NOT LISTED FOR SALE

321 Gibbs Rd Wiscasset, ME 04578

Estimated Value: $298,000 - $433,000

4 Beds
2 Baths
1,960 Sq Ft
$194/Sq Ft Est. Value

Last Sold November 23, 2020

Last sale price $244,000 $124 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $2,464/month

2 Days on Market

Highlights

  • Colonial Architecture
  • Wooded Lot
  • Level Lot
  • Deck
  • No HOA
  • Wood Siding

About This Home

As of November 2020

A gem of a home or an investment property, this CMP Certified ''Good Cents Home'' really does make sense for anyone looking for either an investment or a first home with an income producing rental apartment built in. Featuring passive solar and super insulation for lower heating costs, a rural location with easy access to both Brunswick and Augusta,
this 2 family home is in great condition and ready for new owners. Both sides have 2 bedrooms and a full bath on the second level, a large living room overlooking a backyard and deck as well as a good sized kitchen and dining area and ''mud room'' on the first level. Each unit also has it's own full basement with interior stairs and washer/dryer hookups.

Last Listed By

Patti Lawton

Legacy Properties Sotheby's International Realty Listed on: 09/04/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,834

Year Built

  • Built in 1985

Lot Details

  • 2.3 Acre Lot
  • Rural Setting
  • Level Lot
  • Wooded Lot

Home Design

  • Colonial Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2 Full Bathrooms
  • 1,960 Sq Ft Home
  • Finished Basement
  • Interior Basement Entry
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Vinyl

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Deck

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Mounted To A Wall or Window
  • Private Water Source
  • Electric Water Heater
  • Private Sewer

Listing and Financial Details

  • Tax Lot 017
  • Assessor Parcel Number WISC-000003-000000-000017R

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $10,603
  • Gross Income $18,982

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,834

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 2.3
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Route 27 to Gibbs Road, 1st drive on left
  • Above Grade Finished Sq Ft: 1960.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Year Built: 1985
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 2.3
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1960.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Percent Basement Finished: Yes
  • Roof:Shingle: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Heat Fuel:Electric: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Basement:Unfinished: Yes
  • Property Information:Number of Units: 2
  • Income Expenses Gross Income: 18982.0
  • Income Expenses Operating Expenses: 10603.0
  • Exterior:Wood Siding: Yes
  • Style:Colonial: Yes
  • Sewer:Private Sewer: Yes
  • Location:Rural: Yes
  • Water:Private2: Yes
  • Site:Wooded: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Heat System:Direct Vent Heater: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Finished, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Flooring: Vinyl, Carpet

Exterior Features

  • Lot Features: Level, Wooded, Near Town, Rural
  • Waterfront: No
  • Construction Type: Wood Siding, Wood Frame
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Paved

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Heater
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer
  • Utilities: Utilities On
  • Water Source: Private

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 100188.0
  • Parcel #: WISC-000003-000000-000017R
  • Zoning: Residential

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 18982.0
  • Annual Operating Expense: 10603.0

Tax Info

  • Tax Annual Amount: 3834.0
  • Tax Book Number: 1310
  • Tax Lot: 017
  • Tax Map Number: R-03
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2020
Closed on
Nov 23, 2020
Sold by
Nesbitt Robert S and Nesbitt Barbara J
Bought by
Mccarthy Jacob
Seller's Agent
Patti Lawton
Legacy Properties Sotheby's International Realty
Buyer's Agent
Adam Nelson
Portside Real Estate Group
List Price
$250,000
Sold Price
$244,000
Premium/Discount to List
-$6,000
-2.4%
Total Days on Market
2
Current Estimated Value
$380,902

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$136,902
Avg. Annual Appreciation
11.27%
Original Mortgage
$195,200
Outstanding Balance
$177,617
Interest Rate
2.8%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$214,437

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
Mccarthy Jacob -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mccarthy Jacob $195,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/23/2020 11/23/20 Sold $244,000 -2.4% $124 / Sq Ft
09/07/2020 09/07/20 Pending -- -- --
09/04/2020 09/04/20 For Sale $250,000 -- $128 / 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
2023 $4,107 $240,900 $52,800 $188,100
2022 $3,869 $192,700 $42,200 $150,500
2021 $3,877 $192,700 $42,200 $150,500
2020 $3,877 $192,700 $42,200 $150,500
2019 $3,835 $192,700 $42,200 $150,500
2018 $3,767 $192,700 $42,200 $150,500
2017 $3,615 $192,700 $42,200 $150,500
2016 $3,605 $192,700 $42,200 $150,500
2015 $3,160 $192,700 $42,200 $150,500
2014 $3,276 $192,700 $42,200 $150,500
2013 $3,122 $192,700 $42,200 $150,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1467516

Maine Listings

APN: WISC-000003-000000-000017R