NOT LISTED FOR SALE

8 Grove St Caribou, ME 04736

Estimated Value: $50,283 - $222,000

-- Bed
4 Baths
1,968 Sq Ft
$68/Sq Ft Est. Value

Last Sold August 18, 2021

Last sale price $21,000 $11 Per Sq Ft

Est. 541% increase in value since last sale

Current estimated payment $839/month

147 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Forced Air Heating System
  • Farmhouse Style Home
  • Double Pane Windows
  • 2-minute walk to Dragon Park

About This Home

As of August 2021

Handyman special. Partially renovated 4 unit apt building in need of additional work for occupancy. 1 unit has had significant renovations, 2 units have had moderate renovations and 1 unit is untouched. Great potential for the right buyer or investor willing to do the work required to complete the project. Located within walking distance of downtown shopping and a park. A good project for contractors.

Last Agent to Sell the Property

Tim Adler

RE/MAX County Listed on: 08/12/2021

RE/MAX County

Last Buyer's Agent

Becky Day

First Choice Real Estate

First Choice Real Estate

Property Details

Home Type

  • Multi-Family

Lot Details

  • 7,405 Sq Ft Lot
  • Level Lot

Parking

  • Gravel Driveway

Home Design

  • Farmhouse Style Home
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Clap Board Siding
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 4 Full Bathrooms
  • 1,968 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows

Flooring

  • Wood
  • Vinyl

Basement

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

Location

  • City Lot

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Natural Gas Not Available
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Tax Lot 257A
  • Assessor Parcel Number 8grovestreetcaribou04736

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.17
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From Main St near the Nylander Museum turn onto Grove St. Property is on the left.
  • Above Grade Finished Sq Ft: 1968.0
  • Architectural Style: Farmhouse
  • Garage Yn: No
  • Efficiency: Double Pane Windows
  • Building Stories: 2
  • Year Built: 9999
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.17
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 1968.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Water Heater:Electric2: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 4
  • Exterior:Clapboard: Yes
  • Building Info:_pound_ Stories2: 2
  • Property Information:Short Sale Continue to Show: No
  • Driveway:Gravel: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Energy Efficiency:Double Pane Windows: Yes
  • Basement Entry:Exterior Only: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Walk-Out Access, Full, Exterior Only
  • Full Bathrooms: 4
  • Fireplace: No
  • Flooring: Wood, Vinyl
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Intown
  • Waterfront: No
  • Construction Type: Clapboard, 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: Forced Air, Hot Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7405.2
  • Parcel #: 8grovestreetcaribou04736
  • Zoning: Res 11

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 1086.0
  • Tax Book Number: 5507
  • Tax Lot: 257A
  • Tax Map Number: 31
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 12, 2024
Sold by
Wlr Res Properties Inc
Bought by
Labelle Lucien F
Current Estimated Value
$134,571

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,000
Outstanding Balance
$42,704
Interest Rate
6.86%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$85,754

Purchase Details

Listed on
Nov 25, 2015
Closed on
Jan 14, 2016
Sold by
Resting Arms Ministries
Bought by
J & S Construction Llc
Seller's Agent
Tim Adler
RE/MAX County
Buyer's Agent
Tim Adler
RE/MAX County
List Price
$45,000
Sold Price
$30,000
Premium/Discount to List
-$15,000
-33.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.38%
Original Mortgage
$24,000
Interest Rate
3.97%
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
Labelle Lucien F $43,000 None Available
Labelle Lucien F $43,000 None Available
J & S Construction Llc -- --
J & S Construction Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Labelle Lucien F $43,000
Closed Labelle Lucien F $43,000
Previous Owner J & S Construction Llc $24,000
Previous Owner Cullins Terry $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2021 08/18/21 Sold $21,000 -30.0% $11 / Sq Ft
08/18/2021 08/18/21 Pending -- -- --
03/23/2021 03/23/21 For Sale $30,000 0.0% $15 / Sq Ft
01/22/2016 01/22/16 Sold $30,000 -33.3% --
12/30/2015 12/30/15 Pending -- -- --
11/25/2015 11/25/15 For Sale $45,000 -- --
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 $1,275 $59,600 $14,100 $45,500
2023 $1,162 $59,600 $14,100 $45,500
2022 $1,086 $46,100 $12,200 $33,900
2021 $1,086 $46,100 $12,200 $33,900
2020 $1,086 $46,100 $12,200 $33,900
2019 $1,372 $55,900 $12,200 $43,700
2018 $1,325 $55,900 $12,200 $43,700
2017 $1,336 $55,900 $12,200 $43,700
2016 $1,280 $55,900 $12,200 $43,700
2015 $1,256 $55,900 $12,200 $43,700
2014 $1,247 $55,900 $12,200 $43,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1485210

Maine Listings

APN: CARI-000031-000000-000257-A000000