NOT LISTED FOR SALE

7 Union St Old Town, ME 04468

Estimated Value: $229,000 - $320,000

-- Bed
2 Baths
2,296 Sq Ft
$117/Sq Ft Est. Value

Last Sold May 15, 2023

Last sale price $220,000 $96 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,650/month

24 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • Tankless Water Heater
  • Deck
  • Porch
  • Baseboard Heating

About This Home

As of May 2023

2 unit building with great rental history and income. Consists of a 3-4 bedroom 1 bath on the main floor and a 2-3 bedroom 1 bath upstairs with a closed in porch. Each unit has their own private decks and laundry hook-ups. Recent updates include new roof shingles, new siding, new tankless on demand propane furnace, blown-in insulation in the attic and walls, new decks, new flooring throughout most of both units, fresh paint, some newer windows, new shower/tub in both units, completely new bathroom in upstairs unit. Conveniently located within 10 minutes to UMO and 20 minutes to Bangor.

Last Agent to Sell the Property

Shonne Wright

ERA Dawson-Bradford Co. Listed on: 03/09/2023

Last Buyer's Agent

Robin Riccitelli

Landing Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,478

Year Built

  • Built in 1920

Lot Details

  • 3,049 Sq Ft Lot
  • Level Lot
  • Open Lot

Parking

  • Gravel Driveway

Home Design

  • Colonial Architecture
  • Brick Foundation
  • Concrete Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 2,296 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring
  • Washer and Dryer Hookup

Unfinished Basement

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

Accessible Home Design

  • Doors are 32 inches wide or more

Outdoor Features

  • Deck
  • Porch

Utilities

  • No Cooling
  • Heating System Uses Propane
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Hot Water Heating System
  • Tankless Water Heater
  • Water Heated On Demand
  • Internet Available

Listing and Financial Details

  • Tax Lot 143
  • Assessor Parcel Number OLDN-000031-000000-000143

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Pet Policy

  • Limit on the number of pets

Building Details

  • Operating Expense $17,924
  • Gross Income $27,975

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,478

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.07
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Corner of Front St and Union St Old Town- GPS friendly
  • Above Grade Finished Sq Ft: 2296.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1920
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 93.64
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.07
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2296.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Water Heater:On Demand: Yes
  • Exterior:Vinyl Siding: Yes
  • Amenities:Laundry - Hookup: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Water Heater:Tankless: Yes
  • Floors:Laminate: Yes
  • Basement:Partial: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:BrickMortar2: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 27975.0
  • Income Expenses Operating Expenses: 17924.0
  • Style:Colonial: Yes
  • Roof:Pitched: Yes
  • Property Information:Short Sale Continue to Show: No
  • Basement:BrickMortar: Yes
  • Driveway:Gravel: Yes
  • Equipment:Internet Access Available: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Heat System:Direct Vent Furnace: Yes
  • Building Info:_pound_ Floors3: 2
  • Advertising Remarks:Advertising Remarks: 2 unit building with great rental history and income. Consist of a 4 bedroom 1 bath on the main floor and 2-3 bedroom on the second floor with a closed in porch. Both units offer their own private decks and laundry hook-ups. Recent updates include new roof shingles, new siding, new decks, updated electrical, blown-in insulation in the attic and walls. new tankless on demand propane furnace, new flooring throughout most of both units, fresh paint, some newer windows, new shower/tub in both units, completely new bathroom in upstairs unit. Located within 10 minutes of UMO and 20 minutes to Bangor.
  • Property Information 2 Detached Houses on 1 Lot: No
  • Accessibilitiy Amenities 32 - 36 Inch Doors: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Accessibility Features: 32 - 36 Inch Doors
  • Has Basement: Bulkhead, Brick/Mortar, Full, Partial, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Fireplace: No
  • Flooring: Laminate
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Near Shopping, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter, Brick/Mortar
  • Patio And Porch Features: Deck, Porch
  • Roof: Pitched, Shingle
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Gravel

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Direct Vent Furnace, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: 1 Pet

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3049.2
  • Parcel #: OLDN-000031-000000-000143
  • Zoning: RES

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 27975.0
  • Annual Operating Expense: 17924.0

Tax Info

  • Tax Annual Amount: 2478.0
  • Tax Lot: 143
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2023
Closed on
May 15, 2023
Sold by
Winchester Shannon and Vahidi Nasim
Bought by
Hallowell Graeme
Seller's Agent
Shonne Wright
ERA Dawson-Bradford Co.
Buyer's Agent
Robin Riccitelli
Landing Real Estate
List Price
$215,000
Sold Price
$220,000
Premium/Discount to List
$5,000
2.33%
Current Estimated Value
$268,033

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,033
Avg. Annual Appreciation
7.59%
Original Mortgage
$216,015
Outstanding Balance
$209,931
Interest Rate
6.32%
Mortgage Type
FHA
Estimated Equity
$58,102

Purchase Details

Listed on
Sep 9, 2021
Closed on
Oct 22, 2021
Sold by
E Z Ryder Llc
Bought by
Winchester Shannon and Vahidi Nasim
Seller's Agent
Michael Conners
Realty of Maine
Buyer's Agent
Shonne Wright
ERA Dawson-Bradford Co.
List Price
$120,000
Sold Price
$123,500
Premium/Discount to List
$3,500
2.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
44.79%
Original Mortgage
$92,625
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Hallowell Graeme $220,000 None Available
Winchester Shannon -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hallowell Graeme $216,015
Previous Owner Winchester Shannon $92,625
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/15/2023 05/15/23 Sold $220,000 +2.3% $96 / Sq Ft
04/02/2023 04/02/23 Pending -- -- --
03/09/2023 03/09/23 For Sale $215,000 +74.1% $94 / Sq Ft
10/22/2021 10/22/21 Sold $123,500 +2.9% $54 / Sq Ft View Prior Sale
09/13/2021 09/13/21 Pending -- -- --
08/23/2021 08/23/21 For Sale $120,000 -52.0% $52 / Sq Ft
03/15/2019 03/15/19 Sold $250,000 +233.8% $109 / Sq Ft View Prior Sale
01/26/2019 01/26/19 Pending -- -- --
09/10/2018 09/10/18 For Sale $74,900 -- $33 / Sq Ft
Source: Maine Listings

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 $3,087 $174,400 $16,100 $158,300
2023 $2,878 $162,600 $16,100 $146,500
2022 $2,329 $110,900 $14,000 $96,900
2020 $2,478 $108,400 $13,600 $94,800
2019 $2,478 $108,400 $13,600 $94,800
2018 $2,478 $108,400 $13,600 $94,800
2017 $2,423 $108,400 $13,600 $94,800
2016 $2,286 $108,400 $13,600 $94,800
2015 $2,294 $108,400 $13,600 $94,800
2014 $2,191 $108,400 $13,600 $94,800
2013 $2,026 $108,400 $13,600 $94,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1553587

Maine Listings

APN: OLDN-000031-000000-000143