NOT LISTED FOR SALE

31 Forest Ave Orono, ME 04473

Estimated Value: $248,000 - $377,000

2 Beds
2 Baths
2,408 Sq Ft
$127/Sq Ft Est. Value

Last Sold April 06, 2016

Last sale price $68,000 $28 Per Sq Ft

Est. 364% increase in value since last sale

Current estimated payment $2,032/month

38 Days on Market

Highlights

  • Country Club
  • Wood Flooring
  • No HOA
  • Orono Middle School Rated A
  • Main Floor Bedroom
  • Forced Air Heating System

About This Home

As of April 2016

This 2 unit property is conveniently located in the heart of Orono. Short walk to all the shops and restaurants, and close to the University of Maine and the Orono public schools. A one bedroom unit on the 1st floor and a 2 bedroom unit on the 2nd floor. Priced to sell !

Last Agent to Sell the Property

Chad Bradbury

ERA Dawson-Bradford Co. Listed on: 01/12/2016

ERA Dawson-Bradford Co.

Last Buyer's Agent

NON-MREIS AGENT

Non MREIS Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 5,663 Sq Ft Lot
  • Level Lot
  • Open Lot

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Metal Roof
  • Clap Board Siding
  • Clapboard

Interior Spaces

  • 2,408 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 2 Full Bathrooms

Unfinished Basement

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

Parking

  • Common or Shared Parking
  • Gravel Driveway
  • Shared Driveway

Location

  • Property is near a golf course
  • City Lot

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Heating System Mounted To A Wall or Window
  • Oil Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 028
  • Assessor Parcel Number 31forestavenueoronomaine04473

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Country Club

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.13
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: North on Main Street in Orono. Turn left at the 2nd light in the center of town onto Bennoch Road, and a quick left onto Forest Avenue. Property is on the left.
  • Above Grade Finished Sq Ft: 2408.0
  • Architectural Style: Multi-Level
  • Building Stories: 3
  • Year Built: 1890
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.13
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2408.0
  • 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:Forced Air: Yes
  • Heat Fuel:Oil: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Driveway:Common2: Yes
  • Basement:Unfinished: Yes
  • Roof:Metal: Yes
  • Property Information:Number of Units: 2
  • Exterior:Clapboard: Yes
  • Building Info:_pound_ Stories2: 3
  • Style:Multi-Level: Yes
  • Gas:Natural - At Street: Yes
  • Driveway:Gravel: Yes
  • Water Heater:Oil2: Yes
  • Equipment:Cable: Yes
  • Location:Near Country Club: Yes
  • Heat System:Direct Vent Heater: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Flooring: Wood, Carpet
  • Interior Amenities: 1st Floor Bedroom
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Intown, Near Golf Course
  • Waterfront: No
  • Construction Type: Clapboard, Wood Frame
  • Roof: Metal, Shingle

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Direct Vent Heater, Hot Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5662.8
  • Parcel #: 31forestavenueoronomaine04473
  • Zoning: MDR

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2391.0
  • Tax Book Number: 13648
  • Tax Lot: 028
  • Tax Map Number: 0274
  • Tax Year: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2016
Closed on
Apr 8, 2016
Sold by
Umaine Properties L L C
Bought by
Tanadon Llc
Seller's Agent
Chad Bradbury
ERA Dawson-Bradford Co.
Buyer's Agent
NON-MREIS AGENT
Non MREIS Agency
List Price
$75,000
Sold Price
$68,000
Premium/Discount to List
-$7,000
-9.33%
Current Estimated Value
$315,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$247,647
Avg. Annual Appreciation
17.36%
Original Mortgage
$68,000
Interest Rate
3.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jul 28, 2014
Closed on
Sep 19, 2014
Sold by
Ross Ann
Bought by
Umaine Properties Llc
Seller's Agent
Chad Bradbury
Bean Group
Buyer's Agent
Chad Bradbury
Bean Group
List Price
$98,000
Sold Price
$80,000
Premium/Discount to List
-$18,000
-18.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-9.95%
Original Mortgage
$50,000
Interest Rate
4.14%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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
Tanadon Llc -- --
Umaine Properties Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Tanadon Llc $169,000
Closed Tanadon Llc $68,000
Closed Umaine Properties Llc $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/06/2016 04/06/16 Sold $68,000 -9.3% $28 / Sq Ft
02/20/2016 02/20/16 Pending -- -- --
01/12/2016 01/12/16 For Sale $75,000 -6.3% $31 / Sq Ft
09/18/2014 09/18/14 Sold $80,000 -18.4% $33 / Sq Ft
08/29/2014 08/29/14 Pending -- -- --
07/28/2014 07/28/14 For Sale $98,000 -- $41 / 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 $3,751 $175,700 $28,400 $147,300
2023 $3,737 $159,700 $25,800 $133,900
2022 $3,801 $159,700 $25,800 $133,900
2021 $3,793 $159,700 $25,800 $133,900
2020 $2,753 $98,000 $34,100 $63,900
2019 $2,592 $98,000 $34,100 $63,900
2018 $2,646 $98,000 $34,100 $63,900
2017 $2,548 $98,000 $34,100 $63,900
2016 $2,435 $98,000 $34,100 $63,900
2015 $2,391 $98,000 $34,100 $63,900
2014 $2,337 $98,000 $34,100 $63,900
2013 $2,274 $98,000 $34,100 $63,900
Source: Public Records

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Map

Source: Maine Listings

MLS Number: 1248215

Maine Listings

APN: ORON-027002-000000-000028