NOT LISTED FOR SALE

2 True St Freeport, ME 04032

Estimated Value: $748,000 - $824,000

5 Beds
4 Baths
2,546 Sq Ft
$309/Sq Ft Est. Value

Last Sold December 30, 2016

Last sale price $350,000 $137 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $4,605/month

25 Days on Market

Highlights

  • 1.84 Acre Lot
  • Wood Flooring
  • Main Floor Bedroom
  • Mast Landing School Rated A
  • New Englander Architecture
  • Attic

About This Home

As of December 2016

Rare 3 unit opportunity in Freeport with great rental history. Minutes to highway, down town Freeport and local amenities. good owner/occupy with a large 2 bedroom, 2 bath first floor unit. Large lot with easy parking, Septic design for two 1 bedroom units and one 2 bedroom unit.

Last Agent to Sell the Property

David Sawyer

Portside Real Estate Group Listed on: 10/17/2016

Last Buyer's Agent

Kate Hodgson

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,773

Year Built

  • Built in 1900

Lot Details

  • 1.84 Acre Lot
  • Corner Lot
  • Level Lot

Home Design

  • New Englander Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Fiberglass Roof
  • Asbestos Siding
  • Vinyl Siding
  • Asbestos
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,546 Sq Ft Home
  • 2-Story Property
  • Attic

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • 4 Full Bathrooms

Unfinished Basement

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

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Shed

Utilities

  • No Cooling
  • Heating System Uses Kerosene
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Private Water Source
  • Private Sewer

Listing and Financial Details

  • Tax Lot 17
  • Assessor Parcel Number FPRT-000016-000017

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Gross Income $34,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,773

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 1.84
  • MLS Status: Closed
  • Directions: Route 136 to True Street just past Houses and Barns by John Libby.
  • Above Grade Finished Sq Ft: 2546.0
  • Architectural Style: New Englander
  • Building Stories: 2
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 137.47
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 1.84
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 2546.0
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Primary Bedroom wBath: Yes
  • Exterior:Vinyl Siding: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 3
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 34200.0
  • Sewer:Private Sewer: Yes
  • Amenities:Attic: Yes
  • Heat Fuel:K-1Kerosene: Yes
  • Water:Private2: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Exterior:Asbestos: Yes
  • Style:New Englander: Yes
  • Roof:Fiberglass: Yes
  • Other Structures:Shed: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 4
  • Fireplace: No
  • Flooring: Wood, Laminate, Carpet
  • Interior Amenities: 1st Floor Bedroom, Attic, Primary Bedroom w/Bath
  • Full Basement: Yes

Exterior Features

  • Lot Features: Corner Lot, Level, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Asbestos, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Other Structures: Shed(s)
  • Roof: Fiberglass

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Paved

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Baseboard, Hot Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer
  • Utilities: Utilities On
  • Water Source: Private

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 80150.4
  • Parcel #: FPRT-000016-000017
  • Zoning: RR1

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 34200.0

Tax Info

  • Tax Annual Amount: 3773.0
  • Tax Lot: 17
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 19, 2021
Sold by
Stephens Tony B and Smith Coleen P
Bought by
C & T Partners Llc
Current Estimated Value
$786,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Outstanding Balance
$281,082
Interest Rate
2.65%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$504,918

Purchase Details

Listed on
Oct 17, 2016
Closed on
Jan 3, 2017
Sold by
Libby John A and Libby Kimberly M
Bought by
Stephens Tony B and Smith Coleen P
Seller's Agent
David Sawyer
Portside Real Estate Group
Buyer's Agent
Kate Hodgson
Keller Williams Realty
List Price
$360,000
Sold Price
$350,000
Premium/Discount to List
-$10,000
-2.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.33%
Original Mortgage
$343,660
Interest Rate
3.75%
Mortgage Type
FHA
Source: Public Records
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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
C & T Partners Llc -- None Available
C & T Partners Llc -- None Available
Stephens Tony B -- --
Stephens Tony B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open C & T Partners Llc $316,000
Closed C & T Partners Llc $316,000
Previous Owner Stephens Tony B $343,660
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2016 12/30/16 Sold $350,000 -2.8% $137 / Sq Ft
11/12/2016 11/12/16 Pending -- -- --
10/17/2016 10/17/16 For Sale $360,000 -- $141 / 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 $6,428 $481,500 $173,800 $307,700
2023 $5,840 $424,700 $158,000 $266,700
2022 $5,576 $408,500 $141,800 $266,700
2021 $5,453 $408,500 $141,800 $266,700
2020 $5,312 $379,400 $131,300 $248,100
2019 $5,201 $363,700 $126,800 $236,900
2018 $5,096 $338,600 $119,400 $219,200
2017 $4,869 $325,700 $116,600 $209,100
2016 $4,320 $273,400 $105,500 $167,900
2015 $3,773 $224,600 $76,700 $147,900
2014 $3,549 $224,600 $76,700 $147,900
2013 $3,679 $232,100 $75,500 $156,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1286237

Maine Listings

APN: FPRT-000016-000017