NOT LISTED FOR SALE

6 Ledge Way Ellsworth, ME 04605

-- Bed
20 Baths
23,172 Sq Ft
6.25 Acres

Last Sold September 10, 2021

Last sale price $2,650,000 $114 Per Sq Ft

167 Days on Market

Highlights

  • View of Trees or Woods
  • Wooded Lot
  • Tile Flooring
  • Colonial Architecture
  • No HOA
  • Baseboard Heating

About This Home

As of September 2021

Investors take notice! Quality apartment complex very well taken care of and in high demand. The 22 two bedroom yearround rentals create a strong cash flow with a very high occupancy rate. There is even a wait list to get into one of these units and an office on site for the new owner or property manager to work out of. Multiple wells, multiple septic systems and new updates to furnaces, water heaters, etc. Lots of paved parking and most units come with either a basement or exterior storage area. Come see the excellent turnkey investment.

Last Agent to Sell the Property

Josh Shelton

Better Homes & Gardens Real Estate/The Masiello Group Brokerage Email: joshshelton@masiello.com Listed on: 01/22/2021

Better Homes & Gardens Real Estate/The Masiello Group

Last Buyer's Agent

Steve 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

  • $30,107

Year Built

  • Built in 2001

Lot Details

  • 6.25 Acre Lot
  • Property fronts a private road
  • Rural Setting
  • Open Lot
  • Lot Has A Rolling Slope
  • Wooded Lot

Home Design

  • Colonial Architecture
  • Wood Frame Construction
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 20 Full Bathrooms
  • Views of Woods

Flooring

  • Carpet
  • Laminate
  • Tile

Finished Basement

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

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Well
  • Electric Water Heater
  • Septic System
  • Septic Design Available
  • Private Sewer

Listing and Financial Details

  • Tax Lot 19
  • Assessor Parcel Number 6ledgewayellsworth04605

Community Details

Overview

  • No Home Owners Association
  • 22 Units

Building Details

  • Operating Expense $70,593
  • Gross Income $288,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$30,107

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 6.25
  • Road Frontage Type: Private
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From downtown Ellsworth continue north towards Bangor. Ledge Way is approximately 4.5 miles from Main Street.
  • Above Grade Finished Sq Ft: 20672.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Year Built: 2001
  • Attribution Contact: joshshelton@masiello.com
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 6.25
  • Property Information:Total Baths: 20.0
  • Property Information:SqFt Finished Above Grade: 20672.0
  • Property Information:SqFt Finished Below Grade: 2500.0
  • Property Information:Garage: No
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Percent Basement Finished: Yes
  • Basement:Walkout Access: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Electric:Circuit Breakers: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Roads:Private: Yes
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Floors:Laminate: Yes
  • Roof:Composition2: Yes
  • Property Information:Number of Units: 22
  • Income Expenses Gross Income: 288600.0
  • Income Expenses Operating Expenses: 70593.0
  • Style:Colonial: Yes
  • Sewer:Private Sewer: Yes
  • Location:Rural: Yes
  • Site:Wooded: Yes
  • View:TreesWoods: Yes
  • Site:RollingSloping: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Sewer:Septic Design Available: Yes
  • Sewer:Quasi-Public: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Walk-Out Access, Finished, Full, Interior Entry, Unfinished
  • Full Bathrooms: 20
  • Below Grade Sq Ft: 2500.0
  • Flooring: Tile, Laminate, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Open Lot, Rolling Slope, Wooded, Rural
  • View: Trees/Woods
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved, Common

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Baseboard, Hot Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Quasi-Public, Private Sewer, Septic Design Available, Septic Existing on Site
  • Utilities: Utilities On
  • Water Source: Well

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 272250.0
  • Parcel #: 6ledgewayellsworth04605
  • Zoning: RES

Multi Family

  • Number Of Units Total: 22
  • Annual Gross Income: 288600.0
  • Annual Operating Expense: 70593.0

Tax Info

  • Tax Annual Amount: 30107.0
  • Tax Book Number: 4685
  • Tax Lot: 19
  • Tax Map Number: 66
  • Tax Year: 2020

Range of Values:

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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 Change Sq Ft Price
09/10/2021 09/10/21 Sold $2,650,000 -3.6% $114 / Sq Ft
07/09/2021 07/09/21 Pending -- -- --
01/22/2021 01/22/21 For Sale $2,750,000 -- $119 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Josh Shelton

    Seller's Agent in 2021

    Josh Shelton

    Better Homes & Gardens Real Estate/The Masiello Group

    (207) 266-9125

    101 Total Sales

    Josh Shelton
    Section Image
  • Steve Shelton

    Buyer's Agent in 2021

    Steve Shelton

    Better Homes & Gardens Real Estate/The Masiello Group

    (207) 460-4233

    123 Total Sales

    Steve Shelton
    Section Image
See All Agents

Map

Source: Maine Listings

MLS Number: 1480412

Maine Listings

Maine Hancock County Ellsworth 04605

6 Ledge Way, Ellsworth, ME

This home is located at 6 Ledge Way, Ellsworth, ME 04605 since 22 January 2021. This property was built in 2001. 6 Ledge Way is a home located in Hancock County with nearby schools including Sumner Memorial High School, Kidspeace National Centers of New England, and Graham Lake School.

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.

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