NOT LISTED FOR SALE

Estimated Value: $426,000 - $666,000

6 Beds
3 Baths
2,464 Sq Ft
$210/Sq Ft Est. Value

Sale Details

Date Sold: September 30, 2021

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

Est. 48% increase in value since last sale

Current estimated payment $3,311 / mo

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

Blue Lobster Real Estate Brokerage Phone: 207-563-1003 Listed on: 08/18/2021

Last Buyer's Agent

Mandy Wheeler

U&R Real Estate

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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 Tank
  • 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

1 Acres

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
  • Garage Yn: No
  • Year Built: 1979
  • Attribution Contact: 207-563-1003
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 142.05
  • Property Information:Seasonal: 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
  • Basement Entry:Exterior Only: Yes
  • Building Info:_pound_ Floors3: 2
  • Advertising Remarks:Advertising Remarks: Call or text listing broker Debby Schling @ (207) 380-4511 to schedule an appointment to view this owner occupied 3 Unit apartment building convenient to downtown and local recreational activities. Biscay Pond and 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.
  • Sewer:Septic Tank: Yes
  • Water:Well: Yes
  • 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: Open, Level, 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: Septic Tank, Private Sewer
  • Utilities: Utilities On
  • Water Source: Well, Private

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 Lot: 43-1
  • Tax Year: 2020

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

Listed on
Aug 18, 2021
Closed on
Sep 30, 2021
Sold by
Biscay Woods 2 Llc
Bought by
Seller's Agent
Debby Schling
Blue Lobster Real Estate
Buyer's Agent
Mandy Wheeler
U&R Real Estate
List Price
$350,000
Sold Price
$350,000
Current Estimated Value
$519,129

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,129
Avg. Annual Appreciation
8.27%
Original Mortgage
$343,660
Outstanding Balance
$306,505
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$210,840

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- None Available
Biscay Woods 2 Llc -- --
Jacobs Reynold J -- --
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
Open $60,000
Open Kinney Cameron $343,660
Previous Owner Biscay Woods 2 Llc $180,000
Closed Biscay Woods Llc $40,000
Previous Owner Jacobs Reynold J $135,000
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 Prior Sale
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 View Prior Sale
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

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 $5,516 $262,300 $50,000 $212,300
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

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Map

Source: Maine Listings

MLS Number: 1505715

Maine Listings

APN: DAMA-000002-000000-000043-000001

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