1 Summer Street
1 Summer Street
Freeport, ME 04032
$875,000
Price
7
Beds
6
Baths
1
1/2 Bath
2,975 Sq. Ft.
$294 / Sq. Ft.
2,975
Sq. Ft.
$294
per Sq. Ft.
Open: 5/7 10:00AM - 11:00AM
Open: 5/7 10:00AM - 11:00AM
Description
Can't find a house? Start with a multi-family. Did you know that there is a new 5% down loan available to first time multi-family buyers? This 4-family in the Freeport Village is a great opportunity for an owner occupant or long term investor. Once a Bed and Breakfast, the cozy units are now used as traditional year-round rentals. In addition to the outstanding location and walkability, the units have a funky charm which makes for comfortable homes for the residents. The building features ample parking,...Can't find a house? Start with a multi-family. Did you know that there is a new 5% down loan available to first time multi-family buyers? This 4-family in the Freeport Village is a great opportunity for an owner occupant or long term investor. Once a Bed and Breakfast, the cozy units are now used as traditional year-round rentals. In addition to the outstanding location and walkability, the units have a funky charm which makes for comfortable homes for the residents. The building features ample parking, a shared laundry room, front and rear porches, and two new heating systems. The largest of the units has 3 bedrooms and 2.5 bathrooms with a private front porch. Also on the first floor you'll find a spacious 1 bedroom unit with floor-to-ceiling picture windows overlooking the backyard. The second floor has a 2 bedroom 2 bathroom unit along with a studio which could be combined with another unit, or utilized as a separate office, artist's space or any other number of uses. 1 Summer Street is ideally located for short or long term tenants with convenient access to the retail outlet shops, breweries and restaurants, and coffee and chocolate shops - all the freeport village has to offer.
- Listed by Briton Vitalius • Vitalius Real Estate Group, LLC
- Listed by Christopher Sullivan • Vitalius Real Estate Group, LLC
Property Details for 1 Summer Street
Waterfront
No
ArchitecturalStyleMulti-Level
GarageNo
ZoningVillage Commercial
Open Houses
Location
Listing Courtesy of Vitalius Real Estate Group, LLC
Add your commute
LISTING UPDATED: 05/03/2024 11:50 AM
Property Details for 1 Summer Street
| Status | Active |
|---|---|
| MLS # | 1585085 |
| Days on Market | 33 |
| Taxes | $7,815 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family |
| Year Built | 1910 |
| Lot Size | 0.64 AC / 27,878 SF |
| County | Cumberland County |
Location
Listing Courtesy of Vitalius Real Estate Group, LLC
Add your commute
Building Information for 1 Summer Street
Stories-Residences4Year Built1910Building Size-Lot Size0.64 AC / 27,878 SF
Payment Calculator
$5,426 per month
30 year fixed, 7.25% Interest
Principal and Interest
$4,775
Property Taxes
$651
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 1 Summer Street
Summary
Location and General Information
- Road Surface Type: Paved
- Zip Code: 1133
- Town: Freeport
- State/Province: ME
- Zip Code: 04032
- County: Cumberland
- Geo Latitude: 43.853246
- Geo Longitude: -70.109236
- Tax Lot: 0
- Site:Open: Yes
- Location:Near Shopping: Yes
- Location:Near Town: Yes
- Location:Near Turnpike/Interstate: Yes
Parking
- Parking Features: 5 - 10 Spaces, Gravel
- Attached Garage: No
Taxes and HOA Information
- Tax Book Number: 33693
- Tax Block: 6D
- Tax Map Number: 9
- Tax Year: 2024
- Parcel Number: FPRT-000009-000006-D000000
- Location Information:Association Y/N: No
- Tax Annual Amount: $7,815.00
Property
Heating and Cooling
- Water Heater:Electric: Yes
- Water Heater:Off Heating System: Yes
Lot Information
- SqFt Finished Below Grade: 0.0
- SqFt Finished Above Grade: 2975.0
- Lot Size Acres: 0.64
- Source of Acreage: Public Records
- Building Area Total: 2975.0
- Lot Size Area: 0.64
- Lot Size Units: Acres
- Lot Size Square Feet: 27878.4
- Bathrooms Full: 6
- Bathrooms Half: 1
- Street Number: 1
- Property Information:Surveyed: No
