NOT LISTED FOR SALE

7 Main St Cambridge, ME 04923

Estimated Value: $275,000

-- Bed
3 Baths
4,032 Sq Ft
$68/Sq Ft Est. Value

Last Sold August 02, 2021

Last sale price $170,000 $42 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $1,794/month

294 Days on Market

Highlights

  • Water Views
  • Deck
  • No HOA
  • Home fronts a pond
  • Wood Flooring
  • 3 Car Garage

About This Home

As of August 2021

Large 4 bedroom upstairs rental currently being used for Air B&B. Small one bedroom apartment located next to what was the grain storage area. Country store and restaurant are waiting for just the right person. Very successful business over the past years. Cambridge Post Office is a renter as well. Located on the ATV and snowmobile trails. This property has plenty of additional room to use as store front or storage.

Last Agent to Sell the Property

Debra Santos-Chapman

EXP Realty Listed on: 06/03/2021

EXP Realty

Co-Listed By

Jenna Chapman

EXP Realty

Last Buyer's Agent

Debra Santos-Chapman

EXP Realty Listed on: 06/03/2021

EXP Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,289

Year Built

  • Built in 1850

Lot Details

  • 1 Acre Lot
  • Home fronts a pond
  • Rural Setting
  • Level Lot
  • Open Lot

Parking

  • 3 Car Garage
  • Gravel Driveway

Property Views

  • Water
  • Scenic Vista

Home Design

  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Wood Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,032 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Walk-In Closet
  • 3 Full Bathrooms
  • Shower Only

Basement

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

Outdoor Features

  • Deck

Utilities

  • Air Conditioning
  • Zoned Heating
  • Heating System Uses Oil
  • Heat Pump System
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Hot Water Heating System
  • Private Water Source
  • Well
  • Electric Water Heater
  • Septic System
  • Private Sewer

Listing and Financial Details

  • Tax Lot 29
  • Assessor Parcel Number CAME-000000-T000000-000029

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $11,440
  • Gross Income $30,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,289

Year Built

Built in 1850

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 1.0
  • Road Surface Type: Paved
  • Water Body Name: Cambridge Pond
  • Co List Office Mls Id: 2742
  • Co List Office Phone: 888-439-8743
  • MLS Status: Closed
  • Directions: Located in Cambridge Village across from Cambridge Pond.
  • Above Grade Finished Sq Ft: 4032.0
  • Architectural Style: Other Style
  • Garage Yn: Yes
  • Building Stories: 2
  • Year Built: 1850
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 1.0
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 4032.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Property Information:Garage Spaces: 3.0
  • Exterior:Vinyl Siding: Yes
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Cooling:Heat Pump3: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:Shower: Yes
  • Vehicle Storage:Detached: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Amenities:Walk-in Closets: Yes
  • Property Information:Number of Units: 2
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 30600.0
  • Income Expenses Operating Expenses: 11440.0
  • Exterior:Wood Siding: Yes
  • Sewer:Private Sewer: Yes
  • Roof:Pitched: Yes
  • Location:Rural: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Site:RollingSloping: Yes
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • View:Scenic: Yes
  • Heat System:Direct Vent Heater: Yes
  • Foundation Materials:Granite2: Yes
  • Cooling:AC Units: Yes
  • Building Info:_pound_ Floors3: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Full, Interior Entry
  • Full Bathrooms: 3
  • Fireplace: No
  • Flooring: Wood, Vinyl, Carpet
  • Interior Amenities: Shower, Walk-In Closet(s)
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Rolling Slope, Rural
  • View: Scenic
  • Waterfront Features: Pond
  • Waterfront: No
  • Construction Type: Wood Siding, Vinyl Siding, Wood Frame
  • Foundation Details: Granite, Concrete Perimeter
  • Patio And Porch Features: Deck
  • Roof: Pitched, Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Parking Features: 5 - 10 Spaces, Gravel, Paved, Detached

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: Heat Pump, A/C Units
  • Cooling Y N: Yes
  • Heating: Multi-Zones, Hot Water, Heat Pump, Direct Vent Heater, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer, Septic Existing on Site
  • Utilities: Utilities On
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 43560.0
  • Parcel #: CAME-000000-T000000-000029
  • Zoning: rural

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 30600.0
  • Annual Operating Expense: 11440.0

Tax Info

  • Tax Annual Amount: 3289.0
  • Tax Book Number: 5382
  • Tax Lot: 29
  • Tax Map Number: T
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2018
Closed on
Feb 15, 2019
Sold by
Cambridge Properties Llc
Bought by
Cambridge Corner Llc
Seller's Agent
James Quimby
Realty of Maine
Buyer's Agent
Heather Blodgett
Allied Realty
List Price
$199,900
Sold Price
$188,000
Premium/Discount to List
-$11,900
-5.95%
Current Estimated Value
$275,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,000
Avg. Annual Appreciation
11.26%
Original Mortgage
$150,400
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 4, 2013
Sold by
Dowse Patricia
Bought by
Sanders Tina R and Sanders Bobby R

Purchase Details

Closed on
Apr 12, 2012
Sold by
Dimeo Jeremy L and Dimeo Tony F
Bought by
Dowse Patricia
Source: Public Records

Range of Values:

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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
Cambridge Corner Llc -- --
Cambridge Corner Llc -- --
Sanders Tina R -- --
Dowse Patricia -- --
Dowse Patricia -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gentille Prop Llc $136,000
Closed Gentille Prop Llc $60,000
Closed Cambridge Corner Llc $150,400
Previous Owner Cambridge Properties Llc $135,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2021 08/02/21 Sold $170,000 -14.6% $42 / Sq Ft
06/17/2021 06/17/21 Pending -- -- --
08/26/2020 08/26/20 For Sale $199,000 +5.9% $49 / Sq Ft
02/15/2019 02/15/19 Sold $188,000 -6.0% $47 / Sq Ft
11/19/2018 11/19/18 Pending -- -- --
09/20/2018 09/20/18 For Sale $199,900 -- $50 / 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
2021 $3,433 $176,500 $16,500 $160,000
2020 $3,045 $176,500 $16,500 $160,000
2019 $3,289 $160,460 $15,000 $145,460
2017 $3,186 $149,590 $13,000 $136,590
2016 $3,117 $149,590 $13,000 $136,590
2015 $3,014 $149,590 $13,000 $136,590
2014 $2,932 $149,590 $13,000 $136,590
2013 -- $149,590 $13,000 $136,590
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1466182

Maine Listings

APN: CAME-000000-T000000-000029