NOT LISTED FOR SALE

Estimated Value: $416,722 - $632,000

4 Beds
2 Baths
2,239 Sq Ft
$242/Sq Ft Est. Value

Last Sold September 01, 2022

Last sale price $500,000 $223 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,295/month

2 Days on Market

Highlights

  • Public Beach
  • Cape Cod Architecture
  • No HOA
  • View of Trees or Woods
  • Main Floor Bedroom
  • Walk-In Closet

About This Home

As of September 2022

A rare find...Fantastic two-unit duplex in Arundel just 2 miles to Kennebunkport! This home is a good investment property or can be an owner occupied with rental income option. Two Cape style units each with 2 bedrooms, living room with vaulted ceiling, kitchen, bath, and laundry. One unit also has a pleasant 3 season room off the back. A wonderful opportunity in convenient location!

Last Listed By

Gayle Clancy

Andrews Milligan Real Estate Listed on: 07/07/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,419

Year Built

  • Built in 1995

Lot Details

  • 1.81 Acre Lot
  • Public Beach
  • Level Lot
  • Open Lot

Home Design

  • Cape Cod Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,239 Sq Ft Home
  • Views of Woods

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Basement

  • Exterior Basement Entry
  • Crawl Space

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Shed
  • Enclosed Glass Porch

Location

  • Property is near a golf course

Utilities

  • Air Conditioning
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Private Water Source
  • Well
  • Septic System
  • Septic Design Available
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 040A
  • Assessor Parcel Number ARUN-000039-000000-000040A

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $7,675
  • Gross Income $12,750

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,419

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 1.81
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Route One to Log Cabin Road, house will be on the right.
  • Above Grade Finished Sq Ft: 2239.0
  • Architectural Style: Cape
  • Garage Yn: No
  • Year Built: 1995
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 1.81
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2239.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: 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:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Style:Cape: Yes
  • Electric:Circuit Breakers: Yes
  • Driveway:Paved2: Yes
  • Exterior:Vinyl Siding: Yes
  • Amenities:Laundry - Hookup: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Amenities:Walk-in Closets: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Income Expenses Gross Income: 12750.0
  • Income Expenses Operating Expenses: 7675.0
  • Location:Near Public Beach: Yes
  • Basement:Crawl Space: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Property Information:Short Sale Continue to Show: No
  • Water:Private2: Yes
  • View:TreesWoods: Yes
  • Property Information:Deed Restrictions: Unknown
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Property Information:Bank Owned REO: No
  • Sewer:Septic Design Available: Yes
  • Equipment:Cable: Yes
  • Basement Entry:Exterior Only: Yes
  • Cooling:AC Units: Yes
  • Other Structures:Shed: Yes
  • Patio and Porch Features:Glassed-in Porch: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Crawl Space, Exterior Only
  • Full Bathrooms: 2
  • Flooring: Vinyl, Carpet
  • Interior Amenities: 1st Floor Bedroom, Walk-In Closet(s)

Exterior Features

  • Lot Features: Level, Open Lot, Near Golf Course, Near Public Beach, Near Turnpike/Interstate, Near Town
  • View: Trees/Woods
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Other Structures: Shed(s)
  • Patio And Porch Features: Glass Enclosed
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level, Washer Hookup
  • Cooling: A/C Units
  • Cooling Y N: Yes
  • Heating: Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Septic Design Available, Septic Existing on Site
  • Utilities: Utilities On, Pole
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 78843.6
  • Parcel #: ARUN-000039-000000-000040A
  • Zoning: TCD

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 12750.0
  • Annual Operating Expense: 7675.0

Tax Info

  • Tax Annual Amount: 3419.0
  • Tax Book Number: 4805
  • Tax Lot: 040A
  • Tax Map Number: 039
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2022
Closed on
Sep 1, 2022
Sold by
Carmichael Joyce E
Bought by
Jjwz Llc
Seller's Agent
Gayle Clancy
Andrews Milligan Real Estate
Buyer's Agent
Gayle Clancy
Andrews Milligan Real Estate
List Price
$425
Sold Price
$500,000
Premium/Discount to List
$499,575
117547.06%
Total Days on Market
2
Current Estimated Value
$542,181

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,181
Avg. Annual Appreciation
8.13%
Original Mortgage
$400,000
Outstanding Balance
$387,535
Interest Rate
5.54%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$229,043

Range of Values:

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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
Jjwz Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jjwz Llc $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2022 09/01/22 Sold $500,000 +117547.1% $223 / Sq Ft
07/10/2022 07/10/22 Pending -- -- --
07/07/2022 07/07/22 For Sale $425 -- $0 / 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 $3,463 $203,700 $46,500 $157,200
2023 $3,463 $203,700 $46,500 $157,200
2022 $3,419 $202,300 $46,500 $155,800
2021 $3,419 $202,300 $46,500 $155,800
2020 $3,016 $202,300 $46,500 $155,800
2019 $3,297 $202,300 $46,500 $155,800
2018 $3,221 $202,300 $46,500 $155,800
2017 $3,136 $202,300 $46,500 $155,800
2016 $3,059 $202,300 $46,500 $155,800
2015 $3,024 $202,300 $46,500 $155,800
2014 $2,933 $202,300 $46,500 $155,800
2013 $2,933 $202,300 $46,500 $155,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1535479

Maine Listings

APN: ARUN-000039-000000-000040A