NOT LISTED FOR SALE

18 Drummond Point Bath, ME 04530

Estimated Value: $508,000 - $515,400

5 Beds
3 Baths
2,662 Sq Ft
$192/Sq Ft Est. Value

Last Sold October 18, 2016

Last sale price $183,000 $69 Per Sq Ft

Est. 180% increase in value since last sale

Current estimated payment $3,137/month

9 Days on Market

Highlights

  • Greek Revival Architecture
  • Cul-De-Sac
  • Baseboard Heating
  • No HOA
  • Zoned Heating
  • Level Lot

About This Home

As of October 2016

What a great location to own a 3 unit apartment building. Enjoy elevated views of the Kennebec on a quiet dead end street and water access 1-2 block away. Building features front covered porch, updated windows, updated heating on demand heating systems and plenty of parking. Easy to rent units, two have washer & dryer hook ups and all with spacious rooms. Great owner occupied or investment.

Last Agent to Sell the Property

Robert Whisenant

RE/MAX Riverside Listed on: 07/27/2016

RE/MAX Riverside

Last Buyer's Agent

Sam Armentrout

Armentrout Select Realty of Maine

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,401

Year Built

  • Built in 1900

Lot Details

  • 5,227 Sq Ft Lot
  • Cul-De-Sac
  • Level Lot

Home Design

  • Greek Revival Architecture
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3 Full Bathrooms
  • 2,662 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Laminate
  • Vinyl

Basement

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

Parking

  • Gravel Driveway
  • On-Site Parking

Location

  • City Lot

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Gas
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Hot Water Heating System
  • Water Heater
  • Internet Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Tax Lot 325
  • Assessor Parcel Number 18Drummond PointBath20325

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,401

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: North on Washington Street to straight onto Drummond Point at sharp turn
  • Above Grade Finished Sq Ft: 2662.0
  • Architectural Style: Greek-Revival
  • Building Stories: 2
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 68.75
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.12
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2662.0
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Seasonal
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:Stone: Yes
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 2
  • Parking:On Site2: Yes
  • Driveway:Gravel: Yes
  • Equipment:Internet Access Available: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Equipment:Cable: Yes
  • Water Heater:Tank: Yes
  • Foundation Materials:Granite2: Yes
  • Site:Cul-De-Sac: Yes
  • Heat System:Direct Vent Furnace: Yes
  • Style:Greek-Revival: Yes
  • Advertising Remarks:Advertising Remarks: What a great location to own a 3 unit apartment building. Enjoy elevated views of the Kennebec on a quiet dead end street and water access 1-2 block away. Building features front covered porch, updated windows, updated heating on demand heating systems and plenty of parking. Easy to rent units, two have washer & dryer hook ups and all with spacious rooms. Great owner occupied or investment.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Full, Interior Entry
  • Full Bathrooms: 3
  • Fireplace: No
  • Flooring: Vinyl, Laminate, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Cul-De-Sac, Level, Intown, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Stone, Granite, Concrete Perimeter
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Gravel, On Site

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Direct Vent Furnace, Baseboard
  • 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 #: 18Drummond PointBath20325
  • Zoning: R1

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 3401.0
  • Tax Lot: 325
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2016
Closed on
Oct 24, 2016
Sold by
Cossart Edward M and Cossart Molly M
Bought by
Goss Maureen F
Seller's Agent
Robert Whisenant
RE/MAX Riverside
Buyer's Agent
Sam Armentrout
Armentrout Select Realty of Maine
List Price
$189,900
Sold Price
$183,000
Premium/Discount to List
-$6,900
-3.63%
Current Estimated Value
$512,100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$329,100
Avg. Annual Appreciation
11.77%
Original Mortgage
$179,639
Outstanding Balance
$143,535
Interest Rate
3.44%
Mortgage Type
FHA
Estimated Equity
$368,565
Source: Public Records
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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
Goss Maureen F -- --
Goss Maureen F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Goss Maureen F $179,639
Closed Goss Maureen F $179,639
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2016 10/18/16 Sold $183,000 -3.6% $69 / Sq Ft
08/05/2016 08/05/16 Pending -- -- --
07/26/2016 07/26/16 For Sale $189,900 -- $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
2025 $5,513 $342,400 $93,000 $249,400
2024 $5,209 $315,700 $88,700 $227,000
2023 $4,526 $267,800 $77,600 $190,200
2022 $4,068 $199,400 $48,000 $151,400
2021 $4,048 $199,400 $48,000 $151,400
2020 $3,988 $199,400 $48,000 $151,400
2019 $3,948 $199,400 $48,000 $151,400
2018 $3,680 $168,800 $24,000 $144,800
2017 $3,604 $168,800 $24,000 $144,800
2016 $3,562 $168,800 $24,000 $144,800
2015 $3,765 $181,900 $24,000 $157,900
2014 $3,674 $181,900 $24,000 $157,900
2013 $3,573 $181,900 $24,000 $157,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1276121

Maine Listings

APN: BTTH-000020-000000-000325