NOT LISTED FOR SALE

8 Just A Mere Rd Falmouth, ME 04105

Estimated Value: $721,000 - $1,329,000

4 Beds
2 Baths
2,050 Sq Ft
$516/Sq Ft Est. Value

Last Sold January 19, 2018

Last sale price $605,000 $295 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $6,284/month

24 Days on Market

Highlights

  • Ocean Front
  • Colonial Architecture
  • 2 Fireplaces
  • Falmouth Middle School Rated A
  • Wood Flooring
  • No HOA

About This Home

As of January 2018

Rare 1926 Duplex. Each unit has its own driveway, one car garage, and rear entrance. Each unit has a full basement; kitchen and living room on the first floor; master bedroom, second bedroom, and bathroom on second floor. Each unit has a dedicated electric meter, furnace, water heater, and a fireplace. Black and white tiled bathroom. Updated and remodeled with views over Casco Bay and the Presumpscot River.

Last Agent to Sell the Property

John Robinson

RE/MAX Shoreline Listed on: 09/18/2017

RE/MAX Shoreline

Last Buyer's Agent

Katherine Hogan

Legacy Properties Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,082

Year Built

  • Built in 1926

Lot Details

  • 7,405 Sq Ft Lot
  • Ocean Front
  • Landscaped
  • Level Lot

Property Views

  • Water
  • Scenic Vista

Home Design

  • Colonial Architecture
  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Clap Board Siding
  • Clapboard

Interior Spaces

  • 2,050 Sq Ft Home
  • 2-Story Property
  • 2 Fireplaces
  • Storm Doors
  • ENERGY STAR Qualified Appliances
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Full Bathrooms
  • Low Flow Toliet

Unfinished Basement

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

Parking

  • Detached Garage
  • Driveway

Accessible Home Design

  • Doors are 32 inches wide or more

Utilities

  • No Cooling
  • Zoned Heating
  • Radiator
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Heating System Uses Steam
  • Programmable Thermostat
  • High-Efficiency Water Heater
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 144
  • Assessor Parcel Number 8Just A Mere RoadFalmouthU02144

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Pet Policy

  • No Cats Allowed

Building Details

  • Gross Income $21,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,082

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.17
  • Road Surface Type: Paved
  • Water Body Name: Casco Bay
  • MLS Status: Closed
  • Directions: In the Falmouth Flats. From Portland, take first right turn over bridge from Portland onto Bay Shore Dr, first left onto Just A Mere, third house. From Falmouth, turn onto to Reg Roc Drive, then onto Just A Mere. Do not drive into Casco Bay using GPS.
  • Above Grade Finished Sq Ft: 2050.0
  • Architectural Style: Colonial
  • Efficiency: Storm Doors, Programmable Thermostat, Other/See Internal Remarks, High Efficiency Water Heater, Energy Star Appliances
  • Building Stories: 2
  • Year Built: 1926
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.17
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2050.0
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Gas:Natural - On Site: Yes
  • Amenities:Laundry - Hookup: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Basement Entry:Doghouse: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Exterior:Clapboard: Yes
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 21600.0
  • Parking:On Site2: Yes
  • Heat System:Steam: Yes
  • Style:Colonial: Yes
  • Building Info:_pound_ Fireplaces3: 2
  • Property Information:Deed Restrictions: Unknown
  • Equipment:Cable: Yes
  • Equipment:Satellite Dish: Yes
  • View:Scenic: Yes
  • Basement:Sump Pump: Yes
  • Heat System:Radiator: Yes
  • Water Heater:Heat Pump2: Yes
  • Green Features:Low Flow Commode: Yes
  • Energy Efficiency:Energy Star Appliances: Yes
  • Energy Efficiency:High Efficiency Water Heater: Yes
  • Energy Efficiency:Storm Doors: Yes
  • Energy Efficiency:Programmable Thermostat: Yes
  • Restrictions:No Cats Allowed: Yes
  • Accessibilitiy Amenities 32 - 36 Inch Doors: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Accessibility Features: 32 - 36 Inch Doors
  • Has Basement: Full, Sump Pump, Doghouse, Unfinished
  • Full Bathrooms: 2
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Wood, Vinyl, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Landscaped, Neighborhood, Subdivided
  • View: Scenic
  • Waterfront Features: Ocean
  • Waterfront: No
  • Construction Type: Clapboard, Wood Frame
  • Foundation Details: Stone, Brick/Mortar
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved, On Site, Detached

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Steam, Radiator, Multi-Zones
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Cats Allowed

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7405.2
  • Parcel #: 8Just A Mere RoadFalmouthU02144
  • Zoning: Res

Green Features

  • Green Water Conservation: Low Flow Commode

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 21600.0

Tax Info

  • Tax Annual Amount: 5082.0
  • Tax Book Number: 4698
  • Tax Lot: 144
  • Tax Map Number: U02
  • Tax Year: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2017
Closed on
Jan 22, 2018
Sold by
Stout Elizabeth F and Robinson John B
Bought by
Vardis Lance and Vardis Gina
Seller's Agent
John Robinson
RE/MAX Shoreline
Buyer's Agent
Katherine Hogan
Legacy Properties Sotheby's International Realty
List Price
$645,000
Sold Price
$605,000
Premium/Discount to List
-$40,000
-6.2%
Current Estimated Value
$1,058,155

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$453,155
Avg. Annual Appreciation
7.46%
Original Mortgage
$302,500
Outstanding Balance
$255,274
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$802,881

Purchase Details

Closed on
Jul 30, 2013
Sold by
Mcaleer Sean P and Mcaleer Cecelia A
Bought by
Silverson Peter K

Purchase Details

Listed on
Mar 7, 2012
Closed on
May 29, 2012
Sold by
Dutton Shirley R
Bought by
Stout Elizabeth F and Robinson John B
Seller's Agent
Lori Garon
RE/MAX By The Bay
Buyer's Agent
John Robinson
RE/MAX By The Bay
List Price
$425,000
Sold Price
$397,500
Premium/Discount to List
-$27,500
-6.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.56%
Original Mortgage
$318,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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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
Vardis Lance -- --
Vardis Lance -- --
Silverson Peter K -- --
Silverson Peter K -- --
Stout Elizabeth F -- --
Stout Elizabeth F -- --
Stout Elizabeth F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vardis Lance $302,500
Closed Vardis Lance $302,500
Previous Owner Stout Elizabeth F $318,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/19/2018 01/19/18 Sold $605,000 -6.2% $295 / Sq Ft
10/13/2017 10/13/17 Pending -- -- --
09/18/2017 09/18/17 For Sale $645,000 +62.3% $315 / Sq Ft
05/25/2012 05/25/12 Sold $397,500 -6.5% $194 / Sq Ft View Prior Sale
04/13/2012 04/13/12 Pending -- -- --
03/07/2012 03/07/12 For Sale $425,000 -- $207 / 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 $8,815 $658,800 $458,500 $200,300
2023 $8,315 $657,800 $458,500 $199,300
2022 $7,841 $657,800 $458,500 $199,300
2021 $5,891 $338,000 $191,800 $146,200
2020 $5,763 $338,000 $191,800 $146,200
2019 $5,702 $338,000 $191,800 $146,200
2018 $5,567 $338,000 $191,800 $146,200
2017 $5,280 $338,000 $191,800 $146,200
2016 $5,082 $336,800 $191,800 $145,000
2015 $4,922 $336,400 $191,800 $144,600
2014 $4,743 $336,400 $191,800 $144,600
2012 $4,237 $315,500 $191,800 $123,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1325549

Maine Listings

APN: FMTH-000001U-000000-000144