T
Seller's Agent in 2024
Tyler Stewart
Keller Williams Realty
(207) 213-7644
4 in this area
31 Total Sales
25 Maine Ave Rumford, ME 04276
Estimated Value: $230,000 - $344,000
10
Beds
6
Baths
4,200
Sq Ft
$69/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Baseboard Heating
- Level Lot
- No HOA
- Asbestos
About This Home
As of June 2024Introducing this large, 6-unit multi-family property in the heart of Rumford! At a 15.2% stabilized cap rate, 25 Maine has both rental income and value-add avenues. With two unfinished units, the opportunity presents to bring your vision and add your finishing touches! The two 2-bedroom and four 3-bedroom units boast an abundance of natural light. Conveniently located in town, this property promotes accessibility and convenience to shopping, schools, and other public amenities.
Last Buyer's Agent
Matthew Freedman
Keller Williams Realty
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,422
Year Built
- Built in 1910
Lot Details
- 3,485 Sq Ft Lot
- Level Lot
Home Design
- Wood Frame Construction
- Metal Roof
- Asbestos Siding
- Asbestos
Interior Spaces
- 6 Full Bathrooms
- 4,200 Sq Ft Home
- Multi-Level Property
Flooring
- Wood
- Tile
- Vinyl
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- No Driveway
- On-Street Parking
Location
- City Lot
Utilities
- No Cooling
- Heating System Uses Oil
- Baseboard Heating
- Hot Water Heating System
Listing and Financial Details
- Tax Lot 245
- Assessor Parcel Number RUMF-000117-000000-000245
Community Details
Overview
- No Home Owners Association
- 6 Units
Building Details
- Operating Expense $33,961
- Gross Income $77,759
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 29, 2024
Closed on
Jun 28, 2024
Sold by
Andrews Management Llc
Bought by
Davi Properties Llc
Seller's Agent
Tyler Stewart
Keller Williams Realty
Buyer's Agent
Matthew Freedman
Keller Williams Realty
List Price
$300,000
Sold Price
$300,000
Views
24
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
-$9,486
Avg. Annual Appreciation
-2.58%
Original Mortgage
$240,000
Outstanding Balance
$237,361
Interest Rate
7.02%
Mortgage Type
Commercial
Estimated Equity
$53,153
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 |
|---|---|---|---|
| Davi Properties Llc | -- | None Available | |
| Davi Properties Llc | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Davi Properties Llc | $240,000 | |
| Closed | Davi Properties Llc | $240,000 | |
| Previous Owner | Maine Ave Mgmt Llc | $120,000 | |
| Previous Owner | Maine Ave Management Llc | $86,400 | |
| Previous Owner | By Eye Property Mgmt Llc | $72,000 | |
| Previous Owner | By Eye Property Mgmt Llc | $56,490 | |
| Previous Owner | Cameron Robert A | $65,850 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/28/2024 06/28/24 | Sold | $300,000 | 0.0% | $71 / Sq Ft |
| 05/14/2024 05/14/24 | Pending | -- | -- | -- |
| 03/29/2024 03/29/24 | For Sale | $300,000 | +177.8% | $71 / Sq Ft |
| 11/08/2019 11/08/19 | Sold | $108,000 | -9.9% | $26 / Sq Ft |
| 10/01/2019 10/01/19 | Pending | -- | -- | -- |
| 03/04/2019 03/04/19 | For Sale | $119,900 | -- | $29 / 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 | $2,541 | $152,900 | $11,900 | $141,000 |
| 2023 | $2,422 | $109,200 | $8,500 | $100,700 |
| 2022 | $2,422 | $109,200 | $8,500 | $100,700 |
| 2021 | $2,452 | $109,200 | $8,500 | $100,700 |
| 2020 | $2,468 | $109,200 | $8,500 | $100,700 |
| 2019 | $1,365 | $44,766 | $3,000 | $41,766 |
| 2018 | $1,332 | $44,766 | $3,000 | $41,766 |
| 2017 | $1,291 | $44,766 | $3,000 | $41,766 |
| 2016 | $1,253 | $44,766 | $3,000 | $41,766 |
| 2015 | $1,229 | $44,766 | $3,000 | $41,766 |
| 2014 | $1,206 | $44,766 | $3,000 | $41,766 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Stewart
-
M
Buyer's Agent in 2024
Matthew Freedman
Keller Williams Realty
-
Matt Pingree
Seller's Agent in 2019
Matt Pingree
Amnet Realty
(207) 357-8891
72 in this area
218 Total Sales
-
Sally Arsenault
Buyer's Agent in 2019
Sally Arsenault
Amnet Realty
(207) 357-0120
32 in this area
109 Total Sales
Map
Source: Maine Listings
MLS Number: 1585247
APN: RUMF-000117-000000-000245
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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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