NOT LISTED FOR SALE

62 Eustis Village Rd Eustis, ME 04936

Estimated Value: $357,000 - $581,000

7 Beds
4 Baths
3,456 Sq Ft
$148/Sq Ft Est. Value

Last Sold November 17, 2023

Last sale price $467,000 $135 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,913/month

90 Days on Market

Highlights

  • Ski Resort
  • River Front
  • Deck
  • Public Beach
  • Chalet
  • Wood Flooring

About This Home

As of November 2023

1042 - Investors, take notice! With a great rental history this 3-unit property will be an amazing investment opportunity. Conveniently located off route 27, this chalet is quietly removed from the hustle and bustle of city life to allow optimum serene living. There are two 2-bed, 1-bath units; as well as one 3-bed, 2-bath unit. The home is flooded with natural light shining through the many windows and reflecting off the cathedral ceilings. The Chalet offers a warm and spacious retreat in the western mountains of Maine. With a large backyard, fire pit, and back deck; the entertainment possibilities are endless! Warm yourself in front of the stone fireplace with live edge details or melt your troubles away in the walk-in steam shower. Resupply at the local grocers, shops, and several restaurants in downtown Stratton. A side shed and heated garage offer ample parking and storage for all the toys! Centrally located between Saddleback Mountain, Sugarloaf Mountain, and the Canadian border you'll have your pick of outdoor recreation in every season. During the long summer days, you can head across the road to the North Branch Dead River for fishing and kayaking, hit the ATV trails nearby, or play some holes at Sugarloaf Golf Course. When the snow flies you have your choice of Saddleback or Sugarloaf Mountain for skiing or hop on the snowmobile trails right from your door!! You can even find a delicious meal right across the street at Trails End Tavern. This chalet not only has it all, it's near it all, making this the best rental/investment you could find! Call today to schedule your showing!

Last Agent to Sell the Property

Jason Hill

Allied Realty Listed on: 06/29/2023

Last Buyer's Agent

Stephanie Cram

Portside Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,802

Year Built

  • Built in 1950

Lot Details

  • 1.22 Acre Lot
  • River Front
  • Public Beach
  • Rural Setting
  • Level Lot
  • Open Lot

Parking

  • Gravel Driveway

Home Design

  • Chalet
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,456 Sq Ft Home
  • Furnished
  • 1 Fireplace

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 4 Full Bathrooms
  • Shower Only

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Crawl Space

Outdoor Features

  • Deck
  • Shed
  • Porch

Utilities

  • Cooling Available
  • Heating System Uses Propane
  • Heating System Mounted To A Wall or Window
  • Private Water Source
  • Water Heated On Demand
  • Septic System
  • Private Sewer

Listing and Financial Details

  • Tax Lot 012
  • Assessor Parcel Number EUST-000017U-000000-000012

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Recreation

  • Ski Resort

Building Details

  • Gross Income $74,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,802

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 1.22
  • Water Body Name: North branch Dead River
  • MLS Status: Closed
  • Directions: From the intersection of Route 16 and 27 in Stratton, head north on Route 27 5.5 miles. Turn right onto Eustis Village Road .3 miles and the property is on the left.
  • Above Grade Finished Sq Ft: 3456.0
  • Architectural Style: Chalet
  • Garage Yn: No
  • Year Built: 1950
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 151.91
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 1.22
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 3456.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Seasonal
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat Fuel:Propane: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Water Heater:On Demand: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Amenities:Shower: Yes
  • Property Information:Number of Units: 3
  • Income Expenses Gross Income: 74000.0
  • Location:Near Public Beach: Yes
  • Basement:Crawl Space: Yes
  • Sewer:Private Sewer: Yes
  • Building Info:_pound_ Fireplaces3: 1
  • Location:Rural: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Sewer:Septic Existing on Site: Yes
  • Heat System:Direct Vent Heater: Yes
  • Amenities:Furniture Included: Yes
  • Location:Ski Resort: Yes
  • Basement Entry:Exterior Only: Yes
  • Other Structures:Shed: Yes
  • Advertising Remarks:Advertising Remarks: 1042 - Investors, take notice! With a great rental history this 3-unit property will be an amazing investment opportunity. Conveniently located off route 27, this chalet is quietly removed from the hustle and bustle of city life to allow optimum serene living. There are two 2-bed, 1-bath units; as well as one 3-bed, 2-bath unit. The home is flooded with natural light shining through the many windows and reflecting off the cathedral ceilings. The Chalet offers a warm and spacious retreat in the western mountains of Maine. With a large backyard, fire pit, and back deck; the entertainment possibilities are endless! Warm yourself in front of the stone fireplace with live edge details or melt your troubles away in the walk-in steam shower. Resupply at the local grocers, shops, and several restaurants in downtown Stratton. A side shed and heated garage offer ample parking and storage for all the toys! Centrally located between Saddleback Mountain, Sugarloaf Mountain, and the Canadian border you'll have your pick of outdoor recreation in every season. During the long summer days, you can head across the road to the North Branch Dead River for fishing and kayaking, hit the ATV trails nearby, or play some holes at Sugarloaf Golf Course. When the snow flies you have your choice of Saddleback or Sugarloaf Mountain for skiing or hop on the snowmobile trails right from your door!! You can even find a delicious meal right across the street at Trails End Tavern. This chalet not only has it all, it's near it all, making this the best rental/investment you could find! Call today to schedule your showing!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Crawl Space, Full, Exterior Only
  • Full Bathrooms: 4
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Wood, Other, Carpet
  • Interior Amenities: Furniture Included, 1st Floor Bedroom, Shower
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Near Public Beach, Near Town, Rural, Ski Resort
  • Waterfront Features: River
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck, Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

