NOT LISTED FOR SALE

5 S Main St Mechanic Falls, ME 04256

Estimated Value: $393,000 - $461,246

-- Bed
4 Baths
5,376 Sq Ft
$81/Sq Ft Est. Value

Last Sold January 18, 2022

Last sale price $335,000 $62 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $2,761/month

100 Days on Market

Highlights

  • River Front
  • Property is near public transit
  • Porch
  • Deck
  • No HOA
  • Cooling Available

About This Home

As of January 2022

spectacular 4 unit with commercial space. Upscale apartment building brand new three bedroom two bath unit , other units redone within the last 5 years. Commercail space has high visabilty to jumpstart any venture you choose. Four deeded parking spaces,,lot abuts the town parking lot for downtown, two spaces on street parking out front. All apartments complete with appliances. Move in ready and enjoy.

Last Agent to Sell the Property

Lori Hart

Berkshire Hathaway HomeServices Northeast Real Estate Listed on: 07/23/2021

Berkshire Hathaway HomeServices Northeast Real Estate

Last Buyer's Agent

Kayla Sterling

North Point Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,952

Lot Details

  • 6,098 Sq Ft Lot
  • River Front
  • Level Lot
  • Open Lot

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Stone Foundation
  • Pitched Roof
  • Shingle Roof
  • Rolled or Hot Mop Roof
  • Masonry

Interior Spaces

  • 4 Full Bathrooms
  • 5,376 Sq Ft Home
  • Multi-Level Property
  • Water Views

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Brick Basement
  • Interior Basement Entry

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking

Outdoor Features

  • Deck
  • Porch

Location

  • Property is near public transit
  • Property is near a golf course
  • City Lot

Utilities

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

Listing and Financial Details

  • Tax Lot 105
  • Assessor Parcel Number MECH-000020-000000-000105

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $8,692
  • Gross Income $46,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,952

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.14
  • Road Surface Type: Paved
  • Water Body Name: Little Androscoggin
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 5376.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 9999
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.14
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 5376.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat Fuel:Oil: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Cooling:Heat Pump3: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Basement:Unfinished: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Income Expenses Gross Income: 46200.0
  • Income Expenses Operating Expenses: 8692.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Roof:Pitched: Yes
  • Basement:BrickMortar: Yes
  • Equipment:Internet Access Available: Yes
  • Roof:RolledHot Mop: Yes
  • Exterior:Brick: Yes
  • Location:Near Railroad: Yes
  • Construction:Masonry: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Brick/Mortar, Full, Interior Entry, Unfinished
  • Full Bathrooms: 4
  • Flooring: Other
  • Interior Amenities: Pantry
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Intown, Near Golf Course, Near Shopping, Near Railroad
  • Waterfront Features: River
  • Waterfront: No
  • Construction Type: Brick, Masonry
  • Foundation Details: Stone, Brick/Mortar
  • Patio And Porch Features: Deck, Porch
  • Roof: Pitched, Rolled/Hot Mop, Shingle
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level, Washer Hookup
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Heat Pump, 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: 6098.4
  • Parcel #: MECH-000020-000000-000105
  • Zoning: 1

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 46200.0
  • Annual Operating Expense: 8692.0

Tax Info

  • Tax Annual Amount: 4952.0
  • Tax Book Number: 10155
  • Tax Lot: 105
  • Tax Map Number: 020
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2021
Closed on
Jan 18, 2022
Sold by
Fennessey Scott J and Fennessey Sheila A
Bought by
M & M Ranch T
Seller's Agent
Lori Hart
Berkshire Hathaway HomeServices Northeast Real Estate
Buyer's Agent
Kayla Sterling
North Point Realty LLC
List Price
$595,000
Sold Price
$335,000
Premium/Discount to List
-$260,000
-43.7%
Current Estimated Value
$433,062

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,062
Avg. Annual Appreciation
9.51%
Original Mortgage
$243,750
Outstanding Balance
$226,312
Interest Rate
3.05%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$241,602

Purchase Details

Closed on
Aug 6, 2019
Sold by
Fennessy Sheila A
Bought by
Fennessy Scott J and Fennessy Sheila A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,400
Interest Rate
3.7%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Range of Values:

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Average Value
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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
M & M Ranch T $335,000 None Available
Stopa $335,000 None Available
Fennessy Scott J -- --
Fennessy Scott J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stopa $243,750
Closed Stopa $243,750
Previous Owner Fennessy Scott J $158,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/18/2022 01/18/22 Sold $335,000 -43.7% $62 / Sq Ft
11/01/2021 11/01/21 Pending -- -- --
07/23/2021 07/23/21 For Sale $595,000 -- $111 / 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 $5,693 $369,676 $65,050 $304,626
2023 $5,175 $369,676 $65,050 $304,626
2022 $5,136 $230,853 $28,832 $202,021
2021 $4,986 $230,853 $28,832 $202,021
2020 $4,952 $230,853 $28,832 $202,021
2019 $3,966 $189,292 $28,832 $160,460
2018 $4,127 $189,292 $28,832 $160,460
2017 $4,164 $189,292 $28,832 $160,460
2016 $4,036 $189,292 $28,832 $160,460
2015 $4,051 $189,292 $28,832 $160,460
2014 $4,013 $189,292 $28,832 $160,460
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2022

    Lori Hart

    Berkshire Hathaway HomeServices Northeast Real Estate

    (207) 577-7620

    2 in this area

    26 Total Sales

    Lori Hart
    Section Image

  • K

    Buyer's Agent in 2022

    Kayla Sterling

    North Point Realty LLC

See All Agents

Map

Source: Maine Listings

MLS Number: 1502116

Maine Listings

APN: MECH-000020-000000-000105

Maine Androscoggin County Mechanic Falls 04256

5 S Main St, Mechanic Falls, ME

This home is located at 5 S Main St, Mechanic Falls, ME 04256 since 23 July 2021 and is currently estimated at $433,062, approximately $80 per square foot. 5 S Main St is a home located in Androscoggin County with nearby schools including Elm Street School - Mechanic Falls and Poland Spring Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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