NOT LISTED FOR SALE

34 Whitman St Norway, ME 04268

Estimated Value: $214,000 - $364,369

-- Bed
4 Baths
2,175 Sq Ft
$131/Sq Ft Est. Value

Last Sold February 16, 2022

Last sale price $157,400 $72 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $1,786/month

7 Days on Market

Highlights

  • Colonial Architecture
  • Baseboard Heating
  • Carpet
  • No HOA
  • Level Lot

About This Home

As of February 2022

4-Unit Investment property In the heart of downtown Norway near all shops, restaurants, & hospital. Each unit is very basic featuring, 3 rooms to include a kitchen, living, & bedroom and 1 bath, all units have had some work over the years but are currently in need of TLC. Unit 3 upstairs has the potential to be 4 bedrooms with some work to bring to code Vinyl sided, vinyl windows, new HWBB heat system in 2019. Two first floor units are rented with long term tenants, upstairs units are vacant, perfect for an owner-occupied purchase. Each unit has own electric hot water heater. Landlord pays heat, water/sewer. Tenant responsible for electric. Paved parking available.

Last Agent to Sell the Property

Pamela Sessions

Kezar Realty Listed on: 12/16/2021

Last Buyer's Agent

Charles Hurd JR

Maine Street Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,190

Year Built

  • Built in 1960

Lot Details

  • 5,663 Sq Ft Lot
  • Level Lot
  • Open Lot

Home Design

  • Colonial Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 4 Full Bathrooms
  • 2,175 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Laminate

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Doghouse Basement Entry

Parking

  • Driveway
  • Paved Parking

Utilities

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

Listing and Financial Details

  • Tax Lot 64
  • Assessor Parcel Number NORY-000025-000000-000064

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $8,563
  • Gross Income $28,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,190

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.13
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Main St Norway, right on Whitman St, property on the left after Pearl St.
  • Above Grade Finished Sq Ft: 2175.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1960
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.13
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 2175.0
  • Property Information:Garage: No
  • 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:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Basement Entry:Doghouse: Yes
  • Property Information:Number of Units: 4
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 28800.0
  • Income Expenses Operating Expenses: 8563.0
  • Style:Colonial: Yes
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Building Info:_pound_ Floors3: 3
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Full, Doghouse, Unfinished
  • Full Bathrooms: 4
  • Flooring: Laminate, Carpet
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Open, Level, Near Shopping, Near Town
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Shingle

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Schools

  • Junior High Dist: RSU 17/MSAD 17

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5662.8
  • Parcel #: NORY-000025-000000-000064
  • Zoning: MFR

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 28800.0
  • Annual Operating Expense: 8563.0

Tax Info

  • Tax Annual Amount: 2190.0
  • Tax Book Number: 4025
  • Tax Lot: 64
  • Tax Map Number: 25
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 5, 2022
Sold by
Eisenhofer Karl
Bought by
34 Whitman Street T
Current Estimated Value
$272,230

Purchase Details

Listed on
Dec 16, 2021
Closed on
Feb 16, 2022
Sold by
Sessions Nathan W
Bought by
Eisenhofer Karl
Seller's Agent
Pamela Sessions
Kezar Realty
Buyer's Agent
Charles Hurd JR
Maine Street Realty, Inc.
List Price
$162,400
Sold Price
$157,400
Premium/Discount to List
-$5,000
-3.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.55%
Original Mortgage
$118,050
Interest Rate
3.55%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
34 Whitman Street T -- None Available
Eisenhofer Karl $157,400 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Eisenhofer Karl $118,050
Previous Owner Sessions Nathan W $93,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2022 02/16/22 Sold $157,400 -3.1% $72 / Sq Ft
12/22/2021 12/22/21 Pending -- -- --
12/14/2021 12/14/21 For Sale $162,400 -- $75 / 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 $3,551 $199,297 $17,005 $182,292
2023 $2,930 $199,300 $17,000 $182,300
2022 $2,249 $159,500 $17,000 $142,500
2021 $2,178 $124,800 $15,500 $109,300
2020 $2,190 $124,800 $15,500 $109,300
2019 $2,190 $124,800 $15,500 $109,300
2018 $2,147 $124,800 $15,500 $109,300
2017 $2,147 $124,800 $15,500 $109,300
2015 $1,984 $124,800 $15,500 $109,300
2013 $1,835 $124,800 $15,500 $109,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1516553

Maine Listings

APN: NORY-000025-000000-000064