NOT LISTED FOR SALE

504 Ossipee Trail Porter, ME 04068

Estimated Value: $473,000 - $587,000

Studio
3 Baths
3,500 Sq Ft
$150/Sq Ft Est. Value

Last Sold January 21, 2022

Last sale price $280,000 $80 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $3,272/month

83 Days on Market

Highlights

  • Nearby Water Access
  • Scenic Views
  • Contemporary Architecture
  • In Ground Pool
  • 6 Acre Lot
  • Farm

About This Home

As of January 2022

Income property! This three-unit multifamily with a large commercial space has endless investment opportunities. Situated on 6 acres in beautiful Porter Village, this property has worn many hats in its lifetime. Formerly an antique store, ice cream parlor, mini golf business, and most recently a health food store and dairy goat farm. Have your mortgage and more paid while you occupy the spacious 3 bedroom unit while running your dream business steps from your front door. There's an additional 3 bedroom unit available, and even a one bedroom if you don't need the extra space. Perks of the property include an oversized greenhouse supplied with electric and an indoor, inground pool just waiting to be brought back to life. Sitting along busy Rt. 25, this is a prime spot for any business. Convenience store, daycare, ice cream shop, you decide! Backup offers welcome.

Last Agent to Sell the Property

Carla Wakefield

Maine Real Estate Experts Listed on: 10/04/2021

Last Buyer's Agent

NON-MREIS AGENT

Non MREIS Agency

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,535

Year Built

  • Built in 1947

Lot Details

  • 6 Acre Lot
  • Rural Setting
  • Level Lot
  • Open Lot
  • Wooded Lot

Property Views

  • Scenic Vista
  • Woods
  • Mountain

Home Design

  • Contemporary Architecture
  • Block Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 3 Full Bathrooms
  • 3,500 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Tile
  • Vinyl

Parking

  • Common or Shared Parking
  • Gravel Driveway
  • Shared Driveway

Outdoor Features

  • In Ground Pool
  • Nearby Water Access
  • Shed
  • Outbuilding

Location

  • Property is near golf course
  • City Lot

Farming

  • Farm
  • Crops
  • Agricultural
  • Pasture

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Heating System Uses Wood
  • Heat Pump System
  • Baseboard Heating
  • Private Water Source
  • Well
  • Electric Water Heater
  • Private Sewer

Listing and Financial Details

  • Tax Lot 03
  • Assessor Parcel Number PORR-000007U-000000-000003

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $11,856
  • Gross Income $8,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,535

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 6.0
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: GPS friendly.
  • Above Grade Finished Sq Ft: 3500.0
  • Architectural Style: Contemporary, Ranch
  • Garage Yn: No
  • Year Built: 1947
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 100.0
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 6.0
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3500.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Amenities:Pool-In Ground: Yes
  • Amenities:Storage: Yes
  • Heat Fuel:Electric: Yes
  • Cooling:Heat Pump3: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Amenities:One-Floor Living: Yes
  • Roof:Metal: Yes
  • Style:Ranch: Yes
  • Property Information:Number of Units: 3
  • Income Expenses Gross Income: 8400.0
  • Income Expenses Operating Expenses: 11856.0
  • Foundation Materials:Block3: Yes
  • Exterior:Wood Siding: Yes
  • Sewer:Private Sewer: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Heat Fuel:Wood2: Yes
  • Location:Rural: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Site:Wooded: Yes
  • View:TreesWoods: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Property Information:Deed Restrictions: Unknown
  • Water:Well Existing on Site: Yes
  • Property Information:Bank Owned REO: No
  • View:Scenic: Yes
  • View:Fields: Yes
  • View:Mountain(s): Yes
  • Site:Agriculture: Yes
  • Site:Farm: Yes
  • Site:PastureField: Yes
  • Site:Harvestable Crops: Yes
  • Building Info:_pound_ Floors3: 1
  • Other Structures:Shed: Yes
  • Other Structures:Out Building: Yes
  • Advertising Remarks:Advertising Remarks: Income property! This three-unit multifamily with a large commercial space has endless investment opportunities. Situated on 6 acres in beautiful Porter Village, this property has worn many hats in its lifetime. Formerly an antique store, ice cream parlor, mini golf business, and most recently a health food store and dairy goat farm. Have your mortgage and more paid while you occupy the spacious 3 bedroom unit while running your dream business steps from your front door. There's an additional 3 bedroom unit available, and even a one bedroom if you don't need the extra space. Perks of the property include an oversized greenhouse supplied with electric and an indoor, inground pool just waiting to be brought back to life. Sitting along busy Rt. 25, this is a prime spot for any business. Convenience store, daycare, ice cream shop, you decide! Backup offers welcome.
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: None, Not Applicable
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl, Tile
  • Interior Amenities: 1st Floor Bedroom, One-Floor Living, Storage
  • Stories: 1

