Seller's Agent in 2023
Amy Foley
Signature Homes Real Estate Group, LLC
(207) 730-3071
20 in this area
615 Total Sales
12 Spring St Westbrook, ME 04092
Estimated Value: $394,507 - $583,000
4
Beds
2
Baths
2,016
Sq Ft
$262/Sq Ft
Est. Value
Highlights
- Wood Flooring
- No HOA
- Interior Lot
- New Englander Architecture
- 1 Car Detached Garage
- Hot Water Heating System
About This Home
As of July 2023Tastefully updated, this well maintained 2 unit is conveniently located in a commercial zone in Westbrook with great parking potential. It is the perfect investment opportunity for those seeking to break into the thriving real estate market in this up and coming Maine location.
Each apartment is over 1,000 SQ FT with ample storage and features, including exposed brick, architectural arches, and shiplap. There is also the possibility of a potential expansion in a walkup attic.
Whether you're looking to rent as is or bring your imagination to enhance the building, this property offers endless possibilities for growth and return on investment. Let the rent help pay for your expenses and build equity quickly.
Last Agent to Sell the Property
Signature Homes Real Estate Group, LLC Listed on: 06/07/2023
Last Buyer's Agent
Jeffrey Mateja
Keller Williams Realty
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,888
Year Built
- Built in 1900
Lot Details
- 7,841 Sq Ft Lot
- Interior Lot
- Level Lot
Parking
- 1 Car Detached Garage
- Driveway
Home Design
- 2,016 Sq Ft Home
- New Englander Architecture
- Block Foundation
- Wood Frame Construction
- Shingle Roof
- Asbestos Siding
- Asbestos
Flooring
- Wood
- Carpet
- Tile
- Vinyl
Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Utilities
- No Cooling
- Heating System Uses Oil
- Hot Water Heating System
Additional Features
- 2 Full Bathrooms
- Washer and Dryer Hookup
Listing and Financial Details
- Tax Lot 113
- Assessor Parcel Number WSBR-000033-000000-000113
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Operating Expense $1
- Gross Income $1
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 7, 2023
Closed on
Jul 11, 2023
Sold by
Auger Michael J
Bought by
Almubarak Faaiza
Seller's Agent
Amy Foley
Signature Homes Real Estate Group, LLC
Buyer's Agent
Jeffrey Mateja
Keller Williams Realty
List Price
$475,000
Sold Price
$497,500
Premium/Discount to List
$22,500
4.74%
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
$29,877
Avg. Annual Appreciation
2.66%
Original Mortgage
$398,000
Outstanding Balance
$388,506
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$138,871
Purchase Details
Closed on
Feb 27, 2020
Sold by
Auger Matthew M
Bought by
Auger Michael J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
3.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 29, 2015
Sold by
Auger Matthew M and Field Nathan R
Bought by
Auger Matthew M and Auger Michael
Purchase Details
Closed on
Jan 3, 2013
Sold by
Merrill Lincoln J and Fox Barbara D
Bought by
Auger Matthew M and Field Nathan R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,040
Interest Rate
3.35%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 16, 2009
Sold by
Fox Barbara D
Bought by
Fox Barbara D and Fox Richard R
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 |
|---|---|---|---|
| Almubarak Faaiza | $497,500 | None Available | |
| Auger Michael J | -- | None Available | |
| Auger Matthew M | -- | -- | |
| Auger Matthew M | -- | -- | |
| Fox Barbara D | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Almubarak Faaiza | $398,000 | |
| Previous Owner | Auger Michael J | $160,000 | |
| Previous Owner | Auger Matthew M | $115,040 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/11/2023 07/11/23 | Sold | $497,500 | +4.7% | $247 / Sq Ft |
| 06/12/2023 06/12/23 | Pending | -- | -- | -- |
| 06/07/2023 06/07/23 | For Sale | $475,000 | -- | $236 / 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 | $4,287 | $257,000 | $82,000 | $175,000 |
| 2022 | $3,888 | $214,800 | $68,400 | $146,400 |
| 2021 | $3,830 | $214,800 | $68,400 | $146,400 |
| 2020 | $3,836 | $214,800 | $68,400 | $146,400 |
| 2019 | $3,836 | $214,800 | $68,400 | $146,400 |
| 2018 | $3,242 | $167,000 | $59,400 | $107,600 |
| 2017 | $3,153 | $167,000 | $59,400 | $107,600 |
| 2016 | $3,073 | $167,000 | $59,400 | $107,600 |
| 2015 | $2,999 | $167,000 | $59,400 | $107,600 |
| 2014 | $2,872 | $167,000 | $59,400 | $107,600 |
| 2013 | $2,872 | $167,000 | $59,400 | $107,600 |
Source: Public Records
Agents Affiliated with this Home
-
Amy Foley
-
Brett Kelly
B
Seller Co-Listing Agent in 2023
Brett Kelly
Signature Homes Real Estate Group, LLC
(207) 450-8041
3 in this area
23 Total Sales
-
Jeffrey Mateja
Buyer's Agent in 2023
Jeffrey Mateja
Keller Williams Realty
(207) 879-9800
31 in this area
894 Total Sales
Map
Source: Maine Listings
MLS Number: 1558687
APN: WSBR-000033-000000-000113
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Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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