NOT LISTED FOR SALE

25 Rochester St Berwick, ME 03901

18 Beds
7 Baths
6,796 Sq Ft
0.41 Acres

Last Sold November 02, 2018

Last sale price $475,000 $70 Per Sq Ft

10 Days on Market

Highlights

  • Barn
  • Wood Flooring
  • Level Lot
  • Colonial Architecture
  • Asbestos

About This Home

As of November 2018

Investment opportunity. Seven units total in three buildings. Two duplexes have 3 bedroom units. The three unit has one of each 1,2,& 3 bedroom units. The property has access from two roads, Bridge and Rochester Streets. These units are in the center area of downtown Berwick. Berwick is a town that is being revitalized and now is the perfect opportunity for you to take a diamond in the rough, polish it up, find loving tenants, and build your empire! The units need some TLC but really the hard stuff has already been done. The rents are low for the market and the management is busy with other endeavors than to make this property shine the way it could. There are currently 3 units vacant and left this way deliberately so you can pick your own and set the bar where you want it. This property is pre-inspected and the reports are available once buyers have viewed vacant units first and submitted bank letters or proof of funds. APPRAISER NOTES- NO CLOSING COSTS PAID, ARM LENGTH TRANSACTION, THREE BUILDINGS ON ONE LOT ADDRESSES ARE: 20 A&B BRIDGE (TWO 3 BEDROOM 1 BATH UNITS) 25 A&B ROCHESTER (TWO 3 BEDROOM 1 BATH UNITS) BOTH OF THESE BUILDINGS WERE TOWNHOUSE STYLE UNITS. THREE UNIT BUILDING AT 27 A,B & C ROCHESTER STREET, (ONE 3 BEDROOM 1 BATH TOWNHOUSE, ONE 2 BEDROOM 1 BATH TWO STORY APARTMENT, AND 1 ONE BEDROOM 1 BATH GARDEN STYLE UNIT)

Last Agent to Sell the Property

Marcel Bartley

RE/MAX Shoreline License #002447 Listed on: 08/30/2018

RE/MAX Shoreline

Last Buyer's Agent

A non PrimeMLS customer

A Non PrimeMLS Agency

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,816

Year Built

  • Built in 1900

Lot Details

  • 0.41 Acre Lot
  • Level Lot
  • Open Lot

Home Design

  • Duplex
  • Colonial Architecture
  • Post and Beam
  • Brick Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Asbestos

Interior Spaces

  • 7 Full Bathrooms
  • 6,796 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Natural lighting in basement

Parking

  • 510 Car Parking Spaces
  • Paved Parking

Farming

  • Barn

Utilities

  • Heating System Uses Oil
  • Radiant Heating System
  • Separate Meters
  • Electric Water Heater

Community Details

  • 7 Units
  • Gross Income $77,400

Listing and Financial Details

  • Tax Lot 55

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,816

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Colonial, Duplex
  • Directions: From the town center, turn onto Rochester Street, take driveway access in between 25 and 27 Rochester.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 69.89
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 6796
  • Sq Ft - Apx Total Finished: 6796
  • Property Type: Multi-Family
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Laminate, Vinyl, Wood
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Daylight, Full, Unfinished
  • Sq Ft - Apx Finished AG: 6796

Exterior Features

  • Construction: Post and Beam, Wood Frame
  • Driveway: Paved
  • Exterior: Asbestos, Composition, Vinyl Siding
  • Foundation: Brick, Fieldstone
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle - Other
  • Features Exterior: Barn

Garage/Parking

  • Parking: Parking Spaces 5 - 10

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Heating Fuel: Electric, Oil
  • Heating: Hot Air, Radiant
  • Separate Utilities: Yes
  • Total Ranges: 7
  • Total Refrigerators: 7

Lot Info

  • Map: u0004
  • Lot: 55
  • Lot Sq Ft: 17860
  • Lot Acres: 0.41
  • Lot Description: Level, Open, Sidewalks
  • Zoning: R
  • Deed Book: 14488
  • Deed Page: 900
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 77400
  • Total Full Baths: 7
  • Total Units: 7
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 5

Tax Info

  • Tax Gross Amount: 7816
  • Tax Year: 2018
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/02/2018 11/02/18 Sold $475,000 -5.0% $70 / Sq Ft
09/09/2018 09/09/18 Pending -- -- --
08/30/2018 08/30/18 For Sale $500,000 -- $74 / Sq Ft
Source: PrimeMLS

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 $11,527 $924,400 $116,500 $807,900
2023 $9,382 $512,100 $83,200 $428,900
2022 $9,330 $512,100 $83,200 $428,900
2021 $9,026 $493,200 $83,200 $410,000
2020 $8,646 $493,200 $83,200 $410,000
2019 $10,053 $573,500 $83,200 $490,300
2018 $8,020 $455,700 $75,600 $380,100
2017 $7,815 $455,700 $75,600 $380,100
2016 $7,428 $455,700 $75,600 $380,100
2014 $7,246 $455,700 $75,600 $380,100
2013 $7,314 $455,700 $75,600 $380,100
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: PrimeMLS

MLS Number: 4715986

PrimeMLS

APN: BERW M:U004 B:55