Seller's Agent in 2024
Corey Lee
Real Broker
(207) 314-8443
8 in this area
259 Total Sales
221 Main St Madison, ME 04950
Estimated Value: $168,000 - $202,828
4
Beds
2
Baths
1,855
Sq Ft
$101/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Farmhouse Style Home
- 2 Car Direct Access Garage
- Main Floor Bedroom
- No HOA
- Bathtub
About This Home
As of December 2024Back on the market to no fault of its own! This property has already been appraised, and it is listed below appraised value. Have you been looking for an amazing investment opportunity? Or maybe live in one unit and have your tenant pay most of your mortgage? If so, this great property could be the one you have been looking for. Both units are spacious 2 bedroom units and will be vacant at closing. There is also a nice two car garage with storage above for potential extra income. Outside on your very large intown lot, you will notice plenty of yard space for outdoor activities which you or your tenants will love. Located in a prime location in between the school and Hannaford and walking distance to downtown and the Kennebec River for boating, swimming, and fishing. Only 15 minutes to Skowhegan and 30 minutes to Waterville and Farmington.
Last Buyer's Agent
Corey Lee
Real Broker
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,064
Year Built
- Built in 1940
Lot Details
- 0.5 Acre Lot
- Landscaped
- Level Lot
- Open Lot
Parking
- 2 Car Direct Access Garage
- Parking Storage or Cabinetry
- Automatic Garage Door Opener
- Driveway
Home Design
- Farmhouse Style Home
- Wood Frame Construction
- Shingle Roof
- Wood Siding
Interior Spaces
- 1,855 Sq Ft Home
- Multi-Level Property
- Finished Basement
- Interior Basement Entry
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- Main Floor Bedroom
- 2 Full Bathrooms
- Bathtub
Location
- City Lot
Utilities
- No Cooling
- Heating System Uses Oil
- Baseboard Heating
- Natural Gas Not Available
- Oil Water Heater
Listing and Financial Details
- Tax Lot 096
- Assessor Parcel Number MADN-000020-000000-000096
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Operating Expense $9,059
- Gross Income $30,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 9, 2024
Closed on
Dec 3, 2024
Sold by
Libby Jr Clude A Est and York
Bought by
Holt Chandra and Cottle Sebastian
Seller's Agent
Corey Lee
Real Broker
Buyer's Agent
Corey Lee
Real Broker
List Price
$175,000
Sold Price
$168,000
Premium/Discount to List
-$7,000
-4%
Total Days on Market
129
Views
375
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
$18,957
Avg. Annual Appreciation
8.39%
Original Mortgage
$164,957
Outstanding Balance
$164,360
Interest Rate
6.54%
Mortgage Type
FHA
Estimated Equity
$14,243
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Holt Chandra | $168,000 | None Available | |
| Holt Chandra | $168,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Holt Chandra | $164,957 | |
| Closed | Holt Chandra | $164,957 | |
| Previous Owner | Libby Janice O | $94,000 | |
| Previous Owner | Libby Clyde A | $38,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/03/2024 12/03/24 | Sold | $168,000 | 0.0% | $91 / Sq Ft |
| 10/17/2024 10/17/24 | Pending | -- | -- | -- |
| 10/07/2024 10/07/24 | Price Changed | $168,000 | -1.2% | $91 / Sq Ft |
| 09/25/2024 09/25/24 | Price Changed | $170,000 | -2.9% | $92 / Sq Ft |
| 06/09/2024 06/09/24 | For Sale | $175,000 | -- | $94 / 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 | $2,302 | $143,000 | $35,300 | $107,700 |
| 2023 | $2,064 | $123,600 | $29,900 | $93,700 |
| 2022 | $1,948 | $104,800 | $24,000 | $80,800 |
| 2021 | $1,952 | $100,500 | $22,900 | $77,600 |
| 2020 | $2,057 | $96,800 | $22,900 | $73,900 |
| 2019 | $365 | $95,900 | $22,700 | $73,200 |
| 2018 | $365 | $95,900 | $22,700 | $73,200 |
| 2017 | $2,062 | $95,900 | $22,700 | $73,200 |
| 2016 | $299 | $98,200 | $22,700 | $75,500 |
| 2015 | $1,915 | $98,200 | $22,700 | $75,500 |
| 2014 | $1,915 | $98,200 | $22,700 | $75,500 |
| 2013 | $1,721 | $98,200 | $22,700 | $75,500 |
Source: Public Records
Agents Affiliated with this Home
-
Corey Lee
Map
Source: Maine Listings
MLS Number: 1592682
APN: MADN-000020-000000-000096
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