NOT LISTED FOR SALE

347 Ocean Point Rd East Boothbay, ME 04544

Estimated Value: $432,438 - $550,000

6 Beds
4 Baths
2,288 Sq Ft
$215/Sq Ft Est. Value

Last Sold June 30, 2021

Last sale price $310,000 $135 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $2,785/month

8 Days on Market

Highlights

  • Nearby Water Access
  • Scenic Views
  • Contemporary Architecture
  • Country Club
  • Deck
  • Wood Flooring

About This Home

As of June 2021

A rare 4 unit, one bedroom apartment building located within a short distance to East Boothbay Village and Bigelow Laboratory. Building is situated on a .9 acre lot with road frontage and a spaciouse back yard. Each unit has one bedroom with three of the units having it's own office or game room space. Roof replaced within the last 10 years, each unit has it's own electrical service and propane heater. One unit has been completely renovated which gives you the opportunity to live in the unit while you rent or renovate remaining units. Ample parking for all units on the property.

Last Agent to Sell the Property

Larry Colcord

Harbor Realty Listed on: 04/27/2021

Last Buyer's Agent

Jacob Stevenson

Canacre (USA) LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,120

Year Built

  • Built in 1972

Lot Details

  • 0.9 Acre Lot
  • Level Lot
  • Open Lot

Property Views

  • Scenic Vista
  • Woods

Home Design

  • Contemporary Architecture
  • Concrete Foundation
  • Block Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,288 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 4 Full Bathrooms
  • Shower Only

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Crawl Space

Parking

  • Common or Shared Parking
  • Gravel Driveway
  • Shared Driveway

Outdoor Features

  • Nearby Water Access
  • Deck
  • Shed

Utilities

  • No Cooling
  • Heating System Uses Propane
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater
  • Private Sewer
  • Internet Available
  • Cable TV Available

Additional Features

  • Doors are 32 inches wide or more
  • Property is near a golf course

Listing and Financial Details

  • Tax Lot 002
  • Assessor Parcel Number BOOT-000012U-000002-A000000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Recreation

  • Country Club

Building Details

  • Operating Expense $4,137
  • Gross Income $3,144

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,120

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.9
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Subdivision Name: no
  • Above Grade Finished Sq Ft: 2288.0
  • Architectural Style: Contemporary, Multi-Level
  • Garage Yn: No
  • Year Built: 1972
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 143.79
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.9
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 2288.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Foundation Materials:Slab: Yes
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Amenities:One-Floor Living: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 4
  • Income Expenses Gross Income: 3144.0
  • Income Expenses Operating Expenses: 4137.0
  • Style:Multi-Level: Yes
  • Foundation Materials:Block3: Yes
  • Basement:Crawl Space: Yes
  • Sewer:Private Sewer: Yes
  • Recreational Water:Nearby: Yes
  • Basement:Slab2: Yes
  • Driveway:Gravel: Yes
  • View:TreesWoods: Yes
  • Equipment:Internet Access Available: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Equipment:Cable: Yes
  • View:Scenic: Yes
  • Location:Near Country Club: Yes
  • Heat System:Direct Vent Heater: Yes
  • Basement Entry:Exterior Only: Yes
  • Building Info:_pound_ Floors3: 2
  • Other Structures:Shed: Yes
  • Advertising Remarks:Advertising Remarks: A rare 4 unit, one bedroom apartment building located within a short distance to East Boothbay Village and Bigelow Laboratory. Building is situated on a .9 acre lot with road frontage and a spaciouse back yard. Each unit has one bedroom with three of the units having it's own office or game room space. Roof replaced within the last 10 years, each unit has it's own electrical service and propane heater. One unit has been completely renovated which gives you the opportunity to live in the unit while you rent or renovate remaining units. Ample parking for all units on the property.
  • Property Information 2 Detached Houses on 1 Lot: No
  • Accessibilitiy Amenities 32 - 36 Inch Doors: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Accessibility Features: 32 - 36 Inch Doors
  • Has Basement: Walk-Out Access, Crawl Space, Full, Exterior Entry, Bulkhead, Interior Entry, Exterior Only, Unfinished
  • Full Bathrooms: 4
  • Flooring: Wood, Vinyl, Laminate, Composition
  • Interior Amenities: 1st Floor Bedroom, One-Floor Living, Shower
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Near Golf Course, Near Town, Neighborhood
  • View: Trees/Woods, Scenic
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Block, Concrete Perimeter, Slab
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Schools

  • Junior High Dist: AOS 98

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 39204.0
  • Parcel #: BOOT-000012U-000002-A000000
  • Zoning: Residential

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 3144.0
  • Annual Operating Expense: 4137.0

Tax Info

  • Tax Annual Amount: 2120.0
  • Tax Lot: 002
  • Tax Year: 2020

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2021 06/30/21 Sold $310,000 -5.8% $135 / Sq Ft
05/06/2021 05/06/21 Pending -- -- --
04/27/2021 04/27/21 For Sale $329,000 -- $144 / 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 $2,507 $220,871 $72,376 $148,495
2023 $2,220 $220,871 $72,376 $148,495
2022 $2,054 $220,871 $72,376 $148,495
2021 $2,109 $220,871 $72,376 $148,495
2020 $2,120 $220,871 $72,376 $148,495
2019 $2,087 $220,871 $72,376 $148,495
2018 $2,054 $220,871 $72,376 $148,495
2017 $2,155 $234,200 $74,100 $160,100
2016 $2,061 $234,200 $74,100 $160,100
2015 $2,049 $234,200 $74,100 $160,100
2014 $1,991 $234,200 $74,100 $160,100
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Maine Listings

MLS Number: 1489177

Maine Listings

APN: BOOT-000012U-000002-A000000