NOT LISTED FOR SALE

30 & 32 Weston Ave Madison, ME 04950

Estimated Value: $189,100 - $260,000

Studio
2 Baths
2,334 Sq Ft
$93/Sq Ft Est. Value

Last Sold July 11, 2022

Last sale price $175,000 $75 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $1,306/month

10 Days on Market

Highlights

  • Nearby Water Access
  • New Englander Architecture
  • Attic
  • Deck
  • Main Floor Bedroom
  • 1 Fireplace

About This Home

As of July 2022

Offer deadline of Friday, May 20, 2022 at 5:00PM. Seller will respond to all offers within 24 hours. Magnificently maintained duplex conveniently located close to the Madison downtown. Each unit boasts 3 bedrooms, 1 bathroom and large living quarters (2,334 sqft). This property has been owner-occupied and the pride of ownership shows; since purchase in 2006, each unit has updated flooring, paint, fixtures, and appliances throughout along with a completely new roof (down to the sheathing and includes transferrable warranty) done in 2018, along with various other updates. Owner-occupied living presents the opportunity to have a large portion of your living expenses paid for by the tenant's rent, or this could be a great investment property on its own with both units rented out; another option could be a full renovation back to single family. Natural gas conversion is a possibility at the street on Weston Avenue for fully tenant paid utilities. Madison is conveniently located close to some of the best fishing in Somerset County along with being under an hour to Sugarloaf Mountain, one of Maine's premier skiing locales. VIRTUAL 360 TOUR AVAILABLE ONLINE.

Last Agent to Sell the Property

Nicholas Corrow

Your Home Sold Guaranteed Realty Listed on: 05/11/2022

Last Buyer's Agent

Aaron Bolster

Allied Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,633

Year Built

  • Built in 1900

Lot Details

  • 6,970 Sq Ft Lot
  • Landscaped
  • Level Lot
  • Open Lot

Home Design

  • Duplex
  • New Englander Architecture
  • Brick Foundation
  • Concrete Foundation
  • Block Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,334 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Double Pane Windows
  • Storm Doors
  • Stove
  • Laundry on main level
  • Attic

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub
  • Shower Only

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Crawl Space

Parking

  • Gravel Driveway
  • Paved Parking
  • On-Site Parking
  • Off-Street Parking

Outdoor Features

  • Nearby Water Access
  • Deck
  • Shed
  • Enclosed Glass Porch

Location

  • City Lot

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Heat Pump System
  • Pellet Stove burns compressed wood to generate heat
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Hot Water Heating System
  • Generator Hookup
  • High-Efficiency Water Heater
  • Internet Available

Listing and Financial Details

  • Tax Lot 153
  • Assessor Parcel Number MADN-000019-000000-000153

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $3,891
  • Gross Income $9,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,633

