NOT LISTED FOR SALE

40 Spring St Old Town, ME 04468

Estimated Value: $243,000 - $334,195

3 Beds
2.5 Baths
1,659 Sq Ft
$181/Sq Ft Est. Value

Last Sold August 05, 2022

Last sale price $286,000 $172 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $1,821/month

5 Days on Market

Highlights

  • Nearby Water Access
  • Colonial Architecture
  • Wood Flooring
  • River Front
  • Deck
  • 3-minute walk to Old Town Parks & Recreation

About This Home

As of August 2022

Spacious and recently renovated two-unit home is conveniently located near the UMO campus, shopping, downtown Orono, and I-95. However, it is tucked away on a lovely side street with a 0.5 acre lot and across the street from the Stillwater River. The main house offers an attached garage with direct entry to a large mudroom with an adjacent full bath with a convenient first floor washing machine and dryer. In the 1900-built portion of the home, high ceilings and original wood floors offer period charm. The stylish and sunny renovated kitchen features banks of windows above the kitchen sink overlooking the new side deck and lush side yard. This large eat-in-kitchen flows into the front double living, which is large enough for a formal dining area. Upstairs are three bedrooms and a handy half bath as well as walk-up access to an unfinished attic for storage or room to expand. At the back of the building is the large one bedroom apartment that is privately situated above the garage. Exterior access to this apartment is from the newly added back stairway and large deck. This private outdoor space is an attractive element to any tenant. The apartment features an open concept floor plan with luxury vinyl plank floors and a great working kitchen that is just a few years young. Off the kitchen is a utility nook with washer and dryer, which is another appealing element to any tenant. A hallway behind the kitchen leads to the full bath and the large bedroom. If what you need is a connected in-law situation or just a larger single-family home, a wall in this apartment's bedroom can be opened back up to connect once more to the upstairs hallway of the front apartment. Showings will begin Saturday, May 28th. The front apartment is vacant, but the back apartment is occupied and tenants must have 24-hour notice.

Last Agent to Sell the Property

Venise Bard

Better Homes & Gardens Real Estate/The Masiello Group Listed on: 05/27/2022

Better Homes & Gardens Real Estate/The Masiello Group

Last Buyer's Agent

Christina Patin

NextHome Experience

NextHome Experience

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,613

Year Built

  • Built in 1900

Lot Details

  • 0.55 Acre Lot
  • River Front
  • Interior Lot
  • Level Lot
  • Open Lot

Parking

  • 2 Car Direct Access Garage
  • Automatic Garage Door Opener
  • Garage Door Opener
  • Gravel Driveway

Property Views

  • Water
  • Scenic Vista

Home Design

  • Colonial Architecture
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,659 Sq Ft Home
  • Living Room

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • In-Law or Guest Suite
  • Bathtub

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Unfinished Basement

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

Outdoor Features

  • Nearby Water Access
  • Deck

Location

  • City Lot

Utilities

  • Cooling Available
  • Zoned Heating
  • Heating System Uses Oil
  • Heat Pump System
  • Baseboard Heating
  • Hot Water Heating System

Community Details

  • No Home Owners Association
  • Community Storage Space

Listing and Financial Details

  • Tax Lot 46
  • Assessor Parcel Number OLDN-000015-000000-000046

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,613

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.55
  • Road Surface Type: Paved
  • Water Body Name: Stillwater River
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1659.0
  • Architectural Style: Colonial
  • Garage Yn: Yes
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Contract Information:List PriceSqFt: 165.64
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.55
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 1659.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Storage: Yes
  • Property Information:Garage Spaces: 2.0
  • Exterior:Vinyl Siding: Yes
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Cooling:Heat Pump3: Yes
  • Amenities:Laundry - Hookup: Yes
  • Vehicle Storage:Auto Door Opener: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Vehicle Storage:Direct Entry to Living: Yes
  • Living Room:Living Room: Yes
  • Foundation Materials:Stone: Yes
  • Heat System:Multi-Zones: Yes
  • Parking:On Site2: Yes
  • Amenities:Bathtub: Yes
  • Style:Colonial: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Recreational Water:Nearby: Yes
  • Driveway:Gravel: Yes
  • Property Information:Deed Restrictions: Unknown
  • View:Scenic: Yes
  • Basement:Sump Pump: Yes
  • Amenities:In-Law Apartment: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None

