NOT LISTED FOR SALE

705 Roosevelt Trail Naples, ME 04055

Estimated Value: $505,032 - $594,000

4 Beds
2 Baths
1,754 Sq Ft
$313/Sq Ft Est. Value

Last Sold March 24, 2021

Last sale price $329,900 $188 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $3,185/month

10 Days on Market

Highlights

  • Lake Front
  • Wood Flooring
  • No HOA
  • Public Beach
  • New Englander Architecture
  • Cooling Available

About This Home

As of March 2021

Two income properties in Naples on one lot-with second floor water views. Second property address is 703 Roosevelt Trail. MLS # 1480322

A multi-unit with two large one bedroom apartments & a 32'x40' free standing building with office, two full baths and a new heating system with AC - current use is child care.
Both buildings have been updated and are in excellent condition with ample parking. The apartments are both leased at $1,000 per month and the commercial rent is $1,200 per month. Total gross - $38,4000

Last Agent to Sell the Property

Richie Garrett

RE/MAX Shoreline Listed on: 01/21/2021

RE/MAX Shoreline

Last Buyer's Agent

Richie Garrett

RE/MAX Shoreline Listed on: 01/21/2021

RE/MAX Shoreline

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,462

Year Built

  • Built in 1900

Lot Details

  • 0.37 Acre Lot
  • Lake Front
  • Public Beach
  • Level Lot
  • Open Lot

Home Design

  • New Englander Architecture
  • Brick Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • 1,754 Sq Ft Home
  • Water Views

Flooring

  • Wood
  • Carpet
  • Laminate

Unfinished Basement

  • Interior Basement Entry
  • Sump Pump

Parking

  • Driveway
  • Paved Parking

Location

  • City Lot

Utilities

  • Cooling Available
  • Forced Air Zoned Heating System
  • Heating System Uses Kerosene
  • Heating System Uses Oil
  • Heating System Mounted To A Wall or Window
  • Hot Water Heating System
  • Natural Gas Not Available
  • Private Water Source
  • Well
  • Electric Water Heater
  • Septic System
  • Septic Design Available
  • Private Sewer

Listing and Financial Details

  • Tax Lot 008

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $12,422
  • Gross Income $38,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,462

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.37
  • Water Body Name: Long Lake
  • MLS Status: Closed
  • Directions: Route 302 (Roosevelt Trail) to Naples - just south of Naples Bridge
  • Above Grade Finished Sq Ft: 1754.0
  • Architectural Style: New Englander
  • Garage Yn: No
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 188.08
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.37
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1754.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Foundation Materials:Slab: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Roof:Metal: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:BrickMortar2: Yes
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 38400.0
  • Income Expenses Operating Expenses: 12422.0
  • Location:Near Public Beach: Yes
  • Sewer:Private Sewer: Yes
  • Heat Fuel:K-1Kerosene: Yes
  • Water:Private2: Yes
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Sewer:Septic Design Available: Yes
  • Heat System:Direct Vent Heater: Yes
  • Basement:Sump Pump: Yes
  • Style:New Englander: Yes
  • Advertising Remarks:Advertising Remarks: Two income properties in Naples on one lot, Second property address is 703 Roosevelt Trail. with second floor water views. A multi-unit with two large one bedroom apartments & a 32'x40' free standing building with office, two full baths and a new heating system with AC - current use is child care. Both buildings have been updated and are in excellent condition with ample parking. The apartments are both leased at $1,000 per month and the commercial rent is $1,200 per month. Total gross - $38,4000
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Sump Pump, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Flooring: Wood, Laminate, Carpet

Exterior Features

  • Lot Features: Level, Open Lot, Intown, Near Public Beach, Near Shopping, Near Town
  • Waterfront Features: Lake
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Slab, Brick/Mortar
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved

Utilities

  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Multi-Zones, Hot Water, Forced Air, Direct Vent Heater
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer, Septic Design Available, 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: 16117.2
  • Parcel #: 999999
  • Zoning: Commercial & Res

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 38400.0
  • Annual Operating Expense: 12422.0

Tax Info

  • Tax Annual Amount: 3462.0
  • Tax Lot: 008
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2018
Closed on
Sep 20, 2018
Sold by
Knight Generations 6 Llc
Bought by
Ta Enterprise Llc
Seller's Agent
Nancy Hanson
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Jennifer Dorsey
ERA Today Realty
List Price
$329,000
Sold Price
$300,000
Premium/Discount to List
-$29,000
-8.81%
Current Estimated Value
$549,516

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$249,516
Avg. Annual Appreciation
8.72%
Original Mortgage
$225,000
Interest Rate
4.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Ta Enterprise Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Ta Enterprise Llc $225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/24/2021 03/24/21 Sold $329,900 0.0% $188 / Sq Ft
02/01/2021 02/01/21 Pending -- -- --
01/21/2021 01/21/21 For Sale $329,900 +10.0% $188 / Sq Ft
09/11/2018 09/11/18 Sold $300,000 -8.8% $171 / Sq Ft View Prior Sale
07/01/2018 07/01/18 Pending -- -- --
04/05/2018 04/05/18 For Sale $329,000 -- $188 / 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
2025 $3,541 $372,715 $119,948 $252,767
2024 $3,466 $372,715 $119,948 $252,767
2023 $3,410 $372,715 $119,948 $252,767
2022 $3,075 $372,715 $119,948 $252,767
2021 $3,462 $259,346 $84,404 $174,942
2020 $3,462 $259,346 $84,404 $174,942
2019 $3,462 $259,346 $84,404 $174,942
2018 $3,462 $259,346 $84,404 $174,942
2017 $3,462 $259,346 $84,404 $174,942
2016 $3,423 $259,346 $84,404 $174,942
2015 $3,514 $259,346 $84,404 $174,942
2014 $3,514 $259,346 $84,404 $174,942
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2021

    Richie Garrett

    RE/MAX

    (207) 781-4264

    3 in this area

    26 Total Sales

    Richie Garrett
    Section Image

  • N

    Seller's Agent in 2018

    Nancy Hanson

    Better Homes & Gardens Real Estate/The Masiello Group

  • J

    Buyer's Agent in 2018

    Jennifer Dorsey

    ERA Today Realty

See All Agents

Map

Source: Maine Listings

MLS Number: 1480325

Maine Listings

APN: NAPL-000002U-000000-000008

Maine Cumberland County Naples 04055

705 Roosevelt Trail, Naples, ME

Not Listed for Sale

MultiFamily

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