D
Seller's Agent in 2023
Deb Morin
Maine Source Realty
(207) 576-8710
2 in this area
55 Total Sales
78 Elm St Mechanic Falls, ME 04256
Estimated Value: $262,000 - $312,449
--
Bed
2
Baths
2,110
Sq Ft
$134/Sq Ft
Est. Value
Highlights
- Barn
- Deck
- New Englander Architecture
- View of Trees or Woods
- Wood Flooring
- Main Floor Bedroom
About This Home
As of June 2023Move right into this 2 unit quintessential New England Farmhouse. Great affordable way to live. Have tenant pay part of your mortgage plus a great tax deduction at the end of the year. Come take a look at this well built, updated 2 unit in a great area of Mechanic Falls. Each unit has 2 B/R, 1 full bath & washer dryer hook-ups. Keep warm in the winter with your heat efficient pellet stoves. Newer roof, windows and heating system in 2016. Nicely landscaped lot, paved driveway that leads to your two-story barn with storage and fenced in back yard. This well-maintained property is ready and waiting for you. Showings to be scheduled with a 24 hr notice. Any and all offer's to be rec'd by 12 noon Saturday with response by Saturday 6pm. Seller retains the right to accept offer at any time.
Last Buyer's Agent
Shannon White
Keller Williams Realty
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,516
Year Built
- Built in 1900
Lot Details
- 0.25 Acre Lot
- Rural Setting
- Fenced
- Landscaped
- Level Lot
Home Design
- New Englander Architecture
- Farmhouse Style Home
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Views of Woods
- Stove
- Laundry on main level
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- Main Floor Bedroom
- 2 Full Bathrooms
- Bathtub
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Dirt Floor
Parking
- Detached Garage
- Parking Storage or Cabinetry
- Driveway
Outdoor Features
- Deck
- Porch
Farming
- Barn
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Oil
- Pellet Stove burns compressed wood to generate heat
- Natural Gas Not Available
- Electric Water Heater
Listing and Financial Details
- Tax Lot 068
- Assessor Parcel Number MECH-000021-000000-000068
Community Details
Overview
- No Home Owners Association
- 2 Units
Amenities
- Community Storage Space
Building Details
- Operating Expense $11,164
- Gross Income $30,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 16, 2023
Closed on
Jun 29, 2023
Sold by
Lutick Zachary A
Bought by
White Shannon M
Seller's Agent
Deb Morin
Maine Source Realty
Buyer's Agent
Shannon White
Keller Williams Realty
List Price
$289,900
Sold Price
$270,000
Premium/Discount to List
-$19,900
-6.86%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,862
Avg. Annual Appreciation
0.80%
Original Mortgage
$265,109
Outstanding Balance
$259,684
Interest Rate
6.39%
Mortgage Type
FHA
Estimated Equity
$14,871
Purchase Details
Listed on
May 8, 2017
Closed on
Sep 28, 2017
Sold by
Paladino Adam M and Paladino Laurel J
Bought by
Lutick Zachary A
Seller's Agent
Cathy Fifield
Keller Williams Realty
Buyer's Agent
Jon Mercier
Maine Source Realty
List Price
$134,900
Sold Price
$130,000
Premium/Discount to List
-$4,900
-3.63%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.45%
Original Mortgage
$127,645
Interest Rate
3.89%
Mortgage Type
FHA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| White Shannon M | $270,000 | None Available | |
| Lutick Zachary A | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | White Shannon M | $11,443 | |
| Open | White Shannon M | $265,109 | |
| Previous Owner | Lutick Zachary A | $127,645 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/29/2023 06/29/23 | Sold | $270,000 | -6.9% | $128 / Sq Ft |
| 05/20/2023 05/20/23 | Pending | -- | -- | -- |
| 05/16/2023 05/16/23 | For Sale | $289,900 | +123.0% | $137 / Sq Ft |
| 09/15/2017 09/15/17 | Sold | $130,000 | -3.6% | -- |
| 08/05/2017 08/05/17 | Pending | -- | -- | -- |
| 05/08/2017 05/08/17 | For Sale | $134,900 | -- | -- |
Source: Maine Listings
Tax History Compared to Growth
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 | $2,871 | $186,428 | $40,000 | $146,428 |
| 2023 | $2,610 | $186,428 | $40,000 | $146,428 |
| 2022 | $2,516 | $113,101 | $17,952 | $95,149 |
| 2021 | $2,443 | $113,101 | $17,952 | $95,149 |
| 2020 | $2,426 | $113,101 | $17,952 | $95,149 |
| 2019 | $2,369 | $113,101 | $17,952 | $95,149 |
| 2018 | $2,466 | $113,101 | $17,952 | $95,149 |
| 2017 | $2,488 | $113,101 | $17,952 | $95,149 |
| 2016 | $2,411 | $113,101 | $17,952 | $95,149 |
| 2015 | $2,420 | $113,101 | $17,952 | $95,149 |
| 2014 | $2,398 | $113,101 | $17,952 | $95,149 |
Source: Public Records
Agents Affiliated with this Home
-
-
S
Buyer's Agent in 2023
Shannon White
Keller Williams Realty
-
Seller's Agent in 2017
Cathy Fifield
Keller Williams Realty
(207) 879-9800
16 in this area
144 Total Sales
-
Buyer's Agent in 2017
Jon Mercier
Maine Source Realty
(207) 577-2365
149 Total Sales
Map
Source: Maine Listings
MLS Number: 1558998
APN: MECH-000021-000000-000068
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Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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