NOT LISTED FOR SALE

8-14 Old Salt Place Vinalhaven, ME 04863

Vinalhaven Area

Estimated Value: $507,917

Studio
4 Baths
480 Sq Ft
$1,058/Sq Ft Est. Value

Sale Details

Date Sold: October 1, 2021

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

Est. 29% increase in value since last sale

Current estimated payment $3,305 / mo

60 Days on Market

Highlights

  • Additional Residence on Property
  • Scenic Views
  • Deck
  • Nearby Water Access
  • 6.6 Acre Lot
  • Wooded Lot

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

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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

Utilities

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

Additional Features

  • Additional Residence on Property
  • Property is near shops

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

6.6 Acres

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
  • Contract Information:List PriceSqFt: 1036.25
  • Property Information:Seasonal: 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
  • Advertising Remarks:Advertising Remarks: Here is your chance to own a 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 and Main Street.
  • Property Information 2 Detached Houses on 1 Lot: 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 Lot: 019B
  • Tax Year: 2021

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Vinalhaven, ME

  • Nova Tower Real Estate Agent - Waypoint Brokers Collective

    Nova Tower

    Waypoint Brokers Collective

    (646) 971-8783

    80 Total Sales

    1 in Vinalhaven

    $815,000 Price

    Nova Tower
     Section Image
  • Devin Fairfield Real Estate Agent - Keller Williams Realty

    Devin Fairfield

    Keller Williams Realty

    (207) 230-6803

    108 Total Sales

    2 in Vinalhaven

    $45K - $85K Price Range

    Devin Fairfield
     Section Image
  • Joseph Sortwell Real Estate Agent - LandVest, Inc.

    Joseph Sortwell

    Responds Quickly

    LandVest, Inc.

    (207) 466-6254

    89 Total Sales

    6 in Vinalhaven

    $1.4M - $4M Price Range

    Joseph Sortwell
     Section Image
  • Kristin Heal Real Estate Agent - Legacy Properties Sotheby's International Realty

    Kristin Heal

    Responds Quickly

    Legacy Properties Sotheby's International Realty

    (207) 466-6261

    102 Total Sales

    1 in Vinalhaven

    $70,000 Price

    Kristin Heal
     Section Image
  • Kristine Davidson Real Estate Agent - Davidson Realty

    Kristine Davidson

    Davidson Realty

    (888) 857-2945

    75 Total Sales

    60 in Vinalhaven

    $28K - $4M Price Range

    Kristine Davidson
     Section Image
  • Alexandra Young Real Estate Agent - Davidson Realty

    Alexandra Young

    Davidson Realty

    (207) 223-6387

    23 Total Sales

    23 in Vinalhaven

    $72K - $1.5M Price Range

    Alexandra Young
     Section Image
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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

Agents Affiliated with this Home

  • L

    Seller's Agent in 2021

    Lucinda Sargent

    Better Homes & Gardens Real Estate/The Masiello Group

  • C

    Buyer's Agent in 2021

    Claire Jackson

    Rock Coast Realty

    (207) 863-5141

    94 Total Sales

    Claire Jackson
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Map

Source: Maine Listings

MLS Number: 1493283

Maine Listings

APN: VINA-000003-000000-000019B

Maine Knox County Vinalhaven 04863

8-14 Old Salt Place, Vinalhaven, ME

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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