NOT LISTED FOR SALE

9 North St Fairfield, ME 04937

Estimated Value: $278,989 - $301,000

-- Bed
5 Baths
2,823 Sq Ft
$101/Sq Ft Est. Value

Last Sold August 13, 2024

Last sale price $280,000 $99 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $1,746/month

Highlights

  • Corner Lot
  • Baseboard Heating
  • Carpet
  • No HOA

About This Home

As of August 2024

If you have been looking for an investment property this 5-unit investment property could be the next investment for your portfolio. Sellers have owned for almost 50 years and the property boasts a great rental history and cash flow. There is ample offsite parking with a large intown lot for all 5 one-bedroom units. This is a must see.

Last Agent to Sell the Property

Dana Michaud

Coldwell Banker Plourde Real Estate Listed on: 06/11/2024

Coldwell Banker Plourde Real Estate

Last Buyer's Agent

Dana Michaud

Coldwell Banker Plourde Real Estate Listed on: 06/11/2024

Coldwell Banker Plourde Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,229

Year Built

  • Built in 1895

Lot Details

  • 0.38 Acre Lot
  • Corner Lot

Home Design

  • Concrete Foundation
  • Block Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 5 Full Bathrooms
  • 2,823 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Vinyl

Basement

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

Parking

  • Driveway
  • Paved Parking

Location

  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Natural Gas Not Available

Listing and Financial Details

  • Tax Lot 003
  • Assessor Parcel Number FAID-000020-000000-000003

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Operating Expense $14,016
  • Gross Income $51,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,229

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.38
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Heading North on I-95 take exit 132 toward Fairfield/Benton. Travel .9 miles ant take a left onto North St, after 350 feet the property will be on your left.
  • Above Grade Finished Sq Ft: 2823.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1895
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.38
  • Property Information:Total Baths: 5.0
  • Property Information:SqFt Finished Above Grade: 2823.0
  • 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 Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Exterior:Vinyl Siding: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 5
  • Foundation Materials:Stone: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 51900.0
  • Income Expenses Operating Expenses: 14015.69
  • Style:Multi-Level: Yes
  • Foundation Materials:Block3: Yes
  • Basement Entry:Exterior Only: Yes
  • Building Info:_pound_ Floors3: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Bulkhead, Full, Exterior Only
  • Full Bathrooms: 5
  • Flooring: Vinyl, Carpet
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Corner Lot, Intown
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Block, Stone, Concrete Perimeter
  • Roof: Shingle

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 16552.8
  • Parcel #: FAID-000020-000000-000003
  • Zoning: Rural

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 51900.0
  • Annual Operating Expense: 14015.69

Tax Info

  • Tax Annual Amount: 2229.0
  • Tax Book Number: 3728
  • Tax Lot: 003
  • Tax Map Number: 20
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2024
Closed on
Aug 13, 2024
Sold by
D K & Linda M Thorpe Ret and Thorpe
Bought by
Gordan Bryan A
Seller's Agent
Dana Michaud
Coldwell Banker Plourde Real Estate
Buyer's Agent
Dana Michaud
Coldwell Banker Plourde Real Estate
List Price
$280,000
Sold Price
$280,000
Views
3
Current Estimated Value
$285,497

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,497
Avg. Annual Appreciation
1.92%
Original Mortgage
$285,000
Outstanding Balance
$282,328
Interest Rate
6.95%
Mortgage Type
Commercial
Estimated Equity
$3,169

Purchase Details

Listed on
Jun 11, 2024
Closed on
Jul 22, 2024
Sold by
St Pierre Chad and Drouin Jaime
Bought by
D K & Linda M Thorpe Ret and Thorpe
Seller's Agent
Dana Michaud
Coldwell Banker Plourde Real Estate
Buyer's Agent
Dana Michaud
Coldwell Banker Plourde Real Estate
List Price
$280,000
Sold Price
$280,000
Views
3

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Outstanding Balance
$282,328
Interest Rate
6.95%
Mortgage Type
Commercial
Estimated Equity
$3,169

Purchase Details

Closed on
Aug 17, 2006
Sold by
Thorpe Douglas K
Bought by
Douglas & Linda Thorpe Ret
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
Gordan Bryan A $280,000 None Available
Gordan Bryan A $280,000 None Available
D K & Linda M Thorpe Ret -- None Available
D K & Linda M Thorpe Ret -- None Available
Douglas & Linda Thorpe Ret -- --
Douglas & Linda Thorpe Ret -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gordan Bryan A $285,000
Closed Gordan Bryan A $285,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2024 08/13/24 Sold $280,000 0.0% $99 / Sq Ft
06/12/2024 06/12/24 Pending -- -- --
06/11/2024 06/11/24 For Sale $280,000 -- $99 / 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
2023 $2,281 $106,100 $20,200 $85,900
2022 $2,228 $106,100 $20,200 $85,900
2021 $2,334 $106,100 $20,200 $85,900
2020 $1,802 $106,100 $20,200 $85,900
2019 $2,367 $106,100 $20,200 $85,900
2018 $2,419 $106,100 $20,200 $85,900
2017 $2,419 $106,100 $20,200 $85,900
2016 $2,377 $106,100 $20,200 $85,900
2015 $2,302 $106,100 $20,200 $85,900
2014 $2,149 $106,100 $20,200 $85,900
2013 $2,149 $106,100 $20,200 $85,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1592934

Maine Listings

APN: FAID-000020-000000-000003