NOT LISTED FOR SALE

120 Central St Westbrook, ME 04092

Estimated Value: $609,000 - $689,000

3 Beds
3 Baths
2,522 Sq Ft
$256/Sq Ft Est. Value

Last Sold March 15, 2023

Last sale price $530,500 $210 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $4,022/month

9 Days on Market

Highlights

  • New Englander Architecture
  • Porch
  • Forced Air Heating System
  • No HOA
  • Interior Lot
  • 3 Car Garage

About This Home

As of March 2023

Don't miss out on this great investment opportunity! This 3 unit multi family home is conveniently located in Westbrook, with easy access to 95 and all that downtown Westbrook has to offer including grocery stores, shops and amazing restaurants. The first and second floor units offer a spacious floor plan with 2 bedrooms, flex/ office space and in-unit laundry hook up. The third floor unit offers 1 bedroom with plenty of natural light and an eat in kitchen. Take advantage of this cash flowing property today!

Last Agent to Sell the Property

Amy Foley

Signature Homes Real Estate Group, LLC Listed on: 02/04/2023

Co-Listed By

Micaela Sargent

Signature Homes Real Estate Group, LLC

Last Buyer's Agent

Patrick Matheson

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,583

Year Built

  • Built in 1900

Lot Details

  • 0.28 Acre Lot
  • Interior Lot
  • Level Lot

Parking

  • 3 Car Garage
  • Driveway

Home Design

  • New Englander Architecture
  • Brick Foundation
  • Block Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3 Full Bathrooms
  • 2,522 Sq Ft Home
  • Multi-Level Property
  • Unfinished Basement
  • Interior Basement Entry

Flooring

  • Carpet
  • Laminate
  • Vinyl

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Natural Gas Not Available
  • Electric Water Heater

Additional Features

  • Porch
  • City Lot

Listing and Financial Details

  • Tax Lot 235
  • Assessor Parcel Number WSBR-000028-000000-000235

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $8,500
  • Gross Income $59,124

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,583

Year Built

Built in 1900

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.28
  • Co List Office Phone: 207-885-0500
  • MLS Status: Closed
  • Directions: GPS Friendly
  • Above Grade Finished Sq Ft: 2522.0
  • Architectural Style: Multi-Level, New Englander
  • Garage Yn: Yes
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 216.1
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.28
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2522.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Storage: Yes
  • Property Information:Garage Spaces: 3.0
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:BrickMortar2: Yes
  • Income Expenses Gross Income: 59124.0
  • Income Expenses Operating Expenses: 8500.0
  • Style:Multi-Level: Yes
  • Foundation Materials:Block3: Yes
  • Style:New Englander: Yes
  • Advertising Remarks:Advertising Remarks: Don't miss out on this great investment opportunity! This 3 unit multi family home is conveniently located in Westbrook, with easy access to 95 and all that downtown Westbrook has to offer including grocery stores, shops and amazing restaurants. The first and second floor units offer a spacious floor plan with 2 bedrooms, flex/ office space and in-unit laundry hook up. The third floor unit offers 1 bedroom with plenty of natural light and an eat in kitchen. Take advantage of this cash flowing property today!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Flooring: Vinyl, Laminate, Carpet
  • Interior Amenities: Pantry, Storage
  • Location:Interior Lot: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Interior Lot, Intown, Near Shopping, Near Turnpike/Interstate
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Block, Brick/Mortar
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features: 5 - 10 Spaces, Paved

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 12196.8
  • Parcel #: WSBR-000028-000000-000235
  • Zoning: RGA1

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 59124.0
  • Annual Operating Expense: 8500.0

Tax Info

  • Tax Annual Amount: 5583.0
  • Tax Lot: 235
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2023
Closed on
Mar 15, 2023
Sold by
Djuranovic Nevena
Bought by
Spin Laundromat Danforth
Seller's Agent
Amy Foley
Signature Homes Real Estate Group, LLC
Buyer's Agent
Patrick Matheson
Keller Williams Realty
List Price
$545,000
Sold Price
$530,500
Premium/Discount to List
-$14,500
-2.66%
Current Estimated Value
$646,358

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,858
Avg. Annual Appreciation
7.31%
Original Mortgage
$444,750
Outstanding Balance
$429,671
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$216,687

Purchase Details

Closed on
Jul 10, 2015
Sold by
Novkovic Cedomir
Bought by
Novkovic Cedomir and Djuranovic Nevena N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,500
Interest Rate
2%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Spin Laundromat Danforth $530,500 None Available
Novkovic Cedomir -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spin Laundromat Danforth $444,750
Previous Owner Novkovic Cedomir $201,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2023 03/15/23 Sold $530,500 -2.7% $210 / Sq Ft
02/09/2023 02/09/23 Pending -- -- --
01/30/2023 01/30/23 For Sale $545,000 -- $216 / 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 $6,487 $388,900 $85,000 $303,900
2022 $5,892 $325,500 $70,800 $254,700
2021 $5,583 $313,100 $70,800 $242,300
2020 $5,592 $313,100 $70,800 $242,300
2019 $5,592 $313,100 $70,800 $242,300
2018 $4,648 $259,400 $61,600 $197,800
2017 $4,897 $259,400 $61,600 $197,800
2016 $4,773 $259,400 $61,600 $197,800
2015 $4,659 $259,400 $61,600 $197,800
2014 $4,462 $259,400 $61,600 $197,800
2013 $4,462 $259,400 $61,600 $197,800
Source: Public Records

Agents Affiliated with this Home

  • Amy Foley

    Seller's Agent in 2023

    Amy Foley

    Signature Homes Real Estate Group, LLC

    (207) 730-3071

    10 in this area

    619 Total Sales

    Amy Foley
    Section Image

  • M

    Seller Co-Listing Agent in 2023

    Micaela Sargent

    Signature Homes Real Estate Group, LLC

    (207) 239-0457

    1 in this area

    38 Total Sales

    Micaela Sargent
    Section Image

  • P

    Buyer's Agent in 2023

    Patrick Matheson

    Keller Williams Realty

See All Agents

Map

Source: Maine Listings

MLS Number: 1551605

Maine Listings

APN: WSBR-000028-000000-000235

Maine Cumberland County Westbrook 04092

120 Central St, Westbrook, ME

Not Listed for Sale

MultiFamily

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