$273,000
SOLD MAY 7, 2021

171 Walnut St Lewiston, ME 04240

-- Bed
3 Baths
3,124 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$87 Per Sq Ft

3% Above List Price

11 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • 2 Car Detached Garage
  • Wood Flooring
  • Screened Porch
  • Bathtub

About This Home

As of September 2021

First time on the market in 55 years! Wow! This meticulously maintained 3-unit apartment building is ideal for owner occupancy. Upstairs unit is incredibly spacious with formal dining room, three bedrooms, and a front porch and a screened in back porch plus plenty of storage space. It truly feels like single family living! Two downstairs unit consists of a big eat-in kitchen, living room, bedroom laundry hookup and bathroom. Enjoy the many comforts this home has to offer while the tenants pay your mortgage! This property is a must see - you will understand why the current owners have happily called this home for over 50 years.

Last Agent to Sell the Property

Laura Craig

Legacy Realty Listed on: 04/05/2021

Last Buyer's Agent

Jeffrey Walker

Coldwell Banker Residential Brokerage

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
  • Automatic Garage Door Opener
  • Garage Door Opener
  • Driveway
  • Off-Street Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Brick Foundation
  • Concrete Foundation
  • Wood Frame Construction
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Masonry

Interior Spaces

  • 3,124 Sq Ft Home
  • Multi-Level Property
  • Screened Porch
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Full Bathrooms
  • Bathtub

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Brick Basement

Accessible Home Design

  • Bath Modification

Location

  • Property is near public transit
  • City Lot

Utilities

  • Air Conditioning
  • Forced Air Zoned Heating System
  • Radiator
  • Heating System Uses Oil
  • Hot Water Heating System
  • Internet Available
  • Cable TV Available

Listing and Financial Details

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

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • The community has rules related to deed restrictions

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $6,161
  • Gross Income $9,600

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: Heading on Webster Street towards Pine Street, turn Left onto Walnut Street. Property is the second one on the left.
  • Above Grade Finished Sq Ft: 3124.0
  • Architectural Style: Multi-Level
  • Garage Yn: Yes
  • Year Built: 1926
  • Location Information:Leased Land: No
  • Property Information:Seasonal: 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
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Amenities:Storage: Yes
  • Property Information:Garage Spaces: 2.0
  • Exterior:Vinyl Siding: Yes
  • Amenities:Laundry - Hookup: Yes
  • Vehicle Storage:Auto Door Opener: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:BrickMortar2: Yes
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 9600.0
  • Income Expenses Operating Expenses: 6161.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Amenities:Bathtub: Yes
  • Parking:Paved3: Yes
  • Gas:Natural - At Street: Yes
  • Property Information:Short Sale Continue to Show: No
  • Basement:BrickMortar: Yes
  • Equipment:Internet Access Available: Yes
  • Property Information:Deed Restrictions: Yes
  • Property Information:Bank Owned REO: No
  • Equipment:Cable: Yes
  • Utility Info Electric On Site: Yes
  • Water Info:Island3: No
  • Exterior:Brick: Yes
  • Heat System:Radiator: Yes
  • Cooling:AC Units: Yes
  • Transportation:Public Transport Access: Yes
  • Roof:Flat: Yes
  • Construction:Masonry: Yes
  • Accessibilitiy Amenities:Other Bath Modifications: Yes
  • Patio and Porch Features:Porch-Screened: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Accessibility Features: Other Bath Modifications
  • Has Basement: Brick/Mortar, Full, Not Applicable, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl, Laminate, Carpet
  • Interior Amenities: Bathtub, Storage
  • Full Basement: Yes

Exterior Features

  • Lot Features: Open Lot, Sidewalks, Intown, Near Shopping, Near Turnpike/Interstate, Neighborhood, Near Public Transit
  • Waterfront: No
  • Construction Type: Vinyl Siding, Brick, Masonry, Wood Frame
  • Foundation Details: Concrete Perimeter, Brick/Mortar
  • Patio And Porch Features: Porch, Screened
  • Roof: Flat
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: 5 - 10 Spaces, Paved, On Site, Garage Door Opener, Detached, Off Street

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: A/C Units
  • Cooling Y N: Yes
  • Heating: Radiator, Multi-Zones, Hot Water, Forced Air
  • Heating Yn: Yes
  • Electric: On Site, Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Schools

  • Junior High Dist: Lewiston Public Schools

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: 9600.0
  • Annual Operating Expense: 6161.0

Tax Info

  • Tax Annual Amount: 3024.0
  • Tax Block: 000
  • 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%
Current Estimated Value
$403,499

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,499
Avg. Annual Appreciation
5.35%
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 Type Sale Price Title Company
Warranty Deed -- None Available
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $304,385 FHA
Previous Owner $218,400 Purchase Money Mortgage
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: 1485195

Maine Listings

APN: LEWI-000195-000000-000153