$875,000
SOLD OCT 16, 2024

562 Eden St Bar Harbor, ME 04609

-- Bed
5 Baths
4,481 Sq Ft
0.46 Acres

Recently Sold

$195 Per Sq Ft

3% Below List Price

2 Days on Market

Highlights

  • Additional Residence on Property
  • Public Beach
  • Farmhouse Style Home
  • Conners-Emerson School Rated A
  • Wood Flooring
  • No HOA

About This Home

As of October 2024

Unlock the potential of this farmhouse/barn rental opportunity! Featuring 4 one-bedroom units in the farmhouse and an independent barn with a two-bedroom unit and office space. Leverage extra income through long-term rentals or accommodate your employees in this lovely Hulls Cove setting, just across from the ocean. Schedule your appointment today!

Last Agent to Sell the Property

Terri Musetti Needham

Swan Agency Real Estate

Co-Listed By

April McGuire

Swan Agency Real Estate

Last Buyer's Agent

Josh Shelton

Better Homes & Gardens Real Estate/The Masiello Group

Better Homes & Gardens Real Estate/The Masiello Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,629

Year Built

  • Built in 1885

Lot Details

  • 0.46 Acre Lot
  • Public Beach
  • Open Lot

Parking

  • 1 Car Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Farmhouse Style Home
  • Slab Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 5 Full Bathrooms
  • 4,481 Sq Ft Home
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Carpet
  • Vinyl

Additional Homes

  • Additional Residence on Property

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Water Heater

Listing and Financial Details

  • Tax Lot 81
  • Assessor Parcel Number BARH-000216-000000-000081

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Operating Expense $3,200
  • Gross Income $7,250

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,629

Year Built

Built in 1885

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.46
  • Co List Office Mls Id: 1428
  • Co List Office Phone: 207-288-5818
  • MLS Status: Closed
  • Directions: Located next to the store in Hulls Cove.
  • Above Grade Finished Sq Ft: 4481.0
  • Architectural Style: Farmhouse
  • Garage Yn: Yes
  • Year Built: 1885
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.46
  • Property Information:Total Baths: 5.0
  • Property Information:SqFt Finished Above Grade: 4481.0
  • Property Information:Garage: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Heat Fuel:Oil: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Property Information:Garage Spaces: 1.0
  • Exterior:Vinyl Siding: Yes
  • Property Information:Number of Units: 5
  • Income Expenses Gross Income: 7250.0
  • Income Expenses Operating Expenses: 3200.0
  • Location:Near Public Beach: Yes
  • Roof:Pitched: Yes
  • Parking:Paved3: Yes
  • Basement:Slab2: Yes
  • Water Heater:Tank: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Not Applicable
  • Full Bathrooms: 5
  • Flooring: Wood, Vinyl, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Open Lot, Near Public Beach, Near Shopping
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Slab
  • Roof: Pitched, Shingle

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: 1 - 4 Spaces, Paved, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced 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: 20037.6
  • Parcel #: BARH-000216-000000-000081
  • Zoning: ShorelandGenDevelop

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 7250.0
  • Annual Operating Expense: 3200.0

Tax Info

  • Tax Annual Amount: 5629.11
  • Tax Book Number: 7203
  • Tax Lot: 81
  • Tax Map Number: 216
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2024
Closed on
Oct 16, 2024
Sold by
Ventrys Enterprises Llc
Bought by
Acadia Worldwide Llc
Seller's Agent
Terri Musetti Needham
Swan Agency Real Estate
Buyer's Agent
Josh Shelton
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$899,500
Sold Price
$875,000
Premium/Discount to List
-$24,500
-2.72%
Total Days on Market
2
Views
7

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$956,250
Outstanding Balance
$954,465
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 6, 2019
Sold by
Wendy E Copson Lt and Higgins
Bought by
Copson Wendy E

Purchase Details

Closed on
Jan 19, 2006
Sold by
Frost Ronald C and Frost Valerie K
Bought by
Copson Wendy E Lt

Map

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- --
Quit Claim Deed -- --
Not Resolvable -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $956,250 Purchase Money Mortgage
Closed $956,250 Purchase Money Mortgage
Previous Owner $200,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2024 10/16/24 Sold $875,000 -2.7% $195 / Sq Ft
08/23/2024 08/23/24 Pending -- -- --
08/21/2024 08/21/24 For Sale $899,500 -- $201 / Sq Ft
Source: Maine Listings

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 $5,642 $562,000 $152,100 $409,900
2023 $4,878 $562,000 $152,100 $409,900
2022 $4,433 $475,600 $128,700 $346,900
2021 $4,211 $432,300 $117,000 $315,300
2020 $4,749 $399,100 $93,600 $305,500
2019 $4,682 $395,100 $92,700 $302,400
2018 $4,567 $395,100 $92,700 $302,400
2017 $4,330 $395,100 $92,700 $302,400
2016 $4,239 $395,100 $92,700 $302,400
2015 $4,184 $395,100 $92,700 $302,400
2014 $4,038 $395,100 $92,700 $302,400
2012 $3,888 $395,100 $92,700 $302,400
Source: Public Records

Source: Maine Listings

MLS Number: 1601170

Maine Listings

APN: BARH-000216-000000-000081