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
  • Forced Air Heating System
  • Mabel I. Wilson School Rated A-
  • Property is near shops
  • Hot Water Heating System

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

Location

  • Property is near shops

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

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
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

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 $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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