NOT LISTED FOR SALE

5 Summer St Orono, ME 04473

Estimated Value: $359,000 - $422,000

5 Beds
2.5 Baths
2,676 Sq Ft
$146/Sq Ft Est. Value

Last Sold May 01, 2023

Last sale price $330,000 $123 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,476/month

13 Days on Market

Highlights

  • River Front
  • River Nearby
  • Wood Flooring
  • Orono Middle School Rated A
  • Cape Cod Architecture
  • Main Floor Bedroom

About This Home

As of May 2023

Attention Orono buyers! A spacious single-family home OR a great income producing property. Offering just under 2700 feet of finished space, 5 bedrooms and 2.5 bathrooms there is room for a large growing family. Conveniently located in downtown and also close proximity to the university, rent out a few bedrooms and pay your mortgage. Many updates have been made to the house in the last few years including a new propane furnace and electrical panel in 2022. Relax in the evening next to the fire while enjoying the river view. Situated in the heart of Orono and walking distance to restaurants and all downtown has to offer. Get your showing scheduled today!

Last Agent to Sell the Property

Sarah Ryan

NextHome Experience Listed on: 03/21/2023

NextHome Experience

Last Buyer's Agent

Sarah Ryan

Harris Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,943

Year Built

  • Built in 1870

Lot Details

  • 0.38 Acre Lot
  • River Front
  • Lot Has A Rolling Slope

Parking

  • 2 Car Direct Access Garage
  • Driveway

Property Views

  • Water
  • Scenic Vista

Home Design

  • Cape Cod Architecture
  • Farmhouse Style Home
  • Stone Foundation
  • Wood Frame Construction
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • Family Room
  • Dining Room
  • Den

Kitchen

  • Gas Range
  • Dishwasher
  • Butcher Block Countertops

Flooring

  • Wood
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Bathtub

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Natural lighting in basement

Outdoor Features

  • River Nearby

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Propane
  • Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 33
  • Assessor Parcel Number ORON-027012-000000-000033

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,943

Year Built

Built in 1870

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.38
  • Road Surface Type: Paved
  • Water Body Name: Penobscot River
  • MLS Status: Closed
  • Directions: GPS Friendly - sign is up.
  • Above Grade Finished Sq Ft: 2268.0
  • Architectural Style: Cape, Farmhouse, Other Style
  • Garage Yn: Yes
  • Year Built: 1870
  • Location Information:Leased Land: No
  • Location Information:HERS Certified: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.38
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2268.0
  • Property Information:SqFt Finished Below Grade: 408.0
  • Property Information:Garage: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Basement:Daylight: Yes
  • Percent Basement Finished: Yes
  • Basement:Walkout Access: Yes
  • Heat System:Forced Air: Yes
  • Appliances Included:Dishwasher: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Style:Cape: 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: 2.0
  • Exterior:Vinyl Siding: Yes
  • Roof:Metal: Yes
  • Vehicle Storage:Direct Entry to Living: Yes
  • Dining Room:Dining Room: Yes
  • Floors:Laminate: Yes
  • Foundation Materials:Stone: Yes
  • Amenities:Bathtub: Yes
  • Appliances Included:Cooktop: Yes
  • Recreational Water:RiverBrookStream: Yes
  • Site:RollingSloping: Yes
  • Family Room:Family Room: Yes
  • Appliances Included:Gas Range: Yes
  • View:Scenic: Yes
  • Den:Den: Yes
  • Kitchen Countertop:Butcher Block: Yes
  • Property Sub-Type Property Sub-Type: Single Family Residence
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Gas Range, Dishwasher, Cooktop
  • Has Basement: Walk-Out Access, Daylight, Finished, Full, Interior Entry
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 408.0
  • Fireplace: No
  • Interior Amenities: 1st Floor Bedroom, Bathtub
  • Full Basement: Yes
  • Bedroom 2 Level: First
  • Bedroom 3 Level: First
  • Bedroom 4 Bedroom 4 Level: Second
  • Dining Room Dining Room Level: First
  • Kitchen Kitchen Level: First
  • Bedroom 1:Bedroom 1 Level: First
  • Bedroom 5:Bedroom 5 Level: Second

Exterior Features

  • Lot Features: Rolling Slope, Near Town
  • View: Scenic
  • Waterfront Features: River
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Stone
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: 5 - 10 Spaces, Paved, Inside Entrance

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 16552.8
  • Parcel #: ORON-027012-000000-000033
  • Zoning: RES

Tax Info

  • Tax Annual Amount: 4943.0
  • Tax Book Number: 16044
  • Tax Lot: 33
  • Tax Map Number: 27-12
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2021
Closed on
May 28, 2021
Sold by
Chris Pepin Prop Llc
Bought by
Raye Thomas
Seller's Agent
Augustine Ofili
ERA Dawson-Bradford Co.
Buyer's Agent
Linda Gardiner
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$235,000
Sold Price
$260,000
Premium/Discount to List
$25,000
10.64%
Current Estimated Value
$390,414

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,414
Avg. Annual Appreciation
9.77%
Original Mortgage
$265,980
Outstanding Balance
$241,186
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$149,228

Purchase Details

Listed on
Apr 5, 2021
Closed on
Apr 30, 2021
Sold by
Vanmaanen Gary and Vanmaanen Geraldine
Bought by
Chris Pepein Prop Llc
Seller's Agent
Augustine Ofili
ERA Dawson-Bradford Co.
Buyer's Agent
Linda Gardiner
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$235,000
Sold Price
$260,000
Premium/Discount to List
$25,000
10.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,980
Outstanding Balance
$241,186
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$149,228
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
Raye Thomas -- None Available
Chris Pepein Prop Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Raye Thomas $265,980
Closed Chris Pepein Prop Llc $148,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2023 05/01/23 Sold $330,000 +3.4% $123 / Sq Ft
04/03/2023 04/03/23 Pending -- -- --
03/21/2023 03/21/23 For Sale $319,000 +22.7% $119 / Sq Ft
05/27/2021 05/27/21 Sold $260,000 +10.6% $97 / Sq Ft
04/01/2021 04/01/21 Pending -- -- --
10/16/2020 10/16/20 For Sale $235,000 -- $88 / 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 $4,876 $228,400 $49,900 $178,500
2023 $4,860 $207,700 $45,400 $162,300
2022 $4,943 $207,700 $45,400 $162,300
2021 $4,933 $207,700 $45,400 $162,300
2020 $4,584 $163,200 $33,100 $130,100
2019 $4,317 $163,200 $33,100 $130,100
2018 $4,406 $163,200 $33,100 $130,100
2017 $4,243 $163,200 $33,100 $130,100
2016 $4,056 $163,200 $33,100 $130,100
2015 $4,064 $163,200 $33,100 $130,100
2014 $3,974 $163,200 $33,100 $130,100
2013 $3,868 $163,200 $33,100 $130,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1554270

Maine Listings

APN: ORON-027012-000000-000033