NOT LISTED FOR SALE

3 Bridge St Porter, ME 04068

Estimated Value: $278,000 - $323,439

Studio
3 Baths
1,600 Sq Ft
$191/Sq Ft Est. Value

Last Sold June 28, 2021

Last sale price $135,000 $84 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $1,795/month

100 Days on Market

Highlights

  • Nearby Water Access
  • River Front
  • Attic
  • Country Club
  • Main Floor Bedroom
  • No HOA

About This Home

As of June 2021

Attention investors! Take advantage of this great opportunity to own a three unit multi-family home in the historical Kezar Falls Village in Porter. This home is located in a charming tight knit community one building over from the Ossipee River. The home includes a studio and one bedroom unit on the first floor, and a two bedroom unit on the second floor that has river views. Each apartment has a spacious enclosed porch and ample parking. The property has a large backyard with enough space for gardening and activities such as BBQing. This area offers a unique country lifestyle with plenty of recreational activities and events to partake in throughout the year. It has abundant natural resources being surrounded by woods, rivers, lakes and mountains. Outdoor activities include hiking, hunting, fishing and skiing the White Mountains just to name a few. You may even spot a bald eagle flying overhead! When the season warms up enjoy water sports, golfing, music and art festivals, and the renowned Ossipee Valley Fair. Kezar Falls is a walkable village with a beautiful church in the center of town with a charming historical society house. A multi-family family home in this area is a rare find, don't miss out on your chance to own an investment property with great potential income growth!

Last Agent to Sell the Property

Melissa Rioux

EXP Realty Listed on: 05/05/2021

EXP Realty

Last Buyer's Agent

NON-MREIS AGENT

Non MREIS Agency

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,542

Year Built

  • Built in 1901

Lot Details

  • 5,663 Sq Ft Lot
  • River Front
  • Level Lot

Parking

  • Gravel Driveway

Property Views

  • Water
  • Scenic Vista

Home Design

  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 1,600 Sq Ft Home
  • 2-Story Property
  • Attic

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 3 Full Bathrooms
  • Bathtub
  • Shower Only

Basement

  • Partial Basement
  • Exterior Basement Entry

Home Security

  • Storm Windows
  • Storm Doors

Outdoor Features

  • Nearby Water Access
  • River Nearby
  • Porch

Location

  • Property is near golf course
  • City Lot

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Electric Water Heater
  • Private Sewer
  • Internet Available
  • Satellite Dish

Listing and Financial Details

  • Tax Lot 024
  • Assessor Parcel Number 3bridgestreetportermaine04068

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Recreation

  • Country Club

Building Details

  • Operating Expense $8,389
  • Gross Income $21,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,542

Year Built

Built in 1901

Lot Details

5,663 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.13
  • Road Surface Type: Paved
  • Water Body Name: Ossipee River
  • MLS Status: Closed
  • Directions: Take route 25 to Parsonsfield/Kezar Falls. Cross the bridge into Porter and the home is immediately on the right in-between the laundromat and hair salon.
  • Above Grade Finished Sq Ft: 1600.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Efficiency: Storm Windows, Storm Doors
  • Building Stories: 2
  • Year Built: 1901
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 86.88
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.13
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 1600.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • 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
  • Electric:Circuit Breakers: Yes
  • Water:Public3: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Shower: Yes
  • Gas:No Gas: Yes
  • Basement:Partial: Yes
  • Property Information:Number of Units: 3
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 21900.0
  • Income Expenses Operating Expenses: 8389.0
  • Style:Multi-Level: Yes
  • Exterior:Wood Siding: Yes
  • Amenities:Bathtub: Yes
  • Sewer:Private Sewer: Yes
  • Amenities:Attic: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Recreational Water:RiverBrookStream: Yes
  • Driveway:Gravel: Yes
  • Equipment:Internet Access Available: Yes
  • Equipment:Satellite Dish: Yes
  • View:Scenic: Yes
  • Location:Near Country Club: Yes
  • Foundation Materials:Granite2: Yes
  • Basement Entry:Exterior Only: Yes
  • Energy Efficiency:Storm Doors: Yes
  • Energy Efficiency:Storm Windows: Yes
  • Building Info:_pound_ Floors3: 2
  • Advertising Remarks:Advertising Remarks: Attention inventors! Take advantage of this great opportunity to own a three unit multi-family home in the historical Kezar Falls Village in Porter. This home is located in a charming tight knit community one building over from the Ossipee River. The home includes a studio and one bedroom unit on the first floor, and a two bedroom unit on the second floor that has river views. Each apartment has a spacious enclosed porch and ample parking. The property has a large backyard with enough space for gardening and activities such as BBQing. This area offers a unique country lifestyle with plenty of recreational activities and events to partake in throughout the year. It has abundant natural resources being surrounded by woods, rivers, lakes and mountains. Outdoor activities include hiking, hunting, fishing and skiing the White Mountains just to name a few. You may even spot a bald eagle flying overhead! When the season warms up enjoy water sports, golfing, music and art festivals, and the renowned Ossipee Valley Fair. Kezar Falls is a walkable village with a beautiful church in the center of town with a charming historical society house. A multi-family family home in this area is a rare find, don't miss out on your chance to own an investment property with great potential income growth!
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Partial, Exterior Only
  • Full Bathrooms: 3
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: 1st Floor Bedroom, Attic, Bathtub, Shower
  • Stories: 2

Exterior Features

  • Lot Features: Level, Sidewalks, Intown, Near Golf Course, Near Shopping, Neighborhood
  • View: Scenic
  • Waterfront Features: River
  • Waterfront: No
  • Construction Type: Wood Siding, Vinyl Siding, Wood Frame
  • Foundation Details: Granite
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: RSU 55/MSAD 55

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5662.8
  • Parcel #: 3bridgestreetportermaine04068
  • Zoning: Shorland Limited Res

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 21900.0
  • Annual Operating Expense: 8389.0

Tax Info

  • Tax Annual Amount: 1541.75
  • Tax Lot: 024
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2021
Closed on
Jun 28, 2021
Sold by
Rice Richard M and Rice Kathy L
Bought by
Odonnell John T
Seller's Agent
Melissa Rioux
EXP Realty
Buyer's Agent
NON-MREIS AGENT
Non MREIS Agency
List Price
$159,900
Sold Price
$135,000
Premium/Discount to List
-$24,900
-15.57%
Current Estimated Value
$305,110

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,110
Avg. Annual Appreciation
19.03%
Original Mortgage
$101,250
Outstanding Balance
$91,469
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$213,641
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Odonnell John T -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Odonnell John T $101,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2021 06/28/21 Sold $135,000 -15.6% $84 / Sq Ft
05/15/2021 05/15/21 Pending -- -- --
02/03/2021 02/03/21 For Sale $159,900 -- $100 / 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 $2,739 $282,400 $40,800 $241,600
2024 $2,876 $241,677 $51,698 $189,979
2023 $1,664 $94,700 $17,900 $76,800
2022 $1,572 $94,702 $17,936 $76,766
2021 $1,572 $94,702 $17,936 $76,766
2020 $1,542 $94,702 $17,936 $76,766
2019 $1,596 $94,702 $17,936 $76,766
2018 $1,596 $94,702 $17,936 $76,766
2017 $1,572 $94,702 $17,936 $76,766
2016 $1,971 $94,702 $17,936 $76,766
2014 $1,427 $105,710 $33,910 $71,800
2013 $1,427 $105,710 $33,910 $71,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1481220

Maine Listings

APN: PORR-000001U-000000-000024

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