NOT LISTED FOR SALE

23 River Ave Gardiner, ME 04345

Estimated Value: $685,106 - $794,000

4 Beds
5 Baths
3,700 Sq Ft
$200/Sq Ft Est. Value

Last Sold August 07, 2019

Last sale price $165,000 $45 Per Sq Ft

Est. 348% increase in value since last sale

Current estimated payment $4,558/month

4 Days on Market

Highlights

  • Nearby Water Access
  • Colonial Architecture
  • No HOA
  • River Front
  • Wood Flooring
  • Zoned Heating

About This Home

As of August 2019

Wonderful 5-unit apartment building in South Gardiner with gorgeous river views in a quiet village setting. Property has 5 spacious well laid out units in a great location. Property is convenient to Freeport, Portland, Mid-Coast, as well as Augusta, Gardiner, Brunswick and Bath with easy access to I-95. Two large parking lots, separate electric meters, vinyl siding and coin-op laundry. Public water and sewer. One-3Bdrm, Two-2Bdrms, Two-1Bdrms with strong rental history (rents are below market). Come see this great investment property!

Last Agent to Sell the Property

John Lawrence

Keller Williams Realty Listed on: 06/26/2019

Keller Williams Realty

Last Buyer's Agent

James Pepin

Sprague & Curtis Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,178

Year Built

  • Built in 1880

Lot Details

  • 0.35 Acre Lot
  • River Front
  • Level Lot
  • Open Lot
  • Land Lease

Property Views

  • Water
  • Scenic Vista

Home Design

  • Colonial Architecture
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 5 Full Bathrooms
  • 3,700 Sq Ft Home
  • Multi-Level Property
  • Laundry on main level

Flooring

  • Wood
  • Carpet
  • Vinyl

Unfinished Basement

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

Parking

  • Gravel Driveway
  • On-Site Parking

Outdoor Features

  • Nearby Water Access
  • River Nearby

Location

  • Suburban Location
  • City Lot

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available

Listing and Financial Details

  • Tax Lot 7/56
  • Assessor Parcel Number 23RiverviewDriveGardiner04345

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Additional Features

  • Coin Laundry
  • Gross Income $38,160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,178

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.35
  • Road Surface Type: Paved
  • Water Body Name: Kennebec
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 3700.0
  • Architectural Style: Colonial, Multi-Level
  • Garage Yn: No
  • Year Built: 1880
  • Location Information:Leased Land: Yes
  • Contract Information:List PriceSqFt: 44.59
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.35
  • Property Information:Total Baths: 5.0
  • Property Information:SqFt Finished Above Grade: 3700.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Exterior:Vinyl Siding: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Gas:No Gas: Yes
  • Location:Suburban: Yes
  • Property Information:Number of Units: 5
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 38160.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Style:Colonial: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Recreational Water:Nearby: Yes
  • Recreational Water:RiverBrookStream: Yes
  • Driveway:Gravel: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • View:Scenic: Yes
  • Foundation Materials:Granite2: Yes
  • Basement Entry:Exterior Only: Yes
  • Amenities:Laundry - Coin: Yes
  • Advertising Remarks:Advertising Remarks: Wonderful 5-unit apartment building in South Gardiner with gorgeous river views in a quiet village setting. Property has 5 spacious well laid out units in a great location. Property is convenient to Freeport, Portland, Mid-Coast, as well as Augusta, Gardiner, Brunswick and Bath with easy access to I-95. Two large parking lots, separate electric meters, vinyl siding and coin-op laundry. Public water and sewer. One-3Bdrm, Two-2Bdrms, Two-1Bdrms with strong rental history (rents are below market). Come see this great investment property!
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Exterior Entry, Bulkhead, Exterior Only, Unfinished
  • Full Bathrooms: 5
  • Fireplace: No
  • Flooring: Wood, Vinyl, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Intown, Neighborhood, Suburban
  • View: Scenic
  • Waterfront Features: River
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Granite, Concrete Perimeter
  • Roof: Shingle

Garage/Parking

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

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level, Laundry - Coin
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Schools

  • Junior High Dist: RSU 11/MSAD 11

Lot Info

  • Land Lease: Yes
  • Lot Size Sq Ft: 15246.0
  • Parcel #: 23RiverviewDriveGardiner04345
  • Zoning: RES/SHRLND

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 38160.0

Tax Info

  • Tax Annual Amount: 3178.0
  • Tax Lot: 7/56
  • Tax Year: 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 15, 2024
Sold by
83Rd Way Int and 83Rd Radano
Bought by
Roman Alisa J and Roman Matthew D
Current Estimated Value
$739,277

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$552,000
Outstanding Balance
$544,908
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$194,369

Purchase Details

Closed on
Jun 2, 2014
Sold by
Uplift Inc
Bought by
Eighty Third Way Int and Radano
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Roman Alisa J $690,000 None Available
Roman Alisa J $690,000 None Available
Eighty Third Way Int -- --
Eighty Third Way Int -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Roman Alisa J $552,000
Closed Roman Alisa J $552,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/07/2019 08/07/19 Sold $165,000 0.0% $45 / Sq Ft
07/01/2019 07/01/19 Pending -- -- --
06/26/2019 06/26/19 For Sale $165,000 +15.8% $45 / Sq Ft
11/20/2017 11/20/17 Sold $142,500 -1.7% $39 / Sq Ft View Prior Sale
09/07/2017 09/07/17 Pending -- -- --
06/02/2016 06/02/16 For Sale $144,900 -- $39 / 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 $8,023 $313,400 $31,400 $282,000
2023 $7,428 $313,400 $31,400 $282,000
2022 $6,957 $313,400 $31,400 $282,000
2021 $6,801 $313,400 $31,400 $282,000
2020 $6,801 $313,400 $31,400 $282,000
2019 $6,801 $313,400 $31,400 $282,000
2018 $6,707 $313,400 $31,400 $282,000
2017 $6,895 $313,400 $31,400 $282,000
2016 $6,106 $284,000 $31,400 $252,600
2015 $4,646 $215,100 $31,400 $183,700
2014 $5,059 $245,600 $31,400 $214,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1421863

Maine Listings

APN: GARR-000040-000000-000007