NOT LISTED FOR SALE

197 Main St Lincoln, ME 04457

Estimated Value: $247,000 - $429,000

-- Bed
4 Baths
3,125 Sq Ft
$106/Sq Ft Est. Value

Last Sold April 10, 2017

Last sale price $135,000 $43 Per Sq Ft

Est. 145% increase in value since last sale

Current estimated payment $2,183/month

249 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Forced Air Heating System
  • Corner Lot
  • Cooling Available
  • Baseboard Heating

About This Home

As of April 2017

Do you want others to help you with your retirement? Here's your opportunity! This easy to heat & maintain 4 unit building (2 room commercial space also available) gives you options. Live in one of the units and rent out the other 3, or rent out all 4; the choice is yours. Either way, your mortgage is paid AND you can put money in your retirement account! There's nothing to do here, but sit back and dream about easy living!

Last Agent to Sell the Property

Carolyn Fish Jason Fish

Better Homes & Gardens Real Estate/The Masiello Group Listed on: 05/10/2016

Co-Listed By

Lindsae Fish

Better Homes & Gardens Real Estate/The Masiello Group

Last Buyer's Agent

Carolyn Fish

NextHome Experience

NextHome Experience

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,731

Year Built

  • Built in 1949

Lot Details

  • 0.44 Acre Lot
  • Corner Lot
  • Level Lot
  • Open Lot

Home Design

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

Interior Spaces

  • 4 Full Bathrooms
  • 3,125 Sq Ft Home
  • Multi-Level Property

Flooring

  • Wood
  • Laminate
  • Tile
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Crawl Space

Parking

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

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available

Listing and Financial Details

  • Tax Lot 102
  • Assessor Parcel Number T1596R

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,731

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.44
  • Road Surface Type: Paved
  • Co List Office Mls Id: 1126
  • Co List Office Phone: 207-942-6711
  • MLS Status: Closed
  • Directions: Main Street (Rt 2) to #197 on right. Sign is up.
  • Above Grade Finished Sq Ft: 3125.0
  • Architectural Style: Multi-Level
  • Year Built: 1949
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.44
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 3125.0
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Basement:Unfinished: Yes
  • Roof:Metal: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 4
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Foundation Materials:Block3: Yes
  • Basement:Crawl Space: Yes
  • Restrictions:No Dogs Allowed: Yes
  • Restrictions:No Cats Allowed: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Crawl Space, Full, Exterior Entry, Bulkhead, Interior Entry, Unfinished
  • Full Bathrooms: 4
  • Fireplace: No
  • Flooring: Wood, Vinyl, Tile, Laminate
  • Full Basement: Yes

Exterior Features

  • Lot Features: Corner Lot, Level, Open Lot, Near Shopping, Near Town, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Block
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Paved, On Site, Off Street

Utilities

  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Hot Water, Forced Air, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Cats Allowed, No Dogs Allowed

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 19166.4
  • Parcel #: T1596R
  • Zoning: C2

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 2731.0
  • Tax Book Number: 7292
  • Tax Lot: 102
  • Tax Map Number: 141
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2016
Closed on
Apr 10, 2017
Sold by
Trott Linda J and Trott Dalton E
Bought by
Osborne Arthur and Osborne Melissa
Seller's Agent
Carolyn Fish Jason Fish
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Carolyn Fish Jason Fish
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$149,900
Sold Price
$135,000
Premium/Discount to List
-$14,900
-9.94%
Current Estimated Value
$330,609

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$195,609
Avg. Annual Appreciation
11.29%
Original Mortgage
$108,000
Outstanding Balance
$55,368
Interest Rate
3.37%
Mortgage Type
Commercial
Estimated Equity
$275,241
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
Osborne Arthur -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Osborne Arthur $108,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2017 04/10/17 Sold $135,000 -9.9% $43 / Sq Ft
01/15/2017 01/15/17 Pending -- -- --
05/10/2016 05/10/16 For Sale $149,900 -- $48 / 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 $4,567 $221,700 $42,800 $178,900
2023 $4,308 $167,500 $29,900 $137,600
2022 $3,685 $167,500 $29,900 $137,600
2021 $3,132 $167,500 $29,900 $137,600
2020 $3,110 $144,000 $29,300 $114,700
2019 $3,326 $144,000 $29,300 $114,700
2018 $2,841 $123,000 $22,700 $100,300
2017 $2,774 $123,000 $22,700 $100,300
2016 $2,748 $123,000 $22,700 $100,300
2015 $2,731 $123,000 $22,700 $100,300
2014 $2,755 $123,000 $22,700 $100,300
2013 $2,824 $123,000 $22,700 $100,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1262534

Maine Listings

APN: LNCN-000141-000000-000102