Seller's Agent in 2024
Faith Fontaine
Keller Williams Realty
(207) 576-4179
45 in this area
159 Total Sales
203 Oak St Lewiston, ME 04240
Estimated Value: $381,000 - $448,000
8
Beds
3
Baths
2,784
Sq Ft
$152/Sq Ft
Est. Value
Highlights
- Deck
- New Englander Architecture
- No HOA
- Wood Flooring
- Main Floor Bedroom
- 2 Car Detached Garage
About This Home
As of September 2024Three-Unit Apartment Building in the Heart of Lewiston
Prime Location: Situated directly across from Central Maine Medical Center, this versatile three-unit apartment building offers an exceptional opportunity for both investors and potential owner-occupiers. Its central location is just minutes away from shopping, dining, Bates College, and all the amenities that Lewiston has to offer.
Property Highlights:
Unit Breakdown: The building includes one spacious 2-bedroom unit and two generous 3-bedroom units, providing ample living space for tenants. The first-floor unit is currently vacant, making it an ideal choice for an owner-occupant who wants to live comfortably while earning rental income from the other two units.
Parking & Storage: The property features off-street parking for multiple vehicles, adding convenience for tenants and owners alike. Additionally, there is a detached two-car garage on-site, offering valuable storage space. While the garage does require some TLC, it presents a great opportunity for customization or expansion.
Rental History: With a strong rental history, this property is a reliable income-generator. The proximity to key local landmarks, including Bates College and Central Maine Medical Center, ensures a steady stream of potential tenants.
Investment Potential: Whether you're looking to expand your investment portfolio or find a new home with income potential, this property ticks all the boxes. Its location in a high-demand area, combined with the versatility of the units, makes it a rare find in Lewiston.
Don't miss out on this fantastic opportunity! Contact us today to schedule a showing and see all that this property has to offer.
Last Buyer's Agent
Colette Couter
Berkshire Hathaway HomeServices Northeast Real Estate
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,561
Year Built
- Built in 1864
Lot Details
- 4,792 Sq Ft Lot
- Level Lot
- Open Lot
Parking
- 2 Car Detached Garage
- Driveway
- On-Street Parking
- Off-Street Parking
Home Design
- New Englander Architecture
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 2,784 Sq Ft Home
- 3-Story Property
- Washer and Dryer Hookup
Flooring
- Wood
- Laminate
- Vinyl
Bedrooms and Bathrooms
- Main Floor Bedroom
- 3 Full Bathrooms
- Bathtub
- Shower Only
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Baseboard Heating
- Hot Water Heating System
- Electric Water Heater
Additional Features
- Deck
- City Lot
Listing and Financial Details
- Tax Lot 420
- Assessor Parcel Number LEWI-000194-000000-000420
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- Operating Expense $10,354
- Gross Income $55,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 9, 2024
Closed on
Sep 11, 2024
Sold by
Mutoni Edgard
Bought by
Khalili Mohammand M
Seller's Agent
Faith Fontaine
Keller Williams Realty
Buyer's Agent
Colette Couter
Berkshire Hathaway HomeServices Northeast Real Estate
List Price
$399,900
Sold Price
$400,000
Premium/Discount to List
$100
0.03%
Views
4
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,365
Avg. Annual Appreciation
5.56%
Original Mortgage
$320,000
Outstanding Balance
$317,163
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$106,202
Purchase Details
Listed on
May 10, 2021
