Seller's Agent in 2023
Mandy Wheeler
U&R Real Estate
(207) 333-1050
3 in this area
268 Total Sales
16 Mentor St Westbrook, ME 04092
Frenchtown NeighborhoodEstimated Value: $594,000 - $662,161
5
Beds
3
Baths
2,345
Sq Ft
$263/Sq Ft
Est. Value
Highlights
- River Front
- New Englander Architecture
- Interior Lot
- Wood Flooring
- No HOA
- Shed
About This Home
As of February 2023A wonderful investment opportunity! This large 3 unit overlooking the Presumpscot River is ready for its new owner! Situated in an ideal spot close to downtown Westbrook, this oversized .25 acre lot with 3 unit building has major potential. Units 1 and 2 are both 2 bedroom/1 bath units, and Unit 3 is a small 1 bedroom/1 bath. Units 1 and 3 have had recent renovations - both have new flooring, and unit 3 has a new kitchen. Unit 2 is dated but rentable, and could go a long way with a little sweat equity. There is laundry on site, a cool bonus space in the basement that can be used as a jam space/art studio/you name it, a large driveway that can fit up to 10 vehicles, an oversized backyard, and a bonus shed for storage. Recent updates include new exterior paint on the trim, and half of the roof reshingled in 2022! Energy efficient boiler is only 8-10 years old. Only 3 minutes to downtown Westbrook or 15 minutes to downtown Portland. An excellent opportunity for an owner occupant or investor. To view a full video walk through, head over to YouTube and search for the property address. Property needs 24 hours notice to view. Thanks for your interest!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,875
Year Built
- Built in 1890
Lot Details
- 0.25 Acre Lot
- River Front
- Landscaped
- Interior Lot
Home Design
- New Englander Architecture
- Wood Frame Construction
- Shingle Roof
- Asbestos Siding
- Asbestos
Interior Spaces
- 3 Full Bathrooms
- 2,345 Sq Ft Home
- Multi-Level Property
- Water Views
Flooring
- Wood
- Laminate
Basement
- Walk-Out Basement
- Exterior Basement Entry
Parking
- Driveway
- Paved Parking
- Off-Street Parking
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Baseboard Heating
- Electric Water Heater
Additional Features
- Shed
- City Lot
Listing and Financial Details
- Tax Lot 20
- Assessor Parcel Number WSBR-000039-000000-000020
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- Operating Expense $9,775
- Gross Income $54,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 8, 2018
Sold by
Simoneau Dennis J and Simoneau Donald J
Bought by
Coyne Operated Props Llc
Current Estimated Value
Purchase Details
Closed on
Jan 5, 2012
Sold by
Simoneau Dennis J and Rogers Crystal A
Bought by
Simoneau Dennis J and Rogers Crystal A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,799
Interest Rate
3.98%
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 |
|---|---|---|---|
| Coyne Operated Props Llc | -- | -- | |
| Simoneau Dennis J | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sorensen Grant M | $535,128 | |
| Previous Owner | Simoneau Dennis J | $188,799 | |
| Previous Owner | Simoneau Crystal | $5,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/28/2023 02/28/23 | Sold | $545,000 | +1.9% | $232 / Sq Ft |
| 01/14/2023 01/14/23 | Pending | -- | -- | -- |
| 01/07/2023 01/07/23 | For Sale | $535,000 | -- | $228 / 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 |
|---|---|---|---|---|
| 2023 | $4,954 | $297,000 | $84,600 | $212,400 |
| 2022 | $3,857 | $213,100 | $70,500 | $142,600 |
| 2021 | $3,800 | $213,100 | $70,500 | $142,600 |
| 2020 | $3,806 | $213,100 | $70,500 | $142,600 |
| 2019 | $3,806 | $213,100 | $70,500 | $142,600 |
| 2018 | $3,537 | $177,300 | $61,300 | $116,000 |
| 2017 | $1,870 | $177,300 | $61,300 | $116,000 |
| 2016 | $3,262 | $177,300 | $61,300 | $116,000 |
| 2015 | $3,184 | $177,300 | $61,300 | $116,000 |
| 2014 | $3,050 | $177,300 | $61,300 | $116,000 |
| 2013 | $3,050 | $177,300 | $61,300 | $116,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2023
Jessica Wallimann
Vitalius Real Estate Group, LLC
(207) 939-6832
2 in this area
159 Total Sales
Map
Source: Maine Listings
MLS Number: 1549814
APN: WSBR-000039-000000-000020
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