NOT LISTED FOR SALE

25 Purchase St Rockland, ME 04841

Rockland Area

Estimated Value: $305,000 - $370,000

4 Beds
2 Baths
1,860 Sq Ft
$182/Sq Ft Est. Value

Sale Details

Date Sold: August 18, 2021

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

Est. 54% increase in value since last sale

Current estimated payment $2,278 / mo

8 Days on Market

Highlights

  • Cape Cod Architecture
  • Wood Flooring
  • Property is near shops
  • Deck
  • No HOA
  • 4-minute walk to Friends of Maine Coastal Islands National Wildlife Refuge

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

Real Broker

Last Buyer's Agent

Elaine Meklin

Cates Real Estate

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,318

Year Built

  • Built in 1870

Lot Details

  • 5,227

Home Design

  • Cape Cod Architecture
  • 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
  • Property is near shops

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
  • Location:Location: Intown, Near Shopping, Near Town, Neighborhood
  • 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

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
May 24, 2021
Closed on
Aug 18, 2021
Sold by
Gamage Richard A and Gamage Heidi J
Bought by
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
$338,901

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,901
Avg. Annual Appreciation
8.88%
Original Mortgage
$165,000
Outstanding Balance
$147,090
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$191,811
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Rockland, ME

  • Patti Montana Real Estate Agent - EXP Realty

    Patti Montana

    EXP Realty

    (207) 275-6480

    45 Total Sales

    4 in Rockland

    $125K - $742K Price Range

    Patti Montana
     Section Image
  • Brett Davis Real Estate Agent - EXP Realty

    Brett Davis

    EXP Realty

    (207) 280-7721

    342 Total Sales

    1 in Rockland

    $245,000 Price

    Brett Davis
     Section Image
  • Karen Rizkalla Real Estate Agent - Saint George Realty

    Karen Rizkalla

    Saint George Realty

    (207) 230-6177

    65 Total Sales

    3 in Rockland

    $365K - $476K Price Range

    Karen Rizkalla
     Section Image
  • Penney Read Real Estate Agent - Midcoast Realty Group

    Penney Read

    Responds Quickly

    Midcoast Realty Group

    (207) 466-6273

    96 Total Sales

    38 in Rockland

    $30K - $1.3M Price Range

    Penney Read
     Section Image
  • Bruce Davis Real Estate Agent - Engel & Volkers Casco Bay

    Bruce Davis

    Engel & Volkers Casco Bay

    (207) 386-9380

    90 Total Sales

    1 in Rockland

    $487,500 Price

    Bruce Davis
     Section Image
  • Sarah Allarie Real Estate Agent - Better Homes & Gardens Real Estate/The Masiello Group

    Sarah Allarie

    Better Homes & Gardens Real Estate/The Masiello Group

    (207) 707-6451

    88 Total Sales

    2 in Rockland

    $320K - $445K Price Range

    Sarah Allarie
     Section Image
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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
-- 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 $165,000
Closed Gamage Richard A $28,500
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
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

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 $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

  • NC

    Seller's Agent in 2021

    Nicholas Corrow

    Real Broker

    (207) 649-4437

    119 Total Sales

    Nicholas Corrow
    Section Image

  • EM

    Buyer's Agent in 2021

    Elaine Meklin

    Cates Real Estate

    (207) 691-0959

    172 Total Sales

    Elaine Meklin
    Section Image
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Map

Source: Maine Listings

MLS Number: 1493097

Maine Listings

APN: ROCD-000019F-000000-011000

Maine Knox County Rockland 04841

25 Purchase St, Rockland, ME

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