NOT LISTED FOR SALE

319 & 335 Southgate Rd Old Town, ME 04468

Estimated Value: $799,320 - $1,562,000

4 Beds
18 Baths
13,500 Sq Ft
$87/Sq Ft Est. Value

Last Sold October 07, 2022

Last sale price $1,000,000 $74 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $7,296/month

20 Days on Market

Highlights

  • 34 Acre Lot
  • Wooded Lot
  • Bathtub
  • Cape Cod Architecture
  • No HOA
  • Tile Flooring

About This Home

As of October 2022

This is a once in a lifetime investment opportunity with plenty of expansion potential. 5 duplexes, totaling 10 units have been very well maintained and constructed with low maintenance in mind. The 34 acres leaves plenty of room for more duplexes to be built and capitalize on all the income potential this property has to offer. The location is a quiet, country setting yet just 10 miles to UMaine. If you have been looking for that ultimate investment opportunity, don't let this one get away. Set up your showing today.

Last Agent to Sell the Property

Sarah Ryan

NextHome Experience Listed on: 06/01/2022

NextHome Experience

Last Buyer's Agent

Travis Pelletier

RE/MAX Advantage Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,508

Year Built

  • Built in 2003

Lot Details

  • 34 Acre Lot
  • Landscaped
  • Level Lot
  • Open Lot
  • Wooded Lot

Parking

  • Gravel Driveway

Home Design

  • 13,500 Sq Ft Home
  • Duplex
  • Cape Cod Architecture
  • Ranch Style House
  • Brick Exterior Construction
  • Slab Foundation
  • Wood Frame Construction
  • Metal Roof
  • Block Exterior
  • Masonry

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 18 Full Bathrooms
  • Bathtub

Laundry

  • Washer and Dryer Hookup

Basement

  • Partial Basement
  • Interior Basement Entry
  • Sump Pump
  • Crawl Space

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Baseboard Heating
  • Hot Water Heating System
  • Private Water Source
  • Well
  • Septic System
  • Septic Design Available
  • Private Sewer

Listing and Financial Details

  • Tax Lot 30 & 30A
  • Assessor Parcel Number 319and335SouthgateRDOldTown04468

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Building Details

  • Operating Expense $51,958
  • Gross Income $101,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,508

Year Built

Built in 2003

Lot Details

34 Acres

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 34.0
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: I-95 to Route 43. Left onto Route 16. Right onto Route 116. Approximately 5 miles down on the right.
  • Above Grade Finished Sq Ft: 13500.0
  • Architectural Style: Duplex, Cape, Ranch
  • Garage Yn: No
  • Year Built: 2003
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 92.59
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 34.0
  • Property Information:Total Baths: 18.0
  • Property Information:SqFt Finished Above Grade: 13500.0
  • 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
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Style:Cape: Yes
  • Electric:Circuit Breakers: Yes
  • Basement Entry:Interior: Yes
  • Heat Fuel:Electric: Yes
  • Amenities:Laundry - Hookup: Yes
  • Roof:Metal: Yes
  • Floors:Laminate: Yes
  • Basement:Partial: Yes
  • Style:Ranch: Yes
  • Property Information:Number of Units: 10
  • Income Expenses Gross Income: 101700.0
  • Income Expenses Operating Expenses: 51957.96
  • Amenities:Bathtub: Yes
  • Basement:Crawl Space: Yes
  • Sewer:Private Sewer: Yes
  • Style:Duplex: Yes
  • Basement:Slab2: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Site:Wooded: Yes
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Sewer:Septic Design Available: Yes
  • Basement:Sump Pump: Yes
  • Exterior:Brick: Yes
  • Construction:Masonry: Yes
  • Exterior:Block2: Yes
  • Advertising Remarks:Advertising Remarks: This is a once in a lifetime investment opportunity with plenty of expansion potential. 5 duplexes totaling 10 units have been very well maintained and constructed with low maintenance in mind. The 34 acres leaves plenty of room for more duplexes to be built and capitalize on all the income potential this property has to offer. The location is a quiet, country setting yet just 10 miles to UMaine. If you have been looking for that ultimate investment opportunity, don't let this one get away. Set up your showing today.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Crawl Space, Partial, Sump Pump, Interior Entry
  • Full Bathrooms: 18
  • Flooring: Tile, Laminate, Carpet
  • Interior Amenities: 1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath, Bathtub
  • Amenities 1st Floor Primary BR wBath: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Landscaped, Wooded, Near Turnpike/Interstate, Near Town
  • Waterfront: No
  • Construction Type: Brick, Block, Masonry, Wood Frame
  • Foundation Details: Slab
  • Roof: Metal

Garage/Parking

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

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer, Septic Design Available, Septic Existing on Site
  • Utilities: Utilities On
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 1481040.0
  • Parcel #: 319and335SouthgateRDOldTown04468
  • Zoning: R-3A - RURAL RES A

Multi Family

  • Number Of Units Total: 10
  • Annual Gross Income: 101700.0
  • Annual Operating Expense: 51957.96

Tax Info

  • Tax Annual Amount: 15508.0
  • Tax Lot: 30 & 30A
  • Tax Year: 2021

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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Property History

Date Event Price List to Sale Price per Sq Ft
10/07/2022 10/07/22 Sold $1,000,000 -20.0% $74 / Sq Ft
06/22/2022 06/22/22 Pending -- -- --
06/01/2022 06/01/22 For Sale $1,250,000 -- $93 / Sq Ft
Source: Maine Listings

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 $11,840 $668,900 $55,900 $613,000
2023 $11,870 $670,600 $55,900 $614,700
2022 $10,334 $492,100 $32,800 $459,300
2020 $12,189 $533,200 $32,300 $500,900
2019 $12,189 $533,200 $32,300 $500,900
2018 $12,189 $533,200 $32,300 $500,900
2017 $11,917 $533,200 $32,300 $500,900
2015 $11,272 $532,700 $31,800 $500,900
2014 $10,766 $532,700 $31,800 $500,900
2013 $13,188 $705,600 $31,800 $673,800
Source: Public Records

Agents Affiliated with this Home

  • Sarah Ryan

    Seller's Agent in 2022

    Sarah Ryan

    NextHome Experience

    (207) 240-2093

    139 Total Sales

    Sarah Ryan
    Section Image

  • T

    Buyer's Agent in 2022

    Travis Pelletier

    RE/MAX Advantage Realty Group

See All Agents

Map

Source: Maine Listings

MLS Number: 1530613

Maine Listings

APN: OLDN-000004-000000-000030

Maine Penobscot County Old Town 04468

319 & 335 Southgate Rd, Old Town, ME

Not Listed for Sale

MultiFamily

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