NOT LISTED FOR SALE

24 John St Madison, ME 04950

Estimated Value: $229,000 - $257,000

6 Beds
2 Baths
2,080 Sq Ft
$114/Sq Ft Est. Value

Last Sold July 12, 2021

Last sale price $145,000 $70 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $1,501/month

10 Days on Market

Highlights

  • Chalet
  • 2 Car Garage
  • Heating System Uses Oil
  • No HOA
  • Level Lot

About This Home

As of July 2021

This instant income producing property sits minutes from downtown Madison in a quiet neighborhood. Updated wiring, roof, porch and other improvements makes this a stress free investment. Call today for more details!

Last Agent to Sell the Property

Hope Allain-Boyce

RE/MAX At Home Listed on: 05/25/2021

Last Buyer's Agent

Daurice Courcy

Twin Town Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,108

Year Built

  • Built in 1956

Lot Details

  • 0.26 Acre Lot
  • Level Lot

Parking

  • 2 Car Garage
  • Common or Shared Parking
  • Shared Driveway

Home Design

  • Chalet
  • Post and Beam
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • 2,080 Sq Ft Home
  • Laminate Flooring
  • Basement Fills Entire Space Under The House

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 176
  • Assessor Parcel Number MADN-000021-000000-000176

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $800
  • Gross Income $17,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,108

Year Built

Built in 1956

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.26
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 2080.0
  • Architectural Style: Chalet
  • Garage Yn: Yes
  • Year Built: 1956
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.26
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2080.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Property Information:Garage Spaces: 2.0
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Roof:Metal: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 2
  • Income Expenses Gross Income: 17000.0
  • Income Expenses Operating Expenses: 800.0
  • Construction:Post Beam: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Not Applicable
  • Full Bathrooms: 2
  • Flooring: Laminate
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Near Town
  • Waterfront: No
  • Construction Type: Vinyl Siding, Post & Beam
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: 5 - 10 Spaces, Common

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Air
  • 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: 11325.6
  • Parcel #: MADN-000021-000000-000176
  • Zoning: RESidential

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 17000.0
  • Annual Operating Expense: 800.0

Tax Info

  • Tax Annual Amount: 2108.0
  • Tax Book Number: 5007
  • Tax Lot: 176
  • Tax Map Number: 21
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2021
Closed on
Jul 12, 2021
Sold by
Thomas Jason S
Bought by
Brewer Elizabeth A
Seller's Agent
Hope Allain-Boyce
RE/MAX At Home
Buyer's Agent
Daurice Courcy
Twin Town Properties
List Price
$125,000
Sold Price
$145,000
Premium/Discount to List
$20,000
16%
Current Estimated Value
$238,160

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,160
Avg. Annual Appreciation
12.70%
Original Mortgage
$142,373
Outstanding Balance
$129,740
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$108,420

Purchase Details

Closed on
Mar 14, 2016
Sold by
Fernald John R and Cowan Teri J
Bought by
Thomas Jason S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
3.79%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Brewer Elizabeth A -- None Available
Thomas Jason S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brewer Elizabeth A $142,373
Previous Owner Thomas Jason S $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2021 07/12/21 Sold $145,000 +16.0% $70 / Sq Ft
05/25/2021 05/25/21 Pending -- -- --
05/14/2021 05/14/21 For Sale $125,000 -- $60 / 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 $2,471 $153,500 $29,000 $124,500
2023 $2,219 $132,900 $24,600 $108,300
2022 $2,011 $108,200 $19,600 $88,600
2021 $2,004 $103,200 $18,600 $84,600
2020 $2,108 $99,200 $18,600 $80,600
2019 $2,087 $98,200 $18,400 $79,800
2018 $2,111 $98,200 $18,400 $79,800
2017 $2,111 $98,200 $18,400 $79,800
2016 $2,062 $98,200 $18,400 $79,800
2015 $1,915 $98,200 $18,400 $79,800
2014 $1,915 $98,200 $18,400 $79,800
2013 $1,721 $98,200 $18,400 $79,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1491648

Maine Listings

APN: MADN-000021-000000-000176