Exterior Features

  • Lot Features: Harvestable Crops, Farm, Agriculture, Level, Open Lot, Wooded, Pasture, Intown, Near Golf Course, Near Shopping, Near Town, Rural
  • Pool Features: In Ground
  • View: Trees/Woods, Mountain(s), Scenic, Fields
  • Waterfront: No
  • Construction Type: Wood Siding, Wood Frame
  • Foundation Details: Block
  • Other Structures: Outbuilding, Shed(s)
  • Roof: Metal, Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 21+ Spaces, Gravel, Common

Utilities

  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Forced Air, Baseboard, Hot Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer
  • Utilities: Utilities On
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 261360.0
  • Parcel #: PORR-000007U-000000-000003
  • Zoning: Commercial

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 8400.0
  • Annual Operating Expense: 11856.0

Tax Info

  • Tax Annual Amount: 3535.0
  • Tax Lot: 03
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 26, 2023
Sold by
Allen Steven and Joffre Matthew
Bought by
504 Ossipee Trail Rt
Current Estimated Value
$526,570

Purchase Details

Listed on
Oct 4, 2021
Closed on
Jan 21, 2022
Sold by
Hastings Katherine
Bought by
Joffre Matthew and Allen Steven
Seller's Agent
Carla Wakefield
Maine Real Estate Experts
Buyer's Agent
NON-MREIS AGENT
Non MREIS Agency
List Price
$350,000
Sold Price
$280,000
Premium/Discount to List
-$70,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.06%
Original Mortgage
$142,500
Interest Rate
3.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 16, 2012
Sold by
Nickerson Marie Amber Est and Nickerson
Bought by
Nickerson Marie A

Purchase Details

Closed on
Nov 16, 2005
Sold by
Gilpatrick Pauline M
Bought by
Lajoie Jason A and Bachelder Nichole P
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
504 Ossipee Trail Rt -- None Available
Joffre Matthew -- None Available
Nickerson Marie A -- --
Nickerson Marie A -- --
Lajoie Jason A -- --
Lajoie Jason A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Joffre Matthew $142,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/21/2022 01/21/22 Sold $280,000 -20.0% $80 / Sq Ft
10/06/2021 10/06/21 Pending -- -- --
07/14/2021 07/14/21 For Sale $350,000 +199.4% $100 / Sq Ft
12/19/2013 12/19/13 Sold $116,900 -41.5% $33 / Sq Ft View Prior Sale
10/08/2013 10/08/13 Pending -- -- --
04/13/2013 04/13/13 For Sale $199,900 -- $57 / 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 $5,732 $590,900 $76,000 $514,900
2024 $4,137 $347,623 $54,400 $293,223
2023 $3,814 $217,100 $35,000 $182,100
2022 $3,604 $217,112 $35,000 $182,112
2021 $3,604 $217,112 $35,000 $182,112
2020 $3,535 $217,112 $35,000 $182,112
2019 $3,658 $217,112 $35,000 $182,112
2018 $3,658 $217,112 $35,000 $182,112
2017 $3,604 $217,112 $35,000 $182,112
2016 $3,278 $217,112 $35,000 $182,112
2014 $5,395 $399,660 $89,735 $309,925
2013 -- $399,660 $89,735 $309,925
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1500539

Maine Listings

APN: PORR-000007U-000000-000003