Thomas Gadbois
F.O. Bailey Real Estate
(207) 560-4919
139 Total Sales
1 in Norway
$1,600,000 Price
242 Main St Norway, ME 04268
Norway AreaEstimated Value: $350,000 - $428,000
Studio
4
Baths
2,486
Sq Ft
$160/Sq Ft
Est. Value
Highlights
- 200 Feet of Waterfront
- Main Floor Bedroom
- No HOA
- Nearby Water Access
- Farmhouse Style Home
- Porch
About This Home
As of November 2023Looking for the perfect owner-occupied multi-family? Have you been waiting for a multi-family that has privacy in a beautiful setting? Located in downtown Norway, walking distance to shops, restaurants, the brewery, coffee shop, library, hospital & post office. Norway has been a growing destination with nearby wedding venues, Pennesseewasse Lake, trails, snowmobiling and more! This picturesque property has the benefits of in-town living with a charming, private feel. Tree lined and frontage on Bird Brook. Four, one-bedroom units all currently occupied. New heating system was installed in 2021. At the rear of the building is an attached storage unit that the owner uses for self-storage. Great location for an experienced investor or anyone just starting their rental portfolio. Don't miss out on this one!
Last Agent to Sell the Property
Maine Real Estate Experts Brokerage Email: tiffany@turnbullteam.com Listed on: 08/18/2023
Last Buyer's Agent
Meghan Kennerly
U&R Real Estate
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,464
Year Built
- Built in 1900
Lot Details
- 1.25 Acre Lot
- Home fronts a stream
- 200 Feet of Waterfront
- Level Lot
- Open Lot
Property Views
- Water
- Scenic Vista
Home Design
- Farmhouse Style Home
- Wood Frame Construction
- Metal Roof
- Vinyl Siding
Interior Spaces
- 2,486 Sq Ft Home
- 2-Story Property
- Storage
- Washer and Dryer Hookup
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- Main Floor Bedroom
- 4 Full Bathrooms
Unfinished Basement
- Partial Basement
- Interior Basement Entry
- Sump Pump
Parking
- Driveway
- Paved Parking
- Off-Street Parking
Outdoor Features
- Nearby Water Access
- Porch
Location
- Property is near shops
- City Lot
Utilities
- No Cooling
- Heating System Uses Oil
- Baseboard Heating
- Hot Water Heating System
- Natural Gas Not Available
- Internet Available
Listing and Financial Details
- Tax Lot 171
- Assessor Parcel Number NORY-000027-000000-000171
Community Details
Overview
- No Home Owners Association
- 4 Units
Amenities
- Community Storage Space
Building Details
- Operating Expense $14,119
- Gross Income $39,600
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
Aug 18, 2023
Closed on
Nov 1, 2023
Sold by
Morra Anthony C and Morra Pamela A
Bought by
Seller's Agent
Tiffany Pastore
Maine Real Estate Experts
Buyer's Agent
Meghan Kennerly
U&R Real Estate
List Price
$320,000
Sold Price
$325,000
Premium/Discount to List
$5,000
1.56%
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
$72,961
Avg. Annual Appreciation
7.39%
Original Mortgage
$319,113
Interest Rate
7.12%
Mortgage Type
FHA
Purchase Details
Listed on
Aug 18, 2023
Closed on
Oct 17, 2023
Sold by
242 Main Street T and Morra
Bought by
Morra Anthony C and Morra Pamela A
Seller's Agent
Tiffany Pastore
Maine Real Estate Experts
Buyer's Agent
Meghan Kennerly
U&R Real Estate
List Price
$320,000
Sold Price
$325,000
Premium/Discount to List
$5,000
1.56%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,113
Interest Rate
7.12%
Mortgage Type
FHA
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Norway, ME
-
Thomas Gadbois
-
Tamara Baker-Silver
Tamara Baker-Silver
Bearfoot Realty
(207) 495-7812
164 Total Sales
26 in Norway
$27K - $675K Price Range
-
Jon Mercier
Jon Mercier
Maine Source Realty
(207) 531-5498
157 Total Sales
5 in Norway
$73K - $410K Price Range
-
Jennifer Foss
Jennifer Foss
Responds QuicklyMaine Real Estate Choice
(207) 393-2089
24 Total Sales
1 in Norway
$188,000 Price
-
Timothy Cyr
Timothy Cyr
Fontaine Family-The Real Estate Leader
(860) 499-4842
32 Total Sales
4 in Norway
$30K - $572K Price Range
-
Sam Prindle
Sam Prindle
Tim Dunham Realty
(833) 366-7860
116 Total Sales
1 in Norway
$450,000 Price
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 |
|---|---|---|---|
| $325,000 | None Available | ||
| Morra Anthony C | -- | 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 | $320,811 | ||
| Closed | Edwards Brandon D | $319,113 |
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 |
|---|---|---|---|---|
| 11/01/2023 11/01/23 | Sold | $325,000 | +1.6% | $131 / Sq Ft |
| 09/19/2023 09/19/23 | Pending | -- | -- | -- |
| 08/18/2023 08/18/23 | For Sale | $320,000 | -- | $129 / 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 | $2,117 | $103,853 | $37,505 | $66,348 |
| 2024 | $1,851 | $103,853 | $37,505 | $66,348 |
| 2023 | $1,526 | $103,800 | $37,500 | $66,300 |
| 2022 | $1,464 | $103,800 | $37,500 | $66,300 |
| 2021 | $1,487 | $85,200 | $34,100 | $51,100 |
| 2020 | $1,495 | $85,200 | $34,100 | $51,100 |
| 2019 | $1,495 | $85,200 | $34,100 | $51,100 |
| 2018 | $1,465 | $85,200 | $34,100 | $51,100 |
| 2017 | $1,543 | $89,700 | $34,100 | $55,600 |
| 2015 | $1,426 | $89,700 | $34,100 | $55,600 |
| 2013 | $1,319 | $89,700 | $34,100 | $55,600 |
Source: Public Records
Agents Affiliated with this Home
-
Tiffany Pastore
TP
Seller's Agent in 2023
Tiffany Pastore
Maine Real Estate Experts
(207) 319-8158
30 Total Sales
-
MK
Buyer's Agent in 2023
Meghan Kennerly
U&R Real Estate
-
Meghan Glover
MG
Buyer's Agent in 2023
Meghan Glover
Down To Earth Real Estate
(484) 432-0067
53 Total Sales
Map
Source: Maine Listings
MLS Number: 1569299
APN: NORY-000027-000000-000171
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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