NOT LISTED FOR SALE

5 Second Ave Baileyville, ME 04694

Estimated Value: $126,000 - $265,000

Studio
5 Baths
3,976 Sq Ft
$56/Sq Ft Est. Value

Sale Details

Date Sold: February 28, 2022

Last sale price $88,500 $22 Per Sq Ft

Est. 150% increase in value since last sale

Current estimated payment $1,486 / mo

506 Days on Market

Highlights

  • Raised Ranch Architecture
  • Corner Lot
  • Landscaped
  • 2 Fireplaces
  • No HOA
  • 2-minute walk to Baileyville Recreation Department

About This Home

As of February 2022

MANY OPTIONS AVAILABLE! Great investment opportunity with this 4 unit property. Main level consist of a 4 bedroom 2 bathroom unit. Large family room with a fireplace and a bright sunny kitchen and dining room. Lower level consists of 2 efficiency units with a kitchen, bathroom and bedroom area. Also a 2 bedroom 1 bathroom unit with kitchen and living room with fireplace. Lower level contains a laundry room for all units. Building is concrete block with a metal roof. This 4 unit property is in need of some TLC.

Last Agent to Sell the Property

Ann Bellefleur

Due East Real Estate Listed on: 06/08/2020

Last Buyer's Agent

Melissa Small

Due East Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,988

Year Built

  • Built in 1960

Lot Details

  • 16,988 Sq Ft Lot
  • Landscaped
  • Corner Lot
  • Level Lot

Parking

  • 1 Car Garage
  • Carport
  • Gravel Driveway

Home Design

  • Raised Ranch Architecture
  • Concrete Foundation
  • Metal Roof
  • Block Exterior
  • Concrete Perimeter Foundation
  • Masonry

Interior Spaces

  • 5 Full Bathrooms
  • 2-Story Property
  • 2 Fireplaces
  • Laundry on main level

Flooring

  • Carpet
  • Laminate
  • Concrete

Finished Basement

  • Walk-Out Basement
  • Interior Basement Entry

Location

  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Propane
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 025
  • Assessor Parcel Number BAIL-000018-000000-000025

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $15,000
  • Gross Income $25,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,988

Year Built

Built in 1960

Lot Details

0.39 Acres

Parking

1

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.39
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Rt #1 to Second Ave. Property is on the left
  • Above Grade Finished Sq Ft: 1988.0
  • Architectural Style: Raised Ranch
  • Garage Yn: Yes
  • Building Stories: 2
  • Year Built: 1960
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 65.39
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.39
  • Property Information:Total Baths: 5.0
  • Property Information:SqFt Finished Above Grade: 1988.0
  • Property Information:SqFt Finished Below Grade: 1988.0
  • Property Information:Garage: Yes
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Percent Basement Finished: Yes
  • Basement:Walkout Access: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Water Heater:Gas: Yes
  • Property Information:Garage Spaces: 1.0
  • Heat Fuel:Electric: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Roof:Metal: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 4
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 25000.0
  • Income Expenses Operating Expenses: 15000.0
  • Amenities:Laundry - 1st Floor: Yes
  • Building Info:_pound_ Fireplaces3: 2
  • Driveway:Gravel: Yes
  • Heat System:Direct Vent Heater: Yes
  • Floors:Concrete2: Yes
  • Vehicle Storage:Carport: Yes
  • Style:Raised Ranch: Yes
  • Construction:Masonry: Yes
  • Exterior:Block2: Yes
  • Advertising Remarks:Advertising Remarks: undefined
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Walk-Out Access, Finished, Interior Entry
  • Full Bathrooms: 5
  • Below Grade Sq Ft: 1988.0
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Laminate, Concrete, Carpet

Exterior Features

  • Lot Features: Corner Lot, Level, Landscaped, Intown, Near Shopping, Near Town, Neighborhood
  • Waterfront: No
  • Construction Type: Block, Masonry
  • Foundation Details: Concrete Perimeter
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: 5 - 10 Spaces, Gravel, Paved, Carport

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Other Heat System, Direct Vent Heater
  • 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: 16988.4
  • Parcel #: BAIL-000018-000000-000025
  • Zoning: Residential

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 25000.0
  • Annual Operating Expense: 15000.0

Tax Info

  • Tax Annual Amount: 1988.0
  • Tax Lot: 025
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2020
Closed on
Feb 28, 2022
Sold by
Leavitt Juliee A
Bought by
Preston Jay J and Robb Candace A
Seller's Agent
Ann Bellefleur
Due East Real Estate
Buyer's Agent
Melissa Small
Due East Real Estate
List Price
$149,000
Sold Price
$88,500
Premium/Discount to List
-$60,500
-40.6%
Current Estimated Value
$221,202

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,702
Avg. Annual Appreciation
25.24%
Original Mortgage
$57,525
Outstanding Balance
$53,110
Interest Rate
3.55%
Mortgage Type
Commercial
Estimated Equity
$168,092

Purchase Details

Closed on
Aug 14, 2019
Sold by
Leavitt Rhoda L Est
Bought by
Leavitt Julie A

Purchase Details

Closed on
Aug 4, 2006
Sold by
Haskins Blanche E
Bought by
Leavitt Rhoda L
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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Purchase History

Date Buyer Sale Price Title Company
Preston Jay J $88,500 None Available
Leavitt Julie A -- --
Leavitt Rhoda L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Preston Jay J $57,525
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2022 02/28/22 Sold $88,500 -40.6% $22 / Sq Ft
10/28/2021 10/28/21 Pending -- -- --
06/08/2020 06/08/20 For Sale $149,000 -- $37 / Sq Ft
Source: Maine Listings

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 $3,537 $181,400 $14,600 $166,800
2024 $2,831 $150,600 $12,200 $138,400
2023 $2,447 $128,100 $10,200 $117,900
2022 $2,137 $108,500 $8,500 $100,000
2021 $2,192 $108,500 $8,500 $100,000
2020 $2,048 $99,900 $8,500 $91,400
2019 $1,988 $99,900 $8,500 $91,400
2018 $1,768 $99,900 $8,500 $91,400
2017 $1,668 $99,900 $8,500 $91,400
2016 $1,668 $99,900 $8,500 $91,400
2015 $2,038 $99,900 $8,500 $91,400
2014 $2,048 $99,900 $8,500 $91,400
2013 $1,951 $89,900 $8,500 $81,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1455358

Maine Listings

APN: BAIL-000018-000000-000025

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