NOT LISTED FOR SALE

122 College Ave Waterville, ME 04901

Estimated Value: $288,733

2 Beds
2 Baths
1,932 Sq Ft
$149/Sq Ft Est. Value

Last Sold May 09, 2022

Last sale price $225,000 $116 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $1,786/month

20 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Heating System Uses Natural Gas
  • New Englander Architecture
  • Level Lot

About This Home

As of May 2022

This property in growing and desirable Waterville is an excellent option for a solid investment property or an opportunity to owner occupy and have tenant help pay your mortgage. Both tenants are on month to month rental arrangements providing flexibility for new ownership. The first floor of this property is currently being used as a salon, but could be converted back to a residential apartment fairly easily. Upstairs is a large, one bedroom unit in excellent condition.

Last Agent to Sell the Property

Matt Pouliot

Pouliot Real Estate Brokerage Phone: 207-248-6044 Listed on: 02/16/2022

Last Buyer's Agent

Tucker Murch

The MidcoastHome Real Estate Co.

The MidcoastHome Real Estate Co.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,823

Year Built

  • Built in 1900

Lot Details

  • 9,583 Sq Ft Lot
  • Level Lot
  • Open Lot

Home Design

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

Interior Spaces

  • 2 Full Bathrooms
  • 1,932 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Laminate
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • Gravel Driveway
  • On-Site Parking
  • Off-Street Parking

Location

  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number WAVL-000063-000000-000015

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $7,773
  • Gross Income $23,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,823

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.22
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1932.0
  • Architectural Style: New Englander
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1900
  • Attribution Contact: 207-248-6044
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.22
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1932.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 23400.0
  • Income Expenses Operating Expenses: 7773.0
  • Parking:On Site2: Yes
  • Gas:Natural - At Street: Yes
  • Driveway:Gravel: Yes
  • Style:New Englander: Yes
  • Building Info:_pound_ Floors3: 2
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Flooring: Wood, Vinyl, Laminate
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Intown, Near Shopping, Near Turnpike/Interstate, Near Town
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Stone, Brick/Mortar
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Gravel, On Site, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Other Heat System
  • 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: 9583.2
  • Parcel #: WAVL-000063-000000-000015
  • Zoning: CC

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 23400.0
  • Annual Operating Expense: 7773.0

Tax Info

  • Tax Annual Amount: 1823.0
  • Tax Book Number: 13426
  • Tax Lot: 15
  • Tax Map Number: 63
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2022
Closed on
May 9, 2022
Sold by
Kennebec Roofing Inc
Bought by
Heavisides Stuart
Seller's Agent
Matt Pouliot
Pouliot Real Estate
Buyer's Agent
Tucker Murch
The MidcoastHome Real Estate Co.
List Price
$230,000
Sold Price
$225,000
Premium/Discount to List
-$5,000
-2.17%
Current Estimated Value
$288,733

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,733
Avg. Annual Appreciation
6.77%
Original Mortgage
$180,000
Outstanding Balance
$172,236
Interest Rate
5.27%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$108,731

Purchase Details

Listed on
Aug 29, 2019
Closed on
Dec 13, 2019
Sold by
Kons Reilly J
Bought by
Kennebec Roofing Inc
Seller's Agent
Kristen Nutter
Summit Real Estate
Buyer's Agent
Kim Moxcey
Century 21 Nason Realty
List Price
$125,000
Sold Price
$112,000
Premium/Discount to List
-$13,000
-10.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.57%
Original Mortgage
$92,800
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 2, 2017
Closed on
Feb 12, 2018
Sold by
Harrington Pamela A and Stamand Shari
Bought by
Kons Reilly J
Seller's Agent
Donald Newell
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Donald Newell Emily Newell
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$79,900
Sold Price
$86,600
Premium/Discount to List
$6,700
8.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.00%
Original Mortgage
$85,031
Interest Rate
3.99%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 15, 2017
Sold by
Waterville Town Of
Bought by
Stamand Shari and Emery Pamela

Purchase Details

Closed on
Jul 18, 2016
Sold by
Waterville Town Of
Bought by
Stamand Shari and Emery Pamela

Purchase Details

Closed on
Mar 16, 2015
Sold by
Waterville Town Of
Bought by
Stamand Shari and Emery Pamela
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
Heavisides Stuart $225,000 None Available
Kennebec Roofing Inc -- None Available
Kennebec Roofing Inc -- None Available
Kons Reilly J -- --
Stamand Shari -- --
Stamand Shari -- --
Stamand Shari -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heavisides Stuart $180,000
Previous Owner Kennebec Roofing Inc $92,800
Previous Owner Kons Reilly J $85,031
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2022 05/09/22 Sold $225,000 -2.2% $116 / Sq Ft
03/09/2022 03/09/22 Pending -- -- --
02/16/2022 02/16/22 For Sale $230,000 +105.4% $119 / Sq Ft
12/13/2019 12/13/19 Sold $112,000 -10.4% $58 / Sq Ft
11/05/2019 11/05/19 Pending -- -- --
08/29/2019 08/29/19 For Sale $125,000 +44.3% $65 / Sq Ft
02/09/2018 02/09/18 Sold $86,600 +8.4% $45 / Sq Ft
12/06/2017 12/06/17 Pending -- -- --
08/02/2017 08/02/17 For Sale $79,900 -- $41 / 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 $3,064 $153,200 $26,800 $126,400
2023 $3,049 $153,200 $26,800 $126,400
2022 $1,848 $71,500 $15,200 $56,300
2021 $1,823 $71,500 $15,200 $56,300
2020 $1,842 $71,500 $15,200 $56,300
2019 $1,842 $71,500 $15,200 $56,300
2018 $1,807 $71,500 $15,200 $56,300
2017 $1,668 $71,500 $15,200 $56,300
2016 $1,630 $71,500 $15,200 $56,300
2015 $2,132 $76,700 $10,400 $66,300
2014 $2,102 $76,700 $10,400 $66,300
2013 $2,102 $76,700 $10,400 $66,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1519856

Maine Listings

APN: WAVL-000063-000000-000015