Water Heating System
- Private Water Source
- Well
- Gas Water Heater
- Septic System
- Septic Design Available
- Private Sewer
- Internet Available
- Satellite Dish
- Cable TV Available
Additional Features
- Doors are 32 inches wide or more
- Enclosed Glass Porch
- Property is near a golf course
Listing and Financial Details
- Tax Lot 27
- Assessor Parcel Number LITD-000014U-000000-000027
Community Details
Overview
- No Home Owners Association
- 12 Units
- The community has rules related to deed restrictions
Recreation
- Country Club
Building Details
- Operating Expense $21,755
- Gross Income $131,380
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 21, 2022
Closed on
Aug 26, 2022
Sold by
Chapel Holdings Llc
Bought by
Pine State Holdings Llc
Seller's Agent
Mitchell Lachapelle
Legacy Realty
Buyer's Agent
Kara Bickford
Keller Williams Realty
List Price
$1,300,000
Sold Price
$1,150,000
Premium/Discount to List
-$150,000
-11.54%
Total Days on Market
39
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,351
Avg. Annual Appreciation
5.65%
Original Mortgage
$862,500
Outstanding Balance
$833,342
Interest Rate
5.51%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$500,627
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Pine State Holdings Llc | $1,150,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Pine State Holdings Llc | $862,500 | |
| Previous Owner | Chapel Holdings Llc | $300,000 | |
| Previous Owner | Chapel Holdings Llc | $300,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/26/2022 08/26/22 | Sold | $1,150,000 | -11.5% | $133 / Sq Ft |
| 07/27/2022 07/27/22 | Pending | -- | -- | -- |
| 06/17/2022 06/17/22 | For Sale | $1,300,000 | -- | $150 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
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 | $0 | $518,000 | $90,900 | $427,100 |
| 2023 | $7,072 | $518,000 | $90,900 | $427,100 |
| 2022 | $7,072 | $449,900 | $79,000 | $370,900 |
| 2021 | $0 | $449,900 | $79,000 | $370,900 |
| 2020 | $0 | $449,900 | $79,000 | $370,900 |
| 2019 | $6,299 | $449,900 | $79,000 | $370,900 |
| 2018 | $5,413 | $334,984 | $47,500 | $287,484 |
| 2017 | $5,413 | $335,174 | $47,500 | $287,674 |
| 2016 | $5,413 | $335,174 | $47,500 | $287,674 |
| 2015 | $3,898 | $338,535 | $47,500 | $291,035 |
| 2014 | $3,898 | $273,543 | $47,500 | $226,043 |
| 2013 | -- | $327,064 | $47,500 | $279,564 |
Source: Public Records
Agents Affiliated with this Home
-
-
K
Buyer's Agent in 2022
Kara Bickford
Keller Williams Realty
Map
Source: Maine Listings
MLS Number: 1532833
APN: LITD-000014U-000000-000027
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