NOT LISTED FOR SALE

189 Spring St Westbrook, ME 04092

Estimated Value: $419,000 - $601,000

4 Beds
2 Baths
1,260 Sq Ft
$399/Sq Ft Est. Value

Last Sold August 13, 2020

Last sale price $226,000 $179 Per Sq Ft

Est. 123% increase in value since last sale

Current estimated payment $3,174/month

2 Days on Market

Highlights

  • Cape Cod Architecture
  • Zoned Heating
  • Property is near a golf course
  • No HOA
  • Baseboard Heating
  • Level Lot

About This Home

As of August 2020

Great investment opportunity in Westbrook with this two unit. Live in one and rent out the other or rent both as investment property. Current rental income is well below market rate. Home needs some TLC so bring your vision! This multi unit is a must see for anyone trying to get into the Westbrook housing market and wants to make some extra cash! House will be conveyed vacant. Schedule a showing today as this property won't last long!

Last Listed By

James Lindvall Jr

J T Leahy Real Estate Listed on: 07/08/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,262

Year Built

  • Built in 1945

Lot Details

  • 5,663 Sq Ft Lot
  • Level Lot

Home Design

  • 1,260 Sq Ft Home
  • Cape Cod Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Flooring

  • Carpet
  • Vinyl

Unfinished Basement

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

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Kerosene
  • Baseboard Heating
  • Natural Gas Not Available
  • Electric Water Heater

Additional Features

  • 2 Full Bathrooms
  • Property is near a golf course

Listing and Financial Details

  • Tax Lot 002
  • Assessor Parcel Number WSBR-000029-000000-000002

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $6,002
  • Gross Income $7,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,262

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.13
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From Main St or William Clark Dr turn onto Spring St and house is on the right.
  • Above Grade Finished Sq Ft: 1260.0
  • Architectural Style: Cape
  • Garage Yn: No
  • Year Built: 1945
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.13
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1260.0
  • Property Information:Garage: No
  • Site:Level: 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
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Style:Cape: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 7200.0
  • Income Expenses Operating Expenses: 6002.23
  • Parking:On Site2: Yes
  • Parking:Paved3: Yes
  • Heat Fuel:K-1Kerosene: Yes
  • Basement:Sump Pump: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Sump Pump, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Flooring: Vinyl, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Near Golf Course, Near Shopping, Near Turnpike/Interstate, Near Town
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Shingle

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5662.8
  • Parcel #: WSBR-000029-000000-000002
  • Zoning: 11

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 7200.0
  • Annual Operating Expense: 6002.23

Tax Info

  • Tax Annual Amount: 3262.0
  • Tax Book Number: 18739
  • Tax Lot: 002
  • Tax Map Number: 029
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2020
Closed on
Aug 13, 2020
Sold by
Stcyr April
Bought by
Alsamraee Mushreq J
Seller's Agent
James Lindvall Jr
J T Leahy Real Estate
Buyer's Agent
James Lindvall
WRE Commercial Brokers
List Price
$220,000
Sold Price
$226,000
Premium/Discount to List
$6,000
2.73%
Total Days on Market
2
Current Estimated Value
$503,197

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$277,197
Avg. Annual Appreciation
16.53%
Original Mortgage
$169,500
Outstanding Balance
$153,369
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$316,950

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
Alsamraee Mushreq J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alsamraee Mushreq J $169,500
Previous Owner Stcyr April $3,828
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2020 08/13/20 Sold $226,000 +2.7% $179 / Sq Ft
07/11/2020 07/11/20 Pending -- -- --
07/08/2020 07/08/20 For Sale $220,000 -- $175 / 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
2023 $4,297 $257,600 $79,800 $177,800
2022 $3,899 $215,400 $66,500 $148,900
2021 $3,841 $215,400 $66,500 $148,900
2020 $3,847 $215,400 $66,500 $148,900
2019 $3,847 $215,400 $66,500 $148,900
2018 $3,262 $163,500 $57,800 $105,700
2017 $3,087 $163,500 $57,800 $105,700
2016 $3,008 $163,500 $57,800 $105,700
2015 $2,936 $163,500 $57,800 $105,700
2014 $2,812 $163,500 $57,800 $105,700
2013 $2,812 $163,500 $57,800 $105,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1459436

Maine Listings

APN: WSBR-000029-000000-000002