NOT LISTED FOR SALE

39 Madison Ave Madison, ME 04950

Estimated Value: $153,000 - $234,000

4 Beds
2 Baths
2,592 Sq Ft
$71/Sq Ft Est. Value

Last Sold October 04, 2023

Last sale price $151,000 $58 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,132/month

32 Days on Market

Highlights

  • Nearby Water Access
  • No HOA
  • Tankless Water Heater
  • Cape Cod Architecture
  • Bathtub
  • Forced Air Heating System

About This Home

As of October 2023

Great opportunity to owner occupy, renting the 2nd apartment to help pay the mortgage. 1 - 3 bedroom and 1 - 2 bedroom apartment. All tenants are on a month to month lease. Located within walking distance to downtown. Schedule your showing today! Wednesdays are best for showings. Pets on premises.

Last Agent to Sell the Property

Dawn Dickey

Allied Realty Listed on: 08/03/2023

Last Buyer's Agent

Kirk Toth

Strategic Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,294

Year Built

  • Built in 1900

Lot Details

  • 5,663

Home Design

  • 2,592 Sq Ft Home
  • Duplex
  • Cape Cod Architecture
  • Brick Foundation
  • Concrete Foundation
  • Wood Frame Construction
  • Metal Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 2 Full Bathrooms
  • Bathtub

Unfinished Basement

  • Interior Basement Entry
  • Dirt Floor

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Nearby Water Access
  • River Nearby

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Heating System Mounted To A Wall or Window
  • Tankless Water Heater

Additional Features

  • 5,663 Sq Ft Lot
  • City Lot

Listing and Financial Details

  • Tax Lot 136
  • Assessor Parcel Number MADN-000019-000000-000136

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $12,366
  • Gross Income $7,775

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,294

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.13
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: GPS friendly
  • Above Grade Finished Sq Ft: 2592.0
  • Architectural Style: Duplex, Cape
  • Garage Yn: No
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.13
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2592.0
  • Property Information:Garage: No
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Forced Air: Yes
  • Heat Fuel:Oil: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Style:Cape: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Roof:Metal: Yes
  • Water Heater:Tankless: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:BrickMortar2: Yes
  • Income Expenses Gross Income: 7775.0
  • Income Expenses Operating Expenses: 12366.0
  • Amenities:Bathtub: Yes
  • Basement:Dirt Floor: Yes
  • Style:Duplex: Yes
  • Recreational Water:Nearby: Yes
  • Recreational Water:RiverBrookStream: Yes
  • Heat System:Direct Vent Heater: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Dirt Floor, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Flooring: Vinyl, Laminate, Carpet
  • Interior Amenities: Bathtub

Exterior Features

  • Lot Features: Sidewalks, Intown
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter, Brick/Mortar
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Direct Vent Heater
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Schools

  • Junior High Dist: RSU 59/MSAD 59

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5662.8
  • Parcel #: MADN-000019-000000-000136
  • Zoning: none

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 7775.0
  • Annual Operating Expense: 12366.0

Tax Info

  • Tax Annual Amount: 1294.0
  • Tax Book Number: 4373
  • Tax Lot: 136
  • Tax Map Number: 19
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2023
Closed on
Oct 4, 2023
Sold by
Staph Michael and Matta Kelley
Bought by
Poulos Kevin and Poulos Heather
Seller's Agent
Dawn Dickey
Allied Realty
Buyer's Agent
Kirk Toth
Strategic Real Estate Services
List Price
$180,000
Sold Price
$151,000
Premium/Discount to List
-$29,000
-16.11%
Current Estimated Value
$184,476

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,476
Avg. Annual Appreciation
11.11%
Original Mortgage
$113,250
Outstanding Balance
$111,271
Interest Rate
7.23%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$73,205

Purchase Details

Closed on
Mar 4, 2011
Sold by
Lusky Carl L and Lusky Rosemary G
Bought by
Baum Aaron C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,769
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 6, 2010
Sold by
Franzose Jasmine M and Foss Michael A
Bought by
Lusky Rosemary G and Lusky Julie R

Purchase Details

Closed on
Jul 13, 2005
Sold by
Franzose Kenneth
Bought by
Franzose Jasmine M and Foss Michael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
5.54%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Poulos Kevin $151,000 None Available
Baum Aaron C -- --
Lusky Rosemary G -- --
Franzose Jasmine M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Poulos Kevin $113,250
Previous Owner Baum Aaron C $85,769
Previous Owner Franzose Jasmine $35,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2023 10/04/23 Sold $151,000 -16.1% $58 / Sq Ft
09/04/2023 09/04/23 Pending -- -- --
08/03/2023 08/03/23 For Sale $180,000 -- $69 / 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 $1,517 $94,200 $16,600 $77,600
2023 $1,363 $81,600 $14,100 $67,500
2022 $1,294 $69,600 $10,700 $58,900
2021 $1,289 $66,400 $10,200 $56,200
2020 $1,356 $63,800 $10,200 $53,600
2019 $1,343 $63,200 $10,100 $53,100
2018 $1,359 $63,200 $10,100 $53,100
2017 $1,359 $63,200 $10,100 $53,100
2016 $1,169 $63,200 $10,100 $53,100
2015 $1,232 $63,200 $10,100 $53,100
2014 $1,232 $63,200 $10,100 $53,100
2013 -- $63,200 $10,100 $53,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1567591

Maine Listings

APN: MADN-000019-000000-000136