NOT LISTED FOR SALE

6 Otis St Searsport, ME 04974

Estimated Value: $276,083

-- Bed
2 Baths
1,344 Sq Ft
$205/Sq Ft Est. Value

Last Sold November 17, 2022

Last sale price $215,000 $160 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $1,794/month

141 Days on Market

Highlights

  • Nearby Water Access
  • Wood Flooring
  • Corner Lot
  • Cape Cod Architecture
  • Main Floor Bedroom
  • No HOA

About This Home

As of November 2022

A charming Multi-Family property located within a couple of blocks from stores, restaurants, museum, and ocean-front park. Magically remote enough to escape traffic noise.
Consists of 2 residential units - a 2-Bedroom unit, and a 1-Bedroom unit. Nicely landscaped back-yard, with a brand new privacy fence, and a small shed for storage and tools.
Preliminary survey clearly shows two separate off-street parking areas.
Property is fairly easily converted back to a single-family home, and the current 1-bedroom unit would be a fine home office with its own parking and entrance, or an excellent first floor in-law apartment,
Detailed income and expense information available to serious buyers.

Last Listed By

Marianne Williams

Better Homes & Gardens Real Estate/The Masiello Group Listed on: 06/28/2022

Better Homes & Gardens Real Estate/The Masiello Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,370

Year Built

  • Built in 1900

Lot Details

  • 3,920 Sq Ft Lot
  • Landscaped
  • Corner Lot
  • Level Lot

Home Design

  • 1,344 Sq Ft Home
  • Cape Cod Architecture
  • Cottage
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Shingle Siding

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 2 Full Bathrooms
  • Bathtub

Basement

  • Interior and Exterior Basement Entry
  • Sump Pump
  • Dirt Floor
  • Crawl Space

Home Security

  • Storm Windows
  • Storm Doors

Parking

  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Nearby Water Access
  • Shed

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Cable TV Available

Additional Features

  • ENERGY STAR Qualified Appliances
  • Washer and Dryer Hookup
  • Level Entry For Accessibility
  • City Lot

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number SEAP-000015-000000-000016

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Pet Policy

  • Pet Size Limit

Building Details

  • Operating Expense $8,500
  • Gross Income $20,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,370

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.09
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From Main Street, Rt 1, turn North onto Pike Avenue, and turn the corner onto Otis Street.
  • Above Grade Finished Sq Ft: 1344.0
  • Architectural Style: Cottage, Cape
  • Garage Yn: No
  • Efficiency: Storm Windows, Storm Doors, Energy Star Appliances
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.09
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1344.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Style:Cape: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Heat Fuel:Electric: Yes
  • Amenities:Laundry - Hookup: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:Stone: Yes
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 20400.0
  • Income Expenses Operating Expenses: 8500.0
  • Amenities:Bathtub: Yes
  • Basement:Crawl Space: Yes
  • Basement:Dirt Floor: Yes
  • Recreational Water:Nearby: Yes
  • Style:Cottage: Yes
  • Driveway:Gravel: Yes
  • Equipment:Cable: Yes
  • Basement:Sump Pump: Yes
  • Accessibilitiy Amenities:Level Entry: Yes
  • Energy Efficiency:Energy Star Appliances: Yes
  • Energy Efficiency:Storm Doors: Yes
  • Energy Efficiency:Storm Windows: Yes
  • Restrictions:Pet Weight Limit: Yes
  • Other Structures:Shed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Accessibility Features: Level Entry
  • Has Basement: Dirt Floor, Crawl Space, Sump Pump, Exterior Entry, Bulkhead, Interior Entry
  • Full Bathrooms: 2
  • Flooring: Wood, Vinyl, Laminate
  • Interior Amenities: 1st Floor Bedroom, Bathtub

Exterior Features

  • Lot Features: Corner Lot, Level, Landscaped, Intown
  • Waterfront: No
  • Construction Type: Shingle Siding, Wood Frame
  • Foundation Details: Stone
  • Other Structures: Shed(s)
  • Roof: Shingle

Garage/Parking

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

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: Size Limit

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3920.4
  • Parcel #: SEAP-000015-000000-000016
  • Zoning: Com w/ Residential.

