NOT LISTED FOR SALE

37 E Main St Searsport, ME 04974

Estimated Value: $225,093 - $335,000

Studio
-- Bath
5,400 Sq Ft
$52/Sq Ft Est. Value

Last Sold March 13, 2020

Last sale price $129,000 $24 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $1,309/month

7 Days on Market

Highlights

  • Nearby Water Access
  • No HOA
  • Property is near golf course
  • Wood Flooring
  • Baseboard Heating
  • 5-minute walk to Mosman Park

About This Home

As of March 2020

Lots of potential in this 3 story bring 1850's property. 1/2 row house zoned commercial. 2 store front units w/basements. 5 residential units on the upper floor. Some apartments offer ocean views. Updates are required for occupancy.

Last Agent to Sell the Property

Joseph Mullins

CENTURY 21 Queen City Real Estate Listed on: 01/22/2020

CENTURY 21 Queen City Real Estate

Last Buyer's Agent

Joseph Mullins

CENTURY 21 Queen City Real Estate Listed on: 01/22/2020

CENTURY 21 Queen City Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,192

Year Built

  • Built in 1850

Lot Details

  • 2,614 Sq Ft Lot
  • Level Lot

Parking

  • No Driveway

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Masonry

Flooring

  • Wood
  • Tile
  • Vinyl

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Outdoor Features

  • Nearby Water Access

Location

  • Property is near golf course
  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • 7 Units

Listing and Financial Details

  • Tax Lot 26+27
  • Assessor Parcel Number 37-39eastmainstreet

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,192

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.06
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: 37-39 East Main Street.
  • Architectural Style: Other Style
  • Garage Yn: No
  • Year Built: 1850
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.06
  • 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
  • Heat System:Baseboard: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Property Information:Number of Units: 7
  • Foundation Materials:BrickMortar2: Yes
  • Roof:Pitched: Yes
  • Recreational Water:Nearby: Yes
  • Driveway:No Driveway: Yes
  • Parking:No Parking: Yes
  • Exterior:Brick: Yes
  • Foundation Materials:Granite2: Yes
  • Construction:Masonry: Yes
  • Advertising Remarks:Advertising Remarks: Lots of potential in this 3 story bring 1850's property. 1/2 row house zoned commercial. 2 store front units w/basements. 5 residential units on the upper floor. Some apartments offer ocean views. Updates are required for occupancy.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Interior Entry
  • Fireplace: No
  • Flooring: Wood, Vinyl, Tile, Other
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Intown, Near Golf Course, Near Shopping
  • Waterfront: No
  • Construction Type: Brick, Masonry, Wood Frame
  • Foundation Details: Granite, Brick/Mortar
  • Roof: Pitched

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Driveway, None

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2613.6
  • Parcel #: 37-39eastmainstreet
  • Zoning: commercial

Multi Family

  • Number Of Units Total: 7

Tax Info

  • Tax Annual Amount: 3192.0
  • Tax Lot: 26+27
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2020
Closed on
Mar 13, 2020
Sold by
Mclellan Edward and Mclellan Anita
Bought by
Pro Construction & Dev
Seller's Agent
Joseph Mullins
CENTURY 21 Queen City Real Estate
Buyer's Agent
Joseph Mullins
CENTURY 21 Queen City Real Estate
List Price
$129,000
Sold Price
$129,000
Current Estimated Value
$225,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,000
Avg. Annual Appreciation
14.19%
Original Mortgage
$70,000
Outstanding Balance
$61,728
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$218,319

Purchase Details

Closed on
Jan 17, 2017
Sold by
Bayview Loan Svcing Ll
Bought by
Mclellan Anita and Mclellan Edward

Purchase Details

Closed on
Aug 3, 2015
Sold by
Bayview Loan Servicing
Bought by
Bayview Loan Servicing
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Pro Construction & Dev -- None Available
Pro Construction & Dev -- None Available
Mclellan Anita $56,175 --
Mclellan Anita $56,175 --
Bayview Loan Servicing -- --
Bayview Loan Servicing -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pro Construction & Dev $70,000
Closed Pro Construction & Dev $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/13/2020 03/13/20 Sold $129,000 0.0% $24 / Sq Ft
01/30/2020 01/30/20 Pending -- -- --
01/22/2020 01/22/20 For Sale $129,000 -- $24 / 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 $1,587 $69,300 $35,800 $33,500
2023 $1,400 $69,300 $35,800 $33,500
2022 $1,337 $69,300 $35,800 $33,500
2021 $1,310 $69,300 $35,800 $33,500
2020 $1,296 $69,300 $35,800 $33,500
2019 $1,282 $69,300 $35,800 $33,500
2018 $1,282 $69,300 $35,800 $33,500
2017 $2,638 $109,010 $36,700 $72,310
2016 $3,124 $130,700 $36,700 $94,000
2015 $3,098 $130,700 $36,700 $94,000
2014 $2,967 $130,700 $36,700 $94,000
2013 -- $130,700 $36,700 $94,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1442965

Maine Listings

APN: SEAP-000012-000000-000027