J
Seller's Agent in 2024
Jason Erwin
EXP Realty
(978) 407-3255
11 Total Sales
27 Elm St Brewer, ME 04412
--
Bed
3
Baths
2,350
Sq Ft
6,970
Sq Ft Lot
Highlights
- Wood Flooring
- No HOA
- Bathtub
- Corner Lot
- Double Pane Windows
- Zoned Heating
About This Home
As of July 2024Explore 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.
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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 17, 2024
Closed on
May 17, 2024
Sold by
Bennett Rental Prop Llc
Bought by
Rehome Llc
Seller's Agent
Jason Erwin
EXP Realty
Buyer's Agent
Lewis Morris Nicole Drake
NextHome Experience
List Price
$325,000
Sold Price
$360,000
Premium/Discount to List
$35,000
10.77%
Total Days on Market
5
Views
15
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
-$11,234
Avg. Annual Appreciation
-3.25%
Original Mortgage
$270,000
Outstanding Balance
$267,969
Interest Rate
7.02%
Mortgage Type
Commercial
Estimated Equity
$80,797
Purchase Details
Closed on
Nov 28, 2023
Sold by
Gray Donald P
Bought by
Bennett Rental Prop Llc
Purchase Details
Closed on
Nov 6, 2023
Sold by
Gray Kurt D and Gray Kory D
Bought by
Gray Donald P
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 | 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
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $270,000 | Commercial | |
| Closed | $270,000 | Commercial |
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 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 | $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
Agents Affiliated with this Home
-
Jason Erwin
-
Rylee Knox
R
Seller Co-Listing Agent in 2024
Rylee Knox
EXP Realty
(207) 240-2446
98 Total Sales
-
Lewis Morris Nicole Drake
Buyer's Agent in 2024
Lewis Morris Nicole Drake
NextHome Experience
(207) 343-0143
321 Total Sales
Map
Source: Maine Listings
MLS Number: 1590055
APN: BRER-000022-000000-000092
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