NOT LISTED FOR SALE

89 Main St Bingham, ME 04920

Estimated Value: $369,000 - $464,253

Studio
20.5 Baths
8,160 Sq Ft
$49/Sq Ft Est. Value

Last Sold August 02, 2022

Last sale price $450,000 $55 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $2,455/month

6 Days on Market

Highlights

  • Barn
  • River Front
  • Wooded Lot
  • In Ground Pool
  • Deck
  • Main Floor Bedroom

About This Home

As of August 2022

Gorgeous setting for this 20 room Inn with a separate 3 bdrm owners quarters located in town Bingham with views of the river, access to snowmobile/atv/utv trails, large yard, great parking for park and ride customers, and all situated on almost 14 acres. This place offers several barns, fruit trees, paved driveways and ample parking for cars and trailers. There is a 17 room motel set up on one side of the property and next door is a 3 unit building with the main lobby and attached to a huge barn for storage. Lots of possibilities here, come bring your ideas and have a place in rural Maine that is literally the doorway to Maines finest recreation/hunting/fishing spots the state has to offer. Come check it out.

Last Agent to Sell the Property

Nate Laflin

Your Home Sold Guaranteed Realty Listed on: 07/13/2022

Last Buyer's Agent

Jordan Stolt

Portside Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,075

Year Built

  • Built in 1858

Lot Details

  • 13.65 Acre Lot
  • River Front
  • Level Lot
  • Open Lot
  • Wooded Lot

Parking

  • 10 Car Direct Access Garage
  • Parking Storage or Cabinetry
  • Driveway

Property Views

  • Water
  • Scenic Vista
  • Woods

Home Design

  • Rooming House
  • Concrete Foundation
  • Stone Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Metal Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 8,160 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Unfinished Basement
  • Interior Basement Entry
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Bathtub
  • Shower Only

Outdoor Features

  • In Ground Pool
  • Deck
  • Patio
  • Shed
  • Outbuilding
  • Porch

Farming

  • Barn

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Gas
  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 89MainStBingham04920

Community Details

Overview

  • No Home Owners Association
  • 21 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $195,000
  • Gross Income $266,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,075

Year Built

Built in 1858

Lot Details

0

Parking

10

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 13.65
  • Road Surface Type: Paved
  • Water Body Name: Kennebec
  • MLS Status: Closed
  • Directions: From Skowhegan take Rte 201 North toward Jackman for about 22 Miles to property on the right, sign on property.
  • Above Grade Finished Sq Ft: 8160.0
  • Architectural Style: Multi-Level, Other Style, Rooming House
  • Garage Yn: Yes
  • Building Stories: 2
  • Year Built: 1858
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 55.15
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 13.65
  • Property Information:Total Baths: 21.0
  • Property Information:SqFt Finished Above Grade: 8160.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Pool-In Ground: Yes
  • Amenities:Storage: Yes
  • Property Information:Garage Spaces: 10.0
  • Foundation Materials:Slab: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:Shower: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Roof:Metal: Yes
  • Vehicle Storage:Direct Entry to Living: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 21
  • Foundation Materials:Stone: Yes
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 266000.0
  • Income Expenses Operating Expenses: 195000.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Exterior:Wood Siding: Yes
  • Amenities:Bathtub: Yes
  • Parking:Paved3: Yes
  • Basement:Slab2: Yes
  • Site:Wooded: Yes
  • View:TreesWoods: Yes
  • Heat Fuel:Gas Bottled: Yes
  • Vehicle Storage:Storage Above: Yes
  • View:Scenic: Yes
  • Amenities:Furniture Included: Yes
  • Foundation Materials:Granite2: Yes
  • Building Info:_pound_ Floors3: 2
  • Style:Rooming House: Yes
  • Other Structures:Shed: Yes
  • Other Structures:Out Building: Yes
  • Other Structures Barn2: Yes
  • Advertising Remarks:Advertising Remarks: Gorgeous setting for this 20 room Inn with a separate 3 bdrm owners quarters located in town Bingham with views of the river, access to snowmobile/atv/utv trails, large yard, great parking for park and ride customers, and all situated on almost 14 acres. This place offers several barns, fruit trees, paved driveways and ample parking for cars and trailers. There is a 17 room motel set up on one side of the property and next door is a 3 unit building with the main lobby and attached to a huge barn for storage. Lots of possibilities here, come bring your ideas and have a place in rural Maine that is literally the doorway to Maines finest recreation/hunting/fishing spots the state has to offer. Come check it out.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Interior Entry, Unfinished
  • Full Bathrooms: 20
  • Half Bathrooms: 1
  • Flooring: Vinyl, Tile, Laminate, Carpet
  • Interior Amenities: Furniture Included, 1st Floor Bedroom, Bathtub, Shower, Storage
  • Stories: 2

Exterior Features

  • Lot Features: Level, Open Lot, Wooded, Near Shopping, Near Town
  • Pool Features: In Ground
  • View: Trees/Woods, Scenic
  • Waterfront Features: River
  • Waterfront: No
  • Construction Type: Wood Siding, Wood Frame
  • Foundation Details: Stone, Granite, Concrete Perimeter, Slab
  • Other Structures: Barn, Outbuilding, Shed(s)
  • Patio And Porch Features: Deck, Patio, Porch
  • Roof: Metal, Shingle
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 10.0
  • Parking Features: 21+ Spaces, Paved, On Site, Detached, Inside Entrance, Storage

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, 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: 594594.0
  • Parcel #: 89MainStBingham04920
  • Zoning: mixed

Multi Family

  • Number Of Units Total: 21
  • Annual Gross Income: 266000.0
  • Annual Operating Expense: 195000.0

Tax Info

  • Tax Annual Amount: 11075.0
  • Tax Lot: 3
  • Tax Year: 21

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Property History

Date Event Price List to Sale Price per Sq Ft
08/02/2022 08/02/22 Sold $450,000 0.0% $55 / Sq Ft
07/20/2022 07/20/22 Pending -- -- --
07/13/2022 07/13/22 For Sale $450,000 -- $55 / 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 $3,781 $356,670 $52,190 $304,480
2021 $4,556 $261,860 $34,560 $227,300
2020 $4,530 $261,860 $34,560 $227,300
2019 $4,268 $261,860 $34,560 $227,300
2018 $4,268 $261,860 $34,560 $227,300
2017 $4,190 $261,860 $34,560 $227,300
2016 $4,583 $261,860 $34,560 $227,300
2015 $5,394 $261,860 $34,560 $227,300
2014 $5,499 $261,860 $34,560 $227,300
2013 $5,290 $261,860 $34,560 $227,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1536264

Maine Listings

APN: BING-000011-000000-000003