NOT LISTED FOR SALE

51 Main St Jay, ME 04239

Estimated Value: $242,000 - $358,000

-- Bed
4 Baths
3,819 Sq Ft
$73/Sq Ft Est. Value

Last Sold December 28, 2022

Last sale price $205,000 $54 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $1,725/month

127 Days on Market

Highlights

  • No HOA
  • Cooling Available
  • Baseboard Heating
  • 2 Car Garage
  • Ceiling Fan
  • Level Lot

About This Home

As of December 2022

Looking for an income producing investment property? This 4 unit building has two 2BR/1BA units and two 3BR/1BA units. All roofs have been replaced within 5-6 years and 1 of the 2 furnaces was replaced in 2016. Off street parking is available for all tenants along with 2 garage spaces. Minutes to schools, shopping, medical and municipal offices. Be an on-site landlord and live rent free!

Last Agent to Sell the Property

Kenneth Jacques

Bean Group Listed on: 08/22/2022

Last Buyer's Agent

Michael Foster

ERA Dawson-Bradford Co.

ERA Dawson-Bradford Co.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,412

Year Built

  • Built in 1930

Lot Details

  • 7,405 Sq Ft Lot
  • Level Lot
  • Open Lot

Parking

  • 2 Car Garage
  • Gravel Driveway

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 4 Full Bathrooms
  • 3,819 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan

Flooring

  • Carpet
  • Laminate
  • Vinyl

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Location

  • City Lot

Utilities

  • Cooling Available
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 040
  • Assessor Parcel Number JAYY-000015-000000-000040

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $12,836
  • Gross Income $36,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,412

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.17
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 3819.0
  • Architectural Style: Other Style
  • Garage Yn: Yes
  • Efficiency: Ceiling Fans
  • Building Stories: 3
  • Year Built: 1930
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.17
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 3819.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Property Information:Garage Spaces: 2.0
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Vehicle Storage:Detached: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 4
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 36600.0
  • Income Expenses Operating Expenses: 12836.0
  • Parking:On Site2: Yes
  • Driveway:Gravel: Yes
  • Energy Efficiency:Ceiling Fans: Yes
  • Building Info:_pound_ Floors3: 3
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Walk-Out Access, Full, Interior Entry
  • Full Bathrooms: 4
  • Fireplace: No
  • Flooring: Vinyl, Laminate, Carpet
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Intown, Near Shopping
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: 5 - 10 Spaces, Gravel, Paved, On Site, Detached

Utilities

  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Hot Water, Baseboard
  • 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: 7405.2
  • Parcel #: JAYY-000015-000000-000040
  • Zoning: per town

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 36600.0
  • Annual Operating Expense: 12836.0

Tax Info

  • Tax Annual Amount: 2412.0
  • Tax Book Number: 2661
  • Tax Lot: 040
  • Tax Map Number: 015
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2022
Closed on
Dec 28, 2022
Sold by
Jacques Ronald P
Bought by
Apollon Patrick O
Seller's Agent
Kenneth Jacques
Bean Group
Buyer's Agent
Michael Foster
ERA Dawson-Bradford Co.
List Price
$225,000
Sold Price
$205,000
Premium/Discount to List
-$20,000
-8.89%
Current Estimated Value
$276,906

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,906
Avg. Annual Appreciation
10.12%
Original Mortgage
$253,732
Outstanding Balance
$247,215
Interest Rate
6.61%
Mortgage Type
FHA
Estimated Equity
$17,429

Purchase Details

Closed on
Sep 23, 2005
Sold by
Stpierre Raymond J and Stpierre Judith M
Bought by
Jacques Ronald P
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
Apollon Patrick O $205,000 None Available
Jacques Ronald P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Apollon Patrick O $253,732
Previous Owner Jacques Ronald P $50,000
Previous Owner Jacques Ronald P $125,088
Previous Owner C G & D G Dev Llc $0
Previous Owner Cg & Dg Dev Llc $29,850
Previous Owner C G & D G Dev Llc $30,000
Previous Owner C G & D G Dev Llc $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2022 12/28/22 Sold $205,000 -8.9% $54 / Sq Ft
08/22/2022 08/22/22 For Sale $225,000 -- $59 / 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 $2,589 $117,680 $11,040 $106,640
2023 $2,707 $117,680 $11,040 $106,640
2022 $2,412 $117,680 $11,040 $106,640
2021 $2,412 $117,680 $11,040 $106,640
2020 $961 $117,680 $11,040 $106,640
2019 $3,046 $117,680 $11,040 $106,640
2018 $293 $117,680 $11,040 $106,640
2017 $1,996 $117,680 $11,040 $106,640
2016 $2,807 $117,680 $11,040 $106,640
2015 $2,030 $117,680 $11,040 $106,640
2014 $1,853 $117,680 $11,040 $106,640
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1540795

Maine Listings

APN: JAYY-000015-000000-000040