NOT LISTED FOR SALE

Estimated Value: $295,000 - $335,273

4 Beds
2 Baths
1,411 Sq Ft
$219/Sq Ft Est. Value

Last Sold July 29, 2020

Last sale price $206,500 $146 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $1,955/month

111 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • Baseboard Heating
  • Corner Lot
  • Forced Air Heating System
  • Community Storage Space

About This Home

As of July 2020

Welcome to 14 Park Street: this two-family is a true turn-key property with updated windows, siding, furnace, bathrooms, flooring, and paint. Each unit has it's own storage space, and two driveways provide plenty of off-street parking. This street is a low-traffic area, but is still just a few blocks from Lisbon Street, providing a convenient commute to Lewiston, Topsham, and Portland, which is less than 45 minutes south. Here is a great opportunity to buy and have income to assist with expenses, or own a great investment with a positive cash flow in an up and coming community.

Last Agent to Sell the Property

Bryce Hamilton

Coldwell Banker Realty Brokerage Phone: 207-773-1990 Listed on: 02/12/2020

Coldwell Banker Realty

Last Buyer's Agent

Robert Whisenant

RE/MAX Riverside

RE/MAX Riverside

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,404

Year Built

  • Built in 1920

Lot Details

  • 3,920 Sq Ft Lot
  • Corner Lot

Home Design

  • 1,411 Sq Ft Home
  • Colonial Architecture
  • Brick Foundation
  • Concrete Foundation
  • Wood Frame Construction
  • Fiberglass Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Full Bathrooms

Basement

  • Partial Basement
  • Interior Basement Entry

Parking

  • Driveway
  • Paved Parking

Utilities

  • No Cooling
  • Forced Air Heating System
  • Space Heater
  • Heating System Uses Kerosene
  • Heating System Uses Oil
  • Baseboard Heating
  • Natural Gas Not Available
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 41
  • Assessor Parcel Number 14parkstreetlisbonmaine

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • 25-Story Property

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $4,506
  • Gross Income $22,020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,404

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.09
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Route 196 to Main Street, right on Park Street, #14 on northeast corner of Park Street and Winter Street.
  • Above Grade Finished Sq Ft: 1411.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Building Stories: 25
  • Year Built: 1920
  • Attribution Contact: 207-773-1990
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.09
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1411.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: 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
  • Heat Fuel:Electric: Yes
  • Water Heater:Electric2: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Gas:No Gas: Yes
  • Basement:Partial: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:BrickMortar2: Yes
  • Building Info:_pound_ Stories2: 25
  • Income Expenses Gross Income: 22020.0
  • Income Expenses Operating Expenses: 4506.0
  • Style:Colonial: Yes
  • Property Information:Short Sale Continue to Show: No
  • Heat Fuel:K-1Kerosene: Yes
  • Property Information:Bank Owned REO: No
  • Heat System:Space Heater: Yes
  • Roof:Fiberglass: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 25

Interior Features

  • Has Basement: Partial, Interior Entry
  • Full Bathrooms: 2
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Storage

Exterior Features

  • Lot Features: Corner Lot, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter, Brick/Mortar
  • Roof: Fiberglass

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Space Heater, Forced Air, Baseboard, Hot Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3920.4
  • Parcel #: 14parkstreetlisbonmaine
  • Zoning: RES

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 22020.0
  • Annual Operating Expense: 4506.0

Tax Info

  • Tax Annual Amount: 2404.0
  • Tax Book Number: 8903
  • Tax Lot: 41
  • Tax Map Number: U19
  • Tax Year: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2020
Closed on
Jul 29, 2020
Sold by
Hogan Frank J and Hogan Pamela B
Bought by
Jensen Erick P
Seller's Agent
Bryce Hamilton
Coldwell Banker Realty
Buyer's Agent
Robert Whisenant
RE/MAX Riverside
List Price
$215,000
Sold Price
$206,500
Premium/Discount to List
-$8,500
-3.95%
Current Estimated Value
$309,568

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,068
Avg. Annual Appreciation
8.28%
Original Mortgage
$151,875
Outstanding Balance
$135,272
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$174,296

Purchase Details

Closed on
Apr 30, 2014
Sold by
Nezol Laura E
Bought by
Hogan Frank J and Hogan Pamela B
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
Jensen Erick P -- None Available
Hogan Frank J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jensen Erick P $151,875
Previous Owner Hogan Frank J $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2020 07/29/20 Sold $206,500 -4.0% $146 / Sq Ft
06/03/2020 06/03/20 Pending -- -- --
02/12/2020 02/12/20 For Sale $215,000 -- $152 / 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 $3,226 $237,200 $29,200 $208,000
2023 $2,760 $130,800 $19,300 $111,500
2022 $3,021 $130,800 $19,300 $111,500
2021 $2,891 $130,800 $19,300 $111,500
2020 $2,405 $104,100 $19,300 $84,800
2019 $2,405 $104,100 $19,300 $84,800
2018 $2,231 $89,800 $16,700 $73,100
2017 $2,083 $89,800 $16,700 $73,100
2016 $2,012 $89,800 $16,700 $73,100
2015 $1,500 $63,600 $18,600 $45,000
2014 $1,552 $63,600 $18,600 $45,000
2013 $1,463 $63,600 $18,600 $45,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1444443

Maine Listings

APN: LISN-000019U-000000-000041