NOT LISTED FOR SALE

538 Albion Rd Unity, ME 04988

Estimated Value: $156,000 - $425,000

3 Beds
4 Baths
2,800 Sq Ft
$121/Sq Ft Est. Value

Last Sold July 17, 2023

Last sale price $355,000 $127 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $2,221/month

92 Days on Market

Highlights

  • Contemporary Architecture
  • No HOA
  • Heating System Uses Propane
  • Wood Flooring
  • Level Lot

About This Home

As of July 2023

Don't miss your chance to own this well maintained and clean 4 Unit Muli Family Property! Property consists of one 1 bedroom unit, two 2 bedroom units and one 3 bedroom units! Great cash flow! Purchase this as an investment property or choose to live in one of the units while you collect the rents for your mortgage. Unit 3 is currently being remodeled and will be finished soon.

Last Listed By

Jennifer Greeley

Coldwell Banker Plourde Real Estate Listed on: 03/13/2023

Coldwell Banker Plourde Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,145

Lot Details

  • 3.54 Acre Lot
  • Rural Setting
  • Level Lot

Parking

  • Gravel Driveway

Home Design

  • Contemporary Architecture
  • Stone Foundation
  • Wood Frame Construction
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 4 Full Bathrooms
  • 2,800 Sq Ft Home
  • 2-Story Property
  • Exterior Basement Entry

Flooring

  • Wood
  • Laminate

Utilities

  • No Cooling
  • Heating System Uses Propane
  • Heating System Mounted To A Wall or Window
  • Private Water Source
  • Gas Water Heater
  • Private Sewer

Listing and Financial Details

  • Tax Lot 24
  • Assessor Parcel Number UNIW-000004-000000-000024

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $13,600
  • Gross Income $51,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,145

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 3.54
  • Road Surface Type: Paved
  • Co List Office Mls Id: 1114
  • Co List Office Phone: 207-872-7650
  • MLS Status: Closed
  • Directions: From Benton, follow 139 E to Unity. Turn right onto US 202 W/Main Street and drive 2.8 miles to property on left.
  • Above Grade Finished Sq Ft: 2800.0
  • Architectural Style: Contemporary
  • Garage Yn: No
  • Year Built: 9999
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 3.54
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 2800.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Water Heater:Gas: Yes
  • Exterior:Vinyl Siding: Yes
  • Roof:Metal: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 4
  • Foundation Materials:Stone: Yes
  • Income Expenses Gross Income: 51600.0
  • Income Expenses Operating Expenses: 13600.0
  • Sewer:Private Sewer: Yes
  • Property Information:Short Sale Continue to Show: No
  • Location:Rural: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Heat System:Direct Vent Heater: Yes
  • Building Info:_pound_ Floors3: 2
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Bulkhead, Exterior Entry
  • Full Bathrooms: 4
  • Flooring: Wood, Laminate
  • Stories: 2

Exterior Features

  • Lot Features: Level, Rural
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Stone
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Gravel

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Heater
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer
  • Utilities: Utilities On
  • Water Source: Private

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: RSU 03/MSAD 03

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 154202.4
  • Parcel #: UNIW-000004-000000-000024
  • Zoning: 11 Residential

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 51600.0
  • Annual Operating Expense: 13600.0

Tax Info

  • Tax Annual Amount: 2145.0
  • Tax Book Number: 2626
  • Tax Lot: 24
  • Tax Map Number: 4
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2023
Closed on
Jul 17, 2023
Sold by
Woodbury Paul
Bought by
Burdick Raymond
Seller's Agent
Jennifer Greeley
Coldwell Banker Plourde Real Estate
Buyer's Agent
Kirk Toth
Strategic Real Estate Services
List Price
$425,000
Sold Price
$355,000
Premium/Discount to List
-$70,000
-16.47%
Total Days on Market
92
Current Estimated Value
$339,435

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,565
Avg. Annual Appreciation
-2.47%
Original Mortgage
$305,000
Outstanding Balance
$299,207
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$40,228

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
Burdick Raymond $355,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burdick Raymond $305,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2023 07/17/23 Sold $355,000 -16.5% $127 / Sq Ft
06/13/2023 06/13/23 Pending -- -- --
03/13/2023 03/13/23 For Sale $425,000 -- $152 / 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
2022 $2,145 $134,900 $30,100 $104,800
2021 $2,179 $134,900 $30,100 $104,800
2020 $2,354 $134,900 $30,100 $104,800
2019 $2,354 $134,900 $30,100 $104,800
2018 $2,260 $134,900 $30,100 $104,800
2017 $1,328 $134,900 $30,100 $104,800
2016 $1,407 $134,900 $30,100 $104,800
2014 $1,997 $134,900 $30,100 $104,800
2013 $1,808 $134,900 $30,100 $104,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1551143

Maine Listings

APN: UNIW-000004-000000-000024