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.16
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From the traffic light in the center of Madison, take Weston Ave. Home is on the left just after the Town Office/Police and fire station, on the corner of Weston and Garfield.
  • Above Grade Finished Sq Ft: 2334.0
  • Architectural Style: Duplex, New Englander
  • Garage Yn: No
  • Efficiency: Storm Doors, High Efficiency Water Heater, Double Pane Windows
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 74.98
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.16
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2334.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat System:Stove: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Storage: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Amenities:Walk-in Closets: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 9600.0
  • Income Expenses Operating Expenses: 3891.0
  • Parking:On Site2: Yes
  • Foundation Materials:Block3: Yes
  • Amenities:Bathtub: Yes
  • Basement:Crawl Space: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Building Info:_pound_ Fireplaces3: 1
  • Parking:Paved3: Yes
  • Style:Duplex: Yes
  • Gas:Natural - At Street: Yes
  • Amenities:Attic: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Driveway:Gravel: Yes
  • Equipment:Internet Access Available: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Energy Efficiency:Double Pane Windows: Yes
  • Heat System:Direct Vent Heater: Yes
  • Electric:Generator Hookup: Yes
  • Water Heater:Heat Pump2: Yes
  • Heat Fuel:Pellets: Yes
  • Style:New Englander: Yes
  • Energy Efficiency:High Efficiency Water Heater: Yes
  • Energy Efficiency:Storm Doors: Yes
  • Building Info:_pound_ Floors3: 2
  • Other Structures:Shed: Yes
  • Patio and Porch Features:Glassed-in Porch: Yes
  • Advertising Remarks:Advertising Remarks: Offer deadline of Friday, May 20, 2022 at 5:00PM. Seller will respond to all offers within 24 hours. Magnificently maintained duplex conveniently located close to the Madison downtown. Each unit boasts 3 bedrooms, 1 bathroom and large living quarters (2,334 sqft). This property has been owner-occupied and the pride of ownership shows; since purchase in 2006, each unit has updated flooring, paint, fixtures, and appliances throughout along with a completely new roof (down to the sheathing and includes transferrable warranty) done in 2018, along with various other updates. Owner-occupied living presents the opportunity to have a large portion of your living expenses paid for by the tenant's rent, or this could be a great investment property on its own with both units rented out; another option could be a full renovation back to single family. Natural gas conversion is a possibility at the street on Weston Avenue for fully tenant paid utilities. Madison is conveniently located close to some of the best fishing in Somerset County along with being under an hour to Sugarloaf Mountain, one of Maine's premier skiing locales. VIRTUAL 360 TOUR AVAILABLE ONLINE.
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Crawl Space, Full, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Vinyl, Laminate, Carpet
  • Interior Amenities: 1st Floor Bedroom, Attic, Bathtub, Shower, Walk-In Closet(s), Storage
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Landscaped, Intown, Near Shopping
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Block, Stone, Concrete Perimeter, Brick/Mortar
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck, Glass Enclosed
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Gravel, Paved, On Site, Off Street

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Stove, Multi-Zones, Hot Water, Direct Vent Heater, Baseboard
  • Heating Yn: Yes
  • Electric: Generator Hookup, 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: 6969.6
  • Parcel #: MADN-000019-000000-000153
  • Zoning: Res Intown

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 9600.0
  • Annual Operating Expense: 3891.0

Tax Info

  • Tax Annual Amount: 1633.22
  • Tax Lot: 153
  • Tax Year: 2021

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2022
Closed on
Jul 11, 2022
Sold by
Matherson Richard E
Bought by
Michaud Rentals Llc
Seller's Agent
Nicholas Corrow
Your Home Sold Guaranteed Realty
Buyer's Agent
Aaron Bolster
Allied Realty
List Price
$175,000
Sold Price
$175,000
Current Estimated Value
$216,775

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,775
Avg. Annual Appreciation
6.33%
Original Mortgage
$140,000
Outstanding Balance
$132,805
Interest Rate
5.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$83,970

Purchase Details

Closed on
Jan 12, 2006
Sold by
Martin Kenneth G and Martin Debra L
Bought by
Matherson Richard E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,150
Interest Rate
6.28%
Mortgage Type
Purchase Money Mortgage
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 Buyer Sale Price Title Company
Michaud Rentals Llc $175,000 None Available
Matherson Richard E -- --
Matherson Richard E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Michaud Rentals Llc $140,000
Previous Owner Matherson Richard E $73,150
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/11/2022 07/11/22 Sold $175,000 0.0% $75 / Sq Ft
05/22/2022 05/22/22 Pending -- -- --
05/11/2022 05/11/22 For Sale $175,000 -- $75 / 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 $2,066 $128,300 $25,200 $103,100
2023 $1,854 $111,000 $21,300 $89,700
2022 $1,638 $88,100 $16,800 $71,300
2021 $1,633 $84,100 $16,000 $68,100
2020 $1,719 $80,900 $16,000 $64,900
2019 $1,702 $80,100 $15,900 $64,200
2018 $1,722 $80,100 $15,900 $64,200
2017 $1,722 $80,100 $15,900 $64,200
2016 $1,682 $80,100 $15,900 $64,200
2015 $1,562 $80,100 $15,900 $64,200
2014 $1,562 $80,100 $15,900 $64,200
2013 $1,404 $80,100 $15,900 $64,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1527887

Maine Listings

APN: MADN-000019-000000-000153