NOT LISTED FOR SALE

245 Pine St Rumford, ME 04276

Estimated Value: $164,000 - $299,000

Studio
4 Baths
3,350 Sq Ft
$70/Sq Ft Est. Value

Last Sold April 16, 2021

Last sale price $216,000 $64 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,378/month

17 Days on Market

Highlights

  • Nearby Water Access
  • Country Club
  • Wood Flooring
  • Public Beach
  • Mountain View
  • No HOA

About This Home

As of April 2021

Great Rental Property being offered by one of Rumford's long time landlords who is retiring. Maintained and updated 3 Story. Plus basement apartment. New standing seam Metal Roof, New super efficient heat pump water heaters.. Fully rented with long term leases. Nice Neighborhood. Seller has other rental units he is willing to package together.

Last Agent to Sell the Property

William Dunton

Realty of Maine Listed on: 12/31/2020

Last Buyer's Agent

Charlotte Lane

Coldwell Banker Sandy River Realty

Coldwell Banker Sandy River Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,752

Year Built

  • Built in 1905

Lot Details

  • 6,098 Sq Ft Lot
  • Public Beach
  • Landscaped
  • Open Lot
  • Lot Has A Rolling Slope

Home Design

  • Wood Frame Construction
  • Metal Roof
  • Aluminum Siding

Interior Spaces

  • 4 Full Bathrooms
  • Multi-Level Property
  • Mountain Views
  • Laundry on main level

Flooring

  • Wood
  • Laminate
  • Tile
  • Vinyl

Finished Basement

  • Walk-Out Basement
  • Exterior Basement Entry

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking
  • Off-Site Parking

Outdoor Features

  • Nearby Water Access
  • Enclosed Glass Porch

Location

  • Property is near golf course
  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Propane
  • Heat Pump System
  • Baseboard Heating
  • Hot Water Heating System
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 101
  • Assessor Parcel Number RUMF-000116-000000-000101

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Recreation

  • Country Club

Building Details

  • Operating Expense $13,828
  • Gross Income $44,256

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,752

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.14
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From US RTE2 take Franklin St, Left on Oxford Avenue take second Left on Pine St...2nd house on right.
  • Above Grade Finished Sq Ft: 2250.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1905
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 95.51
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.14
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 2250.0
  • Property Information:SqFt Finished Below Grade: 1100.0
  • Property Information:Garage: No
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Percent Basement Finished: Yes
  • Basement:Walkout Access: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Walk-Out: Yes
  • Driveway:Common2: Yes
  • Roof:Metal: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 4
  • Income Expenses Gross Income: 44256.0
  • Income Expenses Operating Expenses: 13828.0
  • Style:Multi-Level: Yes
  • Location:Near Public Beach: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Equipment:Internet Access Available: Yes
  • Site:RollingSloping: Yes
  • Parking:Off Site: Yes
  • Property Information:Deed Restrictions: Unknown
  • Equipment:Cable: Yes
  • Location:Near Country Club: Yes
  • View:Mountain(s): Yes
  • Exterior:Aluminum Siding: Yes
  • Water Heater:Heat Pump2: Yes
  • Basement Entry:Exterior Only: Yes
  • Patio and Porch Features:Glassed-in Porch: Yes
  • Advertising Remarks:Advertising Remarks: Great Rental Property being offered by one of Rumford's best landlords who is retiring. Beautifully maintained and updated 3 Story. Plus basement apartment. New standing seam Metal Roof, New super efficient heat pump water heaters.. Fully rented with long term leases. Nice Neighborhood. Seller has other rental units he is willing to package together.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Walk-Out Access, Finished, Exterior Only
  • Full Bathrooms: 4
  • Below Grade Sq Ft: 1100.0
  • Flooring: Wood, Vinyl, Tile, Laminate

Exterior Features

  • Lot Features: Open Lot, Rolling Slope, Sidewalks, Landscaped, Intown, Near Golf Course, Near Public Beach, Near Shopping, Neighborhood
  • View: Mountain(s)
  • Waterfront: No
  • Construction Type: Aluminum Siding, Wood Frame
  • Patio And Porch Features: Glass Enclosed, Porch
  • Roof: Metal
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Paved, Common, Off Site

Utilities

  • Laundry Features: Laundry - 1st Floor, Upper Level, Main Level
  • 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
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6098.4
  • Parcel #: RUMF-000116-000000-000101
  • Zoning: residential

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 44256.0
  • Annual Operating Expense: 13828.0

Tax Info

  • Tax Annual Amount: 1752.0
  • Tax Lot: 101
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 31, 2020
Closed on
Apr 16, 2021
Sold by
Bean Michael R
Bought by
Milligan Jessica N and Milligan Stephen E
Seller's Agent
William Dunton
Realty of Maine
Buyer's Agent
Charlotte Lane
Coldwell Banker Sandy River Realty
List Price
$214,900
Sold Price
$216,000
Premium/Discount to List
$1,100
0.51%
Current Estimated Value
$234,909

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,909
Avg. Annual Appreciation
1.79%
Original Mortgage
$162,000
Outstanding Balance
$146,266
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$88,643
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Milligan Jessica N -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Milligan Jessica N $162,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/16/2021 04/16/21 Sold $216,000 +0.5% $64 / Sq Ft
01/18/2021 01/18/21 Pending -- -- --
12/31/2020 12/31/20 For Sale $214,900 -- $64 / 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 $1,805 $108,600 $15,700 $92,900
2023 $1,719 $77,500 $11,200 $66,300
2022 $1,719 $77,500 $11,200 $66,300
2021 $1,740 $77,500 $11,200 $66,300
2020 $1,752 $77,500 $11,200 $66,300
2019 $1,225 $40,151 $3,500 $36,651
2018 $1,194 $40,151 $3,500 $36,651
2017 $1,158 $40,151 $3,500 $36,651
2016 $1,124 $40,151 $3,500 $36,651
2015 $1,102 $40,151 $3,500 $36,651
2014 $1,082 $40,151 $3,500 $36,651
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1478949

Maine Listings

APN: RUMF-000116-000000-000101