NOT LISTED FOR SALE

25 Purchase St Rockland, ME 04841

Estimated Value: $301,000 - $360,000

4 Beds
2 Baths
1,860 Sq Ft
$180/Sq Ft Est. Value

Sale Details

Date Sold: August 18, 2021

Last sale price $220,000 $118 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $2,198 / mo

8 Days on Market

Highlights

  • Deck
  • No HOA
  • 4-minute walk to Friends of Maine Coastal Islands National Wildlife Refuge
  • Wood Flooring
  • Forced Air Heating System

About This Home

As of August 2021

Great duplex opportunity located conveniently to downtown Rockland. This is one of the few duplexes in the area with a 3-bedroom unit (#25). Each unit has its own heating system, water, and electrical meter. Below market rents are a potential avenue of forced appreciation as rents have remained low for several years. This would also be great as an owner-occupied opportunity--why rent when you could own. Virtual 360 Matterport tours are available for each unit!

Last Agent to Sell the Property

Nicholas Corrow

Real Broker Listed on: 05/24/2021

Last Buyer's Agent

Elaine Meklin

Cates Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,318

Year Built

  • Built in 1870

Lot Details

  • 5,227

Home Design

  • Shingle Roof

Interior Spaces

  • 2 Full Bathrooms
  • 1,860 Sq Ft Home
  • Interior Basement Entry

Flooring

  • Wood
  • Carpet
  • Vinyl

Utilities

  • No Cooling
  • Forced Air Heating System

Additional Features

  • Deck
  • 5,227 Sq Ft Lot

Listing and Financial Details

  • Tax Lot F11
  • Assessor Parcel Number 25PurchaseStreetRockland04841

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $4,432
  • Gross Income $14,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,318

Year Built

Built in 1870

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.12
  • MLS Status: Closed
  • Directions: Heading south on Broadway turn left onto Holmes St, then turn left on Purchase Street. Property is towards the end of the road on the right.
  • Above Grade Finished Sq Ft: 1860.0
  • Architectural Style: Cape Cod
  • Garage Yn: No
  • Year Built: 1870
  • Contract Information:List PriceSqFt: 107.47
  • Property Information:Seasonal: No
  • Water Info:Water View2: No
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Interior Entry
  • Full Bathrooms: 2
  • Flooring: Carpet, Vinyl, Wood

Exterior Features

  • Waterfront: No
  • Patio And Porch Features: Deck
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, 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: 5227.2
  • Parcel #: 25PurchaseStreetRockland04841
  • Zoning: B

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 14700.0
  • Annual Operating Expense: 4432.0

Tax Info

  • Tax Annual Amount: 3318.24
  • Tax Lot: F11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2021
Closed on
Aug 18, 2021
Sold by
Gamage Richard A and Gamage Heidi J
Bought by
Sherry Jon
Seller's Agent
Nicholas Corrow
Real Broker
Buyer's Agent
Elaine Meklin
Cates Real Estate
List Price
$199,900
Sold Price
$220,000
Premium/Discount to List
$20,100
10.06%
Current Estimated Value
$334,064

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,064
Avg. Annual Appreciation
9.40%
Original Mortgage
$165,000
Outstanding Balance
$149,061
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$185,003
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
Sherry Jon -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sherry Jon $165,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/18/2021 08/18/21 Sold $220,000 +10.1% $118 / Sq Ft
06/02/2021 06/02/21 Pending -- -- --
05/24/2021 05/24/21 For Sale $199,900 -- $107 / Sq Ft
Source: Maine Listings

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
2025 $4,785 $288,600 $79,700 $208,900
2024 $3,643 $148,800 $35,800 $113,000
2023 $3,611 $148,800 $35,800 $113,000
2022 $3,611 $148,800 $35,800 $113,000
2021 $3,363 $148,800 $35,800 $113,000
2020 $3,318 $148,800 $35,800 $113,000
2019 $3,036 $122,600 $14,200 $108,400
2018 $2,830 $122,600 $14,200 $108,400
2017 $2,732 $122,600 $14,200 $108,400
2016 $2,663 $122,600 $14,200 $108,400
2015 $2,599 $122,600 $14,200 $108,400
2014 $2,472 $122,600 $14,200 $108,400
2013 $2,393 $122,600 $14,200 $108,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1493097

Maine Listings

APN: ROCD-000019F-000000-011000

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