NOT LISTED FOR SALE

Estimated Value: $233,000 - $783,000

4 Beds
8 Baths
6,444 Sq Ft
$66/Sq Ft Est. Value

Last Sold November 03, 2016

Last sale price $452,500 $70 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $2,694/month

46 Days on Market

Highlights

  • Country Club
  • Wood Flooring
  • Attic
  • Orono Middle School Rated A
  • Main Floor Bedroom
  • No HOA

About This Home

As of November 2016

Unique opportunity to purchase 6 rental units that are fully leased through May 2017 at one site! Four 2 bedroom units, a 4 bedroom unit and a 5 bedroom unit. Strong cash flow. Hardwood floors. Heating systems on natural gas. Coin op laundry in each building. Close to the University of Maine. Rents are: $900, $950, $950, $950, $1900, $1900.

Last Agent to Sell the Property

Chad Bradbury

ERA Dawson-Bradford Co. Listed on: 07/15/2016

ERA Dawson-Bradford Co.

Last Buyer's Agent

Scott Thomas

Maine Discount Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,986

Year Built

  • Built in 1920

Lot Details

  • 0.56 Acre Lot
  • Level Lot
  • Open Lot

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Attic

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 8 Full Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Parking

  • Common or Shared Parking
  • Gravel Driveway
  • Shared Driveway
  • On-Site Parking

Location

  • Property is near a golf course

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 126-127 / 003
  • Assessor Parcel Number 218-222mainstreetoronomaine04473

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Coin Laundry

Recreation

  • Country Club

Building Details

  • Operating Expense $45,695
  • Gross Income $87,036

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,986

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.56
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: North on Main Street in Orono, property is on your right - 2nd property past Leadbetter's convenient store.
  • Above Grade Finished Sq Ft: 4964.0
  • Architectural Style: Multi-Level
  • Building Stories: 2
  • Year Built: 1920
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.56
  • Property Information:Total Baths: 8.0
  • Property Information:SqFt Finished Above Grade: 4964.0
  • Property Information:SqFt Finished Below Grade: 1480.0
  • Site:Level: Yes
  • Site:Open: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Percent Basement Finished: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Driveway:Common2: Yes
  • Basement:Unfinished: Yes
  • Roof:Metal: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 4
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 87036.0
  • Income Expenses Operating Expenses: 45695.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Amenities:Attic: Yes
  • Driveway:Gravel: Yes
  • Equipment:Cable: Yes
  • Location:Near Country Club: Yes
  • Basement Entry:Exterior Only: Yes
  • Building Info:_pound_ Floors3: 2
  • Amenities:Laundry - Coin: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Walk-Out Access, Finished, Full, Interior Entry, Exterior Only, Unfinished
  • Full Bathrooms: 8
  • Below Grade Sq Ft: 1480.0
  • Fireplace: No
  • Flooring: Wood, Vinyl, Tile
  • Interior Amenities: 1st Floor Bedroom, Attic
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Near Golf Course, Near Shopping, Near Town
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Metal, Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 11 - 20 Spaces, Gravel, Common, On Site

Utilities

  • Laundry Features: Laundry - Coin
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 24393.6
  • Parcel #: 218-222mainstreetoronomaine04473
  • Zoning: MDR

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 87036.0
  • Annual Operating Expense: 45695.0

Tax Info

  • Tax Annual Amount: 8986.0
  • Tax Block: 003
  • Tax Book Number: 11437
  • Tax Lot: 126-127
  • Tax Map Number: 027
  • Tax Year: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 29, 2007
Sold by
Hunter Property Irt
Bought by
Estabrook Timothy D and Estabrook Amy F
Current Estimated Value
$426,639

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,000
Interest Rate
6.24%
Mortgage Type
Unknown
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
Estabrook Timothy D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Apple Tree Rentals Llc $318,500
Closed Estabrook Timothy D $87,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/03/2016 11/03/16 Sold $452,500 -8.6% $70 / Sq Ft
08/31/2016 08/31/16 Pending -- -- --
07/15/2016 07/15/16 For Sale $495,000 -- $77 / 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 $3,820 $178,900 $39,600 $139,300
2023 $3,805 $162,600 $36,000 $126,600
2022 $3,870 $162,600 $36,000 $126,600
2021 $3,862 $162,600 $36,000 $126,600
2020 $3,346 $119,100 $35,300 $83,800
2019 $3,150 $119,100 $35,300 $83,800
2018 $3,216 $119,100 $35,300 $83,800
2017 $3,097 $119,100 $35,300 $83,800
2016 $2,960 $119,100 $35,300 $83,800
2015 $2,906 $119,100 $35,300 $83,800
2014 $2,841 $119,100 $35,300 $83,800
2013 $2,763 $119,100 $35,300 $83,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1272944

Maine Listings

APN: ORON-027003-000000-000126