NOT LISTED FOR SALE

553 Main St Old Town, ME 04468

Estimated Value: $252,000 - $301,000

5 Beds
3 Baths
2,936 Sq Ft
$98/Sq Ft Est. Value

Last Sold December 13, 2013

Last sale price $122,000 $42 Per Sq Ft

Est. 135% increase in value since last sale

Current estimated payment $1,819/month

105 Days on Market

Highlights

  • Country Club
  • Main Floor Bedroom
  • Interior Lot
  • Wood Flooring
  • No HOA
  • Zoned Heating

About This Home

As of December 2013

Large three unit in good shape. Easy to rent with clean apts and plenty of parking. Close to UMaine and on bus line. Natural gas at street for quick payback to convert from oil. Newer roof. Many updates.

Last Agent to Sell the Property

John Colannino

ERA Dawson-Bradford Co. Listed on: 04/05/2013

Last Buyer's Agent

Richard Trott Jr.

Trott Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,718

Year Built

  • Built in 1930

Lot Details

  • 8,712 Sq Ft Lot
  • Interior Lot
  • Level Lot
  • Open Lot

Home Design

  • Brick Foundation
  • Block Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,936 Sq Ft Home
  • 2-Story Property
  • Laundry on main level

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 3 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Partial Basement
  • Dirt Floor

Parking

  • Driveway
  • Paved Parking

Location

  • Property is near golf course
  • City Lot

Utilities

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

Listing and Financial Details

  • Tax Lot 34
  • Assessor Parcel Number 553Main StreetOldTown2734

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Recreation

  • Country Club

Building Details

  • Operating Expense $9,987
  • Gross Income $31,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,718

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Main St. to 553 at corner of Darmouth st.
  • Above Grade Finished Sq Ft: 2936.0
  • Architectural Style: Other Style
  • Building Stories: 2
  • Year Built: 1930
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 41.55
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.2
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2936.0
  • 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:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: 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
  • Basement:Partial: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:BrickMortar2: Yes
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 31200.0
  • Income Expenses Operating Expenses: 9987.0
  • Foundation Materials:Block3: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Basement:Dirt Floor: Yes
  • Basement:Slab2: Yes
  • Property Information:Deed Restrictions: Unknown
  • Water Heater:Oil2: Yes
  • Location:Near Country Club: Yes
  • Advertising Remarks:Advertising Remarks: Large three unit in good shape. Easy to rent with clean apts and plenty of parking. Close to UMaine and on bus line. Natural gas at street for quick payback to convert from oil. Newer roof. Many updates.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Dirt Floor, Full, Other, Partial
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl
  • Interior Amenities: 1st Floor Bedroom
  • Full Basement: Yes
  • Location:Interior Lot: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Interior Lot, Intown, Near Golf Course, Near Shopping, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Block, Other, Slab, Brick/Mortar
  • Roof: Shingle

Garage/Parking

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

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8712.0
  • Parcel #: 553Main StreetOldTown2734
  • Zoning: Gen Res

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 31200.0
  • Annual Operating Expense: 9987.0

Tax Info

  • Tax Annual Amount: 2718.0
  • Tax Lot: 34
  • Tax Year: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2013
Closed on
Dec 16, 2013
Sold by
Gomm Andrew M and Gomm Jodi L
Bought by
Wickett Keith A
Seller's Agent
John Colannino
ERA Dawson-Bradford Co.
Buyer's Agent
Richard Trott Jr.
Trott Real Estate
List Price
$149,900
Sold Price
$122,000
Premium/Discount to List
-$27,900
-18.61%
Current Estimated Value
$287,094

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,094
Avg. Annual Appreciation
7.32%
Original Mortgage
$85,400
Outstanding Balance
$63,654
Interest Rate
4.14%
Mortgage Type
New Conventional
Estimated Equity
$223,440
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Wickett Keith A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wickett Keith A $85,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/13/2013 12/13/13 Sold $122,000 -18.6% $42 / Sq Ft
07/26/2013 07/26/13 Pending -- -- --
04/11/2013 04/11/13 For Sale $149,900 -- $51 / 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 $3,998 $225,900 $18,300 $207,600
2023 $3,998 $225,900 $18,300 $207,600
2022 $3,123 $148,700 $15,900 $132,800
2020 $3,324 $145,400 $15,400 $130,000
2019 $3,324 $145,400 $15,400 $130,000
2018 $2,858 $145,400 $15,400 $130,000
2017 $3,250 $145,400 $15,400 $130,000
2016 $3,066 $145,400 $15,400 $130,000
2015 $3,077 $145,400 $15,400 $130,000
2014 $2,939 $145,400 $15,400 $130,000
2013 $2,718 $145,400 $15,400 $130,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1086845

Maine Listings

APN: OLDN-000027-000000-000034