NOT LISTED FOR SALE
Studio
6 Baths
4,500 Sq Ft
3,920 Sq Ft Lot

Sale Details

Date Sold: February 23, 2024

Last sale price $499,000 $111 Per Sq Ft

2 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • 4-minute walk to Kennedy Park
  • No HOA
  • Hot Water Heating System

About This Home

As of February 2024

11.47% cap rate ~ Nice fully rented solid Lewiston 6 unit with recent updates including; new siding, hot water system, new driveway pavement, (4) of 6 units have been remodeled + both hallways have new carpeting/fresh paint & electrical fixed. This building offers (6) 2 bedrooms and is all up to code and recently passed the city fire inspection!

Last Agent to Sell the Property

Thomas Gadbois

F.O. Bailey Real Estate Listed on: 02/14/2024

Last Buyer's Agent

Tim Flaherty

The Flaherty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,477

Year Built

  • Built in 1891

Lot Details

  • 3,920

Home Design

  • Wood Frame Construction
  • Membrane Roofing
  • Vinyl Siding

Interior Spaces

  • 6 Full Bathrooms
  • 4,500 Sq Ft Home
  • 3-Story Property
  • Wood Flooring

Unfinished Basement

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

Parking

  • Driveway
  • Off-Street Parking

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Electric Water Heater

Additional Features

  • 3,920 Sq Ft Lot
  • City Lot

Listing and Financial Details

  • Tax Lot 538
  • Assessor Parcel Number LEWI-000195-000000-000538

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • Operating Expense $28,610
  • Gross Income $85,872

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,477

Year Built

Built in 1891

Lot Details

3,920 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.09
  • MLS Status: Closed
  • Directions: GPS
  • Above Grade Finished Sq Ft: 4500.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1891
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 110.89
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.09
  • Property Information:Total Baths: 6.0
  • Property Information:SqFt Finished Above Grade: 4500.0
  • Property Information:Garage: No
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 6
  • Income Expenses Gross Income: 85872.0
  • Income Expenses Operating Expenses: 28610.0
  • Style:Multi-Level: Yes
  • Gas:Natural - At Street: Yes
  • Roof:Membrane: Yes
  • Driveway:Reclaimed: Yes
  • Building Info:_pound_ Floors3: 3
  • Advertising Remarks:Advertising Remarks: 11.47% cap rate ~ Nice fully rented solid Lewiston 6 unit with recent updates including; new siding, hot water system, new driveway pavement, (4) of 6 units have been remodeled + both hallways have new carpeting/fresh paint & electrical fixed. This building offers (6) 2 bedrooms and is all up to code and recently passed the city fire inspection!
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 6
  • Fireplace: No
  • Flooring: Wood
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Sidewalks, Intown
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Membrane

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Reclaimed, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Forced Air
  • 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: 3920.4
  • Parcel #: LEWI-000195-000000-000538
  • Zoning: DR

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 85872.0
  • Annual Operating Expense: 28610.0

Tax Info

  • Tax Annual Amount: 3477.0
  • Tax Lot: 538
  • Tax Year: 2022

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2024
Closed on
Feb 23, 2024
Sold by
Bought by
Seller's Agent
Thomas Gadbois
F.O. Bailey Real Estate
Buyer's Agent
Tim Flaherty
The Flaherty Group
List Price
$499,000
Sold Price
$499,000
Views
10

Purchase Details

Listed on
Oct 10, 2022
Closed on
Dec 7, 2022
Sold by
Bought by
Seller's Agent
Thomas Gadbois
F.O. Bailey Real Estate
Buyer's Agent
Thomas Gadbois
F.O. Bailey Real Estate
List Price
$325,000
Sold Price
$315,000
Premium/Discount to List
-$10,000
-3.08%
Views
8

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
46.26%
Original Mortgage
$252,000
Interest Rate
7.08%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Aug 27, 2020
Closed on
Mar 26, 2021
Sold by
Bought by
Seller's Agent
Thomas Gadbois
F.O. Bailey Real Estate
Buyer's Agent
Thomas Gadbois
F.O. Bailey Real Estate
List Price
$288,330
Sold Price
$225,000
Premium/Discount to List
-$63,330
-21.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.75%
Original Mortgage
$196,377
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 27, 2020
Closed on
Mar 13, 2021
Sold by
Bought by
Seller's Agent
Thomas Gadbois
F.O. Bailey Real Estate
Buyer's Agent
Thomas Gadbois
F.O. Bailey Real Estate
List Price
$288,330
Sold Price
$225,000
Premium/Discount to List
-$63,330
-21.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,377
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Listed on
Apr 2, 2019
Closed on
Apr 23, 2019
Sold by
Bought by
Seller's Agent
Thomas Gadbois
F.O. Bailey Real Estate
Buyer's Agent
Tim Dunham
Tim Dunham Realty
List Price
$185,000
Sold Price
$160,000
Premium/Discount to List
-$25,000
-13.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.43%
Original Mortgage
$36,975
Interest Rate
4.3%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$499,000 None Available
$315,000 None Available
-- None Available
-- None Available
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $252,000
Previous Owner $196,377
Previous Owner $58,000
Previous Owner $168,750
Previous Owner $160,000
Previous Owner $36,975
Closed $116,000
Previous Owner $115,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/23/2024 02/23/24 Sold $499,000 0.0% $111 / Sq Ft
02/17/2024 02/17/24 Pending -- -- --
02/14/2024 02/14/24 For Sale $499,000 +58.4% $111 / Sq Ft
12/07/2022 12/07/22 Sold $315,000 -3.1% $70 / Sq Ft View Prior Sale
10/13/2022 10/13/22 Pending -- -- --
10/10/2022 10/10/22 For Sale $325,000 +44.4% $72 / Sq Ft
03/24/2021 03/24/21 Sold $225,000 -22.0% $38 / Sq Ft View Prior Sale
11/12/2020 11/12/20 Pending -- -- --
07/15/2020 07/15/20 For Sale $288,330 +80.2% $48 / Sq Ft
04/23/2019 04/23/19 Sold $160,000 -13.5% $27 / Sq Ft View Prior Sale
03/31/2019 03/31/19 Pending -- -- --
11/19/2018 11/19/18 For Sale $185,000 -- $31 / Sq Ft
Source: Maine Listings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $4,688 $143,000 $16,680 $126,320
2024 $4,543 $143,000 $16,680 $126,320
2023 $4,290 $143,000 $16,680 $126,320
2022 $3,477 $122,000 $16,680 $105,320
2021 $3,448 $122,000 $16,680 $105,320
2020 $3,323 $115,920 $16,680 $99,240
2019 $3,351 $115,920 $16,680 $99,240
2018 $3,323 $115,920 $16,680 $99,240
2017 $3,248 $115,920 $16,680 $99,240
2016 $3,192 $115,920 $16,680 $99,240
2015 $3,173 $115,920 $16,680 $99,240
2014 $3,082 $115,920 $16,680 $99,240
2013 $3,065 $115,920 $16,680 $99,240
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1582212

Maine Listings
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