NOT LISTED FOR SALE

279 Cushing Rd Cushing, ME 04563

Estimated Value: $409,698 - $628,000

-- Bed
3 Baths
3,294 Sq Ft
$151/Sq Ft Est. Value

Last Sold May 31, 2022

Last sale price $385,000 $117 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $3,126/month

7 Days on Market

Highlights

  • View of Trees or Woods
  • Wood Flooring
  • Pasture
  • Deck
  • No HOA
  • Landscaped

About This Home

As of May 2022

Fabulous investment opportunity in Cushing! Come see this well maintained three unit ranch. Each unit is completely turn key and enjoys one floor living and plenty of parking with the common driveway. With a strong rental history, consider the opportunities in this great spot. Call today!

Last Listed By

Erik Jura

Cates Real Estate Brokerage Email: erik@catesre.com Listed on: 04/15/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,005

Year Built

  • Built in 1978

Lot Details

  • 1.43 Acre Lot
  • Rural Setting
  • Landscaped
  • Level Lot
  • Open Lot

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Metal Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3 Full Bathrooms
  • 3,294 Sq Ft Home
  • 1-Story Property
  • Views of Woods
  • Laundry on main level

Flooring

  • Wood
  • Carpet
  • Laminate

Basement

  • Basement Fills Entire Space Under The House
  • Partial Basement
  • Interior and Exterior Basement Entry

Parking

  • Common or Shared Parking
  • Gravel Driveway
  • Shared Driveway

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Hot Water Heating System
  • Private Water Source
  • Well
  • Electric Water Heater
  • Septic System
  • Private Sewer

Additional Features

  • Deck
  • Pasture

Listing and Financial Details

  • Tax Lot 37
  • Assessor Parcel Number CUSH-000011-000000-000037

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Pet Policy

  • Limit on the number of pets

Building Details

  • Operating Expense $11,600
  • Gross Income $33,060

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,005

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 1.43
  • Road Surface Type: Paved
  • Co List Office Mls Id: 2766
  • Co List Office Phone: 207-701-5600
  • MLS Status: Closed
  • Directions: From Route 1 in Warren, take Cushing Road (Route 97). Go 4.2 miles, home on left.
  • Above Grade Finished Sq Ft: 3294.0
  • Architectural Style: Ranch
  • Garage Yn: No
  • Building Stories: 1
  • Year Built: 1978
  • Attribution Contact: erik@catesre.com
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 1.43
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3294.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Amenities:One-Floor Living: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Roof:Metal: Yes
  • Floors:Laminate: Yes
  • Basement:Partial: Yes
  • Style:Ranch: Yes
  • Property Information:Number of Units: 3
  • Building Info:_pound_ Stories2: 1
  • Income Expenses Gross Income: 33060.0
  • Income Expenses Operating Expenses: 11600.0
  • Sewer:Private Sewer: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Location:Rural: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • View:TreesWoods: Yes
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Site:PastureField: Yes
  • Heat System:Direct Vent Furnace: Yes
  • Building Info:_pound_ Floors3: 1
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Has Basement: Bulkhead, Full, Partial, Exterior Entry, Interior Entry
  • Full Bathrooms: 3
  • Fireplace: No
  • Flooring: Wood, Laminate, Carpet
  • Interior Amenities: 1st Floor Bedroom, One-Floor Living
  • Stories: 1
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Landscaped, Pasture, Rural
  • View: Trees/Woods
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck
  • Roof: Metal
  • Patio And Porch Features:Deck: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Direct Vent Furnace, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer, Septic Existing on Site
  • Utilities: Utilities On
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: 1 Pet

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 62290.8
  • Parcel #: CUSH-000011-000000-000037
  • Zoning: Rural

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 33060.0
  • Annual Operating Expense: 11600.0

Tax Info

  • Tax Annual Amount: 5005.0
  • Tax Book Number: 3937
  • Tax Lot: 37
  • Tax Map Number: 11
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2022
Closed on
May 31, 2022
Sold by
Jura Erik E and Jura Michelle Y
Bought by
Maltais Frank
Seller's Agent
Erik Jura
Cates Real Estate
Buyer's Agent
Amy Dresser
Tim Dunham Realty
List Price
$385,000
Sold Price
$385,000
Total Days on Market
7
Current Estimated Value
$498,925

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,925
Avg. Annual Appreciation
8.66%
Original Mortgage
$288,750
Outstanding Balance
$277,510
Interest Rate
5.11%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$213,943

Purchase Details

Closed on
Apr 2, 2008
Sold by
Benner Ashley R
Bought by
Jura Erik E and Jura Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,200
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Maltais Frank $385,000 None Available
Jura Erik E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maltais Frank $288,750
Previous Owner Jura Erik E $255,000
Previous Owner Jura Erik E $171,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2022 05/31/22 Sold $385,000 0.0% $117 / Sq Ft
04/23/2022 04/23/22 Pending -- -- --
04/15/2022 04/15/22 For Sale $385,000 -- $117 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

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 $4,316 $401,530 $45,650 $355,880
2023 $3,624 $226,530 $33,090 $193,440
2022 $3,511 $226,530 $33,090 $193,440
2021 $5,005 $320,810 $47,290 $273,520
2020 $5,037 $320,810 $47,290 $273,520
2019 $4,600 $315,090 $47,290 $267,800
2018 $3,471 $284,820 $47,290 $237,530
2017 $3,140 $241,540 $47,290 $194,250
2016 $3,107 $239,020 $47,290 $191,730
2015 $3,472 $282,300 $47,290 $235,010
2014 $2,701 $239,020 $47,290 $191,730
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1524939

Maine Listings

APN: CUSH-000011-000000-000037