Closed on
Jul 13, 2021
Sold by
Pear Realty Llc
Bought by
Mutoni Edgard
Seller's Agent
Jeanne Martin
Berkshire Hathaway HomeServices Northeast Real Estate
Buyer's Agent
Faith Fontaine
Keller Williams Realty
List Price
$250,000
Sold Price
$270,000
Premium/Discount to List
$20,000
8%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.20%
Original Mortgage
$229,500
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Apr 14, 2018
Closed on
Sep 12, 2018
Sold by
Npb Properties Llc
Bought by
Pear Realty Llc
Seller's Agent
Kristen Roy
Elevate Maine Realty
Buyer's Agent
Dustin Boutin
Magnusson Balfour Commercial & Business Brokers
List Price
$179,000
Sold Price
$169,500
Premium/Discount to List
-$9,500
-5.31%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.61%
Original Mortgage
$128,000
Interest Rate
4.6%
Mortgage Type
Unknown
Purchase Details
Closed on
Nov 21, 2016
Sold by
Barry Randall J
Bought by
Npb Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,175
Interest Rate
3.42%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Khalili Mohammand M | $400,000 | None Available | |
| Khalili Mohammand M | $400,000 | None Available | |
| Mutoni Edgard | -- | None Available | |
| Mutoni Edgard | -- | None Available | |
| Pear Realty Llc | -- | -- | |
| Pear Realty Llc | -- | -- | |
| Npb Properties Llc | -- | -- | |
| Npb Properties Llc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Khalili Mohammand M | $320,000 | |
| Closed | Khalili Mohammand M | $320,000 | |
| Previous Owner | Mutoni Edgard | $229,500 | |
| Previous Owner | Pear Realty Llc | $128,000 | |
| Previous Owner | Npb Properties Llc | $86,175 | |
| Previous Owner | Npb Properties Llc | $128,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/11/2024 09/11/24 | Sold | $400,000 | 0.0% | $144 / Sq Ft |
| 08/13/2024 08/13/24 | Pending | -- | -- | -- |
| 08/09/2024 08/09/24 | For Sale | $399,900 | +48.1% | $144 / Sq Ft |
| 07/13/2021 07/13/21 | Sold | $270,000 | +8.0% | $97 / Sq Ft |
| 05/14/2021 05/14/21 | Pending | -- | -- | -- |
| 05/10/2021 05/10/21 | For Sale | $250,000 | +47.5% | $90 / Sq Ft |
| 08/30/2018 08/30/18 | Sold | $169,500 | -5.3% | $61 / Sq Ft |
| 06/25/2018 06/25/18 | Pending | -- | -- | -- |
| 04/14/2018 04/14/18 | For Sale | $179,000 | -- | $64 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
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 | $3,771 | $118,700 | $12,480 | $106,220 |
| 2023 | $3,561 | $118,700 | $12,480 | $106,220 |
| 2022 | $3,383 | $118,700 | $12,480 | $106,220 |
| 2021 | $3,354 | $118,700 | $12,480 | $106,220 |
| 2020 | $3,403 | $118,700 | $12,480 | $106,220 |
| 2019 | $3,432 | $118,700 | $12,480 | $106,220 |
| 2018 | $3,403 | $118,700 | $12,480 | $106,220 |
| 2017 | $2,369 | $84,540 | $12,480 | $72,060 |
| 2016 | $2,328 | $84,540 | $12,480 | $72,060 |
| 2015 | $2,314 | $84,540 | $12,480 | $72,060 |
| 2014 | $2,248 | $84,540 | $12,480 | $72,060 |
| 2013 | $2,235 | $84,540 | $12,480 | $72,060 |
Source: Public Records
Agents Affiliated with this Home
-
Faith Fontaine
-
C
Buyer's Agent in 2024
Colette Couter
Berkshire Hathaway HomeServices Northeast Real Estate
-
Jeanne Martin
Seller's Agent in 2021
Jeanne Martin
Berkshire Hathaway HomeServices Northeast Real Estate
(207) 240-0865
15 in this area
43 Total Sales
-
Kristen Roy
Seller's Agent in 2018
Kristen Roy
Elevate Maine Realty
(207) 671-8149
2 in this area
81 Total Sales
-
D
Buyer's Agent in 2018
Dustin Boutin
Magnusson Balfour Commercial & Business Brokers
Map
Source: Maine Listings
MLS Number: 1599861
APN: LEWI-000194-000000-000420
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