NOT LISTED FOR SALE

1088 Roosevelt Trail Windham, ME 04062

Windham Area
-- Beds
8 Baths
4,623 Sq Ft
1.3 Acre Lot

Sale Details

Date Sold: February 28, 2022

Last sale price $950,000 $205 Per Sq Ft

1 Day on Market

Highlights

  • Additional Residence on Property
  • Beach Access
  • Main Floor Bedroom
  • 50 Feet of Waterfront
  • Deck
  • Cottage

About This Home

As of February 2022

Unique opportunity near the edge of Sebago Lake. This property consists of a duplex and 6 single-family year-round cottages. Beautiful right of way to open Sebago Lake with Association, dock and access is only steps away from the property. Fantastic opportunity to possibly redevelop into short-term vacation rentals, Airbnb, or possible condominium conversion. Or, add cosmetics to increase the rental income substantially. Some long-term tenants. Mix of units consists of one efficiency, five 1-bedroom units and two 2-bedroom units. Great visibility right on Route 302, and very close to North Windham and Raymond. Also listed commercially, see MLS #1517924

Last Agent to Sell the Property

Jeffrey Davis

Town & Shore Real Estate Listed on: 01/13/2022

Last Buyer's Agent

Tyler Hall

Keller Williams Realty

Keller Williams Realty
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,896

Year Built

  • Built in 1900

Lot Details

  • 1.3 Acre Lot
  • 50 Feet of Waterfront
  • Lake Front
  • Open Lot

HOA Fees

  • $23 Monthly HOA Fees

Home Design

  • Cottage
  • Concrete Foundation
  • Pillar, Post or Pier Foundation
  • Block Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,623 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Water Views

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 8 Full Bathrooms

Basement

  • Partial Basement
  • Exterior Basement Entry
  • Crawl Space

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking

Outdoor Features

  • Beach Access
  • Property is near a beach
  • Deck
  • Porch

Additional Homes

  • Additional Residence on Property

Utilities

  • No Cooling
  • Forced Air Heating System
  • Space Heater
  • Heating System Uses Kerosene
  • Heating System Uses Oil
  • Heat Pump System
  • Baseboard Heating
  • Natural Gas Not Available
  • Electric Water Heater
  • Septic System
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 52
  • Assessor Parcel Number WINM-000077-000000-000052

Community Details

Overview

  • 8 Units

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $21,696
  • Gross Income $84,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,896

Year Built

Built in 1900

Lot Details

1.3 Acres

HOA Fees

$23 per month

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 1.3
  • Road Surface Type: Paved
  • Water Body Name: Sebago Lake
  • MLS Status: Closed
  • Directions: Roosevelt Trail Windham (Route 3020) head North towards Raymond to #1088 Roosevelt Trail on your left. Just beyond Lakehurst Ave.
  • Above Grade Finished Sq Ft: 4623.0
  • Architectural Style: Cottage
  • Garage Yn: No
  • Efficiency: Double Pane Windows
  • Building Stories: 2
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 171.97
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 1.3
  • Property Information:Total Baths: 8.0
  • Property Information:SqFt Finished Above Grade: 4623.0
  • Property Information:Garage: No
  • Site:Open: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Location Information:Association Fee: 275.0
  • Location Information:Fee Frequency Paid: Annually
  • Foundation Materials:Slab: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Cooling:Heat Pump3: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Basement:Partial: Yes
  • Property Information:Number of Units: 8
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 84900.0
  • Income Expenses Operating Expenses: 21696.0
  • Location:Near Public Beach: Yes
  • Foundation Materials:Block3: Yes
  • Basement:Crawl Space: Yes
  • Foundation Materials:PillarPostPier: Yes
  • Roof:Pitched: Yes
  • Heat Fuel:K-1Kerosene: Yes
  • Water Info:Waterfront Amount -: 50.0
  • Water Info:Water Frontage Shared -: 50.0
  • Style:Cottage: Yes
  • Equipment:Internet Access Available: Yes
  • Property Information:Deed Restrictions: Unknown
  • Sewer:Septic Existing on Site: Yes
  • Equipment:Cable: Yes
  • Energy Efficiency:Double Pane Windows: Yes
  • Heat System:Space Heater: Yes
  • Recreational Water:Beach Rights: Yes
  • Building Info:_pound_ Floors3: 2
  • Advertising Remarks:Advertising Remarks: Unique opportunity near the edge of Sebago Lake. This property consists of a duplex and 6 single-family year-round cottages. Beautiful right of way to open Sebago Lake with Association, dock and access is only steps away from the property. Fantastic opportunity to possibly redevelop into short-term vacation rentals, Airbnb, or possible condominium conversion. Or, add cosmetics to increase the rental income substantially. Some long-term tenants. Mix of units consists of one efficiency, five 1-bedroom units and two 2-bedroom units. Great visibility right on Route 302, and very close to North Windham and Raymond. Also listed commercially, see MLS #1517924
  • Property Information 2 Detached Houses on 1 Lot: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Bulkhead, None, Crawl Space, Partial, Exterior Entry, Not Applicable
  • Full Bathrooms: 8
  • Flooring: Vinyl, Laminate, Carpet
  • Interior Amenities: 1st Floor Bedroom
  • Stories: 2

