M
Seller's Agent in 2024
Mark Young
McAllister Real Estate
(207) 624-2483
7 in this area
46 Total Sales
13 Spring St Hallowell, ME 04347
Estimated Value: $463,566 - $511,000
4
Beds
4
Baths
1,596
Sq Ft
$299/Sq Ft
Est. Value
Highlights
- Cape Cod Architecture
- No HOA
- Zoned Heating
- Wood Flooring
- Air Conditioning
- 4-minute walk to Vaughn Playground
About This Home
As of April 2024Welcome to this fantastic opportunity to own a charming duplex located just 1⁄4 mile from vibrant downtown Hallowell. Completely renovated in 2010, this property features two spacious 2-bedroom units, each boasting its own distinctive features and 1 1⁄2 bathrooms. Recent improvements include new kitchen floors, appliances and fresh paint throughout unit one. The apartments have a very stable rental history (same tenants for 10 years). Whether you're looking for an investment property, a possible condo conversion, conversion to a single-family home, or a place to call home while generating rental income, 13 Spring Street is must-see. Also, see MLS 1574141.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,753
Year Built
- Built in 1830
Lot Details
- 7,841 Sq Ft Lot
- Lot Has A Rolling Slope
Home Design
- 1,596 Sq Ft Home
- Cape Cod Architecture
- Slab Foundation
- Wood Frame Construction
- Shingle Roof
- Wood Siding
- Clap Board Siding
- Clapboard
Flooring
- Wood
- Vinyl
Unfinished Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
Parking
- Gravel Driveway
- Off-Street Parking
Utilities
- Air Conditioning
- Zoned Heating
- Heating System Uses Oil
- Baseboard Heating
- Hot Water Heating System
- Natural Gas Not Available
- Electric Water Heater
Additional Features
- City Lot
Listing and Financial Details
- Tax Lot 25
- Assessor Parcel Number HALL-000005-000000-000025
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Operating Expense $12,435
- Gross Income $39,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 6, 2023
Closed on
Apr 30, 2024
Sold by
Youngs Realty Llc
Bought by
Bredesen Harald B
Seller's Agent
Mark Young
McAllister Real Estate
Buyer's Agent
John Lawrence
Keller Williams Realty
List Price
$475,000
Sold Price
$420,000
Premium/Discount to List
-$55,000
-11.58%
Views
19
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
$57,142
Avg. Annual Appreciation
8.46%
Original Mortgage
$125,000
Outstanding Balance
$123,013
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$354,129
Purchase Details
Closed on
Oct 21, 2009
Sold by
Lsf 6 Mercury Reo Int
Bought by
Youngs Realty Llc
Purchase Details
Closed on
Sep 21, 2009
Sold by
Lsf 6 Mercury Reo Int
Bought by
Lsf 6 Mercury Reo Int
Purchase Details
Closed on
Jul 23, 2008
Sold by
Cplumer Timothy Sr Est and Plumer
Bought by
Youngs Realty Llc
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 |
|---|---|---|---|
| Bredesen Harald B | $420,000 | None Available | |
| Bredesen Harald B | $420,000 | None Available | |
| Youngs Realty Llc | -- | -- | |
| Lsf 6 Mercury Reo Int | -- | -- | |
| Youngs Realty Llc | -- | -- | |
| Youngs Realty Llc | -- | -- | |
| Lsf 6 Mercury Reo Int | -- | -- | |
| Youngs Realty Llc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Bredesen Harald B | $125,000 | |
| Closed | Bredesen Harald B | $125,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/30/2024 04/30/24 | Sold | $420,000 | -1.2% | $263 / Sq Ft |
| 02/28/2024 02/28/24 | Pending | -- | -- | -- |
| 02/12/2024 02/12/24 | Price Changed | $424,995 | -10.5% | $266 / Sq Ft |
| 10/06/2023 10/06/23 | For Sale | $475,000 | -- | $298 / 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 |
|---|---|---|---|---|
| 2024 | $4,456 | $223,900 | $54,300 | $169,600 |
| 2023 | $3,753 | $162,800 | $39,400 | $123,400 |
| 2022 | $3,614 | $162,800 | $39,400 | $123,400 |
| 2021 | $3,468 | $162,800 | $39,400 | $123,400 |
| 2020 | $2,333 | $162,800 | $39,400 | $123,400 |
| 2019 | $7,770 | $162,800 | $39,400 | $123,400 |
| 2018 | $5,826 | $162,800 | $39,400 | $123,400 |
| 2017 | $1,852 | $162,800 | $39,400 | $123,400 |
| 2016 | $461 | $162,800 | $39,400 | $123,400 |
| 2015 | $2,865 | $162,800 | $39,400 | $123,400 |
| 2014 | $2,865 | $162,800 | $39,400 | $123,400 |
| 2013 | $2,784 | $162,800 | $39,400 | $123,400 |
Source: Public Records
Agents Affiliated with this Home
-
Mark Young
-
John Lawrence
J
Buyer's Agent in 2024
John Lawrence
Keller Williams Realty
(207) 582-4600
4 in this area
46 Total Sales
Map
Source: Maine Listings
MLS Number: 1574136
APN: HALL-000005-000000-000025
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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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