NOT LISTED FOR SALE

8 County Rd Milford, ME 04461

Estimated Value: $261,000 - $569,271

7 Beds
4 Baths
3,090 Sq Ft
$118/Sq Ft Est. Value

Last Sold July 26, 2021

Last sale price $185,000 $60 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $2,185/month

11 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Zoned Heating
  • New Englander Architecture
  • 2 Car Detached Garage
  • Baseboard Heating

About This Home

As of July 2021

4 unit apartment building just across the Milford town line. Very close to old town and University. Unit 1 (3BDR) currently unoccupied, perfect for oner occupied if desired but can very easily be rented. Coin operated washer and dryer available to all tenants. Only one unit has a lease currently, all units have been long term renters. Seller feels that current rents are below market value. Plenty of parking with a 2 car garage perfect for storage, current owner has been taking care of plowing himself.

Last Agent to Sell the Property

Emily Ellis

Berkshire Hathaway HomeServices Northeast Real Estate Listed on: 06/03/2021

Berkshire Hathaway HomeServices Northeast Real Estate

Last Buyer's Agent

Augustine Ofili

ERA Dawson-Bradford Co.

ERA Dawson-Bradford Co.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,320

Year Built

  • Built in 1900

Lot Details

  • 8,712 Sq Ft Lot
  • Level Lot
  • Open Lot

Parking

  • 2 Car Detached Garage
  • Common or Shared Parking
  • Gravel Driveway
  • Shared Driveway
  • Off-Street Parking

Home Design

  • 3,090 Sq Ft Home
  • New Englander Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Unfinished Basement

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

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Oil Water Heater

Additional Features

  • 4 Full Bathrooms
  • City Lot

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number MILD-000017-000000-000016

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Coin Laundry
  • Community Storage Space

Building Details

  • Operating Expense $11,278
  • Gross Income $38,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,320

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 3090.0
  • Architectural Style: New Englander
  • Garage Yn: Yes
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.2
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 3090.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: 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
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Amenities:Storage: Yes
  • Property Information:Garage Spaces: 2.0
  • Driveway:Common2: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 4
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 38400.0
  • Income Expenses Operating Expenses: 11278.0
  • Exterior:Wood Siding: Yes
  • Driveway:Gravel: Yes
  • Water Heater:Oil2: Yes
  • Style:New Englander: Yes
  • Amenities:Laundry - Coin: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Bulkhead, Full, Exterior Entry, Unfinished
  • Full Bathrooms: 4
  • Fireplace: No
  • Flooring: Wood, Vinyl, Laminate, Carpet
  • Interior Amenities: Storage
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Intown
  • Waterfront: No
  • Construction Type: Wood Siding, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: 5 - 10 Spaces, Gravel, Common, Detached, Off Street

Utilities

  • Laundry Features: Laundry - Coin
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Baseboard
  • 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: 8712.0
  • Parcel #: MILD-000017-000000-000016
  • Zoning: RES

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 38400.0
  • Annual Operating Expense: 11278.0

Tax Info

  • Tax Annual Amount: 2320.0
  • Tax Book Number: 10973
  • Tax Lot: 6
  • Tax Map Number: 17
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2021
Closed on
Jul 26, 2021
Sold by
Farrar Lance A and Farrar Mary Louise
Bought by
Ofili Re Llc
Seller's Agent
Emily Ellis
Berkshire Hathaway HomeServices Northeast Real Estate
Buyer's Agent
Augustine Ofili
ERA Dawson-Bradford Co.
List Price
$195,000
Sold Price
$185,000
Premium/Discount to List
-$10,000
-5.13%
Current Estimated Value
$363,818

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$178,818
Avg. Annual Appreciation
14.98%
Original Mortgage
$148,000
Interest Rate
2.93%
Mortgage Type
Purchase Money Mortgage
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
Ofili Re Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ofili Real Estate Llc $550,000
Closed Ofili Real Estate Llc $300,000
Closed Ofili Real Estate Llc $150,000
Closed Ofili Re Llc $148,000
Previous Owner Farrar Lance A $126,929
Previous Owner Olsen Dianne S $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2021 07/26/21 Sold $185,000 -5.1% $60 / Sq Ft
06/07/2021 06/07/21 Pending -- -- --
05/26/2021 05/26/21 For Sale $195,000 -- $63 / 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 $2,618 $119,000 $19,100 $99,900
2023 $2,499 $119,000 $19,100 $99,900
2022 $2,142 $119,000 $19,100 $99,900
2021 $2,142 $119,000 $19,100 $99,900
2020 $2,321 $119,000 $19,100 $99,900
2019 $2,499 $119,000 $19,100 $99,900
2018 $2,499 $119,000 $19,100 $99,900
2017 $2,416 $119,000 $19,100 $99,900
2016 $2,291 $119,000 $19,100 $99,900
2015 $2,184 $119,000 $19,100 $99,900
2014 $1,975 $119,000 $19,100 $99,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1493482

Maine Listings

APN: MILD-000017-000000-000016