NOT LISTED FOR SALE

35 Shepard St Bath, ME 04530

Estimated Value: $368,000 - $440,000

5 Beds
2 Baths
2,544 Sq Ft
$164/Sq Ft Est. Value

Last Sold October 15, 2021

Last sale price $285,000 $112 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $2,560/month

21 Days on Market

Highlights

  • Nearby Water Access
  • Wood Flooring
  • Victorian Architecture
  • Property is near public transit
  • Main Floor Bedroom
  • 2-minute walk to Josephine Newman Sanctuary

About This Home

As of October 2021

This spacious light-filled two-unit is a rare opportunity for an investor or owner-occupant. Both units have large eat-in kitchens that open onto living spaces. 3-BR has many unique features including built-in cabinets, a cathedral ceiling, skylights, a loft space, a jacuzzi tub, basement with ample storage and 2 off-street parking spaces. 2-BR unit has a storage shed off the kitchen that could be incorporated as additional living space, an upstairs bedroom with an attached space suitable for a small office or nursery, and one off-street parking space. Large south-facing covered porch overlooks the front yard with room for gardens or additional parking. Both units have washer/dryer hookups, dishwashers, economical Rinnai heaters with separate tanks and separate meters for electricity and water/sewer. This unique property feels like two individual homes that just happen to be connected. Recent improvements include a new bathroom for the 2-BR in 2019 and a new roof for the entire property in 2020. Convenient location makes for easy rentals: property has been consistently rented with only one month of vacancy since 2007. Rents are below market value. Tenant in 3-BR is month to month (2-month notice required); 2-BR unit will be vacant as of September 1. 24 hours notice required for showings. No showings after 5:00pm. View it quickly: this won't last!

Last Agent to Sell the Property

Michelle Cyr

Coldwell Banker Realty Listed on: 08/20/2021

Last Buyer's Agent

Amber Riendeau

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,600

Year Built

  • Built in 1890

Lot Details

  • 5,227 Sq Ft Lot

Home Design

  • Duplex
  • Victorian Architecture
  • Stone Foundation
  • Wood Frame Construction
  • Composition Roof
  • Clap Board Siding
  • Clapboard

Interior Spaces

  • 2,544 Sq Ft Home
  • 2-Story Property
  • Laundry on main level

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 2 Full Bathrooms
  • Bathtub
  • Shower Only

Unfinished Basement

  • Partial Basement
  • Interior Basement Entry

Parking

  • Driveway
  • Off-Street Parking

Outdoor Features

  • Nearby Water Access
  • Deep Water Access
  • Porch

Location

  • Property is near public transit
  • City Lot

Utilities

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

Listing and Financial Details

  • Tax Lot 163
  • Assessor Parcel Number BTTH-000032-000000-000163

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $6,613
  • Gross Income $23,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,600

