NOT LISTED FOR SALE

218 Pond Rd Bridgton, ME 04009

Estimated Value: $382,000 - $554,000

-- Bed
4 Baths
2,502 Sq Ft
$173/Sq Ft Est. Value

Last Sold May 16, 2022

Last sale price $330,000 $132 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $2,597/month

55 Days on Market

Highlights

  • Additional Residence on Property
  • Public Beach
  • Deck
  • Nearby Water Access
  • 2.09 Acre Lot
  • Main Floor Bedroom

About This Home

As of May 2022

Well-maintained 4-unit multifamily property - 2 separate buildings located just 2 miles from Bridgton center. Primary building is a 1900 farmhouse-style with large, updated 2 BR / 1 BA apartment (perfect for owner occupant) on the first floor offering kitchen, living room, dining area, deck, laundry and full bath. Farmhouse upstairs is a cute, clean 1 BR / 1 BA, large eat-in kitchen. Building 2 includes junior 2BR / 1 BA on ground floor, and 1 BR / 1 BA upstairs, both with living area, kitchenettes and full baths. Large yard and plenty of parking. 2 units are currently rented. Well-maintained grounds with mature plants and gardens in warmer weather. Great return on investment whether fully-rented or owner-occupied at this price.

Last Agent to Sell the Property

Liz Marcella

Chalmers Realty Listed on: 02/21/2022

Last Buyer's Agent

Daniel Weber

Portside Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,518

Year Built

  • Built in 1900

Lot Details

  • 2.09 Acre Lot
  • Public Beach
  • Level Lot

Home Design

  • Farmhouse Style Home
  • Stone Foundation
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 2,502 Sq Ft Home
  • 2-Story Property
  • Laundry on main level

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 4 Full Bathrooms
  • Bathtub
  • Shower Only

Unfinished Basement

  • Exterior Basement Entry
  • Dirt Floor

Parking

  • Gravel Driveway
  • On-Site Parking

Outdoor Features

  • Nearby Water Access
  • Deck

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Hot Water Heating System
  • Electric Water Heater
  • Septic System
  • Septic Design Available
  • Internet Available

Additional Features

  • Additional Residence on Property
  • Property is near a golf course

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number BRGT-000015-000000-000013

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $8,500
  • Gross Income $39,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,518

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 2.09
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From Bridgton center, take 117 toward Harrison for about a mile to Pond Road on your right. Follow one mile to #218-220 - one gray farmhouse style home and a second gray outbuilding.
  • Above Grade Finished Sq Ft: 2502.0
  • Architectural Style: Farmhouse
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 2.09
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 2502.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Location:Near Golf Course: 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
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Water:Public3: Yes
  • Amenities:Storage: Yes
  • Water Heater:Electric2: Yes
  • Amenities:One-Floor Living: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Roof:Metal: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 4
  • Foundation Materials:Stone: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 39000.0
  • Income Expenses Operating Expenses: 8500.0
  • Parking:On Site2: Yes
  • Location:Near Public Beach: Yes
  • Exterior:Wood Siding: Yes
  • Amenities:Bathtub: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Basement:Dirt Floor: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Driveway:Gravel: Yes
  • Equipment:Internet Access Available: Yes
  • Property Information:Deed Restrictions: Unknown
  • Sewer:Septic Existing on Site: Yes
  • Property Information:Bank Owned REO: No
  • Sewer:Septic Design Available: Yes
  • Heat System:Direct Vent Heater: Yes
  • Basement Entry:Exterior Only: Yes
  • Building Info:_pound_ Floors3: 2
  • Property Information 2 Detached Houses on 1 Lot: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Dirt Floor, Exterior Only, Unfinished
  • Full Bathrooms: 4
  • Fireplace: No
  • Flooring: Vinyl, Laminate, Carpet
  • Interior Amenities: 1st Floor Bedroom, Bathtub, One-Floor Living, Shower, Storage
  • Stories: 2

Exterior Features

  • Lot Features: Level, Near Golf Course, Near Public Beach, Near Town
  • Waterfront: No
  • Construction Type: Wood Siding, Wood Frame
  • Foundation Details: Stone
  • Patio And Porch Features: Deck
  • Roof: Metal
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Gravel, On Site

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Direct Vent Heater, Baseboard, Hot Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Septic Design Available, Septic Existing on Site
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Schools

  • Junior High Dist: RSU 61/MSAD 61

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 91040.4
  • Parcel #: BRGT-000015-000000-000013
  • Zoning: RES

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 39000.0
  • Annual Operating Expense: 8500.0

Tax Info

  • Tax Annual Amount: 2518.0
  • Tax Book Number: 31674
  • Tax Lot: 13
  • Tax Map Number: 15
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2022
Closed on
May 16, 2022
Sold by
Halligan Jerald
Bought by
Frutiger Clinton
Seller's Agent
Liz Marcella
Chalmers Realty
Buyer's Agent
Daniel Weber
Portside Real Estate Group
List Price
$340,000
Sold Price
$330,000
Premium/Discount to List
-$10,000
-2.94%
Current Estimated Value
$432,992

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,992
Avg. Annual Appreciation
9.04%
Original Mortgage
$330,000
Outstanding Balance
$314,236
Interest Rate
4.67%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$124,900

Purchase Details

Listed on
Jun 13, 2014
Closed on
Jul 31, 2014
Sold by
Harmon Philip W
Bought by
Halligan Jerald
Seller's Agent
Stanley Harmon
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Liz Marcella
Chalmers Realty
List Price
$159,900
Sold Price
$148,000
Premium/Discount to List
-$11,900
-7.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.83%
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
Frutiger Clinton $330,000 None Available
Halligan Jerald -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frutiger Clinton $330,000
Previous Owner Harmon Philip W $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2022 05/16/22 Sold $330,000 -2.9% $132 / Sq Ft
04/18/2022 04/18/22 Pending -- -- --
02/21/2022 02/21/22 For Sale $340,000 +129.7% $136 / Sq Ft
07/30/2014 07/30/14 Sold $148,000 -7.4% $78 / Sq Ft
06/30/2014 06/30/14 Pending -- -- --
06/13/2014 06/13/14 For Sale $159,900 -- $85 / 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 $2,901 $170,153 $38,108 $132,045
2023 $2,927 $170,153 $38,108 $132,045
2022 $2,586 $170,153 $38,108 $132,045
2021 $2,518 $170,153 $38,108 $132,045
2020 $2,544 $170,153 $38,108 $132,045
2019 $2,552 $170,153 $38,108 $132,045
2018 $2,518 $170,153 $38,108 $132,045
2017 $2,603 $170,153 $38,108 $132,045
2016 $2,527 $170,153 $38,108 $132,045
2015 $2,881 $209,560 $49,108 $160,452
2014 $2,946 $209,560 $49,108 $160,452
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1520106

Maine Listings

APN: BRGT-000015-000000-000013