NOT LISTED FOR SALE

171 Walnut St Lewiston, ME 04240

Estimated Value: $360,000 - $425,000

5 Beds
3 Baths
3,124 Sq Ft
$129/Sq Ft Est. Value

Last Sold September 09, 2021

Last sale price $310,000 $99 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $2,614/month

8 Days on Market

Highlights

  • Deck
  • No HOA
  • Air Conditioning
  • Wood Flooring
  • 2 Car Detached Garage
  • Forced Air Heating System

About This Home

As of September 2021

Well Maintained, move in ready 3 unit in walking distance to Bates College, St Marys Hospital and Central Maine Medical Center. Vinyl siding, replacement windows, newer furnace, the roof was replaced in the 2000's and there's a two car garage with plenty of parking. The side vacant lot can be built on or left empty for your tenants to enjoy. Don't miss out on this beautiful building!

Last Agent to Sell the Property

Kristi Huard-Norcross

The Maine Real Estate Experience Listed on: 07/12/2021

Last Buyer's Agent

Evan Lelansky

Berkshire Hathaway HomeServices Northeast Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,024

Year Built

  • Built in 1926

Lot Details

  • 9,583 Sq Ft Lot
  • Open Lot

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Membrane Roofing
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3 Full Bathrooms
  • 3,124 Sq Ft Home
  • Multi-Level Property
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Vinyl

Unfinished Basement

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

Utilities

  • Air Conditioning
  • Forced Air Heating System
  • Radiator
  • Heating System Uses Oil
  • Hot Water Heating System
  • Natural Gas Not Available
  • Oil Water Heater

Additional Features

  • Deck
  • City Lot

Listing and Financial Details

  • Tax Lot 153
  • Assessor Parcel Number LEWI-000195-000000-000153

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $6,161
  • Gross Income $7,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,024

Year Built

Built in 1926

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.22
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Take Webster street till you see Walnut. Look for the sign. GPS will take you there.
  • Above Grade Finished Sq Ft: 3124.0
  • Architectural Style: Multi-Level
  • Garage Yn: Yes
  • Year Built: 1926
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.22
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3124.0
  • Property Information:Garage: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Carpet: 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
  • Amenities:Storage: Yes
  • Property Information:Garage Spaces: 2.0
  • Exterior:Vinyl Siding: Yes
  • Amenities:Laundry - Hookup: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 3
  • Income Expenses Gross Income: 7200.0
  • Income Expenses Operating Expenses: 6161.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Parking:Paved3: Yes
  • Water Heater:Oil2: Yes
  • Heat System:Radiator: Yes
  • Roof:Membrane: Yes
  • Cooling:AC Units: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl, Carpet
  • Interior Amenities: Storage
  • Full Basement: Yes

Exterior Features

  • Lot Features: Open Lot, Sidewalks, Intown, Near Shopping, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck
  • Roof: Membrane
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: 1 - 4 Spaces, Paved, On Site, Detached

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: A/C Units
  • Cooling Y N: Yes
  • Heating: Radiator, Hot Water, Forced Air
  • 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: 9583.2
  • Parcel #: LEWI-000195-000000-000153
  • Zoning: NCA

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 7200.0
  • Annual Operating Expense: 6161.0

Tax Info

  • Tax Annual Amount: 3024.0
  • Tax Book Number: 2745
  • Tax Lot: 153
  • Tax Map Number: 195
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2021
Closed on
Sep 8, 2021
Sold by
Farm Hill Harbor Llc
Bought by
Babin Jeffrey A
Seller's Agent
Kristi Huard-Norcross
The Maine Real Estate Experience
Buyer's Agent
Evan Lelansky
Berkshire Hathaway HomeServices Northeast Real Estate
List Price
$299,900
Sold Price
$310,000
Premium/Discount to List
$10,100
3.37%
Total Days on Market
8
Current Estimated Value
$402,458

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,458
Avg. Annual Appreciation
5.49%
Original Mortgage
$304,385
Outstanding Balance
$281,753
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$97,914

Purchase Details

Listed on
Apr 5, 2021
Closed on
May 7, 2021
Sold by
Stonge Gerard and Stonge Blanche U
Bought by
Farm Hill Harbor Llc
Seller's Agent
Laura Craig
Legacy Realty
Buyer's Agent
Jeffrey Walker
Coldwell Banker Residential Brokerage
List Price
$265,000
Sold Price
$273,000
Premium/Discount to List
$8,000
3.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
45.33%
Original Mortgage
$218,400
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage
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
Babin Jeffrey A -- None Available
Farm Hill Harbor Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Babin Jeffrey A $304,385
Previous Owner Farm Hill Harbor Llc $218,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2021 09/09/21 Sold $310,000 +3.4% $99 / Sq Ft
07/21/2021 07/21/21 Pending -- -- --
07/12/2021 07/12/21 For Sale $299,900 +9.9% $96 / Sq Ft
05/07/2021 05/07/21 Sold $273,000 +3.0% $87 / Sq Ft
04/04/2021 04/04/21 Pending -- -- --
03/23/2021 03/23/21 For Sale $265,000 -- $85 / 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 $4,464 $140,500 $17,040 $123,460
2023 $4,215 $140,500 $17,040 $123,460
2022 $4,004 $140,500 $17,040 $123,460
2021 $3,518 $124,500 $17,040 $107,460
2020 $3,024 $105,480 $17,040 $88,440
2019 $3,049 $105,480 $17,040 $88,440
2018 $3,024 $105,480 $17,040 $88,440
2017 $2,956 $105,480 $17,040 $88,440
2016 $2,905 $105,480 $17,040 $88,440
2015 $2,887 $105,480 $17,040 $88,440
2014 $2,805 $105,480 $17,040 $88,440
2013 $2,789 $105,480 $17,040 $88,440
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1500186

Maine Listings

APN: LEWI-000195-000000-000153