NOT LISTED FOR SALE

5 Owl Ln Bridgton, ME 04009

Estimated Value: $379,012 - $408,000

-- Bed
3 Baths
2,520 Sq Ft
$156/Sq Ft Est. Value

Last Sold November 21, 2024

Last sale price $375,000 $149 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,242/month

13 Days on Market

Highlights

  • View of Trees or Woods
  • Wooded Lot
  • Main Floor Bedroom
  • Deck
  • Wood Flooring
  • No HOA

About This Home

As of November 2024

Dreaming of an investment opportunity? This property is your nod from the cosmos! Sitting in serene & beautiful Bridgton, this home offers three low-maintenance two-bedroom, one bath apartments. The main floor is home to Unit A where a cute country kitchen, cozy living room, two bedrooms and a full bath await. The second floor's Unit B is cheerful & bright, with a seamless layout that mimics the main floor, plus a deck. The third floor's Unit C glows with recent updates, skylights for soaking up the sun & stars, and (another) deck. Separate utilities, coin-operated laundry, abundant parking, a shed and a sizable back yard make life a breeze for tenant & landlord alike. Bridgton is the definition of bucolic, with lakes and mountains as your backyard playground and ''rush hour'' defined by deer crossing the road. Skiing, hiking, swimming, biking & more are a facet of daily life in this pristine place. Bursting with small-town charm and bigtime beauty, this locale has every amenity you need, from gas to groceries to dinner at one of several local spots. Opportunity is knocking - come take a look!

Last Agent to Sell the Property

Bridget King Jason Miller

King + Miller Real Estate Brokerage Email: info@kingmillerrealestate.com Listed on: 09/16/2024

Last Buyer's Agent

Jim Nadeau

Landvest, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,160

Year Built

  • Built in 1850

Lot Details

  • 0.94 Acre Lot
  • Property fronts a private road
  • Dirt Road
  • Rural Setting
  • Landscaped
  • Lot Has A Rolling Slope
  • Wooded Lot

Home Design

  • Concrete Foundation
  • Pillar, Post or Pier Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Metal Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,520 Sq Ft Home
  • 3-Story Property
  • Low Emissivity Windows
  • Views of Woods

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 3 Full Bathrooms
  • Bathtub
  • Shower Only

Basement

  • Exterior Basement Entry
  • Dirt Floor
  • Crawl Space

Parking

  • Common or Shared Parking
  • Gravel Driveway
  • Shared Driveway
  • Paved Parking
  • On-Site Parking
  • Off-Street Parking

Accessible Home Design

  • Doors are 32 inches wide or more
  • Level Entry For Accessibility

Outdoor Features

  • Deck
  • Shed
  • Porch

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Propane
  • Heating System Mounted To A Wall or Window
  • Private Water Source
  • Well
  • Electric Water Heater
  • Septic System
  • Private Sewer
  • Internet Available

Listing and Financial Details

  • Exclusions: Freezer
  • Tax Lot 037
  • Assessor Parcel Number BRGT-000002-000037-B000000

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • The community has rules related to deed restrictions

Amenities

  • Coin Laundry

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • Operating Expense $6,626
  • Gross Income $22,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,160

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.94
  • Road Frontage Type: Private
  • Road Surface Type: Gravel
  • MLS Status: Closed
  • Directions: GPS Friendly. Rote 107 to Owl Lane. First property in on the right.
  • Above Grade Finished Sq Ft: 2520.0
  • Architectural Style: Multi-Level, Other Style
  • Garage Yn: No
  • Efficiency: Low E Windows
  • Building Stories: 3
  • Year Built: 1850
  • Attribution Contact: info@kingmillerrealestate.com
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 148.81
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.94
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2520.0
  • Property Information:Garage: No
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Forced Air: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Driveway:Paved2: Yes
  • Roads:Private: Yes
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Amenities:One-Floor Living: Yes
  • Amenities:Shower: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Roof:Metal: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:Stone: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 22200.0
  • Income Expenses Operating Expenses: 6626.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Amenities:Bathtub: Yes
  • Basement:Crawl Space: Yes
  • Foundation Materials:PillarPostPier: Yes
  • Sewer:Private Sewer: Yes
  • Basement:Dirt Floor: Yes
  • Roof:Pitched: Yes
  • Property Information:Short Sale Continue to Show: No
  • Location:Rural: Yes
  • Roads:GravelDirt: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Site:Wooded: Yes
  • View:TreesWoods: Yes
  • Equipment:Internet Access Available: Yes
  • Site:RollingSloping: Yes
  • Property Information:Deed Restrictions: Yes
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Property Information:Bank Owned REO: No
  • Energy Efficiency:Low E Windows: Yes
  • Heat System:Direct Vent Heater: Yes
  • Water Info:Island3: No
  • Accessibilitiy Amenities:Level Entry: Yes
  • Basement Entry:Exterior Only: Yes
  • Building Info:_pound_ Floors3: 3
  • Amenities:Laundry - Coin: Yes
  • Restrictions:Pet: Yes
  • Other Structures:Shed: Yes
  • Advertising Remarks:Advertising Remarks: Dreaming of an investment opportunity? This property is your nod from the cosmos! Sitting in serene & beautiful Bridgton, this home offers three low-maintenance two-bedroom, one bath apartments. The main floor is home to Unit A where a cute country kitchen, cozy living room, two bedrooms and a full bath await. The second floor's Unit B is cheerful & bright, with a seamless layout that mimics the main floor, plus a deck. The third floor's Unit C glows with recent updates, skylights for soaking up the sun & stars, and (another) deck. Separate utilities, coin-operated laundry, abundant parking, a shed and a sizable back yard make life a breeze for tenant & landlord alike. Bridgton is the definition of bucolic, with lakes and mountains as your backyard playground and "rush hour" defined by deer crossing the road. Skiing, hiking, swimming, biking & more are a facet of daily life in this pristine place. Bursting with small-town charm and bigtime beauty, this locale has every amenity you need, from gas to groceries to dinner at one of several local spots. Opportunity is knocking - come take a look!
  • Property Information 2 Detached Houses on 1 Lot: No
  • Accessibilitiy Amenities 32 - 36 Inch Doors: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Accessibility Features: 32 - 36 Inch Doors, Level Entry
  • Has Basement: Dirt Floor, None, Crawl Space, Exterior Only
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl, Carpet
  • Interior Amenities: 1st Floor Bedroom, Bathtub, One-Floor Living, Shower
  • Stories: 3

