NOT LISTED FOR SALE

7 Love Ln Kittery, ME 03904

Estimated Value: $631,000 - $786,000

5 Beds
3 Baths
1,920 Sq Ft
$367/Sq Ft Est. Value

Last Sold November 28, 2016

Last sale price $350,000 $182 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $4,140/month

128 Days on Market

Highlights

  • Nearby Water Access
  • Wood Flooring
  • Corner Lot
  • Horace Mitchell Primary School Rated A-
  • New Englander Architecture
  • No HOA

About This Home

As of November 2016

GREAT OPPORTUNITY FOR 3 UNIT RENTAL PROPERTY. NEW ROOF IN 2015, NEW SEPTIC PUMP AND WIRING 2015.

Last Agent to Sell the Property

Bill Green

Century 21 North East Listed on: 07/08/2016

Century 21 North East

Last Buyer's Agent

Joseph Leddy

Bean Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,996

Year Built

  • Built in 1880

Lot Details

  • 8,712 Sq Ft Lot
  • Corner Lot

Home Design

  • New Englander Architecture
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 3 Full Bathrooms
  • 3-Story Property

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Finished Basement

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

Parking

  • Common or Shared Parking
  • Gravel Driveway
  • Shared Driveway

Utilities

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

Additional Features

  • Nearby Water Access
  • City Lot

Listing and Financial Details

  • Tax Lot 11
  • Assessor Parcel Number KITT-000009-000000-000041

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Gross Income $36,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,996

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: STATE ROAD TO LOVE LANE PROPERTY ON RIGHT.
  • Above Grade Finished Sq Ft: 1584.0
  • Architectural Style: New Englander
  • Building Stories: 3
  • Year Built: 1880
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 182.29
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.2
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 1584.0
  • Property Information:SqFt Finished Below Grade: 336.0
  • Site:Corner Lot: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Percent Basement Finished: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: 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
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Walk-Out: Yes
  • Water Heater:Gas: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:Stone: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 36300.0
  • Recreational Water:Nearby: Yes
  • Driveway:Gravel: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Style:New Englander: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Walk-Out Access, Finished, Full
  • Full Bathrooms: 3
  • Below Grade Sq Ft: 336.0
  • Fireplace: No
  • Flooring: Wood, Vinyl, Laminate, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Corner Lot, Intown
  • Waterfront: No
  • Construction Type: Composition, Wood Frame
  • Foundation Details: Stone
  • Roof: Shingle

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8712.0
  • Parcel #: KITT-000009-000000-000041
  • Zoning: UR

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 36300.0

Tax Info

  • Tax Annual Amount: 3996.0
  • Tax Lot: 11
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2016
Closed on
Nov 28, 2016
Sold by
Matthews Michael F and Matthews Brian G
Bought by
Love Lane Llc
Seller's Agent
Bill Green
Century 21 North East
Buyer's Agent
Joseph Leddy
Bean Group
List Price
$379,900
Sold Price
$350,000
Premium/Discount to List
-$29,900
-7.87%
Current Estimated Value
$704,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$354,667
Avg. Annual Appreciation
7.96%

Purchase Details

Closed on
Jul 11, 2005
Sold by
Matthews Michael F
Bought by
Matthews Michael F and Matthews Brian G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,000
Interest Rate
6%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Love Lane Llc -- --
Love Lane Llc -- --
Love Lane Llc -- --
Matthews Michael F -- --
Matthews Michael F -- --
Matthews Michael F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Matthews Michael F $318,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/28/2016 11/28/16 Sold $350,000 -7.9% $182 / Sq Ft
11/14/2016 11/14/16 Pending -- -- --
07/08/2016 07/08/16 For Sale $379,900 -- $198 / 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 $5,457 $384,300 $181,900 $202,400
2023 $5,230 $384,300 $181,900 $202,400
2022 $5,180 $384,300 $181,900 $202,400
2021 $4,996 $384,300 $181,900 $202,400
2020 $4,957 $384,300 $181,900 $202,400
2019 $4,446 $255,500 $116,000 $139,500
2018 $4,092 $255,000 $116,000 $139,000
2017 $4,437 $255,000 $116,000 $139,000
2016 $4,093 $255,000 $116,000 $139,000
2015 $3,996 $255,000 $116,000 $139,000
2014 -- $255,000 $116,000 $139,000
2013 $3,881 $255,000 $116,000 $139,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1273343

Maine Listings

APN: KITT-000009-000000-000041