NOT LISTED FOR SALE

41 Park St Freeport, ME 04032

Estimated Value: $606,000

4 Beds
2 Baths
1,920 Sq Ft
$316/Sq Ft Est. Value

Last Sold February 24, 2023

Last sale price $605,000 $315 Per Sq Ft

Current estimated payment $3,699/month

16 Days on Market

Highlights

  • Wood Flooring
  • Main Floor Bedroom
  • Walk-In Closet
  • Mast Landing School Rated A
  • No HOA
  • Cooling Available

About This Home

As of February 2023

The perfect investment opportunity, this 2-unit was built in 2002 and is located just a few blocks from Freeport's renowned shops and restaurants and right around the corner from Bow Street Market. Renovated in 2022, Unit 1 is a great owner's unit or short-term rental (Town permit needed for rentals less than 28 days) and includes an updated kitchen with granite counters and new stainless appliances (range and dishwasher), a sunny open living and dining area, a bathroom with newly subway tiled shower with glass enclosure and new washer and dryer. Plus two spacious bedrooms with a custom walk-in closet in the primary, refinished hardwood floors, and new custom blinds. Unit 2 has been very well-kept by a long-term tenant and features the same excellent layout as the unit upstairs. Newer heat pumps and public water & sewer. Fantastic rental history. Don't miss your chance to own this fabulous property!

Last Agent to Sell the Property

Amy Cartmell

Keller Williams Realty Brokerage Email: acartmell@kw.com Listed on: 01/04/2023

Keller Williams Realty

Co-Listed By

Matthew Cartmell

Keller Williams Realty Brokerage Email: acartmell@kw.com

Last Buyer's Agent

Kathy Gallant

Gallant Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,293

Year Built

  • Built in 2002

Lot Details

  • 0.5 Acre Lot
  • Landscaped
  • Open Lot

Home Design

  • 1,920 Sq Ft Home
  • Duplex
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • Driveway
  • Paved Parking

Utilities

  • Cooling Available
  • Heating System Uses Oil
  • Heat Pump System
  • Baseboard Heating
  • Hot Water Heating System
  • Gas Water Heater
  • Water Heated On Demand

Additional Features

  • Laundry on main level
  • City Lot

Listing and Financial Details

  • Tax Lot 48B
  • Assessor Parcel Number FPRT-000013-000048-B000000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $15,973
  • Gross Income $64,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,293

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.5
  • Road Surface Type: Paved
  • Co List Office Phone: 207-879-9800
  • MLS Status: Closed
  • Directions: Route 1 to School Street, left on Park to #41 on the left or Route 1 to East Street, right on Park to #41 on the right.
  • Above Grade Finished Sq Ft: 1920.0
  • Architectural Style: Duplex
  • Garage Yn: No
  • Year Built: 2002
  • Attribution Contact: acartmell@kw.com
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 273.44
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.5
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1920.0
  • Property Information:Garage: No
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Percent Basement Finished: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Walk-Out: Yes
  • Water Heater:Gas: Yes
  • Water Heater:On Demand: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Cooling:Heat Pump3: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Amenities:Walk-in Closets: Yes
  • Property Information:Number of Units: 2
  • Income Expenses Gross Income: 64800.0
  • Income Expenses Operating Expenses: 15972.61
  • Amenities:Laundry - 1st Floor: Yes
  • Style:Duplex: Yes
  • Advertising Remarks:Advertising Remarks: The perfect investment opportunity, this 2-unit was built in 2002 and is located just a few blocks from Freeport's renowned shops and restaurants and right around the corner from Bow Street Market. Renovated in 2022, Unit 1 is a great short-term rental (Town permit needed for terms of less than 28 days) and includes an updated kitchen with granite counters and new stainless appliances (range and dishwasher), a sunny open living and dining area, a bathroom with newly subway tiled shower with glass enclosure and new washer and dryer. Plus two spacious bedrooms with a custom walk-in closet in the primary, refinished hardwood floors, and newer heat pumps. Unit 2 has been well-kept by a long-term tenant and features the same excellent layout as the unit upstairs. Fantastic rental history- rent both units or owner occupy!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Finished, Full, Walk-Out Access
  • Full Bathrooms: 2
  • Flooring: Wood, Tile
  • Interior Amenities: 1st Floor Bedroom, Walk-In Closet(s)
  • Full Basement: Yes

Exterior Features

  • Lot Features: Open Lot, Landscaped, Intown
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: RSU 05

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 21780.0
  • Parcel #: FPRT-000013-000048-B000000
  • Zoning: V1

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 64800.0
  • Annual Operating Expense: 15972.61

Tax Info

  • Tax Annual Amount: 4293.0
  • Tax Lot: 48B
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 25, 2017
Sold by
Kelley Christa L
Bought by
Lux Llc
Current Estimated Value
$606,000

Purchase Details

Closed on
Dec 13, 2006
Sold by
Moore Brian R and Moore Janet M
Bought by
Kelley Christa L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
10%
Mortgage Type
Adjustable Rate Mortgage/ARM
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

Date Buyer Sale Price Title Company
Lux Llc -- --
Kelley Christa L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kelley Christa L $285,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2023 02/24/23 Sold $605,000 +15.2% $315 / Sq Ft
01/20/2023 01/20/23 Pending -- -- --
01/04/2023 01/04/23 For Sale $525,000 -- $273 / 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 $6,622 $496,000 $162,400 $333,600
2023 $6,018 $437,700 $147,600 $290,100
2022 $4,293 $314,500 $109,800 $204,700
2021 $4,199 $314,500 $109,800 $204,700
2020 $4,085 $291,800 $101,700 $190,100
2019 $3,928 $274,700 $95,900 $178,800
2018 $3,794 $252,100 $85,000 $167,100
2017 $3,631 $242,900 $83,300 $159,600
2016 $3,555 $225,000 $77,100 $147,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1550418

Maine Listings

APN: FPRT-000013-000048-B000000