NOT LISTED FOR SALE

8-14 Old Salt Place Vinalhaven, ME 04863

Estimated Value: $408,586 - $707,000

-- Bed
4 Baths
480 Sq Ft
$1,187/Sq Ft Est. Value

Last Sold October 01, 2021

Last sale price $392,980 $819 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $3,544/month

60 Days on Market

Highlights

  • Additional Residence on Property
  • Scenic Views
  • Wooded Lot
  • Nearby Water Access
  • Deck
  • Wood Flooring

About This Home

As of October 2021

Here is your chance to own rental property on a beautiful Maine island. Rent 3 of the cabins and live in the 4th rent free. This property has 4+ years of consistent year round rental history (and a waiting list). Each cabin is winterized, furnished and individually metered. Located minutes from the ferry terminal, Main Street and a public swimming quarry.
The back 5 acres and have a positive perc test for up to 10 bedrooms.

Last Agent to Sell the Property

Lucinda Sargent

Better Homes & Gardens Real Estate/The Masiello Group Listed on: 05/25/2021

Last Buyer's Agent

Claire Jackson

Rock Coast Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,510

Year Built

  • Built in 2000

Lot Details

  • 6.6 Acre Lot
  • Rural Setting
  • Level Lot
  • Open Lot
  • Wooded Lot

Parking

  • Gravel Driveway

Property Views

  • Scenic Vista
  • Woods

Home Design

  • Cottage
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Shingle Siding
  • Log Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 480 Sq Ft Home
  • 1-Story Property
  • Wood Flooring

Bedrooms and Bathrooms

  • 4 Full Bathrooms
  • Bathtub

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Outdoor Features

  • Nearby Water Access
  • Deck
  • Shed
  • Outbuilding

Additional Homes

  • Additional Residence on Property

Utilities

  • No Cooling
  • Heating System Uses Kerosene
  • Private Water Source
  • Well
  • Electric Water Heater
  • Septic System
  • Private Sewer

Listing and Financial Details

  • Tax Lot 019B
  • Assessor Parcel Number 8oldsaltplacevinalhaven04863

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $6,025
  • Gross Income $23,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,510

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 6.6
  • MLS Status: Closed
  • Subdivision Name: no
  • Directions: From the ferry, bear right and drive through Main Street. Turn right onto E. Boston Road. At the fork- take the left onto Roberts Cemetery Road. Property is on the left.
  • Above Grade Finished Sq Ft: 480.0
  • Architectural Style: Cottage
  • Garage Yn: No
  • Year Built: 2000
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 6.6
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 480.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Basement Entry:Walk-Out: Yes
  • Water Heater:Electric2: Yes
  • Amenities:One-Floor Living: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Roof:Composition2: Yes
  • Property Information:Number of Units: 4
  • Income Expenses Gross Income: 23400.0
  • Income Expenses Operating Expenses: 6025.0
  • Amenities:Bathtub: Yes
  • Sewer:Private Sewer: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Heat Fuel:K-1Kerosene: Yes
  • Location:Rural: Yes
  • Style:Cottage: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Site:Wooded: Yes
  • View:TreesWoods: Yes
  • Property Information:Deed Restrictions: Unknown
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Property Information:Bank Owned REO: No
  • View:Scenic: Yes
  • Basement Entry:Exterior Only: Yes
  • Construction:Log: Yes
  • Other Structures:Shed: Yes
  • Other Structures:Out Building: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Walk-Out Access, Exterior Only, Unfinished
  • Full Bathrooms: 4
  • Flooring: Wood
  • Interior Amenities: 1st Floor Bedroom, Bathtub, One-Floor Living
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Wooded, Near Shopping, Rural
  • View: Trees/Woods, Scenic
  • Waterfront: No
  • Construction Type: Shingle Siding, Log, Wood Frame
  • Foundation Details: Gravel/Pad, Concrete Perimeter
  • Other Structures: Outbuilding, Shed(s)
  • Patio And Porch Features: Deck
  • Roof: Composition, Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Other Heat System
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer, Septic Existing on Site
  • Utilities: Utilities On
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: RSU 08/MSAD 08

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 287496.0
  • Parcel #: 8oldsaltplacevinalhaven04863
  • Zoning: RM1

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 23400.0
  • Annual Operating Expense: 6025.0

Tax Info

  • Tax Annual Amount: 4510.17
  • Tax Book Number: 5072/5306
  • Tax Lot: 019B
  • Tax Map Number: 003
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 11, 2016
Sold by
Warren Charles H and Warren Ruth S
Bought by
Sault Holly T and Sault Patrick L
Current Estimated Value
$569,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
2.78%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Sault Holly T -- --
Sault Holly T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Conlan Niall $314,384
Closed Sault Patrick L $70,000
Closed Sault Holly T $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2021 10/01/21 Sold $392,980 -21.0% $819 / Sq Ft
07/25/2021 07/25/21 Pending -- -- --
05/25/2021 05/25/21 For Sale $497,400 -- $1,036 / 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 $4,342 $336,600 $74,500 $262,100
2023 $4,207 $342,000 $79,900 $262,100
2022 $4,449 $379,900 $117,800 $262,100
2021 $4,689 $341,500 $79,400 $262,100
2020 $4,510 $330,900 $71,700 $259,200
2019 $4,259 $330,900 $71,700 $259,200
2018 $3,769 $307,200 $48,000 $259,200
2017 $3,505 $307,200 $48,000 $259,200
2016 $3,478 $307,200 $48,000 $259,200
2015 $3,121 $307,200 $48,000 $259,200
2014 $3,057 $307,200 $48,000 $259,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1493283

Maine Listings

APN: VINA-000003-000000-000019B