NOT LISTED FOR SALE
5 Beds
4 Baths
3,454 Sq Ft
0.31 Acre Lot

Sale Details

Date Sold: June 8, 2022

Last sale price $508,378 $147 Per Sq Ft

5 Days on Market

Highlights

  • Nearby Water Access
  • Wood Flooring
  • Attic
  • Colonial Architecture
  • Main Floor Bedroom
  • No HOA

About This Home

As of June 2022

Great in town investment opportunity in North Berwick! Two level, 4 unit multi-family just one block from downtown North Berwick and town park. Property offers a desirable mix of 1 and 2 bedroom apartments and a large parking lot. Recent improvements include new roof, new heating system, and updated flooring and kitchens. Unit 1 is a 2 bedroom apartment with porch, tall ceilings, charming exposed wood ceilings and a primary bedroom with bay window. Unit 2 is a 1 bedroom unit with entrance to both 2nd floor main lobby area and back. Unit 3 is 1 bedroom apartment that opens up to main 2nd floor lobby and exterior back with cozy kitchen area, light filled living room and bathroom. Unit 4 is a 1 bedroom apartment that opens up to main lobby and deck with great natural light, bay window and porch. All units are fully occupied with solid rental history and below market rents. Firepit area and decks. Easy access to Berwicks, Wells, Sanford, Dover and only 20 minutes to Maine coast and beaches. Come explore the possibilities in North Berwick! Offers are due by 9pm May 1st. Sellers will review Monday AM and the decision will be made by Monday PM.

Last Agent to Sell the Property

Troy Williams

Keller Williams Coastal and Lakes & Mountains Realty Listed on: 04/26/2022

Keller Williams Coastal and Lakes & Mountains Realty

Co-Listed By

Heidi Hayes

Keller Williams Coastal and Lakes & Mountains Realty

Last Buyer's Agent

Troy Williams

Keller Williams Coastal and Lakes & Mountains Realty Listed on: 04/26/2022

Keller Williams Coastal and Lakes & Mountains Realty
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

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,320

Year Built

  • Built in 1900

Lot Details

  • 13,504 Sq Ft Lot
  • Level Lot

Home Design

  • Colonial Architecture
  • Block Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,454 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Storage
  • Attic

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 4 Full Bathrooms
  • Bathtub

Unfinished Basement

  • Interior Basement Entry
  • Sump Pump

Parking

  • Gravel Driveway
  • On-Site Parking
  • Off-Street Parking

Outdoor Features

  • Nearby Water Access
  • Porch

Location

  • Property is near golf course
  • City Lot

Utilities

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

Listing and Financial Details

  • Tax Lot 32
  • Assessor Parcel Number NBER-000022-000000-000032

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $12,764
  • Gross Income $53,160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,320

