NOT LISTED FOR SALE

1 Mechanic St Windham, ME 04062

Estimated Value: $478,730 - $591,000

7 Beds
2 Baths
2,144 Sq Ft
$243/Sq Ft Est. Value

Last Sold January 30, 2020

Last sale price $330,000 $154 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $3,122/month

4 Days on Market

Highlights

  • Corner Lot
  • Forced Air Heating System
  • Carpet
  • No HOA

About This Home

As of January 2020

Fully occupied, newly renovated, cash flowing 2 Unit. 2 3-bedroom units with recent updates, newer systems and roof. This property is a great turn key investment with fully occupied units and/or a good opportunity for owner occupied buyers, who would like to cover a good portion of their mortgage. Conveniently located to Windham, Gorham and the freeway.

Last Agent to Sell the Property

Michael Hamilton

Keller Williams Realty Listed on: 12/12/2019

Keller Williams Realty

Co-Listed By

Kevin Fletcher

Keller Williams Realty

Last Buyer's Agent

Steven Drew

Bean Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,698

Year Built

  • Built in 1900

Lot Details

  • 5,663 Sq Ft Lot
  • Corner Lot

Home Design

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

Interior Spaces

  • 2 Full Bathrooms
  • 2,144 Sq Ft Home
  • Multi-Level Property

Flooring

  • Carpet
  • Vinyl

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Parking

  • Gravel Driveway
  • Off-Street Parking

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Natural Gas Not Available

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Legal Lot and Block 40 / 40
  • Assessor Parcel Number WINM-000038-000000-000040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,698

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.13
  • Road Surface Type: Paved
  • Co List Office Phone: 207-879-9800
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 2144.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 151.59
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.13
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2144.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Exterior:Vinyl Siding: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Style:Multi-Level: Yes
  • Property Information:Short Sale Continue to Show: No
  • Driveway:Gravel: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Foundation Materials:Granite2: Yes
  • Advertising Remarks:Advertising Remarks: Fully occupied, newly renovated, cash flowing 2 Unit. 2 3-bedroom units with recent updates, newer systems and roof. This property is a great turn key investment with fully occupied units and/or a good opportunity for owner occupied buyers, who would like to cover a good portion of their mortgage. Conveniently located to Windham, Gorham and the freeway.
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Bulkhead, Full, Exterior Entry
  • Full Bathrooms: 2
  • Flooring: Vinyl, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Corner Lot, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Granite, Concrete Perimeter
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, 5 - 10 Spaces, Gravel, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: RSU 14

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5662.8
  • Parcel #: WINM-000038-000000-000040
  • Zoning: RES

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3698.0
  • Tax Block: 40
  • Tax Lot: 40
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2019
Closed on
Jan 30, 2020
Sold by
Bjb Realty Llc
Bought by
Jenson Justin N and Jenson Fabiola
Seller's Agent
Michael Hamilton
Keller Williams Realty
Buyer's Agent
Steven Drew
Bean Group
List Price
$325,000
Sold Price
$330,000
Premium/Discount to List
$5,000
1.54%
Current Estimated Value
$519,933

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,933
Avg. Annual Appreciation
7.95%
Original Mortgage
$324,022
Outstanding Balance
$287,442
Interest Rate
3.7%
Mortgage Type
FHA
Estimated Equity
$232,491

Purchase Details

Closed on
Aug 15, 2011
Sold by
Tbw Mtg Backed T and Us Bank N A
Bought by
Cummings James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,250
Interest Rate
4.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 3, 2011
Sold by
Oakes Kevin and Tbw Mortgage Backed T
Bought by
Tbw Mortgage Backed T and Us Bank Na Tr

Purchase Details

Closed on
Feb 18, 2011
Sold by
Oakes Kevin and Taylor Bean & Whitaker Mtg
Bought by
Us Bank Na and Tbw Mtg Backed Pass Throu
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Jenson Justin N -- None Available
Cummings James -- --
Tbw Mortgage Backed T -- --
Us Bank Na -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jenson Justin N $324,022
Previous Owner Cummings James $86,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/30/2020 01/30/20 Sold $330,000 +1.5% $154 / Sq Ft
12/17/2019 12/17/19 Pending -- -- --
12/12/2019 12/12/19 For Sale $325,000 -- $152 / 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 $4,830 $421,100 $91,700 $329,400
2023 $4,420 $394,600 $85,200 $309,400
2022 $4,074 $350,900 $75,400 $275,500
2021 $3,537 $280,700 $65,600 $215,100
2020 $3,789 $252,600 $57,500 $195,100
2019 $3,698 $252,600 $57,500 $195,100
2018 $3,403 $224,200 $51,800 $172,400
2017 $3,041 $185,100 $46,400 $138,700
2016 $2,906 $185,100 $46,400 $138,700
2015 $2,804 $185,100 $46,400 $138,700
2014 $2,715 $185,100 $46,400 $138,700
2013 $2,675 $185,100 $46,400 $138,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1440780

Maine Listings

APN: WINM-000038-000000-000040