NOT LISTED FOR SALE

586 Elm St Limerick, ME 04048

Estimated Value: $401,000 - $447,715

-- Bed
-- Bath
7,188 Sq Ft
$59/Sq Ft Est. Value

Last Sold April 27, 2018

Last sale price $275,000 $38 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $2,551/month

139 Days on Market

Highlights

  • Nearby Water Access
  • 3 Acre Lot
  • Attic
  • Country Club
  • Deck
  • No HOA

About This Home

As of April 2018

Duplex with 2, 2-bdrm., modern units & well laid out commercial space beneath located on busy Rt. 11 in Limerick. Great location for nearly any commercial venture. Currently operating as owner/operator occupied boat, snowmobile repair shop but could be ideal for private owner who needs garage storage or manufacturing space. Investors!...rent the apartments and generate additional storage income with garages. Separate electric meters for each apt. & comm. space. The possibilities are numerous!..."opportunity knocks!"

Last Agent to Sell the Property

Mark Moody

Bean Group Listed on: 11/04/2017

Last Buyer's Agent

Solveiga Purens

DeWolfe Webhannet Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,085

Year Built

  • Built in 1990

Lot Details

  • 3 Acre Lot
  • Rural Setting
  • Level Lot
  • Open Lot

Home Design

  • Duplex
  • Gambrel Roof
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • In-Law or Guest Suite
  • 7,188 Sq Ft Home
  • 2-Story Property
  • Attic

Flooring

  • Carpet
  • Vinyl

Parking

  • Attached Garage
  • Parking Storage or Cabinetry
  • Heated Garage
  • Common or Shared Parking
  • Gravel Driveway
  • Shared Driveway

Outdoor Features

  • Nearby Water Access
  • River Nearby
  • Deck
  • Outbuilding

Location

  • Property is near a golf course

Utilities

  • Air Conditioning
  • Forced Air Heating System
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Private Water Source
  • Well
  • Septic System
  • Septic Design Available
  • Private Sewer
  • High Speed Internet

Listing and Financial Details

  • Exclusions: light fixture
  • Tax Lot 6 H
  • Assessor Parcel Number LIME-000032-000000-000006-H000000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Community Storage Space

Recreation

  • Country Club

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,085

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 3.0
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From Limerick take Rt. 11 south to property on left or, from Shapleigh, take Rt. 11 North to property on right.
  • Above Grade Finished Sq Ft: 7188.0
  • Architectural Style: Duplex, Gambrel, Other Style
  • Garage Yn: Yes
  • Building Stories: 2
  • Year Built: 1990
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 38.26
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 3.0
  • Property Information:SqFt Finished Above Grade: 7188.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Amenities:Storage: Yes
  • Foundation Materials:Slab: Yes
  • Driveway:Common2: Yes
  • Property Information:Number of Units: 2
  • Building Info:_pound_ Stories2: 2
  • Exterior:Wood Siding: Yes
  • Sewer:Private Sewer: Yes
  • Style:Duplex: Yes
  • Amenities:Attic: Yes
  • Recreational Water:Nearby: Yes
  • Recreational Water:RiverBrookStream: Yes
  • Basement:Slab2: Yes
  • Location:Rural: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Sewer:Septic Design Available: Yes
  • Vehicle Storage:Storage Above: Yes
  • Location:Near Country Club: Yes
  • Style:Gambrel: Yes
  • Amenities:In-Law Apartment: Yes
  • Vehicle Storage:Heated: Yes
  • Equipment:DSL: Yes
  • Washer/Dryer Other Location: Yes
  • Cooling:AC Units: Yes
  • Other Structures:Out Building: Yes
  • Advertising Remarks:Advertising Remarks: Duplex with 2, 2-bdrm., modern units & well laid out comm. space on Rt. 11 in Limerick. Great location for nearly any commercial venture. Currently operating as boat/snowmobile repair shop but could be ideal for private owner needing garage storage or mfctring. space. Investors!...rent the apartments & generate addtl. storage income w/garages. The possibilities are numerous!..."opportunity knocks!" BUYERS!...call list agent+buy this property=GET FREE HEAT TOO!...*ask agt. for details. Limits/conditions apply*
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Not Applicable
  • Fireplace: No
  • Flooring: Vinyl, Other, Carpet
  • Interior Amenities: Attic, In-Law Floorplan, Storage

Exterior Features

  • Lot Features: Level, Open Lot, Near Golf Course, Near Town, Other, Rural
  • Waterfront: No
  • Exclusions: light fixture
  • Construction Type: Wood Siding, Wood Frame
  • Foundation Details: Slab
  • Other Structures: Outbuilding
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: 21+ Spaces, Gravel, Common, Heated Garage, Storage

Utilities

  • Cooling: A/C Units
  • Cooling Y N: Yes
  • Heating: Hot Water, Forced Air, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer, Septic Design Available, Septic Existing on Site
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 130680.0
  • Parcel #: LIME-000032-000000-000006-H000000
  • Zoning: mixed, comm, res.

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 4085.0
  • Tax Lot: 6 H
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2017
Closed on
Apr 30, 2018
Sold by
Gerry Eugene L and Gerry Marlene M
Bought by
Rbbjm Rt
Seller's Agent
Mark Moody
Bean Group
Buyer's Agent
Solveiga Purens
DeWolfe Webhannet Realty
List Price
$299,000
Sold Price
$275,000
Premium/Discount to List
-$24,000
-8.03%
Current Estimated Value
$424,358

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,358
Avg. Annual Appreciation
5.87%
Original Mortgage
$220,000
Outstanding Balance
$188,789
Interest Rate
4.44%
Mortgage Type
New Conventional
Estimated Equity
$235,569
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rbbjm Rt -- --
Rbbjm Rt -- --
Rbbjm Rt -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rbbjm Rt $220,000
Closed Rbbjm Rt $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/27/2018 04/27/18 Sold $275,000 -8.0% $38 / Sq Ft
03/23/2018 03/23/18 Pending -- -- --
11/03/2017 11/03/17 For Sale $299,000 -- $42 / 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
2025 $3,792 $399,186 $109,400 $289,786
2024 $3,792 $399,186 $109,400 $289,786
2023 $5,307 $349,134 $82,500 $266,634
2022 $4,958 $349,134 $82,500 $266,634
2021 $4,636 $279,307 $66,000 $213,307
2020 $4,581 $279,307 $66,000 $213,307
2019 $4,399 $279,307 $66,000 $213,307
2018 $4,511 $279,307 $66,000 $213,307
2017 $4,399 $279,307 $66,000 $213,307
2016 $4,204 $279,307 $66,000 $213,307
2015 $4,078 $279,307 $66,000 $213,307
2014 $3,952 $279,307 $66,000 $213,307
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1331743

Maine Listings

APN: LIME-000032-000000-000006-H000000