$200,000
SOLD NOV 8, 2024

321 Franklin St Rumford, ME 04276

-- Bed
3 Baths
3,675 Sq Ft
0.26 Acres

Recently Sold

$54 Per Sq Ft

4% Below List Price

78 Days on Market

Highlights

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

About This Home

As of November 2024

Spacious three units available for individual sale or as part of a larger portfolio. This 3,675 square foot building includes a total of 9 bedrooms and 3 bathrooms. Additional features include a new propane boiler with on-demand water heaters, separate 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.
**Total portfolio: 205 Spruce St., 315 Knox St., 319 Knox St.,317 Franklin St., 321 Franklin St., 77 Granite Street, Mexico.

Last Agent to Sell the Property

Michelle Gosselin

Home At Last Realty

Last Buyer's Agent

Alexander Munsell

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,773

Year Built

  • Built in 1915

Lot Details

  • 0.26 Acre Lot
  • Level Lot
  • Open Lot

Parking

  • 2 Car Detached Garage
  • Common or Shared Parking
  • Shared Driveway

Home Design

  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 3 Full Bathrooms
  • 3,675 Sq Ft Home
  • Multi-Level Property
  • Unfinished Basement
  • Exterior Basement Entry

Flooring

  • Wood
  • Carpet
  • Vinyl

Utilities

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

Listing and Financial Details

  • Tax Lot 146
  • Assessor Parcel Number RUMF-000112-000000-000146

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $15,782
  • Gross Income $34,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,773

Year Built

Built in 1915

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. Sign at Property.
  • Above Grade Finished Sq Ft: 3675.0
  • Architectural Style: Other
  • Garage Yn: Yes
  • Unit Levels: Multi-Level
  • Year Built: 1915
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.26
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3675.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • 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
  • 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
  • Driveway:Common2: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Property Information:Number of Units: 3
  • Income Expenses Gross Income: 34800.0
  • Income Expenses Operating Expenses: 15782.0
  • Roof:Pitched: Yes
  • Exterior:Aluminum Siding: Yes
  • Basement Entry:Exterior Only: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Other Equipment: Internet Access Available
  • Has Basement: Exterior Only, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl, Carpet

Exterior Features

  • Lot Features: Open, Level, Near Shopping, Near Town, Neighborhood
  • Waterfront: No
  • Construction Type: Aluminum Siding, Wood Frame
  • Roof: Pitched, Shingle

Garage/Parking

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

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-000112-000000-000146
  • Zoning: Residential

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 34800.0
  • Annual Operating Expense: 15782.0

Tax Info

  • Tax Annual Amount: 2773.0
  • Tax Book Number: 5530
  • Tax Lot: 146
  • Tax Map Number: 112
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2024
Closed on
Nov 8, 2024
Sold by
Frisbie Kevin D and Frisbie Erika
Bought by
Munsell Alexander
Seller's Agent
Michelle Gosselin
Home At Last Realty
Buyer's Agent
Alexander Munsell
Real Broker
List Price
$209,000
Sold Price
$200,000
Premium/Discount to List
-$9,000
-4.31%
Total Days on Market
78
Views
14
Current Estimated Value
$208,005

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,005
Avg. Annual Appreciation
9.50%
Original Mortgage
$160,000
Outstanding Balance
$159,214
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$51,020

Purchase Details

Closed on
Aug 15, 2016
Sold by
Geronda Linnell M
Bought by
Frisbie Kevin D and Frisbie Erika

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $200,000 None Available
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $160,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2024 11/08/24 Sold $200,000 -4.3% $54 / Sq Ft
09/15/2024 09/15/24 Pending -- -- --
08/05/2024 08/05/24 For Sale $209,000 0.0% $57 / Sq Ft
07/18/2024 07/18/24 Pending -- -- --
06/28/2024 06/28/24 For Sale $209,000 -- $57 / 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 $2,909 $175,000 $21,000 $154,000
2023 $2,773 $125,000 $15,000 $110,000
2022 $2,773 $125,000 $15,000 $110,000
2021 $2,806 $125,000 $15,000 $110,000
2020 $2,825 $125,000 $15,000 $110,000
2019 $2,692 $88,250 $5,500 $82,750
2018 $2,625 $88,250 $5,500 $82,750
2017 $2,546 $88,250 $5,500 $82,750
2016 $2,471 $88,250 $5,500 $82,750
2015 $2,422 $88,250 $5,500 $82,750
2014 $2,378 $88,250 $5,500 $82,750
Source: Public Records

Source: Maine Listings

MLS Number: 1595191

Maine Listings

APN: RUMF-000112-000000-000146