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.12
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From Route 1 in Bath, take Washington St south to Shepard St on your right. Sign on property.
  • Above Grade Finished Sq Ft: 2544.0
  • Architectural Style: Duplex, Other Style, Victorian
  • Garage Yn: No
  • Year Built: 1890
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 113.6
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.12
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2544.0
  • Property Information:Garage: No
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Basement:Partial: Yes
  • Roof:Composition2: Yes
  • Property Information:Number of Units: 2
  • Exterior:Clapboard: Yes
  • Income Expenses Gross Income: 23400.0
  • Income Expenses Operating Expenses: 6612.59
  • Amenities:Bathtub: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Style:Duplex: Yes
  • Recreational Water:Nearby: Yes
  • Equipment:Internet Access Available: Yes
  • Heat System:Direct Vent Heater: Yes
  • Transportation:Deep Water Access: Yes
  • Foundation Materials:Granite2: Yes
  • Transportation:Public Transport Access: Yes
  • Driveway:Reclaimed: Yes
  • Building Info:_pound_ Floors3: 2
  • Advertising Remarks:Advertising Remarks: Call Michelle Cyr at 207.749.7282 for more information. This spacious light-filled two-unit is a rare opportunity for an investor or owner-occupant. Both units have large eat-in kitchens that open onto living spaces. 3-BR has many unique features including built-in cabinets, a cathedral ceiling, skylights, a loft space, a jacuzzi tub, basement with ample storage and 2 off-street parking spaces. 2-BR unit has a storage shed off the kitchen that could potentially be incorporated as additional living space, an upstairs bedroom with an attached space suitable for a small office or nursery, and one off-street parking space. Large south-facing covered porch overlooks the front yard with room for gardens or additional parking. Both units have washer/dryers hookups, dishwashers, economical Rinnai heaters with separate tanks and separate meters for electricity and water/sewer. This unique property feels like two individual homes that just happen to be connected. Recent improvements include a new bathroom for the 2-BR in 2019 and a new roof for the entire property in 2020. Convenient location makes for easy rentals: property has been consistently rented with only one month of vacancy since 2007. Tenant in 3-BR is month to month (2-month notice required); 2-BR unit will be vacant as of September 1. 24 hour notice required for showings. No showings after 5:00pm. View it quickly: this won't last!
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Other, Partial, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Fireplace: No
  • Flooring: Wood, Vinyl, Tile
  • Interior Amenities: 1st Floor Bedroom, Bathtub, Other, Shower
  • Stories: 2

Exterior Features

  • Lot Features: Sidewalks, Intown, Near Shopping, Neighborhood, Near Public Transit
  • Waterfront: No
  • Construction Type: Clapboard, Wood Frame
  • Foundation Details: Granite
  • Patio And Porch Features: Porch
  • Roof: Composition
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Reclaimed, Off Street

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Heater
  • 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: 5227.2
  • Parcel #: BTTH-000032-000000-000163
  • Zoning: Res

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 23400.0
  • Annual Operating Expense: 6612.59

Tax Info

  • Tax Annual Amount: 2600.0
  • Tax Lot: 163
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2021
Closed on
Oct 15, 2021
Sold by
Brawn Kristin E
Bought by
Foster Ara S and Hodges William A
Seller's Agent
Michelle Cyr
Coldwell Banker Realty
Buyer's Agent
Amber Riendeau
Coldwell Banker Realty
List Price
$289,000
Sold Price
$285,000
Premium/Discount to List
-$4,000
-1.38%
Current Estimated Value
$416,689

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,689
Avg. Annual Appreciation
9.42%
Original Mortgage
$228,000
Outstanding Balance
$207,463
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$209,226

Purchase Details

Closed on
Mar 7, 2007
Sold by
Allison Lee A and Allison Susan A
Bought by
Brawn Kristin E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,925
Interest Rate
6.3%
Mortgage Type
FHA
Source: Public Records
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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
Foster Ara S -- None Available
Brawn Kristin E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Foster Ara S $228,000
Previous Owner Brawn Kristin E $89,925
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2021 10/15/21 Sold $285,000 -1.4% $112 / Sq Ft
08/20/2021 08/20/21 Pending -- -- --
07/29/2021 07/29/21 For Sale $289,000 -- $114 / 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
2025 $4,590 $285,100 $36,700 $248,400
2024 $4,179 $253,300 $36,400 $216,900
2023 $4,064 $240,500 $33,300 $207,200
2022 $3,631 $178,000 $21,800 $156,200
2021 $2,639 $130,000 $21,800 $108,200
2020 $2,600 $130,000 $21,800 $108,200
2019 $2,574 $130,000 $21,800 $108,200
2018 $3,429 $157,300 $19,000 $138,300
2017 $3,382 $158,400 $19,000 $139,400
2016 $3,342 $158,400 $19,000 $139,400
2015 $3,279 $158,400 $19,000 $139,400
2014 $3,200 $158,400 $19,000 $139,400
2013 $3,111 $158,400 $19,000 $139,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1502847

Maine Listings

APN: BTTH-000032-000000-000163