Interior Features

  • Has Basement: Full, Sump Pump, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: No
  • Interior Amenities: Bathtub, In-Law Floorplan, Storage
  • Full Basement: Yes
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bedroom 4 Bedroom 4 Level: Second
  • Kitchen Kitchen Level: First
  • Living Room Living Room Level: First
  • Bedroom 1:Bedroom 1 Level: Second
  • Location:Interior Lot: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Interior Lot, Intown, Near Shopping, Near Turnpike/Interstate, Neighborhood
  • View: Scenic
  • Waterfront Features: River
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Stone, Concrete Perimeter
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: 1 - 4 Spaces, Gravel, On Site, Garage Door Opener, Inside Entrance

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level, Washer Hookup
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Multi-Zones, Hot Water, Heat Pump, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 23958.0
  • Parcel #: OLDN-000015-000000-000046
  • Zoning: RES

Tax Info

  • Tax Annual Amount: 2613.0
  • Tax Lot: 46
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2022
Closed on
Aug 5, 2022
Sold by
Charles A Clement Lt
Bought by
Cox Jamie A and Cox Nichole
Seller's Agent
Venise Bard
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Christina Patin
NextHome Experience
List Price
$274,800
Sold Price
$286,000
Premium/Discount to List
$11,200
4.08%
Current Estimated Value
$299,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,799
Avg. Annual Appreciation
1.39%
Original Mortgage
$228,800
Outstanding Balance
$218,689
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$81,110

Purchase Details

Closed on
May 16, 2022
Sold by
Clement Charles A and Bard-Clement Lisa
Bought by
Charles A Clement Lt and Clement

Purchase Details

Closed on
Apr 26, 2022
Sold by
Clement Evelyn G
Bought by
Clement Charles A and Bard-Clement Lisa

Purchase Details

Closed on
Mar 14, 2019
Sold by
Clement Charles A and Clement Lisa B
Bought by
Clement Evelyn G and Clement Charles A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,900
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 4, 2018
Closed on
Sep 5, 2018
Sold by
Mosher Saabrina W
Bought by
Clement Charles A and Clement Lisa B
Seller's Agent
Russell Harrington
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Venise Bard
ERA Dawson-Bradford Co.
List Price
$55,000
Sold Price
$50,500
Premium/Discount to List
-$4,500
-8.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.42%

Purchase Details

Closed on
Aug 6, 2015
Sold by
Mosher Leroy C Est and Aucter
Bought by
Mosher Saabrina W
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Cox Jamie A -- None Available
Cox Jamie A -- None Available
Charles A Clement Lt -- None Available
Clement Charles A -- None Available
Clement Evelyn G -- --
Clement Charles A -- --
Mosher Saabrina W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cox Jamie A $228,800
Closed Cox Jamie A $228,800
Previous Owner Clement Evelyn G $117,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/05/2022 08/05/22 Sold $286,000 +4.1% $172 / Sq Ft
05/31/2022 05/31/22 Pending -- -- --
05/25/2022 05/25/22 For Sale $274,800 +444.2% $166 / Sq Ft
08/31/2018 08/31/18 Sold $50,500 -8.2% $30 / Sq Ft View Prior Sale
07/10/2018 07/10/18 Pending -- -- --
07/04/2018 07/04/18 For Sale $55,000 -- $33 / 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 $3,060 $172,900 $25,000 $147,900
2023 $3,062 $173,000 $25,000 $148,000
2022 $2,442 $116,300 $21,700 $94,600
2020 $2,613 $114,300 $21,100 $93,200
2019 $2,613 $114,300 $21,100 $93,200
2018 $2,638 $115,400 $21,100 $94,300
2017 $2,579 $115,400 $21,100 $94,300
2016 $2,434 $115,400 $21,100 $94,300
2015 $2,442 $115,400 $21,100 $94,300
2014 $2,722 $134,700 $21,100 $113,600
2013 -- $134,700 $21,100 $113,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1529618

Maine Listings

APN: OLDN-000015-000000-000046