NOT LISTED FOR SALE

148 Forest St Westbrook, ME 04092

-- Bed
4 Baths
4,620 Sq Ft
0.54 Acres

Last Sold September 08, 2020

Last sale price $681,000 $147 Per Sq Ft

6 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Zoned Heating System
  • 4 Car Garage
  • No HOA
  • Baseboard Heating

About This Home

As of September 2020

Amazing opportunity for an investor looking to add to their portfolio or anyone seeking to owner occupy! In the main building, both levels 1 & 2 offer an array of old classic charm with hardwood floors, generous ceiling height, detailed wooden trim, casings & headers, large living rooms, 3 bedrooms each and full bathrooms. The 3rd level offers a newly renovated modern look with 2 bedrooms, large kitchen/living area and a full bath. The 4 bay garage offers endless possibilities for additional income! Nestled above is approximately 1300+ sqft. of remodeled living space offering a large bedroom, eat-in style kitchen, living area and a full bath; all separate from an additional owners suite. Situated on a large .54 acres lot it is quiet, private & perfect - cash flow!

Last Agent to Sell the Property

Danny Reali

Portside Real Estate Group Listed on: 07/09/2020

Last Buyer's Agent

Melissa Richter

Coldwell Banker Realty

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,413

Year Built

  • Built in 1910

Lot Details

  • 0.54

Parking

  • 4 Car Garage
  • Driveway

Home Design

  • 4,620 Sq Ft Home
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Utilities

  • No Cooling
  • Forced Air Zoned Heating System
  • Heating System Uses Kerosene
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Hot Water Heating System
  • Electric Water Heater

Additional Features

  • 4 Full Bathrooms
  • 0.54 Acre Lot

Listing and Financial Details

  • Tax Lot 022
  • Assessor Parcel Number WSBR-000035-000000-000022

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $18,732
  • Gross Income $67,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,413

Year Built

Built in 1910

Lot Details

0

Parking

4

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.54
  • MLS Status: Closed
  • Directions: Main St., to Forest St #148 sign on property
  • Above Grade Finished Sq Ft: 4620.0
  • Architectural Style: Other Style
  • Garage Yn: Yes
  • Year Built: 1910
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 140.48
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.54
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 4620.0
  • Property Information:Garage: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Property Information:Garage Spaces: 4.0
  • Exterior:Vinyl Siding: Yes
  • Heat Fuel:Electric: Yes
  • Gas:Natural - On Site: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 4
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 67200.0
  • Income Expenses Operating Expenses: 18732.0
  • Heat Fuel:K-1Kerosene: Yes
  • Washer/Dryer Other Location: Yes
  • Heat System:Direct Vent Furnace: Yes
  • Heat Fuel:Multi-Fuel System: Yes
  • Advertising Remarks:Advertising Remarks: Amazing opportunity for an investor looking to add to their portfolio or anyone seeking to owner occupy! In the main building, both levels 1 & 2 offer an array of old classic charm with hardwood floors, generous ceiling height, detailed wooden trim, casings & headers, large living rooms, 3 bedrooms each and full bathrooms. The 3rd level offers a newly renovated modern look with 2 bedrooms, large kitchen/living area and a full bath. The 4 bay garage offers endless possibilities for additional income! Nestled above is approximately 1300+ sqft. of remodeled living space offering a large bedroom, eat-in style kitchen, living area and a full bath; all separate from an additional owners suite. Situated on a large .54 acres lot it is quiet, private & perfect - cash flow!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Exterior Entry, Bulkhead, Interior Entry, Unfinished
  • Full Bathrooms: 4
  • Flooring: Wood, Vinyl, Tile, Other, Laminate, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Near Turnpike/Interstate, Near Town, Neighborhood, Other
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 4.0
  • Parking Features: 5 - 10 Spaces, Paved

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Forced Air, Direct Vent Furnace, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On, Pole
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 23522.4
  • Parcel #: WSBR-000035-000000-000022
  • Zoning: 11

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 67200.0
  • Annual Operating Expense: 18732.0

Tax Info

  • Tax Annual Amount: 8413.0
  • Tax Lot: 022
  • Tax Year: 2020

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/08/2020 09/08/20 Sold $681,000 +4.9% $147 / Sq Ft
07/16/2020 07/16/20 Pending -- -- --
07/09/2020 07/09/20 For Sale $649,000 +36.6% $140 / Sq Ft
09/07/2018 09/07/18 Sold $475,000 -13.6% $103 / Sq Ft View Prior Sale
07/16/2018 07/16/18 Pending -- -- --
05/16/2018 05/16/18 For Sale $549,900 -- $119 / 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
2023 $10,493 $629,100 $90,300 $538,800
2022 $9,524 $526,200 $75,200 $451,000
2021 $9,382 $526,200 $75,200 $451,000
2020 $8,425 $471,700 $75,200 $396,500
2019 $8,425 $471,700 $75,200 $396,500
2018 $6,980 $359,500 $65,400 $294,100
2017 $6,787 $359,500 $65,400 $294,100
2016 $6,615 $359,500 $65,400 $294,100
2015 $6,457 $359,500 $65,400 $294,100
2014 $6,183 $359,500 $65,400 $294,100
2013 $6,183 $359,500 $65,400 $294,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1459752

Maine Listings

APN: WSBR 035-022