NOT LISTED FOR SALE

108 Longfellow St Westbrook, ME 04092

Estimated Value: $976,118 - $1,130,000

5 Beds
3 Baths
4,444 Sq Ft
$231/Sq Ft Est. Value

Last Sold May 30, 2024

Last sale price $975,000 $219 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $6,399/month

19 Days on Market

Highlights

  • 1.68 Acre Lot
  • Deck
  • 6 Fireplaces
  • Federal Architecture
  • Wood Flooring
  • No HOA

About This Home

As of May 2024

OPEN HOUSE CANCELLED TODAY

Open House cancelled due to the current weather conditions We have no power currently and need some time to clear up driveways and make sure all are safe. Please call or set up private showing through showingtime and check to see if power has been restored. We will do our best to accommodate all requests.

Welcome to 108 Longfellow Street, a prime multifamily opportunity featuring three meticulously renovated units with the added potential for expansion on buildable lot.

Each of the existing units has undergone a thoughtful renovation, resulting in spacious and sun-filled living spaces. No expense has been spared to ensure quality craftsmanship and attention to detail throughout.

Unit 1, Unit 2, and Unit 3 each offer their own dedicated furnace and electricity, providing tenants with individualized comfort and convenience. Additionally, Unit 3 presents an exciting opportunity for further expansion, with an unfinished third floor that holds the potential for additional living space or possibly even another unit (subject to town approval).

Beyond its current charm and functionality, the property's buildable lot adds an enticing dimension for investors or developers for expansion and increased rental income potential.

Located in a vibrant neighborhood with easy access to amenities, schools, and transportation, 108 Longfellow offers both immediate returns and long-term growth prospects.

Don't miss out on this exceptional investment opportunity!

Last Agent to Sell the Property

Chrissy Goyet

Dream Home Realty LLC Listed on: 03/20/2024

Co-Listed By

Lisa Andrade

Dream Home Realty LLC

Last Buyer's Agent

Matthew Ajemian

Prudential Verani Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,512

Year Built

  • Built in 1740

Lot Details

  • 1.68 Acre Lot
  • Lot Has A Rolling Slope

Home Design

  • Federal Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3 Full Bathrooms
  • 4,444 Sq Ft Home
  • 6 Fireplaces

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Unfinished Basement

  • Brick Basement
  • Exterior Basement Entry

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking
  • On-Site Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Porch

Location

  • City Lot

Utilities

  • No Cooling
  • Radiator
  • Heating System Uses Natural Gas
  • Heating System Uses Steam
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 001
  • Assessor Parcel Number WSBR-000027-000000-000001

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $21,117
  • Gross Income $84,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,512

Year Built

Built in 1740

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 1.68
  • Road Surface Type: Paved
  • Co List Office Phone: 207-300-4663
  • MLS Status: Closed
  • Directions: Take route 25 to Longfellow St in Westbrook.
  • Above Grade Finished Sq Ft: 4444.0
  • Architectural Style: Federal, Other Style
  • Garage Yn: No
  • Year Built: 1740
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 219.4
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 1.68
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 4444.0
  • Property Information:Garage: No
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 3
  • Income Expenses Gross Income: 84000.0
  • Income Expenses Operating Expenses: 21117.0
  • Parking:On Site2: Yes
  • Heat System:Steam: Yes
  • Building Info:_pound_ Fireplaces3: 6
  • Gas:Natural - At Street: Yes
  • Basement:BrickMortar: Yes
  • Site:RollingSloping: Yes
  • Equipment:Cable: Yes
  • Heat System:Radiator: Yes
  • Style:Federal: Yes
  • Basement Entry:Exterior Only: Yes
  • Advertising Remarks:Advertising Remarks: Welcome to 108 Longfellow Street, a prime multifamily opportunity featuring three meticulously renovated units with the added potential for expansion on buildable lot. Each of the existing units has undergone a thoughtful renovation, resulting in spacious and sun-filled living spaces. No expense has been spared to ensure quality craftsmanship and attention to detail throughout. Unit 1, Unit 2, and Unit 3 each offer their own dedicated furnace and electricity, providing tenants with individualized comfort and convenience. Additionally, Unit 3 presents an exciting opportunity for further expansion, with an unfinished third floor that holds the potential for additional living space or possibly even another unit (subject to town approval). Beyond its current charm and functionality, the property's buildable lot adds an enticing dimension for investors or developers. With the ability to accommodate additional units in the future, this presents an excellent opportunity for expansion and increased rental income potential. Located in a vibrant neighborhood with easy access to amenities, schools, and transportation, 108 Longfellow Street offers both immediate returns and long-term growth prospects. Don't miss out on this exceptional investment opportunity! Call Christine Goyet today for a private showing 207-332-8865.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Brick/Mortar, Exterior Only, Unfinished
  • Full Bathrooms: 3
  • Fireplaces: 6
  • Fireplace: Yes
  • Flooring: Wood, Vinyl, Tile, Carpet

Exterior Features

  • Lot Features: Rolling Slope, Intown, Near Turnpike/Interstate, Near Town
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Patio And Porch Features: Deck, Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 11 - 20 Spaces, Paved, Common, On Site, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Steam, Radiator
  • 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: 73180.8
  • Parcel #: WSBR-000027-000000-000001
  • Zoning: 11

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 84000.0
  • Annual Operating Expense: 21117.0

Tax Info

  • Tax Annual Amount: 10511.74
  • Tax Lot: 001
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2024
Closed on
May 30, 2024
Sold by
Wyer Real Estae Llc
Bought by
Longfellow 108 Llc
Seller's Agent
Chrissy Goyet
Dream Home Realty LLC
Buyer's Agent
Matthew Ajemian
Prudential Verani Realty
List Price
$975,000
Sold Price
$975,000
Views
29
Current Estimated Value
$1,027,280

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,280
Avg. Annual Appreciation
3.26%
Original Mortgage
$661,500
Outstanding Balance
$654,356
Interest Rate
7.88%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$372,924
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Longfellow 108 Llc $975,000 None Available
Longfellow 108 Llc $975,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Longfellow 108 Llc $661,500
Closed Longfellow 108 Llc $661,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/30/2024 05/30/24 Sold $975,000 0.0% $219 / Sq Ft
04/09/2024 04/09/24 Pending -- -- --
03/20/2024 03/20/24 For Sale $975,000 -- $219 / 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
2023 $10,512 $630,200 $118,700 $511,500
2022 $9,542 $527,200 $99,100 $428,100
2021 $9,027 $506,300 $99,100 $407,200
2020 $9,043 $506,300 $99,100 $407,200
2019 $9,043 $506,300 $99,100 $407,200
2018 $8,521 $438,900 $86,300 $352,600
2017 $1,727 $438,900 $86,300 $352,600
2016 $8,076 $438,900 $86,300 $352,600
2015 $7,883 $438,900 $86,300 $352,600
2014 $7,549 $438,900 $86,300 $352,600
2013 $7,549 $438,900 $86,300 $352,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1584631

Maine Listings

APN: WSBR-000027-000000-000001