J
Seller's Agent in 2023
Jon Shilalis
Shilalis Real Estate
35 Skillings Ave South Paris, ME 04281
Estimated Value: $250,000 - $322,000
--
Bed
3
Baths
2,201
Sq Ft
$129/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- No HOA
- Forced Air Heating System
- Corner Lot
About This Home
As of March 2023Attention investors! Don't miss out on this well-maintained 3-family property with long-term tenants. All three units are on section 8 and are up to date on rent, and the property was recently inspected with no issues. The gross income for this property is well over $40,000 per year, making it a great investment opportunity.
The property features a new oil furnace that heats the whole house, as well as a new oil tank with a new oil line. There is only one heating system for the entire building, and there are three electric meters. The property has very low taxes and insurance, with the owner paying for trash, heat, electric, and water. The yearly taxes are roughly $1964, and the insurance is $1014. The new furnace is energy efficient, further reducing expenses.
The property is located in an economic opportunity zone and is conveniently located near local shops, restaurants, and recreational activities. The seller is willing to consider financing for the down payment, making it easier for you to purchase this property. Don't miss out on this opportunity to own a profitable, easy-to-manage building - contact us today to schedule a showing!
Last Agent to Sell the Property
Jon Shilalis
Shilalis Real Estate Listed on: 01/09/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,104
Year Built
- Built in 1910
Lot Details
- 6,098 Sq Ft Lot
- Corner Lot
- Level Lot
Home Design
- Colonial Architecture
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
Interior Spaces
- 3 Full Bathrooms
- 2,201 Sq Ft Home
- 3-Story Property
Basement
- Interior Basement Entry
- Dirt Floor
- Crawl Space
Parking
- Common or Shared Parking
- Gravel Driveway
- Shared Driveway
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Oil
- Natural Gas Not Available
- Electric Water Heater
Listing and Financial Details
- Tax Lot PARI-000008U-000000-
- Assessor Parcel Number PARI-000008U-000000-000007
Community Details
Overview
- No Home Owners Association
- 3 Units
Pet Policy
- Pets Allowed
- Pet Restriction
Building Details
- Operating Expense $11,200
- Gross Income $42,864
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 9, 2023
Closed on
Mar 3, 2023
Sold by
Shilalis Jonathan
Bought by
35 Skillings Llc
Seller's Agent
Jon Shilalis
Shilalis Real Estate
Buyer's Agent
Derrick Buckspan
RE/MAX Shoreline
List Price
$250,000
Sold Price
$240,000
Premium/Discount to List
-$10,000
-4%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,285
Avg. Annual Appreciation
7.21%
Original Mortgage
$192,000
Outstanding Balance
$187,060
Interest Rate
6.15%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$97,596
Purchase Details
Closed on
Mar 30, 2011
Sold by
Farrar Christopher G
Bought by
New Horizon Cap Invst Llc
Purchase Details
Closed on
Feb 15, 2011
Sold by
New Horizon Cap Invest
Bought by
Td Bank Na
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 35 Skillings Llc | $240,000 | None Available | |
| New Horizon Cap Invst Llc | -- | -- | |
| Td Bank Na | $5,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 35 Skillings Llc | $192,000 | |
| Previous Owner | Shilalis Jonathan | $77,000 | |
| Previous Owner | Churchill Robert F | $23,751 | |
| Previous Owner | Solomon Dawn | $103,000 | |
| Previous Owner | Solomon Dawn | $102,803 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/03/2023 03/03/23 | Sold | $240,000 | -4.0% | $109 / Sq Ft |
| 02/01/2023 02/01/23 | Pending | -- | -- | -- |
| 01/09/2023 01/09/23 | For Sale | $250,000 | +127.3% | $114 / Sq Ft |
| 09/14/2020 09/14/20 | Sold | $110,000 | -7.6% | $50 / Sq Ft |
| 07/16/2020 07/16/20 | Pending | -- | -- | -- |
| 07/11/2020 07/11/20 | For Sale | $119,000 | +26.6% | $54 / Sq Ft |
| 01/18/2019 01/18/19 | Sold | $94,000 | -21.6% | $85 / Sq Ft |
| 12/17/2018 12/17/18 | Pending | -- | -- | -- |
| 07/11/2018 07/11/18 | For Sale | $119,900 | -- | $109 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
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 | $2,716 | $185,300 | $32,700 | $152,600 |
| 2023 | $2,281 | $141,700 | $25,000 | $116,700 |
| 2022 | $2,104 | $141,700 | $25,000 | $116,700 |
| 2021 | $1,964 | $109,100 | $19,300 | $89,800 |
| 2020 | $1,986 | $109,100 | $19,300 | $89,800 |
| 2019 | $1,942 | $109,100 | $19,300 | $89,800 |
| 2018 | $1,833 | $109,100 | $19,300 | $89,800 |
| 2017 | $1,833 | $109,100 | $19,300 | $89,800 |
| 2016 | $1,833 | $109,100 | $19,300 | $89,800 |
| 2015 | $1,997 | $109,100 | $19,300 | $89,800 |
| 2014 | $1,701 | $95,000 | $38,100 | $56,900 |
| 2013 | $1,701 | $95,000 | $38,100 | $56,900 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2023
Derrick Buckspan
RE/MAX
(207) 939-0207
1 in this area
197 Total Sales
-
K
Seller's Agent in 2020
Karen Edwards
Biz Realty
(207) 674-2077
35 in this area
112 Total Sales
-
S
Seller's Agent in 2019
Shelly Everett
Biz Realty
Map
Source: Maine Listings
MLS Number: 1550629
APN: PARI-000008U-000000-000007
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