NOT LISTED FOR SALE

8 Cherry St Gardiner, ME 04345

-- Bed
6 Baths
3,824 Sq Ft
9,148 Sq Ft Lot

Last Sold December 16, 2020

Last sale price $277,500 $73 Per Sq Ft

34 Days on Market

Highlights

  • Wood Flooring
  • Porch
  • Level Lot
  • No HOA
  • Cooling Available
  • Wood Siding

About This Home

As of December 2020

Gardiner Six Unit - 5-one bedroom units and 1-two bedroom. Parking on site and convenient location to downtown, or I95. New roof in 2015 and heat conversion to Heat Pumps in each unit that the tenant pays for. Electric separate. Some units updated, flooring, paint, appliances. Good numbers. Gain equity with this investment. Formerly the New Mills Intermediate School.

Last Agent to Sell the Property

Ann Castonguay

Sprague & Curtis Real Estate Brokerage Email: ann@spragueandcurtis.com Listed on: 09/23/2020

Last Buyer's Agent

Nicholas Dambrie

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,422

Year Built

  • Built in 1900

Lot Details

  • 9,148 Sq Ft Lot
  • Level Lot
  • Open Lot

Parking

  • Gravel Driveway

Home Design

  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 6 Full Bathrooms
  • 3,824 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Vinyl

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Outdoor Features

  • Porch

Utilities

  • Cooling Available
  • Heating System Uses Oil
  • Heat Pump System
  • Natural Gas Not Available

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number GARR-000028-000000-000015

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • Operating Expense $10,872
  • Gross Income $44,316

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,422

Year Built

Built in 1900

Lot Details

9,148 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.21
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From downtown Gardiner, take Rt. 126 - Water St. toward the interstate; Cherry Street is on the left before the bridge. Property is on left corner.
  • Above Grade Finished Sq Ft: 3824.0
  • Architectural Style: Other Style
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1900
  • Attribution Contact: ann@spragueandcurtis.com
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 81.07
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.21
  • Property Information:Total Baths: 6.0
  • Property Information:SqFt Finished Above Grade: 3824.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Cooling:Heat Pump3: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 6
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 44316.0
  • Income Expenses Operating Expenses: 10872.0
  • Exterior:Wood Siding: Yes
  • Property Information:Short Sale Continue to Show: No
  • Driveway:Gravel: Yes
  • Property Information:Deed Restrictions: Unknown
  • Basement Entry:Exterior Only: Yes
  • Building Info:_pound_ Floors3: 2
  • Advertising Remarks:Advertising Remarks: Gardiner Six Unit - 5-one bedroom units and 1-two bedroom. Parking on site and convenient location to downtown, or I95. New roof in 2015 and heat conversion to Heat Pumps in each unit that the tenant pays for. Electric separate. Some units updated, flooring, paint, appliances. Good numbers. Gain equity with this investment. Formerly the New Mills Intermediate School.
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Full, Exterior Only
  • Full Bathrooms: 6
  • Fireplace: No
  • Flooring: Wood, Vinyl
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood
  • Waterfront: No
  • Construction Type: Wood Siding, Vinyl Siding, Wood Frame
  • Foundation Details: Stone, Brick/Mortar
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

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

Utilities

  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 9147.6
  • Parcel #: GARR-000028-000000-000015
  • Zoning: 12

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 44316.0
  • Annual Operating Expense: 10872.0

Tax Info

  • Tax Annual Amount: 3422.0
  • Tax Lot: 15
  • Tax Year: 20
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/16/2020 12/16/20 Sold $277,500 -10.5% $73 / Sq Ft
10/28/2020 10/28/20 Pending -- -- --
09/23/2020 09/23/20 For Sale $310,000 +203.9% $81 / Sq Ft
04/15/2014 04/15/14 Sold $102,000 -43.3% $27 / Sq Ft View Prior Sale
03/06/2014 03/06/14 Pending -- -- --
04/10/2012 04/10/12 For Sale $180,000 -- $47 / Sq Ft
Source: Maine Listings

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 $4,562 $178,200 $24,700 $153,500
2023 $4,223 $178,200 $24,700 $153,500
2022 $3,956 $178,200 $24,700 $153,500
2021 $3,867 $178,200 $24,700 $153,500
2020 $3,422 $157,700 $24,700 $133,000
2019 $3,422 $157,700 $24,700 $133,000
2018 $3,375 $157,700 $24,700 $133,000
2017 $3,469 $157,700 $24,700 $133,000
2016 $3,391 $157,700 $24,700 $133,000
2015 $3,406 $157,700 $24,700 $133,000
2014 $3,671 $178,200 $24,700 $153,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1470020

Maine Listings
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