NOT LISTED FOR SALE

20 Paris St Norway, ME 04268

Estimated Value: $366,720

-- Bed
4 Baths
4,225 Sq Ft
$87/Sq Ft Est. Value

Last Sold December 01, 2022

Last sale price $305,000 $72 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $2,288/month

155 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Baseboard Heating
  • New Englander Architecture
  • No HOA

About This Home

As of December 2022

- FOR SALE: 4 Unit & Leased Office Building

- Two (2) building package totaling approx. 4,225± SF
- 0.74± AC site improved by one office building and one (1) four (4) unit multifamily building
- Ideal value-add or investment opportunity with existing cash flow
- In close vicinity to Downtown, Stephens Memorial Hospital, Guy E. Rowe School and more.
- Approx. 20-25 surface parking spaces on-site
- Well diversified tenant mix with long-term tenancy

- Sale Price: $375,000

Last Agent to Sell the Property

Tim Millett

Porta & Company Listed on: 06/08/2022

Last Buyer's Agent

Timothy Millett

The Boulos Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,438

Year Built

  • Built in 1900

Lot Details

  • 0.74 Acre Lot
  • Corner Lot

Home Design

  • 4,225 Sq Ft Home
  • New Englander Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Clap Board Siding
  • Clapboard

Flooring

  • Wood
  • Carpet

Basement

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

Parking

  • Driveway
  • Paved Parking

Utilities

  • No Cooling
  • Heating System Uses Propane
  • Baseboard Heating
  • Gas Water Heater

Additional Features

  • 4 Full Bathrooms
  • City Lot

Listing and Financial Details

  • Tax Lot 110A
  • Assessor Parcel Number 030-109

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $24,834
  • Gross Income $47,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,438

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.74
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 4225.0
  • Architectural Style: New Englander
  • Garage Yn: No
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.74
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 4225.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Water Heater:Gas: Yes
  • Property Information:Number of Units: 4
  • Exterior:Clapboard: Yes
  • Income Expenses Gross Income: 47700.0
  • Income Expenses Operating Expenses: 24833.86
  • Style:New Englander: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Exterior Entry, Bulkhead
  • Full Bathrooms: 4
  • Flooring: Wood, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Corner Lot, Intown, Near Shopping, Office Park
  • Waterfront: No
  • Construction Type: Clapboard, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 21+ Spaces, Paved

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 32234.4
  • Parcel #: 030-109
  • Zoning: N/A

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 47700.0
  • Annual Operating Expense: 24833.86

Tax Info

  • Tax Annual Amount: 3438.06
  • Tax Book Number: 3023
  • Tax Lot: 110A
  • Tax Map Number: 30
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2022
Closed on
Dec 1, 2022
Sold by
Small Samuel L
Bought by
Beechwoods Stays Llc
Seller's Agent
Tim Millett
Porta & Company
Buyer's Agent
Timothy Millett
The Boulos Company
List Price
$375,000
Sold Price
$305,000
Premium/Discount to List
-$70,000
-18.67%
Views
10
Current Estimated Value
$366,720

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,720
Avg. Annual Appreciation
5.50%
Original Mortgage
$228,750
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
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
Beechwoods Stays Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Beachwoods Stays Llc $200,000
Closed Beechwoods Stays Llc $200,000
Closed Beechwoods Stays Llc $228,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2022 12/01/22 Sold $305,000 -18.7% $72 / Sq Ft
09/09/2022 09/09/22 Pending -- -- --
04/06/2022 04/06/22 For Sale $375,000 -- $89 / 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 $3,677 $206,363 $62,880 $143,483
2023 $3,034 $206,400 $62,900 $143,500
2022 $2,910 $206,400 $62,900 $143,500
2021 $3,418 $195,900 $52,400 $143,500
2020 $3,438 $195,900 $52,400 $143,500
2019 $3,438 $195,900 $52,400 $143,500
2018 $3,369 $195,900 $52,400 $143,500
2017 $3,369 $195,900 $52,400 $143,500
2015 $3,115 $195,900 $52,400 $143,500
2013 $2,880 $195,900 $52,400 $143,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1523868

Maine Listings

APN: NORY-000030-000000-000110-A000000