Seller's Agent in 2020
Jeffrey Davis
Town & Shore Real Estate
(207) 233-9423
145 Total Sales
46 Baker St Clinton, ME 04927
Estimated Value: $1,370,006
Studio
19
Baths
13,216
Sq Ft
$104/Sq Ft
Est. Value
Highlights
- 4.5 Acre Lot
- Level Entry For Accessibility
- Forced Air Heating System
- No HOA
- Tile Flooring
- Coin Laundry
About This Home
As of September 2020Modern Nineteen Unit Apartment Complex in excellent condition and fully occupied. This property offers exceptional cash flow, financials and a high capitalization rate. Comprised of two buildings on 4.5 acres; the larger fifteen-unit building was constructed in 1990 as an assisted living facility and later converted to apartments. The four unit was built in 2009 and features all two-bedroom units and a sprinkler system. Both buildings are single story and handicapped accessible. The spacious lot offers ample paved parking and the ability to add eight additional units. The property also features public water, sewer, and underground electrical power installed. Nice quiet rural setting yet less than a mile to I-95 and closer than you might think to Waterville (15 minutes), Augusta (30 minutes), Bangor (45 minutes) and Portland (1 hour, 15 minutes). Please DO NOT go to property or speak with tenants unless on a showing with the listing agent.
Last Buyer's Agent
Tim McClary
Day's Real Estate
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,316
Year Built
- Built in 1990
Lot Details
- 4.5 Acre Lot
- Rural Setting
- Open Lot
- Sprinkler System
Home Design
- Brick Exterior Construction
- Concrete Foundation
- Slab Foundation
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 19 Full Bathrooms
- 13,216 Sq Ft Home
- 1-Story Property
- Fire Sprinkler System
- Laundry on main level
Flooring
- Carpet
- Tile
- Vinyl
Basement
- Partial Basement
- Interior Basement Entry
- Sump Pump
Parking
- Common or Shared Parking
- Shared Driveway
Accessible Home Design
- Level Entry For Accessibility
Utilities
- No Cooling
- Forced Air Heating System
- Space Heater
- Heating System Uses Gas
- Heating System Uses Oil
- Natural Gas Not Available
- Satellite Dish
Listing and Financial Details
- Tax Lot 020
- Assessor Parcel Number CLNT-000016-000000-000020
Community Details
Overview
- No Home Owners Association
- 19 Units
Amenities
- Coin Laundry
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 19, 2025
Sold by
Freeman Res Prop Llc
Bought by
J B Realty Rentals Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,120,000
Outstanding Balance
$1,114,098
Interest Rate
6.72%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$255,908
Purchase Details
Closed on
Nov 18, 2022
Sold by
Mcfreehart Llc
Bought by
Freeman Res Prop Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$936,000
Interest Rate
6.95%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 5, 2007
Sold by
Grant T T and Grant G
Bought by
Consolidated Inv Grp Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.59%
Mortgage Type
Purchase Money Mortgage
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 |
|---|---|---|---|
| J B Realty Rentals Llc | $1,400,000 | -- | |
| J B Realty Rentals Llc | $1,400,000 | -- | |
| J B Realty Rentals Llc | $1,400,000 | -- | |
| Freeman Res Prop Llc | $920,000 | None Available | |
| Freeman Res Prop Llc | $920,000 | None Available | |
| Freeman Res Prop Llc | $920,000 | None Available | |
| Consolidated Inv Grp Llc | -- | -- | |
| Consolidated Inv Grp Llc | -- | -- | |
| Consolidated Inv Grp Llc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | J B Realty Rentals Llc | $1,120,000 | |
| Closed | J B Realty Rentals Llc | $1,120,000 | |
| Previous Owner | Freeman Res Prop Llc | $936,000 | |
| Previous Owner | Consolidated Inv Grp Llc | $200,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/29/2020 09/29/20 | Sold | $920,000 | -3.2% | $70 / Sq Ft |
| 06/30/2020 06/30/20 | Pending | -- | -- | -- |
| 03/12/2020 03/12/20 | For Sale | $950,000 | -- | $72 / 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 | $17,347 | $950,530 | $78,120 | $872,410 |
| 2023 | $15,969 | $950,530 | $78,120 | $872,410 |
| 2022 | $11,977 | $950,530 | $78,120 | $872,410 |
| 2021 | $14,353 | $950,530 | $78,120 | $872,410 |
| 2020 | $10,582 | $531,750 | $35,410 | $496,340 |
| 2017 | $10,316 | $531,750 | $35,410 | $496,340 |
| 2016 | $10,032 | $536,454 | $35,409 | $501,045 |
| 2015 | $9,850 | $538,274 | $35,409 | $502,865 |
| 2014 | $9,643 | $544,800 | $35,400 | $509,400 |
Source: Public Records
Agents Affiliated with this Home
-
Jeffrey Davis
-
T
Buyer's Agent in 2020
Tim McClary
Day's Real Estate
-
Timothy McClary
Buyer's Agent in 2020
Timothy McClary
Realty of Maine
(207) 215-2734
13 Total Sales
Map
Source: Maine Listings
MLS Number: 1446906
APN: CLNT-000016-000000-000020
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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