R
Seller's Agent in 2021
Ryan Arsenault
Cassie Mason Real Estate
(207) 890-4284
18 in this area
79 Total Sales
238 Hancock St Rumford, ME 04276
Estimated Value: $252,000 - $409,000
8
Beds
5
Baths
5,560
Sq Ft
$56/Sq Ft
Est. Value
Highlights
- No HOA
- Zoned Heating
- Level Lot
- Porch
- Baseboard Heating
- Carpet
About This Home
As of September 2021Large brick 5 unit with positive cash flow. Located on the corners of Hancock st and Oxford Ave in Rumford. Building has 4, 3 bedroom apartments. The 5th basement unit is currently rented out as as commercial space with potential of being a 1 bedroom unit. Membrane roof replaced in 2017 with 10 year warranty until 2027.
Boiler replaced in 2005 with Buderus boiler.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1902
Lot Details
- 6,098 Sq Ft Lot
- Level Lot
Home Design
- Duplex
- Brick Exterior Construction
- Stone Foundation
- Slab Foundation
- Membrane Roofing
Interior Spaces
- 5 Full Bathrooms
- 5,560 Sq Ft Home
- Multi-Level Property
Flooring
- Carpet
- Vinyl
Basement
- Basement Fills Entire Space Under The House
- Doghouse Basement Entry
- Interior Basement Entry
Parking
- Driveway
- Paved Parking
- On-Street Parking
- On-Site Parking
Utilities
- No Cooling
- Zoned Heating
- Heating System Uses Oil
- Baseboard Heating
- Hot Water Heating System
- Natural Gas Not Available
- Oil Water Heater
- Internet Available
Additional Features
- Porch
- City Lot
Listing and Financial Details
- Tax Lot 185
- Assessor Parcel Number RUMF-000113-000000-000185
Community Details
Overview
- No Home Owners Association
- 5 Units
Building Details
- Operating Expense $17,049
- Gross Income $35,700
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 30, 2021
Closed on
Sep 30, 2021
Sold by
Msb Assoc
Bought by
On The Verge Llc
Seller's Agent
Ryan Arsenault
Cassie Mason Real Estate
Buyer's Agent
Stephen Morgan
Maine Real Estate Pros
List Price
$140,000
Sold Price
$130,000
Premium/Discount to List
-$10,000
-7.14%
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
$180,385
Avg. Annual Appreciation
24.95%
Original Mortgage
$130,000
Outstanding Balance
$119,827
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$190,769
Purchase Details
Closed on
Oct 2, 2008
Sold by
Holman James M and Holman Paula M
Bought by
Msb Association
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 |
|---|---|---|---|
| On The Verge Llc | -- | None Available | |
| Msb Association | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | On The Verge Llc | $130,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/30/2021 09/30/21 | Sold | $130,000 | -7.1% | $23 / Sq Ft |
| 08/06/2021 08/06/21 | Pending | -- | -- | -- |
| 07/30/2021 07/30/21 | For Sale | $140,000 | -- | $25 / 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 | $3,666 | $220,600 | $15,700 | $204,900 |
| 2023 | $3,493 | $157,500 | $11,200 | $146,300 |
| 2022 | $3,493 | $157,500 | $11,200 | $146,300 |
| 2021 | $3,536 | $157,500 | $11,200 | $146,300 |
| 2020 | $3,560 | $157,500 | $11,200 | $146,300 |
| 2019 | $2,043 | $66,968 | $3,500 | $63,468 |
| 2018 | $1,992 | $66,968 | $3,500 | $63,468 |
| 2017 | $1,932 | $66,968 | $3,500 | $63,468 |
| 2016 | $1,875 | $66,968 | $3,500 | $63,468 |
| 2015 | $1,838 | $66,968 | $3,500 | $63,468 |
| 2014 | $1,805 | $66,968 | $3,500 | $63,468 |
Source: Public Records
Agents Affiliated with this Home
-
Ryan Arsenault
-
Stephen Morgan
Buyer's Agent in 2021
Stephen Morgan
Maine Real Estate Pros
(207) 754-2773
4 in this area
102 Total Sales
Map
Source: Maine Listings
MLS Number: 1503060
APN: RUMF-000113-000000-000185
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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