NOT LISTED FOR SALE

6 Powell Ln Damariscotta, ME 04543

Estimated Value: $488,000 - $610,161

3 Beds
2 Baths
2,436 Sq Ft
$234/Sq Ft Est. Value

Last Sold June 03, 2022

Last sale price $374,000 $154 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $3,623/month

43 Days on Market

Highlights

  • Barn
  • Public Beach
  • No HOA
  • Great Salt Bay Community School Rated A
  • 1.5 Acre Lot
  • Detached Garage

About This Home

As of June 2022

Conveniently located on a 1.5+/- acre lot within walking distance of everything beautiful downtown Damariscotta has to offer. This property is currently set up as two spacious apartments with rental history and 1st floor tenant in place on a month to month basis. BONUS is also comes with an additional studio space with its own bathroom that could be rented for a business or would make a great space to work from home or home business. Great opportunity for an income property, live in one unit and rent the other or convert to a single-family home. Enjoy the large grassy sun filled yard with plenty of space for outdoor activities & room for gardening. The garage offers plenty of room for storage or would make a great space to work on projects. Enjoy the Pemaquid area just 15 a minute car ride away!

Last Agent to Sell the Property

Brandon Reilly

Sigrid & Associates LLC Real Estate Listed on: 03/28/2022

Last Buyer's Agent

Brandon Reilly

Sigrid & Associates LLC Real Estate Listed on: 03/28/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,487

Year Built

  • Built in 1990

Lot Details

  • 1.5 Acre Lot
  • Property fronts a private road
  • Dirt Road
  • Public Beach
  • Level Lot
  • Open Lot

Home Design

  • 2,436 Sq Ft Home
  • Gambrel Roof
  • Concrete Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation

Flooring

  • Carpet
  • Laminate
  • Concrete
  • Vinyl

Parking

  • Detached Garage
  • Gravel Driveway

Location

  • Property is near golf course
  • City Lot

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Water Heater
  • Private Sewer

Additional Features

  • 2 Full Bathrooms
  • Barn

Listing and Financial Details

  • Tax Lot 26
  • Assessor Parcel Number DAMA-000011-000000-000026

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $10,000
  • Gross Income $24,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,487

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 1.5
  • Road Frontage Type: Private
  • Road Surface Type: Gravel
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 2436.0
  • Architectural Style: Gambrel
  • Garage Yn: No
  • Year Built: 1990
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 155.79
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 1.5
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2436.0
  • Property Information:Garage: No
  • 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:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Water:Public3: Yes
  • Roads:Private: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Vehicle Storage:Detached: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Roof:Composition2: Yes
  • Property Information:Number of Units: 2
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 24600.0
  • Income Expenses Operating Expenses: 10000.0
  • Location:Near Public Beach: Yes
  • Exterior:Wood Siding: Yes
  • Sewer:Private Sewer: Yes
  • Property Information:Short Sale Continue to Show: No
  • Basement:Slab2: Yes
  • Roads:GravelDirt: Yes
  • Driveway:Gravel: Yes
  • Water Heater:Tank: Yes
  • Style:Gambrel: Yes
  • Floors:Concrete2: Yes
  • Other Structures Barn2: Yes
  • Advertising Remarks:Advertising Remarks: Conveniently located on a 1.5+/- acre lot within walking distance of everything beautiful downtown Damariscotta has to offer. This property is currently set up as two spacious apartments with rental history and 1st floor tenant in place on a month to month basis. BONUS is also comes with an additional studio space with its own bathroom that could be rented for a business or would make a great space to work from home or home business. Great opportunity for an income property, live in one unit and rent the other or convert to a single-family home. Enjoy the large grassy sun filled yard with plenty of space for outdoor activities & room for gardening. The garage offers plenty of room for storage or would make a great space to work on projects. Enjoy the Pemaquid area just 15 a minute car ride away!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Not Applicable
  • Full Bathrooms: 2
  • Flooring: Vinyl, Laminate, Concrete, Carpet

Exterior Features

  • Lot Features: Level, Open Lot, Intown, Near Golf Course, Near Public Beach, Near Shopping, Near Town, Neighborhood
  • Waterfront: No
  • Construction Type: Wood Siding, Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter, Slab
  • Other Structures: Barn
  • Roof: Composition, Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Gravel, Detached

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 65340.0
  • Parcel #: DAMA-000011-000000-000026
  • Zoning: Residential

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 24600.0
  • Annual Operating Expense: 10000.0

Tax Info

  • Tax Annual Amount: 5487.0
  • Tax Lot: 26
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2022
Closed on
Jun 3, 2022
Sold by
Wase David E
Bought by
Faux Malcolm G
Seller's Agent
Brandon Reilly
Sigrid & Associates LLC Real Estate
Buyer's Agent
Brandon Reilly
Sigrid & Associates LLC Real Estate
List Price
$379,500
Sold Price
$374,000
Premium/Discount to List
-$5,500
-1.45%
Current Estimated Value
$570,290

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$196,290
Avg. Annual Appreciation
12.51%
Original Mortgage
$317,900
Outstanding Balance
$301,173
Interest Rate
5.11%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$269,117
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
Faux Malcolm G $374,000 None Available
Faux Malcolm G $374,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Faux Malcolm G $317,900
Closed Faux Malcolm G $317,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/03/2022 06/03/22 Sold $374,000 -1.4% $154 / Sq Ft
05/11/2022 05/11/22 Pending -- -- --
03/28/2022 03/28/22 For Sale $379,500 -- $156 / 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 $7,620 $411,900 $153,500 $258,400
2023 $6,446 $411,900 $153,500 $258,400
2022 $5,746 $345,100 $128,800 $216,300
2021 $5,487 $345,100 $128,800 $216,300
2020 $5,522 $345,100 $128,800 $216,300
2019 $5,556 $345,100 $128,800 $216,300
2018 $5,625 $345,100 $128,800 $216,300
2017 $5,808 $345,100 $128,800 $216,300
2016 $5,943 $345,100 $128,800 $216,300
2015 $5,887 $345,100 $128,800 $216,300
2014 $5,453 $345,100 $128,800 $216,300
2013 $5,211 $345,100 $128,800 $216,300
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Brandon Reilly

    Sigrid & Associates LLC Real Estate

See All Agents

Map

Source: Maine Listings

MLS Number: 1522833

Maine Listings

APN: DAMA-000011-000000-000026

Maine Lincoln County Damariscotta 04543

6 Powell Ln, Damariscotta, ME

Not Listed for Sale

MultiFamily

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