NOT LISTED FOR SALE

40 South St Bath, ME 04530

Bath Area
-- Beds
5 Baths
5,016 Sq Ft
8,712 Sq Ft Lot

Sale Details

Date Sold: July 9, 2021

Last sale price $475,000 $95 Per Sq Ft

5 Days on Market

Highlights

  • River Front
  • Wood Flooring
  • Zoned Heating
  • Federal Architecture
  • No HOA
  • 3-minute walk to Josephine Newman Sanctuary

About This Home

As of July 2021

Welcome to 40 South Street in beautiful Bath, Maine. This income producing 5 unit has much to offer. Each unit pays its own heat/electric with the landlord only paying water/sewer, plowing and yard/building maintenance. We will be having group showings starting Friday (5/21/21) from 5pm to 6pm, Saturday (5/22/21) from 10am to 12pm and Sunday (5/23/21) from 11am to 1pm. All offers should be submitted by Monday (5/24/21) at 5pm.

Last Agent to Sell the Property

Michael Princiotta

Keller Williams Realty Listed on: 05/19/2021

Keller Williams Realty

Last Buyer's Agent

Madeleine Hill

Coldwell Banker Realty

Coldwell Banker Realty
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,430

Year Built

  • Built in 1905

Lot Details

  • 8,712 Sq Ft Lot
  • River Front
  • Level Lot

Home Design

  • Federal Architecture
  • Flat Roof Shape
  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Membrane Roofing
  • Vinyl Siding

Interior Spaces

  • 5 Full Bathrooms
  • 5,016 Sq Ft Home
  • 3-Story Property
  • Water Views

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Unfinished Basement

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

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking
  • Off-Street Parking

Location

  • City Lot

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Heating System Mounted To A Wall or Window
  • Hot Water Heating System
  • Water Heated On Demand

Listing and Financial Details

  • Tax Lot 1,2
  • Assessor Parcel Number BTTH-000032-000000-000135

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Operating Expense $19,522
  • Gross Income $54,780

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,430

Year Built

Built in 1905

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2
  • Road Surface Type: Paved
  • Water Body Name: Kennebec
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 5016.0
  • Architectural Style: Federal, Multi-Level
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1905
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 79.55
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.2
  • Property Information:Total Baths: 5.0
  • Property Information:SqFt Finished Above Grade: 5016.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Water Heater:On Demand: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 5
  • Foundation Materials:BrickMortar2: Yes
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 54780.0
  • Income Expenses Operating Expenses: 19521.9
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Parking:Paved3: Yes
  • Style:Federal: Yes
  • Foundation Materials:Granite2: Yes
  • Roof:Membrane: Yes
  • Heat System:Direct Vent Furnace: Yes
  • Basement Entry:Exterior Only: Yes
  • Roof:Flat: Yes
  • Building Info:_pound_ Floors3: 3
  • Advertising Remarks:Advertising Remarks: Welcome to 40 South Street in beautiful Bath, Maine. This income producing 5 unit has much to offer. Each unit pays its own heat/electric with the landlord only paying water/sewer, plowing and yard/building maintenance. We will be having group showings starting Friday (5/21/21) from 5pm to 6pm, Saturday (5/22/21) from 10am to 12pm and Sunday (5/23/21) from 11am to 1pm. All offers should be submitted by Monday (5/24/21) at 5pm.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Bulkhead, Full, Exterior Entry, Exterior Only, Unfinished
  • Full Bathrooms: 5
  • Flooring: Wood, Vinyl, Other, Laminate, Carpet
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Intown, Near Town
  • Waterfront Features: River
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Granite, Brick/Mortar
  • Roof: Flat, Membrane, Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Paved, On Site, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Direct Vent Furnace
  • 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: 8712.0
  • Parcel #: BTTH-000032-000000-000135
  • Zoning: c2

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 54780.0
  • Annual Operating Expense: 19521.9

Tax Info

  • Tax Annual Amount: 6430.0
  • Tax Lot: 1,2
  • Tax Year: 2020

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
May 19, 2021
Closed on
Jul 9, 2021
Sold by
40 South Street Llc
Bought by
Seller's Agent
Michael Princiotta
Keller Williams Realty
Buyer's Agent
Madeleine Hill
Coldwell Banker Realty
List Price
$399,000
Sold Price
$475,000
Premium/Discount to List
$76,000
19.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Outstanding Balance
$262,387
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Apr 15, 2017
Closed on
Jun 12, 2017
Sold by
40 South Street Llc
Bought by
40 South Street Llc
Seller's Agent
Geniene Marco
RE/MAX Riverside
Buyer's Agent
Steven Chicoine
Rizzo Mattson
List Price
$315,000
Sold Price
$315,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.56%
Original Mortgage
$236,250
Interest Rate
4.03%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 27, 2015
Closed on
Sep 2, 2015
Sold by
Pouliot Apartments Llc
Bought by
40 South Street Llc
Seller's Agent
Michael Baribeau
Century 21 North East
Buyer's Agent
Theresa Fasciana
RE/MAX Riverside
List Price
$297,500
Sold Price
$280,000
Premium/Discount to List
-$17,500
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.72%
Original Mortgage
$223,000
Interest Rate
4.07%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- None Available
40 South Street Llc -- --
40 South Street Llc -- --
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 $295,000
Previous Owner 40 South Street Llc $236,250
Previous Owner 40 South Street Llc $223,000
Closed Pouliot David $15,000
Closed Pouliot David $125,000
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 Prior Sale
07/09/2021 07/09/21 Sold $475,000 +19.0% $95 / Sq Ft
05/25/2021 05/25/21 Pending -- -- --
05/19/2021 05/19/21 For Sale $399,000 +26.7% $80 / Sq Ft
06/08/2017 06/08/17 Sold $315,000 0.0% $63 / Sq Ft View Prior Sale
04/18/2017 04/18/17 Pending -- -- --
04/15/2017 04/15/17 For Sale $315,000 +12.5% $63 / Sq Ft
08/18/2015 08/18/15 Sold $280,000 -5.9% $56 / Sq Ft View Prior Sale
06/24/2015 06/24/15 Pending -- -- --
05/22/2015 05/22/15 For Sale $297,500 -- $59 / Sq Ft
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 $8,377 $520,300 $110,600 $409,700
2024 $7,968 $482,900 $109,500 $373,400
2023 $6,236 $369,000 $88,900 $280,100
2022 $6,559 $321,500 $70,000 $251,500
2021 $6,526 $321,500 $70,000 $251,500
2020 $6,430 $321,500 $70,000 $251,500
2019 $6,366 $321,500 $70,000 $251,500
2018 $6,666 $305,800 $55,000 $250,800
2017 $6,529 $305,800 $55,000 $250,800
2016 $6,533 $309,600 $55,000 $254,600
2015 $6,409 $309,600 $55,000 $254,600
2014 $6,254 $309,600 $55,000 $254,600
2013 $6,081 $309,600 $55,000 $254,600
Source: Public Records

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Map

Source: Maine Listings

MLS Number: 1492367

Maine Listings
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