Kyle Mcgeechan
Responds Quickly
Two Rivers Realty, LLC
(888) 405-2452
118 Total Sales
1 in Orono
$625,000 Price
3 School St Orono, ME 04473
Orono AreaEstimated Value: $180,000 - $213,000
3
Beds
1
Bath
1,424
Sq Ft
$137/Sq Ft
Est. Value
Highlights
- Deck
- Sun or Florida Room
- Enclosed Glass Porch
- Orono Middle School Rated A-
- No HOA
- Living Room
About This Home
As of January 2024This single-family home has a rich history of serving as a successful rental property for the past decade and offers a unique opportunity for savvy investors to expand their portfolio or for those seeking a delightful home minutes away from the University of Maine Orono campus. With a solid rental history and reliable tenants in place, this property has consistently generated income over the past 10 years. The current lease agreement extends until summer 2024, providing an immediate revenue stream for the new owner. Whether you're an investor looking to add a reliable income-generating property to your portfolio or a homeowner searching for a new residence, this property caters to both needs. The lease agreement is flexible, allowing for termination upon sale, providing you with the option to make this home your own. Situated just minutes from the University of Maine Orono campus, this property is an ideal choice for anyone looking to enjoy the vibrant university atmosphere. Additionally, it's within walking distance to ''downtown'' Orono, offering convenience to local restaurants and night life. Quick access to i95 ensures easy commuting to neighboring areas. Beyond its current use as a rental property, the potential for future appreciation and continued rental income could make this residence a smart investment choice in the Orono real estate market.
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Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,264
Year Built
- Built in 1900
Lot Details
- 3,920 Sq Ft Lot
- Property fronts a freeway
- Level Lot
Parking
- Gravel Driveway
Home Design
- Concrete Foundation
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 1,424 Sq Ft Home
- Multi-Level Property
- Living Room
- Sun or Florida Room
- Electric Range
Flooring
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Outdoor Features
- Deck
- Enclosed Glass Porch
Location
- Property is near golf course
- City Lot
Utilities
- No Cooling
- Heating System Uses Oil
- Baseboard Heating
- Hot Water Heating System
- Natural Gas Not Available
- Oil Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Legal Lot and Block 013 / 001
- Assessor Parcel Number ORON-028001-000000-000013
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 15, 2023
Closed on
Jan 2, 2024
Sold by
Tyrrell Shawn and Tyrrell Jessica
Bought by
Seller's Agent
Michael Conners
EXP Realty
Buyer's Agent
Jody Hammond
EXP Realty
List Price
$160,000
Sold Price
$140,000
Premium/Discount to List
-$20,000
-12.5%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,283
Avg. Annual Appreciation
13.22%
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Orono, ME
-
Kyle Mcgeechan
-
Dolly Perkins
Dolly Perkins
Realty of Maine
(207) 600-2814
406 Total Sales
2 in Orono
$198K - $450K Price Range
-
Xiaorong Horton
Xiaorong Horton
Responds QuicklyRealty of Maine
(207) 489-6104
132 Total Sales
8 in Orono
$279K - $578K Price Range
-
Mariya Doncheva
Mariya Doncheva
Realty of Maine
(207) 300-6105
182 Total Sales
10 in Orono
$12K - $449K Price Range
-
Marjorie Turner
Marjorie Turner
True North Realty, Inc.
(207) 945-7675
131 Total Sales
3 in Orono
$245K - $284K Price Range
-
Evelyn Conrad
Evelyn Conrad
Realty of Maine
(207) 275-6965
159 Total Sales
4 in Orono
$376K - $610K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $140,000 | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $100,000 | ||
| Previous Owner | Tyrrell Shawn | $27,250 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/02/2024 01/02/24 | Sold | $140,000 | -12.5% | $98 / Sq Ft |
| 12/18/2023 12/18/23 | Pending | -- | -- | -- |
| 12/15/2023 12/15/23 | For Sale | $160,000 | -- | $112 / Sq Ft |
Source: Maine Listings
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $3,331 | $167,400 | $30,000 | $137,400 |
| 2024 | $3,277 | $153,500 | $27,500 | $126,000 |
| 2023 | $3,264 | $139,500 | $25,000 | $114,500 |
| 2022 | $3,320 | $139,500 | $25,000 | $114,500 |
| 2021 | $3,313 | $139,500 | $25,000 | $114,500 |
| 2020 | $2,376 | $84,600 | $21,500 | $63,100 |
| 2019 | $2,238 | $84,600 | $21,500 | $63,100 |
| 2018 | $2,284 | $84,600 | $21,500 | $63,100 |
| 2017 | $2,200 | $84,600 | $21,500 | $63,100 |
| 2016 | $2,102 | $84,600 | $21,500 | $63,100 |
| 2015 | $2,064 | $84,600 | $21,500 | $63,100 |
| 2014 | $2,018 | $84,600 | $21,500 | $63,100 |
| 2013 | $1,963 | $84,600 | $21,500 | $63,100 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Conners
MC
Seller's Agent in 2024
Michael Conners
EXP Realty
(207) 356-2238
20 Total Sales
-
Jody Hammond
Buyer's Agent in 2024
Jody Hammond
EXP Realty
(207) 735-8112
289 Total Sales
Map
Source: Maine Listings
MLS Number: 1579221
APN: ORON-028001-000000-000013
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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