Closed

$525,000

319 Belmont Avenue, Belfast, ME 04915

8beds

4,622sqft

Multi Family

Built in 1900

-- sqft lot

$595,200 Zestimate^®

$114/sqft

$1,743 Estimated rent

Home value

$595,200

$536,000 - $655,000

$1,743/mo

Zestimate^® history

Owner options

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$1,743/mo

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$1,743/mo

Rent Zestimate^®

Refinance and save

$3,365/mo

Est. payment

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$3,365/mo

Est. payment

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What's special

Here is a 5 Unit Building in Beautiful Belfast, Maine, with views of the ocean. The units have been nicely maintained. Tenants can take advantage of the views and the proximity, being located only 3 miles and a quick 5 minutes to the downtown. Located in more of a rural setting, there is a lovely equestrian farm across the street and a 40 acre homestead, continuously maintaining the fields surrounding this property. Peaceful surroundings with views of the water from the outside and from a couple units facing East. The current owners appreciate 100% occupancy since their ownership. Good stewards of the property, the building now boasts new metal roofing, (shingles on the attached barn), entire building offers vinyl siding, paved driveway and parking area, clean and neat surroundings, all make this the acquisition to be your next investment property for your portfolio.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 5
Full bathrooms: 5

Heating

Baseboard, Hot Water, Zoned

Cooling

None

Features

Flooring: Laminate, Vinyl, Wood
Basement: Bulkhead,Partial,Sump Pump,Unfinished

Interior area

Total structure area: 4,622
Total interior livable area: 4,622 sqft
Finished area above ground: 4,622
Finished area below ground: 0

Property

Parking

Parking features: Paved, 5 - 10 Spaces, On Site
Has garage: Yes

Features

Stories: 2
Has view: Yes
View description: Fields, Mountain(s), Scenic
Body of water: Penobscot Bay

Lot

Size: 2.02 Acres
Features: Near Shopping, Level, Open Lot

Details

Additional structures: Barn(s)
Parcel number: BELFM002L047
Zoning: RA1
Other equipment: Cable, Internet Access Available

Construction

Type & style

Home type: MultiFamily
Architectural style: New Englander
Property subtype: Multi Family

Materials

Wood Frame, Vinyl Siding
Foundation: Stone
Roof: Metal

Condition

Year built: 1900

Utilities & green energy

Electric: Circuit Breakers
Sewer: Septic Tank
Water: Private, Well
Utilities for property: Utilities On

Community & HOA

Location

Region: Belfast

Financial & listing details

Price per square foot: $114/sqft
Tax assessed value: $534,100
Annual tax amount: $7,265
Date on market: 10/31/2023
Road surface type: Paved

Price history

Date	Event	Price
12/8/2023	Sold	$525,000$114/sqft
Source: Maine Listings #1576285 Report a problem
11/21/2023	Pending sale	$525,000$114/sqft
Source: Maine Listings #1576285 Report a problem
10/31/2023	Listed for sale	$525,000+660.9%$114/sqft
Source: Maine Listings #1576285 Report a problem
9/1/2020	Listing removed	$69,000$15/sqft
Source: Belfast Maine Real Estate #1432494 Report a problem
7/3/2020	Price change	$69,000-6.8%$15/sqft
Source: Belfast Maine Real Estate #1432494 Report a problem
5/19/2020	Price change	$74,000-6.3%$16/sqft
Source: Belfast Maine Real Estate #1432494 Report a problem
9/10/2019	Listed for sale	$79,000-75.7%$17/sqft
Source: Belfast Maine Real Estate #1432494 Report a problem
4/19/2019	Sold	$325,000+47.7%$70/sqft
Source: Maine Listings #1411288 Report a problem
4/16/2018	Sold	$220,000$48/sqft
Source: Maine Listings #1337862 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$8,225 +15.1%	$534,100 +50.2%
2023	$7,146 -1.6%	$355,500 +4.7%
2022	$7,265 -2.7%	$339,500
2021	$7,469 +1.6%	$339,500 +7.6%
2020	$7,349 +18.4%	$315,400 +16.3%
2019	$6,208 +0.9%	$271,100
2018	$6,154 +3.7%	$271,100
2017	$5,937 -4.2%	$271,100 +0.1%
2016	$6,199 +2.2%	$270,700
2015	$6,064 +3.5%	$270,700
2014	$5,861 +19.6%	$270,700
2011	$4,900	$270,700
2009	--	$270,700
2008	--	$270,700
2006	--	$270,700