NOT LISTED FOR SALE

22 Ash St Waterville, ME 04901

Estimated Value: $189,000 - $266,000

4 Beds
2 Baths
2,395 Sq Ft
$92/Sq Ft Est. Value

Last Sold August 18, 2022

Last sale price $150,000 $63 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $1,452/month

68 Days on Market

Highlights

  • River Nearby
  • Property is near public transit
  • Main Floor Bedroom
  • Colonial Architecture
  • Wood Flooring
  • 1 Fireplace

About This Home

As of August 2022

This lovely multifamily home is located in the heart of Waterville. Centered between Oakland and Fairfield the location is ideal. Conveniently located close to shopping, restaurants, entertainment and many other commodities. Also far enough away from downtown that one can enjoy greater means of privacy and a peaceful neighborhood. This home is fully operational. Many renovations have been made in recent years and the home is in remarkably good condition. Aside from ones own personal desire to alter/update the homes interior the house requires little to no adjustments. As an investment property this house is ready to go. This property has untapped potential to be incredibly lucrative and would also make a great owner occupied residency. While its age contributes to its affordability factor, you will be hard pressed to find another deal like this on a property so well preserved and flawlessly functioning. Never the less the revamping of the city of Waterville and continuous developments of Colby College have and will continue to make the city more attractive to prospective tenants. Don't miss out on this special opportunity to capitalize on an increasingly promising investment venture. Additionally this property offers significant value for those who are looking to acquire a home of their own by providing a buyer with means of generating additional income, that you don't have to head to work for everyday. Also noteworthy is the homes high level of efficiency and positive cash flow! Furnace recently serviced, along with recent improvements to the basements plumbing and electrical fixtures.

Last Agent to Sell the Property

Jilli McAllister

Coldwell Banker Plourde Real Estate Listed on: 06/16/2022

Coldwell Banker Plourde Real Estate

Co-Listed By

Shelly Everett

Everett Realty Group

Last Buyer's Agent

Derek Goff Joseph Tomazin

Signature Homes Real Estate Group, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,025

Year Built

  • Built in 1890

Lot Details

  • 5,663 Sq Ft Lot
  • Level Lot

Home Design

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

Interior Spaces

  • 2,395 Sq Ft Home
  • 3-Story Property
  • 1 Fireplace
  • Screened Porch

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

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

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Unfinished Basement

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

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking
  • On-Site Parking

Outdoor Features

  • River Nearby

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • High-Efficiency Water Heater
  • Internet Available

Listing and Financial Details

  • Tax Lot 349
  • Assessor Parcel Number WAVL-000057-000000-000349

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $6,873
  • Gross Income $16,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,025

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.13
  • Road Surface Type: Paved
  • Co List Office Mls Id: 3275
  • Co List Office Phone: 207-588-7430
  • MLS Status: Closed
  • Directions: Start North on Bay Street in Winslow continue to bridge Intersection. Turn left onto US-201 N/Bridge St/Union St follow for 0.2 miles and turn right onto Front Street. Continue for 0.9 miles and turn left onto Ash St. Proceed for 0.1 miles to destination.
  • Above Grade Finished Sq Ft: 2395.0
  • Architectural Style: Colonial, Multi-Level
  • Garage Yn: No
  • Efficiency: High Efficiency Water Heater
  • Building Stories: 3
  • Year Built: 1890
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.13
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2395.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: 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
  • Basement Entry:Walk-Out: Yes
  • Amenities:Storage: Yes
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:One-Floor Living: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 16800.0
  • Income Expenses Operating Expenses: 6873.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Amenities:Bathtub: Yes
  • Style:Colonial: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Building Info:_pound_ Fireplaces3: 1
  • Parking:Paved3: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:RiverBrookStream: Yes
  • Equipment:Internet Access Available: Yes
  • Property Information:Deed Restrictions: Unknown
  • Water Heater:Tank: Yes
  • Location:Near Railroad: Yes
  • Energy Efficiency:High Efficiency Water Heater: Yes
  • Building Info:_pound_ Floors3: 2
  • Patio and Porch Features:Porch-Screened: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Other Equipment: Internet Access Available
  • Has Basement: Walk-Out Access, Full, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Wood, Vinyl, Laminate
  • Interior Amenities: 1st Floor Bedroom, Bathtub, One-Floor Living, Shower, Storage
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Intown, Near Shopping, Near Town, Neighborhood, Near Railroad
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Porch, Screened
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved, Common, On Site

Utilities

  • Laundry Features: Laundry - 1st Floor, Upper Level, Main Level, Washer Hookup
  • Security: Fire System
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Baseboard
  • 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: 5662.8
  • Parcel #: WAVL-000057-000000-000349
  • Zoning: Residential

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 16800.0
  • Annual Operating Expense: 6873.0

Tax Info

  • Tax Annual Amount: 2025.0
  • Tax Book Number: 12063
  • Tax Lot: 349
  • Tax Map Number: 57
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 29, 2023
Sold by
Ej Holdings Llc
Bought by
Rock Property Group Llc
Current Estimated Value
$221,193

Purchase Details

Listed on
Jun 16, 2022
Closed on
Aug 18, 2022
Sold by
Suttie Properties Llc
Bought by
Ej Holdings Llc
Seller's Agent
Jilli McAllister
Coldwell Banker Plourde Real Estate
Buyer's Agent
Derek Goff Joseph Tomazin
Signature Homes Real Estate Group, LLC
List Price
$164,900
Sold Price
$150,000
Premium/Discount to List
-$14,900
-9.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.70%
Original Mortgage
$180,000
Interest Rate
5.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 6, 2015
Sold by
Suttie Thomas H and Suttie Catherine J
Bought by
Suttie 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
$57,000
Interest Rate
4.03%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Rock Property Group Llc -- None Available
Ej Holdings Llc -- None Available
Ej Holdings Llc $150,000 None Available
Suttie Properties Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Williams Johneisha J $187,500
Previous Owner Ej Holdings Llc $180,000
Previous Owner Suttie Prop Llc $75,000
Previous Owner Suttie Properties Llc $57,000
Previous Owner Suttie Thomas $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2022 08/18/22 Sold $150,000 -9.0% $63 / Sq Ft
08/04/2022 08/04/22 Pending -- -- --
05/27/2022 05/27/22 For Sale $164,900 -- $69 / 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 $3,088 $154,400 $14,300 $140,100
2023 $3,073 $154,400 $14,300 $140,100
2022 $2,052 $79,400 $10,700 $68,700
2021 $2,025 $79,400 $10,700 $68,700
2020 $2,045 $79,400 $10,700 $68,700
2019 $2,045 $79,400 $10,700 $68,700
2018 $2,006 $79,400 $10,700 $68,700
2017 $1,852 $79,400 $10,700 $68,700
2016 $1,947 $85,400 $10,700 $74,700
2015 $2,063 $74,200 $9,100 $65,100
2014 $2,033 $74,200 $9,100 $65,100
2013 $2,033 $74,200 $9,100 $65,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1530022

Maine Listings

APN: WAVL-000057-000000-000349