$720,000
SOLD DEC 31, 2024

3 Ossipee Trail W Standish, ME 04084

-- Bed
5 Baths
5,230 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$138 Per Sq Ft

4% Below List Price

58 Days on Market

Highlights

  • Nearby Water Access
  • New Englander Architecture
  • No HOA
  • Public Beach
  • Main Floor Bedroom
  • Forced Air Zoned Heating System

About This Home

As of December 2024

Location!!! This building is completing full with great tenants. The Genereal Store, a Standish Icon in one of the store fronts and a new and upcoming business in the fully redone second store front. Two units upstairs with their own laundry. Ground level apartment. Building has been updated throughout the years and brings in money each month. This is a RARE find!

Last Agent to Sell the Property

Janice Pompeo John Lesser

The Maine Real Estate Group Listed on: 08/14/2024

Last Buyer's Agent

Dean Richardson

The Maine Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,640

Year Built

  • Built in 1920

Lot Details

  • 8,712 Sq Ft Lot
  • Public Beach
  • Level Lot

Home Design

  • New Englander Architecture
  • Farmhouse Style Home
  • Stone Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Wood Siding
  • Aluminum Siding

Interior Spaces

  • 5,230 Sq Ft Home
  • Multi-Level Property
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom

Unfinished Basement

  • Interior Basement Entry
  • Dirt Floor

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking

Outdoor Features

  • Nearby Water Access

Location

  • Property is near a golf course
  • City Lot

Utilities

  • No Cooling
  • Forced Air Zoned Heating System
  • Heating System Uses Oil
  • Heating System Mounted To A Wall or Window
  • Oil Water Heater
  • Private Sewer

Listing and Financial Details

  • Tax Lot 017
  • Assessor Parcel Number STAN-000036-000000-000017

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Pet Policy

  • No Pets Allowed

Building Details

  • Operating Expense $14,064
  • Gross Income $84,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,640

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Intersection of Rt 35 and Rt 25
  • Above Grade Finished Sq Ft: 5230.0
  • Architectural Style: Farmhouse, Multi-Level, New Englander
  • Garage Yn: No
  • Year Built: 1920
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 143.4
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.2
  • Property Information:Total Baths: 5.0
  • Property Information:SqFt Finished Above Grade: 5230.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Driveway:Common2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Basement:Unfinished: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 5
  • Foundation Materials:Stone: Yes
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 84600.0
  • Income Expenses Operating Expenses: 14064.0
  • Style:Multi-Level: Yes
  • Location:Near Public Beach: Yes
  • Exterior:Wood Siding: Yes
  • Sewer:Private Sewer: Yes
  • Basement:Dirt Floor: Yes
  • Roof:Pitched: Yes
  • Recreational Water:Nearby: Yes
  • Water Heater:Oil2: Yes
  • Heat System:Direct Vent Heater: Yes
  • Exterior:Aluminum Siding: Yes
  • Foundation Materials:Granite2: Yes
  • Style:New Englander: Yes
  • Restrictions:No Dogs Allowed: Yes
  • Restrictions:No Cats Allowed: Yes
  • Advertising Remarks:Advertising Remarks: Location!!! This building is completing full with great tenants. The Genereal Store, a Standish Icon in one of the store fronts and a new and upcoming business in the fully redone second store front. Two units upstairs with their own laundry. Ground level apartment. Building has been updated throughout the years and brings in money each month. This is a RARE find!
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Accessibility Features: Other Accessibilities
  • Has Basement: Dirt Floor, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Flooring: Vinyl, Laminate, Carpet
  • Interior Amenities: 1st Floor Bedroom, Other

Exterior Features

  • Lot Features: Level, Sidewalks, Intown, Near Golf Course, Near Public Beach, Near Shopping
  • Waterfront: No
  • Construction Type: Wood Siding, Aluminum Siding, Wood Frame
  • Foundation Details: Stone, Granite
  • Roof: Pitched, Shingle

Garage/Parking

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

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Forced Air, Direct Vent Heater
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Cats Allowed, No Dogs Allowed, Other Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8712.0
  • Parcel #: STAN-000036-000000-000017
  • Zoning: commercial residenti

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 84600.0
  • Annual Operating Expense: 14064.0

Tax Info

  • Tax Annual Amount: 4640.0
  • Tax Lot: 017
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2024
Closed on
Dec 31, 2024
Sold by
Big Real Estate Llc
Bought by
Ddp Holdings Llc
Seller's Agent
Janice Pompeo John Lesser
The Maine Real Estate Group
Buyer's Agent
Dean Richardson
The Maine Real Estate Group
List Price
$750,000
Sold Price
$720,000
Premium/Discount to List
-$30,000
-4%
Views
31
Current Estimated Value
$769,918

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,918
Avg. Annual Appreciation
7.47%
Original Mortgage
$576,000
Outstanding Balance
$571,001
Interest Rate
6.84%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$198,917

Purchase Details

Closed on
Dec 21, 2020
Sold by
Newcomb Stephen W
Bought by
Big Real Estate Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
2.7%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Warranty Deed $720,000 None Available
Warranty Deed $720,000 None Available
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $576,000 Purchase Money Mortgage
Closed $576,000 Purchase Money Mortgage
Previous Owner $300,000 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2024 12/31/24 Sold $720,000 -4.0% $138 / Sq Ft
10/11/2024 10/11/24 Pending -- -- --
08/14/2024 08/14/24 For Sale $750,000 -- $143 / 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 $5,078 $403,000 $87,600 $315,400
2023 $4,640 $335,000 $73,200 $261,800
2022 $4,719 $326,600 $64,800 $261,800
2021 $4,772 $318,100 $56,300 $261,800
2019 $4,549 $318,100 $56,300 $261,800
2018 $4,422 $318,100 $56,300 $261,800
2017 $4,215 $318,100 $56,300 $261,800
2016 $4,078 $318,100 $56,300 $261,800
2015 $4,068 $318,100 $56,300 $261,800
2013 $3,843 $318,100 $56,300 $261,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1600363

Maine Listings

APN: STAN-000036-000000-000017