NOT LISTED FOR SALE

113 Mill Ln Unit 1&2 Westbrook, ME 04092

Estimated Value: $437,000 - $606,000

4 Beds
2 Baths
1,153 Sq Ft
$466/Sq Ft Est. Value

Last Sold July 29, 2024

Last sale price $590,000 $512 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $3,290/month

29 Days on Market

Highlights

  • New Englander Architecture
  • No HOA
  • Baseboard Heating
  • Main Floor Bedroom
  • Bathtub
  • Level Lot

About This Home

As of July 2024

Prime 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!

Last Agent to Sell the Property

Payson Swan

Swan Real Estate LLC Listed on: 04/07/2024

Last Buyer's Agent

Amanda Gervais

RE/MAX Coastal

RE/MAX Coastal

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,000

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.25
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: main st westbrook to mill lane
  • Above Grade Finished Sq Ft: 1153.0
  • Architectural Style: New Englander
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.25
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1153.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Basement:Unfinished: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:BrickMortar2: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 48000.0
  • Income Expenses Operating Expenses: 2000.0
  • Parking:On Site2: Yes
  • Amenities:Bathtub: Yes
  • Roof:Pitched: Yes
  • Basement:Slab2: Yes
  • Driveway:Gravel: Yes
  • Style:New Englander: Yes
  • Restrictions:Pet: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Walk-Out Access, Full, Exterior Entry, Bulkhead, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Flooring: Laminate, Carpet
  • Interior Amenities: 1st Floor Bedroom, Bathtub
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Intown, Near Shopping, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Slab, Brick/Mortar
  • Roof: Pitched, Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Gravel, Common, On Site

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: Yes

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10890.0
  • Parcel #: 113milllanewestbrook04092
  • Zoning: 6

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 48000.0
  • Annual Operating Expense: 2000.0

Tax Info

  • Tax Annual Amount: 3000.0
  • Tax Book Number: 37173
  • Tax Lot: 91
  • Tax Map Number: 32
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

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 LLC
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
$537,654

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$52,346
Avg. Annual Appreciation
-3.96%
Original Mortgage
$531,000
Outstanding Balance
$526,488
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$39,476

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
$123,081
Interest Rate
2.9%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
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
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 Enterprise Llc $264,000
Previous Owner Earle Enterprises Llc $123,081
Previous Owner Earle Enterprises Llc $116,919
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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

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 $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

    Seller's Agent in 2024

    Payson Swan

    Swan Real Estate LLC

    (207) 415-8140

    2 in this area

    62 Total Sales

    Section Image
  • Amanda Gervais

    Buyer's Agent in 2024

    Amanda Gervais

    RE/MAX

    (207) 615-3269

    1 in this area

    109 Total Sales

    Section Image
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Map

Source: Maine Listings

MLS Number: 1585874

Maine Listings

APN: WSBR-000032-000000-000091

Maine Cumberland County Westbrook 04092

113 Mill Ln Unit 1&2, Westbrook, ME

This home is located at 113 Mill Ln Unit 1&2, Westbrook, ME 04092 since 07 April 2024 and is currently estimated at $537,654, approximately $466 per square foot. This property was built in 1900. 113 Mill Ln Unit 1&2 is a home located in Cumberland County with nearby schools including Westbrook High School, The Little Dolphin School Foundation, and Breakwater School.

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