$500,000
SOLD JAN 24, 2025

7 Raymond Hill Rd Raymond, ME 04071

-- Bed
2 Baths
1,828 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$274 Per Sq Ft

5% Below List Price

39 Days on Market

Highlights

  • Beach Access
  • Cape Cod Architecture
  • Wood Flooring
  • Public Beach
  • Deck
  • Main Floor Bedroom

About This Home

As of January 2025

This unique property has a style all its own! The Grange is a historic gem that features two units and has been recently updated. The main level of the Grange features an open concept living/dining/kitchen area. The kitchen has bar seating for 4 and stainless appliances. There are two bedrooms with the primary bedroom having direct access to the full bath . There is a tub/ shower and the washer & dryer is included. Entry area/mud room and lower level storage area. Huge deck. This unit is a successful short to mid term rental averaging $2,900/month. The lower unit is fully furnished with upscale furnishings included. The kitchen has a new dishwasher and microwave, full bath with shower, washer/dryer, living /dining room and bedroom with large closet. This unit is rented annually with a great tenant in place at $1,500/mo. Lease expires in January but they would like to extend if possible. Lots of recent upgrades to the building including two 100 amp separate services, generator hookups for each unit, reclaimed driveways for each unit, water treatment system, gutters, cabinets/shelving interior paint on lower unit along with other improvements. Great owner occupied property or investment property. Large storage shed. Nice lawns and landscaping. The units do not share any common elements. Parking areas are separate as are the outdoor living spaces. Income and expenses are from January - September.

Last Agent to Sell the Property

Carol Kline

Kline Realty Group Listed on: 11/08/2024

Last Buyer's Agent

Sarah Msuya

Dream Home Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,336

Year Built

  • Built in 1900

Lot Details

  • 8,712 Sq Ft Lot
  • Public Beach
  • Rural Setting
  • Landscaped
  • Level Lot
  • Open Lot

Home Design

  • Cape Cod Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 2 Full Bathrooms
  • Bathtub
  • Shower Only

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Sump Pump
  • Natural lighting in basement

Parking

  • Driveway
  • On-Site Parking

Outdoor Features

  • Beach Access
  • Nearby Water Access
  • Deck
  • Shed

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Heat Pump System
  • Generator Hookup
  • Well
  • Septic System
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 110
  • Assessor Parcel Number RYMD-000010-000000-000110

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $13,816
  • Gross Income $39,635

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,336

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Webbs Mills Road to Raymond Hill Road. Property is first one on the right.
  • Above Grade Finished Sq Ft: 1207.0
  • Architectural Style: Cape
  • Garage Yn: No
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.2
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1207.0
  • Property Information:SqFt Finished Below Grade: 621.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Daylight: Yes
  • Percent Basement Finished: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Style:Cape: Yes
  • Electric:Circuit Breakers: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Exterior:Vinyl Siding: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:Shower: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 2
  • Income Expenses Gross Income: 39635.0
  • Income Expenses Operating Expenses: 13816.0
  • Parking:On Site2: Yes
  • Location:Near Public Beach: Yes
  • Amenities:Bathtub: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Recreational Water:Nearby: Yes
  • Location:Rural: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Equipment:Cable: Yes
  • Basement:Sump Pump: Yes
  • Electric:Generator Hookup: Yes
  • Water Heater:Heat Pump2: Yes
  • Driveway:Reclaimed: Yes
  • Recreational Water:Beach Rights: Yes
  • Other Structures:Shed: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Walk-Out Access, Daylight, Finished, Full, Sump Pump, Interior Entry
  • Full Bathrooms: 2
  • Below Grade Sq Ft: 621.0
  • Flooring: Wood, Laminate
  • Interior Amenities: 1st Floor Bedroom, Bathtub, Shower
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Landscaped, Near Public Beach, Near Town, Rural
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Reclaimed, On Site

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level, Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • Electric: Generator Hookup, Circuit Breakers
  • Sewer: Septic Existing on Site
  • Utilities: Utilities On
  • Water Source: Well

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8712.0
  • Parcel #: RYMD-000010-000000-000110
  • Zoning: R

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 39635.0
  • Annual Operating Expense: 13816.0

Tax Info

  • Tax Annual Amount: 3336.0
  • Tax Book Number: 40056
  • Tax Lot: 110
  • Tax Map Number: 10
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2024
Closed on
Jan 24, 2025
Sold by
Riverside Hall Llc
Bought by
Scribner Ethan
Seller's Agent
Carol Kline
Kline Realty Group
Buyer's Agent
Sarah Msuya
Dream Home Realty LLC
List Price
$525,000
Sold Price
$500,000
Premium/Discount to List
-$25,000
-4.76%
Views
18
Current Estimated Value
$518,209

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,209
Avg. Annual Appreciation
-1.16%
Original Mortgage
$490,943
Outstanding Balance
$490,070
Interest Rate
6.6%
Mortgage Type
FHA
Estimated Equity
$6,513

Purchase Details

Closed on
Apr 3, 2022
Sold by
Papps Elizabeth
Bought by
Riverside Hall Llc

Purchase Details

Closed on
Aug 2, 2019
Sold by
Digital B Llc
Bought by
Papps Elizabeth

Purchase Details

Closed on
Nov 24, 2010
Sold by
Leavitt Charles W
Bought by
Leavitt Dennis M
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 Type Sale Price Title Company
Warranty Deed $500,000 None Available
Warranty Deed $500,000 None Available
Warranty Deed $401,000 None Available
Warranty Deed $401,000 None Available
Warranty Deed $401,000 None Available
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $490,943 FHA
Closed $490,943 FHA
Previous Owner $160,000 Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2025 01/24/25 Sold $500,000 +0.2% $274 / Sq Ft
12/18/2024 12/18/24 Pending -- -- --
11/15/2024 11/15/24 Price Changed $499,000 -5.0% $273 / Sq Ft
11/08/2024 11/08/24 For Sale $525,000 +30.9% $287 / Sq Ft
04/03/2023 04/03/23 Sold $401,000 -2.2% $219 / Sq Ft
04/03/2023 04/03/23 Sold $410,000 +5.4% $224 / Sq Ft
03/02/2023 03/02/23 Pending -- -- --
03/02/2023 03/02/23 Pending -- -- --
02/28/2023 02/28/23 For Sale $389,000 0.0% $213 / Sq Ft
02/28/2023 02/28/23 For Sale $389,000 -- $213 / 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 $3,609 $209,800 $25,500 $184,300
2023 $3,336 $209,800 $25,500 $184,300
2022 $3,147 $209,800 $25,500 $184,300
2021 $2,958 $209,800 $25,500 $184,300
2019 $1,321 $98,200 $25,500 $72,700
2018 $1,237 $98,200 $25,500 $72,700
2017 $1,208 $98,200 $25,500 $72,700
2016 $1,188 $98,200 $25,500 $72,700
2015 $1,173 $98,200 $25,500 $72,700
2014 $1,320 $111,900 $25,500 $86,400
2013 $1,259 $111,900 $25,500 $86,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1608746

Maine Listings

APN: RYMD-000010-000000-000110