NOT LISTED FOR SALE

586 S Main St Brewer, ME 04412

-- Bed
5 Baths
5,306 Sq Ft
0.6 Acres

Last Sold July 31, 2019

Last sale price $315,000 $59 Per Sq Ft

110 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • 0.6 Acre Lot
  • Deck
  • 35 Feet of Waterfront
  • Colonial Architecture
  • Property is near public transit

About This Home

As of July 2019

ELEGANT LIVING WITH INCOME! Well maintained and restored period Federal style home with wide moldings, hardwood floors, fireplaces and updated kitchens. Three additional units will provide you the income to pay taxes and utilities and pay half the mortgage amount; see the attached cash flow. Slate roof, vinyl siding, young Biasi boiler will give you years of carefree maintenance. Workshop in the barn with tenant laundry plus a really cool apartment #4 on 2nd floor of barn. Fenced in backyard will contain the animals. Convenient location is attractive for tenants and there is is plenty of side yard parking for everyone. Improve the efficiencies of the home by using natural gas from street. Used for the past 30 years as an owner occupied residence. Owners unit is spacious for a growing family and your craft space. Income properties this good is rarely found, check this one out today while interest rates are so low.

Last Agent to Sell the Property

Phil Cormier

Keller Williams Realty Brokerage Phone: 207-745-7070 Listed on: 01/04/2019

Keller Williams Realty

Last Buyer's Agent

Emily Ellis

Berkshire Hathaway HomeServices Northeast Real Estate

Berkshire Hathaway HomeServices Northeast Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,866

Year Built

  • Built in 1900

Lot Details

  • 0.6 Acre Lot
  • Home fronts a stream
  • 35 Feet of Waterfront
  • Fenced
  • Corner Lot
  • Level Lot

Home Design

  • Colonial Architecture
  • Federal Architecture
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Slate Roof
  • Vinyl Siding

Interior Spaces

  • 5,306 Sq Ft Home
  • 2-Story Property
  • 4 Fireplaces
  • Double Pane Windows
  • Water Views
  • Storm Doors
  • Attic

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Walk-In Closet
  • 5 Full Bathrooms
  • Bathtub
  • Shower Only

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • Gravel Driveway
  • On-Site Parking
  • Off-Street Parking

Outdoor Features

  • Deeded Waterfront Access Rights
  • Access to Tidal Water
  • Nearby Water Access
  • River Nearby
  • Deck
  • Shed
  • Porch

Location

  • Property is near public transit
  • City Lot

Utilities

  • Cooling Available
  • Forced Air Zoned Heating System
  • Heating System Uses Oil
  • Heat Pump System
  • Baseboard Heating
  • Hot Water Heating System
  • Electric Water Heater
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 73
  • Assessor Parcel Number BRER-000022-000000-000073

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $15,170
  • Gross Income $45,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,866

