NOT LISTED FOR SALE

8 Cobb Rd Belfast, ME 04915

Estimated Value: $350,000 - $510,000

3 Beds
3 Baths
2,382 Sq Ft
$181/Sq Ft Est. Value

Last Sold June 03, 2019

Last sale price $170,000 $71 Per Sq Ft

Est. 154% increase in value since last sale

Current estimated payment $2,662/month

136 Days on Market

Highlights

  • 2.7 Acre Lot
  • No HOA
  • Pasture
  • Cape Cod Architecture
  • Views
  • Zoned Heating

About This Home

As of June 2019

3 unit building close to downtown Belfast in a great setting. (2) one bedroom units and (1) 2 bedroom unit. All units are rented so great for investors with the shortage of rentals in the area.

Last Agent to Sell the Property

Charles Hunter

Belfast Maine Real Estate Listed on: 12/04/2018

Last Buyer's Agent

Marianne Williams

Better Homes & Gardens Real Estate/The Masiello Group

Better Homes & Gardens Real Estate/The Masiello Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,099

Year Built

  • Built in 1975

Lot Details

  • 2.7 Acre Lot
  • Rural Setting
  • Level Lot

Parking

  • Gravel Driveway

Home Design

  • Cape Cod Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3 Full Bathrooms
  • 2,382 Sq Ft Home
  • 2-Story Property
  • Property Views

Flooring

  • Carpet
  • Vinyl

Unfinished Basement

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

Farming

  • Pasture

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Private Water Source
  • Well
  • Septic System
  • Private Sewer

Listing and Financial Details

  • Tax Lot 35A
  • Assessor Parcel Number BELF-000004-000000-000035-A000000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $13,359
  • Gross Income $26,220

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,099

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 2.7
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Rte 52 right on Woods Rd, Right on Cobb Rd. 3rd property on right, see sign.
  • Above Grade Finished Sq Ft: 2382.0
  • Architectural Style: Cape
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1975
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 2.7
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2382.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Style:Cape: Yes
  • Electric:Circuit Breakers: Yes
  • Exterior:Vinyl Siding: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 3
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 26220.0
  • Income Expenses Operating Expenses: 13359.0
  • Sewer:Private Sewer: Yes
  • Property Information:Short Sale Continue to Show: No
  • Location:Rural: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Property Information:Deed Restrictions: Unknown
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • View:Fields: Yes
  • Site:PastureField: Yes
  • Basement Entry:Exterior Only: Yes
  • Building Info:_pound_ Floors3: 2
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Walk-Out Access, Full, Exterior Only, Unfinished
  • Full Bathrooms: 3
  • Flooring: Vinyl, Carpet
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Pasture, Near Shopping, Near Town, Rural
  • View: Fields
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Shingle

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Baseboard
  • 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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 117612.0
  • Parcel #: BELF-000004-000000-000035-A000000
  • Zoning: PR1

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 26220.0
  • Annual Operating Expense: 13359.0

Tax Info

  • Tax Annual Amount: 3099.0
  • Tax Book Number: 1672
  • Tax Lot: 35A
  • Tax Map Number: 4
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2018
Closed on
May 22, 2019
Sold by
Ouellette Roger D and Martell Suzanne P
Bought by
Fry Georgina B
Seller's Agent
Charles Hunter
Belfast Maine Real Estate
Buyer's Agent
Marianne Williams
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$179,000
Sold Price
$170,000
Premium/Discount to List
-$9,000
-5.03%
Current Estimated Value
$431,628

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$261,628
Avg. Annual Appreciation
15.65%
Original Mortgage
$127,500
Outstanding Balance
$111,871
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$319,757
Source: Public Records

Range of Values:

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Average Value
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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
Fry Georgina B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fry Georgina B $127,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/03/2019 06/03/19 Sold $170,000 -5.0% $71 / Sq Ft
04/20/2019 04/20/19 Pending -- -- --
12/04/2018 12/04/18 For Sale $179,000 -- $75 / 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 $4,771 $309,800 $65,100 $244,700
2023 $4,217 $209,800 $42,400 $167,400
2022 $4,327 $202,200 $42,400 $159,800
2021 $4,448 $202,200 $42,400 $159,800
2020 $4,091 $175,600 $42,400 $133,200
2019 $3,240 $141,500 $32,400 $109,100
2018 $3,212 $141,500 $32,400 $109,100
2017 $3,099 $141,500 $32,400 $109,100
2016 $3,231 $141,100 $32,000 $109,100
2015 $3,161 $141,100 $32,000 $109,100
2014 $3,055 $141,100 $32,000 $109,100
2013 $2,935 $141,100 $32,000 $109,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1400130

Maine Listings

APN: BELF-000004-000000-000035-A000000