$675,000
SOLD SEP 10, 2024
-- Bed
4 Baths
2,016 Sq Ft
2.8 Acres

Recently Sold

$335 Per Sq Ft

3% Below List Price

19 Days on Market

Highlights

  • Public Beach
  • Deck
  • Wood Flooring
  • 2.8 Acre Lot
  • Wooded Lot
  • No HOA

About This Home

As of September 2024

Extremely rare offering in Kennebunk! Pristine Duplex each unit offering 2 bedrooms and 1.5 baths sited on 2.8 acres. Built in 2023 with efficiency in mind. Heat pumps, quartz counters, stainless appliances, hardwood floors in common areas, tile in baths, and carpet in bedrooms. Unit 1 is renting for $2,265/m which is below market value. Fair value is between $2,700-$3,000/m. Both units are on separate utilities to include the water supply. Unit 2 is vacant so the new owner will have the option to rent it at fair market value. This is the perfect investment opportunity providing the right amount of cash flow to be self-sustaining and predictable. It's also an ideal candidate to be owner occupied. Live in one unit and have the other help pay the mortgage. This being new construction, the new owner will have the luxury of not having to budget for the dreaded deferred maintenance typical of older multi-units. Located close to everything Kennebunk has to offer. Schools, Turnpike Exit, Town Center, and Beaches. Must be seen!!

Last Agent to Sell the Property

Jeffrey Rioux

Portside Real Estate Group

Last Buyer's Agent

Nola Cady

RE/MAX Realty One

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,781

Year Built

  • Built in 2023

Lot Details

  • 2.8 Acre Lot
  • Property fronts a private road
  • Public Beach
  • Level Lot
  • Open Lot
  • Wooded Lot

Home Design

  • 2,016 Sq Ft Home
  • Duplex
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Flooring

  • Wood
  • Carpet
  • Tile

Unfinished Basement

  • Exterior Basement Entry
  • Sump Pump
  • Crawl Space

Parking

  • Gravel Driveway
  • On-Site Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Natural Gas Not Available
  • Private Water Source
  • Well
  • Electric Water Heater
  • Septic System
  • Septic Design Available
  • Private Sewer
  • Internet Available
  • Cable TV Available

Additional Features

  • Deck
  • Property is near a golf course

Listing and Financial Details

  • Tax Lot 002
  • Assessor Parcel Number KENB-000041-000000-000002

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $9,000
  • Gross Income $52,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,781

Year Built

Built in 2023

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 2.8
  • Road Frontage Type: Private
  • MLS Status: Closed
  • Directions: From Rt. 1 heading south, Right on Ross Rd., Right on Alder Lane. From Turnpike Exit, Left on Fletcher St., Left on Ross Rd., Alder Lane on Left.
  • Above Grade Finished Sq Ft: 2016.0
  • Architectural Style: Duplex
  • Garage Yn: No
  • Year Built: 2023
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 2.8
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 2016.0
  • Property Information:Garage: No
  • 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
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Roads:Private: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Cooling:Heat Pump3: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Income Expenses Gross Income: 52800.0
  • Income Expenses Operating Expenses: 9000.0
  • Parking:On Site2: Yes
  • Location:Near Public Beach: Yes
  • Basement:Crawl Space: Yes
  • Sewer:Private Sewer: Yes
  • Style:Duplex: Yes
  • Water:Private2: Yes
  • Driveway:Gravel: Yes
  • Site:Wooded: Yes
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Sewer:Septic Design Available: Yes
  • Equipment:Cable: Yes
  • Water Heater:Tank: Yes
  • Basement:Sump Pump: Yes
  • Special Features: 4098
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Bulkhead, Crawl Space, Sump Pump, Exterior Entry, Unfinished
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Flooring: Wood, Tile, Carpet

Exterior Features

  • Lot Features: Level, Open Lot, Right of Way, Wooded, Near Golf Course, Near Public Beach, Near Shopping, Near Turnpike/Interstate, Near Town
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Gravel, On Site

Utilities

  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer, Septic Design Available, Septic Existing on Site
  • Utilities: Utilities On, Pole
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 121968.0
  • Parcel #: KENB-000041-000000-000002
  • Zoning: 006

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 52800.0
  • Annual Operating Expense: 9000.0

Tax Info

  • Tax Annual Amount: 4781.0
  • Tax Book Number: 19165
  • Tax Lot: 002
  • Tax Map Number: 041
  • Tax Year: 2023

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2024 09/10/24 Sold $675,000 -3.4% $335 / Sq Ft
08/01/2024 08/01/24 Pending -- -- --
07/12/2024 07/12/24 For Sale $699,000 -- $347 / 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 $5,049 $297,900 $0 $0
2023 $4,781 $297,900 $135,500 $162,400
2022 $199 $13,600 $13,600 $0
2021 $194 $13,600 $13,600 $0
2020 $192 $13,600 $13,600 $0
2019 $187 $13,600 $13,600 $0
2018 $179 $10,200 $10,200 $0
2017 $169 $10,200 $10,200 $0
2016 $162 $10,200 $10,200 $0
2015 $156 $10,200 $10,200 $0
2014 $152 $10,200 $10,200 $0
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $5,400,000 Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Source: Maine Listings

MLS Number: 1596115

Maine Listings

APN: KENB-000041-000000-000002