NOT LISTED FOR SALE

7 Akron Ave South Berwick, ME 03908

Estimated Value: $877,763 - $1,050,000

12 Beds
6 Baths
4,032 Sq Ft
$230/Sq Ft Est. Value

Last Sold May 27, 2022

Last sale price $795,000 $197 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $6,079/month

42 Days on Market

Highlights

  • Additional Residence on Property
  • Deck
  • Wood Flooring
  • View of Trees or Woods
  • Wooded Lot
  • No HOA

About This Home

As of May 2022

Two duplexes off Academy Street on 1.49 acres. Potential to add additional units and/or condo each apartment. Each unit is rented. Tenants pay all utilities, and the seller has excellent rental history. One duplex built in 2003 (two bedrooms each side) and the other built in the 1880s (four bedrooms each side). Showings on Monday and Friday only from 11:00 - 1:00, beginning on Friday, March 11th. Serious investors take note! Masks required. Per the Town of South Berwick Assessor's Card, Units 7A and 7B show as 3 bedrooms each.

Last Agent to Sell the Property

Laura Daily

CENTURY 21 Atlantic Realty Listed on: 03/03/2022

CENTURY 21 Atlantic Realty

Co-Listed By

Jeffrey Jellison

CENTURY 21 Atlantic Realty

Last Buyer's Agent

Erica Van Dissel

Berkshire Hathaway HomeServices Verani Realty

Berkshire Hathaway HomeServices Verani Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,886

Year Built

  • Built in 2003

Lot Details

  • 1.49 Acre Lot
  • Property fronts a private road
  • Lot Has A Rolling Slope
  • Wooded Lot

Home Design

  • Duplex
  • Brick Foundation
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Composition Roof
  • Clap Board Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 4,032 Sq Ft Home
  • Views of Woods

Flooring

  • Wood
  • Carpet
  • Vinyl

Basement

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

Parking

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

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Steam
  • Gas Water Heater

Additional Features

  • Deck
  • Additional Residence on Property
  • City Lot

Listing and Financial Details

  • Tax Lot 18
  • Assessor Parcel Number SBER-000021-000000-000008

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $13,465
  • Gross Income $62,940

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,886

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 1.49
  • Road Frontage Type: Private
  • Co List Office Mls Id: 1031
  • Co List Office Phone: 207-363-4053
  • MLS Status: Closed
  • Directions: Academy Street to Akron Ave.
  • Above Grade Finished Sq Ft: 4032.0
  • Architectural Style: Duplex
  • Garage Yn: No
  • Year Built: 2003
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 1.49
  • Property Information:Total Baths: 6.0
  • Property Information:SqFt Finished Above Grade: 4032.0
  • Property Information:Garage: No
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Water Heater:Gas: Yes
  • Roads:Private: Yes
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Roof:Composition2: Yes
  • Property Information:Number of Units: 4
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Exterior:Clapboard: Yes
  • Income Expenses Gross Income: 62940.0
  • Income Expenses Operating Expenses: 13465.0
  • Heat System:Steam: Yes
  • Parking:Paved3: Yes
  • Style:Duplex: Yes
  • Property Information:Short Sale Continue to Show: No
  • Site:Wooded: Yes
  • View:TreesWoods: Yes
  • Site:RollingSloping: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Parking:Off Site: Yes
  • Property Information:Bank Owned REO: No
  • Basement Entry:Exterior Only: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Interior Entry, Exterior Only
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Flooring: Wood, Vinyl, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Rolling Slope, Wooded, Intown
  • View: Trees/Woods
  • Waterfront: No
  • Construction Type: Vinyl Siding, Clapboard, Other, Wood Frame
  • Foundation Details: Stone, Concrete Perimeter, Brick/Mortar
  • Patio And Porch Features: Deck
  • Roof: Composition
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved, Common, Off Site, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Steam, Hot Water, Baseboard
  • 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: 64904.4
  • Parcel #: SBER-000021-000000-000008
  • Zoning: R-1

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 62940.0
  • Annual Operating Expense: 13465.0

Tax Info

  • Tax Annual Amount: 7886.0
  • Tax Book Number: 15627
  • Tax Lot: 18
  • Tax Map Number: 21
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2022
Closed on
May 27, 2022
Sold by
Bradder William E
Bought by
Brenner Matthew and Bruno Moulton H
Seller's Agent
Laura Daily
CENTURY 21 Atlantic Realty
Buyer's Agent
Erica Van Dissel
Berkshire Hathaway HomeServices Verani Realty
List Price
$795,000
Sold Price
$795,000
Current Estimated Value
$928,941

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,941
Avg. Annual Appreciation
3.18%
Original Mortgage
$748,244
Outstanding Balance
$716,034
Interest Rate
5.1%
Mortgage Type
FHA
Estimated Equity
$159,190

Purchase Details

Closed on
May 11, 2009
Sold by
Remick Daniel M and Remick Jennifer D
Bought by
Bradder William E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
4.9%
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 Buyer Sale Price Title Company
Brenner Matthew $795,000 None Available
Bradder William E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brenner Matthew $748,244
Previous Owner Bradder William E $328,000
Previous Owner Remick Jennifer D $275,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2022 05/27/22 Sold $795,000 0.0% $197 / Sq Ft
04/15/2022 04/15/22 Pending -- -- --
03/03/2022 03/03/22 For Sale $795,000 -- $197 / 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 $10,847 $808,300 $172,200 $636,100
2023 $10,012 $717,200 $150,700 $566,500
2022 $8,285 $569,800 $143,500 $426,300
2021 $7,672 $493,700 $143,500 $350,200
2020 $7,886 $450,600 $127,000 $323,600
2019 $7,907 $420,600 $115,500 $305,100
2018 $6,119 $436,700 $116,200 $320,500
2017 $8,297 $436,700 $116,200 $320,500
2016 $7,992 $436,700 $116,200 $320,500
2015 $7,773 $436,700 $116,200 $320,500
2014 $7,730 $436,700 $116,200 $320,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1520917

Maine Listings

APN: SBER-210080