NOT LISTED FOR SALE

413 Biscay Rd Damariscotta, ME 04543

Estimated Value: $426,859 - $570,000

6 Beds
3 Baths
2,464 Sq Ft
$204/Sq Ft Est. Value

Last Sold September 30, 2021

Last sale price $350,000 $142 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $3,206/month

7 Days on Market

Highlights

  • Nearby Water Access
  • Wooded Lot
  • No HOA
  • Great Salt Bay Community School Rated A-
  • Wood Flooring
  • Baseboard Heating

About This Home

As of September 2021

Owner occupied 3 Unit apartment building convenient to downtown and local recreational activities. Biscay Pond & Pemaquid Lake are just down the road. Rentals are in high demand and there are very few in Damariscotta. First floor has two 1-bedroom units and the second floor is a 2-bedroom apartment of 1,232 square feet. Live in one unit and rent out the other two! Or purchase strictly an investment property... Wrap around porch, circular drive and a nicely sized level back yard. Washer & dryer in 2-bedroom unit. Washer & dryer in basement for the other 2 units.

Last Agent to Sell the Property

Debby Schling

Newcastle Realty Brokerage Phone: 207-563-1003 Listed on: 08/18/2021

Last Buyer's Agent

Mandy Wheeler

U&R Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,515

Year Built

  • Built in 1979

Lot Details

  • 1 Acre Lot
  • Rural Setting
  • Level Lot
  • Open Lot
  • Wooded Lot

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 3 Full Bathrooms
  • 2,464 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Carpet
  • Vinyl

Unfinished Basement

  • Partial Basement
  • Doghouse Basement Entry
  • Exterior Basement Entry

Parking

  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Nearby Water Access

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Private Water Source
  • Well
  • Septic System
  • Private Sewer

Listing and Financial Details

  • Exclusions: Corner hutch in Unit 1 dining area
  • Tax Lot 43-1
  • Assessor Parcel Number DAMA-000002-000000-000043-000001

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $6,600
  • Gross Income $15,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,515

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 1.0
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From Business Rte 1 in Damariscotta, turn onto Biscay Road and travel for 2 miles. Property is on the right.
  • Above Grade Finished Sq Ft: 2464.0
  • Architectural Style: Other Style
  • Garage Yn: No
  • Year Built: 1979
  • Attribution Contact: 207-563-1003
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 1.0
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2464.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Exterior:Vinyl Siding: Yes
  • Basement:Unfinished: Yes
  • Gas:No Gas: Yes
  • Basement:Partial: Yes
  • Roof:Composition2: Yes
  • Basement Entry:Doghouse: Yes
  • Property Information:Number of Units: 3
  • Income Expenses Gross Income: 15600.0
  • Income Expenses Operating Expenses: 6600.0
  • Sewer:Private Sewer: Yes
  • Recreational Water:Nearby: Yes
  • Location:Rural: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Site:Wooded: Yes
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Basement Entry:Exterior Only: Yes
  • Building Info:_pound_ Floors3: 2
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Partial, Doghouse, Exterior Only, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl, Carpet
  • Stories: 2

Exterior Features

  • Lot Features: Level, Open Lot, Wooded, Rural
  • Waterfront: No
  • Exclusions: Corner hutch in Unit 1 dining area
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Composition, Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gravel, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer, Septic Existing on Site
  • Utilities: Utilities On
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 43560.0
  • Parcel #: DAMA-000002-000000-000043-000001
  • Zoning: Rural

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 15600.0
  • Annual Operating Expense: 6600.0

Tax Info

  • Tax Annual Amount: 3515.0
  • Tax Book Number: 5407
  • Tax Lot: 43-1
  • Tax Map Number: 2
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2021
Closed on
Sep 30, 2021
Sold by
Biscay Woods 2 Llc
Bought by
Kinney Cameron and Kinney Beatrice Catherine
Seller's Agent
Debby Schling
Newcastle Realty
Buyer's Agent
Mandy Wheeler
U&R Real Estate
List Price
$350,000
Sold Price
$350,000
Current Estimated Value
$502,953

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,953
Avg. Annual Appreciation
11.64%
Original Mortgage
$343,660
Outstanding Balance
$318,776
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$208,431

Purchase Details

Listed on
Jul 15, 2019
Closed on
Jul 15, 2019
Sold by
Biscay Woods Llc
Bought by
Biscay Woods 2 Llc
Seller's Agent
Dennis Hilton
Newcastle Realty
Buyer's Agent
Dennis Hilton
Newcastle Realty
List Price
$200,000
Sold Price
$200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.82%
Original Mortgage
$180,000
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 25, 2009
Sold by
Winchenbach Michael T and Rice Erica J
Bought by
Jacobs Reynold J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
4.92%
Mortgage Type
Purchase Money Mortgage
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
Kinney Cameron -- None Available
Biscay Woods 2 Llc -- --
Jacobs Reynold J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kinney Cameron $343,660
Previous Owner Biscay Woods 2 Llc $180,000
Previous Owner Biscay Woods Llc $40,000
Previous Owner Jacobs Reynold J $135,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2021 09/30/21 Sold $350,000 0.0% $142 / Sq Ft
08/26/2021 08/26/21 Pending -- -- --
08/18/2021 08/18/21 For Sale $350,000 +75.0% $142 / Sq Ft
07/15/2019 07/15/19 Sold $200,000 0.0% $81 / Sq Ft
07/15/2019 07/15/19 Pending -- -- --
07/15/2019 07/15/19 For Sale $200,000 -- $81 / 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 $4,853 $262,300 $50,000 $212,300
2023 $4,105 $262,300 $50,000 $212,300
2022 $3,658 $219,700 $42,000 $177,700
2021 $3,493 $219,700 $42,000 $177,700
2020 $3,515 $219,700 $42,000 $177,700
2019 $3,537 $219,700 $42,000 $177,700
2018 $3,581 $219,700 $42,000 $177,700
2017 $3,698 $219,700 $42,000 $177,700
2016 $3,783 $219,700 $42,000 $177,700
2015 $3,748 $219,700 $42,000 $177,700
2014 $3,471 $219,700 $42,000 $177,700
2013 $3,317 $219,700 $42,000 $177,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1505715

Maine Listings

APN: DAMA-000002-000000-000043-000001