NOT LISTED FOR SALE

4 Merriam St Berwick, ME 03901

8 Beds
12 Baths
6,930 Sq Ft
0.5 Acres

Last Sold February 08, 2021

Last sale price $1,250,000 $180 Per Sq Ft

48 Days on Market

Highlights

  • Corner Lot
  • Carpet
  • Garden Home
  • Forced Air Heating System

About This Home

As of February 2021

*All units pay separately metered electricity, propane FHA heat and CATV. *Town water and sewer paid by landlord, billed quarterly. *Each unit has a pull down staircase for large attic storage space caged off from others *Total gut rehab in 1988. No lead paint or asbestos. 2 hardwire smoke/CO in each unit *Heavy wooden plank floors poured with gypcrete. Fiberglass insulation: 6" in *Outside and common walls and under floor; 9" in ceiling *Harvey double pane vinyl windows, vinyl siding, steel entrance doors with peep hole *Kitchens have 14' of oak cabinets with Fornica counters with pass through bar. *Cathedral ceilinged living room. Electric range & refrigerator but no d/w or disposal. *Baths have one piece fibreglas tub & shower with vanity sink and 24" w/d hook-up. *Building is 168' by 42' deep over craw space on concrete piers. No common area. *New roof in 2016. Paved parking for 20 cars on 26,628 SF corner lot. Tool shed. *Map U-1, Lot 103; zoning Urban Residential R-1. Quiet residential neighborhood *Parking for 18 to 20 Cars. *All master keyed, easy to manage and quick to turn around move-outs.

Last Agent to Sell the Property

Jessica Smith

Winsor Brook Property Advisors/Dover License #050263 Listed on: 10/07/2020

Last Buyer's Agent

Jessica Smith

Winsor Brook Property Advisors/Dover License #050263 Listed on: 10/07/2020

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $10,486

Year Built

  • Built in 1945

Lot Details

  • 0.5 Acre Lot
  • Corner Lot
  • Lot Sloped Up

Parking

  • Paved Parking

Home Design

  • Garden Home
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 12 Full Bathrooms
  • 6,930 Sq Ft Home
  • 1.5-Story Property
  • Carpet
  • Crawl Space

Schools

  • Noble Middle School
  • Noble High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Gas
  • Separate Meters
  • Underground Utilities
  • 100 Amp Service
  • Electric Water Heater
  • Community Sewer or Septic
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 103
  • 19% Total Tax Rate

Community Details

Overview

  • 12 Units

Building Details

  • 12 Separate Gas Meters
  • Operating Expense $22,153
  • Gross Income $135,960
  • Net Operating Income $104,720

Property Details

Home Type

Apartment

Est. Annual Taxes

$10,486

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building, Garden
  • Assessment Amount: 543100
  • Assessment Year: 2020
  • Construction: Existing
  • Total Stories: 1.5
  • Price Per Sq Ft: 180.38
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 6930
  • Sq Ft - Apx Total Finished: 6930
  • Property Type: Multi-Family
  • Year Built: 1945
  • Remarks Public: This heavy timbered building on concrete piers was converted to apts in 1988, thus no lead paint. Flooring is carpet or vinyl on gypcrete over 2” thick wood planking, 2” x 6” exterior walls with fiberglass insulation, 6” insulation under floors, 9” in ceiling and 2”x 8” separation walls between units with 6” insulation. 5/8” fireguard sheetrock between units and two one-hour fire separations in attic. Exterior features vinyl siding, double pane tilt-in windows and freshly painted trim. Totally re-roofed in 2016. Each unit has pull down steps to individual attic storage. Cathedral ceiling in living rooms, open to bar top counter to galley kitchen. Kitchens have electric range and exhaust hood, frost free refrigerator, double bowl stainless steel sinks, 14’ of oak cabinets with Formica countertops. Baths have vanity and one-piece tub and shower unit and are plumbed and wired for stackable washer and dryer (not supplied by landlord). Each bedroom features a double size lighted closet. Individual electric water heaters and propane forced hot air furnaces in each unit. Ground fault interrupters and combination smoke/carbon monoxide detectors to code. Entrance doors have peep hole, deadbolt and adjustable threshold plus storm door with removable glass and screen panel. Very economical to heat. Underground propane tanks feed gas meters along rear wall, Rymes bills tenants directly. Landlord Common Electric Bill $13 for two street lights. No common area to heat or maintain.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet
  • Total Rooms Above Ground: 24
  • Basement Description: Crawl Space
  • Sq Ft - Apx Finished AG: 6930

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl Siding
  • Foundation: Slab - Concrete
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt

Garage/Parking

  • Parking: Paved

Utilities

  • Electric: 100 Amp
  • Fuel Company: Rymes
  • Sewer: Community
  • Water: Community
  • Water Heater: Electric
  • Heating Fuel: Gas - LP/Bottle
  • Heating: Forced Air
  • Cooling: Wall AC Units
  • Electric Company: CMP
  • Separate Utilities: Yes
  • Total Electric Meters: 13
  • Total Gas Meters: 12
  • Total Ranges: 12
  • Total Refrigerators: 12
  • Total Water Heaters: 12
  • Trash: Dumpster
  • Utilities: Cable - Available, Gas - Underground

Schools

  • Middle School: Noble Middle School
  • High School: Noble High School
  • High School: Noble High School

Lot Info

  • Map: U001
  • Lot: 103
  • Lot Sq Ft: 21780
  • Lot Acres: 0.5
  • Lot Description: Corner
  • Surveyed: Unknown
  • Zoning: R-1 Urban Residential
  • Deed Book: 4653
  • Deed Page: 0252
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 135960
  • Net Income: 104720
  • Total Full Baths: 12
  • Total Units: 12
  • Total1 Bedroom Units: 12

Tax Info

  • Taxes TBD: Yes
  • Tax Rate: 19.36
  • Tax Gross Amount: 10486.25
  • Tax Year: 2021

MLS Schools

  • School Middle Jr: Noble Middle School

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/08/2021 02/08/21 Sold $1,250,000 -15.3% $180 / Sq Ft
11/24/2020 11/24/20 Pending -- -- --
10/07/2020 10/07/20 For Sale $1,475,000 -- $213 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4832955

PrimeMLS