NOT LISTED FOR SALE

74 Fernald Rd Freeport, ME 04032

Freeport Neighborhood

Estimated Value: $586,000

4 Beds
2 Baths
1,536 Sq Ft
$382/Sq Ft Est. Value

Last Sold January 14, 2021

Last sale price $355,000 $231 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $3,696/month

44 Days on Market

Highlights

  • 3.46 Acre Lot
  • Ranch Style House
  • Level Lot
  • Mast Landing School Rated A
  • No HOA
  • Carpet

About This Home

As of January 2021

Great two unit just north of Freeport village! Both units offer living/dinning/kitchen place with two bedrooms and one bath in each. Below markets rents and very low maintenance make for great cash flow right away! Both units have a storage area on the backside of the property.

Last Agent to Sell the Property

Rick Dow

Keller Williams Realty Listed on: 09/24/2020

Keller Williams Realty

Last Buyer's Agent

Joshua Blakely

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,911

Year Built

  • Built in 2007

Lot Details

  • 3.46 Acre Lot
  • Level Lot
  • Open Lot

Parking

  • Gravel Driveway

Home Design

  • 1,536 Sq Ft Home
  • Ranch Style House
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Full Bathrooms

Utilities

  • No Cooling
  • Heating System Uses Propane
  • Radiant Heating System
  • Private Water Source
  • Private Sewer

Listing and Financial Details

  • Tax Lot 55
  • Assessor Parcel Number FPRT-000018-000055-I000000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $7,774
  • Gross Income $28,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,911

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 3.46
  • MLS Status: Closed
  • Directions: Route 1 north of Freeport, right onto Prout rd then right onto Fernald.
  • Above Grade Finished Sq Ft: 1536.0
  • Architectural Style: Ranch
  • Garage Yn: No
  • Year Built: 2007
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 3.46
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1536.0
  • 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 Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Electric:Circuit Breakers: Yes
  • Exterior:Vinyl Siding: Yes
  • Floors:Laminate: Yes
  • Style:Ranch: Yes
  • Property Information:Number of Units: 2
  • Heat System:Radiant: Yes
  • Income Expenses Gross Income: 28800.0
  • Income Expenses Operating Expenses: 7774.0
  • Sewer:Private Sewer: Yes
  • Basement:Slab2: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Not Applicable
  • Full Bathrooms: 2
  • Flooring: Laminate, Carpet

Exterior Features

  • Lot Features: Level, Open Lot, Near Shopping, Near Town
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Slab
  • Roof: Shingle

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiant
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer
  • Utilities: Utilities On, Pole
  • Water Source: Private

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 150717.6
  • Parcel #: FPRT-000018-000055-I000000
  • Zoning: RR

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 28800.0
  • Annual Operating Expense: 7774.0

Tax Info

  • Tax Annual Amount: 3911.0
  • Tax Book Number: 34173
  • Tax Lot: 55
  • Tax Map Number: 18
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2017
Closed on
Jul 20, 2017
Sold by
Fitzpatrick Gregory J
Bought by
74 Fernald Llc
Seller's Agent
Kelly Fitzpatrick
Realty of Maine
Buyer's Agent
Rick Dow
Keller Williams Realty
List Price
$259,000
Sold Price
$268,700
Premium/Discount to List
$9,700
3.75%
Total Days on Market
44
Current Estimated Value
$586,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$317,300

Purchase Details

Closed on
Mar 10, 2006
Sold by
Toothaker 3Rd Robert V
Bought by
Fitzpatrick Gregory J
Source: Public Records

Range of Values:

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Average Value
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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
74 Fernald Llc -- --
Fitzpatrick Gregory J -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/14/2021 01/14/21 Sold $355,000 -11.3% $231 / Sq Ft
11/08/2020 11/08/20 Pending -- -- --
09/24/2020 09/24/20 For Sale $400,000 +48.9% $260 / Sq Ft
07/18/2017 07/18/17 Sold $268,700 +3.7% $175 / Sq Ft
06/17/2017 06/17/17 Pending -- -- --
06/15/2017 06/15/17 For Sale $259,000 -- $169 / 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 $4,175 $312,700 $113,700 $199,000
Source: Public Records

Agents Affiliated with this Home

  • Rick Dow

    Seller's Agent in 2021

    Rick Dow

    Keller Williams Realty

    (207) 332-3741

    3 in this area

    152 Total Sales

    Rick Dow
    Section Image

  • J

    Buyer's Agent in 2021

    Joshua Blakely

    Keller Williams Realty

  • K

    Seller's Agent in 2017

    Kelly Fitzpatrick

    Realty of Maine

    (207) 667-2300

    Section Image
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Map

Source: Maine Listings

MLS Number: 1470129

Maine Listings

APN: FPRT-000018-000055-I000000

Maine Cumberland County Freeport 04032 Freeport

74 Fernald Rd, Freeport, ME

This home is located at 74 Fernald Rd, Freeport, ME 04032 since 24 September 2020 and is currently priced at $586,000, approximately $381 per square foot. This property was built in 2007. 74 Fernald Rd is a home located in Cumberland County with nearby schools including Morse Street School, Mast Landing School, and Freeport Middle School.

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