NOT LISTED FOR SALE

285 Main St Norway, ME 04268

Estimated Value: $285,000 - $436,000

-- Bed
-- Bath
3,260 Sq Ft
$111/Sq Ft Est. Value

Last Sold February 02, 2018

Last sale price $265,000 $81 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $2,324/month

22 Days on Market

Highlights

  • Federal Architecture
  • Forced Air Heating System
  • Coin Laundry
  • No HOA
  • Baseboard Heating
  • Level Lot

About This Home

As of February 2018

Magnificant 8 unit building fully rented, excellent tenants. Meticuliously managed and cared for over the years. HUD contract in place until the year 2034. 6 one bedroom and 2 two bedroom units plus office, 1/2 bath and coin operated laundry. Hardwired smoke detectors with battery backup. Great income, Great building.

Last Agent to Sell the Property

Stephen Morgan

Bean Group Listed on: 09/14/2017

Last Buyer's Agent

Tom Kennison

Bearfoot Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,379

Year Built

  • Built in 1830

Lot Details

  • 7,405 Sq Ft Lot
  • Level Lot

Home Design

  • Federal Architecture
  • Brick Exterior Construction
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Clap Board Siding
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 3,260 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Vinyl

Unfinished Basement

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

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Location

  • City Lot

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available

Listing and Financial Details

  • Tax Lot 083
  • Assessor Parcel Number NORY-000027-000000-000083

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,379

Year Built

Built in 1830

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.17
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 3260.0
  • Architectural Style: Federal, Multi-Level
  • Building Stories: 2
  • Year Built: 1830
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.17
  • Property Information:SqFt Finished Above Grade: 3260.0
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 8
  • Foundation Materials:Stone: Yes
  • Exterior:Clapboard: Yes
  • Building Info:_pound_ Stories2: 2
  • Style:Multi-Level: Yes
  • Roof:Pitched: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Exterior:Brick: Yes
  • Style:Federal: Yes
  • Amenities:Laundry - Coin: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Intown, Near Shopping, Near Town
  • Waterfront: No
  • Construction Type: Clapboard, Brick, Wood Frame
  • Foundation Details: Stone, Concrete Perimeter
  • Roof: Pitched, Shingle

Garage/Parking

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

Utilities

  • Laundry Features: Laundry - Coin
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Forced Air, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7405.2
  • Parcel #: NORY-000027-000000-000083
  • Zoning: Res

Multi Family

  • Number Of Units Total: 8

Tax Info

  • Tax Annual Amount: 4379.0
  • Tax Book Number: 3964
  • Tax Lot: 083
  • Tax Map Number: 027
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2017
Closed on
Feb 5, 2018
Sold by
Dr Danforth House Llc
Bought by
Shelter From Storm Llc
Seller's Agent
Stephen Morgan
Bean Group
Buyer's Agent
Tom Kennison
Bearfoot Realty
List Price
$300,000
Sold Price
$265,000
Premium/Discount to List
-$35,000
-11.67%
Current Estimated Value
$361,256

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,256
Avg. Annual Appreciation
4.12%
Original Mortgage
$222,000
Interest Rate
3.94%
Mortgage Type
New Conventional
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
Shelter From Storm Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Shelter From Storm Llc $222,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2018 02/02/18 Sold $265,000 -11.7% $81 / Sq Ft
10/07/2017 10/07/17 Pending -- -- --
09/14/2017 09/14/17 For Sale $300,000 -- $92 / 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 $4,266 $239,416 $42,426 $196,990
2023 $3,519 $239,400 $42,400 $197,000
2022 $3,376 $239,400 $42,400 $197,000
2021 $4,055 $232,400 $35,400 $197,000
2020 $4,079 $232,400 $35,400 $197,000
2019 $4,079 $232,400 $35,400 $197,000
2018 $3,997 $232,400 $35,400 $197,000
2017 $4,379 $254,600 $35,400 $219,200
2015 $4,048 $254,600 $35,400 $219,200
2013 $3,743 $254,600 $35,400 $219,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1326343

Maine Listings

APN: NORY-000027-000000-000083