Seller's Agent in 2024
Anne Erwin Real Estate
Anne Erwin Sotheby's International Realty
(207) 370-5406
6 in this area
715 Total Sales
37 Lower Main St North Berwick, ME 03906
North Berwick NeighborhoodEstimated Value: $575,106
5
Beds
2
Baths
2,536
Sq Ft
$227/Sq Ft
Est. Value
Highlights
- Barn
- Wood Flooring
- Main Floor Bedroom
- 1.5 Acre Lot
- New Englander Architecture
- Attic
About This Home
As of April 2024This is a rare opportunity to purchase a gorgeously renovated investment property in the heart of charming North Berwick. One of the two units is currently vacant, ready for immediate rental or owner occupancy. Not only does this home feature two spacious rental units with separate utilities, there is an attached 2-car barn with storage above, and a potential buildable lot (yet to be split, subject to buyer's own investigations) for even more value! This lovely property has beautiful stately maple trees along the driveway and a sidewalk in front of the home offering easy access to the quaint downtown area with restaurants, or to the Canal Street Playground. The home is a mile away from Pratt & Whitney and only 10 miles/15 minutes to Southern Maine's famed beaches. The first floor unit, Unit A, is currently vacant and features details such as exposed brick in the kitchen, and wide board flooring in one of the rooms combined with many modern amenities and high-end fixtures. It offers 3 bedrooms, 1 bath, a living room, a formal dining room, recently updated kitchen, spacious entry with laundry, a mudroom, and a work/storage room. This unit has soaring ceilings in the primary bedroom and living room and a large private porch. The second floor unit, Unit B, has a great layout and flow. It features 3 spacious bedrooms, 1 bath, a renovated eat-in-kitchen with Viking stove and granite countertops, a living room, and bonus room. This unit also marries antique characteristics with modern design and also has a large private porch off of the living space. Unit B is rented through 2/28/25 at $2,335. Adding value to your investment, the driveway is newly paved and there is a paver patio that services both units.
Last Listed By
Anne Erwin Sotheby's International Realty Brokerage Phone: 207-363-6640 Listed on: 03/13/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,606
Year Built
- Built in 1821
Lot Details
- 1.5 Acre Lot
- Level Lot
Parking
- 2 Car Direct Access Garage
- Parking Storage or Cabinetry
- Driveway
Home Design
- Duplex
- New Englander Architecture
- Farmhouse Style Home
- Brick Foundation
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Metal Roof
- Wood Siding
Interior Spaces
- 2,536 Sq Ft Home
- 2-Story Property
- Laundry on main level
- Attic
Flooring
- Wood
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- Main Floor Bedroom
- 2 Full Bathrooms
- Bathtub
- Shower Only
Unfinished Basement
- Interior and Exterior Basement Entry
- Crawl Space
Outdoor Features
- Patio
- Porch
Location
- Property is near a golf course
- City Lot
Farming
- Barn
Utilities
- No Cooling
- Heating System Uses Oil
- Heating System Uses Steam
- Natural Gas Not Available
- Electric Water Heater
Listing and Financial Details
- Tax Lot 139
- Assessor Parcel Number NBER-000018-000000-000139
Community Details
Overview
- No Home Owners Association
- 2 Units
Amenities
- Community Storage Space
Building Details
- Operating Expense $9,697
- Gross Income $53,220
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 13, 2024
Closed on
Apr 29, 2024
Sold by
Ouellette Properties Llc
Bought by
Waterman Michael G and Waterman Kristina M
Seller's Agent
Anne Erwin Real Estate
Anne Erwin Sotheby's International Realty
Buyer's Agent
Nola Cady
RE/MAX Realty One
List Price
$610,000
Sold Price
$565,000
Premium/Discount to List
-$45,000
-7.38%
Total Days on Market
72
Views
217
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
$10,106
Avg. Annual Appreciation
1.72%
Original Mortgage
$423,750
Outstanding Balance
$419,614
Interest Rate
6.74%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$155,492
Purchase Details
Listed on
Apr 22, 2017
Closed on
Jun 12, 2017
Sold by
George P Parton 3Rd Ret and Parton
Bought by
Ouellette Properties Llc
Seller's Agent
Janna Syrene
Bean Group
Buyer's Agent
Pamela Maxon
Moody Maxon Real Estate
List Price
$234,900
Sold Price
$235,026
Premium/Discount to List
$126
0.05%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.56%
Original Mortgage
$188,000
Interest Rate
4.03%
Mortgage Type
New Conventional
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 |
|---|---|---|---|
| Waterman Michael G | -- | None Available | |
| Waterman Michael G | -- | None Available | |
| Ouellette Properties Llc | -- | -- | |
| Ouellette Properties Llc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Waterman Michael G | $423,750 | |
| Closed | Waterman Michael G | $423,750 | |
| Previous Owner | Ouellette Properties Llc | $188,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/29/2024 04/29/24 | Sold | $565,000 | -7.4% | $223 / Sq Ft |
| 04/02/2024 04/02/24 | Pending | -- | -- | -- |
| 03/13/2024 03/13/24 | For Sale | $610,000 | 0.0% | $241 / Sq Ft |
| 01/22/2024 01/22/24 | Pending | -- | -- | -- |
| 01/20/2024 01/20/24 | For Sale | $610,000 | +159.5% | $241 / Sq Ft |
| 06/08/2017 06/08/17 | Sold | $235,026 | +0.1% | $93 / Sq Ft |
| 05/02/2017 05/02/17 | Pending | -- | -- | -- |
| 04/22/2017 04/22/17 | For Sale | $234,900 | -- | $93 / 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 | $4,578 | $457,800 | $114,000 | $343,800 |
| 2023 | $4,158 | $386,800 | $96,500 | $290,300 |
| 2022 | $3,606 | $323,400 | $83,500 | $239,900 |
| 2021 | $3,291 | $301,900 | $83,500 | $218,400 |
| 2020 | $3,250 | $273,100 | $75,600 | $197,500 |
| 2019 | $3,227 | $261,300 | $72,500 | $188,800 |
| 2018 | $3,199 | $248,000 | $72,500 | $175,500 |
| 2017 | $3,125 | $248,000 | $72,500 | $175,500 |
| 2016 | $3,125 | $248,000 | $72,500 | $175,500 |
| 2015 | $3,125 | $248,000 | $72,500 | $175,500 |
| 2013 | $3,088 | $248,000 | $72,500 | $175,500 |
Source: Public Records
Agents Affiliated with this Home
-
Anne Erwin Real Estate
-
N
Buyer's Agent in 2024
Nola Cady
RE/MAX
-
J
Seller's Agent in 2017
Janna Syrene
Bean Group
-
Pamela Maxon
P
Buyer's Agent in 2017
Pamela Maxon
Moody Maxon Real Estate
(207) 251-3585
2 in this area
310 Total Sales
Map
Source: Maine Listings
MLS Number: 1580295
APN: NBER-000018-000000-000139
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Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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