NOT LISTED FOR SALE

189 Spring St Westbrook, ME 04092

Westbrook Area

Estimated Value: $456,224 - $647,000

4 Beds
2 Baths
1,260 Sq Ft
$420/Sq Ft Est. Value

Sale Details

Date Sold: August 13, 2020

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

Est. 134% increase in value since last sale

Current estimated payment $3,442 / mo

2 Days on Market

Highlights

  • Cape Cod Architecture
  • Zoned Heating
  • Baseboard Heating
  • No HOA
  • Property is near golf course and shops
  • 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 Agent to Sell the Property

James Lindvall Jr

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

Last Buyer's Agent

James Lindvall

WRE Commercial Brokers

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,262

Year Built

  • Built in 1945

Lot Details

  • 5,663 Sq Ft Lot
  • Property fronts a freeway
  • 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 golf course and shops

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

5,663 Sq Ft Lot

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
  • Contract Information:List PriceSqFt: 174.6
  • Property Information:Seasonal: 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
  • Advertising Remarks:Advertising Remarks: Great investment opportunity in Westbrook with this two unit. Live in one and rent out the other or rent both as investment property. This multi unit is a must see for anyone trying to get into the Westbrook housing market and wants to make some extra cash. Home needs some TLC so bring your vision! Call James 207-232-7366 to set up a private showing.
  • 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 Lot: 002
  • Tax Year: 2018

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2020
Closed on
Aug 13, 2020
Sold by
Bought by
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%
Current Estimated Value
$529,056

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$303,056
Avg. Annual Appreciation
15.31%
Original Mortgage
$169,500
Outstanding Balance
$147,279
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$381,777
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Westbrook, ME

  • Kristin Rofe Real Estate Agent - Dream Home Realty LLC

    Kristin Rofe

    Dream Home Realty LLC

    (207) 515-8417

    86 Total Sales

    1 in Westbrook

    $390,000 Price

    Kristin Rofe
     Section Image
  • Jonathon Stinson Real Estate Agent - Keller Williams Realty

    Jonathon Stinson

    Keller Williams Realty

    (207) 707-6378

    52 Total Sales

    1 in Westbrook

    $423,000 Price

    Jonathon Stinson
     Section Image
  • Craig Garrett Real Estate Agent - Tim Dunham Realty

    Craig Garrett

    Tim Dunham Realty

    (207) 687-1055

    78 Total Sales

    1 in Westbrook

    $345,000 Price

    Craig Garrett
     Section Image
  • Ashley Fearon Real Estate Agent - A Team Realty

    Ashley Fearon

    A Team Realty

    (877) 780-5160

    93 Total Sales

    2 in Westbrook

    $613K - $970K Price Range

    Ashley Fearon
     Section Image
  • Nova Tower Real Estate Agent - Waypoint Brokers Collective

    Nova Tower

    Waypoint Brokers Collective

    (646) 971-8783

    80 Total Sales

    1 in Westbrook

    $446,000 Price

    Nova Tower
     Section Image
  • Andrea Babbin Wood Real Estate Agent - Breakwater Realty Group, LLC

    Andrea Babbin Wood

    Responds Quickly

    Breakwater Realty Group, LLC

    (877) 661-1589

    75 Total Sales

    3 in Westbrook

    $435K - $575K Price Range

    Andrea Babbin Wood
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $169,500
Previous Owner $3,828
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

  • J

    Seller's Agent in 2020

    James Lindvall Jr

    J T Leahy Real Estate

    (207) 232-7366

    16 Total Sales

    James Lindvall Jr
    Section Image

  • J

    Buyer's Agent in 2020

    James Lindvall

    WRE Commercial Brokers

See All Agents

Map

Source: Maine Listings

MLS Number: 1459436

Maine Listings

APN: WSBR-000029-000000-000002

Maine Cumberland County Westbrook 04092

189 Spring St, Westbrook, ME

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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