Seller's Agent in 2025
Penney Read
Midcoast Realty Group
(207) 701-1230
35 in this area
94 Total Sales
50 Summer St Rockland, ME 04841
--
Bed
11
Baths
8,936
Sq Ft
0.42
Acres
Highlights
- Nearby Water Access
- Wood Flooring
- Zoned Heating
- Colonial Architecture
- No HOA
- Landscaped
About This Home
As of March 2025Charming and well maintained 11-unit property in downtown Rockland is accessible to all that Rockland has to offer. There are 6 two bedroom and 5, one-bedroom units in this building, with parking for all units. Carefully maintained and upgraded in the past five years, with renovations to most of the units. Exterior painting will be completed prior to closing. This property has longtime residents who enjoy their bright and spacious apartments and would like to continue to live in the building. All new sewer exit lines and pumps in Sept. 2023. The property will convey with a MSHA loan at 5.75% to a qualified buyer.
Note: this property is owned by a relative of the real estate broker. Seller concessions available.
Last Buyer's Agent
Stephanie Henry
ERA Dawson-Bradford Co.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,484
Year Built
- Built in 1874
Lot Details
- 0.42 Acre Lot
- Landscaped
- Level Lot
- Open Lot
Parking
- 2 Car Garage
- Gravel Driveway
Home Design
- Colonial Architecture
- New Englander Architecture
- Victorian Architecture
- Wood Frame Construction
- Composition Roof
- Clap Board Siding
- Clapboard
Interior Spaces
- 11 Full Bathrooms
- 8,936 Sq Ft Home
- 3-Story Property
Flooring
- Wood
- Carpet
- Vinyl
Unfinished Basement
- Brick Basement
- Interior Basement Entry
Utilities
- No Cooling
- Zoned Heating
- Heating System Uses Oil
- Heating System Uses Propane
- Baseboard Heating
- Hot Water Heating System
- Electric Water Heater
Additional Features
- Nearby Water Access
- City Lot
Listing and Financial Details
- Exclusions: all fixtures convey
- Tax Lot E-3
- Assessor Parcel Number ROCD-000022E-000000-003000
Community Details
Overview
- No Home Owners Association
- 11 Units
- The community has rules related to deed restrictions
Building Details
- Operating Expense $57,123
- Gross Income $122,400
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/10/2025 03/10/25 | Sold | $950,000 | 0.0% | $106 / Sq Ft |
| 04/04/2024 04/04/24 | Pending | -- | -- | -- |
| 03/28/2024 03/28/24 | Price Changed | $950,000 | -4.0% | $106 / Sq Ft |
| 01/22/2024 01/22/24 | For Sale | $990,000 | +72.2% | $111 / Sq Ft |
| 03/11/2019 03/11/19 | Sold | $575,000 | -15.4% | $76 / Sq Ft |
| 06/18/2018 06/18/18 | Pending | -- | -- | -- |
| 12/15/2017 12/15/17 | For Sale | $680,000 | -- | $90 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
Agents Affiliated with this Home
-
Penney Read
-
S
Buyer's Agent in 2025
Stephanie Henry
ERA Dawson-Bradford Co.
-
D
Seller's Agent in 2019
Douglas Erickson
Better Homes & Gardens Real Estate/The Masiello Group
Map
Source: Maine Listings
MLS Number: 1580845
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