$56,000
SOLD AUG 10, 2020

18 Chestnut St Gardiner, ME 04345

-- Bed
2 Baths
1,782 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$31 Per Sq Ft

16% Below List Price

70 Days on Market

Highlights

  • Cape Cod Architecture
  • No HOA
  • Level Lot
  • Wood Flooring
  • Hot Water Heating System
  • 4-minute walk to The Gardiner Common

About This Home

As of February 2022

Two unit building in Gardiner -- close to the Commons Park. Dead end street. Each unit offers 2-3 bedrooms, bath, kitchen and living room. Renovations needed but build equity here. Could be owner occupied or an investment property.

Last Agent to Sell the Property

Earle Kenney

Sprague & Curtis Real Estate Brokerage Email: earle@spragueandcurtis.com Listed on: 04/30/2020

Last Buyer's Agent

Terry Berry

AllMaineHomes, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1870

Lot Details

  • 10,019 Sq Ft Lot
  • Street terminates at a dead end
  • Level Lot
  • Open Lot

Parking

  • Gravel Driveway

Home Design

  • 1,782 Sq Ft Home
  • Cape Cod Architecture
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Shingle Siding

Flooring

  • Wood
  • Carpet
  • Vinyl

Unfinished Basement

  • Partial Basement
  • Interior Basement Entry

Utilities

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

Additional Features

  • 2 Full Bathrooms
  • City Lot

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Tax Lot 29
  • Assessor Parcel Number GARR-000034-000000-000029

Property Details

Home Type

Multi-Family

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.23
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Chestnut St is off Washington Ave
  • Above Grade Finished Sq Ft: 1782.0
  • Architectural Style: Cape
  • Garage Yn: No
  • Year Built: 1870
  • Attribution Contact: earle@spragueandcurtis.com
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.23
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1782.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Style:Cape: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Basement:Unfinished: Yes
  • Gas:No Gas: Yes
  • Basement:Partial: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:Stone: Yes
  • Exterior:Wood Siding: Yes
  • Roads:Dead End: Yes
  • Driveway:Gravel: Yes
  • Property Information:Bank Owned REO: Yes
  • Foundation Materials:Granite2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Partial, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Flooring: Wood, Vinyl, Carpet

Exterior Features

  • Lot Features: Level, Open Lot, Intown
  • Waterfront: No
  • Construction Type: Wood Siding, Shingle Siding, Wood Frame
  • Foundation Details: Stone, Granite
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gravel

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water
  • 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: 10018.8
  • Parcel #: GARR-000034-000000-000029
  • Zoning: Residential

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2105.0
  • Tax Book Number: 8481
  • Tax Lot: 29
  • Tax Map Number: 34
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2021
Closed on
Feb 4, 2022
Sold by
Gould Brittany
Bought by
Gilbert Dana
Seller's Agent
Geri Doyle
Rizzo Mattson
Buyer's Agent
Donald Russell
Coldwell Banker Realty
List Price
$199,000
Sold Price
$194,000
Premium/Discount to List
-$5,000
-2.51%
Current Estimated Value
$303,817

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,817
Avg. Annual Appreciation
13.84%
Original Mortgage
$126,100
Outstanding Balance
$118,074
Interest Rate
3.45%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$186,498

Purchase Details

Listed on
Apr 30, 2020
Closed on
Aug 7, 2020
Sold by
Fnma
Bought by
Gould Brittany
Seller's Agent
Earle Kenney
Sprague & Curtis Real Estate
Buyer's Agent
Terry Berry
AllMaineHomes, LLC
List Price
$67,000
Sold Price
$56,000
Premium/Discount to List
-$11,000
-16.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
130.23%
Original Mortgage
$120,000
Interest Rate
3%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Feb 21, 2020
Sold by
Turcotte Jason
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 5, 2005
Sold by
Lang Richard C and Lang Joyce E
Bought by
Turcotte Jason A and Turcotte Rhonda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,750
Interest Rate
5.73%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Warranty Deed $194,000 None Available
Warranty Deed $194,000 None Available
Warranty Deed -- None Available
Warranty Deed -- None Available
Foreclosure Deed -- None Available
Foreclosure Deed -- None Available
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $126,100 Purchase Money Mortgage
Closed $126,100 Purchase Money Mortgage
Previous Owner $120,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $73,500 Unknown
Previous Owner $78,750 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2022 02/04/22 Sold $194,000 -2.5% $109 / Sq Ft
12/21/2021 12/21/21 Pending -- -- --
12/01/2021 12/01/21 For Sale $199,000 +255.4% $112 / Sq Ft
08/10/2020 08/10/20 Sold $56,000 -16.4% $31 / Sq Ft
07/10/2020 07/10/20 Pending -- -- --
04/30/2020 04/30/20 For Sale $67,000 -- $38 / 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 $3,581 $139,900 $25,400 $114,500
2023 $3,316 $139,900 $25,400 $114,500
2022 $3,106 $139,900 $25,400 $114,500
2021 $3,036 $139,900 $25,400 $114,500
2020 $2,105 $97,000 $25,400 $71,600
2019 $2,105 $97,000 $25,400 $71,600
2018 $2,076 $97,000 $25,400 $71,600
2017 $2,134 $97,000 $25,400 $71,600
2016 $2,086 $97,000 $25,400 $71,600
2015 $2,095 $97,000 $25,400 $71,600
2014 $1,998 $97,000 $25,400 $71,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1450653

Maine Listings

APN: GARR-000034-000000-000029