$136,000
SOLD JUL 30, 2021

69 Elm St Newport, ME 04953

-- Bed
2 Baths
1,632 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$83 Per Sq Ft

9% Above List Price

42 Days on Market

Highlights

  • 50 Feet of Waterfront
  • Forced Air Heating System
  • Open Lot
  • No HOA
  • Baseboard Heating
  • Lot Has A Rolling Slope

About This Home

As of March 2024

Great investment or owner occupied opportunity here with this well maintained in-town duplex with 50' owned frontage on the Sebasticook River! First floor unit is a two bedroom units with tenants since April 2019 in place and the second and third floor unit is a large 2-3 bedroom unit with tenants in place since June 2018. The seller has done many updates over the years to keep this property in great shape. If you are looking for a great place to bring in some stable income, or an opportunity for someone else help you pay the mortgage, this one is a must see!

Last Agent to Sell the Property

Matt Pouliot

Pouliot Real Estate Brokerage Phone: 207-248-6044 Listed on: 06/17/2021

Last Buyer's Agent

Bradley Duplisea

Brookewood Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,298

Year Built

  • Built in 1900

Lot Details

  • 4,792 Sq Ft Lot
  • 50 Feet of Waterfront
  • River Front
  • Open Lot
  • Lot Has A Rolling Slope

Home Design

  • Duplex
  • Wood Frame Construction
  • Shingle Roof
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • 1,632 Sq Ft Home
  • Water Views
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Laminate
  • Vinyl

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking
  • Off-Street Parking

Location

  • City Lot

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Baseboard Heating
  • Natural Gas Not Available
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 39
  • Assessor Parcel Number NEPT-000015-000000-000039

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $7,022
  • Gross Income $18,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,298

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Road Surface Type: Paved
  • Water Body Name: Sebasticook River
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1632.0
  • Architectural Style: Duplex
  • Garage Yn: No
  • Year Built: 1900
  • Attribution Contact: 207-248-6044
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.11
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1632.0
  • Property Information:Garage: No
  • Site:Open: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat Fuel:Oil: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Roof:Metal: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Income Expenses Gross Income: 18900.0
  • Income Expenses Operating Expenses: 7022.0
  • Style:Duplex: Yes
  • Water Info:Waterfront Amount -: 50.0
  • Water Info:Water Frontage Owned -: 50.0
  • Site:RollingSloping: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Interior Entry, Walk-Out Access
  • Full Bathrooms: 2
  • Flooring: Vinyl, Laminate, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Open Lot, Rolling Slope, Intown
  • Waterfront Features: River
  • Waterfront: Yes
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Metal, Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved, Common, Off Street

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Other Heat System, 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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4791.6
  • Parcel #: NEPT-000015-000000-000039
  • Zoning: Res

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 18900.0
  • Annual Operating Expense: 7022.0

Tax Info

  • Tax Annual Amount: 1298.0
  • Tax Book Number: 10876
  • Tax Lot: 39
  • Tax Map Number: 15
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2023
Closed on
Mar 15, 2024
Sold by
Pushard Tony Melvin Est and Pushard
Bought by
Levine Philip J and Holbrook Edward G
Seller's Agent
Aimee Mattera
EXP Realty
Buyer's Agent
Diane Belanger
RE/MAX Infinity
List Price
$169,000
Sold Price
$148,500
Premium/Discount to List
-$20,500
-12.13%
Views
8
Current Estimated Value
$176,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,400
Avg. Annual Appreciation
18.31%

Purchase Details

Listed on
Jun 17, 2021
Closed on
Jul 30, 2021
Sold by
Keaney Patrick G
Bought by
Pushar Tony M
Seller's Agent
Matt Pouliot
Pouliot Real Estate
Buyer's Agent
Bradley Duplisea
Brookewood Realty
List Price
$124,900
Sold Price
$136,000
Premium/Discount to List
$11,100
8.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.40%
Original Mortgage
$133,536
Interest Rate
2.93%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 6, 2013
Sold by
Keaney Patrick G and Mccollor Rae L
Bought by
Bangor Savings Bank

Purchase Details

Closed on
Mar 19, 2007
Sold by
Russell Kyle and Russell Roxanne
Bought by
Keaney Patrick G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,200
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Personal Reps Deed $148,500 None Available
Warranty Deed -- None Available
Deed In Lieu Of Foreclosure -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $133,536 FHA
Previous Owner $59,200 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2024 03/15/24 Sold $148,500 -12.1% $91 / Sq Ft
01/26/2024 01/26/24 Pending -- -- --
09/19/2023 09/19/23 For Sale $169,000 +24.3% $104 / Sq Ft
07/30/2021 07/30/21 Sold $136,000 +8.9% $83 / Sq Ft
06/28/2021 06/28/21 Pending -- -- --
05/16/2021 05/16/21 For Sale $124,900 -- $77 / 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 $1,593 $91,000 $14,600 $76,400
2023 $1,387 $85,100 $13,700 $71,400
2022 $1,317 $67,200 $10,800 $56,400
2021 $1,323 $64,200 $10,300 $53,900
2020 $1,298 $63,000 $10,100 $52,900
2019 $1,267 $59,500 $9,600 $49,900
2018 $1,267 $59,500 $9,600 $49,900
2017 $3,349 $59,500 $9,600 $49,900
2016 $602 $59,500 $9,600 $49,900
2015 $1,065 $59,500 $9,600 $49,900
2014 $1,023 $59,500 $9,600 $49,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1491889

Maine Listings

APN: NEPT-000015-000000-000039