NOT LISTED FOR SALE

62 State St Brewer, ME 04412

Estimated Value: $306,000 - $396,000

5 Beds
3 Baths
3,668 Sq Ft
$92/Sq Ft Est. Value

Last Sold January 07, 2022

Last sale price $247,000 $67 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $2,185/month

Highlights

  • Colonial Architecture
  • 1 Car Detached Garage
  • Tile Flooring
  • No HOA
  • Porch
  • Forced Air Heating System

About This Home

As of January 2022

Dynamic 3 unit property in a truly prime location! Close to Northern Light Eastern Maine Medical Center, St. Josephs Hospital and Northern Light Health. Unit #1 -boasts an expansive 3-4 bedroom and 2 bath; Unit #2 - is a cozy 2 bedroom with 1 bath; Unit #3 - is a private 1 bedroom with 1 bath. Potential to rent out storage space in the garage. Plenty of options!

Last Agent to Sell the Property

Jason Edwards

EXP Realty Listed on: 11/24/2021

EXP Realty

Last Buyer's Agent

Jason Edwards

The Rock Foundation

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,811

Year Built

  • Built in 1900

Lot Details

  • 0.25

Parking

  • 1 Car Detached Garage
  • Gravel Driveway

Home Design

  • Colonial Architecture
  • Contemporary Architecture
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 3 Full Bathrooms
  • 3,668 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Tile
  • Vinyl

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System

Additional Features

  • Porch
  • 0.25 Acre Lot
  • City Lot

Listing and Financial Details

  • Tax Lot 007
  • Assessor Parcel Number BRER-000033-000000-000007

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $12,800
  • Gross Income $38,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,811

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.25
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From the intersection of N. Main and State, turn south onto State St., Property is on the Left before Washington St.
  • Above Grade Finished Sq Ft: 3668.0
  • Architectural Style: Contemporary, Colonial
  • Garage Yn: Yes
  • Building Stories: 2
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 76.34
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.25
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3668.0
  • Property Information:Garage: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Property Information:Garage Spaces: 1.0
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Amenities:Laundry - Hookup: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 3
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 38400.0
  • Income Expenses Operating Expenses: 12800.0
  • Parking:On Site2: Yes
  • Exterior:Wood Siding: Yes
  • Style:Colonial: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Property Information:Short Sale Continue to Show: No
  • Driveway:Gravel: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Foundation Materials:Granite2: Yes
  • Building Info:_pound_ Floors3: 2
  • Advertising Remarks:Advertising Remarks: Dynamic 3 unit property in a truly prime location! Close to Northern Light Eastern Maine Medical Center, St. Josephs Hospital and Northern Light Health. Unit #1 -boasts an expansive 3-4 bedroom and 2 bath; Unit #2 - is a cozy 2 bedroom with 1 bath; Unit #3 - is a private 1 bedroom with 1 bath. Potential to rent out storage space in the garage. Plenty of options!
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Fireplace: No
  • Flooring: Vinyl, Tile, Carpet
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Sidewalks, Intown, Near Shopping, Neighborhood
  • Waterfront: No
  • Construction Type: Wood Siding, Vinyl Siding, Wood Frame
  • Foundation Details: Granite
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: 5 - 10 Spaces, Gravel, On Site, Detached

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level, Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Forced Air, Baseboard, Hot Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Schools

  • Junior High Dist: Brewer Public Schools

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10890.0
  • Parcel #: BRER-000033-000000-000007
  • Zoning: res

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 38400.0
  • Annual Operating Expense: 12800.0

Tax Info

  • Tax Annual Amount: 3811.0
  • Tax Lot: 007
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 24, 2021
Closed on
Jan 7, 2022
Sold by
Cronin John
Bought by
Connolly Douglas
Seller's Agent
Jason Edwards
EXP Realty
Buyer's Agent
Jason Edwards
EXP Realty
List Price
$280,000
Sold Price
$247,000
Premium/Discount to List
-$33,000
-11.79%
Current Estimated Value
$335,870

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,870
Avg. Annual Appreciation
8.01%
Original Mortgage
$185,250
Outstanding Balance
$170,054
Interest Rate
3.12%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$165,816

Purchase Details

Listed on
Feb 9, 2018
Closed on
Jun 19, 2018
Sold by
Fitzpatrick Kelly K
Bought by
Cronin John
Seller's Agent
Pam Libby
NextHome Experience
Buyer's Agent
Lynn Libby
Keller Williams Realty
List Price
$179,900
Sold Price
$169,000
Premium/Discount to List
-$10,900
-6.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.22%
Original Mortgage
$126,750
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 24, 2008
Sold by
Baughman Ronald L and Baughman Corean S
Bought by
Stratton Steven D and Fitzpatrick Kelly K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,685
Interest Rate
6.03%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Connolly Douglas -- None Available
Connolly Douglas -- None Available
Cronin John -- --
Cronin John -- --
Stratton Steven D -- --
Stratton Steven D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Connolly Douglas $185,250
Closed Connolly Douglas $185,250
Previous Owner Cronin John $126,750
Previous Owner Stratton Steven D $152,685
Previous Owner Stratton Steven D $10,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/07/2022 01/07/22 Sold $247,000 -11.8% $67 / Sq Ft
11/24/2021 11/24/21 For Sale $280,000 +65.7% $76 / Sq Ft
11/23/2021 11/23/21 Pending -- -- --
06/15/2018 06/15/18 Sold $169,000 -6.1% $46 / Sq Ft View Prior Sale
04/25/2018 04/25/18 Pending -- -- --
02/08/2018 02/08/18 For Sale $179,900 -- $49 / 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 $5,159 $274,400 $25,500 $248,900
2023 $4,969 $247,200 $23,700 $223,500
2021 $4,670 $209,400 $23,400 $186,000
2020 $3,811 $167,500 $23,400 $144,100
2019 $3,763 $163,700 $23,400 $140,300
2018 $3,528 $160,300 $23,400 $136,900
2017 $3,607 $160,300 $23,400 $136,900
2016 $3,450 $160,300 $23,400 $136,900
2015 $3,450 $160,300 $23,400 $136,900
2014 $3,356 $160,400 $23,400 $137,000
2013 $3,669 $175,400 $16,100 $159,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1515397

Maine Listings

APN: BRER-000033-000000-000007