T
Seller's Agent in 2024
Tyler Stewart
Keller Williams Realty
(207) 213-7644
1 in this area
31 Total Sales
Estimated Value: $209,000 - $250,000
3
Beds
3
Baths
2,675
Sq Ft
$85/Sq Ft
Est. Value
Highlights
- River Front
- Tile Flooring
- Lot Has A Rolling Slope
- No HOA
- Baseboard Heating
About This Home
As of May 2024Check out this beautiful three-unit with many new upgrades! From a new roof and heating system, to a reinforced foundation, updated electrical, and a new sewer line, this property has it all! Conveniently located in town, 4 Otis Street boasts accessibility and convenience to shopping, schools, and other public amenities. At an 11.6% cap rate, this fully rented triplex is an amazing investment opportunity you won't want to miss!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,711
Year Built
- Built in 1900
Lot Details
- 9,583 Sq Ft Lot
- River Front
- Lot Has A Rolling Slope
Home Design
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 3 Full Bathrooms
- 2,675 Sq Ft Home
- Multi-Level Property
Flooring
- Tile
- Vinyl
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- Common or Shared Parking
- Shared Driveway
Utilities
- No Cooling
- Heating System Uses Oil
- Baseboard Heating
- Hot Water Heating System
- Oil Water Heater
Listing and Financial Details
- Tax Lot 54
- Assessor Parcel Number JAYY-000015-000000-000054
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- Operating Expense $15,882
- Gross Income $42,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 29, 2024
Closed on
May 31, 2024
Sold by
Andrews Management Llc
Bought by
Berry George M
Seller's Agent
Tyler Stewart
Keller Williams Realty
Buyer's Agent
Tim Dunham
Tim Dunham Realty
List Price
$225,000
Sold Price
$220,000
Premium/Discount to List
-$5,000
-2.22%
Views
29
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
$324
Avg. Annual Appreciation
3.10%
Original Mortgage
$216,015
Outstanding Balance
$213,795
Interest Rate
5.95%
Mortgage Type
FHA
Estimated Equity
$14,404
Purchase Details
Closed on
Jun 25, 2021
Sold by
By Eye Prop Mgmt Llc
Bought by
Maine Avenue Mgmt Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,100
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 5, 2006
Sold by
Lovely John and Lovely Melissa
Bought by
Churchill Robert F and Witherell James S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,000
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage
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 |
|---|---|---|---|
| Berry George M | $220,000 | None Available | |
| Berry George M | $220,000 | None Available | |
| Maine Avenue Mgmt Llc | -- | None Available | |
| Maine Avenue Mgmt Llc | -- | None Available | |
| Churchill Robert F | -- | -- | |
| Churchill Robert F | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Berry George M | $216,015 | |
| Closed | Berry George M | $216,015 | |
| Previous Owner | Andrews Management Llc | $1,029,600 | |
| Previous Owner | Maine Avenue Mgmt Llc | $89,100 | |
| Previous Owner | Churchill Robert F | $83,000 | |
| Previous Owner | Lovely John A | $50,200 | |
| Previous Owner | Lovely John A | $59,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/31/2024 05/31/24 | Sold | $220,000 | -2.2% | $82 / Sq Ft |
| 04/19/2024 04/19/24 | Pending | -- | -- | -- |
| 03/29/2024 03/29/24 | For Sale | $225,000 | -- | $84 / 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 | $2,593 | $117,870 | $10,740 | $107,130 |
| 2023 | $2,711 | $117,870 | $10,740 | $107,130 |
| 2022 | $1,185 | $57,800 | $10,740 | $47,060 |
| 2021 | $1,185 | $57,800 | $10,740 | $47,060 |
| 2020 | $1,012 | $57,800 | $10,740 | $47,060 |
| 2019 | $1,055 | $57,800 | $10,740 | $47,060 |
| 2018 | $1,170 | $57,800 | $10,740 | $47,060 |
| 2017 | $1,301 | $57,800 | $10,740 | $47,060 |
| 2016 | $1,220 | $57,800 | $10,740 | $47,060 |
| 2015 | $997 | $57,800 | $10,740 | $47,060 |
| 2014 | $910 | $57,800 | $10,740 | $47,060 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2024
Tim Dunham
Tim Dunham Realty
(207) 407-9707
3 in this area
390 Total Sales
Map
Source: Maine Listings
MLS Number: 1585239
APN: JAYY-000015-000000-000054
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