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.6
  • Water Body Name: Sedgeunkeddunk Stream
  • MLS Status: Closed
  • Directions: From Brewer take Rte 15 south toward Orrington. Past Cianbro, 586 South Main St, Brewer is on the left at the corner with Elm St
  • Above Grade Finished Sq Ft: 5306.0
  • Architectural Style: Colonial, Federal
  • Garage Yn: No
  • Efficiency: Storm Doors, Double Pane Windows
  • Building Stories: 2
  • Year Built: 1900
  • Attribution Contact: 207-745-7070
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 63.37
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.6
  • Property Information:Total Baths: 5.0
  • Property Information:SqFt Finished Above Grade: 5306.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • 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
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Amenities:Fence: Yes
  • Amenities:Storage: Yes
  • Exterior:Vinyl Siding: Yes
  • Cooling:Heat Pump3: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Amenities:Walk-in Closets: Yes
  • Property Information:Number of Units: 4
  • Foundation Materials:Stone: Yes
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 45300.0
  • Income Expenses Operating Expenses: 15170.0
  • Parking:On Site2: Yes
  • Amenities:Bathtub: Yes
  • Style:Colonial: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Building Info:_pound_ Fireplaces3: 4
  • Gas:Natural - At Street: Yes
  • Amenities:Attic: Yes
  • Recreational Water:Nearby: Yes
  • Recreational Water:RiverBrookStream: Yes
  • Water Info:Waterfront Amount -: 35.0
  • Water Info:Water Frontage Owned -: 35.0
  • Recreational Water:Deeded: Yes
  • Driveway:Gravel: Yes
  • Equipment:Internet Access Available: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Equipment:Cable: Yes
  • Energy Efficiency:Double Pane Windows: Yes
  • Recreational Water:Waterfront Tidal: Yes
  • Water Heater:Tank: Yes
  • Water Info:Island3: No
  • Style:Federal: Yes
  • Water Heater:Heat Pump2: Yes
  • Transportation:Public Transport Access: Yes
  • Energy Efficiency:Storm Doors: Yes
  • Roof:Slate: Yes
  • Building Info:_pound_ Floors3: 2
  • Other Structures:Shed: Yes
  • Advertising Remarks:Advertising Remarks: ELEGANT LIVING WITH INCOME! Well maintained and restored period Federal style home with wide moldings, hardwood floors, fireplaces and updated kitchens. Three additional units will provide you the income to pay taxes and utilities and pay half the mortgage amount; see the attached cash flow. Slate roof, vinyl siding, young Biasi boiler will give you years of carefree maintenance. Workshop in the barn with tenant laundry plus a really cool apartment #4 on 2nd floor of barn. Fenced in backyard will contain the animals. Convenient location is attractive for tenants and there is is plenty of side yard parking for everyone. Improve the efficiencies of the home by using natural gas from street. Used for the past 30 years as an owner occupied residence. Owners unit is spacious for a growing family and your craft space. Income properties this good is rarely found, check this one out today while interest rates are so low. To get inside, call Philip Cormier 207-745-7070 or philipcormier@kw.com
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Full, Interior Entry, Walk-Out Access, Unfinished
  • Full Bathrooms: 5
  • Fireplaces: 4
  • Fireplace: Yes
  • Flooring: Wood, Vinyl, Carpet
  • Interior Amenities: Attic, Bathtub, Pantry, Shower, Walk-In Closet(s), Storage
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Fencing: Fenced
  • Lot Features: Corner Lot, Level, Sidewalks, Intown, Neighborhood, Near Public Transit
  • Waterfront Features: Stream
  • Waterfront: Yes
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Stone
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck, Porch
  • Roof: Shingle, Slate
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Gravel, On Site, Off Street

Utilities

  • Laundry Features: Laundry - 1st Floor, Upper Level, Main Level, Washer Hookup
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Multi-Zones, Hot Water, Forced Air, Baseboard, Hot Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Schools

  • Junior High Dist: Brewer Public Schools

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 26136.0
  • Parcel #: BRER-000022-000000-000073
  • Zoning: CB

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 45300.0
  • Annual Operating Expense: 15170.0

Tax Info

  • Tax Annual Amount: 5866.0
  • Tax Lot: 73
  • Tax Year: 18
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/31/2019 07/31/19 Sold $315,000 -6.3% $59 / Sq Ft
04/25/2019 04/25/19 Pending -- -- --
01/04/2019 01/04/19 For Sale $336,222 +31.3% $63 / Sq Ft
01/31/2012 01/31/12 Sold $256,000 -21.3% $61 / Sq Ft View Prior Sale
12/18/2011 12/18/11 Pending -- -- --
02/17/2011 02/17/11 For Sale $325,222 -- $78 / 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 $8,417 $447,700 $22,900 $424,800
2023 $8,183 $407,100 $21,800 $385,300
2021 $7,553 $338,700 $21,100 $317,600
2020 $6,143 $270,000 $21,100 $248,900
2019 $5,729 $276,200 $21,100 $255,100
2018 $5,866 $260,700 $21,100 $239,600
2017 $5,866 $260,700 $21,100 $239,600
2016 $5,610 $260,700 $21,100 $239,600
2015 $5,395 $260,700 $21,100 $239,600
2014 $5,454 $260,700 $21,100 $239,600
2013 $5,284 $252,600 $24,900 $227,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1401609

Maine Listings