NOT LISTED FOR SALE

40 Wood St Old Town, ME 04468

Estimated Value: $286,535 - $502,000

-- Bed
3 Baths
2,576 Sq Ft
$143/Sq Ft Est. Value

Last Sold December 21, 2018

Last sale price $36,500 $14 Per Sq Ft

Est. 910% increase in value since last sale

Current estimated payment $2,362/month

132 Days on Market

Highlights

  • Colonial Architecture
  • Property is near public transit
  • No HOA
  • Deck
  • Corner Lot
  • Baseboard Heating

About This Home

As of December 2018

*** PRICED REDUCED*** HUD HOME *** Great Value here, good potential income. 3 very Similar units, 2 Bedroom each and a full bath each. Updates and repairs needed so be ready to bring your hammer. This property is near the Downtown and The University of Maine. Also near the Interstate. A Must see for present and future investors. 203k Eligible

Last Agent to Sell the Property

Dennis Theriault

Adams Real Estate Brokerage Email: dennis@adams-re.com Listed on: 07/18/2018

Last Buyer's Agent

Dennis Theriault

Adams Real Estate Brokerage Email: dennis@adams-re.com Listed on: 07/18/2018

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1940

Lot Details

  • 4,356 Sq Ft Lot
  • Level Lot

Home Design

  • Colonial Architecture
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 3 Full Bathrooms
  • 2,576 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Vinyl

Basement

  • Interior Basement Entry
  • Crawl Space

Parking

  • On-Site Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Outbuilding

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 205
  • Assessor Parcel Number 40Wood St.OldTown25205

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Community Storage Space

Townhouse Details

Home Type

Townhome

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From Stillwater Ave, turn onto Wood Street, property is on the corner of Stillwater and Wood Street.
  • Above Grade Finished Sq Ft: 2576.0
  • Architectural Style: Colonial, Townhouse
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1940
  • Attribution Contact: dennis@adams-re.com
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.1
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2576.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Storage: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Roof:Metal: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 3
  • Building Info:_pound_ Stories2: 2
  • Parking:On Site2: Yes
  • Style:Colonial: Yes
  • Basement:Crawl Space: Yes
  • Foundation Materials:PillarPostPier: Yes
  • Transportation:Public Transport Access: Yes
  • Style:Townhouse: Yes
  • Other Structures:Out Building: Yes
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Has Basement: Crawl Space, Interior Entry
  • Full Bathrooms: 3
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Storage

Exterior Features

  • Lot Features: Corner Lot, Level, Sidewalks, Intown, Near Shopping, Neighborhood, Near Public Transit
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Pillar/Post/Pier
  • Other Structures: Outbuilding
  • Patio And Porch Features: Deck
  • Roof: Metal
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Other, On Site, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, 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: 4356.0
  • Parcel #: 40Wood St.OldTown25205
  • Zoning: Res

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 3116.0
  • Tax Book Number: 10801
  • Tax Lot: 205
  • Tax Map Number: 25
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 26, 2020
Sold by
Niles Matthew I and Niles Janis L
Bought by
Gahagan Sarah
Current Estimated Value
$368,634

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,064
Outstanding Balance
$159,572
Interest Rate
3.2%
Mortgage Type
FHA
Estimated Equity
$124,500

Purchase Details

Closed on
May 29, 2018
Sold by
Jp Morgan Chase Bank Na
Bought by
Department Of Housing & Urban Dev

Purchase Details

Closed on
Jan 11, 2018
Sold by
Department Of Housing & Urban Dev
Bought by
Jp Morgan Chase Bank Na

Purchase Details

Closed on
Jun 1, 2017
Sold by
Jp Morgan Chase Bank Na
Bought by
Department Of Housing & Urban Dev

Purchase Details

Closed on
Oct 2, 2015
Sold by
Jp Morgan Chase Bank Na
Bought by
Jp Morgan Chase Bank Na

Purchase Details

Closed on
May 5, 2014
Sold by
Old Town City Of
Bought by
Craft Brnadon D

Purchase Details

Closed on
Jan 17, 2007
Sold by
Strout Lindsay M and Otis Jay H
Bought by
Craft Brandon D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
6.14%
Mortgage Type
Commercial
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
Gahagan Sarah -- None Available
Gahagan Sarah -- None Available
Department Of Housing & Urban Dev -- --
Department Of Housing & Urban Dev -- --
Jp Morgan Chase Bank Na -- --
Department Of Housing & Urban Dev -- --
Department Of Housing & Urban Dev -- --
Jp Morgan Chase Bank Na -- --
Jp Morgan Chase Bank Na -- --
Craft Brnadon D -- --
Craft Brandon D -- --
Craft Brandon D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gahagan Sarah $178,064
Closed Gahagan Sarah $178,064
Previous Owner Craft Brandon D $177,045
Previous Owner Craft Brandon D $132,000
Previous Owner Craft Brandon D $33,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2018 12/21/18 Sold $36,500 -53.2% $14 / Sq Ft
11/28/2018 11/28/18 Pending -- -- --
07/18/2018 07/18/18 For Sale $78,000 -- $30 / 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 $4,287 $242,200 $18,100 $224,100
2023 $4,287 $242,200 $18,100 $224,100
2022 $3,016 $143,600 $15,700 $127,900
2020 $3,187 $139,400 $15,200 $124,200
2019 $3,187 $139,400 $15,200 $124,200
2018 $3,187 $139,400 $15,200 $124,200
2017 $3,116 $139,400 $15,200 $124,200
2016 $2,940 $139,400 $15,200 $124,200
2015 $2,950 $139,400 $15,200 $124,200
2014 $2,817 $139,400 $15,200 $124,200
2013 $2,605 $139,400 $15,200 $124,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1361797

Maine Listings

APN: OLDN-000025-000000-000205