NOT LISTED FOR SALE

3 Myrtle Ave Bar Harbor, ME 04609

Estimated Value: $732,000 - $904,000

6 Beds
2 Baths
2,448 Sq Ft
$328/Sq Ft Est. Value

Last Sold March 01, 2024

Last sale price $750,000 $306 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $4,657/month

100 Days on Market

Highlights

  • Nearby Water Access
  • Wood Flooring
  • No HOA
  • Conners-Emerson School Rated A
  • Attic
  • Double Pane Windows

About This Home

As of March 2024

Duplex in downtown Bar Harbor with two 3 bed / 1 bath units, hardwood floors and bright, spacious living areas. Double-paned windows in the bedrooms and bathrooms invite natural light upstairs, and third floor attics and full basements accommodate extra storage needs. On-street parking is available with a free resident permit from the Town Office. If claiming one unit as a primary residence, a Buyer is also free to pursue obtaining a short-term Vacation Rental permit for the other unit, which could yield long-term income, or if financing, could help offset the cost of your monthly mortgage payment. As could utilizing this as two long-term rentals!

Last Agent to Sell the Property

Peter Collier

Lynam Real Estate Agency Listed on: 07/18/2023

Last Buyer's Agent

Erica Brooks

The Swan Agency Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,715

Year Built

  • Built in 1912

Lot Details

  • 2,614 Sq Ft Lot
  • Level Lot

Home Design

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

Interior Spaces

  • 2,448 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Washer and Dryer Hookup
  • Attic

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 2 Full Bathrooms
  • Bathtub

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Parking

  • No Driveway
  • On-Street Parking

Utilities

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

Additional Features

  • Nearby Water Access
  • City Lot

Listing and Financial Details

  • Tax Lot 176
  • Assessor Parcel Number BARH-000104-000000-000176

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $16,378
  • Gross Income $50,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,715

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.06
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From Eden Street/Rt 3, turn onto Myrtle Avenue, duplex is second to last house on the left.
  • Above Grade Finished Sq Ft: 2448.0
  • Architectural Style: Duplex
  • Garage Yn: No
  • Efficiency: Double Pane Windows
  • Building Stories: 2
  • Year Built: 1912
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.06
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2448.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: 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:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Storage: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 50000.0
  • Income Expenses Operating Expenses: 16378.0
  • Amenities:Bathtub: Yes
  • Style:Duplex: Yes
  • Amenities:Attic: Yes
  • Recreational Water:Nearby: Yes
  • Driveway:No Driveway: Yes
  • Energy Efficiency:Double Pane Windows: Yes
  • Parking:On Street: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Walk-Out Access, Full, Exterior Entry, Bulkhead, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Flooring: Wood, Laminate
  • Interior Amenities: Attic, Bathtub, Storage
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Intown
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Driveway, On Street

Utilities

  • Laundry Features: Washer Hookup
  • 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: 2613.6
  • Parcel #: BARH-000104-000000-000176
  • Zoning: Downtown Residential

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 50000.0
  • Annual Operating Expense: 16378.0

Tax Info

  • Tax Annual Amount: 3715.0
  • Tax Book Number: 7228
  • Tax Lot: 176
  • Tax Map Number: 104
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2023
Closed on
Mar 1, 2024
Sold by
Elizabeth L Adler Ft and Walsh
Bought by
Ropp Andrew E
Seller's Agent
Peter Collier
Lynam Real Estate Agency
Buyer's Agent
Erica Brooks
The Swan Agency Sotheby's International Realty
List Price
$775,000
Sold Price
$750,000
Premium/Discount to List
-$25,000
-3.23%
Views
4
Current Estimated Value
$803,273

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,273
Avg. Annual Appreciation
3.80%
Original Mortgage
$562,500
Outstanding Balance
$555,799
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$231,464

Purchase Details

Closed on
Oct 4, 2012
Sold by
Adler Gary P and Adler Elizabeth L
Bought by
Gary P Adler Lt
Source: Public Records

Range of Values:

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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
Ropp Andrew E -- None Available
Gary P Adler Lt -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ropp Andrew E $562,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2024 03/01/24 Sold $750,000 -3.2% $306 / Sq Ft
10/26/2023 10/26/23 Pending -- -- --
07/18/2023 07/18/23 For Sale $775,000 -- $317 / 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 $4,730 $471,100 $314,600 $156,500
2023 $4,089 $471,100 $314,600 $156,500
2022 $3,715 $398,600 $266,200 $132,400
2021 $3,530 $362,400 $242,000 $120,400
2020 $2,454 $206,200 $85,400 $120,800
2019 $2,420 $204,200 $84,600 $119,600
2018 $2,361 $204,200 $84,600 $119,600
2017 $2,238 $204,200 $84,600 $119,600
2016 $2,191 $204,200 $84,600 $119,600
2015 $2,162 $204,200 $84,600 $119,600
2014 $2,087 $204,200 $84,600 $119,600
2012 $2,009 $204,200 $84,600 $119,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1564517

Maine Listings

APN: BARH-000104-000000-000176