Seller's Agent in 2019
Fran Riley
United Realty
(207) 322-4848
18 in this area
205 Total Sales
25 E Main St Searsport, ME 04974
--
Bed
7.5
Baths
3,300
Sq Ft
2,178
Sq Ft Lot
Highlights
- Ocean Front
- Nearby Water Access
- No HOA
- Docks
- Wood Flooring
- 4-minute walk to Mosman Park
About This Home
As of November 2019Mixed use multi-family and commercial Main Street Storefront/Office, includes 5 residential rentals on 2nd and 3rd floors. Commercial storefront offers sidewalk entrance and large, Main Street facing windows. 2 Rooms in rear, large front open space and 1/2 bath. Main St and U.S. Route 1 traffic, lends this commercial unit to office or small retail. Previously an internet café, bakery. H&R Block type office, salon, café, book & toy store, any small business will surely appreciate high foot traffic. All North- East bound traffic from the Mid Coast Region, headed towards Acadia National Park, will pass by this building. High traffic counts. The rental income offers 9% Cap Rate making this a worthy investment. Contact us for detailed P&L. For the new entrepreneur, utilize the 1st floor as your business with the rentals paying your mortgage. Good rates and terms available for small business loans right now so don't delay.NOTE:THIS MLS LIMITS MIXED USE INPUT SPECIFICS. 5 RES UNITS & 1 COMM
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,779
Year Built
- Built in 1900
Lot Details
- 2,178 Sq Ft Lot
- Ocean Front
Home Design
- Brick Exterior Construction
- Brick Foundation
- Stone Foundation
- Wood Frame Construction
- Rolled or Hot Mop Roof
- Membrane Roofing
Interior Spaces
- 3-Story Property
Flooring
- Wood
- Carpet
- Laminate
- Tile
- Vinyl
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Brick Basement
- Interior Basement Entry
Parking
- No Driveway
- On-Site Parking
- Off-Street Parking
Outdoor Features
- Nearby Water Access
- Docks
Location
- City Lot
Utilities
- No Cooling
- Heating System Uses Gas
- Heating System Uses Oil
- Heating System Mounted To A Wall or Window
- Electric Water Heater
Listing and Financial Details
- Tax Lot 34
- Assessor Parcel Number SEAP-000012-000000-000034
Community Details
Overview
- No Home Owners Association
- 6 Units
Amenities
- Community Storage Space
Building Details
- Operating Expense $26,641
- Gross Income $46,830
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/12/2019 11/12/19 | Sold | $260,500 | -13.2% | $79 / Sq Ft |
| 09/24/2019 09/24/19 | Pending | -- | -- | -- |
| 04/14/2019 04/14/19 | For Sale | $300,000 | -- | $91 / 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 | $5,915 | $258,300 | $56,600 | $201,700 |
| 2023 | $5,218 | $258,300 | $56,600 | $201,700 |
| 2022 | $4,985 | $258,300 | $56,600 | $201,700 |
| 2021 | $4,882 | $258,300 | $56,600 | $201,700 |
| 2020 | $4,830 | $258,300 | $56,600 | $201,700 |
| 2019 | $4,779 | $258,300 | $56,600 | $201,700 |
| 2018 | $4,779 | $258,300 | $56,600 | $201,700 |
| 2017 | $4,596 | $189,900 | $36,700 | $153,200 |
| 2016 | $4,539 | $189,900 | $36,700 | $153,200 |
| 2015 | $4,501 | $189,900 | $36,700 | $153,200 |
| 2014 | $4,311 | $189,900 | $36,700 | $153,200 |
| 2013 | $4,083 | $189,900 | $36,700 | $153,200 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2019
Roland Littlefield
United Realty
(207) 322-4848
16 in this area
207 Total Sales
-
M
Buyer's Agent in 2019
Mark Eastman
Ocean's Edge Realty LLC
(207) 266-0281
2 in this area
96 Total Sales
Map
Source: Maine Listings
MLS Number: 1410194
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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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