NOT LISTED FOR SALE

56 Elm St Camden, ME 04843

Estimated Value: $1,365,268

-- Bed
9 Baths
9,440 Sq Ft
$145/Sq Ft Est. Value

Last Sold October 14, 2021

Last sale price $1,120,000 $119 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $8,568/month

7 Days on Market

Highlights

  • Contemporary Architecture
  • No HOA
  • Level Lot
  • Camden-Rockport Elementary School Rated A-
  • Baseboard Heating
  • 5-minute walk to Camden Hills State Park

About This Home

As of October 2021

Recently renovated complex. Includes nine residential units and three commercial spaces. Prime location downtown Camden. Short distance to shopping, banks, restaurants and town office. THE RENTAL INFORMATION HEREIN EXCLUDES THE THREE COMMERCIAL UNITS. THE LARGE RENTAL UNIT IS LEASED WITH THE RENT OF $2,000.00 PERMONTH.THE OWNER IS CONSIDERING LEASING ON OFTHE SMALLER COMMERCIAL UNITS. THE THIRD COMMERCIAL UNIT IS VACANT AND READY FOR LEASING.

Last Agent to Sell the Property

Douglas Erickson

SVN The Masiello Group Listed on: 02/17/2021

SVN The Masiello Group

Last Buyer's Agent

Aaron Crossman

Legacy Properties Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,872

Year Built

  • Built in 1876

Lot Details

  • 0.25 Acre Lot
  • Level Lot

Home Design

  • Contemporary Architecture
  • Stone Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 9 Full Bathrooms
  • 9,440 Sq Ft Home
  • 2-Story Property
  • Interior Basement Entry

Flooring

  • Carpet
  • Laminate
  • Vinyl

Parking

  • No Driveway
  • Off-Site Parking

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Baseboard Heating
  • Hot Water Heating System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • 9 Units

Listing and Financial Details

  • Tax Lot 142
  • Assessor Parcel Number CAMD-000119-000142

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,872

Year Built

Built in 1876

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.25
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Property is located within 110 feet West of the intersection of Union and Elm Street.
  • Above Grade Finished Sq Ft: 9440.0
  • Architectural Style: Contemporary
  • Garage Yn: No
  • Year Built: 1876
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.25
  • Property Information:Total Baths: 9.0
  • Property Information:SqFt Finished Above Grade: 9440.0
  • Property Information:Garage: No
  • Site:Level: 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
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 9
  • Property Information:Short Sale Continue to Show: No
  • Basement:Slab2: Yes
  • Parking:Off Site: Yes
  • Driveway:No Driveway: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Foundation Materials:Granite2: Yes
  • Building Info:_pound_ Floors3: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Interior Entry
  • Full Bathrooms: 9
  • Flooring: Vinyl, Laminate, Carpet
  • Stories: 2

Exterior Features

  • Lot Features: Level, Sidewalks
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Granite, Slab
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Driveway, Off Site

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Baseboard, Hot Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10890.0
  • Parcel #: CAMD-000119-000142
  • Zoning: B-1

Multi Family

  • Number Of Units Total: 9

Tax Info

  • Tax Annual Amount: 10872.0
  • Tax Book Number: 5515
  • Tax Lot: 142
  • Tax Map Number: 119
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2025
Sold by
Mcgillivary Alexander and Mcgillivary Jessica
Bought by
56 Elm Llc
Current Estimated Value
$1,365,268

Purchase Details

Listed on
Feb 17, 2021
Closed on
Oct 14, 2021
Sold by
Elm Street Holdings Llc
Bought by
Mcgillivary Alex and Mcgillivary Jessica
Seller's Agent
Douglas Erickson
SVN The Masiello Group
Buyer's Agent
Aaron Crossman
Legacy Properties Sotheby's International Realty
List Price
$1,200,000
Sold Price
$1,120,000
Premium/Discount to List
-$80,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.50%
Original Mortgage
$840,000
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 12, 2012
Sold by
Lowe Charles C Est and Lowe
Bought by
Lowe Charles C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.99%
Mortgage Type
Commercial
Source: Public Records

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
56 Elm Llc -- None Available
56 Elm Llc -- None Available
Mcgillivary Alex -- None Available
Mcgillivary Alex -- None Available
Lowe Charles C -- --
Lowe Charles C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcgillivary Alex $840,000
Previous Owner Lowe Charles C $250,000
Previous Owner Lowe Charles C $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2021 10/14/21 Sold $1,120,000 -6.7% $119 / Sq Ft
02/25/2021 02/25/21 Pending -- -- --
02/17/2021 02/17/21 For Sale $1,200,000 -- $127 / 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 $11,887 $1,132,100 $347,500 $784,600
2023 $10,887 $788,900 $254,400 $534,500
2022 $10,413 $788,900 $254,400 $534,500
2021 $11,193 $729,200 $215,700 $513,500
2020 $10,960 $729,200 $215,700 $513,500
2019 $10,872 $729,200 $215,700 $513,500
2018 $10,850 $729,200 $215,700 $513,500
2017 $10,486 $729,200 $215,700 $513,500
2016 $11,900 $763,300 $211,700 $551,600
2015 $11,549 $763,300 $211,700 $551,600
2014 $11,014 $763,300 $211,700 $551,600
2013 $10,717 $763,300 $211,700 $551,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1482259

Maine Listings

APN: CAMD-000119-000142