NOT LISTED FOR SALE

86 N Main Ave Orono, ME 04473

Estimated Value: $326,000 - $406,000

5 Beds
2 Baths
-- Sq Ft
0.25 Acres

Last Sold April 27, 2016

Last sale price $185,000

Est. 99% increase in value since last sale

Current estimated payment $2,473/month

84 Days on Market

Highlights

  • Country Club
  • Colonial Architecture
  • Property is near public transit
  • Orono Middle School Rated A
  • Deck
  • 2-minute walk to Webster Park

About This Home

As of April 2016

Rare opportunity to purchase a turn key rental property in the heart of Orono. Fully occupied with leases through the end of May 2017 ! Great rental history. A duplex building - each 3 bedrooms 1 full bath, laundry hook ups - townhouse style. Spacious units! Both have a back deck, and a nice yard. One side has a 1 car attached garage. Owner could occupy 1 unit and rent the other, or rent both. Short walk to campus & to downtown Orono. On the bus route.

Last Agent to Sell the Property

Chad Bradbury

ERA Dawson-Bradford Co. Listed on: 12/09/2015

ERA Dawson-Bradford Co.

Last Buyer's Agent

NON-MREIS AGENT

Non MREIS Agency

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,323

Year Built

  • Built in 1834

Lot Details

  • 0.25 Acre Lot
  • Corner Lot
  • Level Lot
  • Open Lot

Home Design

  • Duplex
  • Colonial Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Clap Board Siding
  • Clapboard

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Full Bathrooms
  • Bathtub

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near a golf course

Utilities

  • No Cooling
  • Forced Air Zoned Heating System
  • Radiator
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Heating System Mounted To A Wall or Window
  • Heating System Uses Steam
  • Gas Water Heater
  • Water Heated On Demand
  • Cable TV Available

Additional Features

  • 2-Story Property
  • Deck
  • Attic

Listing and Financial Details

  • Legal Lot and Block 138 / 003
  • Assessor Parcel Number 86northmainavenueoronomaine04473

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Country Club

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,323

Year Built

Built in 1834

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.25
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: North on Main Street in Orono. Take a right on North Main Avenue. Go through 1st stop sign. Property is on the left at the 2nd stop sign - corner of North Main Avenue and Pond Street.
  • Architectural Style: Duplex, Colonial
  • Building Stories: 2
  • Year Built: 1834
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.25
  • Property Information:Total Baths: 2.0
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Water Heater:Gas: Yes
  • Water Heater:On Demand: Yes
  • Gas:Natural - On Site: Yes
  • Driveway:Common2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 2
  • Exterior:Clapboard: Yes
  • Heat System:Multi-Zones: Yes
  • Heat System:Radiant: Yes
  • Building Info:_pound_ Stories2: 2
  • Heat System:Steam: Yes
  • Amenities:Bathtub: Yes
  • Style:Colonial: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Style:Duplex: Yes
  • Amenities:Attic: Yes
  • Equipment:Cable: Yes
  • Location:Near Country Club: Yes
  • Heat System:Radiator: Yes
  • Location:Near Railroad: Yes
  • Heat System:Direct Vent Furnace: Yes
  • Driveway:Reclaimed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Bulkhead, Full, Exterior Entry, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Flooring: Wood, Vinyl, Carpet
  • Interior Amenities: Attic, Bathtub
  • Full Basement: Yes

Exterior Features

  • Lot Features: Corner Lot, Level, Open Lot, Sidewalks, Near Golf Course, Near Town, Neighborhood, Near Railroad
  • Waterfront: No
  • Construction Type: Clapboard, Wood Frame
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Reclaimed, Common, Off Street

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level, Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Steam, Radiator, Radiant, Multi-Zones, Forced Air, Direct Vent Furnace, Hot Air
  • 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: 10890.0
  • Parcel #: 86northmainavenueoronomaine04473
  • Zoning: MDR

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 4323.0
  • Tax Block: 003
  • Tax Book Number: 12536
  • Tax Lot: 138
  • Tax Map Number: 020
  • Tax Year: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2015
Closed on
Apr 28, 2016
Sold by
Umaine Properties Llc
Bought by
Orono Properties Llc
Seller's Agent
Chad Bradbury
ERA Dawson-Bradford Co.
Buyer's Agent
NON-MREIS AGENT
Non MREIS Agency
List Price
$200,000
Sold Price
$185,000
Premium/Discount to List
-$15,000
-7.5%
Current Estimated Value
$369,044

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$184,044
Avg. Annual Appreciation
7.72%
Original Mortgage
$148,000
Interest Rate
3.73%
Mortgage Type
Purchase Money Mortgage
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
Orono Properties Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Orono Properties Llc $148,000
Closed Umaine Props Llc $136,000
Closed Lindyberg Lora L $27,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2016 04/27/16 Sold $185,000 -7.5% --
03/03/2016 03/03/16 Pending -- -- --
12/09/2015 12/09/15 For Sale $200,000 -- --
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 $5,594 $262,000 $38,000 $224,000
2023 $5,572 $238,100 $34,500 $203,600
2022 $5,667 $238,100 $34,500 $203,600
2021 $5,655 $238,100 $34,500 $203,600
2020 $4,978 $177,200 $39,500 $137,700
2019 $4,687 $177,200 $39,500 $137,700
2018 $4,784 $177,200 $39,500 $137,700
2017 $4,607 $177,200 $39,500 $137,700
2016 $4,403 $177,200 $39,500 $137,700
2015 $4,324 $177,200 $39,500 $137,700
2014 $4,226 $177,200 $39,500 $137,700
2013 $4,111 $177,200 $39,500 $137,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1246047

Maine Listings

APN: ORON-020003-000000-000138