NOT LISTED FOR SALE

223 Main St West Paris, ME 04289

Estimated Value: $183,416 - $375,000

3 Beds
3 Baths
4,050 Sq Ft
$69/Sq Ft Est. Value

Last Sold April 15, 2022

Last sale price $150,000 $37 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $1,779/month

85 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Forced Air Zoned Heating System
  • Wood Flooring
  • Porch
  • Baseboard Heating

About This Home

As of April 2022

This stately building in West Paris village is an excellent income opportunity in a convenient location. The 1925 Masonic Hall has two apartments on the first floor and has been recently renovated to add a third one bedroom unit on the second story. The first story apartments each have their own access to basement storage areas. The building is occupied with tenants 24 hour notice required for showings.

Last Agent to Sell the Property

Julia Gonsalves

Biz Realty Listed on: 12/11/2021

Last Buyer's Agent

Derrick Buckspan

RE/MAX Shoreline

RE/MAX Shoreline

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,858

Year Built

  • Built in 1925

Lot Details

  • 7,841 Sq Ft Lot
  • Level Lot

Home Design

  • Mansard Roof Shape
  • Brick Foundation
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Metal Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3 Full Bathrooms
  • 4,050 Sq Ft Home
  • 3-Story Property
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Unfinished Basement

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

Parking

  • Common or Shared Parking
  • Shared Driveway
  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Porch

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Forced Air Zoned Heating System
  • Heating System Uses Oil
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Natural Gas Not Available
  • Septic System
  • Septic Design Available
  • Private Sewer

Listing and Financial Details

  • Tax Lot 025
  • Assessor Parcel Number WPRS-000006-000000-000025

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $5,837
  • Gross Income $30,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,858

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.18
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Located on Main St, in West Paris directly across from the Library.
  • Above Grade Finished Sq Ft: 4050.0
  • Architectural Style: Mansard
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1925
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.18
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 4050.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Amenities:Storage: Yes
  • Driveway:Common2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Roof:Metal: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:BrickMortar2: Yes
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 30000.0
  • Income Expenses Operating Expenses: 5837.0
  • Exterior:Wood Siding: Yes
  • Sewer:Private Sewer: Yes
  • Basement:BrickMortar: Yes
  • Sewer:Septic Existing on Site: Yes
  • Property Information:Bank Owned REO: No
  • Sewer:Septic Design Available: Yes
  • Heat System:Direct Vent Heater: Yes
  • Foundation Materials:Granite2: Yes
  • Location:Near Railroad: Yes
  • Parking:On Street: Yes
  • Building Info:_pound_ Floors3: 3
  • Style:Mansard: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Brick/Mortar, Full, Interior Entry, Walk-Out Access, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl, Laminate, Carpet
  • Interior Amenities: Storage
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Intown, Neighborhood, Near Railroad
  • Waterfront: No
  • Construction Type: Wood Siding, Wood Frame
  • Foundation Details: Granite, Concrete Perimeter, Brick/Mortar
  • Patio And Porch Features: Porch
  • Roof: Metal, Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Other, Common, Off Street, On Street

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Forced Air, Direct Vent Heater, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer, Septic Design Available, Septic Existing on Site
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7840.8
  • Parcel #: WPRS-000006-000000-000025
  • Zoning: None

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 30000.0
  • Annual Operating Expense: 5837.0

Tax Info

  • Tax Annual Amount: 2858.0
  • Tax Book Number: 5618
  • Tax Lot: 025
  • Tax Map Number: 006
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 27, 2022
Sold by
Palumbo Tracy K and Palumbo Anthony H
Bought by
142 Mainstay Llc
Current Estimated Value
$276,357

Purchase Details

Listed on
Dec 11, 2021
Closed on
Apr 15, 2022
Sold by
Aube Justin
Bought by
Palumbo Anthony H and Palumbo Tracy K
Seller's Agent
Julia Gonsalves
Biz Realty
Buyer's Agent
Derrick Buckspan
RE/MAX Shoreline
List Price
$159,900
Sold Price
$150,000
Premium/Discount to List
-$9,900
-6.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.51%
Original Mortgage
$112,500
Interest Rate
3.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Oct 9, 2018
Closed on
Jan 22, 2019
Sold by
Granite Lodge Bldg Assoc
Bought by
Dew It Llc
Seller's Agent
Brenda Birney
Bean Group
Buyer's Agent
Michael Quinn
The Lakes Real Estate
List Price
$37,000
Sold Price
$33,425
Premium/Discount to List
-$3,575
-9.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
59.17%
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 Buyer Sale Price Title Company
142 Mainstay Llc -- None Available
Palumbo Anthony H $150,000 None Available
Dew It Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Palumbo Anthony H $112,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2022 04/15/22 Sold $150,000 -6.2% $37 / Sq Ft
03/07/2022 03/07/22 Pending -- -- --
12/11/2021 12/11/21 For Sale $159,900 +378.4% $39 / Sq Ft
01/22/2019 01/22/19 Sold $33,425 -9.7% $5 / Sq Ft
10/31/2018 10/31/18 Pending -- -- --
10/09/2018 10/09/18 For Sale $37,000 -- $6 / 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 $3,273 $214,600 $35,200 $179,400
2023 $3,047 $214,600 $35,200 $179,400
2022 $2,833 $214,600 $35,200 $179,400
2021 $2,858 $216,500 $35,200 $181,300
2020 $2,858 $216,500 $35,200 $181,300
2019 $2,615 $133,400 $19,800 $113,600
2018 $2,588 $133,400 $19,800 $113,600
2017 $2,521 $133,400 $19,800 $113,600
2016 $2,341 $133,400 $19,800 $113,600
2015 $2,301 $133,400 $19,800 $113,600
2014 $2,268 $133,400 $19,800 $113,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1516403

Maine Listings

APN: WPRS-000006-000000-000025