NOT LISTED FOR SALE

17&25 Route 236 Route Kittery, ME 03904

13 Beds
7 Baths
7,056 Sq Ft
1.75 Acres

Last Sold May 18, 2022

Last sale price $1,800,000 $255 Per Sq Ft

8 Days on Market

Highlights

  • 1.75 Acre Lot
  • Baseboard Heating
  • Lot Sloped Up
  • Horace Mitchell Primary School Rated A-

About This Home

As of May 2022

Outstanding opportunity to invest in Southern Maine, one of New England's hottest real estate markets! Well maintained 7 unit on 1.75 acres, fully leased with long term tenants and a NOI of $95K/year. ALSO includes a separate 1.5 acre buildable lot zoned C-2 with many opportunities to create additional income. Recent connection to public sewer and too many updates to list.

Last Agent to Sell the Property

Debra Morse

StartPoint Realty License #070261 Listed on: 03/21/2022

StartPoint Realty

Last Buyer's Agent

Anne Erwin Real Estate

Anne Erwin Sothebys International Rlty License #DB901450

Anne Erwin Sothebys International Rlty

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $7,308

Year Built

  • Built in 1970

Lot Details

  • 1.75 Acre Lot
  • Lot Sloped Up

Parking

  • Paved Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 7 Full Bathrooms
  • 7,056 Sq Ft Home
  • 2-Story Property

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Separate Meters
  • Well
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 12

Community Details

Overview

  • 7 Units

Building Details

  • Operating Expense $17,168
  • Gross Income $111,600
  • Net Operating Income $95,000

Property Details

Home Type

Apartment

Est. Annual Taxes

$7,308

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building
  • Directions: Route 236 to #25
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 255.1
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 7056
  • Sq Ft - Apx Total Finished: 7056
  • Year Built: 1970
  • List Agent: 21128
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Rooms Above Ground: 25
  • Basement Description: Slab
  • Sq Ft - Apx Finished AG: 7056

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Brick Veneer, Vinyl Siding
  • Foundation: Slab - Concrete
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt
  • Easements: Yes

Garage/Parking

  • Parking: Paved

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public Sewer On-Site
  • Water: On-Site Well Exists
  • Water Heater: Electric
  • Heating Fuel: Electric
  • Heating: Baseboard
  • Cooling: Wall AC Units
  • Separate Utilities: Yes
  • Total Electric Meters: 8
  • Total Ranges: 7
  • Total Refrigerators: 7
  • Total Water Heaters: 7
  • Utilities: Cable - Available

Lot Info

  • Map: 20
  • Lot: 12
  • Lot Sq Ft: 76230
  • Lot Acres: 1.75
  • Lot Description: Rental Complex, Rolling
  • Surveyed: Unknown
  • Zoning: C-2
  • Deed Book: 17161
  • Deed Page: 0945
  • Deed Recorded Type: Quit Claim

Multi Family

  • Gross Income: 111600
  • Net Income: 95000
  • Total Full Baths: 7
  • Total Units: 7
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 6

Tax Info

  • Tax Gross Amount: 7308
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 6, 2015
Sold by
Sunlily Apartments Llc
Bought by
Jcck Rt and Casey
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Jcck Rt -- --
Jcck Rt -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/18/2022 05/18/22 Sold $1,800,000 0.0% $255 / Sq Ft
03/29/2022 03/29/22 Pending -- -- --
03/21/2022 03/21/22 For Sale $1,800,000 -- $255 / Sq Ft
Source: PrimeMLS

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
2023 $154 $11,300 $11,300 $0
2022 $152 $11,300 $11,300 $0
2021 $147 $11,300 $11,300 $0
2020 $146 $11,300 $11,300 $0
2019 $197 $11,300 $11,300 $0
2018 $190 $11,300 $11,300 $0
2017 $186 $11,300 $11,300 $0
2016 $181 $11,300 $11,300 $0
2015 $177 $11,300 $11,300 $0
2014 $175 $11,300 $11,300 $0
2013 $172 $11,300 $11,300 $0
Source: Public Records

Agents Affiliated with this Home

  • Debra Morse

    Seller's Agent in 2022

    Debra Morse

    StartPoint Realty

    (207) 451-3016

    1 in this area

    19 Total Sales

    Debra Morse
    Section Image
  • Anne Erwin Real Estate

    Buyer's Agent in 2022

    Anne Erwin Real Estate

    Anne Erwin Sothebys International Rlty

    (207) 370-5406

    48 in this area

    652 Total Sales

    Anne Erwin Real Estate
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4901698

PrimeMLS

APN: KITT-000021-000000-000020

Maine York County Kittery 03904

17&25 Route 236 Route, Kittery, ME

Not Listed for Sale

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