NOT LISTED FOR SALE

52 Main St Madison, ME 04950

Estimated Value: $148,000 - $304,590

-- Bed
4 Baths
7,096 Sq Ft
$32/Sq Ft Est. Value

Last Sold October 31, 2022

Last sale price $250,000 $35 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $1,395/month

Highlights

  • Wood Flooring
  • Cooling Available
  • Coin Laundry
  • No HOA
  • Baseboard Heating
  • Level Lot

About This Home

As of October 2022

12491 - Investors take a look at this opportunity! So many possibilities here. Upstairs has four rented apartment that have had an overhaul in recent years. New windows, kitchens, bathrooms to name a few. The downstairs has two large office space rentals with beautiful old tin ceilings. Lots of storage, public and private bathrooms at the end of the hall. Great location in town for the convenience of town amenities and visibility. Must see!

Last Agent to Sell the Property

Abby Nichols

Allied Realty Listed on: 08/09/2022

Last Buyer's Agent

Aaron Bolster

Allied Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,633

Year Built

  • Built in 1900

Lot Details

  • 5,227 Sq Ft Lot
  • Level Lot

Parking

  • Gravel Driveway

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction

Interior Spaces

  • 7,096 Sq Ft Home
  • 2-Story Property
  • Laundry on upper level

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Full Bathrooms
  • Shower Only

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Location

  • City Lot

Utilities

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

Listing and Financial Details

  • Tax Lot 115
  • Assessor Parcel Number MADN-000019-000000-000115

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Coin Laundry
  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,633

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.12
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: At lights in Madison, turn onto Main Street. Property on corner of Main and Maple.
  • Above Grade Finished Sq Ft: 7096.0
  • Architectural Style: Other Style
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 38.61
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.12
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 7096.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Baseboard: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Storage: Yes
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Cooling:Heat Pump3: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Shower: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 4
  • Foundation Materials:BrickMortar2: Yes
  • Building Info:_pound_ Stories2: 2
  • Driveway:Gravel: Yes
  • Exterior:Brick: Yes
  • Foundation Materials:Granite2: Yes
  • Building Info:_pound_ Floors3: 2
  • Amenities:Laundry - Coin: Yes
  • Advertising Remarks:Advertising Remarks: 12491 - Investors take a look at this opportunity! So many possibilities here. Upstairs has four rented apartment that have had an overhaul in recent years. New windows, kitchens, bathrooms to name a few. The downstairs has two large office space rentals with beautiful old tin ceilings. Lots of storage, public and private bathrooms at the end of the hall. Great location in town for the convenience of town amenities and visibility. Must see!
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Full, Interior Entry
  • Full Bathrooms: 4
  • Fireplace: No
  • Flooring: Wood, Laminate, Carpet
  • Interior Amenities: Other, Shower, Storage
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Intown
  • Waterfront: No
  • Construction Type: Brick, Wood Frame
  • Foundation Details: Granite, Brick/Mortar
  • Roof: Other

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Gravel

Utilities

  • Laundry Features: Upper Level, Laundry - Coin
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Heat Pump, 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 59/MSAD 59

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5227.2
  • Parcel #: MADN-000019-000000-000115
  • Zoning: None

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 2633.0
  • Tax Lot: 115
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2022
Closed on
Oct 31, 2022
Sold by
Her Little Secret Llc
Bought by
Champman Brady T and Champman Jennifer L
Seller's Agent
Abby Nichols
Allied Realty
Buyer's Agent
Aaron Bolster
Allied Realty
List Price
$274,000
Sold Price
$250,000
Premium/Discount to List
-$24,000
-8.76%
Views
12
Current Estimated Value
$226,295

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$23,705
Avg. Annual Appreciation
-3.10%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Champman Brady T -- None Available
Champman Brady T -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2022 10/31/22 Sold $250,000 -8.8% $35 / Sq Ft
08/09/2022 08/09/22 Pending -- -- --
08/09/2022 08/09/22 For Sale $274,000 -- $39 / 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 $2,521 $156,600 $26,500 $130,100
2023 $2,266 $135,700 $22,500 $113,200
2022 $2,642 $142,100 $17,600 $124,500
2021 $2,633 $135,600 $16,800 $118,800
2020 $2,763 $130,000 $16,800 $113,200
2019 $2,763 $130,000 $16,800 $113,200
2018 $2,912 $130,000 $16,800 $113,200
2017 $2,795 $130,000 $16,800 $113,200
2016 $2,730 $130,000 $16,800 $113,200
2015 $2,535 $130,000 $16,800 $113,200
2014 $2,535 $130,000 $16,800 $113,200
2013 $2,279 $130,000 $16,800 $113,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1539440

Maine Listings

APN: MADN-000019-000000-000115