NOT LISTED FOR SALE

18 Erchles St Rumford, ME 04276

Estimated Value: $130,000 - $157,659

-- Bed
2 Baths
2,880 Sq Ft
$48/Sq Ft Est. Value

Last Sold September 29, 2022

Last sale price $93,500 $32 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $885/month

23 Days on Market

Highlights

  • Wood Flooring
  • Attic
  • Porch
  • Victorian Architecture
  • No HOA
  • Zoned Heating

About This Home

As of September 2022

This property offers a great investment opportunity, as it's located in the historic Strathglass Park. The property is a full duplex with each unit offering kitchen, living room, first floor laundry, full bath, 4 bedrooms on the second floor plus a walk-up attic. There are front and back porches, plus individual paved parking for each unit. Unit 20 was updated in
September 2021. #2224

Last Agent to Sell the Property

Sally Arsenault

Riverside Realty Listed on: 07/22/2022

Last Buyer's Agent

Sally Arsenault

Amnet Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,686

Year Built

  • Built in 1903

Lot Details

  • 7,405 Sq Ft Lot
  • Level Lot
  • Open Lot

Home Design

  • 2,880 Sq Ft Home
  • Victorian Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Stone Foundation
  • Shingle Roof
  • Masonry

Flooring

  • Wood
  • Carpet
  • Tile

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • Driveway
  • Paved Parking
  • On-Street Parking
  • On-Site Parking

Utilities

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

Additional Features

  • 2 Full Bathrooms
  • Laundry on main level
  • Porch
  • City Lot
  • Attic

Listing and Financial Details

  • Tax Lot 131
  • Assessor Parcel Number 18ErchlesStreetRumford04276

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $15,106
  • Gross Income $13,062

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,686

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.17
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From Route 2 and Hancock Street turn right onto Main Avenue then right onto Strathglass Parrk and bear right on to Erchles Street and property will be on the right.
  • Above Grade Finished Sq Ft: 2880.0
  • Architectural Style: Victorian
  • Garage Yn: No
  • Year Built: 1903
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.17
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2880.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Walk-Out: Yes
  • Water Heater:Electric2: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 13062.0
  • Income Expenses Operating Expenses: 15106.42
  • Parking:On Site2: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Amenities:Attic: Yes
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Exterior:Brick: Yes
  • Parking:On Street: Yes
  • Construction:Masonry: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Walk-Out Access
  • Full Bathrooms: 2
  • Flooring: Wood, Tile, Carpet
  • Interior Amenities: Attic
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Intown, Near Shopping, Neighborhood
  • Waterfront: No
  • Construction Type: Brick, Masonry
  • Foundation Details: Stone, Brick/Mortar
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved, On Site, On Street

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: RSU 10

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7405.2
  • Parcel #: 18ErchlesStreetRumford04276
  • Zoning: residential

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 13062.0
  • Annual Operating Expense: 15106.42

Tax Info

  • Tax Annual Amount: 1686.0
  • Tax Book Number: 5658
  • Tax Lot: 131
  • Tax Map Number: 113
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 23, 2021
Sold by
By Eye Property Mgmt Llc
Bought by
Rnb Prop Rumford Llc
Current Estimated Value
$135,114

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,600
Interest Rate
3.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 15, 2011
Sold by
Johnson Charles L
Bought by
Franklin Savings Bank
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 Buyer Sale Price Title Company
Rnb Prop Rumford Llc -- None Available
Franklin Savings Bank -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Preda Cornel $84,150
Closed Rnb Prop Rumford Llc $105,600
Previous Owner By Eye Prop Mgmt Llc $44,000
Previous Owner By Eye Props Mgmt Llc $52,262
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2022 09/29/22 Sold $93,500 -18.6% $32 / Sq Ft
08/15/2022 08/15/22 Pending -- -- --
07/22/2022 07/22/22 For Sale $114,900 -- $40 / 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 $1,748 $105,200 $11,500 $93,700
2023 $1,666 $75,100 $8,200 $66,900
2022 $1,666 $75,100 $8,200 $66,900
2021 $1,686 $75,100 $8,200 $66,900
2020 $1,697 $75,100 $8,200 $66,900
2019 $1,392 $45,640 $5,000 $40,640
2018 $1,358 $45,640 $5,000 $40,640
2017 $1,317 $45,640 $5,000 $40,640
2016 $1,278 $45,640 $5,000 $40,640
2015 $1,253 $45,640 $5,000 $40,640
2014 $1,230 $45,640 $5,000 $40,640
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2022

    Sally Arsenault

    Riverside Realty

See All Agents

Map

Source: Maine Listings

MLS Number: 1537352

Maine Listings

APN: RUMF-000113-000000-000131

Maine Oxford County Rumford 04276

18 Erchles St, Rumford, ME

This home is located at 18 Erchles St, Rumford, ME 04276 since 22 July 2022 and is currently estimated at $139,415, approximately $48 per square foot. This property was built in 1903. 18 Erchles St is a home located in Oxford County with nearby schools including Rumford Elementary School, Meroby Elementary School, and Mountain Valley Middle School.

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