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 20400.0
  • Annual Operating Expense: 8500.0

Tax Info

  • Tax Annual Amount: 2370.0
  • Tax Book Number: 4430
  • Tax Lot: 16
  • Tax Map Number: 15
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2022
Closed on
Nov 17, 2022
Sold by
Fry Georgina B
Bought by
Messner John and Messner Eileen
Seller's Agent
Marianne Williams
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Rebecca Johns
Worth Real Estate, Inc.
List Price
$230,000
Sold Price
$215,000
Premium/Discount to List
-$15,000
-6.52%
Total Days on Market
141
Views
6
Current Estimated Value
$276,083

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,083
Avg. Annual Appreciation
8.55%
Original Mortgage
$222,740
Outstanding Balance
$217,573
Interest Rate
6.94%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$45,506

Purchase Details

Listed on
Apr 7, 2018
Closed on
Jun 22, 2018
Sold by
Sattler Anne M and Isacco Jonathan
Bought by
Ackerman Elizabeth C
Seller's Agent
Michelle Ridley
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Marianne Williams
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$159,000
Sold Price
$118,000
Premium/Discount to List
-$41,000
-25.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.50%

Purchase Details

Listed on
Apr 15, 2016
Closed on
Jul 28, 2016
Sold by
Chase Sarah
Bought by
Sattler Anne M and Isacco Jonathan
Seller's Agent
Michelle Ridley
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Mark Eastman
Ocean's Edge Realty LLC
List Price
$139,900
Sold Price
$139,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.61%
Original Mortgage
$137,365
Interest Rate
3.54%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 30, 2013
Sold by
Cole Signe L Est
Bought by
Chase Sarah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
4.4%
Mortgage Type
Commercial

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 Buyer Sale Price Title Company
Messner John -- None Available
Messner John -- None Available
Ackerman Elizabeth C -- --
Sattler Anne M -- --
Chase Sarah -- --
Ackerman Elizabeth C -- --
Sattler Anne M -- --
Chase Sarah -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Messner John $222,740
Closed Messner John $222,740
Previous Owner Amelia Georgina B $96,000
Previous Owner Sattler Anne M $137,365
Previous Owner Chase Sarah $121,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2022 11/17/22 Sold $215,000 -6.5% $160 / Sq Ft
11/17/2022 11/17/22 Pending -- -- --
06/28/2022 06/28/22 For Sale $230,000 +79.7% $171 / Sq Ft
10/16/2019 10/16/19 Sold $128,000 -8.5% $95 / Sq Ft
08/24/2019 08/24/19 Pending -- -- --
05/13/2019 05/13/19 For Sale $139,900 +18.6% $104 / Sq Ft
06/15/2018 06/15/18 Sold $118,000 -25.8% $88 / Sq Ft
06/12/2018 06/12/18 Pending -- -- --
04/07/2018 04/07/18 For Sale $159,000 +13.7% $118 / Sq Ft
07/26/2016 07/26/16 Sold $139,900 0.0% $104 / Sq Ft
06/06/2016 06/06/16 Pending -- -- --
04/15/2016 04/15/16 For Sale $139,900 -- $104 / 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 $3,071 $134,100 $26,500 $107,600
2023 $2,709 $134,100 $26,500 $107,600
2022 $2,540 $131,600 $24,000 $107,600
2021 $2,370 $125,400 $24,000 $101,400
2020 $2,345 $125,400 $24,000 $101,400
2019 $2,320 $125,400 $24,000 $101,400
2018 $2,483 $125,400 $24,000 $101,400
2017 $1,967 $81,300 $30,600 $50,700
2016 $1,943 $81,300 $30,600 $50,700
2015 $1,927 $81,300 $30,600 $50,700
2014 $1,846 $81,300 $30,600 $50,700
2013 $1,748 $81,300 $30,600 $50,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1534399

Maine Listings

APN: SEAP-000015-000000-000016