NOT LISTED FOR SALE

89 & 91 Castine Rd Orland, ME 04472

Estimated Value: $402,280

Studio
5 Baths
5,336 Sq Ft
$75/Sq Ft Est. Value

Sale Details

Date Sold: July 6, 2022

Last sale price $335,000 $63 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $2,545 / mo

184 Days on Market

Highlights

  • The property is located in a historic district
  • New Englander Architecture
  • No HOA
  • Wood Flooring
  • Corner Lot
  • Baseboard Heating

About This Home

As of July 2022

Calling all investors!! This unique property has endless possibilities! Five fully rented units that have been fully renovated in the last four years; building just reshingled; wiring, furnace and windows all replaced within the last four years. Coin op laundry makes it extremely convenient for tenants with additional hook ups to add more. Neighboring property being sold (89 Castine) used to be a Grange Hall, then turned into Historical Society. Needs renovating but with some elbow grease could easily be converted into two units, storefront, Airbnb... endless possibilities! Property behind multi-unit features full foundation and plumbed for radiant (not currently in use). Property used to be a redemption center. With some vision and a tool belt this property could generate as much income as you could imagine!

Last Agent to Sell the Property

Florentina Davis

NextHome Experience Listed on: 03/07/2022

NextHome Experience

Last Buyer's Agent

Florentina Davis

NextHome Experience Listed on: 03/07/2022

NextHome Experience

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,942

Year Built

  • Built in 1900

Lot Details

  • 14,375 Sq Ft Lot
  • Rural Setting
  • Corner Lot

Parking

  • Gravel Driveway

Home Design

  • New Englander Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 5 Full Bathrooms
  • 5,336 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement
  • Exterior Basement Entry

Flooring

  • Wood
  • Tile
  • Vinyl

Location

  • The property is located in a historic district

Utilities

  • No Cooling
  • Heating System Uses Propane
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Private Water Source
  • Electric Water Heater

Listing and Financial Details

  • Exclusions: Washer/ Dryer in unit 5
  • Tax Lot 20, 19
  • Assessor Parcel Number 89&91CastineRdOrland04472

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Amenities

  • Coin Laundry

Building Details

  • Operating Expense $12,775
  • Gross Income $45,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,942

Year Built

Built in 1900

Lot Details

0.33 Acres

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.33
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Follow S Main St through town of Bucksport, turn R onto ME-166/ME-175 S. Property on corner lot on Right, sign is up
  • Above Grade Finished Sq Ft: 5336.0
  • Architectural Style: Multi-Level, New Englander
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 66.7
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.33
  • Property Information:Total Baths: 5.0
  • Property Information:SqFt Finished Above Grade: 5336.0
  • Property Information:Garage: No
  • Site:Corner Lot: 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
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 5
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 45000.0
  • Income Expenses Operating Expenses: 12775.0
  • Style:Multi-Level: Yes
  • Exterior:Wood Siding: Yes
  • Location:Historic District: Yes
  • Location:Rural: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Basement Entry:Exterior Only: Yes
  • Style:New Englander: Yes
  • Amenities:Laundry - Coin: Yes
  • Advertising Remarks:Advertising Remarks: Calling all investors!! This unique property has endless possibilities! Five fully rented units that have been fully renovated in the last four years; building just reshingled; wiring, furnace and windows all replaced within the last four years. Coin op laundry makes it extremely convenient for tenants with additional hook ups to add more. Neighboring property being sold (89 Castine) used to be a Grange Hall, then turned into Historical Society. Needs renovating but with some elbow grease could easily be converted into two units, storefront, Airbnb... endless possibilities! Property behind multi-unit features full foundation and plumbed for radiant (not currently in use). Property used to be a redemption center. With some vision and a tool belt this property could generate as much income as you could imagine! Call Flori Davis today to schedule your showing (207) 852-4597
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Exterior Only, Unfinished
  • Full Bathrooms: 5
  • Flooring: Wood, Vinyl, Tile

Exterior Features

  • Lot Features: Corner Lot, Historic District, Near Town, Rural
  • Waterfront: No
  • Exclusions: Washer/ Dryer in unit 5
  • Construction Type: Wood Siding, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Gravel

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 14374.8
  • Parcel #: 89&91CastineRdOrland04472
  • Zoning: Residential

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 45000.0
  • Annual Operating Expense: 12775.0

Tax Info

  • Tax Annual Amount: 3942.0
  • Tax Lot: 20, 19
  • Tax Year: 2021

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2022
Closed on
Jul 6, 2022
Sold by
J & M Reaty Llc
Bought by
Seller's Agent
Florentina Davis
NextHome Experience
Buyer's Agent
Florentina Davis
NextHome Experience
List Price
$399,900
Sold Price
$335,000
Premium/Discount to List
-$64,900
-16.23%
Current Estimated Value
$402,280

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,280
Avg. Annual Appreciation
4.52%
Original Mortgage
$268,000
Outstanding Balance
$251,208
Interest Rate
5.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$151,072

Purchase Details

Closed on
Sep 7, 2017
Sold by
Doyon Martha
Bought by
J & M Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
3.92%
Mortgage Type
New Conventional
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$335,000 None Available
J & M Realty Llc -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open -- $268,000
Previous Owner -- $170,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/06/2022 07/06/22 Sold $335,000 -16.2% $63 / Sq Ft
05/24/2022 05/24/22 Pending -- -- --
11/20/2021 11/20/21 For Sale $399,900 -- $75 / Sq Ft
Source: Maine Listings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,036 $326,050 $48,130 $277,920
2024 $3,610 $296,400 $43,750 $252,650
2023 $4,261 $361,750 $43,750 $318,000
2022 $2,919 $298,510 $35,000 $263,510
2021 $3,443 $225,020 $21,550 $203,470
2020 $3,443 $225,020 $21,550 $203,470
2019 $3,488 $225,020 $21,550 $203,470
2018 $2,631 $179,090 $21,550 $157,540
2017 $1,577 $113,060 $21,550 $91,510
2016 $2,931 $213,940 $21,550 $192,390
2015 $2,931 $213,940 $21,550 $192,390
2014 $3,038 $213,940 $21,550 $192,390
2013 $3,038 $213,940 $21,550 $192,390
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1515190

Maine Listings

APN: ORLA-000020-000000-000019

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