Exterior Features

  • Lot Features: Right of Way, Rolling Slope, Landscaped, Wooded, Rural
  • View: Trees/Woods
  • Waterfront: No
  • Exclusions: Freezer
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Stone, Pillar/Post/Pier, Concrete Perimeter
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck, Porch
  • Roof: Metal, Pitched
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Gravel, Paved, Common, On Site, Off Street

Utilities

  • Laundry Features: Laundry - Coin
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Direct Vent Heater
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer, Septic Existing on Site
  • Utilities: Utilities On
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: Other Restrictions, Yes

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 40946.4
  • Parcel #: BRGT-000002-000037-B000000
  • Zoning: Res

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 22200.0
  • Annual Operating Expense: 6626.0

Tax Info

  • Tax Annual Amount: 2160.0
  • Tax Lot: 037
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2024
Closed on
Nov 21, 2024
Sold by
Dippolito Edward J
Bought by
Chadbourne Grace
Seller's Agent
Bridget King Jason Miller
King + Miller Real Estate
Buyer's Agent
Jim Nadeau
Landvest, Inc.
List Price
$375,000
Sold Price
$375,000
Views
10
Current Estimated Value
$393,503

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,503
Avg. Annual Appreciation
4.88%
Original Mortgage
$357,651
Outstanding Balance
$353,515
Interest Rate
6.32%
Mortgage Type
FHA
Estimated Equity
$39,988

Purchase Details

Listed on
Aug 24, 2016
Closed on
Mar 1, 2017
Sold by
Dragon Property Llc
Bought by
Dippolito Edward J
Seller's Agent
Rhonda Kenney
Bean Group
Buyer's Agent
Gregory Hoar
Coldwell Banker Team Real Estate
List Price
$135,000
Sold Price
$127,500
Premium/Discount to List
-$7,500
-5.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.98%
Original Mortgage
$125,190
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
May 9, 2011
Sold by
Osterberg Lynn M and Shaffer Ajia R
Bought by
Dragonfly Acres Ret and Frye

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,800
Interest Rate
4.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 20, 2007
Sold by
Snapdragon Llc
Bought by
Dragon Property Llc
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
Chadbourne Grace $375,000 None Available
Chadbourne Grace $375,000 None Available
Dippolito Edward J -- --
Dragonfly Acres Ret -- --
Dragonfly Acres Ret -- --
Dragon Property Llc -- --
Dippolito Edward J -- --
Dragonfly Acres Ret -- --
Dragon Property Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chadbourne Grace $357,651
Closed Chadbourne Grace $357,651
Previous Owner Dippolito Edward J $125,190
Previous Owner Dragonfly Acres Ret $39,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/21/2024 11/21/24 Sold $375,000 0.0% $149 / Sq Ft
09/29/2024 09/29/24 Pending -- -- --
09/16/2024 09/16/24 For Sale $375,000 +194.1% $149 / Sq Ft
02/28/2017 02/28/17 Sold $127,500 -5.6% $51 / Sq Ft View Prior Sale
12/24/2016 12/24/16 Pending -- -- --
08/24/2016 08/24/16 For Sale $135,000 -- $54 / 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 $2,141 $125,571 $35,664 $89,907
2023 $2,160 $125,571 $35,664 $89,907
2022 $1,909 $125,571 $35,664 $89,907
2021 $1,858 $125,571 $35,664 $89,907
2020 $1,877 $125,571 $35,664 $89,907
2019 $1,884 $125,571 $35,664 $89,907
2018 $1,858 $125,571 $35,664 $89,907
2017 $1,921 $125,571 $35,664 $89,907
2016 $1,865 $125,571 $35,664 $89,907
2015 $1,632 $118,726 $43,530 $75,196
2014 $1,669 $118,726 $43,530 $75,196
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1603938

Maine Listings

APN: BRGT-000002-000000-000037B