R
Seller's Agent in 2023
Ryan Arsenault
Cassie Mason Real Estate
(207) 890-4284
18 in this area
78 Total Sales
56 Spruce St Rumford, ME 04276
Estimated Value: $230,000 - $281,558
Studio
4.5
Baths
3,336
Sq Ft
$75/Sq Ft
Est. Value
Highlights
- Ski Resort
- Wood Flooring
- 2 Car Detached Garage
- Nearby Water Access
- No HOA
- Porch
About This Home
As of November 2023Introducing a lucrative investment opportunity - a meticulously maintained 4-unit apartment building with a unique twist. This property boasts three spacious 2-bedroom units on the upper floors, catering to tenants seeking comfortable living spaces. However, what sets this property apart is its versatile basement unit. Originally used as a commercial hair salon, this space includes 2 bedrooms and 2.5 bathrooms, offering the potential for a seamless return to commercial use if desired. Recent updates contribute to the property's appeal, with a brand-new roof installed in July 2023, ensuring durability and minimizing maintenance costs. A Buderus hot water furnace provides reliable heating for all units, enhancing tenant satisfaction and reducing operational concerns. Notably, this building is fully occupied, generating a positive cash flow for the discerning investor. Its history of proper care and maintenance speaks to its longevity and continued profitability. Whether you're seeking an income-generating asset or contemplating the advantages of commercial use, this property offers both, making it a standout opportunity in the market. Don't miss the chance to seize this prime investment that combines stability with potential for growth.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,231
Year Built
- Built in 1927
Lot Details
- 7,405 Sq Ft Lot
- Level Lot
Parking
- 2 Car Detached Garage
- Common or Shared Parking
- Shared Driveway
- On-Street Parking
- Off-Street Parking
Home Design
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 3,336 Sq Ft Home
- Multi-Level Property
Flooring
- Wood
- Vinyl
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Outdoor Features
- Nearby Water Access
- Outbuilding
- Porch
Location
- Property is near shops
- 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
- Exclusions: Refrigerator in apartment #2 not include
- Tax Lot 024
- Assessor Parcel Number RUMF-000117-000000-000024
Community Details
Overview
- No Home Owners Association
- 4 Units
Recreation
- Ski Resort
Building Details
- Operating Expense $7,200
- Gross Income $32,400
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 1, 2023
Closed on
Nov 14, 2023
Sold by
Bought by
Seller's Agent
Ryan Arsenault
Cassie Mason Real Estate
Buyer's Agent
Paula Brush
Hebert Realty Group
List Price
$235,000
Sold Price
$245,000
Premium/Discount to List
$10,000
4.26%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,140
Avg. Annual Appreciation
0.98%
Original Mortgage
$240,562
Outstanding Balance
$235,107
Interest Rate
7.49%
Mortgage Type
FHA
Estimated Equity
$16,033
Purchase Details
Closed on
Jun 6, 2013
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $245,000 | None Available | ||
| $245,000 | None Available | ||
| -- | -- | ||
| -- | -- | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $240,562 | ||
| Closed | $240,562 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/14/2023 11/14/23 | Sold | $245,000 | +4.3% | $73 / Sq Ft |
| 10/03/2023 10/03/23 | Pending | -- | -- | -- |
| 09/01/2023 09/01/23 | For Sale | $235,000 | -- | $70 / Sq Ft |
Source: Maine Listings
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $2,635 | $140,700 | $17,300 | $123,400 |
| 2024 | $2,338 | $140,700 | $17,300 | $123,400 |
| 2023 | $2,231 | $100,600 | $12,400 | $88,200 |
| 2022 | $2,231 | $100,600 | $12,400 | $88,200 |
| 2021 | $2,258 | $100,600 | $12,400 | $88,200 |
| 2020 | $2,274 | $100,600 | $12,400 | $88,200 |
| 2019 | $2,333 | $76,504 | $5,500 | $71,004 |
| 2018 | $2,276 | $76,504 | $5,500 | $71,004 |
| 2017 | $2,207 | $76,504 | $5,500 | $71,004 |
| 2016 | $2,142 | $76,504 | $5,500 | $71,004 |
| 2015 | $2,100 | $76,504 | $5,500 | $71,004 |
| 2014 | $2,062 | $76,504 | $5,500 | $71,004 |
Source: Public Records
Agents Affiliated with this Home
-
Ryan Arsenault
-
Matt Pingree
Seller Co-Listing Agent in 2023
Matt Pingree
Amnet Realty
(207) 357-8891
69 in this area
205 Total Sales
-
Paula Brush
P
Buyer's Agent in 2023
Paula Brush
Hebert Realty Group
(475) 236-1273
13 in this area
21 Total Sales
Map
Source: Maine Listings
MLS Number: 1570795
APN: RUMF-000117-000000-000024
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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