NOT LISTED FOR SALE

9 Troy Ln Bridgton, ME 04009

-- Bed
12 Baths
9,744 Sq Ft
11.37 Acres

Last Sold September 29, 2017

Last sale price $807,000 $83 Per Sq Ft

19 Days on Market

Highlights

  • Nearby Water Access
  • Colonial Architecture
  • Wooded Lot
  • 11.37 Acre Lot
  • Deck
  • Wood Flooring

About This Home

As of September 2017

Modern 12 unit apartment complex in Western Maine. Excellent numbers including a cap rate of 9.8%. Professional management in place. Sloped site has some views of Pleasant Mountain/Shawnee Peak. Property is split into 2 lots with 3 separate 4 unit buildings. All units are spacious 2 bedroom layouts. Many recent updates include deck & stair system, 6 new kitchens, stainless appliances, heating system, 2 new leach fields, etc. Possible condo conversion.

Last Agent to Sell the Property

Jeffrey Davis

Town & Shore Real Estate Listed on: 07/20/2017

Last Buyer's Agent

Constance Eldridge

Pine Tree Realty of Maine

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,520

Year Built

  • Built in 1988

Lot Details

  • 11.37 Acre Lot
  • Rural Setting
  • Open Lot
  • Lot Has A Rolling Slope
  • Wooded Lot

Home Design

  • Colonial Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 12 Full Bathrooms
  • 9,744 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Parking

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

Outdoor Features

  • Nearby Water Access
  • River Nearby
  • Deck

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Propane
  • Baseboard Heating
  • Hot Water Heating System
  • Private Water Source
  • Well
  • Septic System
  • Private Sewer
  • Internet Available

Listing and Financial Details

  • Tax Lot 032
  • Assessor Parcel Number Town of Bridgton

Community Details

Overview

  • No Home Owners Association
  • 12 Units

Amenities

  • Coin Laundry

Building Details

  • Operating Expense $39,382
  • Gross Income $119,220

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,520

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 11.37
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Route 302 North through town of Bridgton. Cross Moose Pond, take right onto Kights Hill Road to right on Troy Lane to the Shawney Woods Apartments.
  • Above Grade Finished Sq Ft: 9744.0
  • Architectural Style: Colonial, Multi-Level, Other Style
  • Building Stories: 2
  • Year Built: 1988
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 82.82
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 11.37
  • Property Information:Total Baths: 12.0
  • Property Information:SqFt Finished Above Grade: 9744.0
  • 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:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Propane: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Driveway:Paved2: Yes
  • Exterior:Vinyl Siding: Yes
  • Property Information:Number of Units: 12
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 119220.0
  • Income Expenses Operating Expenses: 39382.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Style:Colonial: Yes
  • Sewer:Private Sewer: Yes
  • Parking:Paved3: Yes
  • Recreational Water:Nearby: Yes
  • Recreational Water:RiverBrookStream: Yes
  • Basement:Slab2: Yes
  • Location:Rural: Yes
  • Water:Private2: Yes
  • Site:Wooded: Yes
  • Equipment:Internet Access Available: Yes
  • Site:RollingSloping: Yes
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Property Information:Bank Owned REO: No
  • Building Info:_pound_ Floors3: 2
  • Amenities:Laundry - Coin: Yes
  • Advertising Remarks:Advertising Remarks: Modern 12 unit apartment complex in Western Maine. Excellent numbers including a cap rate of 9.8%. Professional management in place. Sloped site has some views of Pleasant Mountain/Shawnee Peak. Property is split into 2 lots with 3 separate 4 unit buildings. All units are spacious 2 bedroom layouts. Many recent updates include deck & stair system, 6 new kitchens, stainless appliances, heating system, 2 new leach fields, etc. Possible condo conversion.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: None, Not Applicable
  • Full Bathrooms: 12
  • Fireplace: No
  • Flooring: Wood, Vinyl, Tile, Carpet
  • Stories: 2

