NOT LISTED FOR SALE

476 Middle St Bath, ME 04530

Estimated Value: $432,000 - $474,000

5 Beds
3 Baths
3,074 Sq Ft
$146/Sq Ft Est. Value

Last Sold April 26, 2022

Last sale price $356,000 $116 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $2,740/month

22 Days on Market

Highlights

  • Post and Beam
  • No HOA
  • Baseboard Heating
  • Wood Flooring
  • Cooling Available
  • Level Lot

About This Home

As of April 2022

Rare opportunity to invest in a multi-unit in growing Bath. This former captain's home built in 1880 has charm and character written all over it. Three units with exceptional income potential. Layout is one 2-bedroom apartment on the first floor, one 2-bedroom apartment on the second floor, and one multilevel 1 bedroom. Rents are below market with only one apartment in a committed lease. All utilities are paid by tenants. Being sold as is. Only a mile from historic downtown Bath, less than a mile from Maine Maritime Museum with a neighborhood vibe.

Last Agent to Sell the Property

Albert Edwards

Keller Williams Realty Listed on: 04/25/2022

Last Buyer's Agent

Cindy Chamberland

Landing Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,159

Year Built

  • Built in 1880

Lot Details

  • 3,485 Sq Ft Lot
  • Level Lot

Home Design

  • Post and Beam
  • Victorian Architecture
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3 Full Bathrooms
  • 3,074 Sq Ft Home
  • Multi-Level Property

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Unfinished Basement

  • Brick Basement
  • Exterior Basement Entry

Parking

  • Driveway
  • Paved Parking

Utilities

  • Cooling Available
  • Heating System Uses Oil
  • Heat Pump System
  • Baseboard Heating
  • Natural Gas Not Available
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 157
  • Assessor Parcel Number BTTH-000033-000000-000157

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $5,819
  • Gross Income $33,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,159

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.08
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 3074.0
  • Architectural Style: Multi-Level, Victorian
  • Garage Yn: No
  • Year Built: 1880
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 117.11
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.08
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3074.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Exterior:Vinyl Siding: Yes
  • Cooling:Heat Pump3: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 3
  • Income Expenses Gross Income: 33900.0
  • Income Expenses Operating Expenses: 5819.0
  • Style:Multi-Level: Yes
  • Basement:BrickMortar: Yes
  • Construction:Post Beam: Yes
  • Basement Entry:Exterior Only: Yes
  • Advertising Remarks:Advertising Remarks: Rare opportunity to invest in a multi-unit in growing Bath. This former captain's home built in 1880 has charm and character written all over it. Three units with exceptional income potential. Layout is one 2-bedroom apartment on the first floor, one 2-bedroom apartment on the second floor, and one multilevel 1 bedroom. Rents are below market with only one apartment in a committed lease. All utilities are paid by tenants. Being sold as is. Only a mile from historic downtown Bath, less than a mile from Maine Maritime Museum with a neighborhood vibe. Requires 48-hour notice for showings.
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Brick/Mortar, Exterior Only, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl, Laminate, Carpet

Exterior Features

  • Lot Features: Level, Sidewalks, Near Shopping, Near Town, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Post & Beam
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved

Utilities

  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Baseboard
  • 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 #: BTTH-000033-000000-000157
  • Zoning: Residential

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 33900.0
  • Annual Operating Expense: 5819.0

Tax Info

  • Tax Annual Amount: 3159.0
  • Tax Lot: 157
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2022
Closed on
Apr 26, 2022
Sold by
Chase Liv R
Bought by
Casey Ryan J
Seller's Agent
Albert Edwards
Keller Williams Realty
Buyer's Agent
Cindy Chamberland
Landing Real Estate
List Price
$360,000
Sold Price
$356,000
Premium/Discount to List
-$4,000
-1.11%
Current Estimated Value
$444,940

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,940
Avg. Annual Appreciation
6.26%
Original Mortgage
$349,551
Outstanding Balance
$324,759
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$122,571

Purchase Details

Closed on
Oct 11, 2006
Sold by
Pearson Tom B
Bought by
Chase Liv R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,965
Interest Rate
6.47%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Casey Ryan J $356,000 None Available
Chase Liv R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Casey Ryan J $349,551
Previous Owner Chase Liv R $118,965
Previous Owner Chase Liv R $42,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2022 04/26/22 Sold $356,000 -1.1% $116 / Sq Ft
03/06/2022 03/06/22 Pending -- -- --
02/11/2022 02/11/22 For Sale $360,000 -- $117 / 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
2025 $5,147 $319,700 $32,300 $287,400
2024 $4,938 $299,300 $32,000 $267,300
2023 $3,706 $219,300 $29,300 $190,000
2022 $3,309 $162,200 $19,200 $143,000
2021 $3,159 $155,600 $19,200 $136,400
2020 $3,112 $155,600 $19,200 $136,400
2019 $3,081 $155,600 $19,200 $136,400
2018 $3,750 $172,000 $17,500 $154,500
2017 $3,672 $172,000 $17,500 $154,500
2016 $3,629 $172,000 $17,500 $154,500
2015 $3,914 $189,100 $17,500 $171,600
2014 $3,820 $189,100 $17,500 $171,600
2013 $3,714 $189,100 $17,500 $171,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1519568

Maine Listings

APN: BTTH-000033-000000-000157