$265,000
SOLD DEC 17, 2021

8 & 12 Epworth St Presque Isle, ME 04769

-- Bed
8.5 Baths
4,417 Sq Ft
0.34 Acres

Recently Sold

$60 Per Sq Ft

7% Below List Price

72 Days on Market

Highlights

  • Nearby Water Access
  • Wood Flooring
  • Main Floor Bedroom
  • Property is near public transit
  • New Englander Architecture
  • No HOA

About This Home

As of December 2021

INCREDIBLE OPPORTUNITY! Own a well maintained multi unit building in downtown Presque Isle - walking distance to schools, university, banks, grocery, restaurants etc.
This is a two building multifamily unit comprising of 7 total units. First building (blue) has 4 one bedroom units , and a 5th 2 bedroom unit. All the wiring has been done to set each unit up on their own electric meters - just need meter boxes installed. Newer roof, updated painting and just overall well maintained. The red building is a two unit duplex - both are two bedrooms on their own electric meters. Efficient and well designed heating system that can use oil or pellets depending on the choice of the new owner. Start your journey to financial freedom today!

Last Agent to Sell the Property

Leigh Smith

RE/MAX County Listed on: 09/03/2021

Last Buyer's Agent

Leigh Smith

RE/MAX County Listed on: 09/03/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,500

Year Built

  • Built in 1910

Lot Details

  • 0.34 Acre Lot
  • Level Lot

Home Design

  • New Englander Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 4,417 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Exterior Basement Entry

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • Main Floor Bedroom

Parking

  • Common or Shared Parking
  • Gravel Driveway
  • Shared Driveway
  • On-Site Parking
  • Off-Street Parking

Outdoor Features

  • Nearby Water Access

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Pellet Stove burns compressed wood to generate heat
  • Baseboard Heating
  • Natural Gas Not Available
  • Electric Water Heater
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 8 & 12 / 081
  • Assessor Parcel Number 8/12eporthStPresqueIsle04769

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Building Details

  • Operating Expense $21,665
  • Gross Income $52,920

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,500

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.34
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 4417.0
  • Architectural Style: New Englander
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1910
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.34
  • Property Information:Total Baths: 9.0
  • Property Information:SqFt Finished Above Grade: 4417.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 7
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 52920.0
  • Income Expenses Operating Expenses: 21665.0
  • Parking:On Site2: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Driveway:Gravel: Yes
  • Equipment:Internet Access Available: Yes
  • Property Information:Deed Restrictions: Unknown
  • Equipment:Cable: Yes
  • Heat Fuel:Pellets: Yes
  • Style:New Englander: Yes
  • Transportation:Public Transport Access: Yes
  • Building Info:_pound_ Floors3: 2
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Exterior Entry, Bulkhead, Unfinished
  • Full Bathrooms: 8
  • Half Bathrooms: 1
  • Fireplace: No
  • Flooring: Wood, Carpet
  • Interior Amenities: 1st Floor Bedroom
  • Stories: 2

Exterior Features

  • Lot Features: Level, Intown, Neighborhood, Near Public Transit
  • Waterfront: No
  • Construction Type: Vinyl Siding, Composition, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Gravel, Common, On Site, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: RSU 79/MSAD 01

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 14810.4
  • Parcel #: 8/12eporthStPresqueIsle04769
  • Zoning: Residential

Multi Family

  • Number Of Units Total: 7
  • Annual Gross Income: 52920.0
  • Annual Operating Expense: 21665.0

Tax Info

  • Tax Annual Amount: 4500.0
  • Tax Block: 081
  • Tax Book Number: 5670
  • Tax Lot: 8 & 12
  • Tax Map Number: 31
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 30, 2005
Sold by
Soucy Michael K
Bought by
Soucy Roger and Soucy Norma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $500,000 Unknown
Closed $9,200 Unknown
Closed $184,000 Unknown
Closed $290,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2025 03/21/25 For Sale $325,000 +22.6% $74 / Sq Ft
12/17/2021 12/17/21 Sold $265,000 -7.0% $60 / Sq Ft
11/15/2021 11/15/21 Pending -- -- --
09/03/2021 09/03/21 For Sale $285,000 +16.3% $65 / Sq Ft
06/23/2017 06/23/17 Sold $245,000 -2.0% $55 / Sq Ft
05/18/2017 05/18/17 Pending -- -- --
04/15/2015 04/15/15 For Sale $250,000 -- $57 / 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 $2,168 $101,800 $18,200 $83,600
2023 $1,776 $78,600 $16,200 $62,400
2022 $1,867 $78,600 $16,200 $62,400
2021 $1,869 $75,200 $16,200 $59,000
2020 $1,851 $74,200 $15,700 $58,500
2019 $1,854 $74,200 $15,700 $58,500
2018 $1,916 $74,200 $15,700 $58,500
2017 $1,900 $74,200 $15,700 $58,500
2016 $1,800 $70,100 $15,700 $54,400
2015 $1,607 $63,100 $8,700 $54,400
2014 $1,375 $54,100 $8,700 $45,400
2013 $1,336 $54,100 $8,700 $45,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1507683

Maine Listings

APN: PREE-000031-000081-000012