NOT LISTED FOR SALE

33 Front St Belfast, ME 04915

Estimated Value: $1,122,318

-- Bed
2.5 Baths
5,760 Sq Ft
$195/Sq Ft Est. Value

Last Sold August 01, 2022

Last sale price $1,000,000 $174 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $7,547/month

4 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Subterranean Parking
  • Zoned Heating
  • No HOA
  • Agricultural
  • 2-minute walk to Heritage Park

About This Home

As of August 2022

Here's an Investment opportunity in the Heart of Downtown Belfast. Beautiful Ocean Views, easy stroll to the waters edge , This Renovated Property consists of 4 Professional first floor office spaces located on the Front Street level, 2 very spacious Townhouse Style apartments that include 2nd & 3rd floors, a Bottom floor Retail space with room for interior expansion on the daylight entry level, as well as a rented storage area. Turn key investment with leases in place. 24 hour notice is required.

Last Agent to Sell the Property

Tim Dutch

Realty of Maine Listed on: 06/24/2022

Realty of Maine

Last Buyer's Agent

Marjorie Crowley

CoastWise Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,457

Year Built

  • Built in 1900

Lot Details

  • 0.27 Acre Lot
  • Property Fronts a Bay or Harbor
  • Level Lot
  • Open Lot

Parking

  • 1 Car Garage
  • Subterranean Parking
  • Common or Shared Parking
  • Shared Driveway
  • On-Street Parking
  • Reserved Parking

Property Views

  • Water
  • Scenic Vista

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,760 Sq Ft Home
  • Multi-Level Property

Flooring

  • Carpet
  • Vinyl

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available

Additional Features

  • City Lot
  • Agricultural

Listing and Financial Details

  • Tax Lot 140
  • Assessor Parcel Number BELF-000011-000000-000140

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $30,000
  • Gross Income $67,740

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,457

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.27
  • Road Surface Type: Paved
  • Water Body Name: Penobscot Bay
  • MLS Status: Closed
  • Directions: At foot of Main Street take left. Building is second on your right. Building borders Harbor Walking (Rail Trail) and Front Street. Great Location!
  • Above Grade Finished Sq Ft: 5760.0
  • Architectural Style: Multi-Level
  • Garage Yn: Yes
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.27
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 5760.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Basement:Daylight: Yes
  • Basement:Walkout Access: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Walk-Out: Yes
  • Amenities:Storage: Yes
  • Property Information:Garage Spaces: 1.0
  • Driveway:Common2: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 67740.0
  • Income Expenses Operating Expenses: 30000.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Parking:Paved3: Yes
  • View:Scenic: Yes
  • Site:Agriculture: Yes
  • Vehicle Storage:Under: Yes
  • Parking:On Street: Yes
  • Parking Reserved2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Walk-Out Access, Daylight, Full
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Storage
  • Full Basement: Yes

Exterior Features

  • Lot Features: Agriculture, Level, Open Lot, Intown, Near Shopping
  • View: Scenic
  • Waterfront Features: Bay
  • Waterfront: No
  • Construction Type: Shingle Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: 5 - 10 Spaces, Paved, Common, On Site, Underground, On Street

Utilities

  • Security: Fire System
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 11761.2
  • Parcel #: BELF-000011-000000-000140
  • Zoning: see town

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 67740.0
  • Annual Operating Expense: 30000.0

Tax Info

  • Tax Annual Amount: 10457.0
  • Tax Book Number: 4392
  • Tax Lot: 140
  • Tax Map Number: 011
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2022
Closed on
Aug 23, 2022
Sold by
Overgaag Paul W and Ledyard Brynna
Bought by
33 Backstreet Llc
Seller's Agent
Tim Dutch
Realty of Maine
Buyer's Agent
Marjorie Crowley
CoastWise Realty
List Price
$1,150,000
Sold Price
$1,000,000
Premium/Discount to List
-$150,000
-13.04%
Current Estimated Value
$1,122,318

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$122,318
Avg. Annual Appreciation
-0.22%

Purchase Details

Listed on
Jun 24, 2022
Closed on
Aug 1, 2022
Sold by
Ross Ret and Ross
Bought by
Overgaag Paul W and Ledyard Brynna
Seller's Agent
Tim Dutch
Realty of Maine
Buyer's Agent
Marjorie Crowley
CoastWise Realty
List Price
$1,150,000
Sold Price
$1,000,000
Premium/Discount to List
-$150,000
-13.04%

Purchase Details

Closed on
Jul 9, 2019
Sold by
Ross James M and Ross Cathie M
Bought by
Ross Ret and Ross
Source: Public Records

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 Buyer Sale Price Title Company
33 Backstreet Llc -- None Available
33 Backstreet Llc -- None Available
Overgaag Paul W -- None Available
Overgaag Paul W -- None Available
Ross Ret -- --
Ross Ret -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ross James K $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2022 08/01/22 Sold $1,000,000 -13.0% $174 / Sq Ft
06/29/2022 06/29/22 Pending -- -- --
06/24/2022 06/24/22 For Sale $1,150,000 -- $200 / 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 $15,534 $1,008,700 $337,600 $671,100
2023 $9,554 $475,300 $207,800 $267,500
2022 $10,171 $475,300 $207,800 $267,500
2021 $10,457 $475,300 $207,800 $267,500
2020 $11,074 $475,300 $207,800 $267,500
2019 $10,884 $475,300 $207,800 $267,500
2018 $10,789 $475,300 $207,800 $267,500
2017 $10,409 $475,300 $207,800 $267,500
2016 $9,845 $429,900 $162,400 $267,500
2015 $9,630 $429,900 $162,400 $267,500
2014 $9,307 $429,900 $162,400 $267,500
2013 $8,942 $429,900 $162,400 $267,500
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Maine Listings

MLS Number: 1533998

Maine Listings

APN: BELF-000011-000000-000140