$175,000
SOLD FEB 14, 2025

317 Franklin St Rumford, ME 04276

-- Bed
3 Baths
3,398 Sq Ft
0.26 Acres

Recently Sold

$52 Per Sq Ft

10% Below List Price

Highlights

  • Wood Flooring
  • 2 Car Detached Garage
  • Zoned Heating
  • No HOA
  • Porch
  • Baseboard Heating

About This Home

As of February 2025

Three unit building available for individual sale or as part of a larger portfolio. This 3,300 square foot building includes a total of 6 bedrooms and 3 bathrooms. Additional features include laundry hookups, and a detached garage for additional storage. Conveniently located near the hospital, grocery store, and other amenities, this property presents a profitable investment opportunity.

Last Agent to Sell the Property

Michelle Gosselin

Home At Last Realty Listed on: 02/15/2025

Last Buyer's Agent

Amanda Vigue

Waypoint Brokers Collective

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,513

Year Built

  • Built in 1920

Lot Details

  • 0.26 Acre Lot
  • Level Lot
  • Open Lot

Parking

  • 2 Car Detached Garage
  • Common or Shared Parking
  • Shared Driveway
  • Off-Street Parking

Home Design

  • Stone Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3 Full Bathrooms
  • 3,398 Sq Ft Home
  • Multi-Level Property

Flooring

  • Wood
  • Carpet
  • Vinyl

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Propane
  • Baseboard Heating
  • Hot Water Heating System
  • Water Heated On Demand
  • Internet Available

Additional Features

  • Porch
  • City Lot

Listing and Financial Details

  • Tax Lot 139
  • Assessor Parcel Number RUMF-000116-000000-000139

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $16,785
  • Gross Income $32,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,513

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.26
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: GPS Friendly.
  • Above Grade Finished Sq Ft: 3398.0
  • Architectural Style: Other
  • Garage Yn: Yes
  • Unit Levels: Multi-Level
  • Year Built: 1920
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.26
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3398.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Water Heater:On Demand: Yes
  • Property Information:Garage Spaces: 2.0
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Vehicle Storage:Detached: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:Stone: Yes
  • Income Expenses Gross Income: 32100.0
  • Income Expenses Operating Expenses: 16785.0
  • Roof:Pitched: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Other Equipment: Internet Access Available
  • Has Basement: Walk-Out Access, Full
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Open, Level, Intown, Near Town, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Stone
  • Patio And Porch Features: Porch
  • Roof: Pitched, Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: 1 - 4 Spaces, Paved, Common, Detached, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Zoned, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On, Pole
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 11325.6
  • Parcel #: RUMF-000116-000000-000139
  • Zoning: Residential

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 32100.0
  • Annual Operating Expense: 16785.0

Tax Info

  • Tax Annual Amount: 2513.0
  • Tax Book Number: 5393
  • Tax Lot: 139
  • Tax Map Number: 116
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2025
Closed on
Feb 14, 2025
Sold by
Frisbie Erika and Frisbie Kevin D
Bought by
Stansbury Deborah A and Stansbury Jimmie A
Seller's Agent
Michelle Gosselin
Home At Last Realty
Buyer's Agent
Amanda Vigue
Waypoint Brokers Collective
List Price
$194,000
Sold Price
$175,000
Premium/Discount to List
-$19,000
-9.79%
Current Estimated Value
$186,727

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,727
Avg. Annual Appreciation
25.06%
Original Mortgage
$131,250
Outstanding Balance
$131,031
Interest Rate
6.93%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$55,696

Purchase Details

Closed on
Feb 16, 2018
Sold by
Lyon Ida Mary Est
Bought by
Frisbie Kevin D and Frisbie Erika
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 Type Sale Price Title Company
Warranty Deed $175,000 None Available
Warranty Deed $175,000 None Available
Personal Reps Deed -- --
Personal Reps Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $131,250 Purchase Money Mortgage
Closed $131,250 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2025 02/15/25 For Sale $194,000 +10.9% $57 / Sq Ft
02/14/2025 02/14/25 Sold $175,000 -- $52 / Sq Ft
01/19/2025 01/19/25 Pending -- -- --
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 $2,633 $158,400 $21,000 $137,400
2023 $2,513 $113,300 $15,000 $98,300
2022 $2,513 $113,300 $15,000 $98,300
2021 $2,544 $113,300 $15,000 $98,300
2020 $2,561 $113,300 $15,000 $98,300
2019 $2,248 $73,705 $5,500 $68,205
2018 $2,193 $73,705 $5,500 $68,205
2017 $2,126 $73,705 $5,500 $68,205
2016 $2,064 $73,705 $5,500 $68,205
2015 $2,023 $73,705 $5,500 $68,205
2014 $1,986 $73,705 $5,500 $68,205
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1614481

Maine Listings

APN: RUMF-000116-000000-000139