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

Sale Details

Date Sold: February 24, 2023

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

Current estimated payment $3,865 / mo

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

  • 21,780 Sq Ft 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

0.5 Acres

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

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

Closed on
Jan 25, 2017
Sold by
Bought by
Current Estimated Value
$606,000

Purchase Details

Closed on
Dec 13, 2006
Sold by
Bought by

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

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
-- --
-- --
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
Previous Owner $285,000
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
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

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 $6,982 $504,100 $170,500 $333,600
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

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