Year Built

Built in 1900

Lot Details

0.31 Acres

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.31
  • Road Surface Type: Paved
  • Co List Office Phone: 207-475-0999
  • MLS Status: Closed
  • Directions: Exit 19 (Wells), Turn right onto ME-109, turn left onto North Berwick Road/Route 9 which will turn into Wells Street. Property is located on the right across from the Post Office. Parking in the rear of the building.
  • Above Grade Finished Sq Ft: 3454.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Efficiency: Double Pane Windows
  • Building Stories: 2
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 137.52
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.31
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 3454.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Location:Near Golf Course: 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
  • 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
  • Amenities:Storage: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Amenities:One-Floor Living: Yes
  • Basement:Unfinished: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 4
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 53160.0
  • Income Expenses Operating Expenses: 12764.0
  • Parking:On Site2: Yes
  • Foundation Materials:Block3: Yes
  • Amenities:Bathtub: Yes
  • Style:Colonial: Yes
  • Amenities:Attic: Yes
  • Recreational Water:Nearby: Yes
  • Driveway:Gravel: Yes
  • Equipment:Internet Access Available: Yes
  • Equipment:Cable: Yes
  • Energy Efficiency:Double Pane Windows: Yes
  • Basement:Sump Pump: Yes
  • Foundation Materials:Granite2: Yes
  • Building Info:_pound_ Floors3: 2
  • Advertising Remarks:Advertising Remarks: Great in town investment opportunity in North Berwick! Two level, 4 unit multi-family just one block from downtown North Berwick and town park. Property offers a desirable mix of 1 and 2 bedroom apartments and a large parking lot. Recent improvements include new roof, new heating system, and updated flooring and kitchens. Unit 1 is a 2 bedroom apartment with porch, tall ceilings, charming exposed wood ceilings and a primary bedroom with bay window. Unit 2 is a 1 bedroom unit with entrance to both 2nd floor main lobby area and back. Unit 3 is 1 bedroom apartment that opens up to main 2nd floor lobby and exterior back with cozy kitchen area, light filled living room and bathroom. Unit 4 is a 1 bedroom apartment that opens up to main lobby and deck with great natural light, bay window and porch. All units are fully occupied with solid rental history and below market rents. Firepit area and decks. Easy access to Berwicks, Wells, Sanford, Dover and only 20 minutes to Maine coast and beaches. Come explore the possibilities in North Berwick! Offers are due by 9pm May 1st. Sellers will review Monday AM and the decision will be made by Monday PM.
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Sump Pump, Interior Entry, Unfinished
  • Full Bathrooms: 4
  • Fireplace: No
  • Flooring: Wood, Vinyl, Carpet
  • Interior Amenities: 1st Floor Bedroom, Attic, Bathtub, One-Floor Living, Storage
  • Stories: 2

Exterior Features

  • Lot Features: Level, Sidewalks, Intown, Near Golf Course
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Block, Granite
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Baseboard
  • 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: 13503.6
  • Parcel #: NBER-000022-000000-000032
  • Zoning: Commercial 1

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 53160.0
  • Annual Operating Expense: 12764.0

Tax Info

  • Tax Annual Amount: 3320.0
  • Tax Lot: 32
  • Tax Year: 2021

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2022
Closed on
Jun 8, 2022
Sold by
Bought by
Seller's Agent
Troy Williams
Keller Williams Coastal and Lakes & Mountains Realty
Buyer's Agent
Troy Williams
Keller Williams Coastal and Lakes & Mountains Realty
List Price
$475,000
Sold Price
$508,378
Premium/Discount to List
$33,378
7.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$377,250
Outstanding Balance
$353,067
Interest Rate
5.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Oct 27, 2015
Closed on
Oct 6, 2016
Sold by
Bought by
Seller's Agent
Nathan Dickey
Keller Williams Coastal and Lakes & Mountains Realty
Buyer's Agent
Troy Williams
Keller Williams Coastal and Lakes & Mountains Realty
List Price
$215,000
Sold Price
$129,000
Premium/Discount to List
-$86,000
-40%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.15%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in North Berwick, ME

See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$508,378 None Available
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $377,250
Previous Owner $179,900
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/08/2022 06/08/22 Sold $508,378 +7.0% $147 / Sq Ft
05/02/2022 05/02/22 Pending -- -- --
04/26/2022 04/26/22 For Sale $475,000 +268.2% $138 / Sq Ft
11/28/2016 11/28/16 Sold $129,000 -40.0% $40 / Sq Ft View Prior Sale
07/28/2016 07/28/16 Pending -- -- --
10/27/2015 10/27/15 For Sale $215,000 -- $66 / Sq Ft
Source: Maine Listings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,514 $482,800 $94,500 $388,300
2024 $4,423 $442,300 $94,600 $347,700
2023 $4,040 $375,800 $80,100 $295,700
2022 $3,649 $327,300 $72,800 $254,500
2021 $3,319 $304,500 $72,800 $231,700
2020 $3,299 $277,200 $66,000 $211,200
2019 $3,281 $265,700 $63,400 $202,300
2018 $3,247 $251,700 $63,400 $188,300
2017 $3,171 $251,700 $63,400 $188,300
2016 $3,171 $251,700 $63,400 $188,300
2015 $3,171 $251,700 $63,400 $188,300
2013 $3,134 $251,700 $63,400 $188,300
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Maine Listings

MLS Number: 1526018

Maine Listings
Your Personal Tour Guide

Ask me questions while you tour the home.