NOT LISTED FOR SALE

514 Hancock St Rumford, ME 04276

Rumford Area

Estimated Value: $192,000 - $298,000

Studio
4 Baths
4,264 Sq Ft
$56/Sq Ft Est. Value

Sale Details

Date Sold: February 22, 2022

Last sale price $165,000 $39 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $1,496 / mo

24 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Zoned Heating
  • Main Floor Bedroom
  • Storage
  • Property is near shops

About This Home

As of February 2022

The owners have taken great pride in the care of this building. Code requiremnts have been met, this 4 unit building is in great condition with original hardwood floors, kitchen cabinets, and beautiful woodwork. Each unit has 2 bedrooms, 1 bath and laundry hook-ups. The front and back entrances are neat and clean plus there is off street paring at the rear of the property. Call today to view this amazing multi-unit! #2183

Last Agent to Sell the Property

Sally Arsenault

Riverside Realty Listed on: 11/20/2021

Last Buyer's Agent

Roger Whitehouse

The Whittemore Realty Group

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,007

Year Built

  • Built in 1922

Lot Details

  • 4,792 Sq Ft Lot
  • Open Lot
  • Lot Has A Rolling Slope

Home Design

  • Flat Roof Shape
  • Stone Foundation
  • Wood Frame Construction
  • Membrane Roofing
  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Storage
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 4 Full Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Sump Pump

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking
  • On-Site Parking

Location

  • Property is near shops
  • City Lot

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Oil Water Heater

Listing and Financial Details

  • Exclusions: 0
  • Tax Lot 173
  • Assessor Parcel Number RUMF-000113-000000-000173

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $14,975
  • Gross Income $28,620

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,007

Year Built

Built in 1922

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From Mexico and Route 2 West up Lincoln Ave to the lights turn right onto Hancock Street to property on the right.
  • Above Grade Finished Sq Ft: 3444.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1922
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 56.04
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.11
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 3444.0
  • Property Information:SqFt Finished Below Grade: 820.0
  • Property Information:Garage: No
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Percent Basement Finished: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Amenities:Storage: Yes
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Property Information:Number of Units: 4
  • Foundation Materials:Stone: Yes
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 28620.0
  • Income Expenses Operating Expenses: 14974.79
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Parking:Paved3: Yes
  • Property Information:Short Sale Continue to Show: No
  • Site:RollingSloping: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Water Heater:Oil2: Yes
  • Basement:Sump Pump: Yes
  • Roof:Membrane: Yes
  • Roof:Flat: Yes
  • Building Info:_pound_ Floors3: 4
  • Advertising Remarks:Advertising Remarks: The owners have taken great pride in the care of this building. Code requiremnts have been met, this 4 unit building is in great condition with original hardwood floors, kitchen cabinets, and beautiful woodwork. Each unit has 2 bedrooms, 1 bath and laundry hook-ups. The front and back entrances are neat and clean plus there is off street paring at the rear of the property. Call today to view this amazing multi-unit! #2183
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Bulkhead, Finished, Full, Sump Pump, Exterior Entry, Interior Entry, Walk-Out Access
  • Full Bathrooms: 4
  • Below Grade Sq Ft: 820.0
  • Fireplace: No
  • Flooring: Wood, Vinyl, Carpet
  • Interior Amenities: 1st Floor Bedroom, Storage
  • Stories: 4
  • Full Basement: Yes

Exterior Features

  • Lot Features: Open Lot, Rolling Slope, Intown, Near Shopping, Neighborhood
  • Waterfront: No
  • Exclusions: 0
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Stone
  • Roof: Flat, Membrane

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved, Common, On Site

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: RSU 10

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4791.6
  • Parcel #: RUMF-000113-000000-000173
  • Zoning: residential

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 28620.0
  • Annual Operating Expense: 14974.79

Tax Info

  • Tax Annual Amount: 2007.03
  • Tax Lot: 173
  • Tax Year: 2022

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2021
Closed on
Feb 22, 2022
Sold by
Bought by
Seller's Agent
Sally Arsenault
Riverside Realty
Buyer's Agent
Roger Whitehouse
The Whittemore Realty Group
List Price
$193,000
Sold Price
$165,000
Premium/Discount to List
-$28,000
-14.51%
Current Estimated Value
$237,172

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,172
Avg. Annual Appreciation
8.38%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$165,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $20,989
Closed $8,618
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/22/2022 02/22/22 Sold $165,000 -14.5% $39 / Sq Ft
12/15/2021 12/15/21 Pending -- -- --
11/20/2021 11/20/21 For Sale $193,000 -- $45 / Sq Ft
Source: Maine Listings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,345 $125,200 $18,600 $106,600
2024 $2,081 $125,200 $18,600 $106,600
2023 $1,983 $89,400 $13,300 $76,100
2022 $1,983 $89,400 $13,300 $76,100
2021 $2,007 $89,400 $13,300 $76,100
2020 $2,020 $89,400 $13,300 $76,100
2019 $1,746 $57,240 $3,500 $53,740
2018 $1,703 $57,240 $3,500 $53,740
2017 $1,651 $57,240 $3,500 $53,740
2016 $1,603 $57,240 $3,500 $53,740
2015 $1,571 $57,240 $3,500 $53,740
2014 $1,543 $57,240 $3,500 $53,740
Source: Public Records

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Map

Source: Maine Listings

MLS Number: 1515218

Maine Listings

APN: RUMF-000113-000000-000173

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