NOT LISTED FOR SALE

8 River Rd Benton, ME 04901

Estimated Value: $161,000 - $161,377

Studio
2 Baths
1,904 Sq Ft
$85/Sq Ft Est. Value

Sale Details

Date Sold: September 15, 2023

Last sale price $139,000 $73 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $1,014 / mo

27 Days on Market

Highlights

  • Nearby Water Access
  • Scenic Views
  • No HOA
  • Barn
  • Main Floor Bedroom
  • Bathtub

About This Home

As of September 2023

Seller is motivated! First time on the market since 1977! This amazing 2-unit apartment building has many new updates & has been meticulously maintained by owner/occupant since 1977! This 2-unit apartment building has amazing potential & is currently underperforming in terms of rental income with only 1 unit rented at a minimal cost, to a 10-year+ tenant. Attached, large barn for storage. Each unit has their own 12x18', lockable storage unit within the building. There is a 3rd 12x18' storage area for building supplies etc. Long-term tenant currently occupies first floor unit & the 2nd floor unit is vacant & getting some updates. Convenient location, close to I-95, shopping, restaurants, schools and more!

Last Agent to Sell the Property

Dawn Gilman

Century 21 Nason Realty Listed on: 07/20/2023

Century 21 Nason Realty

Last Buyer's Agent

Tyler Tran

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,091

Year Built

  • Built in 1900

Lot Details

  • 7,405 Sq Ft Lot
  • Property fronts a freeway
  • Level Lot

Property Views

  • Scenic Vista
  • Woods

Home Design

  • Duplex
  • Wood Frame Construction
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 1,904 Sq Ft Home
  • 2-Story Property
  • Storage
  • Laundry on main level

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 2 Full Bathrooms
  • Bathtub
  • Shower Only

Unfinished Basement

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

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Nearby Water Access
  • River Nearby
  • Shed

Utilities

  • Air Conditioning
  • Heating System Uses Oil
  • Heat Pump System
  • Baseboard Heating
  • Natural Gas Not Available
  • Satellite Dish

Additional Features

  • Property is near shops
  • Barn

Listing and Financial Details

  • Tax Lot 41
  • Assessor Parcel Number BNTN-000014-000000-000041

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Coin Laundry
  • Community Storage Space

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $9,027
  • Gross Income $10,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,091

Year Built

Built in 1900

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.17
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From in-town Fairfield, cross 3 bridges. At top of hill, at light, turn left on River Road. First house on left abutting Poor Bob's. See sign.
  • Above Grade Finished Sq Ft: 1904.0
  • Architectural Style: Duplex
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 78.73
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.17
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1904.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Baseboard: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Vinyl: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Walk-Out: Yes
  • Amenities:Storage: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Roof:Metal: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 10500.0
  • Income Expenses Operating Expenses: 9027.0
  • Amenities:Bathtub: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Parking:Paved3: Yes
  • Style:Duplex: Yes
  • Recreational Water:Nearby: Yes
  • Recreational Water:RiverBrookStream: Yes
  • View:TreesWoods: Yes
  • Property Information:Deed Restrictions: Unknown
  • Equipment:Satellite Dish: Yes
  • View:Scenic: Yes
  • Water Heater:Heat Pump2: Yes
  • Cooling:AC Units: Yes
  • Building Info:_pound_ Floors3: 2
  • Amenities:Laundry - Coin: Yes
  • Other Structures:Shed: Yes
  • Other Structures Barn2: Yes
  • Advertising Remarks:Advertising Remarks: Seller is motivated! First time on the market since 1977! This amazing 2-unit apartment building has many new updates & has been meticulously maintained by owner/occupant since 1977! This 2-unit apartment building has amazing potential & is currently underperforming in terms of rental income with only 1 unit rented at a minimal cost, to a 10-year+ tenant. Attached, large barn for storage. Each unit has their own 12x18', lockable storage unit within the building. There is a 3rd 12x18' storage area for building supplies etc. Long-term tenant currently occupies first floor unit & the 2nd floor unit is vacant & getting some updates. Convenient location, close to I-95, shopping, restaurants, schools and more!
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Full, Walk-Out Access, Unfinished
  • Full Bathrooms: 2
  • Fireplace: No
  • Flooring: Vinyl, Laminate
  • Interior Amenities: 1st Floor Bedroom, Bathtub, Shower, Storage
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood
  • View: Trees/Woods, Scenic
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Other Structures: Barn, Shed(s)
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved, Off Street

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level, Laundry - Coin
  • Cooling: A/C Units
  • Cooling Y N: Yes
  • Heating: 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

Schools

  • Junior High Dist: RSU 49/MSAD 49

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7405.2
  • Parcel #: BNTN-000014-000000-000041
  • Zoning: Residential

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 10500.0
  • Annual Operating Expense: 9027.0

Tax Info

  • Tax Annual Amount: 2091.0
  • Tax Lot: 41
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2023
Closed on
Sep 15, 2023
Sold by
Henry Robert J
Bought by
Larrabee April D and Perkins Jason L
Seller's Agent
Dawn Gilman
Century 21 Nason Realty
Buyer's Agent
Tyler Tran
Keller Williams Realty
List Price
$185,900
Sold Price
$139,000
Premium/Discount to List
-$46,900
-25.23%
Current Estimated Value
$161,189

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,189
Avg. Annual Appreciation
5.77%

Purchase Details

Listed on
Jul 20, 2023
Closed on
Aug 30, 2023
Sold by
Benton Sewer Dist Town Of
Bought by
Henry Robert J
Seller's Agent
Dawn Gilman
Century 21 Nason Realty
Buyer's Agent
Tyler Tran
Keller Williams Realty
List Price
$185,900
Sold Price
$139,000
Premium/Discount to List
-$46,900
-25.23%
Source: Public Records
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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
Larrabee April D -- None Available
Henry Robert J -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/15/2023 09/15/23 Sold $139,000 -25.2% $73 / Sq Ft
08/16/2023 08/16/23 Pending -- -- --
07/20/2023 07/20/23 For Sale $185,900 -- $98 / Sq Ft
Source: Maine Listings

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
2025 $1,921 $137,240 $15,610 $121,630
2024 $1,990 $137,240 $15,610 $121,630
2023 $1,770 $137,240 $15,610 $121,630
2022 $2,091 $160,860 $15,610 $145,250
2021 $1,485 $83,400 $10,310 $73,090
2020 $1,309 $83,400 $10,310 $73,090
2019 $1,259 $83,400 $10,310 $73,090
2018 $1,218 $83,400 $10,310 $73,090
2017 $1,201 $83,400 $10,310 $73,090
2016 $1,143 $83,400 $10,310 $73,090
2015 $1,126 $83,400 $10,310 $73,090
2014 $1,134 $83,400 $10,310 $73,090
2013 $1,093 $83,400 $10,310 $73,090
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1563398

Maine Listings

APN: BNTN-000014-000000-000041

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