Exterior Features

  • Lot Features: Open Lot, Right of Way, Near Public Beach
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Block, Pillar/Post/Pier, Concrete Perimeter, Slab
  • Patio And Porch Features: Deck, Porch
  • Roof: Pitched, 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

Utilities

  • Cooling: None, Heat Pump
  • Cooling Y N: No
  • Heating: Space Heater, Heat Pump, Baseboard, Hot Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Septic Existing on Site
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 275.0
  • Association Fee Frequency: Annually
  • Association: Yes
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 56628.0
  • Parcel #: WINM-000077-000000-000052
  • Zoning: RL

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 84900.0
  • Annual Operating Expense: 21696.0

Tax Info

  • Tax Annual Amount: 7896.0
  • Tax Lot: 52
  • 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
Jan 13, 2022
Closed on
Mar 7, 2022
Sold by
Elite Llc
Bought by
Seller's Agent
Jeffrey Davis
Town & Shore Real Estate
Buyer's Agent
Tyler Hall
Keller Williams Realty
List Price
$795,000
Sold Price
$950,000
Premium/Discount to List
$155,000
19.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$664,000
Interest Rate
3.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jan 13, 2022
Closed on
Feb 25, 2022
Sold by
1008 Roosevelt Trail Llc
Bought by
Elite Llc
Seller's Agent
Jeffrey Davis
Town & Shore Real Estate
Buyer's Agent
Tyler Hall
Keller Williams Realty
List Price
$795,000
Sold Price
$950,000
Premium/Discount to List
$155,000
19.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$664,000
Interest Rate
3.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
May 25, 2017
Closed on
Sep 28, 2017
Sold by
Jacobsky Anthony M
Bought by
1088 Roosevelt Trail Llc
Seller's Agent
Jay Sparrow
Allied Real Estate
Buyer's Agent
Jay Sparrow
Allied Real Estate
List Price
$629,000
Sold Price
$550,000
Premium/Discount to List
-$79,000
-12.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.16%
Original Mortgage
$440,000
Interest Rate
3.89%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- None Available
Elite Llc $950,000 None Available
1088 Roosevelt Trail Llc -- --
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
Previous Owner -- $664,000
Previous Owner -- $440,000
Closed 1088 Roosevelt Trail Llc --
Previous Owner Jacobsky Anthony M $300,000
Closed Noonan Tom $18,000
Previous Owner Noonan Tom $150,000
Closed Hunts Woods Llc $343,040
Previous Owner Noonan Thomas F $493,040
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
02/28/2022 02/28/22 Sold $950,000 +19.5% $205 / Sq Ft
01/15/2022 01/15/22 Pending -- -- --
01/13/2022 01/13/22 For Sale $795,000 +44.5% $172 / Sq Ft
09/27/2017 09/27/17 Sold $550,000 -12.6% $111 / Sq Ft View Prior Sale
07/24/2017 07/24/17 Pending -- -- --
05/25/2017 05/25/17 For Sale $629,000 -- $127 / 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 $11,569 $959,300 $313,600 $645,700
2024 $11,010 $959,900 $313,600 $646,300
2023 $10,147 $906,000 $313,600 $592,400
2022 $9,767 $841,300 $313,600 $527,700
2021 $7,896 $626,700 $313,600 $313,100
2020 $7,886 $525,700 $281,600 $244,100
2019 $7,696 $525,700 $281,600 $244,100
2018 $7,810 $514,500 $281,600 $232,900
2017 $6,385 $388,600 $192,000 $196,600
2016 $6,101 $388,600 $192,000 $196,600
2015 $5,887 $388,600 $192,000 $196,600
2014 $5,701 $388,600 $192,000 $196,600
2013 -- $388,600 $192,000 $196,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1517915

Maine Listings

APN: WINM 077-052-000-000

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