$640,000
SOLD SEP 26, 2025

8 Iris Ln Freeport, ME 04032

-- Bed
4 Baths
2,299 Sq Ft
3.3 Acres

Recently Sold

$278 Per Sq Ft

2% Below List Price

22 Days on Market

Highlights

  • 20 Feet of Waterfront
  • 3.3 Acre Lot
  • Main Floor Bedroom
  • Mast Landing School Rated A
  • Wood Flooring
  • Corner Lot

About This Home

As of September 2025

Welcome to 8 Iris Lane - a rare opportunity to own a well-maintained two-unit property set on 3.3 acres of privacy and natural beauty in sought-after Freeport. This property offers flexibility, space, and strong rental potential.

Unit 1 features 2 comfortable bedrooms, a functional layout, and cozy living spaces - perfect for continued rental income or future personal use.

Unit 2 offers 3 spacious bedrooms and has been recently updated with all new windows and stylish vinyl plank flooring. Bright and inviting, it adds to the overall appeal and value of the property.

Both units are currently leased with a solid income history, making this a turnkey investment opportunity from day one.

Enjoy the expansive, fenced-in backyard - ideal for pets, gardening, or outdoor entertaining - all surrounded by mature trees for a true sense of privacy and seclusion.

Located just minutes from downtown Freeport's shops, restaurants, and amenities, yet tucked away in a peaceful setting, 8 Iris Lane offers the best of both worlds.

Don't miss this unique opportunity to own a flexible, income-producing property in a prime location!

Last Agent to Sell the Property

Laura Davis

Portside Real Estate Group Listed on: 08/08/2025

Co-Listed By

Jodi Shea

Portside Real Estate Group

Last Buyer's Agent

Khristian Potter

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,114

Year Built

  • Built in 1955

Lot Details

  • 3.3 Acre Lot
  • 20 Feet of Waterfront
  • Corner Lot
  • Level Lot

Parking

  • Gravel Driveway

Home Design

  • Duplex
  • Wood Frame Construction
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 2,299 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Tile
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Walk-In Closet

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Sump Pump

Utilities

  • No Cooling
  • Space Heater
  • Heating System Uses Gas
  • Heating System Uses Propane
  • Baseboard Heating
  • Underground Utilities
  • Private Water Source
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 75
  • Assessor Parcel Number FPRT-000023-000075

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $9,421
  • Gross Income $48,360

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,114

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 3.3
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Water Body Name: unknown
  • Co List Office Phone: 207-619-7571
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 2299.0
  • Architectural Style: Other
  • Garage Yn: No
  • Unit Levels: Multi-Level
  • Building Stories: 2
  • Structure Type: Duplex
  • Year Built: 1955
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 282.73
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 3.3
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 2299.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Basement Entry:Interior: Yes
  • Heat Fuel:Electric: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Basement:Unfinished: Yes
  • Amenities:Walk-in Closets: Yes
  • Property Information:Number of Units: 2
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 48360.0
  • Income Expenses Operating Expenses: 9421.43
  • Water Info:Waterfront Amount -: 20.0
  • Water Info:Water Frontage Owned -: 20.0
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Equipment:Cable: Yes
  • Water Heater:Tank: Yes
  • Basement:Sump Pump: Yes
  • Exterior:Aluminum Siding: Yes
  • Heat System:Space Heater: Yes
  • Electric:Underground: Yes
  • Advertising Remarks:Advertising Remarks: Welcome to 8 Iris Lane - a rare opportunity to own a well-maintained two-unit property set on 3.3 acres of privacy and natural beauty in sought-after Freeport. This property offers flexibility, space, and strong rental potential. Unit 1 features 2 comfortable bedrooms, a functional layout, and cozy living spaces - perfect for continued rental income or future personal use. Unit 2 offers 3 spacious bedrooms and has been recently updated with all new windows and stylish vinyl plank flooring. Bright and inviting, it adds to the overall appeal and value of the property. Both units are currently leased with a solid income history, making this a turnkey investment opportunity from day one. Enjoy the expansive, fenced-in backyard - ideal for pets, gardening, or outdoor entertaining - all surrounded by mature trees for a true sense of privacy and seclusion. Located just minutes from downtown Freeport's shops, restaurants, and amenities, yet tucked away in a peaceful setting, 8 Iris Lane offers the best of both worlds. Don't miss this unique opportunity to own a flexible, income-producing property in a prime location!
  • Levels:Multi-Level3: Yes
  • Structure Type:Duplex3: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Furnished: Unfurnished
  • Other Equipment: Cable
  • Has Basement: Interior, Bulkhead, Full, Sump Pump, Unfinished
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Fireplace: No
  • Flooring: Wood, Tile
  • Interior Amenities: Walk-in Closets, 1st Floor Bedroom
  • Full Basement: Yes

