NOT LISTED FOR SALE

93 and 95 Bridge Ave Madawaska, ME 04756

-- Bed
12 Baths
7,878 Sq Ft
0.33 Acres

Last Sold December 06, 2021

Last sale price $85,000 $11 Per Sq Ft

40 Days on Market

Highlights

  • Additional Residence on Property
  • 1 Fireplace
  • Baseboard Heating
  • Wood Flooring
  • No HOA
  • Open Lot

About This Home

As of December 2021

Here we have one listing which includes 3 separate buildings - 12 units and 1 Restaurant space. These buildings have lots of potential - hardwood floors located in most of units. All buildings had significant upgrades done in the early 90's to put them up to code, including furnace, electrical, plumbing, two layers of 1/2'' sheetrock on inside walls to help with noise and reinforcement. Insulation has been placed throughout the buildings to also help with noise. The smaller building located in the middle is heated with the boiler located at 95 Bridge Street via an underground system that is fully insulated. Decks were also all redone in the early 90's with pressure treated wood. They are all currently vacant and have been since 2006-2007. Water is turned off and they have not been heated since they were vacant. Building 93 has two apartments located on the second floor as well as one apartment on the main level and the main level also had a fully functional restaurant with some of the restaurant equipment still located inside the building. With some TLC and some updating, these buildings have lots of income potential. Make an appt to come see the possibilities for yourself.

Last Agent to Sell the Property

Mindy Braley

Fields Realty LLC Listed on: 09/23/2021

Last Buyer's Agent

Mindy Braley

NextHome Discover

NextHome Discover

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 0.33 Acre Lot
  • Open Lot

Parking

  • Gravel Driveway

Home Design

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

Interior Spaces

  • 12 Full Bathrooms
  • 3-Story Property
  • 1 Fireplace

Flooring

  • Wood
  • Carpet
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Crawl Space

Utilities

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

Additional Features

  • Additional Residence on Property
  • City Lot

Listing and Financial Details

  • Tax Lot 36-37-48
  • Assessor Parcel Number MADA-000004-000000-000036

Community Details

Overview

  • No Home Owners Association
  • 12 Units

Building Details

  • Operating Expense $1,975

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.33
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From Main Street - Bridge Street is located on the right when driving towards Fort Kent - these buildings are on the left almost immediately after turning onto Bridge Street.
  • Above Grade Finished Sq Ft: 7458.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1926
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.33
  • Property Information:Total Baths: 12.0
  • Property Information:SqFt Finished Above Grade: 7458.0
  • Property Information:SqFt Finished Below Grade: 420.0
  • Property Information:Garage: No
  • 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
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 12
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Operating Expenses: 1975.0
  • Style:Multi-Level: Yes
  • Basement:Crawl Space: Yes
  • Building Info:_pound_ Fireplaces3: 1
  • Driveway:Gravel: Yes
  • Water Heater:Oil2: Yes
  • Building Info:_pound_ Floors3: 3
  • Property Information 2 Detached Houses on 1 Lot: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Crawl Space, Full, Interior Entry, Unfinished
  • Full Bathrooms: 12
  • Below Grade Sq Ft: 420.0
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Wood, Vinyl, Carpet
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Open Lot, Sidewalks, Intown, Near Shopping
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Shingle

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 14374.8
  • Parcel #: MADA-000004-000000-000036
  • Zoning: Commercial

Multi Family

  • Number Of Units Total: 12
  • Annual Operating Expense: 1975.0

Tax Info

  • Tax Annual Amount: 2175.0
  • Tax Book Number: 1724
  • Tax Lot: 36-37-48
  • Tax Map Number: 4
  • Tax Year: 2020

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
12/06/2021 12/06/21 Sold $85,000 -14.9% $11 / Sq Ft
11/03/2021 11/03/21 Pending -- -- --
09/23/2021 09/23/21 For Sale $99,900 -- $13 / 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
2022 $905 $39,800 $5,200 $34,600
2021 $876 $39,800 $5,200 $34,600
2020 $909 $39,800 $5,200 $34,600
2019 $2,559 $110,300 $5,200 $105,100
2018 $2,228 $110,300 $5,200 $105,100
2017 $2,173 $110,300 $5,200 $105,100
2016 $2,063 $110,300 $5,200 $105,100
2015 $2,052 $110,300 $5,200 $105,100
2014 $1,919 $110,300 $5,200 $105,100
2013 $1,974 $110,300 $5,200 $105,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1509842

Maine Listings