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

Utilities

  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Direct Vent Heater
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer, Septic Existing on Site
  • Utilities: Utilities On
  • Water Source: Private

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 53143.2
  • Parcel #: EUST-000017U-000000-000012
  • Zoning: Res Rec

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 74000.0

Tax Info

  • Tax Annual Amount: 5801.65
  • Tax Lot: 012
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2023
Closed on
Nov 17, 2023
Sold by
Mundele Prop Group Llc
Bought by
Law Inv Property Llc
Seller's Agent
Jason Hill
Allied Realty
Buyer's Agent
Stephanie Cram
Portside Real Estate Group
List Price
$525,000
Sold Price
$467,000
Premium/Discount to List
-$58,000
-11.05%
Current Estimated Value
$510,272

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,272
Avg. Annual Appreciation
4.25%
Original Mortgage
$373,600
Outstanding Balance
$367,070
Interest Rate
7.49%
Mortgage Type
Commercial
Estimated Equity
$143,202

Purchase Details

Listed on
Mar 25, 2021
Closed on
May 20, 2021
Sold by
Bnb Eustis Llc
Bought by
Mundele Prop Group Llc
Seller's Agent
Casey Cote
Bean Group
Buyer's Agent
Jeffrey Jewett
Orff Realty Corp
List Price
$425,000
Sold Price
$399,999
Premium/Discount to List
-$25,001
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.39%
Original Mortgage
$232,500
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 22, 2014
Sold by
Allen Bianco Family Llc
Bought by
Bnb Eustis Llc

Purchase Details

Closed on
Dec 17, 2008
Sold by
Eustis Bound Llc
Bought by
Allen Bianco Family Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Law Inv Property Llc $467,000 None Available
Mundele Prop Group Llc -- None Available
Bnb Eustis Llc -- --
Allen Bianco Family Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Law Inv Property Llc $373,600
Previous Owner Mundele Prop Group Llc $232,500
Previous Owner Allen Bianco Family Llc $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/17/2023 11/17/23 Sold $467,000 -11.0% $135 / Sq Ft
09/27/2023 09/27/23 Pending -- -- --
06/29/2023 06/29/23 For Sale $525,000 +31.3% $152 / Sq Ft
05/20/2021 05/20/21 Sold $399,999 -5.9% $87 / Sq Ft View Prior Sale
03/24/2021 03/24/21 Pending -- -- --
02/05/2020 02/05/20 For Sale $425,000 -- $92 / 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 $2,959 $338,200 $53,400 $284,800
2023 $2,996 $334,800 $49,900 $284,900
2022 $5,802 $610,700 $23,500 $587,200
2021 $2,986 $231,500 $16,100 $215,400
2020 $2,900 $232,000 $16,100 $215,900
2019 $2,811 $232,300 $16,100 $216,200
2018 $3,046 $232,500 $16,100 $216,400
2017 $3,026 $232,800 $16,100 $216,700
2016 $2,790 $218,500 $16,100 $202,400
2015 $1,118 $84,700 $18,600 $66,100
2014 $967 $87,900 $18,600 $69,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1563799

Maine Listings

APN: EUST-000017U-000000-000012