NOT LISTED FOR SALE

281 Main St Warren, ME 04864

Estimated Value: $306,000 - $408,000

-- Bed
3 Baths
2,460 Sq Ft
$137/Sq Ft Est. Value

Last Sold September 22, 2023

Last sale price $274,900 $112 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,021/month

4 Days on Market

Highlights

  • The property is located in a historic district
  • Main Floor Bedroom
  • 2 Car Detached Garage
  • Wood Flooring
  • No HOA
  • Hot Water Heating System

About This Home

As of September 2023

Investment opportunity! Located on a .5 acre lot intown Warren is a triplex full of possibilities. Live in one unit and rent out the other two units for additional income. Looking for a work from home situation? Consider commercial opportunities with the large space on the first floor, or rent this space out for a fourth source of revenue. Including a two car detached garage as well as three decks facing the private back yard, there is so much opportunity here! Call today.

Last Agent to Sell the Property

Erik Jura

Cates Real Estate Brokerage Email: erik@catesre.com Listed on: 08/18/2023

Co-Listed By

Michelle Jura

Cates Real Estate Brokerage Email: erik@catesre.com

Last Buyer's Agent

Erik Jura

Cates Real Estate Brokerage Email: erik@catesre.com Listed on: 08/18/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,282

Year Built

  • Built in 1799

Lot Details

  • 0.5 Acre Lot
  • Level Lot
  • Open Lot

Parking

  • 2 Car Detached Garage
  • Gravel Driveway

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Clap Board Siding
  • Clapboard

Interior Spaces

  • 2,460 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 3 Full Bathrooms

Location

  • The property is located in a historic district
  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Propane
  • Radiant Heating System
  • Heating System Mounted To A Wall or Window
  • Hot Water Heating System
  • Water Heated On Demand
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 67
  • Assessor Parcel Number WRRR-000003-000000-000067U

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $1,610
  • Gross Income $19,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,282

Year Built

Built in 1799

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.5
  • Road Surface Type: Paved
  • Co List Office Mls Id: 2766
  • Co List Office Phone: 207-701-5600
  • MLS Status: Closed
  • Directions: From Route 90, turn onto Oyster River Road (Route 131) and take a right onto Main Street. Follow Main Street into downtown Warren, see sign.
  • Above Grade Finished Sq Ft: 2460.0
  • Architectural Style: Other Style
  • Garage Yn: Yes
  • Building Stories: 2
  • Year Built: 1799
  • Attribution Contact: erik@catesre.com
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.5
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2460.0
  • Property Information:Garage: Yes
  • 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:Hot Water: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Water Heater:On Demand: Yes
  • Property Information:Garage Spaces: 2.0
  • Foundation Materials:Slab: Yes
  • Vehicle Storage:Detached: Yes
  • Property Information:Number of Units: 3
  • Exterior:Clapboard: Yes
  • Heat System:Radiant: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 19200.0
  • Income Expenses Operating Expenses: 1609.7
  • Location:Historic District: Yes
  • Basement:Slab2: Yes
  • Driveway:Gravel: Yes
  • Equipment:Cable: Yes
  • Heat System:Direct Vent Heater: Yes
  • Heat System:Direct Vent Furnace: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Not Applicable
  • Full Bathrooms: 3
  • Flooring: Wood, Carpet
  • Interior Amenities: 1st Floor Bedroom

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Historic District, Intown, Near Shopping
  • Waterfront: No
  • Construction Type: Clapboard, Wood Frame
  • Foundation Details: Slab
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: 1 - 4 Spaces, Gravel, Detached

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiant, Hot Water, Direct Vent Heater, Direct Vent Furnace
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 21780.0
  • Parcel #: WRRR-000003-000000-000067U
  • Zoning: 12

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 19200.0
  • Annual Operating Expense: 1609.7

Tax Info

  • Tax Annual Amount: 2282.0
  • Tax Book Number: 4943
  • Tax Lot: 67
  • Tax Map Number: U3
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2023
Closed on
Sep 22, 2023
Sold by
Erickson Mark Leroy Est and Erickson
Bought by
Crosman David W and Arredondo Veronica Y
Seller's Agent
Erik Jura
Cates Real Estate
Buyer's Agent
Erik Jura
Cates Real Estate
List Price
$274,900
Sold Price
$274,900
Current Estimated Value
$337,009

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,109
Avg. Annual Appreciation
10.39%
Original Mortgage
$192,430
Outstanding Balance
$188,349
Interest Rate
6.96%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$148,660

Purchase Details

Closed on
Nov 4, 2010
Sold by
Walker Reginald and First Na
Bought by
First Na
Source: Public Records

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
Crosman David W $274,900 None Available
First Na $120,006 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Crosman David W $192,430
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/22/2023 09/22/23 Sold $274,900 0.0% $112 / Sq Ft
08/22/2023 08/22/23 Pending -- -- --
08/18/2023 08/18/23 For Sale $274,900 +189.4% $112 / Sq Ft
08/07/2015 08/07/15 Sold $95,000 +458.8% $38 / Sq Ft View Prior Sale
07/27/2015 07/27/15 Pending -- -- --
07/23/2014 07/23/14 Sold $17,000 -88.3% -- View Prior Sale
07/10/2014 07/10/14 For Sale $144,900 +544.0% $58 / Sq Ft
05/27/2014 05/27/14 Pending -- -- --
04/22/2014 04/22/14 For Sale $22,500 -- --
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 $2,807 $197,700 $67,600 $130,100
2023 $2,324 $167,200 $67,600 $99,600
2022 $2,282 $114,100 $47,100 $67,000
2021 $2,168 $114,100 $47,100 $67,000
2020 $2,214 $114,100 $47,100 $67,000
2019 $2,179 $114,100 $47,100 $67,000
2018 $1,945 $106,300 $47,100 $59,200
2017 $1,828 $106,300 $47,100 $59,200
2016 $1,706 $105,300 $47,100 $58,200
2015 $1,685 $105,300 $47,100 $58,200
2014 $2,064 $128,200 $47,100 $81,100
2013 $2,899 $182,300 $47,100 $135,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1569306

Maine Listings

APN: WRRR-000003-000000-000067U