Seller's Agent in 2023
Ann Cianchette
Keller Williams Realty
(207) 318-5318
4 in this area
134 Total Sales
16 Spring St Westbrook, ME 04092
Estimated Value: $623,910 - $1,256,000
4
Beds
2
Baths
1,948
Sq Ft
$428/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- Main Floor Bedroom
- No HOA
- Wood Flooring
- Corner Lot
- 2 Car Attached Garage
About This Home
As of May 2023Antique Two Unit on .3 acre with the potential to be developed into a 7-unit Condominium Development. Also listed as Commercial MLS #1557578 because of development potential part way through the approval process. Currently rented month-to-month at under market rents, this property could be converted back to a single family, kept as a 2 unit and brought up to market rent, or turned into a larger development. Seller will assist buyer with condo development final approval if buyer is interested. The first floor unit offers 2-3 bedrooms and a full bath and the 2nd floor has one bedroom, one bath. Washer Dryer in basement belong to tenants on first floor. Month to month tenants are in place, seller pays for water, sewer, oil, plowing and insurance. Tenants mow. Each unit has one garage bay in the 2-car garage. There will be group showing Friday May 5 from 4:30-6PM as offered in ShowingTime. BY APPOINTMENT ONLY. Please use showingtime.
Last Agent to Sell the Property
Keller Williams Realty Brokerage Email: info@MaineDreamProperties.com Listed on: 05/01/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,254
Year Built
- Built in 1900
Lot Details
- 0.3 Acre Lot
- Corner Lot
- Level Lot
- Open Lot
Parking
- 2 Car Attached Garage
- Driveway
- Off-Street Parking
Home Design
- Colonial Architecture
- Stone Foundation
- Wood Frame Construction
- Pitched Roof
- Shingle Roof
- Wood Siding
- Vinyl Siding
Interior Spaces
- 1,948 Sq Ft Home
- 2-Story Property
- Washer and Dryer Hookup
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- Main Floor Bedroom
- 2 Full Bathrooms
- Bathtub
Unfinished Basement
- Partial Basement
- Interior Basement Entry
Location
- City Lot
Utilities
- No Cooling
- Space Heater
- Heating System Uses Oil
- Heating System Uses Propane
- Hot Water Heating System
- Water Heated On Demand
- Cable TV Available
Listing and Financial Details
- Tax Lot 114
- Assessor Parcel Number WSBR-000033-000000-000114
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Operating Expense $10,584
- Gross Income $24,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 1, 2023
Closed on
May 19, 2023
Sold by
Boulette Gregory J
Bought by
Robie Holdings Llc
Seller's Agent
Ann Cianchette
Keller Williams Realty
Buyer's Agent
Cari Turnbull
Maine Real Estate Experts
List Price
$477,000
Sold Price
$502,000
Premium/Discount to List
$25,000
5.24%
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
$331,978
Avg. Annual Appreciation
20.68%
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Robie Holdings Llc | $502,000 | None Available | |
| Robie Holdings Llc | $502,000 | None Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/19/2023 05/19/23 | Sold | $502,000 | +5.2% | $258 / Sq Ft |
| 05/04/2023 05/04/23 | Pending | -- | -- | -- |
| 05/01/2023 05/01/23 | For Sale | $477,000 | -- | $245 / 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 | $5,096 | $305,500 | $85,200 | $220,300 |
| 2022 | $4,254 | $235,000 | $71,000 | $164,000 |
| 2021 | $4,190 | $235,000 | $71,000 | $164,000 |
| 2020 | $3,438 | $235,000 | $71,000 | $164,000 |
| 2019 | $2,258 | $235,000 | $71,000 | $164,000 |
| 2018 | $3,122 | $181,600 | $61,700 | $119,900 |
| 2017 | $3,429 | $181,600 | $61,700 | $119,900 |
| 2016 | $2,041 | $181,600 | $61,700 | $119,900 |
| 2015 | $3,262 | $181,600 | $61,700 | $119,900 |
| 2014 | $3,124 | $181,600 | $61,700 | $119,900 |
| 2013 | $3,124 | $181,600 | $61,700 | $119,900 |
Source: Public Records
Agents Affiliated with this Home
-
Ann Cianchette
-
Cari Turnbull
Buyer's Agent in 2023
Cari Turnbull
Maine Real Estate Experts
(207) 807-2062
7 in this area
123 Total Sales
Map
Source: Maine Listings
MLS Number: 1557586
APN: WSBR-000033-000000-000114
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Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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