NOT LISTED FOR SALE

4 Summer St Orono, ME 04473

Orono Area
-- Bed
4.5 Baths
-- Sq Ft
0.25 Acre Lot

Sale Details

Date Sold: March 1, 2016

Last sale price $275,000

2 Days on Market

Highlights

  • Country Club
  • Wood Flooring
  • Attic
  • Orono Middle School Rated A-
  • Main Floor Bedroom
  • Corner Lot

About This Home

As of March 2016

Rare opportunity to purchase a turn key 4 unit, fully occupied rental property in the heart of Orono! Walking distance to all that Orono has to offer downtown. Great rental history. Building contains a 4 bed 1.5 bath unit with w/d hook ups, a 1 bed 1 bath, a 2 bed 1 bath and a studio. On the bus route. Short walk to UMaine Campus. Heating system on Natural Gas. Hardwood floors throughout. Spacious units. All leased through May 2016.

Last Agent to Sell the Property

Chad Bradbury

Bean Group Listed on: 12/08/2015

Last Buyer's Agent

Chad Bradbury

ERA Dawson-Bradford Co.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,140

Year Built

  • Built in 1842

Lot Details

  • 10,890 Sq Ft Lot
  • Corner Lot
  • Level Lot
  • Open Lot

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Clap Board Siding
  • Clapboard

Interior Spaces

  • 2-Story Property
  • Laundry on main level
  • Attic

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Bathtub

Unfinished Basement

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

Parking

  • Common or Shared Parking
  • Gravel Driveway
  • Shared Driveway

Location

  • Property is near golf course
  • City Lot

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Electric Water Heater
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 028 / 012
  • Assessor Parcel Number 4summerstreetoronomaine

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Recreation

  • Country Club

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,140

Year Built

Built in 1842

Lot Details

0.25 Acres

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.25
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Heading north on Main Street in Orono, right onto Mill Street, left onto Summer Street. Property is on the left on the corner of Summer and Oak.
  • Architectural Style: Multi-Level
  • Building Stories: 2
  • Year Built: 1842
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.25
  • Property Information:Total Baths: 5.0
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: 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
  • Gas:Natural - On Site: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 3
  • Exterior:Clapboard: Yes
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 2
  • Style:Multi-Level: Yes
  • Amenities:Bathtub: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Amenities:Attic: Yes
  • Driveway:Gravel: Yes
  • Equipment:Internet Access Available: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Equipment:Cable: Yes
  • Location:Near Country Club: Yes
  • Advertising Remarks:Advertising Remarks: Rare opportunity to purchase a 4 unit, fully occupied rental property in the heart of Orono! Walking distance to all that Orono has to offer downtown. Great rental history. Building contains a 4 bed 1.5 bath unit with w/d hook ups, a 1 bed 1 bath, a 2 bed 1 bath and a studio. On the bus route. Short walk to UMaine Campus. Heating system on Natural Gas. Hardwood floors throughout. Spacious units. All leased through May 2016.
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Flooring: Wood, Vinyl
  • Interior Amenities: 1st Floor Bedroom, Attic, Bathtub
  • Full Basement: Yes

Exterior Features

  • Lot Features: Corner Lot, Level, Open Lot, Intown, Near Golf Course
  • Waterfront: No
  • Construction Type: Clapboard, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Gravel, Common

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • 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: 10890.0
  • Parcel #: 4summerstreetoronomaine
  • Zoning: Village Commercial

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 6140.0
  • Tax Block: 012
  • Tax Lot: 028
  • Tax Year: 15

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2015
Closed on
Mar 1, 2016
Sold by
Bought by
Seller's Agent
Chad Bradbury
Bean Group
Buyer's Agent
Chad Bradbury
Bean Group
List Price
$275,000
Sold Price
$275,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
0.0392%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
0.0499%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $220,000
Closed $150,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/01/2016 03/01/16 Sold $275,000 0.0% --
12/11/2015 12/11/15 Pending -- -- --
12/08/2015 12/08/15 For Sale $275,000 -- --
Source: Maine Listings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $7,122 $357,900 $62,200 $295,700
2024 $7,003 $328,000 $57,000 $271,000
2023 $6,978 $298,200 $51,800 $246,400
2022 $7,097 $298,200 $51,800 $246,400
2021 $7,082 $298,200 $51,800 $246,400
2020 $6,927 $246,600 $29,200 $217,400
2019 $6,523 $246,600 $29,200 $217,400
2018 $6,658 $246,600 $29,200 $217,400
2017 $6,412 $246,600 $29,200 $217,400
2016 $6,128 $246,600 $29,200 $217,400
2015 $6,140 $246,600 $29,200 $217,400
2014 $6,005 $246,600 $29,200 $217,400
2013 $5,844 $246,600 $29,200 $217,400
Source: Public Records

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Map

Source: Maine Listings

MLS Number: 1245817

Maine Listings
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