Exterior Features

  • Lot Features: Open Lot, Rolling Slope, Wooded, Rural
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Slab
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved, On Site, Off Street

Utilities

  • Laundry Features: Laundry - Coin
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Hot Water, Forced Air, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer, Septic Existing on Site
  • Utilities: Utilities On
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 495277.2
  • Parcel #: Town of Bridgton
  • Zoning: R001

Multi Family

  • Number Of Units Total: 12
  • Annual Gross Income: 119220.0
  • Annual Operating Expense: 39382.0

Tax Info

  • Tax Annual Amount: 8520.0
  • Tax Lot: 032
  • Tax Year: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2017
Closed on
Oct 2, 2017
Sold by
Duffy Landvest Llc
Bought by
Alden James N and Alden Lori A
Seller's Agent
Jeffrey Davis
Town & Shore Real Estate
Buyer's Agent
Constance Eldridge
Pine Tree Realty of Maine
List Price
$814,900
Sold Price
$807,000
Premium/Discount to List
-$7,900
-0.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$605,250
Outstanding Balance
$504,078
Interest Rate
3.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Aug 19, 2013
Closed on
Nov 25, 2013
Sold by
Surrette Donald
Bought by
Duffy Landvest Llc
Seller's Agent
Jeffrey Davis
Town & Shore Real Estate
Buyer's Agent
Bernadette McIver
The Lakes Real Estate
List Price
$550,000
Sold Price
$508,000
Premium/Discount to List
-$42,000
-7.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.77%
Original Mortgage
$355,600
Interest Rate
4.25%
Mortgage Type
New Conventional
Source: Public Records

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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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
Alden James N -- --
Duffy Landvest Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alden James N $605,250
Previous Owner Duffy Landvest Llc $355,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/29/2017 09/29/17 Sold $807,000 -1.0% $83 / Sq Ft
08/09/2017 08/09/17 Pending -- -- --
07/20/2017 07/20/17 For Sale $814,900 +60.4% $84 / Sq Ft
11/22/2013 11/22/13 Sold $508,000 -7.6% $52 / Sq Ft View Prior Sale
09/10/2013 09/10/13 Pending -- -- --
08/21/2013 08/21/13 For Sale $550,000 -- $56 / 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 $3,653 $214,270 $81,000 $133,270
2023 $3,685 $214,270 $81,000 $133,270
2022 $3,257 $214,270 $81,000 $133,270
2021 $3,171 $214,270 $81,000 $133,270
2020 $3,203 $214,270 $81,000 $133,270
2019 $3,214 $214,270 $81,000 $133,270
2018 $3,171 $214,270 $81,000 $133,270
2017 $3,278 $214,270 $81,000 $133,270
2016 $3,182 $214,270 $81,000 $133,270
2015 $2,600 $189,100 $73,000 $116,100
2014 $2,659 $189,100 $73,000 $116,100
Source: Public Records

Agents Affiliated with this Home

  • Jeffrey Davis

    Seller's Agent in 2017

    Jeffrey Davis

    Town & Shore Real Estate

    (207) 233-9423

    147 Total Sales

    Jeffrey Davis
    Section Image
  • Constance Eldridge

    Buyer's Agent in 2017

    Constance Eldridge

    Pine Tree Realty of Maine

    (207) 831-0890

    16 in this area

    82 Total Sales

    Constance Eldridge
    Section Image
  • Bernadette McIver

    Buyer's Agent in 2013

    Bernadette McIver

    The Lakes Real Estate

    (207) 653-5366

    32 in this area

    89 Total Sales

    Bernadette McIver
    Section Image
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Map

Source: Maine Listings

MLS Number: 1318145

Maine Listings

APN: BRGT-000012-000000-000032

Maine Cumberland County Bridgton 04009

9 Troy Ln, Bridgton, ME

Not Listed for Sale

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