NOT LISTED FOR SALE

18 Oak St Gardiner, ME 04345

Estimated Value: $252,271 - $302,000

6 Beds
2 Baths
2,219 Sq Ft
$129/Sq Ft Est. Value

Last Sold July 16, 2021

Last sale price $190,000 $86 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $1,719/month

25 Days on Market

Highlights

  • Post and Beam
  • No HOA
  • Satellite Dish
  • Attic
  • Forced Air Heating System
  • Open Lot

About This Home

As of July 2021

Investors take note! This multi-unit generates excellent income and has had several updates throughout. Each unit contains 3 bedrooms, 1 bath, access to the attic, and an addition off of the back for additional storage needs. This property is within walking distance of local amenities, and 9 minutes from I-95.

Last Agent to Sell the Property

Garret Getch

Keller Williams Realty Listed on: 04/14/2021

Last Buyer's Agent

Terry Berry

AllMaineHomes, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,292

Year Built

  • Built in 1860

Lot Details

  • 9,583 Sq Ft Lot
  • Open Lot

Parking

  • On-Site Parking

Home Design

  • Duplex
  • Post and Beam
  • New Englander Architecture
  • Concrete Foundation
  • Shingle Roof
  • Composition Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 2,219 Sq Ft Home
  • Carpet
  • Laundry on main level
  • Attic

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Doghouse Basement Entry
  • Interior Basement Entry
  • Sump Pump

Location

  • City Lot

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Natural Gas Not Available
  • Electric Water Heater
  • Satellite Dish

Listing and Financial Details

  • Tax Lot 50
  • Assessor Parcel Number GARR-000030-000000-000050

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $6,533
  • Gross Income $19,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,292

Year Built

Built in 1860

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.22
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From 201, turn right onto Washington Ave, then right onto Oak St. Property is on the right.
  • Above Grade Finished Sq Ft: 2219.0
  • Architectural Style: Duplex, New Englander
  • Garage Yn: No
  • Year Built: 1860
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 101.4
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.22
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2219.0
  • Property Information:Garage: No
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Gas:No Gas: Yes
  • Roof:Composition2: Yes
  • Basement Entry:Doghouse: Yes
  • Property Information:Number of Units: 2
  • Income Expenses Gross Income: 19000.0
  • Income Expenses Operating Expenses: 6533.38
  • Parking:On Site2: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Style:Duplex: Yes
  • Amenities:Attic: Yes
  • Equipment:Satellite Dish: Yes
  • Construction:Post Beam: Yes
  • Water Heater:Tank: Yes
  • Basement:Sump Pump: Yes
  • Style:New Englander: Yes
  • Advertising Remarks:Advertising Remarks: Investors take note! This multi-unit generates excellent income and has had several updates throughout. Each unit contains 3 bedrooms, 1 bath, access to the attic, and an addition off of the back for additional storage needs. This property is within walking distance of local amenities, and 9 minutes from I-95.
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Walk-Out Access, Full, Sump Pump, Doghouse, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Flooring: Other, Carpet
  • Interior Amenities: Attic
  • Full Basement: Yes

Exterior Features

  • Lot Features: Open Lot, Sidewalks, Intown, Near Turnpike/Interstate, Near Town, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Post & Beam
  • Foundation Details: Other, Concrete Perimeter
  • Roof: Composition, Shingle

Garage/Parking

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

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Hot Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On, Pole
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 9583.2
  • Parcel #: GARR-000030-000000-000050
  • Zoning: Res

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 19000.0
  • Annual Operating Expense: 6533.38

Tax Info

  • Tax Annual Amount: 2292.0
  • Tax Lot: 50
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2021
Closed on
Jul 16, 2021
Sold by
Cressey David and Cressey Lorraine B
Bought by
Luckhurst George T
Seller's Agent
Garret Getch
Keller Williams Realty
Buyer's Agent
Terry Berry
AllMaineHomes, LLC
List Price
$225,000
Sold Price
$190,000
Premium/Discount to List
-$35,000
-15.56%
Current Estimated Value
$287,318

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,318
Avg. Annual Appreciation
9.56%
Original Mortgage
$133,000
Outstanding Balance
$120,787
Interest Rate
2.96%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$166,531

Purchase Details

Closed on
Oct 11, 2005
Sold by
Stella L Hammond T
Bought by
Cressey David and Cressey Lorraine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,800
Interest Rate
7%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Luckhurst George T -- None Available
Cressey David -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luckhurst George T $133,000
Previous Owner Cressey David $56,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/16/2021 07/16/21 Sold $190,000 -15.6% $86 / Sq Ft
05/10/2021 05/10/21 Pending -- -- --
04/14/2021 04/14/21 For Sale $225,000 -- $101 / 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 $2,703 $105,600 $25,000 $80,600
2023 $2,503 $105,600 $25,000 $80,600
2022 $2,344 $105,600 $25,000 $80,600
2021 $2,292 $105,600 $25,000 $80,600
2020 $2,292 $105,600 $25,000 $80,600
2019 $2,292 $105,600 $25,000 $80,600
2018 $2,260 $105,600 $25,000 $80,600
2017 $1,981 $105,600 $25,000 $80,600
2016 $2,270 $105,600 $25,000 $80,600
2015 $2,281 $105,600 $25,000 $80,600
2014 $2,175 $105,600 $25,000 $80,600
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Maine Listings

MLS Number: 1487601

Maine Listings

APN: GARR-000030-000000-000050