NOT LISTED FOR SALE

1031 Sabattus St Lewiston, ME 04240

Estimated Value: $343,857 - $395,000

6 Beds
3 Baths
3,192 Sq Ft
$114/Sq Ft Est. Value

Last Sold October 15, 2020

Last sale price $192,000 $60 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $2,289/month

4 Days on Market

Highlights

  • Public Beach
  • No HOA
  • 2 Car Garage
  • Wood Flooring
  • Hot Water Heating System
  • Level Lot

About This Home

As of October 2020

Well cared for and maintained this investment property features three 2 bedroom units. There is a detached 2 car garage and ample parking. An excellent opportunity for investors to own a 3 family unit in Lewiston. Fully rented with a solid rental history. Centrally located to highways, shopping, downtown. and amenities.

Last Agent to Sell the Property

Jeffrey Mateja

Keller Williams Realty Listed on: 08/17/2020

Keller Williams Realty

Co-Listed By

David Costello

Keller Williams Realty

Last Buyer's Agent

Linda Davis

Better Homes & Gardens Real Estate/The Masiello Group

Better Homes & Gardens Real Estate/The Masiello Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,169

Year Built

  • Built in 1922

Lot Details

  • 8,276 Sq Ft Lot
  • Public Beach
  • Level Lot

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Wood Frame Construction
  • Membrane Roofing
  • Vinyl Siding

Interior Spaces

  • 3 Full Bathrooms
  • 3,192 Sq Ft Home
  • Multi-Level Property

Flooring

  • Wood
  • Carpet
  • Laminate

Basement

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

Location

  • Suburban Location

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Hot Water Heating System
  • Natural Gas Not Available

Listing and Financial Details

  • Tax Lot 175
  • Assessor Parcel Number LEWI-000090-000000-000175

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $6,500
  • Gross Income $24,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,169

Year Built

Built in 1922

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.19
  • Co List Office Mls Id: 2957
  • Co List Office Phone: 207-553-2605
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 3192.0
  • Architectural Style: Multi-Level
  • Garage Yn: Yes
  • Year Built: 1922
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.19
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3192.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: 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
  • Exterior:Vinyl Siding: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Location:Suburban: Yes
  • Property Information:Number of Units: 3
  • Income Expenses Gross Income: 24000.0
  • Income Expenses Operating Expenses: 6500.0
  • Style:Multi-Level: Yes
  • Location:Near Public Beach: Yes
  • Roof:Membrane: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Interior Entry
  • Full Bathrooms: 3
  • Flooring: Wood, Laminate, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Near Public Beach, Near Shopping, Suburban
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Membrane

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Paved

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On, Pole
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8276.4
  • Parcel #: LEWI-000090-000000-000175
  • Zoning: Res

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 24000.0
  • Annual Operating Expense: 6500.0

Tax Info

  • Tax Annual Amount: 3169.0
  • Tax Book Number: 7307
  • Tax Lot: 175
  • Tax Map Number: 90
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2020
Closed on
Oct 15, 2020
Sold by
Deblois Wilfred and Deblois Gaelane
Bought by
Masse Raymond L and Masse Kim K
Seller's Agent
Jeffrey Mateja
Keller Williams Realty
Buyer's Agent
Linda Davis
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$197,000
Sold Price
$192,000
Premium/Discount to List
-$5,000
-2.54%
Current Estimated Value
$365,214

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,214
Avg. Annual Appreciation
13.84%
Original Mortgage
$125,000
Outstanding Balance
$111,682
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$253,532

Purchase Details

Closed on
Nov 16, 2007
Sold by
Beaulieu Patrick
Bought by
Deblois Wilfrid and Deblois Gaetane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.41%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
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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
Masse Raymond L -- None Available
Deblois Wilfrid -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Masse Raymond L $125,000
Previous Owner Deblois Wilfrid $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2020 10/15/20 Sold $192,000 -2.5% $60 / Sq Ft
08/22/2020 08/22/20 Pending -- -- --
08/17/2020 08/17/20 For Sale $197,000 -- $62 / 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 $4,241 $133,500 $16,440 $117,060
2023 $4,005 $133,500 $16,440 $117,060
2022 $3,805 $133,500 $16,440 $117,060
2021 $3,773 $133,500 $16,440 $117,060
2020 $3,143 $109,620 $16,440 $93,180
2019 $3,169 $109,620 $16,440 $93,180
2018 $3,143 $109,620 $16,440 $93,180
2017 $3,072 $109,620 $16,440 $93,180
2016 $3,019 $109,620 $16,440 $93,180
2015 $3,000 $109,620 $16,440 $93,180
2014 $2,915 $109,620 $16,440 $93,180
2013 $2,898 $109,620 $16,440 $93,180
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1464924

Maine Listings

APN: LEWI-000090-000000-000175