NOT LISTED FOR SALE

98 E Main St Searsport, ME 04974

Estimated Value: $421,000 - $524,039

-- Bed
3.5 Baths
2,400 Sq Ft
$195/Sq Ft Est. Value

Last Sold August 22, 2023

Last sale price $420,000 $175 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,086/month

33 Days on Market

Highlights

  • Ocean Front
  • Cape Cod Architecture
  • No HOA
  • Nearby Water Access
  • Wood Flooring
  • 2 Car Direct Access Garage

About This Home

As of August 2023

Experience Water views, and the salty ocean air of Penobscot Bay at this 1850, renovated classic vintage cape, that has a 2 car garage with a very nice 1 bedroom, full bath w/tub, apartment with a separate electrical meter, which would be a great income generator or use it to house your guests. This apartment also has a water view! The main house has two full and a half bath, spacious living room that has a beautifully crafted mantle fireplace to cozy up next to! The maple kitchen is an upgrade and has plenty of storage and counter space. The rest of the main house has storage as well. Located a very short walking distance to downtown Searsport. Public access and landing to the shore is a short distance from this home as well as main street shopping, restaurants, and amenities of downtown. Enjoy this quaint city full of historic gems of Sea Captian's homesteads. New sidewalks are being put in with new street lighting and a major revitalization further beautifying the area. Opportunity awaits for that Mid Coast Dream in Maine!

Last Agent to Sell the Property

Chayann Colby

Maine Country and Coast Real Estate Listed on: 06/19/2023

Last Buyer's Agent

Hanna Steinberg

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,887

Year Built

  • Built in 1850

Lot Details

  • 0.33 Acre Lot
  • Ocean Front
  • Property Fronts a Bay or Harbor
  • Landscaped
  • Open Lot

Parking

  • 2 Car Direct Access Garage
  • Heated Garage
  • Driveway

Property Views

  • Water
  • Scenic Vista

Home Design

  • Cape Cod Architecture
  • Stone Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,400 Sq Ft Home
  • 1-Story Property
  • Laundry on main level

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • In-Law or Guest Suite
  • Shower Only

Unfinished Basement

  • Interior and Exterior Basement Entry
  • Crawl Space

Outdoor Features

  • Nearby Water Access
  • Enclosed Glass Porch

Location

  • City Lot

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Heating System Uses Wood
  • Baseboard Heating
  • Hot Water Heating System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 24
  • Assessor Parcel Number SEAP-000011-000000-000024

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $15,000
  • Gross Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,887

Year Built

Built in 1850

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.33
  • Road Surface Type: Paved
  • Water Body Name: Searsport Harbor, Penobscot Bay
  • Co List Office Mls Id: 2600
  • Co List Office Phone: 207-338-3344
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 2400.0
  • Architectural Style: Cape
  • Garage Yn: Yes
  • Year Built: 1850
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.33
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 2400.0
  • Property Information:Garage: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Style:Cape: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Property Information:Garage Spaces: 2.0
  • Foundation Materials:Slab: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Amenities:One-Floor Living: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Vehicle Storage:Direct Entry to Living: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:Stone: Yes
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 36000.0
  • Income Expenses Operating Expenses: 15000.0
  • Parking:On Site2: Yes
  • Basement:Crawl Space: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Roof:Pitched: Yes
  • Recreational Water:Nearby: Yes
  • Basement:Slab2: Yes
  • Heat Fuel:Wood2: Yes
  • Property Information:Deed Restrictions: Unknown
  • View:Scenic: Yes
  • Amenities:In-Law Apartment: Yes
  • Vehicle Storage:Heated: Yes
  • Patio and Porch Features:Glassed-in Porch: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Bulkhead, Crawl Space, Exterior Entry, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Flooring: Wood, Vinyl, Laminate, Carpet
  • Interior Amenities: 1st Floor Bedroom, In-Law Floorplan, One-Floor Living, Pantry, Shower

Exterior Features

  • Lot Features: Open Lot, Sidewalks, Landscaped, Intown, Near Shopping
  • View: Scenic
  • Waterfront Features: Bay, Harbor, Ocean
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Stone, Slab
  • Patio And Porch Features: Glass Enclosed
  • Roof: Pitched, Shingle

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: 1 - 4 Spaces, Paved, On Site, Inside Entrance, Heated Garage

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 14374.8
  • Parcel #: SEAP-000011-000000-000024
  • Zoning: Res

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 36000.0
  • Annual Operating Expense: 15000.0

Tax Info

  • Tax Annual Amount: 4887.0
  • Tax Book Number: 4887
  • Tax Lot: 24
  • Tax Map Number: 11
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2023
Closed on
Aug 22, 2023
Sold by
Jewett Timothy S and Jewett Gayle S
Bought by
Morris Laila E
Seller's Agent
Chayann Colby
Maine Country and Coast Real Estate
Buyer's Agent
Hanna Steinberg
Keller Williams Realty
List Price
$479,900
Sold Price
$420,000
Premium/Discount to List
-$59,900
-12.48%
Current Estimated Value
$471,341

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,341
Avg. Annual Appreciation
5.71%

Purchase Details

Listed on
Oct 22, 2022
Closed on
Feb 28, 2023
Sold by
Darres Esther A and Darres Maurice W
Bought by
Jewett Gayle S and Jewett Timothy S
Seller's Agent
Maurice Darres
Maine Country and Coast Real Estate
Buyer's Agent
Chayann Colby
Maine Country and Coast Real Estate
List Price
$499,900
Sold Price
$399,000
Premium/Discount to List
-$100,900
-20.18%
Views
15

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.28%
Original Mortgage
$319,200
Interest Rate
6.15%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Morris Laila E $420,000 None Available
Jewett Gayle S $399,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jewett Gayle S $319,200
Previous Owner Darres Maurice W $150,000
Previous Owner Feurtado Inez $247,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2023 08/22/23 Sold $420,000 -12.5% $175 / Sq Ft
07/22/2023 07/22/23 Pending -- -- --
06/19/2023 06/19/23 For Sale $479,900 +20.3% $200 / Sq Ft
02/28/2023 02/28/23 Sold $399,000 -11.1% $222 / Sq Ft
11/08/2022 11/08/22 Price Changed $449,000 -10.2% $249 / Sq Ft
10/22/2022 10/22/22 For Sale $499,900 +640.6% $278 / Sq Ft
04/23/2021 04/23/21 Sold $67,500 -3.6% $38 / Sq Ft
12/01/2020 12/01/20 Pending -- -- --
12/01/2020 12/01/20 For Sale $70,000 -- $39 / 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 $5,798 $253,200 $60,100 $193,100
2023 $5,115 $253,200 $60,100 $193,100
2022 $4,887 $253,200 $60,100 $193,100
2021 $4,785 $253,200 $60,100 $193,100
2020 $4,735 $253,200 $60,100 $193,100
2019 $4,684 $253,200 $60,100 $193,100
2018 $4,684 $253,200 $60,100 $193,100
2017 $3,949 $163,200 $36,000 $127,200
2016 $3,900 $163,200 $36,000 $127,200
2015 $3,868 $163,200 $36,000 $127,200
2014 $3,705 $163,200 $36,000 $127,200
2013 $3,509 $163,200 $36,000 $127,200
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Maine Listings

MLS Number: 1562550

Maine Listings

APN: SEAP-000011-000000-000024