NOT LISTED FOR SALE

178 Bridge St Westbrook, ME 04092

Estimated Value: $669,000 - $812,606

8 Beds
3 Baths
3,188 Sq Ft
$231/Sq Ft Est. Value

Last Sold May 28, 2021

Last sale price $600,000 $188 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $4,567/month

32 Days on Market

Highlights

  • Additional Residence on Property
  • Wood Flooring
  • No HOA
  • Deck
  • Victorian Architecture
  • 3 Car Detached Garage

About This Home

As of May 2021

Great opportunity for both investors and owner occupied buyers. This 3 unit with oversized garage has seen many recent improvements and is completely vacant and ready for new tenants to be put in place by the new owner. Newly finished hardwood flooring throughout and freshly painted interiors along with this intown location will bring excellent rents! All offers due Saturday 3/6/21 by 7pm. Please give 24 hours for response.

Last Agent to Sell the Property

Jeffrey Walker

Bean Group Listed on: 03/03/2021

Last Buyer's Agent

Paul Goldstein

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,490

Year Built

  • Built in 1925

Lot Details

  • 0.26 Acre Lot
  • Open Lot
  • Lot Has A Rolling Slope

Parking

  • 3 Car Detached Garage
  • Driveway

Home Design

  • Victorian Architecture
  • Block Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Aluminum Siding

Interior Spaces

  • 3 Full Bathrooms
  • 3,188 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Carpet
  • Vinyl

Unfinished Basement

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

Location

  • Property is near golf course
  • City Lot

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Gas Water Heater
  • Internet Available

Additional Features

  • Deck
  • Additional Residence on Property

Listing and Financial Details

  • Tax Lot 118
  • Assessor Parcel Number WSBR-000038-000000-000118

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Coin Laundry

Building Details

  • Operating Expense $12,000
  • Gross Income $69,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,490

Year Built

Built in 1925

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.26
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Bridge Street between Mitchell St and Pierce St
  • Above Grade Finished Sq Ft: 3188.0
  • Architectural Style: Victorian
  • Garage Yn: Yes
  • Building Stories: 2
  • Year Built: 1925
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 180.36
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.26
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3188.0
  • Property Information:Garage: Yes
  • Site:Open: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Water Heater:Gas: Yes
  • Property Information:Garage Spaces: 3.0
  • Gas:Natural - On Site: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Roof:Composition2: Yes
  • Property Information:Number of Units: 3
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 69600.0
  • Income Expenses Operating Expenses: 12000.0
  • Parking:On Site2: Yes
  • Foundation Materials:Block3: Yes
  • Exterior:Wood Siding: Yes
  • Equipment:Internet Access Available: Yes
  • Site:RollingSloping: Yes
  • Property Information:Deed Restrictions: Unknown
  • Exterior:Aluminum Siding: Yes
  • Building Info:_pound_ Floors3: 2
  • Amenities:Laundry - Coin: Yes
  • Advertising Remarks:Advertising Remarks: Great opportunity for both investors and owner occupied buyers. This 3 unit with oversized garage has seen many recent improvements and is completely vacant and ready for new tenants to be put in place by the new owner. Newly finished hardwood flooring throughout and freshly painted interiors along with this intown location will bring excellent rents!
  • Property Information 2 Detached Houses on 1 Lot: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Full, Exterior Entry, Bulkhead, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl, Carpet
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Open Lot, Rolling Slope, Sidewalks, Intown, Near Golf Course, Near Shopping, Near Town, Neighborhood
  • Waterfront: No
  • Construction Type: Wood Siding, Aluminum Siding, Wood Frame
  • Foundation Details: Block
  • Patio And Porch Features: Deck
  • Roof: Composition, Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features: 5 - 10 Spaces, Paved, On Site, Detached

Utilities

  • Laundry Features: Laundry - Coin
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Baseboard, Hot Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Westbrook Public Schools

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 11325.6
  • Parcel #: WSBR-000038-000000-000118
  • Zoning: Res 1

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 69600.0
  • Annual Operating Expense: 12000.0

Tax Info

  • Tax Annual Amount: 5490.0
  • Tax Lot: 118
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2021
Closed on
May 21, 2021
Sold by
Lebeau Gregory A and Lebeau Michelle A
Bought by
Tica Rebecca M and Luzingu Samuel M
Seller's Agent
Jeffrey Walker
Bean Group
Buyer's Agent
Paul Goldstein
Keller Williams Realty
List Price
$575,000
Sold Price
$600,000
Premium/Discount to List
$25,000
4.35%
Current Estimated Value
$736,902

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$136,902
Avg. Annual Appreciation
4.50%
Original Mortgage
$589,132
Outstanding Balance
$533,066
Interest Rate
3%
Mortgage Type
FHA
Estimated Equity
$203,836

Purchase Details

Listed on
Jan 11, 2020
Closed on
Mar 19, 2020
Sold by
Higgins Christopher S
Bought by
Lebeau Gregory A and Lebeau Michelle A
Seller's Agent
Andrew Snyder
Benchmark Real Estate
Buyer's Agent
Jeffrey Walker
Coldwell Banker Residential Brokerage
List Price
$389,000
Sold Price
$385,000
Premium/Discount to List
-$4,000
-1.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
45.19%
Original Mortgage
$288,750
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 8, 2008
Sold by
Timothy Haley Lt
Bought by
Higgins Christopher S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
6.01%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 26, 2007
Sold by
Haley Timothy J
Bought by
Timothy Haley Lt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
6.18%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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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
Tica Rebecca M -- New England Title
Lebeau Gregory A -- None Available
Higgins Christopher S -- --
Timothy Haley Lt -- --
Haley Timothy J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tica Rebecca M $589,132
Previous Owner Lebeau Gregory A $288,750
Previous Owner Haley Timothy J $248,000
Previous Owner Haley Timothy J $224,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/28/2021 05/28/21 Sold $600,000 +4.3% $188 / Sq Ft
04/05/2021 04/05/21 Pending -- -- --
03/03/2021 03/03/21 For Sale $575,000 +49.4% $180 / Sq Ft
03/19/2020 03/19/20 Sold $385,000 -1.0% $121 / Sq Ft View Prior Sale
01/15/2020 01/15/20 Pending -- -- --
12/12/2019 12/12/19 For Sale $389,000 -- $122 / Sq Ft
Source: Maine Listings

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 $6,300 $377,700 $84,700 $293,000
2022 $5,720 $316,000 $70,600 $245,400
2021 $5,634 $316,000 $70,600 $245,400
2020 $5,490 $307,400 $70,600 $236,800
2019 $5,490 $307,400 $70,600 $236,800
2018 $5,042 $259,700 $61,400 $198,300
2017 $4,903 $259,700 $61,400 $198,300
2016 $4,778 $259,700 $61,400 $198,300
2015 $4,664 $259,700 $61,400 $198,300
2014 $4,467 $259,700 $61,400 $198,300
2013 $4,467 $259,700 $61,400 $198,300
Source: Public Records

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Map

Source: Maine Listings

MLS Number: 1483358

Maine Listings

APN: WSBR-000038-000000-000118