NOT LISTED FOR SALE

18 Grays Ln Old Town, ME 04468

Estimated Value: $105,000 - $280,000

4 Beds
2 Baths
1,970 Sq Ft
$88/Sq Ft Est. Value

Last Sold December 15, 2020

Last sale price $68,000 $35 Per Sq Ft

Est. 154% increase in value since last sale

Current estimated payment $972/month

3 Days on Market

Highlights

  • Island Location
  • No HOA
  • Carpet
  • Colonial Architecture
  • Shed
  • Heating System Mounted To A Wall or Window

About This Home

As of December 2020

Investors take notice! This 2 unit offers 2 spacious & open 2BR, 1BA units. First floor unit has been recently refinished with new flooring, trim, paint, etc; second floor unit remodeling has been started and is just waiting on your finishing touches! New GeoSpring water heater is shared between the two units, while each unit has its own electric meter & wall mounted propane heater. Great opportunity!

Last Agent to Sell the Property

Carolyn Fish Jason Fish

Better Homes & Gardens Real Estate/The Masiello Group Listed on: 10/06/2020

Last Buyer's Agent

Kimberly McPheters

Better Homes & Gardens Real Estate/The Masiello Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $988

Year Built

  • Built in 1918

Lot Details

  • 4,356

Home Design

  • Colonial Architecture
  • New Englander Architecture
  • Shingle Roof
  • Membrane Roofing

Interior Spaces

  • 2 Full Bathrooms
  • 1,970 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Vinyl

Utilities

  • No Cooling
  • Heating System Mounted To A Wall or Window

Additional Features

  • Shed
  • 4,356 Sq Ft Lot
  • Island Location

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tax Lot 174
  • Assessor Parcel Number OLDN-000031-000000-000174

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$988

Year Built

Built in 1918

Lot Details

4,356 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1
  • MLS Status: Closed
  • Directions: North on S Main St toward Center St. Right onto Center St, then right onto Front Street & left onto Grays Lane. Property is on the left.
  • Above Grade Finished Sq Ft: 1970.0
  • Architectural Style: Colonial, New Englander
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1918
  • Contract Information:List PriceSqFt: 32.23
  • Property Information:Seasonal: No
  • Water Info:Water View2: No
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Bank Owned REO: No
  • Water Info:Island3: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Bulkhead
  • Full Bathrooms: 2
  • Flooring: Carpet, Vinyl
  • Stories: 2

Exterior Features

  • Waterfront: No
  • Other Structures: Shed(s)
  • Patio And Porch Features: Glassed-in Porch
  • Roof: Membrane, Shingle

Garage/Parking

  • Attached Garage: No

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Furnace
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4356.0
  • Parcel #: OLDN-000031-000000-000174
  • Zoning: R-2

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 988.0
  • Tax Lot: 174

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2020
Closed on
Dec 14, 2020
Sold by
Carter Matthew
Bought by
Harlequin Homes Llc
Seller's Agent
Carolyn Fish Jason Fish
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Kimberly McPheters
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$63,500
Sold Price
$68,000
Premium/Discount to List
$4,500
7.09%
Current Estimated Value
$172,403

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,403
Avg. Annual Appreciation
19.67%
Original Mortgage
$51,000
Outstanding Balance
$44,985
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$127,418

Purchase Details

Listed on
May 13, 2013
Closed on
Aug 27, 2013
Sold by
E H Pooled Investments
Bought by
Carter Matthew
Seller's Agent
Jason Saphire
www.HomeZu.com
Buyer's Agent
Brian Cartwright
Realty of Maine
List Price
$28,900
Sold Price
$20,500
Premium/Discount to List
-$8,400
-29.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.64%

Purchase Details

Closed on
Sep 14, 2012
Sold by
Bank Of America Na and Kuan
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Mar 24, 2006
Sold by
Graiver Loni
Bought by
Kuan Jerry C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,550
Interest Rate
6.28%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Harlequin Homes Llc -- None Available
Carter Matthew $20,500 --
Carter Matthew $20,500 --
Federal National Mortgage Association -- --
Federal National Mortgage Association -- --
Kuan Jerry C -- --
Kuan Jerry C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harlequin Homes Llc $51,000
Previous Owner Kuan Jerry C $105,000
Previous Owner Kuan Jerry C $71,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/15/2020 12/15/20 Sold $68,000 +7.1% $35 / Sq Ft
10/10/2020 10/10/20 Pending -- -- --
10/06/2020 10/06/20 For Sale $63,500 +209.8% $32 / Sq Ft
08/01/2013 08/01/13 Sold $20,500 -29.1% $10 / Sq Ft View Prior Sale
07/31/2013 07/31/13 Pending -- -- --
05/13/2013 05/13/13 For Sale $28,900 -- $15 / Sq Ft
Source: Maine Listings

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 $1,009 $57,000 $16,200 $40,800
2023 $1,009 $57,000 $16,200 $40,800
2022 $928 $44,200 $14,100 $30,100
2020 $988 $43,200 $13,700 $29,500
2019 $988 $43,200 $13,700 $29,500
2018 $988 $43,200 $13,700 $29,500
2017 $966 $43,200 $13,700 $29,500
2016 $911 $43,200 $13,700 $29,500
2015 $914 $43,200 $13,700 $29,500
2014 $873 $43,200 $13,700 $29,500
2013 $1,521 $81,400 $13,700 $67,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1471678

Maine Listings

APN: OLDN-000031-000000-000174

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