K
Seller's Agent in 2021
Karen Rice
RE/MAX
42 Main St North Berwick, ME 03906
Estimated Value: $410,145
4
Beds
2
Baths
3,280
Sq Ft
$125/Sq Ft
Est. Value
Highlights
- Property is near public transit
- No HOA
- Zoned Heating
- New Englander Architecture
- Accessible Approach with Ramp
- Baseboard Heating
About This Home
As of January 2021Rentals are in high demand right now, take this opportunity to invest in this commercial property in downtown North Berwick, walking distance to Pratt & Whitney as well as Hussey Seating Co. The building features a first floor commercial kitchen and restaurant which can accommodate up to 50 seats. Everything you need to start your own restaurant is already here and included with the sale. On the second floor you will find two rented apartments which bring in over $28,000 in income each year, both are two bedrooms each and updated with stainless steel appliances. This low maintenance building has had an upgrade on the exterior with cement siding, replacement windows and a new roof in 2011. Call today for more info!
Last Agent to Sell the Property
Karen Rice
RE/MAX Realty One Listed on: 11/28/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,502
Year Built
- Built in 1915
Lot Details
- 3,485 Sq Ft Lot
- Level Lot
Home Design
- 3,280 Sq Ft Home
- New Englander Architecture
- Brick Foundation
- Stone Foundation
- Wood Frame Construction
- Pitched Roof
- Shingle Roof
- Concrete Fiber Board Siding
Flooring
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 2 Full Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Brick Basement
- Exterior Basement Entry
- Dirt Floor
Parking
- No Driveway
- Off-Street Parking
Accessible Home Design
- Doors are 32 inches wide or more
- Accessible Approach with Ramp
Location
- Property is near public transit
- City Lot
Utilities
- No Cooling
- Zoned Heating
- Heating System Uses Oil
- Heating System Uses Propane
- Heating System Mounted To A Wall or Window
- Baseboard Heating
- Electric Water Heater
Listing and Financial Details
- Tax Lot 082
- Assessor Parcel Number NBER-000018-000000-000082
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Gross Income $28,800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 5, 2024
Sold by
Rice Properties Llc
Bought by
Forty Two Main Street Llc
Current Estimated Value
Purchase Details
Listed on
Nov 28, 2020
Closed on
Jan 29, 2021
Sold by
Bergendahl Eric and Bergendahl Eric G
Bought by
Rice Travis J and Rice Karen M
Seller's Agent
Karen Rice
RE/MAX Realty One
Buyer's Agent
Karen Rice
Abigail Douris Real EstateLLC
List Price
$299,900
Sold Price
$287,000
Premium/Discount to List
-$12,900
-4.3%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.90%
Original Mortgage
$229,600
Interest Rate
2.67%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Jul 27, 2015
Closed on
Nov 3, 2017
Sold by
Scc Enterprises Llc
Bought by
Bergendahl Eric
Seller's Agent
Steve Weigel
Coldwell Banker Y-Gull & Associates
Buyer's Agent
Steve Weigel
Coldwell Banker Y-Gull & Associates
List Price
$249,900
Sold Price
$254,000
Premium/Discount to List
$4,100
1.64%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.84%
Original Mortgage
$176,250
Interest Rate
4.75%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 5, 2013
Sold by
Rice Stanley J and Rice Dawn E
Bought by
Scc Ent Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
3.41%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Forty Two Main Street Llc | -- | None Available | |
| Forty Two Main Street Llc | -- | None Available | |
| Rice Travis J | -- | None Available | |
| Rice Travis J | -- | None Available | |
| Bergendahl Eric | -- | -- | |
| Bergendahl Eric | -- | -- | |
| Scc Ent Llc | -- | -- | |
| Scc Ent Llc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Rice Travis J | $229,600 | |
| Previous Owner | Bergendahl Eric G | $65,000 | |
| Previous Owner | Bergendahl Eric | $176,250 | |
| Previous Owner | Bergendahl Eric G | $19,000 | |
| Previous Owner | Scc Ent Llc | $165,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/29/2021 01/29/21 | Sold | $287,000 | -4.3% | $88 / Sq Ft |
| 12/08/2020 12/08/20 | Pending | -- | -- | -- |
| 08/22/2020 08/22/20 | For Sale | $299,900 | +18.1% | $91 / Sq Ft |
| 11/03/2017 11/03/17 | Sold | $254,000 | +1.6% | $52 / Sq Ft |
| 02/21/2017 02/21/17 | Pending | -- | -- | -- |
| 05/13/2015 05/13/15 | For Sale | $249,900 | -- | $51 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
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 | $3,672 | $367,200 | $56,900 | $310,300 |
| 2023 | $3,442 | $320,200 | $48,100 | $272,100 |
| 2022 | $3,106 | $278,600 | $41,700 | $236,900 |
| 2021 | $2,540 | $233,000 | $41,700 | $191,300 |
| 2020 | $2,503 | $210,300 | $38,300 | $172,000 |
| 2019 | $2,502 | $202,600 | $38,300 | $164,300 |
| 2018 | $2,433 | $188,600 | $38,300 | $150,300 |
| 2017 | $2,376 | $188,600 | $38,300 | $150,300 |
| 2016 | $2,376 | $188,600 | $38,300 | $150,300 |
| 2015 | $2,376 | $188,600 | $38,300 | $150,300 |
| 2013 | $2,348 | $188,600 | $38,300 | $150,300 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller's Agent in 2017
Steve Weigel
Coldwell Banker Y-Gull & Associates
(207) 251-1815
1 in this area
84 Total Sales
Map
Source: Maine Listings
MLS Number: 1465795
APN: NBER-000018-000000-000082
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