NOT LISTED FOR SALE
7 Beds
5 Baths
4,365 Sq Ft
8,712 Sq Ft Lot

Sale Details

Date Sold: October 6, 2022

Last sale price $1,150,000 $263 Per Sq Ft

82 Days on Market

Highlights

  • The property is located in a historic district
  • Main Floor Bedroom
  • Attic
  • Wood Flooring
  • Victorian Architecture
  • Furnished

About This Home

As of October 2022

In the heart of Rockland's desirable historic district and in walking distance to all that Rockland has to offer. Built in 1894, this historic home has been tastefully renovated and updated to become one of Rockland's most successful & profitable multi unit properties. Consisting of two 2 bedroom and three deluxe 1 bedroom apartments. Each apartment has been thoughtfully renovated and updated for todays needs while maintaining the charm of its historic past. Updates include: Separate electrical and heating services for each unit, new energy efficient windows, updated kitchens, bathrooms and appliances. Seller has also installed sound reducing barriers between each living space. Historic details include: Double entry hallways and covered front porches, hardwood floors, fireplace mantels, custom builtins, trim and moldings, exposed brickwork, bay windows & pocket doors. Exterior features extensive landscaping, new exterior paint, shaded seating area, privacy fencing and an ample tenant parking area. All three 1 bedroom apartments are being sold furnished. Very strong rental relationships and history. A great investment property or owner occupy and enjoy this premium location and historic building with strong rental income!

Last Agent to Sell the Property

Richard Garrigan

Better Homes & Gardens Real Estate/The Masiello Group Listed on: 07/15/2022

Better Homes & Gardens Real Estate/The Masiello Group

Last Buyer's Agent

Fletcher McNaboe

City + Harbor Real Estate

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,400

Year Built

  • Built in 1894

Lot Details

  • 8,712 Sq Ft Lot
  • Landscaped
  • Level Lot

Home Design

  • Victorian Architecture
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Clap Board Siding
  • Shingle Siding
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 4,365 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Storage
  • Attic

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 5 Full Bathrooms

Unfinished Basement

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

Parking

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

Outdoor Features

  • Porch

Location

  • The property is located in a historic district
  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Propane
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot B9, D2
  • Assessor Parcel Number ROCD-000021B-000000-009000

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Amenities

  • Coin Laundry
  • Community Storage Space

Building Details

  • Operating Expense $22,183
  • Gross Income $134,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,400

Year Built

Built in 1894

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2
  • MLS Status: Closed
  • Directions: From Limerock Street turn onto turn onto Lincoln Street thank right onto Maple Street.
  • Above Grade Finished Sq Ft: 4365.0
  • Architectural Style: Victorian
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1894
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 286.37
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.2
  • Property Information:Total Baths: 5.0
  • Property Information:SqFt Finished Above Grade: 4365.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Storage: Yes
  • Heat Fuel:Electric: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Property Information:Number of Units: 5
  • Foundation Materials:Stone: Yes
  • Exterior:Clapboard: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 134400.0
  • Income Expenses Operating Expenses: 22183.0
  • Parking:On Site2: Yes
  • Location:Historic District: Yes
  • Amenities:Attic: Yes
  • Driveway:Gravel: Yes
  • Heat System:Direct Vent Heater: Yes
  • Amenities:Furniture Included: Yes
  • Amenities:Laundry - Coin: Yes
  • Advertising Remarks:Advertising Remarks: In the heart of Rockland's desirable historic district and in walking distance to all that Rockland has to offer. Built in 1894, this historic home has been tastefully renovated and updated to become one of Rockland's most successful & profitable multi unit properties. Consisting of two 2 bedroom and three deluxe 1 bedroom apartments. Each apartment has been thoughtfully renovated and updated for todays needs while maintaining the charm of its historic past. Updates include: Separate electrical and heating services for each unit, new energy efficient windows, updated kitchens, bathrooms and appliances. Seller has also installed sound reducing barriers between each living space. Historic details include: Double entry hallways and covered front porches, hardwood floors, fireplace mantels, custom builtins, trim and moldings, exposed brickwork, bay windows & pocket doors. Exterior features extensive landscaping, new exterior paint, shaded seating area, privacy fencing and an ample tenant parking area. All three 1 bedroom apartments are being sold furnished. Very strong rental relationships and history. A great investment property or owner occupy and enjoy this premium location and historic building with strong rental income!
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 5
  • Flooring: Wood, Tile
  • Interior Amenities: Furniture Included, 1st Floor Bedroom, Attic, Storage
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Landscaped, Historic District, Intown, Neighborhood
  • Waterfront: No
  • Construction Type: Shingle Siding, Clapboard, Wood Frame
  • Foundation Details: Stone, Concrete Perimeter
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Laundry - Coin
  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Heater, Baseboard
  • 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: 8712.0
  • Parcel #: ROCD-000021B-000000-009000
  • Zoning: Historic

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 134400.0
  • Annual Operating Expense: 22183.0

Tax Info

  • Tax Annual Amount: 6400.0
  • Tax Lot: B9, D2
  • Tax Year: 2021

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2022
Closed on
Oct 6, 2022
Sold by
Bought by
Seller's Agent
Richard Garrigan
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Fletcher McNaboe
City + Harbor Real Estate
List Price
$1,250,000
Sold Price
$1,150,000
Premium/Discount to List
-$100,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$920,000
Outstanding Balance
$871,446
Interest Rate
5.55%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,150,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $35,000
Open $920,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/06/2022 10/06/22 Sold $1,150,000 -8.0% $263 / Sq Ft
10/06/2022 10/06/22 Pending -- -- --
07/15/2022 07/15/22 For Sale $1,250,000 -- $286 / Sq Ft
Source: Maine Listings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $12,324 $743,300 $81,900 $661,400
2024 $9,488 $387,600 $37,000 $350,600
2023 $9,407 $387,600 $37,000 $350,600
2022 $6,873 $283,200 $37,000 $246,200
2021 $6,400 $283,200 $37,000 $246,200
2020 $6,315 $283,200 $37,000 $246,200
2019 $5,519 $222,900 $26,200 $196,700
2018 $5,145 $222,900 $26,200 $196,700
2017 $4,966 $222,900 $26,200 $196,700
2016 $4,841 $222,900 $26,200 $196,700
2015 $4,725 $222,900 $26,200 $196,700
2014 $4,494 $222,900 $26,200 $196,700
2013 $4,351 $222,900 $26,200 $196,700
Source: Public Records

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Map

Source: Maine Listings

MLS Number: 1536551

Maine Listings
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