NOT LISTED FOR SALE

277 Main St Cumberland, ME 04021

-- Bed
4 Baths
2,888 Sq Ft
6,534 Sq Ft Lot

Sale Details

Date Sold: October 28, 2021

Last sale price $1,000,000 $346 Per Sq Ft

7 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Hot Water Heating System
  • Mabel I. Wilson School Rated A-
  • Forced Air Heating System
  • Level Lot

About This Home

As of October 2021

This turn-key 4-unit in Cumberland Center is a rare opportunity for investors, a 1031 exchange replacement, or even an owner occupant. 277 Main is the kind of property investors love to own - meticulous condition, simple and functional layouts, and in an outstanding location. Each unit has a private entrance and in-unit laundry plus there is plenty of parking on the newly paved lot. Significant upgrades include new siding, new windows, updated electrical, and a new heating system.

Last Agent to Sell the Property

Brit Vitalius

Vitalius Real Estate Group, LLC Listed on: 10/07/2021

Co-Listed By

Chris Sullivan

Vitalius Real Estate Group, LLC

Last Buyer's Agent

Jessica Wallimann

Vitalius Real Estate Group, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,256

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot
  • Level Lot
  • Open Lot

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 4 Full Bathrooms
  • 2,888 Sq Ft Home
  • Multi-Level Property

Flooring

  • Wood
  • Tile

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Parking

  • Driveway
  • Paved Parking

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Gas Water Heater
  • Private Sewer

Listing and Financial Details

  • Tax Lot 33
  • Assessor Parcel Number CMBL-000011-U000000-000033

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $11,148
  • Gross Income $57,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,256

Year Built

Built in 1900

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.15
  • Road Surface Type: Paved
  • Co List Office Phone: 207-541-3755
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 2888.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 363.57
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.15
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 2888.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Water Heater:Gas: Yes
  • Exterior:Vinyl Siding: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 4
  • Income Expenses Gross Income: 57000.0
  • Income Expenses Operating Expenses: 11148.0
  • Style:Multi-Level: Yes
  • Sewer:Private Sewer: Yes
  • Gas:Natural - At Street: Yes
  • Advertising Remarks:Advertising Remarks: This turn-key 4-unit in Cumberland Center is a rare opportunity for investors, a 1031 exchange replacement, or even an owner occupant. 277 Main is the kind of property investors love to own - meticulous condition, simple and functional layouts, and in an outstanding location. Each unit has a private entrance and in-unit laundry plus there is plenty of parking on the newly paved lot. Significant upgrades include new siding, new windows, updated electrical, and a new heating system.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Exterior Entry, Bulkhead, Unfinished
  • Full Bathrooms: 4
  • Flooring: Wood, Tile
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Near Shopping, Near Town
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Forced Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6534.0
  • Parcel #: CMBL-000011-U000000-000033
  • Zoning: MDR

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 57000.0
  • Annual Operating Expense: 11148.0

Tax Info

  • Tax Annual Amount: 5256.0
  • Tax Lot: 33
  • Tax Year: 2020
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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 List to Sale Price per Sq Ft
10/28/2021 10/28/21 Sold $1,000,000 -4.8% $346 / Sq Ft
10/15/2021 10/15/21 Pending -- -- --
10/07/2021 10/07/21 For Sale $1,050,000 -- $364 / 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 $7,939 $315,300 $92,900 $222,400
2024 $7,331 $315,300 $92,900 $222,400
2023 $6,984 $315,300 $92,900 $222,400
2022 $6,684 $315,300 $92,900 $222,400
2021 $5,308 $258,300 $92,900 $165,400
2020 $5,256 $258,300 $92,900 $165,400
2019 $5,127 $258,300 $92,900 $165,400
2018 $5,094 $258,600 $92,900 $165,700
2017 $4,730 $251,600 $92,900 $158,700
2016 $4,592 $251,600 $92,900 $158,700
2015 $4,554 $251,600 $92,900 $158,700
2014 $4,378 $251,600 $92,900 $158,700
2013 $4,277 $251,600 $92,900 $158,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1511445

Maine Listings
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