NOT LISTED FOR SALE

46 Baker St Clinton, ME 04927

-- Bed
19 Baths
13,216 Sq Ft
4.5 Acres

Last Sold September 29, 2020

Last sale price $920,000 $70 Per Sq Ft

109 Days on Market

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 2020

Modern 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 Agent to Sell the Property

Jeffrey Davis

Town & Shore Real Estate Listed on: 03/12/2020

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,316

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 4.5
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: 1-95 Exit 138 Clinton. Head East on Hinkley Road toward downtown .9 miles. Cross railroad tracks to first driveway on right.
  • Above Grade Finished Sq Ft: 13216.0
  • Architectural Style: Other Style, Ranch
  • Garage Yn: No
  • Efficiency: Double Wall (12''+) Construction
  • Year Built: 1990
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 4.5
  • Property Information:Total Baths: 19.0
  • Property Information:SqFt Finished Above Grade: 13216.0
  • Property Information:Garage: No
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Amenities:One-Floor Living: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Gas:No Gas: Yes
  • Basement:Partial: Yes
  • Style:Ranch: Yes
  • Property Information:Number of Units: 19
  • Amenities:Laundry - 1st Floor: Yes
  • Basement:Slab2: Yes
  • Location:Rural: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Property Information:Deed Restrictions: Unknown
  • Equipment:Satellite Dish: Yes
  • Basement:Sump Pump: Yes
  • Exterior:Brick: Yes
  • Accessibilitiy Amenities:Level Entry: Yes
  • Heat System:Space Heater: Yes
  • Misc Amenities Sprinkler: Yes
  • Building Info:_pound_ Floors3: 1
  • Amenities:Laundry - Coin: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Accessibility Features: Level Entry
  • Has Basement: Partial, Sump Pump, Interior Entry
  • Full Bathrooms: 19
  • Fireplace: No
  • Flooring: Vinyl, Tile, Carpet
  • Interior Amenities: 1st Floor Bedroom, One-Floor Living
  • Stories: 1

Exterior Features

  • Lot Features: Open Lot, Rural
  • Waterfront: No
  • Construction Type: Vinyl Siding, Brick, Wood Frame
  • Foundation Details: Concrete Perimeter, Slab
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 21+ Spaces, Common

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level, Laundry - Coin
  • Security: Sprinkler, Fire System
  • Cooling: None
  • Cooling Y N: No
  • Heating: Space Heater, Forced 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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 196020.0
  • Parcel #: CLNT-000016-000000-000020
  • Zoning: 12 Commercial

Multi Family

  • Number Of Units Total: 19

Tax Info

  • Tax Annual Amount: 10316.0
  • Tax Book Number: 9523
  • Tax Lot: 020
  • Tax Map Number: 06
  • Tax Year: 2019

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Freeman Res Prop Llc $936,000
Closed Mcfreehart Llc $15,000
Closed Consolidated Inv Grp Llc $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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 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 $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

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Map

Source: Maine Listings

MLS Number: 1446906

Maine Listings

APN: CLNT-000016-000000-000020