NOT LISTED FOR SALE

Estimated Value: $697,000 - $1,102,000

4 Beds
3 Baths
2,561 Sq Ft
$343/Sq Ft Est. Value

Last Sold May 14, 2021

Last sale price $631,000 $246 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $5,405/month

1 Day on Market

Highlights

  • Ocean Front
  • Nearby Water Access
  • Deck
  • Mast Landing School Rated A
  • The property is located in a historic district
  • 2-minute walk to Memorial Park

About This Home

As of May 2021

Prime, unique and desirable Freeport Village three family home. So little time and so much to do downtown Freeport; shopping, restaurants, entertainment, kayak lauch, Amtrak Train station, nature trails, coffee shops, library, post office, banks and more... opportunities like this one are just too few. Lovely, charming features & character of yesteryear in wood floors, built-ins, wrap around porch along with many modern amenities and updates makes for a great mix that is a perfect investment or sought after intown living for an owner occupant. Updated & comfortable kitchens and bathrooms, sliding glass doors to decks, natural gas heat, new carpeting, easy vinyl siding and lots of off street parking. Shed and big back yard too! Two apartments have two bedrooms and one is a one bedroom townhouse style apartment. Steady and solid rental history. One apartment is being sold furnished as it's been a great short term rental for this owner. This building is a winner as a first home or to add to ones investment portfolio! Lots of possibilities.

Last Agent to Sell the Property

Leanne Barschdorf Nichols

Keller Williams Realty Listed on: 04/05/2021

Keller Williams Realty

Co-Listed By

Jonathan Nichols

Keller Williams Realty

Last Buyer's Agent

Alessandra Malone

Portside Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,869

Year Built

  • Built in 1880

Lot Details

  • 0.43 Acre Lot
  • Ocean Front
  • Level Lot
  • Open Lot

Home Design

  • New Englander Architecture
  • Farmhouse Style Home
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,561 Sq Ft Home
  • 2-Story Property
  • Furnished

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 3 Full Bathrooms
  • Bathtub
  • Shower Only

Laundry

  • Laundry on upper level
  • Washer and Dryer Hookup

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Sump Pump
  • Dirt Floor

Parking

  • Common or Shared Parking
  • Gravel Driveway
  • Shared Driveway
  • On-Site Parking
  • Off-Street Parking

Outdoor Features

  • Nearby Water Access
  • Deep Water Access
  • Deck
  • Shed
  • Outbuilding
  • Porch

Location

  • Property is near public transit
  • Suburban Location
  • The property is located in a historic district
  • City Lot

Farming

  • Pasture

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater
  • Internet Available

Listing and Financial Details

  • Tax Lot 73
  • Assessor Parcel Number FPRT-000013-000073

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $10,973
  • Gross Income $55,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,869

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.43
  • Road Surface Type: Paved
  • Co List Office Mls Id: 1898
  • Co List Office Phone: 207-879-9800
  • MLS Status: Closed
  • Directions: From Route One at LLBean, take Bow Street to #45 on the left.
  • Above Grade Finished Sq Ft: 2561.0
  • Architectural Style: Farmhouse, New Englander
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1880
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.43
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2561.0
  • 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
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Storage: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:One-Floor Living: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Location:Suburban: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:Stone: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 55200.0
  • Income Expenses Operating Expenses: 10973.0
  • Parking:On Site2: Yes
  • Amenities:Bathtub: Yes
  • Location:Historic District: Yes
  • Basement:Dirt Floor: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Recreational Water:Oceanfront: Yes
  • Driveway:Gravel: Yes
  • Site:RollingSloping: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Heat System:Direct Vent Heater: Yes
  • Site:PastureField: Yes
  • Amenities:Furniture Included: Yes
  • Water Info:Island3: No
  • Basement:Sump Pump: Yes
  • Transportation:Deep Water Access: Yes
  • Foundation Materials:Granite2: Yes
  • Location:Near Railroad: Yes
  • Style:New Englander: Yes
  • Transportation:Public Transport Access: Yes
  • Transportation:Rail Available: Yes
  • Building Info:_pound_ Floors3: 2
  • Other Structures:Shed: Yes
  • Other Structures:Out Building: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Dirt Floor, Full, Sump Pump, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl, Tile, Carpet
  • Interior Amenities: Furniture Included, 1st Floor Bedroom, Bathtub, One-Floor Living, Shower, Storage
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Rolling Slope, Sidewalks, Pasture, Historic District, Intown, Near Shopping, Neighborhood, Suburban, Near Public Transit, Near Railroad
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Stone, Granite
  • Other Structures: Outbuilding, Shed(s)
  • Patio And Porch Features: Deck, Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Gravel, Common, On Site, Off Street

Utilities

  • Laundry Features: Upper Level, Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Heater, Hot Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Schools

  • Junior High Dist: RSU 05

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 18730.8
  • Parcel #: FPRT-000013-000073
  • Zoning: V1

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 55200.0
  • Annual Operating Expense: 10973.0

Tax Info

  • Tax Annual Amount: 4869.0
  • Tax Book Number: 33786
  • Tax Lot: 73
  • Tax Map Number: 13
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2021
Closed on
May 14, 2021
Sold by
Hendricks James A and Hendricks Tina L
Bought by
Wright Devon K and Nappi Maria C
Seller's Agent
Leanne Barschdorf Nichols
Keller Williams Realty
Buyer's Agent
Alessandra Malone
Portside Real Estate Group
List Price
$595,000
Sold Price
$631,000
Premium/Discount to List
$36,000
6.05%
Total Days on Market
1
Current Estimated Value
$879,445

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$248,445
Avg. Annual Appreciation
8.46%
Original Mortgage
$619,571
Outstanding Balance
$566,236
Interest Rate
3.1%
Mortgage Type
FHA
Estimated Equity
$313,209

Purchase Details

Closed on
Jan 26, 2017
Sold by
Hendricks James A
Bought by
Hendricks James A and Hendricks Tina L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
4.03%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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
Wright Devon K -- None Available
Wright Devon K -- None Available
Hendricks James A -- --
Hendricks James A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wright Devon K $619,571
Closed Wright Devon K $619,571
Previous Owner Hendricks James A $285,000
Previous Owner Hendricks James $335,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2021 05/14/21 Sold $631,000 +6.1% $246 / Sq Ft
04/07/2021 04/07/21 Pending -- -- --
04/05/2021 04/05/21 For Sale $595,000 -- $232 / 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 $5,898 $441,800 $156,900 $284,900
2023 $5,356 $389,500 $142,600 $246,900
2022 $5,108 $374,200 $127,300 $246,900
2021 $4,996 $374,200 $127,300 $246,900
2020 $4,869 $347,800 $117,900 $229,900
2019 $4,652 $325,300 $111,200 $214,100
2018 $4,470 $297,000 $98,900 $198,100
2017 $4,274 $285,900 $96,900 $189,000
2016 $4,144 $262,300 $87,500 $174,800
2015 $3,930 $233,900 $79,900 $154,000
2014 $3,696 $233,900 $79,900 $154,000
2013 $3,929 $247,900 $79,900 $168,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1486558

Maine Listings

APN: FPRT-000013-000073