NOT LISTED FOR SALE

5 Forest Ave Orono, ME 04473

Estimated Value: $288,000 - $322,984

6 Beds
2 Baths
-- Sq Ft
0.36 Acre Lot

Sale Details

Date Sold: March 25, 2016

Last sale price $125,000

Est. 138% increase in value since last sale

Current estimated payment $1,998 / mo

27 Days on Market

Highlights

  • Country Club
  • Wood Flooring
  • Zoned Heating
  • Orono Middle School Rated A-
  • No HOA
  • Property is near golf course and shops

About This Home

As of March 2016

This 2 unit property in the center of Orono is an ideal location for renters. Great rental history. 3 bedroom unit on the first floor and a 3 bedroom unit on the 2nd floor. Don't miss this rare opportunity to purchase a turn key rental unit in Orono.

Last Agent to Sell the Property

Chad Bradbury

Bean Group Listed on: 01/08/2016

Last Buyer's Agent

NON-MREIS AGENT

Non MREIS Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 15,682 Sq Ft Lot
  • Level Lot
  • Open Lot

Parking

  • Gravel Driveway

Home Design

  • Duplex
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Location

  • Property is near golf course and shops
  • City Lot

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Legal Lot and Block 022 / 002
  • Assessor Parcel Number 5forestavenueoronomaine04473

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Country Club

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0.36 Acres

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.36
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: North on Main Street in Orono. Turn left onto Bennoch Road and a quick left onto Forest Avenue. Property is the 2nd driveway on left.
  • Architectural Style: Duplex
  • Year Built: 1910
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.36
  • Property Information:Total Baths: 2.0
  • Site:Level: Yes
  • Site:Open: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 2
  • Heat System:Multi-Zones: Yes
  • Style:Duplex: Yes
  • Driveway:Gravel: Yes
  • Location:Near Country Club: Yes
  • Advertising Remarks:Advertising Remarks: This 2 unit property in the center of Orono is an ideal location for renters. Great rental history. 3 bedroom unit on the first floor and a 3 bedroom unit on the 2nd floor. Don't miss this rare opportunity to purchase a turn key rental unit in Orono.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Bulkhead, Full, Exterior Entry, Unfinished
  • Full Bathrooms: 2
  • Flooring: Wood, Vinyl
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Intown, Near Golf Course, Near Shopping, Near Town
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Gravel

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, 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: 15681.6
  • Parcel #: 5forestavenueoronomaine04473
  • Zoning: MDR

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3315.0
  • Tax Block: 002
  • Tax Lot: 022
  • Tax Year: 15

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 27, 2020
Sold by
Bought by
Current Estimated Value
$297,735

Purchase Details

Listed on
Jan 8, 2016
Closed on
May 10, 2016
Sold by
Bought by
Seller's Agent
Chad Bradbury
Bean Group
Buyer's Agent
NON-MREIS AGENT
Non MREIS Agency
List Price
$125,000
Sold Price
$125,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.98%
Original Mortgage
$93,760
Interest Rate
0.0365%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 8, 2016
Closed on
Mar 31, 2016
Sold by
Bought by
Seller's Agent
Chad Bradbury
Bean Group
Buyer's Agent
NON-MREIS AGENT
Non MREIS Agency
List Price
$125,000
Sold Price
$125,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,760
Interest Rate
0.0365%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 21, 2007
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
-- --
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $130,000
Closed $93,760
Closed $493,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/25/2016 03/25/16 Sold $125,000 0.0% --
02/05/2016 02/05/16 Pending -- -- --
01/08/2016 01/08/16 For Sale $125,000 -- --
Source: Maine Listings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,680 $235,200 $38,200 $197,000
2024 $4,603 $215,600 $35,000 $180,600
2023 $4,586 $196,000 $31,800 $164,200
2022 $4,665 $196,000 $31,800 $164,200
2021 $4,655 $196,000 $31,800 $164,200
2020 $3,817 $135,900 $46,200 $89,700
2019 $3,595 $135,900 $46,200 $89,700
2018 $3,669 $135,900 $46,200 $89,700
2017 $3,533 $135,900 $46,200 $89,700
2016 $3,377 $135,900 $46,200 $89,700
2015 $3,316 $135,900 $46,200 $89,700
2014 $3,241 $135,900 $46,200 $89,700
2013 $3,153 $135,900 $46,200 $89,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1247814

Maine Listings

APN: ORON-027002-000000-000022

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