NOT LISTED FOR SALE

81 Mitchell St Mechanic Falls, ME 04256

Estimated Value: $392,000 - $474,169

-- Bed
4.5 Baths
5,014 Sq Ft
$86/Sq Ft Est. Value

Last Sold September 08, 2023

Last sale price $425,000 $85 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,783/month

6 Days on Market

About This Home

As of September 2023

Introducing 81 Mitchell St, a 4 Unit investment or owner occupy property on 3 acres of land! The major systems have recently been done for you, including new heating system this Spring and new hot water heater for unit 1, new roof (2022/2023) vinyl siding only 3 yrs old, both decks re-done this Summer, and reclaimed asphalt in the front driveway just laid. The large first floor unit with 2-3 bedrooms, laundry room, office area, barn storage access, and 1 1/2 bathrooms, would be a great owner occupy unit, with the turn around driveway, beautiful farmer's porch, and overlooking the expansive side yard! The other three 1 bedroom units have all been renovated in the last 3 years, and they share a large parking area in the rear of the building, and pay for their own electricity and hot water, with hot water heaters accessible right in the units. Located just 15 minutes from Auburn. This is a unique opportunity the best of both worlds of home owning, income & land!

Last Agent to Sell the Property

Sierra Lemieux

Fontaine Family-The Real Estate Leader Listed on: 08/03/2023

Last Buyer's Agent

Jeffrey Mateja

Keller Williams Realty

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,761

Year Built

1840

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 3.08
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 5014.0
  • Architectural Style: Colonial, Farmhouse, Other Style
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1840
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 3.08
  • Property Information:Total Baths: 5.0
  • Property Information:SqFt Finished Above Grade: 5014.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: 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
  • Basement Entry:Walk-Out: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 4
  • Foundation Materials:BrickMortar2: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 40800.0
  • Income Expenses Operating Expenses: 15950.0
  • Style:Colonial: Yes
  • Basement:Crawl Space: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Basement:Dirt Floor: Yes
  • Driveway:Gravel: Yes
  • Site:Wooded: Yes
  • Site:RollingSloping: Yes
  • Water Heater:Tank: Yes
  • Foundation Materials:Granite2: Yes
  • Location:Near Railroad: Yes
  • Basement Entry:Exterior Only: Yes
  • Driveway:Reclaimed: Yes
  • Accessibilitiy Amenities:Roll-in Shower: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Accessibility Features: Roll-in Shower
  • Has Basement: Dirt Floor, Walk-Out Access, Crawl Space, Exterior Only, Unfinished
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Flooring: Wood, Vinyl
  • Interior Amenities: 1st Floor Bedroom

Exterior Features

  • Lot Features: Level, Open Lot, Rolling Slope, Wooded, Near Town, Neighborhood, Near Railroad
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Granite, Brick/Mortar
  • Patio And Porch Features: Deck, Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 11 - 20 Spaces, Gravel, Reclaimed

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • 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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 134164.8
  • Parcel #: MECH-000020-000000-000040
  • Zoning: General Residential

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 40800.0
  • Annual Operating Expense: 15950.0

Tax Info

  • Tax Annual Amount: 3237.0
  • Tax Book Number: 9285
  • Tax Lot: 40
  • Tax Map Number: 20
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2023
Closed on
Sep 8, 2023
Sold by
6 Sigma Properties Llc
Bought by
Tavantzis Michael J and Tavantzis Natalia
Seller's Agent
Sierra Lemieux
Fontaine Family-The Real Estate Leader
Buyer's Agent
Jeffrey Mateja
Keller Williams Realty
List Price
$425,000
Sold Price
$425,000
Current Estimated Value
$432,042

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,042
Avg. Annual Appreciation
0.11%
Original Mortgage
$340,000
Outstanding Balance
$334,213
Interest Rate
6.81%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$91,656
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
Tavantzis Michael J $425,000 None Available
Tavantzis Michael J $425,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tavantzis Michael J $52,000
Open Tavantzis Michael J $340,000
Closed Tavantzis Michael J $340,000
Previous Owner 6 Sigma Properties Llc $71,250
Previous Owner Farrell Francis L $92,500
Previous Owner Farrell Barbara E $145,000
Previous Owner Farrell Barbara E $114,000
Previous Owner Farrell Francis L $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2023 09/08/23 Sold $425,000 0.0% $85 / Sq Ft
08/09/2023 08/09/23 Pending -- -- --
08/03/2023 08/03/23 For Sale $425,000 +400.0% $85 / Sq Ft
12/30/2015 12/30/15 Sold $85,000 -26.6% $36 / Sq Ft
11/24/2015 11/24/15 Pending -- -- --
10/26/2015 10/26/15 For Sale $115,735 -- $49 / 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 $4,761 $309,158 $59,824 $249,334
2023 $4,328 $309,158 $59,824 $249,334
2022 $3,237 $145,496 $28,480 $117,016
2021 $3,143 $145,496 $28,480 $117,016
2020 $3,121 $145,496 $28,480 $117,016
2019 $3,048 $145,496 $28,480 $117,016
2018 $3,172 $145,496 $28,480 $117,016
2017 $3,201 $145,496 $28,480 $117,016
2016 $3,102 $145,496 $28,480 $117,016
2015 $3,901 $182,301 $28,480 $153,821
2014 $3,865 $182,301 $28,480 $153,821
Source: Public Records

Agents Affiliated with this Home

  • Sierra Lemieux

    Seller's Agent in 2023

    Sierra Lemieux

    Fontaine Family-The Real Estate Leader

    (207) 376-7255

    2 in this area

    106 Total Sales

    Section Image
  • Jeffrey Mateja

    Buyer's Agent in 2023

    Jeffrey Mateja

    Keller Williams Realty

    (207) 879-9800

    5 in this area

    936 Total Sales

    Section Image

  • D

    Seller's Agent in 2015

    Dana Trumann

    CENTURY 21 Advantage

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Map

Source: Maine Listings

MLS Number: 1567538

Maine Listings

APN: MECH-000020-000000-000040

Maine Androscoggin County Mechanic Falls 04256

81 Mitchell St, Mechanic Falls, ME

This home is located at 81 Mitchell St, Mechanic Falls, ME 04256 since 03 August 2023 and is currently estimated at $432,042, approximately $86 per square foot. This property was built in 1840. 81 Mitchell St is a home located in Androscoggin County with nearby schools including Elm Street School - Mechanic Falls.

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