$360,000
SOLD JUL 1, 2024

27 Elm St Brewer, ME 04412

-- Bed
3 Baths
2,350 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$153 Per Sq Ft

11% Above List Price

5 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Bathtub
  • Corner Lot
  • Double Pane Windows
  • Zoned Heating

About This Home

As of July 2024

Explore the potential of this multi-unit property at 27 Elm St, Brewer, ME, ideal for both owner-occupants and investors. This property features three units: two 2-bedroom, 1-bath units, and one 1-bedroom, 1-bath unit, priced at $325,000. Recent upgrades include a new roof, new siding, a new deck, and the renovation of one unit, enhancing appeal and minimizing future maintenance. The building hosts two long-term tenants, and one newly renovated unit that is ready to rent. Ample off-street parking adds convenience. This investment promises consistent occupancy and a robust income stream, making it a valuable addition to any portfolio. Contact us today to learn more or schedule a viewing.

Last Agent to Sell the Property

Jason Erwin

EXP Realty

EXP Realty

Co-Listed By

Rylee Knox

EXP Realty

Last Buyer's Agent

Lewis Morris Nicole Drake

NextHome Experience

NextHome Experience

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,134

Year Built

  • Built in 1900

Lot Details

  • 6,970 Sq Ft Lot
  • Corner Lot
  • Level Lot

Parking

  • Gravel Driveway

Home Design

  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,350 Sq Ft Home
  • Multi-Level Property
  • Double Pane Windows
  • Unfinished Basement
  • Interior Basement Entry

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Full Bathrooms
  • Bathtub
  • Shower Only

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Electric Water Heater

Additional Features

  • ENERGY STAR/CFL/LED Lights
  • City Lot

Listing and Financial Details

  • Tax Lot 92
  • Assessor Parcel Number BRER-000022-000000-000092

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Coin Laundry

Building Details

  • Operating Expense $3,134
  • Gross Income $38,220

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,134

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.16
  • Road Surface Type: Paved
  • Co List Office Mls Id: 2742
  • Co List Office Phone: 888-439-8743
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 2350.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Efficiency: LED Light Fixtures, Double Pane Windows
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.16
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2350.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 3
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 38220.0
  • Income Expenses Operating Expenses: 3133.56
  • Style:Multi-Level: Yes
  • Amenities:Bathtub: Yes
  • Roof:Pitched: Yes
  • Driveway:Gravel: Yes
  • Energy Efficiency:Double Pane Windows: Yes
  • Energy Efficiency:LED Light Fixtures: Yes
  • Amenities:Laundry - Coin: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl, Laminate, Carpet
  • Interior Amenities: Bathtub, Shower

Exterior Features

  • Lot Features: Corner Lot, Level, Sidewalks, Intown
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Pitched, Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Gravel

Utilities

  • Laundry Features: Laundry - Coin
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On, Pole
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6969.6
  • Parcel #: BRER-000022-000000-000092
  • Zoning: MDR-2

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 38220.0
  • Annual Operating Expense: 3133.56

Tax Info

  • Tax Annual Amount: 3134.0
  • Tax Book Number: 17011
  • Tax Lot: 92
  • Tax Map Number: 22
  • Tax Year: 2023

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2024 07/01/24 Sold $360,000 +10.8% $153 / Sq Ft
05/23/2024 05/23/24 Pending -- -- --
05/17/2024 05/17/24 For Sale $325,000 -- $138 / 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
2024 $3,281 $174,500 $23,700 $150,800
2023 $3,134 $155,900 $21,900 $134,000
2021 $2,995 $134,300 $21,800 $112,500
2020 $2,455 $107,900 $21,800 $86,100
2019 $2,639 $114,800 $21,800 $93,000
2018 $2,374 $105,500 $21,800 $83,700
2017 $2,374 $105,500 $21,800 $83,700
2016 $2,270 $105,500 $21,800 $83,700
2015 $2,270 $105,500 $21,800 $83,700
2014 $2,207 $105,500 $21,800 $83,700
2013 $2,255 $107,800 $12,900 $94,900
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $270,000 Commercial
Closed $270,000 Commercial
Source: Public Records

Deed History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Warranty Deed $160,500 None Available
Warranty Deed $160,500 None Available
Warranty Deed $160,500 None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Source: Public Records

Source: Maine Listings

MLS Number: 1590055

Maine Listings

APN: BRER-000022-000000-000092