NOT LISTED FOR SALE

2 Terio Dr Arundel, ME 04046

-- Bed
8 Baths
6,380 Sq Ft
6.29 Acres

Last Sold April 11, 2024

Last sale price $1,100,000 $172 Per Sq Ft

84 Days on Market

Highlights

  • Nearby Water Access
  • Country Club
  • Deck
  • Kennebunk High School Rated 9+
  • 6.29 Acre Lot
  • Wooded Lot

About This Home

As of April 2024

TWO duplexes totaling 4 townhouse units on a large lot could be just the property you are looking for! Ideal for an investor who values consistent cash flow, or an owner/occupant who would like to enjoy the benefits of home ownership while off-setting their mortgage payment. Each unit offers 2 bedrooms and 1.5 baths, 1st floor laundry hookup, garage, full dry basement, and dedicated boilers/water heaters. Property also includes a separate stand alone, insulated, garage/workshop. Super convenient to Dock Square, Kennebunkport and Route 1.
Great potential for condo conversion and the subsequent sales opportunities.

Last Agent to Sell the Property

Lisa Hughes

Coldwell Banker Realty Brokerage Phone: 207-282-5988 Listed on: 11/03/2023

Coldwell Banker Realty

Last Buyer's Agent

Chris Lavoie

American Dream Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $8,792

Year Built

  • Built in 2002

Lot Details

  • Property fronts a private road
  • Lot Has A Rolling Slope
  • Wooded Lot

Parking

  • 4 Car Direct Access Garage
  • Driveway

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 6,380 Sq Ft Home
  • Multi-Level Property
  • Central Vacuum
  • Laundry on main level

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Doghouse Basement Entry
  • Interior Basement Entry

Outdoor Features

  • Nearby Water Access
  • Deck

Location

  • Property is near golf course

Utilities

  • No Cooling
  • Forced Air Zoned Heating System
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Well
  • Septic System

Listing and Financial Details

  • Tax Lot 30-01
  • Assessor Parcel Number arun-00030-000-30-01

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Recreation

  • Country Club

Building Details

  • Operating Expense $12,200
  • Gross Income $86,400

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$8,792

Year Built

Built in 2002

Lot Details

0

Parking

4

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 6.29
  • Road Frontage Type: Private
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 6380.0
  • Architectural Style: Duplex, Multi-Level, Townhouse
  • Garage Yn: Yes
  • Year Built: 2002
  • Attribution Contact: 207-282-5988
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 188.09
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 6.29
  • Property Information:Total Baths: 8.0
  • Property Information:SqFt Finished Above Grade: 6380.0
  • Property Information:Garage: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Property Information:Garage Spaces: 4.0
  • Roads:Private: Yes
  • Exterior:Vinyl Siding: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Amenities:Walk-in Closets: Yes
  • Vehicle Storage:Direct Entry to Living: Yes
  • Gas:No Gas: Yes
  • Basement Entry:Doghouse: Yes
  • Property Information:Number of Units: 4
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 86400.0
  • Income Expenses Operating Expenses: 12200.0
  • Style:Multi-Level: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Style:Duplex: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Site:Wooded: Yes
  • Site:RollingSloping: Yes
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Location:Near Country Club: Yes
  • Equipment:Central Vacuum: Yes
  • Style:Townhouse: Yes
  • Advertising Remarks:Advertising Remarks: TWO duplexes totaling 4 townhouse units on a large lot could be just the property you are looking for! Ideal for an investor who values consistent cash flow, or an owner/occupant who would like to enjoy the benefits of home ownership while off-setting their mortgage payment. Each unit offers 2 bedrooms and 1.5 baths, 1st floor laundry hookup, garage, full dry basement, and dedicated boilers/water heaters. Property also includes a separate stand alone, insulated, garage/workshop. Super convenient to Dock Square, Kennebunkport and Route 1. Great potential for condo conversion and the subsequent sales opportunities.
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Has Basement: Full, Doghouse, Interior Entry, Unfinished
  • Full Bathrooms: 4
  • Half Bathrooms: 4
  • Flooring: Wood, Tile
  • Interior Amenities: Walk-In Closet(s)
  • Full Basement: Yes

Exterior Features

  • Lot Features: Rolling Slope, Wooded, Near Golf Course, Near Shopping, Near Town
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4.0
  • Parking Features: 5 - 10 Spaces, Paved, Inside Entrance

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Forced Air, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Septic Existing on Site
  • Utilities: Utilities On
  • Water Source: Well

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 273992.4
  • Parcel #: arun-00030-000-30-01
  • Zoning: R-2

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 86400.0
  • Annual Operating Expense: 12200.0

Tax Info

  • Tax Annual Amount: 8791.62
  • Tax Lot: 30-01
  • Tax Year: 2023

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/11/2024 04/11/24 Sold $1,100,000 -8.3% $172 / Sq Ft
01/26/2024 01/26/24 Pending -- -- --
11/03/2023 11/03/23 For Sale $1,200,000 -- $188 / 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 $9,489 $558,200 $68,600 $489,600
2023 $9,163 $539,000 $68,600 $470,400
2022 $9,109 $539,000 $68,600 $470,400
2021 $9,109 $539,000 $68,600 $470,400
2020 $8,792 $525,500 $55,100 $470,400
2019 $8,566 $525,500 $55,100 $470,400
2018 $8,366 $525,500 $55,100 $470,400
2017 $8,145 $525,500 $55,100 $470,400
2016 $7,946 $525,500 $55,100 $470,400
2015 $7,856 $525,500 $55,100 $470,400
2014 $7,620 $525,500 $55,100 $470,400
2013 $7,620 $525,500 $55,100 $470,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1576572

Maine Listings