$220,000
SOLD JAN 6, 2025

1 Spring Place Waterville, ME 04901

-- Bed
2 Baths
1,800 Sq Ft
3,485 Sq Ft Lot

Recently Sold

$122 Per Sq Ft

12% Below List Price

5 Days on Market

Highlights

  • No HOA
  • Level Lot
  • Vinyl Flooring
  • Zoned Heating

About This Home

As of January 2025

Well maintained & fully occupied 2-unit in great location. Convenient to Downtown Waterville amenities. Off-street parking, many cosmetic updates throughout, separate natural gas and electric meters.

Last Agent to Sell the Property

Matt Boulerice

New England Realty Group LLC

Last Buyer's Agent

Matt Boulerice

New England Realty Group LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,635

Year Built

  • Built in 1870

Lot Details

  • 3,485 Sq Ft Lot
  • Level Lot
  • Open Lot

Home Design

  • Duplex
  • Wood Frame Construction
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • 1,800 Sq Ft Home
  • Vinyl Flooring

Unfinished Basement

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

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking

Location

  • City Lot

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 156
  • Assessor Parcel Number WAVL-000044-000000-000156

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $12,079
  • Gross Income $30,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,635

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.08
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From Elm Street turn onto Spring Street. Right onto Spring Place, second property on the right.
  • Above Grade Finished Sq Ft: 1800.0
  • Architectural Style: Duplex
  • Garage Yn: No
  • Year Built: 1870
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.08
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1800.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Roof:Metal: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 2
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 30600.0
  • Income Expenses Operating Expenses: 12079.0
  • Style:Duplex: Yes
  • Heat System:Direct Vent Heater: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Flooring: Vinyl, Other
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Intown
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Metal

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Direct Vent Heater
  • 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: 3484.8
  • Parcel #: WAVL-000044-000000-000156
  • Zoning: CA

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 30600.0
  • Annual Operating Expense: 12079.0

Tax Info

  • Tax Annual Amount: 2635.0
  • Tax Book Number: 14500
  • Tax Lot: 156
  • Tax Map Number: 044
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2024
Closed on
Jan 6, 2025
Sold by
Big Sky Properties Llc
Bought by
Yl 1963 Llc
Seller's Agent
Matt Boulerice
New England Realty Group LLC
Buyer's Agent
Matt Boulerice
New England Realty Group LLC
List Price
$249,000
Sold Price
$220,000
Premium/Discount to List
-$29,000
-11.65%
Total Days on Market
5
Views
5
Current Estimated Value
$227,810

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,810
Avg. Annual Appreciation
8.68%
Original Mortgage
$360,000
Outstanding Balance
$359,695
Interest Rate
6.84%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$132,629

Purchase Details

Listed on
May 18, 2022
Closed on
Jul 1, 2022
Sold by
Pine View Mobile Hm Inc
Bought by
Big Sky Properties Llc
Seller's Agent
Pam Natole
Coldwell Banker Plourde Real Estate
Buyer's Agent
Matt Boulerice
New England Realty Group LLC
List Price
$160,000
Sold Price
$135,000
Premium/Discount to List
-$25,000
-15.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.38%
Original Mortgage
$125,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Mar 28, 2017
Closed on
Aug 21, 2017
Sold by
Clarke-Savage Hope
Bought by
Pine View Mobile Homes
Seller's Agent
Jill Huard
Summit Real Estate
Buyer's Agent
Adrienne Lovejoy
Coldwell Banker Plourde Real Estate
List Price
$68,000
Sold Price
$65,000
Premium/Discount to List
-$3,000
-4.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.19%
Original Mortgage
$52,000
Interest Rate
3.96%
Mortgage Type
Purchase Money Mortgage

Map

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $220,000 None Available
Warranty Deed $220,000 None Available
Warranty Deed $135,000 None Available
Warranty Deed $135,000 None Available
Warranty Deed $135,000 None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $360,000 Purchase Money Mortgage
Closed $360,000 Purchase Money Mortgage
Previous Owner $165,000 Commercial
Previous Owner $125,000 Purchase Money Mortgage
Previous Owner $52,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2025 01/06/25 Sold $220,000 -11.6% $122 / Sq Ft
11/07/2024 11/07/24 Pending -- -- --
11/02/2024 11/02/24 For Sale $249,000 +84.4% $138 / Sq Ft
07/01/2022 07/01/22 Sold $135,000 -15.6% $75 / Sq Ft
05/27/2022 05/27/22 Pending -- -- --
05/18/2022 05/18/22 For Sale $160,000 +146.2% $89 / Sq Ft
08/18/2017 08/18/17 Sold $65,000 -4.4% $36 / Sq Ft
07/17/2017 07/17/17 Pending -- -- --
03/28/2017 03/28/17 For Sale $68,000 -- $38 / Sq Ft
Source: Maine Listings

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 $2,648 $132,400 $9,400 $123,000
2023 $2,635 $132,400 $9,400 $123,000
2022 $1,724 $66,700 $7,100 $59,600
2021 $1,688 $66,200 $7,100 $59,100
2020 $1,705 $66,200 $7,100 $59,100
2019 $1,705 $66,200 $7,100 $59,100
2018 $1,673 $66,200 $7,100 $59,100
2017 $1,544 $66,200 $7,100 $59,100
2016 $1,509 $66,200 $7,100 $59,100
2015 $1,454 $52,300 $8,100 $44,200
2014 $1,433 $52,300 $8,100 $44,200
2013 $1,433 $52,300 $8,100 $44,200
Source: Public Records

Source: Maine Listings

MLS Number: 1608525

Maine Listings

APN: WAVL-000044-000000-000156