NOT LISTED FOR SALE

59 Main St South Paris, ME 04281

Estimated Value: $432,000 - $536,000

-- Bed
6 Baths
4,578 Sq Ft
$101/Sq Ft Est. Value

Last Sold August 16, 2024

Last sale price $450,000 $98 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,842/month

361 Days on Market

Highlights

  • Additional Residence on Property
  • Wood Flooring
  • No HOA
  • Country Club
  • Victorian Architecture
  • Porch

About This Home

As of August 2024

Six unit multi-family with long term tenancy. Excellent in-town location. Four units in the main building. Two units, co-op laundry and two storage spaces in the rear building. Additional parking in the back. Property has been well-cared for & maintained over the years. This would be a great addition to any investors portfolio.

Last Agent to Sell the Property

Tiffany Pastore

Maine Real Estate Experts Brokerage Email: tiffany@turnbullteam.com Listed on: 05/21/2024

Last Buyer's Agent

Cindy Olsen

Locations Real Estate Group LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,794

Year Built

  • Built in 1902

Lot Details

  • 0.38 Acre Lot
  • Lot Has A Rolling Slope

Home Design

  • Victorian Architecture
  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 6 Full Bathrooms
  • 4,578 Sq Ft Home
  • Ceiling Fan

Flooring

  • Wood
  • Carpet
  • Vinyl

Unfinished Basement

  • Partial Basement
  • Interior Basement Entry

Parking

  • Gravel Driveway
  • Paved Parking
  • On-Site Parking

Location

  • Property is near a golf course
  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Water Heater
  • Internet Available

Additional Features

  • Porch
  • Additional Residence on Property

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number PARI-000008U-000000-000002

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Coin Laundry

Recreation

  • Country Club

Building Details

  • Operating Expense $28,628
  • Gross Income $66,108

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,794

Year Built

Built in 1902

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.38
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: GPS Friendly
  • Above Grade Finished Sq Ft: 4578.0
  • Architectural Style: Victorian
  • Garage Yn: No
  • Efficiency: Ceiling Fans
  • Year Built: 1902
  • Attribution Contact: tiffany@turnbullteam.com
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.38
  • Property Information:Total Baths: 6.0
  • Property Information:SqFt Finished Above Grade: 4578.0
  • Property Information:Garage: No
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Basement:Unfinished: Yes
  • Roof:Metal: Yes
  • Gas:No Gas: Yes
  • Basement:Partial: Yes
  • Property Information:Number of Units: 6
  • Foundation Materials:BrickMortar2: Yes
  • Income Expenses Gross Income: 66108.0
  • Income Expenses Operating Expenses: 28628.3
  • Parking:On Site2: Yes
  • Parking:Paved3: Yes
  • Driveway:Gravel: Yes
  • Equipment:Internet Access Available: Yes
  • Site:RollingSloping: Yes
  • Energy Efficiency:Ceiling Fans: Yes
  • Location:Near Country Club: Yes
  • Water Heater:Tank: Yes
  • Foundation Materials:Granite2: Yes
  • Amenities:Laundry - Coin: Yes
  • Property Information 2 Detached Houses on 1 Lot: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Partial, Interior Entry, Unfinished
  • Full Bathrooms: 6
  • Flooring: Wood, Vinyl, Carpet

Exterior Features

  • Lot Features: Rolling Slope, Intown, Near Golf Course, Near Shopping
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Granite, Brick/Mortar
  • Patio And Porch Features: Porch
  • Roof: Metal
  • Patio and Porch Features:Porch: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Laundry - Coin
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Baseboard
  • 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: 16552.8
  • Parcel #: PARI-000008U-000000-000002
  • Zoning: Residential

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 66108.0
  • Annual Operating Expense: 28628.3

Tax Info

  • Tax Annual Amount: 3794.0
  • Tax Book Number: 5459
  • Tax Lot: 2
  • Tax Map Number: U-8
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2024
Closed on
Aug 16, 2024
Sold by
Morra Anthony C and Morra Pamela A
Bought by
Le Huukhanh
Seller's Agent
Tiffany Pastore
Maine Real Estate Experts
Buyer's Agent
Cindy Olsen
Locations Real Estate Group LLC
List Price
$475,000
Sold Price
$450,000
Premium/Discount to List
-$25,000
-5.26%
Views
22
Current Estimated Value
$464,177

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,177
Avg. Annual Appreciation
2.64%

Purchase Details

Listed on
May 21, 2024
Closed on
Aug 9, 2024
Sold by
59 Main Street T and Morra
Bought by
Morra Anthony C and Morra Pamela A
Seller's Agent
Tiffany Pastore
Maine Real Estate Experts
Buyer's Agent
Cindy Olsen
Locations Real Estate Group LLC
List Price
$475,000
Sold Price
$450,000
Premium/Discount to List
-$25,000
-5.26%
Views
22

Purchase Details

Closed on
Feb 6, 2009
Sold by
Bisco Properties Llc
Bought by
Bisco Properties Llc
Source: Public Records

Range of Values:

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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
Le Huukhanh $450,000 None Available
Le Huukhanh $450,000 None Available
Morra Anthony C -- None Available
Morra Anthony C -- None Available
Bisco Properties Llc -- --
Bisco Properties Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bisco Properties Llc $19,500
Previous Owner Bisco Properties Llc $6,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/16/2024 08/16/24 Sold $450,000 -4.1% $98 / Sq Ft
07/23/2024 07/23/24 Pending -- -- --
05/21/2024 05/21/24 Price Changed $469,000 -1.3% $102 / Sq Ft
05/21/2024 05/21/24 For Sale $475,000 +5.6% $104 / Sq Ft
04/15/2024 04/15/24 Off Market $450,000 -- --
01/25/2024 01/25/24 Price Changed $475,000 -6.9% $104 / Sq Ft
07/28/2023 07/28/23 For Sale $510,000 -- $111 / 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 $4,896 $334,000 $42,900 $291,100
2023 $4,114 $255,500 $32,800 $222,700
2022 $3,794 $255,500 $32,800 $222,700
2021 $3,544 $196,900 $25,300 $171,600
2020 $3,584 $196,900 $25,300 $171,600
2019 $3,505 $196,900 $25,300 $171,600
2018 $3,308 $196,900 $25,300 $171,600
2017 $3,308 $196,900 $25,300 $171,600
2016 $3,308 $196,900 $25,300 $171,600
2015 $3,603 $196,900 $25,300 $171,600
2014 $3,437 $192,000 $44,100 $147,900
2013 $3,437 $192,000 $44,100 $147,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1566956

Maine Listings

APN: PARI-000008U-000000-000002