NOT LISTED FOR SALE

238 Franklin St Rumford, ME 04276

Estimated Value: $186,000 - $305,000

-- Bed
3 Baths
4,032 Sq Ft
$58/Sq Ft Est. Value

Last Sold November 30, 2023

Last sale price $230,000 $57 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $1,537/month

Highlights

  • Wood Flooring
  • Bathtub
  • Baseboard Heating
  • No HOA
  • Enclosed Glass Porch
  • 1 Car Garage

About This Home

As of November 2023

Ever thought of owning an income property for the first time or adding to your portfolio, well this is the one. This building has been passed down for generations. You will have a hard time finding more meticulous, well loved and updated multi family with great tenants who take pride in where they live.
Boiler is only 5 +/- years old, windows. siding and roof done within the last 10 years, exterior motion lights in 2017, hard wired smoke detector thru out the building. Radon mitigation system install, key pad entry locks and pest control contract in place to keep your tenants safe and secure. So whether you are first time investor or multi building investor this is one you don't want to miss. This will not be on the market for long.

Last Agent to Sell the Property

Lynda Hebert

Hebert Realty Group Brokerage Email: info@hebertrealtygroup.com Listed on: 10/18/2023

Last Buyer's Agent

John Bartash

Hebert Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,588

Year Built

  • Built in 1915

Lot Details

  • 5,227 Sq Ft Lot
  • Level Lot
  • Open Lot

Parking

  • 1 Car Garage
  • Driveway

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 4,032 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Full Bathrooms
  • Bathtub
  • Shower Only

Unfinished Basement

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

Outdoor Features

  • Enclosed Glass Porch

Utilities

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

Listing and Financial Details

  • Tax Lot 102
  • Assessor Parcel Number RUMF-000117-000000-000102

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $15,387
  • Gross Income $38,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,588

Year Built

Built in 1915

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.12
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 4032.0
  • Architectural Style: Multi-Level
  • Garage Yn: Yes
  • Building Stories: 3
  • Year Built: 1915
  • Attribution Contact: info@hebertrealtygroup.com
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.12
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 4032.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Property Information:Garage Spaces: 1.0
  • Exterior:Vinyl Siding: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 3
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 38100.0
  • Income Expenses Operating Expenses: 15387.0
  • Style:Multi-Level: Yes
  • Amenities:Bathtub: Yes
  • Building Info:_pound_ Floors3: 3
  • Patio and Porch Features:Glassed-in Porch: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Fireplace: No
  • Flooring: Wood, Vinyl, Laminate
  • Interior Amenities: Bathtub, Shower
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Patio And Porch Features: Glass Enclosed
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: 1 - 4 Spaces, Paved

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, 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: 5227.2
  • Parcel #: RUMF-000117-000000-000102
  • Zoning: none

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 38100.0
  • Annual Operating Expense: 15387.0

Tax Info

  • Tax Annual Amount: 2588.0
  • Tax Book Number: 5423
  • Tax Lot: 102
  • Tax Map Number: 117
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2023
Closed on
Nov 30, 2023
Sold by
Phelps Michael D and Phelps Karen S
Bought by
Bartash Andrew A
Seller's Agent
Lynda Hebert
Hebert Realty Group
Buyer's Agent
John Bartash
Hebert Realty Group
List Price
$239,000
Sold Price
$230,000
Premium/Discount to List
-$9,000
-3.77%
Current Estimated Value
$235,332

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,332
Avg. Annual Appreciation
-2.42%
Original Mortgage
$184,000
Outstanding Balance
$181,767
Interest Rate
7.63%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$39,546
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
Bartash Andrew A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bartash Andrew A $184,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2023 11/30/23 Sold $230,000 -3.8% $57 / Sq Ft
10/18/2023 10/18/23 Pending -- -- --
10/18/2023 10/18/23 For Sale $239,000 -- $59 / 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 $2,714 $163,300 $14,500 $148,800
2023 $2,588 $116,700 $10,400 $106,300
2022 $2,588 $116,700 $10,400 $106,300
2021 $2,620 $116,700 $10,400 $106,300
2020 $2,637 $116,700 $10,400 $106,300
2019 $2,039 $66,843 $5,500 $61,343
2018 $1,989 $66,843 $5,500 $61,343
2017 $1,928 $66,843 $5,500 $61,343
2016 $1,872 $66,843 $5,500 $61,343
2015 $1,835 $66,843 $5,500 $61,343
2014 $1,801 $66,843 $5,500 $61,343
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1575243

Maine Listings

APN: RUMF-000117-000000-000102