NOT LISTED FOR SALE

120 Montello St Lewiston, ME 04240

Estimated Value: $406,000 - $462,000

8 Beds
4.5 Baths
3,272 Sq Ft
$135/Sq Ft Est. Value

Last Sold September 02, 2022

Last sale price $420,000 $128 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,822/month

4 Days on Market

Highlights

  • Raised Ranch Architecture
  • Main Floor Bedroom
  • Corner Lot
  • Wood Flooring
  • 1 Fireplace
  • No HOA

About This Home

As of September 2022

A rare find! 3 unit building in residential area! Units consist of a 4 bedroom with 2 baths, a 3 bedroom with 2 baths and a 1 bedroom 1 bath. 1 car attached heated workshop/ garage, nice yard, Newer furnace, fireplace and lots of updates through out! Fully rented with plenty of parking! A great money maker investment or live in one and let the rest pay the mortgage.

Last Agent to Sell the Property

Roy L'Italien

CENTURY 21 Advantage Listed on: 07/18/2022

CENTURY 21 Advantage

Co-Listed By

Laura Drinkwater

CENTURY 21 Advantage

Last Buyer's Agent

Faith Fontaine

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,876

Year Built

  • Built in 1956

Lot Details

  • 0.26 Acre Lot
  • Corner Lot
  • Level Lot
  • Open Lot

Parking

  • 1 Car Attached Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Raised Ranch Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Clap Board Siding
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 2-Story Property
  • 1 Fireplace
  • Laundry on main level

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Bathtub
  • Shower Only

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Sump Pump

Outdoor Features

  • Porch

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Hot Water Heating System
  • Gas Water Heater
  • Water Heated On Demand

Listing and Financial Details

  • Tax Lot 142
  • Assessor Parcel Number LEWI-000170-000000-000142

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $11,400
  • Gross Income $39,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,876

Year Built

Built in 1956

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.26
  • Road Surface Type: Paved
  • Co List Office Mls Id: 1065
  • Co List Office Phone: 207-782-2121
  • MLS Status: Closed
  • Directions: College street to right on Montello
  • Above Grade Finished Sq Ft: 2528.0
  • Architectural Style: Multi-Level, Raised Ranch, Ranch
  • Garage Yn: Yes
  • Building Stories: 2
  • Year Built: 1956
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.26
  • Property Information:Total Baths: 5.0
  • Property Information:SqFt Finished Above Grade: 2528.0
  • Property Information:SqFt Finished Below Grade: 744.0
  • Property Information:Garage: Yes
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Water Heater:Gas: Yes
  • Water Heater:On Demand: Yes
  • Amenities:Storage: Yes
  • Property Information:Garage Spaces: 1.0
  • Gas:Natural - On Site: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Heat Fuel:Gas Natural: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Style:Ranch: Yes
  • Property Information:Number of Units: 3
  • Exterior:Clapboard: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 39600.0
  • Income Expenses Operating Expenses: 11400.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Amenities:Bathtub: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Roof:Pitched: Yes
  • Building Info:_pound_ Fireplaces3: 1
  • Property Information:Bank Owned REO: No
  • Basement:Sump Pump: Yes
  • Heat System:Direct Vent Furnace: Yes
  • Basement Entry:Exterior Only: Yes
  • Style:Raised Ranch: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Full, Sump Pump, Interior Entry, Exterior Only, Unfinished
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Below Grade Sq Ft: 744.0
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Wood, Tile, Carpet
  • Interior Amenities: 1st Floor Bedroom, Bathtub, Shower, Storage
  • Full Basement: Yes

Exterior Features

  • Lot Features: Corner Lot, Level, Open Lot, Near Town, Neighborhood
  • Waterfront: No
  • Construction Type: Clapboard, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Porch
  • Roof: Pitched, Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: 1 - 4 Spaces, Paved, On Site, Off Street

Utilities

  • Laundry Features: Laundry - 1st Floor, Upper Level, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Direct Vent Furnace, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 11325.6
  • Parcel #: LEWI-000170-000000-000142
  • Zoning: NCA

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 39600.0
  • Annual Operating Expense: 11400.0

Tax Info

  • Tax Annual Amount: 4876.0
  • Tax Book Number: 10618
  • Tax Lot: 142
  • Tax Map Number: 170
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 2, 2024
Sold by
Mutoni Edgard
Bought by
Nsabimana Alain
Total Days on Market
4
Current Estimated Value
$442,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,227
Outstanding Balance
$415,842
Interest Rate
7.29%
Mortgage Type
FHA
Estimated Equity
$23,491

Purchase Details

Listed on
Jul 18, 2022
Closed on
Sep 2, 2022
Sold by
Stockwell Dalton
Bought by
Mutoni Edgard and Nsabimana Alain
Seller's Agent
Roy L'Italien
CENTURY 21 Advantage
Buyer's Agent
Faith Fontaine
Keller Williams Realty
List Price
$350,000
Sold Price
$420,000
Premium/Discount to List
$70,000
20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.63%
Original Mortgage
$412,392
Interest Rate
5.54%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 1, 2014
Sold by
Chamberlain Arthur B and Chamberlain Irene
Bought by
Grandmaison Denise M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,685
Interest Rate
4.27%
Mortgage Type
FHA
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
Nsabimana Alain -- None Available
Mutoni Edgard $420,000 None Available
Grandmaison Denise M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nsabimana Alain $420,227
Previous Owner Mutoni Edgard $412,392
Previous Owner Grandmaison Denise M $179,685
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2022 09/02/22 Sold $420,000 +20.0% $128 / Sq Ft
07/23/2022 07/23/22 Pending -- -- --
07/18/2022 07/18/22 For Sale $350,000 -- $107 / 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
2024 $5,687 $179,000 $21,240 $157,760
2023 $5,370 $179,000 $21,240 $157,760
2022 $5,102 $179,000 $21,240 $157,760
2021 $4,776 $169,000 $21,240 $147,760
2020 $4,845 $169,000 $21,240 $147,760
2019 $4,885 $168,980 $21,240 $147,740
2018 $4,845 $168,980 $21,240 $147,740
2017 $4,735 $168,980 $21,240 $147,740
2016 $4,654 $168,980 $21,240 $147,740
2015 $4,625 $168,980 $21,240 $147,740
2014 $4,493 $168,980 $21,240 $147,740
2013 $4,468 $168,980 $21,240 $147,740
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1536801

Maine Listings

APN: LEWI-000170-000000-000142