NOT LISTED FOR SALE

344 Hancock St Rumford, ME 04276

Estimated Value: $323,000 - $357,000

-- Bed
7 Baths
8,496 Sq Ft
$40/Sq Ft Est. Value

Last Sold July 25, 2022

Last sale price $298,000 $35 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $2,247/month

10 Days on Market

Highlights

  • Nearby Water Access
  • No HOA
  • Tankless Water Heater
  • Wood Flooring
  • Porch
  • Bath Modification

About This Home

As of July 2022

This large 6 unit apartment building is conveniently located to town and all amenities. Both off street and on street parking. First floor apartment on the left had been used as an office several years ago, and has a handicap ramp, enclosed entry porch and a handicap shower. This unit might needs some renovations to convert to a regular apartment unit, or rent as an office space. Buderus boiler, and an on demand propane heating unit for the 1st floor right unit. All rooms in units are large. With the need for rentals in the area, this is a great opportunity.

Last Agent to Sell the Property

Jack Davis

Hebert Realty Group Brokerage Email: info@hebertrealtygroup.com Listed on: 05/20/2022

Last Buyer's Agent

Amy Ruzbasan

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,063

Year Built

  • Built in 1902

Lot Details

  • 9,583 Sq Ft Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Stone Foundation
  • Composition Roof
  • Masonry

Interior Spaces

  • 8,496 Sq Ft Home
  • 3-Story Property
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Vinyl

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Brick Basement
  • Exterior Basement Entry

Parking

  • Driveway
  • Paved Parking
  • On-Street Parking
  • On-Site Parking

Accessible Home Design

  • Bath Modification

Outdoor Features

  • Nearby Water Access
  • Porch

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Hot Water Heating System
  • Tankless Water Heater
  • Oil Water Heater
  • Internet Available

Listing and Financial Details

  • Tax Lot 181
  • Assessor Parcel Number RUMF-000113-000000-000181

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Pet Policy

  • No Dogs Allowed

Building Details

  • Operating Expense $24,153
  • Gross Income $40,067

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,063

Year Built

Built in 1902

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.22
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: At the light on Lincoln Avenue turn left onto Hancock Street. Property is first brick apartment building on left, after the hair parlor.
  • Above Grade Finished Sq Ft: 8496.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1902
  • Attribution Contact: info@hebertrealtygroup.com
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.22
  • Property Information:Total Baths: 7.0
  • Property Information:SqFt Finished Above Grade: 8496.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Basement:Walkout Access: 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:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Walk-Out: Yes
  • Amenities:Laundry - Hookup: Yes
  • Basement:Unfinished: Yes
  • Water Heater:Tankless: Yes
  • Roof:Composition2: Yes
  • Property Information:Number of Units: 6
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 40067.0
  • Income Expenses Operating Expenses: 24153.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Parking:Paved3: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Basement:BrickMortar: Yes
  • Equipment:Internet Access Available: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Water Heater:Oil2: Yes
  • Exterior:Brick: Yes
  • Heat System:Direct Vent Furnace: Yes
  • Basement Entry:Exterior Only: Yes
  • Parking:On Street: Yes
  • Building Info:_pound_ Floors3: 3
  • Construction:Masonry: Yes
  • Accessibilitiy Amenities:Other Bath Modifications: Yes
  • Restrictions:No Dogs Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Accessibility Features: Other Accessibilities, Other Bath Modifications
  • Has Basement: Brick/Mortar, Walk-Out Access, Full, Other, Exterior Only, Unfinished
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Fireplace: No
  • Flooring: Wood, Vinyl, Carpet
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Near Shopping, Near Town
  • Waterfront: No
  • Construction Type: Brick, Masonry
  • Foundation Details: Stone, Brick/Mortar
  • Patio And Porch Features: Porch
  • Roof: Composition
  • Patio and Porch Features:Porch: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Direct Vent Furnace, 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 Dogs Allowed

Schools

  • Junior High Dist: RSU 10

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 9583.2
  • Parcel #: RUMF-000113-000000-000181
  • Zoning: None

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 40067.0
  • Annual Operating Expense: 24153.0

Tax Info

  • Tax Annual Amount: 4063.0
  • Tax Book Number: 583
  • Tax Lot: 181
  • Tax Map Number: 113
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2022
Closed on
Jul 25, 2022
Sold by
Peterson James I and Peterson Mary L
Bought by
Red Brick Revival Llc
Seller's Agent
Jack Davis
Hebert Realty Group
Buyer's Agent
Amy Ruzbasan
Keller Williams Realty
List Price
$298,000
Sold Price
$298,000
Current Estimated Value
$346,236

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,236
Avg. Annual Appreciation
4.67%
Original Mortgage
$238,400
Outstanding Balance
$229,860
Interest Rate
5.78%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$112,842

Purchase Details

Closed on
Mar 13, 2008
Sold by
John R Gallant Lt
Bought by
Thompson Gauthama and Thompson Renee
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
Red Brick Revival Llc $298,000 None Available
Thompson Gauthama -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Red Brick Revival Llc $238,400
Previous Owner Peterson James I $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2022 07/25/22 Sold $298,000 0.0% $35 / Sq Ft
05/31/2022 05/31/22 Pending -- -- --
05/20/2022 05/20/22 For Sale $298,000 -- $35 / 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 $4,208 $253,200 $19,700 $233,500
2023 $4,015 $181,000 $14,100 $166,900
2022 $4,015 $181,000 $14,100 $166,900
2021 $4,063 $181,000 $14,100 $166,900
2020 $4,091 $181,000 $14,100 $166,900
2019 $3,751 $122,970 $4,300 $118,670
2018 $3,658 $122,970 $4,300 $118,670
2017 $3,548 $122,970 $4,300 $118,670
2016 $3,443 $122,970 $4,300 $118,670
2015 $3,376 $122,970 $4,300 $118,670
2014 $3,314 $122,970 $4,300 $118,670
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1529159

Maine Listings

APN: RUMF-000113-000000-000181