NOT LISTED FOR SALE

Estimated Value: $404,000 - $811,000

Studio
8 Baths
5,388 Sq Ft
$113/Sq Ft Est. Value

Last Sold April 28, 2017

Last sale price $350,000 $65 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $3,684/month

125 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • Baseboard Heating
  • Main Floor Bedroom
  • Zoned Heating
  • Level Lot

About This Home

As of April 2017

Updated 8 unit with solid rental history. Building has new high eff. natural gas wall hung boiler, spray foam basement walls, vinyl windows & new roofing. Great parking with room for each units cars. With just a little interior updating rents can go higher to or do nothing & run at current 10% cap rate return!

Last Agent to Sell the Property

Kurtis Marsh

Realty of Maine Listed on: 10/17/2016

Realty of Maine

Last Buyer's Agent

Robert Dalton

Realty of Maine

Realty of Maine

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,660

Year Built

  • Built in 1900

Lot Details

  • 8,712 Sq Ft Lot
  • Level Lot

Parking

  • Gravel Driveway

Home Design

  • Colonial Architecture
  • Brick Foundation
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,388 Sq Ft Home
  • 3-Story Property

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 8 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Dirt Floor

Location

  • City Lot

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Water Heater

Community Details

  • No Home Owners Association
  • 8 Units

Listing and Financial Details

  • Tax Lot 148

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,660

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2
  • Road Surface Type: Paved
  • Co List Office Phone: 207-942-6310
  • MLS Status: Closed
  • Directions: Cedar to 4th Street, building on left.
  • Above Grade Finished Sq Ft: 5388.0
  • Architectural Style: Colonial
  • Building Stories: 3
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 64.96
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.2
  • Property Information:Total Baths: 8.0
  • Property Information:SqFt Finished Above Grade: 5388.0
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Exterior:Vinyl Siding: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Heat Fuel:Gas Natural: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 8
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 3
  • Exterior:Wood Siding: Yes
  • Style:Colonial: Yes
  • Basement:Dirt Floor: Yes
  • Driveway:Gravel: Yes
  • Water Heater:Tank: Yes
  • Heat System:Direct Vent Furnace: Yes
  • Building Info:_pound_ Floors3: 3
  • Advertising Remarks:Advertising Remarks: Updated 8 unit with solid rental history. Building has new high eff. natural gas wall hung boiler, spray foam basement walls, vinyl windows & new roofing. Great parking with room for each units cars. With just a little interior updating rents can go higher to or do nothing & run at current 10% cap rate return!
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Dirt Floor, Full, Not Applicable, Unfinished
  • Full Bathrooms: 8
  • Fireplace: No
  • Flooring: Vinyl, Laminate, Carpet
  • Interior Amenities: 1st Floor Bedroom
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Intown
  • Waterfront: No
  • Construction Type: Wood Siding, Vinyl Siding, Wood Frame
  • Foundation Details: Stone, Concrete Perimeter, Brick/Mortar
  • Roof: Shingle

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Direct Vent Furnace, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8712.0
  • Parcel #: 999999
  • Zoning: Residential

Multi Family

  • Number Of Units Total: 8

Tax Info

  • Tax Annual Amount: 4660.0
  • Tax Lot: 148
  • Tax Year: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 31, 2023
Sold by
Maine Way Properties Llc
Bought by
35 Main Downtown Llc
Current Estimated Value
$610,378

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Outstanding Balance
$407,221
Interest Rate
6.5%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$203,157

Purchase Details

Listed on
Oct 17, 2016
Closed on
May 3, 2017
Sold by
K & C Properties Llc
Bought by
Maine Way Properties Llc
Seller's Agent
Kurtis Marsh
Realty of Maine
Buyer's Agent
Robert Dalton
Realty of Maine
List Price
$359,900
Sold Price
$350,000
Premium/Discount to List
-$9,900
-2.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.56%
Original Mortgage
$280,000
Interest Rate
4.23%
Mortgage Type
Commercial
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
35 Main Downtown Llc $400,000 None Available
35 Main Downtown Llc $400,000 None Available
Maine Way Properties Llc -- --
Maine Way Properties Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 35 Main Downtown Llc $420,000
Previous Owner Maine Way Properties Llc $280,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/28/2017 04/28/17 Sold $350,000 -2.8% $65 / Sq Ft
02/20/2017 02/20/17 Pending -- -- --
10/17/2016 10/17/16 For Sale $359,900 -- $67 / 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
2024 $6,133 $330,600 $20,400 $310,200
2023 $5,825 $304,200 $20,400 $283,800
2022 $4,992 $244,700 $20,400 $224,300
2021 $5,191 $232,800 $19,700 $213,100
2020 $5,046 $217,500 $18,700 $198,800
2019 $4,950 $215,200 $18,700 $196,500
2018 $4,810 $209,600 $18,700 $190,900
2017 $4,684 $208,800 $18,700 $190,100
2016 $4,660 $207,100 $18,700 $188,400
2015 $4,432 $201,900 $18,700 $183,200
2014 $4,329 $198,600 $18,700 $179,900
2013 $4,304 $206,900 $18,700 $188,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1286280

Maine Listings

APN: BANG-000034-000000-000148