NOT LISTED FOR SALE

127 Howe St Lewiston, ME 04240

Estimated Value: $296,000 - $394,000

-- Bed
3 Baths
5,596 Sq Ft
$60/Sq Ft Est. Value

Last Sold November 13, 2020

Last sale price $175,000 $31 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $2,117/month

30 Days on Market

Highlights

  • No HOA
  • Level Lot
  • Community Storage Space
  • Baseboard Heating

About This Home

As of November 2020

Well kept 3 unit with the option to update a second building with 2 units that has been gutted. There have been longtime tenants in the 3 units. The extra building lot has been used as a parking lot for the tenants. Great investment opportunity! Located just minutes away from the amenities of town and I-95.

Last Agent to Sell the Property

Pat Long-Cressey

Fontaine Family-The Real Estate Leader Listed on: 08/12/2020

Last Buyer's Agent

Erika Hanson

Downeast Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,041

Year Built

  • Built in 1896

Lot Details

  • 0.31 Acre Lot
  • Level Lot

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3 Full Bathrooms
  • 5,596 Sq Ft Home
  • Multi-Level Property
  • Laminate Flooring

Unfinished Basement

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

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking

Location

  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 168
  • Assessor Parcel Number LEWI-000196-000000-000168

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $10,790
  • Gross Income $38,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,041

Year Built

Built in 1896

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.31
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From Sabattus St. from Main St. take a right onto Howe St. then go to the end of the road the property will be on the right see sign.
  • Above Grade Finished Sq Ft: 5596.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1896
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.31
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 5596.0
  • Property Information:Garage: No
  • Site:Level: 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
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Storage: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 3
  • Income Expenses Gross Income: 38400.0
  • Income Expenses Operating Expenses: 10790.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Parking:Paved3: Yes
  • Property Information:Bank Owned REO: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Flooring: Laminate
  • Interior Amenities: Storage
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Intown, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved, On Site

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Baseboard
  • 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: 13503.6
  • Parcel #: LEWI-000196-000000-000168
  • Zoning: NCB

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 38400.0
  • Annual Operating Expense: 10790.0

Tax Info

  • Tax Annual Amount: 3041.0
  • Tax Book Number: 9102
  • Tax Lot: 168
  • Tax Map Number: 196
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2020
Closed on
Nov 13, 2020
Sold by
Lacoste Properties Llc
Bought by
Falkenberg Daniel
Seller's Agent
Pat Long-Cressey
Fontaine Family-The Real Estate Leader
Buyer's Agent
Erika Hanson
Downeast Realty, Inc.
List Price
$230,000
Sold Price
$175,000
Premium/Discount to List
-$55,000
-23.91%
Current Estimated Value
$338,484

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,484
Avg. Annual Appreciation
14.51%
Original Mortgage
$129,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Falkenberg Daniel -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Falkenberg Daniel $129,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/13/2020 11/13/20 Sold $175,000 -23.9% $31 / Sq Ft
09/12/2020 09/12/20 Pending -- -- --
08/12/2020 08/12/20 For Sale $230,000 -- $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 $3,870 $121,800 $26,760 $95,040
2023 $3,654 $121,800 $26,760 $95,040
2022 $3,471 $121,800 $26,760 $95,040
2021 $3,442 $121,800 $26,760 $95,040
2020 $3,016 $105,180 $26,760 $78,420
2019 $3,041 $105,180 $26,760 $78,420
2018 $3,016 $105,180 $26,760 $78,420
2017 $2,947 $105,180 $26,760 $78,420
2016 $2,897 $105,180 $26,760 $78,420
2015 $2,879 $105,180 $26,760 $78,420
2014 $2,797 $105,180 $26,760 $78,420
2013 $2,781 $105,180 $26,760 $78,420
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1464128

Maine Listings

APN: LEWI-000196-000000-000168