NOT LISTED FOR SALE

529 Maine Ave Farmingdale, ME 04344

Estimated Value: $355,000

3 Beds
8 Baths
-- Sq Ft
0.9 Acres

Last Sold December 12, 2017

Last sale price $245,000

Est. 45% increase in value since last sale

Current estimated payment $2,491/month

Highlights

  • Federal Architecture
  • 6 Fireplaces
  • Hot Water Heating System
  • Wood Flooring
  • No HOA
  • Level Lot

About This Home

As of December 2017

Currently 7 units in main building plus a small 1 BR detached house. Main building formerly had 2 large first floor commercial tenants plus apartments. Located in high traffic count area near numerous established businesses. Ideal location on busy Rt. 201 for fast food, bank, convenience store or other commercial venture. Broker owned.

Last Agent to Sell the Property

Phil Barter

McAllister Real Estate Listed on: 10/27/2017

Last Buyer's Agent

James Pepin

Sprague & Curtis Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,742

Year Built

  • Built in 1834

Lot Details

  • 0.9 Acre Lot
  • Level Lot
  • Open Lot

Home Design

  • Federal Architecture
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 8 Full Bathrooms
  • 2-Story Property
  • 6 Fireplaces

Flooring

  • Wood
  • Carpet

Basement

  • Exterior Basement Entry
  • Dirt Floor

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Outbuilding

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Hot Water Heating System
  • Natural Gas Not Available

Community Details

  • No Home Owners Association
  • 8 Units

Listing and Financial Details

  • Tax Lot 145
  • Assessor Parcel Number 529Maine AvenueFarmingd31145

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,742

Year Built

Built in 1834

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.9
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Heading north from Gardiner on Rt. 201, property is on right just before Agway, approximately 1.5 miles north of Gardiner.
  • Architectural Style: Federal
  • Year Built: 1834
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.9
  • Property Information:Total Baths: 8.0
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 8
  • Basement:Dirt Floor: Yes
  • Building Info:_pound_ Fireplaces3: 6
  • Parking:Paved3: Yes
  • Style:Federal: Yes
  • Foundation Materials:Granite2: Yes
  • Electric:Fuses: Yes
  • Building Info:_pound_ Floors3: 2
  • Other Structures:Out Building: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Dirt Floor, Exterior Entry, Bulkhead
  • Full Bathrooms: 8
  • Fireplaces: 6
  • Fireplace: Yes
  • Flooring: Wood, Carpet
  • Stories: 2

Exterior Features

  • Lot Features: Level, Open Lot, Retail Strip
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Granite
  • Other Structures: Outbuilding
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 11 - 20 Spaces, Paved

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water
  • Heating Yn: Yes
  • Electric: Fuses, Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 39204.0
  • Parcel #: 529Maine AvenueFarmingd31145
  • Zoning: none

Multi Family

  • Number Of Units Total: 8

Tax Info

  • Tax Annual Amount: 4742.0
  • Tax Book Number: 4036
  • Tax Lot: 145
  • Tax Map Number: 31
  • Tax Year: 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 28, 2021
Sold by
Grants Crossing Llc
Bought by
River Rail Pointe Llc
Current Estimated Value
$355,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Outstanding Balance
$388,823
Interest Rate
2.67%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$33,823

Purchase Details

Listed on
Oct 27, 2017
Closed on
Dec 13, 2017
Sold by
Grants Crossing Assoc
Bought by
Grants Crossing Llc
Seller's Agent
Phil Barter
McAllister Real Estate
Buyer's Agent
James Pepin
Sprague & Curtis Real Estate
List Price
$259,900
Sold Price
$245,000
Premium/Discount to List
-$14,900
-5.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.92%
Original Mortgage
$196,000
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
River Rail Pointe Llc -- None Available
Grants Crossing Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open River Rail Pointe Llc $432,000
Previous Owner Grants Crossing Llc $196,000
Previous Owner Grants Crossing Assoc $105,000
Previous Owner Grants Crossing Assoc $65,000
Previous Owner Grants Crossing Assoc $89,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2017 12/12/17 Sold $245,000 -5.7% --
10/28/2017 10/28/17 Pending -- -- --
10/27/2017 10/27/17 For Sale $259,900 -- --
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 $6,866 $286,100 $99,300 $186,800
2023 $6,380 $286,100 $99,300 $186,800
2022 $5,865 $286,100 $99,300 $186,800
2021 $4,978 $286,100 $99,300 $186,800
2020 $5,007 $286,100 $99,300 $186,800
2019 $5,068 $295,500 $99,300 $196,200
2018 $4,817 $295,500 $99,300 $196,200
2017 $4,743 $295,500 $99,300 $196,200
2016 $4,536 $295,500 $99,300 $196,200
2015 $4,211 $295,500 $99,300 $196,200
2014 $4,137 $295,500 $99,300 $196,200
2013 $3,901 $295,500 $99,300 $196,200
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Maine Listings

MLS Number: 1331140

Maine Listings

APN: FARE-000031-000000-000145