NOT LISTED FOR SALE

8 King St Norway, ME 04268

Estimated Value: $153,000 - $330,000

-- Bed
5 Baths
3,899 Sq Ft
$67/Sq Ft Est. Value

Last Sold October 25, 2019

Last sale price $64,900 $17 Per Sq Ft

Est. 303% increase in value since last sale

Current estimated payment $1,559/month

2 Days on Market

Highlights

  • Wood Flooring
  • Baseboard Heating
  • Level Lot
  • No HOA

About This Home

As of October 2019

Spacious 5-unit plus a beauty shop in the heart of Norway! Beautiful woodwork, built-ins and floors in some of the units. First floor has 1 1 bedroom unit, and a efficiency unit with a bedroom and bath(no kitchen). The first floor unit is current rented (below market rents) and they are using the efficiency for extra space. Second floor has two 1 bedroom units, 3rd floor has 2-3 bedrooms. Basement has a beauty salon that has been there for 40 years! Bring your imagination and bring the building back to life. Units need cosmetics, building has older windows and roof. Town has building as 5-units and a Beauty shop, financing will be need to a Commercial loan or cash purchase. All systems are currently on and operational. All Norway Main St amenities are right out your door with this location! Building will be sold 'as is'.

Last Agent to Sell the Property

Pamela Sessions

Kezar Realty Listed on: 09/04/2019

Last Buyer's Agent

Rebecca Marcinuk

Bearfoot Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,553

Year Built

  • Built in 1890

Lot Details

  • 3,049 Sq Ft Lot
  • Level Lot

Home Design

  • Brick Foundation
  • Wood Frame Construction
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 5 Full Bathrooms
  • 4-Story Property

Flooring

  • Wood
  • Carpet
  • Vinyl

Finished Basement

  • Walk-Out Basement
  • Brick Basement

Parking

  • Driveway
  • Paved Parking

Location

  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • 5 Units

Listing and Financial Details

  • Tax Lot 187
  • Assessor Parcel Number NORY-000027-000000-000187

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,553

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.07
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Main St Norway, left on King St after Library.
  • Above Grade Finished Sq Ft: 3699.0
  • Architectural Style: Other
  • Garage Yn: No
  • Unit Levels: Multi-Level
  • Building Stories: 4
  • Year Built: 1890
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.07
  • Property Information:Total Baths: 5.0
  • Property Information:SqFt Finished Above Grade: 3699.0
  • Property Information:SqFt Finished Below Grade: 200.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Construction:Wood Frame: Yes
  • Percent Basement Finished: Yes
  • Basement:Walkout Access: 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
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Roof:Metal: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 5
  • Foundation Materials:BrickMortar2: Yes
  • Building Info:_pound_ Stories2: 4
  • Property Information:Short Sale Continue to Show: No
  • Basement:BrickMortar: Yes
  • Property Information:Bank Owned REO: No
  • Building Info:_pound_ Floors3: 4
  • Property Information 2 Detached Houses on 1 Lot: No
  • Levels:Multi-Level3: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 4

Interior Features

  • Has Basement: Walk-Out Access, Brick/Mortar, Finished
  • Full Bathrooms: 5
  • Below Grade Sq Ft: 200.0
  • Fireplace: No
  • Flooring: Wood, Vinyl, Carpet
  • Stories: 4

Exterior Features

  • Lot Features: Level, Intown, Near Shopping
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Brick/Mortar
  • Roof: Metal

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3049.2
  • Parcel #: NORY-000027-000000-000187
  • Zoning: Mixed Use

Multi Family

  • Number Of Units Total: 5

Tax Info

  • Tax Annual Amount: 1553.0
  • Tax Book Number: 946
  • Tax Lot: 187
  • Tax Map Number: 027
  • Tax Year: 2018

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Northeast Rental Hsng Llc $411,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2019 10/25/19 Sold $64,900 0.0% $17 / Sq Ft
09/07/2019 09/07/19 Pending -- -- --
09/04/2019 09/04/19 For Sale $64,900 -- $17 / 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 $1,634 $91,674 $14,974 $76,700
2023 $1,348 $91,700 $15,000 $76,700
2022 $1,293 $91,700 $15,000 $76,700
2021 $1,576 $90,300 $13,600 $76,700
2020 $1,585 $90,300 $13,600 $76,700
2019 $1,585 $90,300 $13,600 $76,700
2018 $1,106 $90,300 $13,600 $76,700
2017 $1,553 $90,300 $13,600 $76,700
2015 $1,436 $90,300 $13,600 $76,700
2013 $1,327 $90,300 $13,600 $76,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1431745

Maine Listings

APN: NORY-000027-000000-000187