Seller's Agent in 2023
Joshua Goston
NextHome Experience
(207) 598-6949
68 Total Sales
142 State St Brewer, ME 04412
Estimated Value: $279,000 - $325,035
5
Beds
2.5
Baths
2,940
Sq Ft
$102/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- 1 Fireplace
- Property is near shops
- Wood Flooring
- No HOA
- Baseboard Heating
About This Home
As of May 2023Welcome to 142 State Street in Brewer! This stunning two-unit property is an exceptional investment opportunity with fantastic income potential. The property is conveniently located near local amenities, making it an ideal location for tenants.
The larger unit of the property boasts four spacious bedrooms and one and a half bathrooms, providing ample space for a growing family or a group of roommates. The unit features modern finishes throughout, including beautiful hardwood flooring, high ceilings, and plenty of natural light. The dining room is a highlight of this unit, with large windows that flood the space with natural light, making it the perfect space for family dinners and entertaining guests. The kitchen is equipped with stainless steel appliances, and ample cabinet space. The living room is spacious and perfect for relaxing, with large windows that offer plenty of natural light.
The smaller unit of the property features one bedroom and one full bathroom, providing comfortable living for a single person or a couple. This unit also features modern finishes throughout. The kitchen is fully equipped with modern appliances, and the bedroom is cozy and comfortable.
The property also includes a large backyard, perfect for outdoor activities and gatherings. There is plenty of off-street parking available for tenants and guests.
The property's location, modern finishes, and ample space make it an attractive option for tenants, ensuring a steady stream of income for years to come.
Overall, 142 State Street in Brewer is a fantastic investment opportunity for anyone looking for a beautifully finished two-unit property with exceptional income potential. Don't miss your chance to see this wonderful property today!
*Larger unit is owner-occupied
Last Buyer's Agent
Michael Spencer
Better Homes & Gardens Real Estate/The Masiello Group
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,188
Year Built
- Built in 1900
Lot Details
- 0.5 Acre Lot
Parking
- Gravel Driveway
Home Design
- Duplex
- Colonial Architecture
- Concrete Foundation
- Wood Frame Construction
- Shingle Roof
- Metal Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 2,940 Sq Ft Home
- 1 Fireplace
Flooring
- Wood
- Carpet
- Tile
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Sump Pump
Location
- Property is near shops
- City Lot
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Baseboard Heating
- Hot Water Heating System
Listing and Financial Details
- Tax Lot 125
- Assessor Parcel Number BRER-000032-000000-000125
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Operating Expense $6,908
- Gross Income $14,400
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 27, 2021
Closed on
Jul 21, 2021
Sold by
Seavey Ryan K
Bought by
Chase Drew J
Seller's Agent
Katherine Dawson
ERA Dawson-Bradford Co.
Buyer's Agent
Joshua Goston
NextHome Experience
List Price
$224,000
Sold Price
$215,000
Premium/Discount to List
-$9,000
-4.02%
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
$86,009
Avg. Annual Appreciation
8.96%
Original Mortgage
$182,750
Outstanding Balance
$168,094
Interest Rate
2.96%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$132,915
Purchase Details
Listed on
Jun 20, 2012
Closed on
Mar 17, 2014
Sold by
Mallory Virginia R and Davenport Rebecca M
Bought by
Seavey Ryan K
Seller's Agent
John Colannino
ERA Dawson-Bradford Co.
Buyer's Agent
Zach Malloy
ERA Dawson-Bradford Co.
List Price
$149,900
Sold Price
$130,000
Premium/Discount to List
-$19,900
-13.28%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.07%
Original Mortgage
$127,645
Interest Rate
4.32%
Mortgage Type
FHA
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 |
|---|---|---|---|
| Chase Drew J | -- | None Available | |
| Chase Drew J | -- | None Available | |
| Seavey Ryan K | -- | -- | |
| Seavey Ryan K | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Chase Drew J | $182,750 | |
| Closed | Chase Drew J | $182,750 | |
| Previous Owner | Seavey Ryan K | $157,500 | |
| Previous Owner | Seavey Ryan K | $127,645 | |
| Previous Owner | Davenport Rebecca M | $45,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/24/2023 05/24/23 | Sold | $275,000 | -6.7% | $94 / Sq Ft |
| 05/04/2023 05/04/23 | Pending | -- | -- | -- |
| 04/06/2023 04/06/23 | For Sale | $294,900 | +37.2% | $100 / Sq Ft |
| 07/21/2021 07/21/21 | Sold | $215,000 | -4.0% | $73 / Sq Ft |
| 06/05/2021 06/05/21 | Pending | -- | -- | -- |
| 05/19/2021 05/19/21 | For Sale | $224,000 | +72.3% | $76 / Sq Ft |
| 03/14/2014 03/14/14 | Sold | $130,000 | -13.3% | $48 / Sq Ft |
| 01/18/2014 01/18/14 | Pending | -- | -- | -- |
| 06/25/2012 06/25/12 | For Sale | $149,900 | -- | $55 / 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 | $4,674 | $248,600 | $33,300 | $215,300 |
| 2023 | $4,529 | $225,300 | $31,300 | $194,000 |
| 2021 | $4,188 | $187,800 | $25,000 | $162,800 |
| 2020 | $2,471 | $133,600 | $25,000 | $108,600 |
| 2019 | $2,543 | $130,600 | $25,000 | $105,600 |
| 2018 | $2,650 | $130,600 | $25,000 | $105,600 |
| 2017 | $2,939 | $130,600 | $25,000 | $105,600 |
| 2016 | $2,811 | $130,600 | $25,000 | $105,600 |
| 2015 | $2,811 | $130,600 | $25,000 | $105,600 |
| 2014 | $2,732 | $130,600 | $25,000 | $105,600 |
| 2013 | $3,768 | $180,100 | $22,700 | $157,400 |
Source: Public Records
Agents Affiliated with this Home
-
Joshua Goston
-
M
Buyer's Agent in 2023
Michael Spencer
Better Homes & Gardens Real Estate/The Masiello Group
(207) 812-4009
-
Katherine Dawson
Seller's Agent in 2021
Katherine Dawson
ERA Dawson-Bradford Co.
(207) 951-5539
88 Total Sales
-
J
Seller's Agent in 2014
John Colannino
ERA Dawson-Bradford Co.
-
Z
Buyer's Agent in 2014
Zach Malloy
ERA Dawson-Bradford Co.
Map
Source: Maine Listings
MLS Number: 1555534
APN: BRER-000032-000000-000125
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