NOT LISTED FOR SALE

115 Forest St Westbrook, ME 04092

Estimated Value: $632,000 - $719,000

3 Beds
4 Baths
2,535 Sq Ft
$267/Sq Ft Est. Value

Last Sold May 30, 2018

Last sale price $416,500 $164 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $4,367/month

3 Days on Market

Highlights

  • Property is near public transit
  • Victorian Architecture
  • Double Pane Windows
  • Wood Flooring
  • No HOA
  • Enclosed Glass Porch

About This Home

As of May 2018

Convenient location for this immaculate 3 unit, rented furnished with a stable rental history of repeat tenancy and solid numbers. Features include First floor apt with additional usable space in basement. All appliances included consisting of kitchen ranges, refrigerators,dishwashers, washers and dryers. Other furnishings are negotiable. Buderus furnace, insulated foundation & replacement windows aid for energy efficiency. Enclosed sunporch overlooking private back yard with patio and oversized 2 car garage. All situated close to shopping, downtown shops and restaurants. Situated on the busline. Open houses Sat 28, 11-1, Sun 29th, 1-3.

Last Agent to Sell the Property

Elizabeth Dubois

Bean Group Listed on: 04/26/2018

Last Buyer's Agent

Cindy Olsen

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,005

Year Built

  • Built in 1920

Lot Details

  • 8,712 Sq Ft Lot
  • Landscaped
  • Level Lot

Home Design

  • Victorian Architecture
  • Brick Foundation
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,535 Sq Ft Home
  • 3-Story Property
  • Double Pane Windows
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Full Bathrooms
  • Shower Only

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • Garage
  • Driveway

Outdoor Features

  • Patio
  • Enclosed Glass Porch

Location

  • Property is near public transit

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Gas Water Heater
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 085
  • Assessor Parcel Number WSBR-000040-000000-000085

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $17,571
  • Gross Income $52,834

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,005

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Main Street West to left on Forest to 115 on right.
  • Above Grade Finished Sq Ft: 2535.0
  • Architectural Style: Victorian
  • Garage Yn: Yes
  • Efficiency: Insulated Foundation, Double Pane Windows
  • Building Stories: 3
  • Year Built: 1920
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 164.3
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.2
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 2535.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Well Landscaped: 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
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Walk-Out: Yes
  • Water Heater:Gas: Yes
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Gas:Natural - On Site: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:Shower: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Heat Fuel:Gas Natural: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 52834.0
  • Income Expenses Operating Expenses: 17571.0
  • Equipment:Internet Access Available: Yes
  • Equipment:Cable: Yes
  • Energy Efficiency:Double Pane Windows: Yes
  • Transportation:Public Transport Access: Yes
  • Transportation:Rail Available: Yes
  • Building Info:_pound_ Floors3: 3
  • Patio and Porch Features:Glassed-in Porch: Yes
  • Advertising Remarks:Advertising Remarks: Convenient location for this immaculate 3 unit, rented furnished with a stable rental history of repeat tenancy and solid numbers. Features include First floor apt with additional usable space in basement, All appliances included consisting of kitchen ranges, refrigerators,dishwashers, washers and dryers plus all other furnishings negotiable. Buderus furnace, insulated foundation & replacement windows aid for energy efficiency. Enclosed sunporch overlooking private back yard with patio and oversized 2 car garage. All situated close to shopping, downtown shops and restaurants. Situated on the busline. Open houses Sat 28, 11-1, Sun 29th, 1-3.Call Elizabeth Dubois 207-671-8279 for private showing.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Walk-Out Access, Full
  • Full Bathrooms: 4
  • Fireplace: No
  • Flooring: Wood, Vinyl, Tile, Laminate
  • Interior Amenities: Pantry, Shower
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Landscaped, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Near Public Transit
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Stone, Concrete Perimeter, Brick/Mortar
  • Patio And Porch Features: Glass Enclosed, Patio
  • Roof: Shingle
  • Patio And Porch Features:Patio: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8712.0
  • Parcel #: WSBR-000040-000000-000085
  • Zoning: RGA1

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 52834.0
  • Annual Operating Expense: 17571.0

Tax Info

  • Tax Annual Amount: 5005.0
  • Tax Lot: 085
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2018
Closed on
May 30, 2018
Sold by
Kremer Steven E and Kremer Ann L
Bought by
Le Huukhanh
Seller's Agent
Elizabeth Dubois
Bean Group
Buyer's Agent
Cindy Olsen
Keller Williams Realty
List Price
$399,900
Sold Price
$416,500
Premium/Discount to List
$16,600
4.15%
Current Estimated Value
$701,266

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$284,766
Avg. Annual Appreciation
6.58%

Purchase Details

Closed on
Aug 29, 2005
Sold by
Cathel J Macleod Ret and Macleod Cathel A
Bought by
Kremer Steven E and Kremer Ann L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,000
Interest Rate
6%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Le Huukhanh -- --
Kremer Steven E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kremer Steven E $242,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/30/2018 05/30/18 Sold $416,500 +4.2% $164 / Sq Ft
04/30/2018 04/30/18 Pending -- -- --
04/26/2018 04/26/18 For Sale $399,900 -- $158 / 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 $6,505 $390,000 $83,000 $307,000
2022 $5,910 $326,500 $69,200 $257,300
2021 $5,821 $326,500 $69,200 $257,300
2020 $5,831 $326,500 $69,200 $257,300
2019 $5,831 $326,500 $69,200 $257,300
2018 $5,076 $265,100 $60,200 $204,900
2017 $2,559 $265,100 $60,200 $204,900
2016 $0 $265,100 $60,200 $204,900
2015 $4,761 $265,100 $60,200 $204,900
2014 $4,560 $265,100 $60,200 $204,900
2013 $4,560 $265,100 $60,200 $204,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1346855

Maine Listings

APN: WSBR-000040-000000-000085