NOT LISTED FOR SALE

Estimated Value: $349,000 - $425,000

-- Bed
3 Baths
2,755 Sq Ft
$140/Sq Ft Est. Value

Last Sold November 14, 2016

Last sale price $130,000 $47 Per Sq Ft

Est. 197% increase in value since last sale

Current estimated payment $2,420/month

98 Days on Market

Highlights

  • Barn
  • New Englander Architecture
  • Attic
  • Scenic Views
  • Main Floor Bedroom
  • Corner Lot

About This Home

As of November 2016

3-unit proudly owned for years and situated on nice .55 acre lot offers 2 units with 5 rooms & 3 bedrooms in each and a 1- 2 bedroom unit on the 3rd floor. There is ample parking, lots of storage areas, updated windows, updated heating, circuit breakers and roof shingles in 2011 as well as and new siding and windows in 2016. There is a laundry hook-up in each unit, plenty of off road parking, a large barn, and 1 car garage with plenty of storage. This property is in a great in-town location & close amenities.

Last Agent to Sell the Property

Pat Long-Cressey

Fontaine Family-The Real Estate Leader Listed on: 06/16/2016

Last Buyer's Agent

Linda Davis

Better Homes & Gardens Real Estate/The Masiello Group

Better Homes & Gardens Real Estate/The Masiello Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,259

Year Built

  • Built in 1849

Lot Details

  • 0.55 Acre Lot
  • Rural Setting
  • Corner Lot
  • Level Lot
  • Open Lot

Property Views

  • Scenic Vista
  • Woods

Home Design

  • New Englander Architecture
  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 2,755 Sq Ft Home
  • 3-Story Property
  • Attic

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 3 Full Bathrooms
  • Bathtub

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Sump Pump

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking
  • Off-Street Parking

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Internet Available
  • Cable TV Available

Additional Features

  • Porch
  • Barn

Listing and Financial Details

  • Tax Lot 88
  • Assessor Parcel Number 9Bates StreetMechanic1888

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $10,139
  • Gross Income $23,160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,259

Year Built

Built in 1849

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.55
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: At the start of Minot Avenue in Auburn (121-South)and go 7.4 miles-Sharp right at light at intersection in Mechanic Falls onto North Main Street-1st right on Water Street-2nd left onto Bates Street.
  • Above Grade Finished Sq Ft: 2755.0
  • Architectural Style: Multi-Level, New Englander
  • Building Stories: 3
  • Year Built: 1849
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.55
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2755.0
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Site:Open: 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:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Amenities:Storage: Yes
  • Exterior:Vinyl Siding: Yes
  • Amenities:Laundry - Hookup: Yes
  • Basement:Unfinished: Yes
  • Roof:Metal: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 23160.0
  • Income Expenses Operating Expenses: 10138.83
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Amenities:Bathtub: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Roof:Pitched: Yes
  • Parking:Paved3: Yes
  • Amenities:Attic: Yes
  • Location:Rural: Yes
  • View:TreesWoods: Yes
  • Equipment:Internet Access Available: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Equipment:Cable: Yes
  • View:Scenic: Yes
  • Basement:Sump Pump: Yes
  • Foundation Materials:Granite2: Yes
  • Style:New Englander: Yes
  • Building Info:_pound_ Floors3: 3
  • Other Structures Barn2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Full, Sump Pump, Exterior Entry, Bulkhead, Unfinished
  • Full Bathrooms: 3
  • Fireplace: No
  • Flooring: Vinyl, Laminate, Carpet
  • Interior Amenities: 1st Floor Bedroom, Attic, Bathtub, Storage
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Corner Lot, Level, Open Lot, Neighborhood, Rural
  • View: Trees/Woods, Scenic
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Stone, Granite, Brick/Mortar
  • Other Structures: Barn
  • Patio And Porch Features: Porch
  • Roof: Metal, Pitched, Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Paved, On Site, Off Street

Utilities

  • Laundry Features: Laundry - 1st Floor, Upper Level, Main Level, Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 23958.0
  • Parcel #: 9Bates StreetMechanic1888
  • Zoning: rural residential

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 23160.0
  • Annual Operating Expense: 10138.83

Tax Info

  • Tax Annual Amount: 2259.0
  • Tax Book Number: 2278
  • Tax Lot: 88
  • Tax Map Number: 18
  • Tax Year: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2016
Closed on
Nov 15, 2016
Sold by
C & N Assoc
Bought by
Allen Emily
Seller's Agent
Pat Long-Cressey
Fontaine Family-The Real Estate Leader
Buyer's Agent
Linda Davis
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$140,000
Sold Price
$130,000
Premium/Discount to List
-$10,000
-7.14%
Current Estimated Value
$386,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$256,500
Avg. Annual Appreciation
13.07%
Original Mortgage
$127,645
Interest Rate
3.12%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Allen Emily -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Allen Emily $127,645
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2016 11/14/16 Sold $130,000 -7.1% $47 / Sq Ft
09/23/2016 09/23/16 Pending -- -- --
06/16/2016 06/16/16 For Sale $140,000 -- $51 / 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 $4,353 $282,635 $45,992 $236,643
2023 $3,957 $282,635 $45,992 $236,643
2022 $2,348 $105,538 $22,651 $82,887
2021 $2,280 $105,538 $22,651 $82,887
2020 $2,264 $105,538 $22,651 $82,887
2019 $2,211 $105,538 $22,651 $82,887
2018 $2,301 $105,538 $22,651 $82,887
2017 $2,322 $105,538 $22,651 $82,887
2016 $2,250 $105,538 $22,651 $82,887
2015 $2,259 $105,538 $22,651 $82,887
2014 $2,237 $105,538 $22,651 $82,887
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1269764

Maine Listings

APN: MECH-000018-000000-000088