NOT LISTED FOR SALE

40 Main St Oakland, ME 04963

Estimated Value: $465,166

10 Beds
6 Baths
5,087 Sq Ft
$91/Sq Ft Est. Value

Last Sold May 22, 2024

Last sale price $438,000 $86 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,832/month

11 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Baseboard Heating

About This Home

As of May 2024

Looking to add to your rental portfolio? This very profitable and well maintained 6-unit would be a perfect fit for most investors. These units are fully occupied with some long term tenants that are in good standing. The units are well maintained and there is ample parking on site. Interior photos are available upon request.

Last Agent to Sell the Property

Dana Michaud

Coldwell Banker Plourde Real Estate Listed on: 03/25/2024

Coldwell Banker Plourde Real Estate

Last Buyer's Agent

Kara Bickford

Coldwell Banker Realty

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,805

Year Built

  • Built in 1900

Lot Details

  • 0.5

Home Design

  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 6 Full Bathrooms
  • 5,087 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Carpet
  • Vinyl

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Dirt Floor

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Natural Gas Not Available

Additional Features

  • 0.5 Acre Lot
  • City Lot

Listing and Financial Details

  • Tax Lot 112
  • Assessor Parcel Number OAKL-000015-000000-000112

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • Operating Expense $28,148
  • Gross Income $70,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,805

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.5
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Heading from Waterville towards Oakland on Kennedy Memorial Drive bear left onto Main Street. Property is on the left.
  • Above Grade Finished Sq Ft: 5087.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.5
  • Property Information:Total Baths: 6.0
  • Property Information:SqFt Finished Above Grade: 5087.0
  • Property Information:Garage: No
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Roof:Metal: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 6
  • Foundation Materials:Stone: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 70800.0
  • Income Expenses Operating Expenses: 28148.18
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Basement:Dirt Floor: Yes
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Foundation Materials:Granite2: Yes
  • Basement Entry:Exterior Only: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Dirt Floor, Walk-Out Access, Full, Interior Entry, Exterior Only
  • Full Bathrooms: 6
  • Flooring: Wood, Vinyl, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Sidewalks, Intown
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Stone, Granite
  • Roof: Metal, Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved, On Site

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • 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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 21780.0
  • Parcel #: OAKL-000015-000000-000112
  • Zoning: Residential

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 70800.0
  • Annual Operating Expense: 28148.18

Tax Info

  • Tax Annual Amount: 3805.0
  • Tax Book Number: 13932
  • Tax Lot: 112
  • Tax Map Number: 15
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2024
Closed on
May 22, 2024
Sold by
Treeline Properties Llc
Bought by
Gooding Property Mgmt Llc
Seller's Agent
Dana Michaud
Coldwell Banker Plourde Real Estate
Buyer's Agent
Kara Bickford
Coldwell Banker Realty
List Price
$439,000
Sold Price
$438,000
Premium/Discount to List
-$1,000
-0.23%
Views
14
Current Estimated Value
$465,166

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,166
Avg. Annual Appreciation
4.46%
Original Mortgage
$350,400
Outstanding Balance
$345,487
Interest Rate
6.88%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$119,679

Purchase Details

Listed on
Mar 16, 2015
Closed on
Oct 20, 2016
Sold by
Tlc Properties Llc
Bought by
Mckinnon Brian and Ames Jessica
Seller's Agent
Rachel Anderson
Coldwell Banker Plourde Real Estate
Buyer's Agent
Donald Plourde
Coldwell Banker Plourde Real Estate
List Price
$164,900
Sold Price
$155,000
Premium/Discount to List
-$9,900
-6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.65%
Original Mortgage
$124,000
Interest Rate
3.44%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 22, 2013
Sold by
Bar Harbor B & T
Bought by
Tlc Props Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
3.39%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 22, 2011
Sold by
Dodge Aaron D
Bought by
Metropolitan Rentals Llc
Source: Public Records

Range of Values:

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Average Value
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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
Gooding Property Mgmt Llc $438,000 None Available
Gooding Property Mgmt Llc $438,000 None Available
Mckinnon Brian -- --
Mckinnon Brian -- --
Tlc Props Llc -- --
Tlc Props Llc -- --
Metropolitan Rentals Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gooding Property Mgmt Llc $350,400
Closed Gooding Property Mgmt Llc $350,400
Previous Owner Mckinnon Brian $124,000
Previous Owner Tlc Props Llc $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/22/2024 05/22/24 Sold $438,000 -0.2% $86 / Sq Ft
04/06/2024 04/06/24 Pending -- -- --
03/25/2024 03/25/24 For Sale $439,000 +183.2% $86 / Sq Ft
10/18/2016 10/18/16 Sold $155,000 -6.0% $30 / Sq Ft View Prior Sale
09/06/2016 09/06/16 Pending -- -- --
03/16/2015 03/16/15 For Sale $164,900 -- $32 / 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 $4,389 $300,200 $23,100 $277,100
2023 $3,804 $264,200 $23,100 $241,100
2022 $3,817 $221,900 $21,000 $200,900
2021 $3,639 $221,900 $21,000 $200,900
2020 $3,639 $221,900 $21,000 $200,900
2019 $3,639 $221,900 $21,000 $200,900
2018 $3,639 $221,900 $21,000 $200,900
2017 $3,639 $221,900 $21,000 $200,900
2016 $3,439 $221,900 $21,000 $200,900
2015 $3,351 $221,900 $21,000 $200,900
2013 $3,062 $221,900 $21,000 $200,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1584934

Maine Listings

APN: OAKL-000015-000000-000112