$357,000
SOLD MAY 13, 2025

20 Preston St Waterville, ME 04901

-- Bed
2 Baths
1,976 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$181 Per Sq Ft

2% Above List Price

5 Days on Market

Highlights

  • Nearby Water Access
  • Wood Flooring
  • Main Floor Bedroom
  • Country Club
  • New Englander Architecture
  • No HOA

About This Home

As of May 2025

Welcome to 20 Preston Street, the perfect-owner occupied opportunity! Enjoy the recently updated first floor unit while the second floor pays the lion's share of the mortgage (if one). First floor unit has had extensive renovations since 2022 including lovely new kitchen, suspended ceilings removed and original ceilings brought back to life, new paint and more. Updated bath, beautiful hardwood floors, double living room/dining room or even a third bedroom?! Enclosed 3-season front porch plus an open porch on the side. Heat pumps in the living room and one bedroom. Beautiful original woodwork throughout. Second floor is a mirror image but has original kitchen cabinetry & carpeted floors. Long-time quality tenant. Basement offers a washer/dryer for each unit, 2 heating systems, 2 new heat pump water heaters & plenty of storage space. 2-car garage & spacious rear yard for an in-town lot. Convenient to just about all amenities. First floor unit has recently been used as a short term rental so heat, water sewer & electricity have been included in the rent. Heat is included for the second floor tenant simply as a convenience. Each unit has their own separate heating & water systems. This is a true gem in a wonderful location!

Last Agent to Sell the Property

Bart Stevens

Century 21 Nason Realty Listed on: 04/11/2025

Century 21 Nason Realty

Last Buyer's Agent

Rebecca Wilson

Better Homes & Gardens Real Estate/The Masiello Group

Better Homes & Gardens Real Estate/The Masiello Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,454

Year Built

  • Built in 1936

Lot Details

  • 6,534 Sq Ft Lot
  • Landscaped
  • Level Lot

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • New Englander Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,976 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Storm Doors
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 2 Full Bathrooms
  • Bathtub
  • Shower Only

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Eco-Friendly Details

  • Smart Grid Meter

Outdoor Features

  • Nearby Water Access
  • Enclosed Glass Porch

Location

  • Property is near a golf course
  • City Lot

Utilities

  • Cooling Available
  • Heating System Uses Oil
  • Heat Pump System
  • Radiant Heating System
  • Hot Water Heating System
  • Heating System Uses Steam
  • Natural Gas Not Available
  • Electric Water Heater
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 153
  • Assessor Parcel Number WAVL-000038-000000-000153

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Country Club

Building Details

  • Gross Income $37,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,454

Year Built

Built in 1936

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.15
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Preston Street is off of Silver Street. Property on the right. See sign.
  • Above Grade Finished Sq Ft: 1976.0
  • Architectural Style: Other, New Englander
  • Garage Yn: Yes
  • Unit Levels: Multi-Level
  • Efficiency: Smart Electric Meter
  • Building Stories: 2
  • Year Built: 1936
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.15
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1976.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Location:Near Golf Course: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: 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
  • Property Information:Garage Spaces: 2.0
  • Exterior:Vinyl Siding: Yes
  • Heat System:Heat Pump: Yes
  • Cooling:Heat Pump3: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:Shower: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Heat System:Radiant: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 37200.0
  • Parking:On Site2: Yes
  • Heat System:Steam: Yes
  • Amenities:Bathtub: Yes
  • Parking:Paved3: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Property Information:Bank Owned REO: No
  • Equipment:Cable: Yes
  • Location:Near Country Club: Yes
  • Water Heater:Heat Pump2: Yes
  • Energy Efficiency:Smart Electric Meter: Yes
  • Style:New Englander: Yes
  • Building Info:_pound_ Floors3: 2
  • Patio and Porch Features:Glassed-in Porch: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Other Equipment: Internet Access Available, Cable
  • Has Basement: Interior, Walk-Out Access, Full, Unfinished
  • Full Bathrooms: 2
  • Door Features: Storm Door(s)
  • Fireplace: No
  • Flooring: Wood, Vinyl, Laminate, Carpet
  • Interior Amenities: 1st Floor Bedroom, Bathtub, Shower
  • Stories: 2
  • Window Features: Double Pane Windows
  • Full Basement: Yes

Exterior Features

  • Lot Features: Well Landscaped, Level, Intown, Near Golf Course, Near Shopping, Near Turnpike/Interstate, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Glass Enclosed, Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: 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: Heat Pump
  • Cooling Y N: Yes
  • Heating: Steam, Radiant, Hot Water, Heat Pump
  • Heating Yn: Yes
  • Electric: 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: Waterville Public Schools

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6534.0
  • Parcel #: WAVL-000038-000000-000153
  • Zoning: RB

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 37200.0

Tax Info

  • Tax Annual Amount: 3454.0
  • Tax Book Number: 14527
  • Tax Lot: 153
  • Tax Map Number: 38
  • Tax Year: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2025
Closed on
May 13, 2025
Sold by
Henrikson Karl
Bought by
Ofori Francis
Seller's Agent
Bart Stevens
Century 21 Nason Realty
Buyer's Agent
Rebecca Wilson
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$349,000
Sold Price
$357,000
Premium/Discount to List
$8,000
2.29%
Total Days on Market
5
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-99.16%
Original Mortgage
$350,533
Outstanding Balance
$350,533
Interest Rate
6.64%
Mortgage Type
FHA
Estimated Equity
-$118,357

Purchase Details

Listed on
Jun 10, 2022
Closed on
Jul 28, 2022
Sold by
Loud Donald A
Bought by
Henrikson Karl
Seller's Agent
Kim Moxcey
Century 21 Nason Realty
Buyer's Agent
Jeanne Joseph
Coldwell Banker Plourde Real Estate
List Price
$224,000
Sold Price
$224,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.18%
Original Mortgage
$189,000
Interest Rate
5.78%
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 $224,000 None Available
Warranty Deed $224,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $350,533 FHA
Previous Owner $189,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2025 05/13/25 Sold $357,000 +2.3% $181 / Sq Ft
04/11/2025 04/11/25 For Sale $349,000 +55.8% $177 / Sq Ft
07/28/2022 07/28/22 Sold $224,000 0.0% $113 / Sq Ft
06/13/2022 06/13/22 Pending -- -- --
06/10/2022 06/10/22 For Sale $224,000 -- $113 / 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 $3,454 $172,700 $19,300 $153,400
2023 $3,437 $172,700 $19,300 $153,400
2022 $2,370 $91,700 $14,500 $77,200
2021 $2,338 $91,700 $14,500 $77,200
2020 $1,580 $91,700 $14,500 $77,200
2019 $1,692 $91,700 $14,500 $77,200
2018 $2,317 $91,700 $14,500 $77,200
2017 $2,139 $91,700 $14,500 $77,200
2016 $2,091 $91,700 $14,500 $77,200
2015 $2,132 $76,700 $16,700 $60,000
2014 $2,102 $76,700 $16,700 $60,000
2013 $2,102 $76,700 $16,700 $60,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1618834

Maine Listings

APN: WAVL-000038-000000-000153