Exterior Features

  • Lot Features: Corner Lot, Level, Near Shopping, Near Turnpike/Interstate, Near Town
  • Waterfront: Yes
  • Construction Type: Aluminum Siding, Wood Frame
  • Roof: Shingle

Garage/Parking

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

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Space Heater, Baseboard
  • Heating Yn: Yes
  • Electric: Underground, Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Private

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 143748.0
  • Parcel #: FPRT-000023-000075
  • Zoning: C1

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 48360.0
  • Annual Operating Expense: 9421.43

Tax Info

  • Tax Annual Amount: 6114.0
  • Tax Lot: 75
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2025
Closed on
Sep 26, 2025
Sold by
Livecchi John F and Livecchi Rebecca
Bought by
Rogers Conary N
Seller's Agent
Laura Davis
Portside Real Estate Group
Buyer's Agent
Khristian Potter
Keller Williams Realty
List Price
$650,000
Sold Price
$640,000
Premium/Discount to List
-$10,000
-1.54%
Views
49

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.27%
Original Mortgage
$480,000
Outstanding Balance
$479,573
Interest Rate
6.58%
Mortgage Type
New Conventional
Estimated Equity
$154,868

Purchase Details

Listed on
Apr 12, 2023
Closed on
May 19, 2023
Sold by
Weinstein Jane
Bought by
Livecchi John F and Skelton Rebecca L
Seller's Agent
Heidi Nottonson
Keller Williams Realty
Buyer's Agent
Laura Davis
Keller Williams Realty
List Price
$470,000
Sold Price
$501,000
Premium/Discount to List
$31,000
6.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.93%
Original Mortgage
$400,800
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Warranty Deed $640,000 --
Warranty Deed $501,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $480,000 New Conventional
Previous Owner $400,800 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/26/2025 09/26/25 Sold $640,000 -1.5% $278 / Sq Ft
08/08/2025 08/08/25 For Sale $650,000 +29.7% $283 / Sq Ft
05/19/2023 05/19/23 Sold $501,000 +6.6% $218 / Sq Ft View Prior Sale
04/21/2023 04/21/23 Pending -- -- --
04/12/2023 04/12/23 For Sale $470,000 -- $204 / 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 $6,114 $458,000 $186,700 $271,300
2023 $5,566 $404,800 $169,700 $235,100
2022 $4,551 $333,400 $141,600 $191,800
2021 $4,451 $333,400 $141,600 $191,800
2020 $4,351 $310,800 $131,200 $179,600
2019 $4,160 $290,900 $123,700 $167,200
2018 $4,068 $270,300 $115,500 $154,800
2017 $3,894 $260,500 $112,900 $147,600
2016 $3,816 $241,500 $104,500 $137,000
2015 $3,686 $219,400 $98,800 $120,600
2014 $3,467 $219,400 $98,800 $120,600
2013 $3,612 $227,900 $96,800 $131,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1633685

Maine Listings

APN: FPRT-000023-000075