T
Seller's Agent in 2024
Tyler Stewart
Keller Williams Realty
(207) 213-7644
24 Total Sales
205 Cumberland St Rumford, ME 04276
--
Bed
6
Baths
7,455
Sq Ft
6,534
Sq Ft Lot
Highlights
- Wood Flooring
- 2 Car Detached Garage
- Baseboard Heating
- No HOA
About This Home
As of June 2024205 Cumberland is a large, value add 6-unit with a 7th unit currently under construction! With updated electrical, a newer furnace and many new upgrades, this property boasts both equity and rental income opportunities. Conveniently located in town, this property promotes accessibility and convenience to shopping, schools, and other public amenities.
Last Buyer's Agent
Matthew Freedman
Keller Williams Realty
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,497
Year Built
- Built in 1910
Parking
- 2 Car Detached Garage
- Common or Shared Parking
- Shared Driveway
Home Design
- Flat Roof Shape
- Wood Frame Construction
- Vinyl Siding
Interior Spaces
- 6 Full Bathrooms
- 7,455 Sq Ft Home
- Multi-Level Property
Flooring
- Wood
- Tile
- Vinyl
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Utilities
- No Cooling
- Heating System Uses Oil
- Baseboard Heating
- Hot Water Heating System
Additional Features
- 6,534 Sq Ft Lot
- City Lot
Listing and Financial Details
- Tax Lot 246
- Assessor Parcel Number RUMF-000113-000000-000246
Community Details
Overview
- No Home Owners Association
- 6 Units
Building Details
- Operating Expense $47,958
- Gross Income $90,231
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 29, 2024
Closed on
Jun 27, 2024
Sold by
Andrews Management Llc
Bought by
Davi Properties Llc
Seller's Agent
Tyler Stewart
Keller Williams Realty
Buyer's Agent
Matthew Freedman
Keller Williams Realty
List Price
$350,000
Sold Price
$300,000
Premium/Discount to List
-$50,000
-14.29%
Total Days on Market
45
Views
34
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,232
Avg. Annual Appreciation
4.44%
Original Mortgage
$2,000,000
Outstanding Balance
$1,986,483
Interest Rate
6.95%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
-$1,674,251
Purchase Details
Closed on
Jun 18, 2021
Sold by
Joshua Management Llc
Bought by
Andrews Management Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,000,000 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $224,000 | Commercial | |
| Previous Owner | $100,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $176,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/28/2024 06/28/24 | Sold | $300,000 | -14.3% | $40 / Sq Ft |
| 05/14/2024 05/14/24 | Pending | -- | -- | -- |
| 03/29/2024 03/29/24 | For Sale | $350,000 | -- | $47 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
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 | $2,621 | $157,700 | $10,800 | $146,900 |
| 2023 | $2,497 | $112,600 | $7,700 | $104,900 |
| 2022 | $2,497 | $112,600 | $7,700 | $104,900 |
| 2021 | $2,528 | $112,600 | $7,700 | $104,900 |
| 2020 | $2,545 | $112,600 | $7,700 | $104,900 |
| 2019 | $1,953 | $64,042 | $3,500 | $60,542 |
| 2018 | $1,905 | $64,042 | $3,500 | $60,542 |
| 2017 | $1,848 | $64,042 | $3,500 | $60,542 |
| 2016 | $1,793 | $64,042 | $3,500 | $60,542 |
| 2015 | $1,758 | $64,042 | $3,500 | $60,542 |
| 2014 | $1,726 | $64,042 | $3,500 | $60,542 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Stewart
-
M
Buyer's Agent in 2024
Matthew Freedman
Keller Williams Realty
Map
Source: Maine Listings
MLS Number: 1585255
APN: RUMF-000113-000000-000246
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