- Property Information:Seasonal: No
- Property Information:Total Half Baths: 1.00
Parking
- Driveway:Gravel: Yes
Property and Assessments
- Sign on Property: Yes
- Documents Available: Lead Paint Addendum Public Access, Deed Public Access, Property Disclosure Public Access
- Leased Land: No
- Property Type: Multi-Family
- Property Type Label: Multi-Family
- Year Built: 1910
Utilities
- Electric: Circuit Breakers
- Sewer: Yes
- Water Source: Public
- Utilities:Utilities On: Yes
- Gas:Bottled: Yes
Interior and Exterior Features
Exterior Features
- Construction Materials: Wood Siding, Wood Frame
- Vehicle Storage:No Vehicle Storage: Yes
- Roof: Shingle
Interior Features
- Basement: Full, Interior Entry, Unfinished
- Flooring: Wood
- Cooling: None
- Heating: Baseboard
- Bathrooms Total (Integer): 7
- Bathrooms Total (Decimal): 6.50
- Bathrooms Total (Notational): 6.10
- Cooling YN: No
- Heating YN: Yes
Multi Family
Income & Expenses Information
- Gross Income: $85,572.00
- Operating Expenses: $27,335.00
Multi-Family Information
- Number of Units: 4
Unit 1
- Unit 1:Lease: Yes
- Unit 1:Level: First
- Unit 1:Security Deposit: Yes
- Unit 1:Monthly Rent: $1,900.00
- Unit 1:# Full Baths: 2.00
- Unit 1:# of Half Baths: 1.00
- Unit 1:# of Rooms: 5.00
- Unit 1:# of Bedrooms: 3.00
- Unit 1:Dedicated Electric Meter: No
- Unit 1:Dedicated Gas Meter: No
- Unit 1:Dedicated Water Heater: No
- Unit 1:Electric: Yes
- Unit 1:Heat: Yes
- Unit 1:Range: Yes
- Unit 1:Refrigerator: Yes
- Unit 1:Sewer: Yes
- Unit 1:Water: Yes
Unit 2
- Unit 2:Lease: Yes
- Unit 2:Level: First
- Unit 2:Security Deposit: Yes
- Unit 2:Monthly Rent: $1,170.00
- Unit 2:# Full Baths: 1.00
- Unit 2:# Half Baths: .00
- Unit 2:# of Rooms: 2.00
- Unit 2:# of Bedrooms: 1.00
- Unit 2:Dedicated Electric Meter: No
- Unit 2:Dedicated Gas Meter: No
- Unit 2:Dedicated Water Heater: No
- Unit 2:Electric: Yes
- Unit 2:Heat: Yes
- Unit 2:Range: Yes
- Unit 2:Refrigerator: Yes
- Unit 2:Sewer: Yes
- Unit 2:Water: Yes
Unit 3
- Unit 3:Lease: Yes
- Unit 3:Level: First
- Unit 3:Security Deposit: Yes
- Unit 3:Monthly Rent: $1,425.00
- Unit 3:# Full Baths: 1.00
- Unit 3:# Half Baths: .00
- Unit 3:# of Rooms: 3.00
- Unit 3:# of Bedrooms: 1.00
- Unit 3:Dedicated Electric Meter: No
- Unit 3:Dedicated Gas Meter: No
- Unit 3:Dedicated Water Heater: No
- Unit 3:Electric: Yes
- Unit 3:Heat: Yes
- Unit 3:Range: Yes
- Unit 3:Refrigerator: Yes
- Unit 3:Sewer: Yes
- Unit 3:Water: Yes
Unit 4
- Unit 4:Lease: Yes
- Unit 4:Level: Second
- Unit 4:Security Deposit: Yes
- Unit 4:Monthly Rent: $1,586.00
- Unit 4:# Full Baths: 2.00
- Unit 4:# Half Baths: .00
- Unit 4:# of Rooms: 4.00
- Unit 4:# of Bedrooms: 2.00
- Unit 4:Dedicated Electric Meter: No
- Unit 4:Dedicated Gas Meter: No
- Unit 4:Dedicated Water Heater: No
- Unit 4:Electric: Yes
- Unit 4:Heat: Yes
- Unit 4:Range: Yes
- Unit 4:Refrigerator: Yes
- Unit 4:Water: Yes
Unit Information
- Units:# of 1 BD Units: 2
- Units:# of 2 BD Units: 1
- Units:# of 3 BD Units: 1
- Units:# of 4+ BD Units: 0
Property History for 1 Summer Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1 Summer Street
Taxable ValueLand$253,500Additions$314,900Total$568,400
Tax Record2023$7,816 ($651 / month)
Home Facts
Baths5Total Finished SqFt2,975 SqFtAbove Grade Finished SqFt2,975 SqFtUnfinished Basement SqFt1,056 SqFtStories2Lot Size27,878 SqFtStyleMulti-Family Dwelling (2-4)Year Built1910Zoning850CountyCUMBERLANDAPNFPRT M:9 B:6 L:D U:0
Schools near 1 Summer Street
This home is within Regional School Unit 05.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 2 | |||
| Public - | 3 to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Morse Street School PublicPK to 2 | ||
Mast Landing School Public3 to 5 | ||
Freeport Middle School Public6 to 8 | ||
Freeport High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.
Homes for Sale near Freeport
Neighborhoods
Cities
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Vitalius Real Estate Group, LLC
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.
