NOT LISTED FOR SALE

44 Main St Orono, ME 04473

-- Bed
2 Baths
5,000 Sq Ft
3,485 Sq Ft Lot

Last Sold June 24, 2016

Last sale price $220,000 $44 Per Sq Ft

159 Days on Market

Highlights

  • Country Club
  • Wood Flooring
  • No HOA
  • Orono Middle School Rated A
  • Attic
  • Bathtub

About This Home

As of June 2016

A great investment opportunity with this turnkey, fully rented, 5 unit property. Consist of 2 commercial rentals, 1 office rental, a one bedroom apartment and a 3 bedroom apartment. The apartments have a great rental history. Long term tenants occupy the 2 commercial spaces. Right in the Heart of Orono !

Last Agent to Sell the Property

Chad Bradbury

ERA Dawson-Bradford Co. Listed on: 12/10/2015

ERA Dawson-Bradford Co.

Last Buyer's Agent

Jody Hammond

Realty of Maine

Realty of Maine

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,027

Year Built

  • Built in 1900

Lot Details

  • 3,485 Sq Ft Lot
  • Level Lot
  • Open Lot

Parking

  • No Driveway

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Rolled or Hot Mop Roof
  • Clap Board Siding
  • Vinyl Siding
  • Clapboard

Interior Spaces

  • 2-Story Property
  • Attic

Flooring

  • Wood
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Full Bathrooms
  • Bathtub

Unfinished Basement

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

Location

  • Property is near a golf course
  • City Lot

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Water Heated On Demand
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 016 / 012
  • Assessor Parcel Number 44mainstreetoronomaine04473

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Country Club

Building Details

  • Operating Expense $22,574
  • Gross Income $45,340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,027

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.08
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: On Main Street in Orono, property is located in the center of town, directly across the street from the Irving Station.
  • Architectural Style: Multi-Level
  • Building Stories: 2
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.08
  • Property Information:Total Baths: 2.0
  • Site:Level: Yes
  • Site:Open: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Water Heater:On Demand: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 2
  • Exterior:Clapboard: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 45340.0
  • Income Expenses Operating Expenses: 22574.0
  • Style:Multi-Level: Yes
  • Amenities:Bathtub: Yes
  • Amenities:Attic: Yes
  • Driveway:No Driveway: Yes
  • Roof:RolledHot Mop: Yes
  • Property Information:Bank Owned REO: No
  • Equipment:Cable: Yes
  • Location:Near Country Club: Yes
  • Parking:No Parking: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Walk-Out Access, Full, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Flooring: Wood, Vinyl, Tile, Laminate
  • Interior Amenities: Attic, Bathtub
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Intown, Near Golf Course, Near Shopping
  • Waterfront: No
  • Construction Type: Vinyl Siding, Clapboard, Wood Frame
  • Roof: Rolled/Hot Mop, Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Driveway, None

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Hot Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3484.8
  • Parcel #: 44mainstreetoronomaine04473
  • Zoning: Village Commercial

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 45340.0
  • Annual Operating Expense: 22574.0

Tax Info

  • Tax Annual Amount: 5027.0
  • Tax Block: 012
  • Tax Book Number: 11093
  • Tax Lot: 016
  • Tax Map Number: 027
  • Tax Year: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 10, 2015
Closed on
Jun 28, 2016
Sold by
Umaine Properties Llc
Bought by
Cryptic House Llc
Seller's Agent
Chad Bradbury
ERA Dawson-Bradford Co.
Buyer's Agent
Jody Hammond
Realty of Maine
List Price
$250,000
Sold Price
$220,000
Premium/Discount to List
-$30,000
-12%

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
3.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 22, 2010
Sold by
Blagojevic Milos
Bought by
Doucette Roger D

Purchase Details

Closed on
May 26, 2010
Sold by
Graiver Loni
Bought by
Blagojevic Milos
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
Cryptic House Llc -- --
Doucette Roger D -- --
Blagojevic Milos -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cryptic House Llc $178,000
Closed Cryptic House Llc $165,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2016 06/24/16 Sold $220,000 -12.0% $44 / Sq Ft
05/18/2016 05/18/16 Pending -- -- --
12/10/2015 12/10/15 For Sale $250,000 -- $50 / 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 $9,227 $432,200 $49,400 $382,800
2023 $6,140 $262,400 $44,900 $217,500
2022 $6,245 $262,400 $44,900 $217,500
2021 $6,232 $262,400 $44,900 $217,500
2020 $5,671 $201,900 $61,400 $140,500
2019 $5,340 $201,900 $61,400 $140,500
2018 $5,451 $201,900 $61,400 $140,500
2017 $5,249 $201,900 $61,400 $140,500
2016 $5,017 $201,900 $61,400 $140,500
2015 $5,027 $201,900 $61,400 $140,500
2014 $4,792 $196,800 $61,400 $135,400
2013 $4,664 $196,800 $61,400 $135,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1246100

Maine Listings

APN: ORON-027012-000000-000016