NOT LISTED FOR SALE

164 Maine Ave Rumford, ME 04276

Estimated Value: $254,000 - $321,495

-- Bed
6 Baths
3,885 Sq Ft
$73/Sq Ft Est. Value

Last Sold May 11, 2023

Last sale price $280,000 $72 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $1,682/month

Highlights

  • Wood Flooring
  • Porch
  • Baseboard Heating
  • No HOA
  • Zoned Heating
  • Coin Laundry

About This Home

As of May 2023

Solid 6 unit, fully rented with long term tenants. Building went thru the lead abatement program back in 2004 per previous sellers disclosures. Property has 2004+/- boiler and windows. Roof shingles in 2012+/-

Last Agent to Sell the Property

Renee Roy

Better Homes & Gardens Real Estate/The Masiello Group Listed on: 05/12/2023

Better Homes & Gardens Real Estate/The Masiello Group

Last Buyer's Agent

Joseph Penna

F.O. Bailey Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,728

Year Built

  • Built in 1900

Lot Details

  • 4,792

Home Design

  • Block Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Asbestos Siding
  • Asbestos

Interior Spaces

  • 6 Full Bathrooms
  • 3,885 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Carpet
  • Vinyl

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Parking

  • No Driveway
  • Off-Site Parking

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available

Additional Features

  • Porch
  • 4,792 Sq Ft Lot
  • City Lot

Listing and Financial Details

  • Tax Lot 93
  • Assessor Parcel Number RUMF-000116-000000-000093

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Coin Laundry

Building Details

  • Operating Expense $27,482
  • Gross Income $62,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,728

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Prospect Street to Spruce St. Right on Main Avenue. Property on left as you start up hill
  • Above Grade Finished Sq Ft: 3885.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.11
  • Property Information:Total Baths: 6.0
  • Property Information:SqFt Finished Above Grade: 3885.0
  • Property Information:Garage: No
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Daylight: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Walk-Out: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 6
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 62400.0
  • Income Expenses Operating Expenses: 27482.0
  • Style:Multi-Level: Yes
  • Foundation Materials:Block3: Yes
  • Property Information:Short Sale Continue to Show: No
  • Parking:Off Site: Yes
  • Driveway:No Driveway: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Parking:No Parking: Yes
  • Water Info:Island3: No
  • Exterior:Asbestos: Yes
  • Building Info:_pound_ Floors3: 4
  • Amenities:Laundry - Coin: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Walk-Out Access, Daylight, Full
  • Full Bathrooms: 6
  • Flooring: Wood, Vinyl, Carpet
  • Stories: 4
  • Full Basement: Yes

Exterior Features

  • Lot Features: Sidewalks, Intown
  • Waterfront: No
  • Construction Type: Asbestos, Wood Frame
  • Foundation Details: Block
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Driveway, None, Off Site

Utilities

  • Laundry Features: Laundry - Coin
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4791.6
  • Parcel #: RUMF-000116-000000-000093
  • Zoning: No Local

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 62400.0
  • Annual Operating Expense: 27482.0

Tax Info

  • Tax Annual Amount: 2728.0
  • Tax Book Number: 4452
  • Tax Lot: 93
  • Tax Map Number: 116
  • 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 164 Main Avenue Llc $185,500
Closed Ray Corp $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2023 05/12/23 For Sale $300,000 +7.1% $77 / Sq Ft
05/11/2023 05/11/23 Sold $280,000 -- $72 / Sq Ft
03/11/2023 03/11/23 Pending -- -- --
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 $2,860 $172,100 $13,900 $158,200
2023 $2,728 $123,000 $10,000 $113,000
2022 $2,728 $123,000 $10,000 $113,000
2021 $2,761 $123,000 $10,000 $113,000
2020 $2,780 $123,000 $10,000 $113,000
2019 $1,141 $37,419 $3,500 $33,919
2018 $1,113 $37,419 $3,500 $33,919
2017 $1,080 $37,419 $3,500 $33,919
2016 $1,048 $37,419 $3,500 $33,919
2015 $1,027 $37,419 $3,500 $33,919
2014 $1,008 $37,419 $3,500 $33,919
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1558698

Maine Listings

APN: RUMF-000116-000000-000093