NOT LISTED FOR SALE

1838 Mercer Rd Mercer, ME 04957

Estimated Value: $289,642

-- Bed
8 Baths
4,200 Sq Ft
$69/Sq Ft Est. Value

Last Sold February 01, 2016

Last sale price $155,000 $37 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $1,840/month

223 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Hot Water Heating System
  • Bathtub
  • Programmable Thermostat
  • Storm Doors

About This Home

As of February 2016

Great investment property, 15% CAP rate. Many improvements, some new porcelain tile and carpet flooring. Complex has new Condensing Gas Boiler, Water Treatment system. Tenants pay own hot water and electric. Paved driveways, plow proof mailboxes. Coin operated washer and dryer on site. New water heaters and refrigerators. Lawn for tenants to enjoy!

Last Agent to Sell the Property

Renee Targett

Kre Brokerage Group Listed on: 07/27/2015

Last Buyer's Agent

Renee Targett

Kre Brokerage Group Listed on: 07/27/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,914

Year Built

  • Built in 1985

Lot Details

  • 1.55 Acre Lot
  • Rural Setting
  • Level Lot
  • Open Lot

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 4,200 Sq Ft Home
  • 1-Story Property
  • Storm Doors
  • Laundry on main level

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Full Bathrooms
  • Bathtub

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Off-Street Parking

Utilities

  • No Cooling
  • Heating System Uses Propane
  • High-Efficiency Furnace
  • Hot Water Heating System
  • Programmable Thermostat
  • Private Water Source
  • Electric Water Heater
  • Private Sewer

Listing and Financial Details

  • Tax Lot 20-1
  • Assessor Parcel Number 1838 Mercer Road

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Additional Features

  • Coin Laundry
  • Gross Income $41,460

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,914

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 1.55
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From Farmington on Route 2, go about 14 miles Apartment building on right.
  • Above Grade Finished Sq Ft: 4200.0
  • Architectural Style: Ranch
  • Efficiency: Storm Doors, Programmable Thermostat, Other/See Internal Remarks, 90% Efficient Furnace
  • Building Stories: 1
  • Year Built: 1985
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 1.55
  • Property Information:Total Baths: 8.0
  • Property Information:SqFt Finished Above Grade: 4200.0
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Foundation Materials:Slab: Yes
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Roof:Metal: Yes
  • Style:Ranch: Yes
  • Property Information:Number of Units: 6
  • Building Info:_pound_ Stories2: 1
  • Income Expenses Gross Income: 41460.0
  • Amenities:Bathtub: Yes
  • Sewer:Private Sewer: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Location:Rural: Yes
  • Water:Private2: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Energy Efficiency:Storm Doors: Yes
  • Energy Efficiency:Programmable Thermostat: Yes
  • Building Info:_pound_ Floors3: 1
  • Amenities:Laundry - Coin: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Has Basement: None, Not Applicable
  • Full Bathrooms: 8
  • Flooring: Vinyl, Tile, Carpet
  • Interior Amenities: 1st Floor Bedroom, Bathtub
  • Stories: 1

Exterior Features

  • Lot Features: Level, Open Lot, Rural
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Slab
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Parking Features: 11 - 20 Spaces, Common, Off Street

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 67518.0
  • Parcel #: 1838 Mercer Road
  • Zoning: Residential

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 41460.0

Tax Info

  • Tax Annual Amount: 2914.0
  • Tax Book Number: 4707
  • Tax Lot: 20-1
  • Tax Map Number: 7
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2015
Closed on
Feb 2, 2016
Sold by
Crash Rd Properties Llc
Bought by
Rogercol Properties Llc
Seller's Agent
Renee Targett
Kre Brokerage Group
Buyer's Agent
Renee Targett
Kre Brokerage Group
List Price
$179,900
Sold Price
$155,000
Premium/Discount to List
-$24,900
-13.84%
Current Estimated Value
$289,642

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,642
Avg. Annual Appreciation
6.66%
Original Mortgage
$95,000
Interest Rate
3.97%
Source: Public Records

Range of Values:

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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
Rogercol Properties Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Rogercol Properties Llc $95,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/01/2016 02/01/16 Sold $155,000 -13.8% $37 / Sq Ft
01/08/2016 01/08/16 Pending -- -- --
05/29/2015 05/29/15 For Sale $179,900 -- $43 / 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 $3,585 $300,100 $56,400 $243,700
2023 $3,585 $192,741 $38,215 $154,526
2022 $0 $192,741 $38,215 $154,526
2021 $3,392 $192,741 $38,215 $154,526
2020 $3,366 $191,241 $36,715 $154,526
2019 $3,308 $191,241 $36,715 $154,526
2018 $3,136 $191,241 $36,715 $154,526
2017 $3,058 $191,241 $36,715 $154,526
2016 $0 $191,241 $36,715 $154,526
2015 $3,025 $191,241 $36,715 $154,526
2014 -- $191,241 $36,715 $154,526
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    Renee Targett

    Kre Brokerage Group

    (207) 491-7388

    3 Total Sales

    Renee Targett
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Map

Source: Maine Listings

MLS Number: 1218571

Maine Listings

APN: MERC-007020-000000-000001

Maine Somerset County 04957

1838 Mercer Rd, ME

This home is located at 1838 Mercer Rd, Mercer, ME 04957 since 27 July 2015 and is currently estimated at $289,642, approximately $68 per square foot. This property was built in 1985. 1838 Mercer Rd is a home located in Somerset County.

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