NOT LISTED FOR SALE

Estimated Value: $756,572

-- Bed
10 Baths
7,352 Sq Ft
$103/Sq Ft Est. Value

Last Sold May 18, 2023

Last sale price $665,000 $90 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $4,157/month

2 Days on Market

Highlights

  • 0.22 Acre Lot
  • No HOA
  • Baseboard Heating
  • Wood Flooring
  • Zoned Heating
  • 4-minute walk to Kennedy Park

About This Home

As of May 2023

12% Cap Rate on this 10 unit building. All rents have recently been raised to market rate. Property offers (2) One bedroom units, (4) Two bedroom units, & (4) Three bedroom units. Property has also been through the city lead abatement program. In addition, the adjacent vacant lot #43 is also part of the sale. Currently being used for additional parking, this lot meets the requirements to build a 4 unit apartment building. Or use the lot as is and continue to allow tenants the convenience of off-street parking.

Last Agent to Sell the Property

Shawn McKillop

Coldwell Banker Team Real Estate Listed on: 04/04/2023

Last Buyer's Agent

Kaylin Dore

A Team Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,022

Year Built

  • Built in 1881

Lot Details

  • 9,583 Sq Ft Lot
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Wood Frame Construction
  • Pitched Roof
  • Membrane Roofing
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 10 Full Bathrooms
  • 7,352 Sq Ft Home
  • Multi-Level Property

Flooring

  • Wood
  • Vinyl

Unfinished Basement

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

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 290-291
  • Assessor Parcel Number LEWI-000196-000000-000291

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Building Details

  • Operating Expense $66,844
  • Gross Income $145,140

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,022

Year Built

Built in 1881

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.22
  • MLS Status: Closed
  • Directions: Near corner of Knox Street & Birch Street.
  • Above Grade Finished Sq Ft: 7352.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1881
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.22
  • Property Information:Total Baths: 10.0
  • Property Information:SqFt Finished Above Grade: 7352.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Water Heater:Gas: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Roof:Metal: Yes
  • Property Information:Number of Units: 10
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 145140.0
  • Income Expenses Operating Expenses: 66844.0
  • Style:Multi-Level: Yes
  • Roof:Pitched: Yes
  • Roof:Membrane: Yes
  • Parking:On Street: Yes
  • Roof:Flat: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 10
  • Flooring: Wood, Vinyl
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Near Shopping
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Flat, Membrane, Metal, Pitched

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Other, On 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: 9583.2
  • Parcel #: LEWI-000196-000000-000291
  • Zoning: DR

Multi Family

  • Number Of Units Total: 10
  • Annual Gross Income: 145140.0
  • Annual Operating Expense: 66844.0

Tax Info

  • Tax Annual Amount: 6022.0
  • Tax Book Number: 11127
  • Tax Lot: 290-291
  • Tax Map Number: 196
  • Tax Year: 2022

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Knox Street Prop Llc $502,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/18/2023 05/18/23 Sold $665,000 +2.3% $90 / Sq Ft
04/06/2023 04/06/23 Pending -- -- --
04/04/2023 04/04/23 For Sale $650,000 -- $88 / 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 $413 $13,000 $13,000 $0
2023 $390 $13,000 $13,000 $0
2022 $371 $13,000 $13,000 $0
2021 $367 $13,000 $13,000 $0
2020 $373 $13,000 $13,000 $0
2019 $376 $13,000 $13,000 $0
2018 $373 $13,000 $13,000 $0
2017 $364 $13,000 $13,000 $0
2016 $358 $13,000 $13,000 $0
2015 $356 $13,000 $13,000 $0
2014 $346 $13,000 $13,000 $0
2013 $344 $13,000 $13,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1555282

Maine Listings

APN: LEWI-000196-000000-000290