NOT LISTED FOR SALE

3 Gerald St Bath, ME 04530

Estimated Value: $400,000 - $521,000

6 Beds
3 Baths
3,696 Sq Ft
$120/Sq Ft Est. Value

Last Sold June 07, 2023

Last sale price $355,080 $96 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $2,778/month

16 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Heating System Uses Gas
  • Wood Flooring
  • Level Lot

About This Home

As of June 2023

Welcome to 3 Gerald Street , a 3 unit building offering an exceptional investment opportunity with 3 fully rented units, walking distance to all things Bath and many recent upgrades, including an extensive renovation of largest unit over past year. Come see this one today! Tenant occupied, 24 hour notice required for showings.

Last Agent to Sell the Property

Michael Princiotta

Keller Williams Realty Listed on: 03/29/2023

Keller Williams Realty

Co-Listed By

Tracy McDonough

Keller Williams Realty

Last Buyer's Agent

Kimberly Tarbox

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,729

Year Built

  • Built in 1920

Lot Details

  • 4,356 Sq Ft Lot
  • Street terminates at a dead end
  • Level Lot

Parking

  • Gravel Driveway

Home Design

  • Concrete Foundation
  • Block Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3 Full Bathrooms
  • 3,696 Sq Ft Home
  • Multi-Level Property

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Unfinished Basement

  • Exterior Basement Entry
  • Crawl Space

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heat Pump System
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater
  • Internet Available

Listing and Financial Details

  • Tax Lot 130
  • Assessor Parcel Number BTTH-000025-000000-000130

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $9,387
  • Gross Income $40,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,729

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1
  • Road Surface Type: Paved
  • Co List Office Phone: 207-879-9800
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 3696.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1920
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 102.54
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.1
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3696.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 3
  • Income Expenses Gross Income: 40800.0
  • Income Expenses Operating Expenses: 9387.0
  • Style:Multi-Level: Yes
  • Foundation Materials:Block3: Yes
  • Basement:Crawl Space: Yes
  • Roads:Dead End: Yes
  • Driveway:Gravel: Yes
  • Equipment:Internet Access Available: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Heat System:Direct Vent Heater: Yes
  • Location:Near Railroad: Yes
  • Basement Entry:Exterior Only: Yes
  • Advertising Remarks:Advertising Remarks: Welcome to 3 Gerald Street , a 3 unit building offering an exceptional investment opportunity with 3 fully rented units, walking distance to all things Bath and many recent upgrades, including an extensive renovation of largest unit over past year. Come see this one today! Showings require 24 hour notice, tenant occupied.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Crawl Space, Exterior Only, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl, Laminate, Carpet

Exterior Features

  • Lot Features: Level, Sidewalks, Intown, Near Shopping, Near Turnpike/Interstate, Neighborhood, Near Railroad
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Block, Concrete Perimeter
  • Roof: Shingle

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Heat Pump, Direct Vent Heater
  • 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: 4356.0
  • Parcel #: BTTH-000025-000000-000130
  • Zoning: R1

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 40800.0
  • Annual Operating Expense: 9387.0

Tax Info

  • Tax Annual Amount: 3729.0
  • Tax Lot: 130
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2020
Closed on
Sep 15, 2020
Sold by
Silvia Louis J
Bought by
Milcu Holdings Llc
Seller's Agent
Michael Baribeau
Century 21 North East
Buyer's Agent
Madeleine Hill
Coldwell Banker Realty
List Price
$184,900
Sold Price
$150,000
Premium/Discount to List
-$34,900
-18.88%
Current Estimated Value
$445,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$295,000
Avg. Annual Appreciation
22.87%
Original Mortgage
$113,000
Outstanding Balance
$99,863
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$345,137
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Milcu Holdings Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Milcu Holdings Llc $113,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/07/2023 06/07/23 Sold $355,080 -6.3% $96 / Sq Ft
04/14/2023 04/14/23 Pending -- -- --
03/29/2023 03/29/23 For Sale $379,000 +22.3% $103 / Sq Ft
06/10/2022 06/10/22 Sold $310,000 -8.8% $84 / Sq Ft View Prior Sale
04/09/2022 04/09/22 Pending -- -- --
04/01/2022 04/01/22 For Sale $340,000 +126.7% $92 / Sq Ft
09/16/2020 09/16/20 Sold $150,000 -18.9% $41 / Sq Ft View Prior Sale
08/07/2020 08/07/20 Pending -- -- --
06/29/2020 06/29/20 For Sale $184,900 -- $50 / 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
2025 $5,355 $332,600 $48,700 $283,900
2024 $5,146 $311,900 $48,200 $263,700
2023 $4,098 $242,500 $39,200 $203,300
2022 $3,729 $182,800 $30,800 $152,000
2021 $3,638 $179,200 $30,800 $148,400
2020 $3,584 $179,200 $30,800 $148,400
2019 $3,548 $179,200 $30,800 $148,400
2018 $4,299 $197,200 $20,900 $176,300
2017 $4,210 $197,200 $20,900 $176,300
2016 $4,161 $197,200 $20,900 $176,300
2015 $4,492 $217,000 $20,900 $196,100
2014 $4,383 $217,000 $20,900 $196,100
2013 $4,262 $217,000 $20,900 $196,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1554821

Maine Listings

APN: BTTH-000025-000000-000130