NOT LISTED FOR SALE

2 Gerald Terrace Fairfield, ME 04937

Estimated Value: $142,000 - $278,000

4 Beds
2 Baths
2,184 Sq Ft
$95/Sq Ft Est. Value

Last Sold August 30, 2013

Last sale price $63,000 $29 Per Sq Ft

Est. 229% increase in value since last sale

Current estimated payment $1,133/month

1,209 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Forced Air Heating System
  • New Englander Architecture
  • Detached Garage
  • Level Lot

About This Home

As of August 2013

Why rent when you can own? Live in the spacious front unit & use income from rental to offset your expenses. Updated 2 br units include well maintained hardwood floors, new cabinets, fresh paint, new flooring, & windows, 2 furnaces. Good income potential.

Last Agent to Sell the Property

Jill Huard

Summit Real Estate Brokerage Email: office@surette-realestate.com Listed on: 03/23/2010

Last Buyer's Agent

Courtney Blood

Surette Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 0.27 Acre Lot
  • Level Lot
  • Open Lot

Home Design

  • New Englander Architecture
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 2,184 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Vinyl

Parking

  • Detached Garage
  • Driveway

Location

  • City Lot

Utilities

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

Listing and Financial Details

  • Tax Lot 114
  • Assessor Parcel Number 2Gerald TerraceTERFairfiel18114

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $3,479
  • Gross Income $10,860

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.27
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: College Ave. to Main St. in Fairfield left onto Gerald Terrace, just by funeral home. Last home on left.
  • Above Grade Finished Sq Ft: 2184.0
  • Architectural Style: Multi-Level, New Englander
  • Garage Yn: Yes
  • Building Stories: 2
  • Year Built: 1900
  • Attribution Contact: office@surette-realestate.com
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.27
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2184.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:Stone: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 10860.0
  • Income Expenses Operating Expenses: 3479.0
  • Style:Multi-Level: Yes
  • Parking:Paved3: Yes
  • Property Information:Deed Restrictions: Unknown
  • Style:New Englander: Yes
  • Electric:Fuses: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Full, Unfinished
  • Full Bathrooms: 2
  • Flooring: Wood, Vinyl
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Intown, Near Shopping
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Stone, Concrete Perimeter
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved, Detached

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Hot Air
  • Heating Yn: Yes
  • Electric: Fuses, Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 11761.2
  • Parcel #: 2Gerald TerraceTERFairfiel18114
  • Zoning: Urban Res

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 10860.0
  • Annual Operating Expense: 3479.0

Tax Info

  • Tax Annual Amount: 1936.0
  • Tax Book Number: 3978
  • Tax Lot: 114
  • Tax Map Number: 18
  • Tax Year: 2010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 28, 2008
Sold by
Young Virginia
Bought by
Deutsche Bank Natl T Co
Current Estimated Value
$207,133
Source: Public Records

Range of Values:

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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
Deutsche Bank Natl T Co -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2013 08/30/13 Sold $63,000 -29.9% $29 / Sq Ft
07/18/2013 07/18/13 Pending -- -- --
03/26/2010 03/26/10 For Sale $89,900 -- $41 / 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
2023 $421 $19,600 $19,600 $0
2022 $412 $19,600 $19,600 $0
2021 $431 $19,600 $19,600 $0
2020 $437 $19,600 $19,600 $0
2019 $1,699 $76,200 $19,600 $56,600
2018 $1,692 $74,200 $17,600 $56,600
2017 $1,692 $74,200 $17,600 $56,600
2016 $1,662 $74,200 $17,600 $56,600
2015 $1,610 $74,200 $17,600 $56,600
2014 $2,063 $101,900 $17,600 $84,300
2013 $2,063 $101,900 $17,600 $84,300
Source: Public Records

Agents Affiliated with this Home

  • Jill Huard

    Seller's Agent in 2013

    Jill Huard

    Summit Real Estate

    (877) 897-5634

    20 in this area

    112 Total Sales

    Jill Huard
    Section Image

  • C

    Buyer's Agent in 2013

    Courtney Blood

    Surette Real Estate

    Section Image
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Map

Source: Maine Listings

MLS Number: 968126

Maine Listings

APN: FAID-000018-000000-000114

Maine Somerset County Fairfield 04937

2 Gerald Terrace, Fairfield, ME

This home is located at 2 Gerald Terrace, Fairfield, ME 04937 since 23 March 2010 and is currently estimated at $207,133, approximately $94 per square foot. This property was built in 1900. 2 Gerald Terrace is a home located in Somerset County with nearby schools including Lawrence High School, Kennebec Montessori School, and St John Catholic School.

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