NOT LISTED FOR SALE

77 Main St Madison, ME 04950

Estimated Value: $98,831

-- Bed
3 Baths
1,834 Sq Ft
$54/Sq Ft Est. Value

Last Sold July 30, 2021

Last sale price $74,000 $40 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $593/month

13 Days on Market

Highlights

  • No HOA
  • Lot Has A Rolling Slope
  • Carpet
  • Forced Air Heating System

About This Home

As of July 2021

3-unit rental property with good rental history. Many updates have been done since 2009. New wiring, plumbing, sheetrock and metal roof. All units are currently rented. Very close to shopping and in town amenities.

Last Agent to Sell the Property

Cynthia Berry

Allied Realty Listed on: 04/28/2021

Last Buyer's Agent

Joanna Hollingsworth

County Seat Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $820

Year Built

  • Built in 1929

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Has A Rolling Slope

Parking

  • Gravel Driveway

Home Design

  • Brick Foundation
  • Block Foundation
  • Pitched Roof
  • Metal Roof
  • Block Exterior
  • Masonry

Interior Spaces

  • 3 Full Bathrooms
  • 1,834 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Vinyl

Basement

  • Partial Basement
  • Interior Basement Entry
  • Crawl Space

Location

  • City Lot

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Natural Gas Not Available
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 73
  • Assessor Parcel Number MADN-000019-000000-000073

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $6,656
  • Gross Income $23,280

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$820

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Right on Main Street almost across from Madison Avenue.
  • Above Grade Finished Sq Ft: 1834.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1929
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.11
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 1834.0
  • Property Information:Garage: No
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Heat System:Forced Air: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Water Heater:Electric2: Yes
  • Roof:Metal: Yes
  • Gas:No Gas: Yes
  • Basement:Partial: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:BrickMortar2: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 23280.0
  • Income Expenses Operating Expenses: 6656.0
  • Style:Multi-Level: Yes
  • Foundation Materials:Block3: Yes
  • Basement:Crawl Space: Yes
  • Roof:Pitched: Yes
  • Property Information:Short Sale Continue to Show: No
  • Driveway:Gravel: Yes
  • Site:RollingSloping: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Building Info:_pound_ Floors3: 2
  • Construction:Masonry: Yes
  • Exterior:Block2: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Crawl Space, Partial, Interior Entry
  • Full Bathrooms: 3
  • Fireplace: No
  • Flooring: Vinyl, Other, Carpet
  • Stories: 2

Exterior Features

  • Lot Features: Rolling Slope, Intown, Near Shopping
  • Waterfront: No
  • Construction Type: Block, Masonry
  • Foundation Details: Block, Brick/Mortar
  • Roof: Metal, Pitched

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Hot Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: RSU 59/MSAD 59

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4791.6
  • Parcel #: MADN-000019-000000-000073
  • Zoning: Commercial

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 23280.0
  • Annual Operating Expense: 6656.0

Tax Info

  • Tax Annual Amount: 820.0
  • Tax Book Number: 4123
  • Tax Lot: 73
  • Tax Map Number: 19
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2021
Closed on
Jul 30, 2021
Sold by
Plourde Christopher and Merry Jodi
Bought by
Rootbound Rlty Llc
Seller's Agent
Cynthia Berry
Allied Realty
Buyer's Agent
Joanna Hollingsworth
County Seat Realty
List Price
$89,900
Sold Price
$74,000
Premium/Discount to List
-$15,900
-17.69%
Current Estimated Value
$98,831

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,831
Avg. Annual Appreciation
7.15%
Original Mortgage
$59,200
Outstanding Balance
$53,715
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$45,116

Purchase Details

Closed on
Apr 25, 2016
Sold by
Madison Town Of
Bought by
Merry Jody and Plourde Christopher

Purchase Details

Closed on
Apr 22, 2009
Sold by
Currier Ronald
Bought by
Plourde Christopher and Merry Jodi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,000
Interest Rate
4.93%
Mortgage Type
Purchase Money Mortgage
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
Rootbound Rlty Llc -- None Available
Rootbound Rlty Llc -- None Available
Merry Jody -- --
Plourde Christopher -- --
Plourde Christopher -- --
Plourde Christopher -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rootbound Rlty Llc $59,200
Closed Rootbound Rlty Llc $59,200
Previous Owner Plourde Christopher $42,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/30/2021 07/30/21 Sold $74,000 -17.7% $40 / Sq Ft
05/12/2021 05/12/21 Pending -- -- --
04/28/2021 04/28/21 For Sale $89,900 -- $49 / 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 $829 $51,500 $25,900 $25,600
2023 $738 $44,200 $21,900 $22,300
2022 $773 $41,600 $17,100 $24,500
2021 $771 $39,700 $16,300 $23,400
2020 $820 $38,600 $16,300 $22,300
2019 $820 $38,600 $16,300 $22,300
2018 $830 $38,600 $16,300 $22,300
2017 $830 $38,600 $16,300 $22,300
2016 $811 $38,600 $16,300 $22,300
2015 $753 $38,600 $16,300 $22,300
2014 $753 $38,600 $16,300 $22,300
2013 -- $38,600 $16,300 $22,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1489439

Maine Listings

APN: MADN-000019-000000-000073