NOT LISTED FOR SALE

136 Forest St Westbrook, ME 04092

Estimated Value: $597,780 - $863,000

5 Beds
3 Baths
2,784 Sq Ft
$256/Sq Ft Est. Value

Last Sold October 05, 2022

Last sale price $525,000 $189 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $4,429/month

97 Days on Market

Highlights

  • Scenic Views
  • Wood Flooring
  • Main Floor Bedroom
  • Property is near public transit
  • New Englander Architecture
  • Attic

About This Home

As of October 2022

BACK ON THE MARKET! This 3-unit multi-family property sits beautifully on a corner lot in the heart of Westbrook. If you intend to owner occupy, the other two units can pay a large part of your mortgage. Or purchase as an investment and get income from all three units! Units rent for below current market rates. A great opportunity for a multi-unit in Westbrook!

Last Agent to Sell the Property

Karilynne Mi Scott Miele

Maine Real Estate Experts Listed on: 08/02/2022

Last Buyer's Agent

Angel Nichols

Bean Group

Bean Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,978

Year Built

  • Built in 1910

Lot Details

  • 8,712 Sq Ft Lot
  • Corner Lot
  • Level Lot

Parking

  • 2 Car Garage
  • Driveway
  • Off-Street Parking

Home Design

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

Interior Spaces

  • 2,784 Sq Ft Home
  • 2-Story Property
  • Scenic Vista Views
  • Unfinished Basement
  • Exterior Basement Entry
  • Laundry on main level
  • Attic

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 3 Full Bathrooms
  • Bathtub

Outdoor Features

  • Porch

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Hot Water Heating System
  • Natural Gas Not Available
  • Oil Water Heater

Listing and Financial Details

  • Tax Lot 010
  • Assessor Parcel Number WSBR-000035-000000-000010

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $18,423
  • Gross Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,978

Year Built

Built in 1910

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 2784.0
  • Architectural Style: New Englander
  • Garage Yn: Yes
  • Building Stories: 2
  • Year Built: 1910
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 188.58
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.2
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2784.0
  • Property Information:Garage: Yes
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: 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
  • Amenities:Storage: Yes
  • Property Information:Garage Spaces: 2.0
  • Exterior:Vinyl Siding: Yes
  • Basement:Unfinished: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 36000.0
  • Income Expenses Operating Expenses: 18423.0
  • Parking:On Site2: Yes
  • Amenities:Bathtub: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Amenities:Attic: Yes
  • Water Heater:Oil2: Yes
  • View:Scenic: Yes
  • Style:New Englander: Yes
  • Transportation:Public Transport Access: Yes
  • Advertising Remarks:Advertising Remarks: Open house for August 13th CANCELLED due to pending status. This 3-unit multi-family property sits beautifully on a corner lot in the heart of Westbrook. If you intend to owner occupy, the other two units can pay a large part of your mortgage or purchase as an investment and get income from all three units! All tenants are month to month. Units rent for below current market rates.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Exterior Entry, Bulkhead, Unfinished
  • Full Bathrooms: 3
  • Fireplace: No
  • Flooring: Wood, Carpet
  • Interior Amenities: 1st Floor Bedroom, Attic, Bathtub, Storage

Exterior Features

  • Lot Features: Corner Lot, Level, Intown, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Near Public Transit
  • View: Scenic
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Stone, Brick/Mortar
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: 1 - 4 Spaces, Paved, On Site, Off Street

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Forced Air
  • 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: 8712.0
  • Parcel #: WSBR-000035-000000-000010
  • Zoning: RGA1/11

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 36000.0
  • Annual Operating Expense: 18423.0

Tax Info

  • Tax Annual Amount: 4978.0
  • Tax Lot: 010
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2022
Closed on
Oct 5, 2022
Sold by
Barr Thomas J Est and Barr
Bought by
Dandrea Michael and Dandrea Laura M
Seller's Agent
Karilynne Mi Scott Miele
Maine Real Estate Experts
Buyer's Agent
Angel Nichols
Bean Group
List Price
$525,000
Sold Price
$525,000
Current Estimated Value
$713,945

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$188,945
Avg. Annual Appreciation
9.73%
Original Mortgage
$393,750
Outstanding Balance
$376,564
Interest Rate
5.55%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$337,381
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Dandrea Michael -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dandrea Michael $393,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/05/2022 10/05/22 Sold $525,000 0.0% $189 / Sq Ft
08/12/2022 08/12/22 Pending -- -- --
05/06/2022 05/06/22 For Sale $525,000 -- $189 / Sq Ft
Source: Maine Listings

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
2023 $6,133 $367,700 $83,100 $284,600
2022 $5,506 $304,200 $69,300 $234,900
2021 $5,424 $304,200 $69,300 $234,900
2020 $5,433 $304,200 $69,300 $234,900
2019 $5,433 $304,200 $69,300 $234,900
2018 $4,349 $244,000 $60,200 $183,800
2017 $4,607 $244,000 $60,200 $183,800
2016 $4,490 $244,000 $60,200 $183,800
2015 $4,382 $244,000 $60,200 $183,800
2014 $4,197 $244,000 $60,200 $183,800
2013 $4,197 $244,000 $60,200 $183,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1527236

Maine Listings

APN: WSBR-000035-000000-000010