Seller's Agent in 2024
Payson Swan
Swan Real Estate
(207) 415-8140
2 in this area
59 Total Sales
113 Mill Ln Unit 1&2 Westbrook, ME 04092
Estimated Value: $472,000 - $609,000
4
Beds
2
Baths
1,153
Sq Ft
$478/Sq Ft
Est. Value
Highlights
- New Englander Architecture
- No HOA
- Baseboard Heating
- Main Floor Bedroom
- Bathtub
- Level Lot
About This Home
As of July 2024Prime investment opportunity! This remodeled duplex offers two immaculate units, each boasting two bedrooms and one full bathroom. Situated in Westbrook, mere minutes from downtown shopping and dining delights. With the ground work for future expansion completed this is a rare chance to own a turnkey investment property strategically positioned for both immediate cash flow and long -term growth. Don't miss this opportunity to elevate your real estate portfolio!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,000
Year Built
- Built in 1900
Lot Details
- 0.25 Acre Lot
- Level Lot
- Open Lot
Home Design
- New Englander Architecture
- Brick Foundation
- Slab Foundation
- Wood Frame Construction
- Pitched Roof
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 1,153 Sq Ft Home
- 2-Story Property
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- Main Floor Bedroom
- 2 Full Bathrooms
- Bathtub
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Parking
- Common or Shared Parking
- Gravel Driveway
- Shared Driveway
- On-Site Parking
Location
- City Lot
Utilities
- No Cooling
- Heating System Uses Oil
- Baseboard Heating
- Hot Water Heating System
- Natural Gas Not Available
Listing and Financial Details
- Tax Lot 91
- Assessor Parcel Number 113milllanewestbrook04092
Community Details
Overview
- No Home Owners Association
- 2 Units
Pet Policy
- Pets Allowed
- Pet Restriction
Building Details
- Operating Expense $2,000
- Gross Income $48,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 7, 2024
Closed on
Jul 29, 2024
Sold by
Earle Enterprises Llc
Bought by
Noonan Taylor A
Seller's Agent
Payson Swan
Swan Real Estate
Buyer's Agent
Amanda Gervais
RE/MAX Coastal
List Price
$649,000
Sold Price
$590,000
Premium/Discount to List
-$59,000
-9.09%
Views
44
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$38,424
Avg. Annual Appreciation
-5.50%
Original Mortgage
$531,000
Outstanding Balance
$524,609
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$26,967
Purchase Details
Listed on
Apr 7, 2024
Closed on
Jul 26, 2024
Sold by
Whitney Earje Llc
Bought by
Earle Enterprises Llc
Seller's Agent
Payson Swan
Swan Real Estate
Buyer's Agent
Amanda Gervais
RE/MAX Coastal
List Price
$649,000
Sold Price
$590,000
Premium/Discount to List
-$59,000
-9.09%
Views
44
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$531,000
Outstanding Balance
$524,609
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$26,967
Purchase Details
Closed on
Sep 11, 2020
Sold by
Caiazzo Hanry A Jr Est and Caiazzo
Bought by
Earle Enterprises Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,919
Interest Rate
2.9%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Noonan Taylor A | $590,000 | None Available | |
| Noonan Taylor A | $590,000 | None Available | |
| Noonan Taylor A | $590,000 | None Available | |
| Earle Enterprises Llc | -- | None Available | |
| Earle Enterprises Llc | -- | None Available | |
| Earle Enterprises Llc | -- | None Available | |
| Earle Enterprises Llc | -- | None Available | |
| Earle Enterprises Llc | -- | None Available | |
| Earle Enterprises Llc | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Noonan Taylor A | $531,000 | |
| Closed | Noonan Taylor A | $531,000 | |
| Previous Owner | Earle Enterprises Llc | $116,919 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/29/2024 07/29/24 | Sold | $590,000 | -1.5% | $512 / Sq Ft |
| 05/07/2024 05/07/24 | Pending | -- | -- | -- |
| 04/19/2024 04/19/24 | Price Changed | $599,000 | -7.7% | $520 / Sq Ft |
| 04/07/2024 04/07/24 | For Sale | $649,000 | -- | $563 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
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 | $4,333 | $259,800 | $84,600 | $175,200 |
| 2022 | $3,933 | $217,300 | $70,500 | $146,800 |
| 2021 | $3,874 | $217,300 | $70,500 | $146,800 |
| 2020 | $3,545 | $198,500 | $70,500 | $128,000 |
| 2019 | $3,545 | $198,500 | $70,500 | $128,000 |
| 2018 | $3,219 | $165,800 | $61,300 | $104,500 |
| 2017 | $3,130 | $165,800 | $61,300 | $104,500 |
| 2016 | $3,146 | $171,000 | $61,300 | $109,700 |
| 2015 | $3,071 | $171,000 | $61,300 | $109,700 |
| 2014 | $2,941 | $171,000 | $61,300 | $109,700 |
| 2013 | $2,941 | $171,000 | $61,300 | $109,700 |
Source: Public Records
Agents Affiliated with this Home
-
Payson Swan
-
Amanda Gervais
Buyer's Agent in 2024
Amanda Gervais
RE/MAX
(207) 615-3269
2 in this area
102 Total Sales
Map
Source: Maine Listings
MLS Number: 1585874
APN: WSBR-000032-000000-000091
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