Seller's Agent in 2024
Kevin Fletcher
Keller Williams Realty
(617) 462-9826
3 in this area
77 Total Sales
51 Pleasant St Mechanic Falls, ME 04256
Estimated Value: $282,000 - $413,000
--
Bed
3.5
Baths
2,964
Sq Ft
$124/Sq Ft
Est. Value
Highlights
- Corner Lot
- Shed
- Baseboard Heating
- No HOA
- Zoned Heating
- Carpet
About This Home
As of March 2024Here is a great investment opportunity! Nestled in the heart of Mechanic Falls, this property offers not just a home, but a lucrative investment with an attached 2 unit building.
Step into the main residence and discover a cozy 3-bedroom, 1.5 bath home that exudes warmth and comfort with charm great charm.
Adjacent to the main house, you'll find a bonus of a two-unit building, each boasting two bedrooms. These units are ideal for generating rental income, providing an excellent opportunity for supplemental earnings or accommodating extended family members.
Situated on a desirable corner lot, this property offers both privacy and convenience. Enjoy the fenced in back yard and large parking area.
Whether you're seeking a profitable investment or a place to call home, this property offers the best of both worlds. Don't miss out on this rare opportunity to own a piece of tranquility in the heart of town, while also enjoying the benefits of rental income.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,250
Year Built
- Built in 1900
Lot Details
- 0.3 Acre Lot
- Corner Lot
Home Design
- Stone Foundation
- Wood Frame Construction
- Pitched Roof
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 2,964 Sq Ft Home
- Multi-Level Property
Flooring
- Carpet
- Laminate
- Vinyl
Unfinished Basement
- Partial Basement
- Interior Basement Entry
Parking
- Driveway
- Paved Parking
- On-Site Parking
Utilities
- No Cooling
- Zoned Heating
- Heating System Uses Oil
- Baseboard Heating
- Hot Water Heating System
- Natural Gas Not Available
Additional Features
- Shed
- City Lot
Listing and Financial Details
- Tax Lot 051
- Assessor Parcel Number MECH-000019-000000-000051
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- Operating Expense $20,164
- Gross Income $51,600
Matterport 3D Tour
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 19, 2024
Closed on
Mar 26, 2024
Sold by
Morin Investments Llc
Bought by
Abdulhay Mustafa
Seller's Agent
Kevin Fletcher
Keller Williams Realty
Buyer's Agent
Mushreq Alsamraee
American Real Estate
List Price
$375,000
Sold Price
$376,000
Premium/Discount to List
$1,000
0.27%
Views
32
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,233
Avg. Annual Appreciation
-1.48%
Original Mortgage
$369,188
Outstanding Balance
$363,556
Interest Rate
6.77%
Mortgage Type
FHA
Estimated Equity
$3,211
Purchase Details
Listed on
Nov 27, 2022
Closed on
Dec 27, 2022
Sold by
Marston Suzanne M
Bought by
Morin Investments Llc
Seller's Agent
Tom Anderson
Realty ONE Group - Compass
Buyer's Agent
Michelle Gosselin
Home At Last Realty
List Price
$225,000
Sold Price
$225,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
50.80%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Abdulhay Mustafa | $376,000 | None Available | |
| Morin Investments Llc | $225,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Abdulhay Mustafa | $369,188 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/26/2024 03/26/24 | Sold | $376,000 | +0.3% | $127 / Sq Ft | |
| 02/26/2024 02/26/24 | Pending | -- | -- | -- | |
| 02/19/2024 02/19/24 | For Sale | $375,000 | +66.7% | $127 / Sq Ft | |
| 12/27/2022 12/27/22 | Sold | $225,000 | 0.0% | $107 / Sq Ft | View Prior Sale |
| 11/27/2022 11/27/22 | For Sale | $225,000 | -- | $107 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
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 | $3,575 | $232,173 | $40,403 | $191,770 |
| 2023 | $3,250 | $232,173 | $40,403 | $191,770 |
| 2022 | $2,899 | $130,301 | $18,290 | $112,011 |
| 2021 | $2,815 | $130,301 | $18,290 | $112,011 |
| 2020 | $2,167 | $130,301 | $18,290 | $112,011 |
| 2019 | $2,730 | $130,301 | $18,290 | $112,011 |
| 2018 | $220 | $130,301 | $18,290 | $112,011 |
| 2017 | $2,867 | $130,301 | $18,290 | $112,011 |
| 2016 | $2,778 | $130,301 | $18,290 | $112,011 |
| 2015 | $2,788 | $130,301 | $18,290 | $112,011 |
| 2014 | $2,762 | $130,301 | $18,290 | $112,011 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin Fletcher
-
Mushreq Alsamraee
M
Buyer's Agent in 2024
Mushreq Alsamraee
American Real Estate
(207) 632-9523
2 in this area
45 Total Sales
-
T
Seller's Agent in 2022
Tom Anderson
Realty ONE Group - Compass
-
C
Seller Co-Listing Agent in 2022
Cynthia Powell
Realty ONE Group - Compass
-
Michelle Gosselin
Buyer's Agent in 2022
Michelle Gosselin
Home At Last Realty
(207) 754-4998
5 in this area
113 Total Sales
Map
Source: Maine Listings
MLS Number: 1582489
APN: MECH-000019-000000-000051
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2025 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
Homes.com, LLC, 17600 Laguna Canyon Rd Irvine, CA 92618 (888)-952-6393
Nearby Homes