NOT LISTED FOR SALE

13 Spring St Hallowell, ME 04347

Estimated Value: $409,000 - $483,066

4 Beds
4 Baths
1,596 Sq Ft
$276/Sq Ft Est. Value

Sale Details

Date Sold: April 30, 2024

Last sale price $420,000 $263 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,731 / mo

145 Days on Market

Highlights

  • Cape Cod Architecture
  • No HOA
  • Zoned Heating
  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • 4-minute walk to Vaughn Playground

About This Home

As of April 2024

Welcome 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.

Last Agent to Sell the Property

Mark Young

NextHome Northern Lights Realty Listed on: 10/06/2023

NextHome Northern Lights Realty

Last Buyer's Agent

John Lawrence

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,753

Year Built

  • Built in 1830

Lot Details

  • 7,841 Sq Ft Lot

Home Design

  • Cape Cod Architecture
  • Shingle Roof

Interior Spaces

  • 1,596 Sq Ft Home
  • Exterior Basement Entry

Flooring

  • Wood
  • Vinyl

Utilities

  • Cooling System Mounted To A Wall/Window
  • Zoned Heating
  • Baseboard Heating
  • Hot Water Heating System

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,753

Year Built

Built in 1830

Lot Details

7,841 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.18
  • MLS Status: Closed
  • Directions: From Winthrop St. Hallowell left onto Spring St., see sign.
  • Above Grade Finished Sq Ft: 1596.0
  • Architectural Style: Cape Cod
  • Garage Yn: No
  • Year Built: 1830
  • Contract Information:List PriceSqFt: 266.29
  • Property Information:Seasonal: No
  • Water Info:Water View2: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Exterior Entry
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Flooring: Vinyl, Wood

Exterior Features

  • Waterfront: No
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Hot Water, Zoned
  • 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: 7840.8
  • Parcel #: HALL-000005-000000-000025
  • Zoning: Residential

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 39600.0
  • Annual Operating Expense: 12435.0

Tax Info

  • Tax Annual Amount: 3753.0
  • Tax Lot: 25

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2023
Closed on
Apr 30, 2024
Sold by
Bought by
Seller's Agent
Mark Young
NextHome Northern Lights Realty
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
$440,517

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,517
Avg. Annual Appreciation
2.24%
Original Mortgage
$125,000
Outstanding Balance
$122,543
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$317,974

Purchase Details

Closed on
Oct 21, 2009
Sold by
Bought by

Purchase Details

Closed on
Sep 21, 2009
Sold by
Bought by

Purchase Details

Closed on
Jul 23, 2008
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$420,000 None Available
$420,000 None Available
-- --
-- --
-- --
-- --
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $125,000
Closed $125,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $4,276 $223,900 $54,300 $169,600
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

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Map

Source: Maine Listings

MLS Number: 1574136

Maine Listings

APN: HALL-000005-000000-000025

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