NOT LISTED FOR SALE

5 Cottage St Fairfield, ME 04937

Estimated Value: $203,000 - $234,505

6 Beds
2 Baths
1,900 Sq Ft
$113/Sq Ft Est. Value

Last Sold May 05, 2017

Last sale price $79,500 $42 Per Sq Ft

Est. 171% increase in value since last sale

Current estimated payment $1,340/month

232 Days on Market

Highlights

  • Colonial Architecture
  • Detached Garage
  • Tile Flooring
  • No HOA
  • Shed
  • Level Lot

About This Home

As of May 2017

INVESTORS TAKE NOTICE! Over $1600 per month in rental income on this low maintenance two-family! Two spacious units; one 2-bedroom and one 3-bedroom. First floor is rented; second is ready for tenants. A great investment! Or consider to owner occupy and have rental income pay your mortgage, PLUS! Separate heating, hot water & electric systems. Metal roof, attached storage areas, nice yard, single car garage. Can easily be converted back to a single family. A great investment either way! Well maintained.

Last Agent to Sell the Property

Robbin Eusebio

Surette Real Estate Brokerage Email: office@surette-realestate.com Listed on: 07/20/2016

Last Buyer's Agent

Cheryl Bardwell

Surette Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 0.32 Acre Lot
  • Level Lot
  • Open Lot

Home Design

  • Colonial Architecture
  • New Englander Architecture
  • Brick Foundation
  • Concrete Foundation
  • Block Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Metal Roof
  • Aluminum Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 1,900 Sq Ft Home
  • 2-Story Property
  • Laundry on main level

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Unfinished Basement

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

Parking

  • Detached Garage
  • Driveway

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Natural Gas Not Available
  • Electric Water Heater
  • Internet Available
  • Cable TV Available

Additional Features

  • Shed
  • City Lot

Listing and Financial Details

  • Tax Lot 030
  • Assessor Parcel Number FAID-000023-000000-000030

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Community Storage Space

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.32
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Going north in Fairfield on College Avenue turn left onto Cottage Street at Cacciatore's closed restaurant. House is second on left.
  • Above Grade Finished Sq Ft: 1900.0
  • Architectural Style: Colonial, New Englander
  • Building Stories: 2
  • Year Built: 1920
  • Attribution Contact: office@surette-realestate.com
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 41.84
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.32
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1900.0
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: 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
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Storage: Yes
  • Water Heater:Electric2: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Roof:Metal: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:BrickMortar2: Yes
  • Building Info:_pound_ Stories2: 2
  • Foundation Materials:Block3: Yes
  • Style:Colonial: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Basement:Dirt Floor: Yes
  • Equipment:Internet Access Available: Yes
  • Property Information:Bank Owned REO: No
  • Equipment:Cable: Yes
  • Exterior:Aluminum Siding: Yes
  • Style:New Englander: Yes
  • Building Info:_pound_ Floors3: 2
  • Other Structures:Shed: Yes
  • Advertising Remarks:Advertising Remarks: INVESTORS TAKE NOTICE! Over $1600 per month in rental income on this low maintenance two-family! Two spacious units; one 2-bedroom and one 3-bedroom. First floor is rented; second is ready for tenants. A great investment! Or consider to owner occupy and have rental income pay your mortgage, PLUS! Separate heating, hot water & electric systems. Metal roof, attached storage areas, nice yard, single car garage. Can easily be converted back to a single family. A great investment either way! Well maintained.
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Dirt Floor, Full, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Fireplace: No
  • Flooring: Vinyl, Tile, Laminate, Carpet
  • Interior Amenities: Storage
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Intown, Near Town
  • Waterfront: No
  • Construction Type: Aluminum Siding, Wood Frame
  • Foundation Details: Block, Concrete Perimeter, Brick/Mortar
  • Other Structures: Shed(s)
  • Roof: Metal, Shingle

Garage/Parking

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

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Air
  • 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: 13939.2
  • Parcel #: FAID-000023-000000-000030
  • Zoning: Urban res

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2292.0
  • Tax Lot: 030
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 27, 2019
Sold by
Cottage Estates Inc
Bought by
Sinclair Alton F and Sinclair Barbara J
Current Estimated Value
$215,126

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Outstanding Balance
$92,346
Interest Rate
3.8%
Mortgage Type
New Conventional
Estimated Equity
$122,780

Purchase Details

Listed on
Jul 20, 2016
Closed on
May 9, 2017
Sold by
Priestley Adele L
Bought by
Bray Michael
Seller's Agent
Robbin Eusebio
Surette Real Estate
Buyer's Agent
Cheryl Bardwell
Surette Real Estate
List Price
$105,000
Sold Price
$79,500
Premium/Discount to List
-$25,500
-24.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.12%

Purchase Details

Closed on
Feb 19, 2015
Sold by
Adele L Priestley T
Bought by
Priestley Adele L
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
Sinclair Alton F -- --
Bray Michael -- --
Priestley Adele L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sinclair Alton F $105,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/05/2017 05/05/17 Sold $79,500 -24.3% $42 / Sq Ft
03/03/2017 03/03/17 Pending -- -- --
07/13/2016 07/13/16 For Sale $105,000 -- $55 / 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
2023 $2,270 $105,600 $19,100 $86,500
2022 $2,218 $105,600 $19,100 $86,500
2021 $2,323 $105,600 $19,100 $86,500
2020 $2,355 $105,600 $19,100 $86,500
2019 $2,355 $105,600 $19,100 $86,500
2018 $2,408 $105,600 $19,100 $86,500
2017 $2,408 $105,600 $19,100 $86,500
2016 $2,365 $105,600 $19,100 $86,500
2015 $2,292 $105,600 $19,100 $86,500
2014 $2,138 $105,600 $19,100 $86,500
2013 $2,138 $105,600 $19,100 $86,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1274720

Maine Listings

APN: FAID-000023-000000-000030