NOT LISTED FOR SALE

63 Madison Ave Madison, ME 04950

Estimated Value: $234,000 - $271,155

5 Beds
5 Baths
1,750 Sq Ft
$142/Sq Ft Est. Value

Last Sold November 17, 2020

Last sale price $156,350 $89 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $1,518/month

3 Days on Market

Highlights

  • New Englander Architecture
  • Baseboard Heating
  • Carpet
  • No HOA

About This Home

As of November 2020

Clean and well maintained 5 unit apartment house located in the center of Madison. Good income earner with established tenants in place, with the exception of the 2 bedroom which was owner occupied. There is an electric wall chair making two of the upstairs units handicap accessible. Each unit comes with appliances in place. Convenient to downtown and shopping!

Last Agent to Sell the Property

Rachel Davis

Allied Real Estate Listed on: 10/03/2020

Last Buyer's Agent

Aaron Bolster

Allied Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,633

Year Built

  • Built in 1898

Lot Details

  • 8,712

Home Design

  • 1,750 Sq Ft Home
  • New Englander Architecture
  • Metal Roof

Flooring

  • Carpet
  • Laminate

Utilities

  • No Cooling
  • Baseboard Heating
  • Hot Water Heating System

Additional Features

  • 5 Full Bathrooms
  • 8,712 Sq Ft Lot

Listing and Financial Details

  • Tax Lot 136
  • Assessor Parcel Number MADN-000021-000000-000136

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Operating Expense $17,041
  • Gross Income $25,980

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,633

Year Built

Built in 1898

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2
  • MLS Status: Closed
  • Directions: GPS Friendly!
  • Above Grade Finished Sq Ft: 1750.0
  • Architectural Style: New Englander
  • Garage Yn: No
  • Year Built: 1898
  • Contract Information:List PriceSqFt: 94.29
  • Property Information:Seasonal: No
  • Water Info:Water View2: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Bulkhead
  • Full Bathrooms: 5
  • Flooring: Carpet, Laminate

Exterior Features

  • Lot Features: Business District
  • Waterfront: No
  • Patio And Porch Features: Porch-Screened
  • Roof: Metal

Garage/Parking

  • Attached Garage: No

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8712.0
  • Parcel #: MADN-000021-000000-000136
  • Zoning: RES IN

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 25980.0
  • Annual Operating Expense: 17041.0

Tax Info

  • Tax Annual Amount: 2633.0
  • Tax Lot: 136

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2020
Closed on
Nov 17, 2020
Sold by
White Ardis
Bought by
Chapman Brady T and Chapman Jennifer L
Seller's Agent
Rachel Davis
Allied Real Estate
Buyer's Agent
Aaron Bolster
Allied Realty
List Price
$165,000
Sold Price
$156,350
Premium/Discount to List
-$8,650
-5.24%
Current Estimated Value
$247,789

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,439
Avg. Annual Appreciation
9.04%
Original Mortgage
$125,080
Outstanding Balance
$110,794
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$136,995

Purchase Details

Closed on
Oct 25, 2018
Sold by
Prevost Ella A Est
Bought by
White Ardis L
Source: Public Records
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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
Chapman Brady T -- None Available
White Ardis L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chapman Brady T $125,080
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2020 11/17/20 Sold $156,350 -5.2% $89 / Sq Ft
10/07/2020 10/07/20 Pending -- -- --
10/03/2020 10/03/20 For Sale $165,000 -- $94 / Sq Ft
Source: Maine Listings

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 $2,916 $181,100 $26,900 $154,200
2023 $2,620 $156,900 $22,800 $134,100
2022 $2,539 $136,600 $18,000 $118,600
2021 $2,534 $130,500 $17,200 $113,300
2020 $2,658 $125,100 $17,200 $107,900
2019 $2,633 $123,900 $17,000 $106,900
2018 $2,664 $123,900 $17,000 $106,900
2017 $2,664 $123,900 $17,000 $106,900
2016 $2,602 $123,900 $17,000 $106,900
2015 $2,416 $123,900 $17,000 $106,900
2014 $2,416 $123,900 $17,000 $106,900
2013 $2,172 $123,900 $17,000 $106,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1471377

Maine Listings

APN: MADN-000021-000000-000136

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