NOT LISTED FOR SALE

44 Merriam St Berwick, ME 03901

Estimated Value: $497,000 - $556,000

7 Beds
4 Baths
2,540 Sq Ft
$207/Sq Ft Est. Value

Last Sold January 14, 2015

Last sale price $195,000 $77 Per Sq Ft

Est. 169% increase in value since last sale

Current estimated payment $3,172/month

128 Days on Market

Highlights

  • Country Club
  • Wood Flooring
  • Main Floor Bedroom
  • Deck
  • New Englander Architecture
  • No HOA

About This Home

As of January 2015

3 Family, close to Berwick Center and South Berwick. Excellent rental history, good opportunity for owner occupied! Have your tenants pay your mortgage! 3 leases currently in place. Updated kitchens and baths, decks, parking for 7-9 cars. Great Investment

Last Agent to Sell the Property

Troy Williams

Keller Williams Coastal and Lakes & Mountains Realty Listed on: 07/18/2014

Keller Williams Coastal and Lakes & Mountains Realty

Co-Listed By

Heidi Hayes

Keller Williams Coastal and Lakes & Mountains Realty

Last Buyer's Agent

Anne Erwin Real Estate

Anne Erwin Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,874

Year Built

  • Built in 1900

Lot Details

  • 0.26 Acre Lot
  • Level Lot
  • Open Lot

Home Design

  • New Englander Architecture
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Clap Board Siding
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 2,540 Sq Ft Home
  • Partial Basement
  • Storm Windows

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 4 Full Bathrooms
  • Bathtub

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking

Outdoor Features

  • Deck

Location

  • Property is near golf course
  • City Lot

Utilities

  • No Cooling
  • Forced Air Zoned Heating System
  • Heating System Uses Gas
  • High-Efficiency Furnace
  • Electric Water Heater
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 86
  • Assessor Parcel Number 44Merriam StreetBerwick00186

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • The community has rules related to deed restrictions

Recreation

  • Country Club

Building Details

  • Gross Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,874

Year Built

Built in 1900

Lot Details

0.26 Acres

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.26
  • Road Surface Type: Paved
  • Co List Office Phone: 207-475-0999
  • MLS Status: Closed
  • Directions: Route 236 to South Berwick, Right onto Rt. 4, 3.6 miles, left onto Merriam, house on Right
  • Above Grade Finished Sq Ft: 2540.0
  • Architectural Style: New Englander
  • Efficiency: Storm Windows, 90% Efficient Furnace
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 76.77
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.26
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 2540.0
  • 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
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Floors:Laminate: Yes
  • Basement:Partial: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:Stone: Yes
  • Exterior:Clapboard: Yes
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 36000.0
  • Amenities:Bathtub: Yes
  • Equipment:Internet Access Available: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Property Information:Deed Restrictions: Yes
  • Equipment:Cable: Yes
  • Location:Near Country Club: Yes
  • Style:New Englander: Yes
  • Energy Efficiency:Storm Windows: Yes
  • Advertising Remarks:Advertising Remarks: Fabulous investment opportunity in Berwick, just 3-4 miles from center of South Berwick! There are two, 2 BR units, each with full bath and kitchen. Rent on these is $875 per mo. Third unit is a free standing New Englander w/ 3BR's and 2 BA. Rent for this is $1250. High Eff propane boiler, public water and sewer. Good potential for owner occupied. Let your tenants pay your mortgage! Priced way under assessed value.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Partial
  • Full Bathrooms: 4
  • Flooring: Wood, Vinyl, Laminate, Carpet
  • Interior Amenities: 1st Floor Bedroom, Bathtub

Exterior Features

  • Lot Features: Level, Open Lot, Intown, Near Golf Course, Near Shopping
  • Waterfront: No
  • Construction Type: Clapboard, Wood Frame
  • Foundation Details: Stone, Concrete Perimeter
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Paved, Common

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: Other Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 11325.6
  • Parcel #: 44Merriam StreetBerwick00186
  • Zoning: R1

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 36000.0

Tax Info

  • Tax Annual Amount: 3874.0
  • Tax Lot: 86
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 24, 2022
Sold by
Merriam Reynolds Llc
Bought by
44 Merriam Street Llc
Current Estimated Value
$524,859

Purchase Details

Closed on
Jan 23, 2020
Sold by
Reynolds Jeremy C and Reynolds Jenna R
Bought by
Merriam Reynolds Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 18, 2014
Closed on
Jan 15, 2015
Sold by
Evans David E and Velasco Lucia
Bought by
Reynolds Jeremy C and Reynolds Jenna R
Seller's Agent
Troy Williams
Keller Williams Coastal and Lakes & Mountains Realty
Buyer's Agent
Anne Erwin Real Estate
Anne Erwin Sotheby's International Realty
List Price
$219,875
Sold Price
$195,000
Premium/Discount to List
-$24,875
-11.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.33%
Original Mortgage
$146,250
Interest Rate
3.92%
Mortgage Type
New Conventional
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

Date Buyer Sale Price Title Company
44 Merriam Street Llc $450,000 None Available
44 Merriam Street Llc $450,000 None Available
44 Merriam Street Llc $450,000 None Available
44 Merriam Street Llc $450,000 None Available
Merriam Reynolds Llc -- None Available
Merriam Reynolds Llc -- None Available
Merriam Reynolds Llc -- None Available
Reynolds Jeremy C -- --
Reynolds Jeremy C -- --
Reynolds Jeremy C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Merriam Reynolds Llc $228,000
Previous Owner Reynolds Jeremy C $146,250
Previous Owner Reynolds Jeremy C $91,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/14/2015 01/14/15 Sold $195,000 -11.3% $77 / Sq Ft
11/24/2014 11/24/14 Pending -- -- --
07/18/2014 07/18/14 For Sale $219,875 -- $87 / Sq Ft
Source: Maine Listings

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 $5,613 $450,100 $114,200 $335,900
2023 $4,831 $263,700 $81,600 $182,100
2022 $4,805 $263,700 $81,600 $182,100
2021 $4,826 $263,700 $81,600 $182,100
2020 $5,107 $263,800 $81,600 $182,200
2019 $3,988 $227,500 $81,600 $145,900
2018 $3,922 $228,700 $73,600 $155,100
2017 $3,922 $228,700 $73,600 $155,100
2016 $3,728 $228,700 $73,600 $155,100
2014 $3,838 $241,400 $73,600 $167,800
2013 $3,874 $241,400 $73,600 $167,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1146124

Maine Listings

APN: BERW-000001U-000000-000086

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