NOT LISTED FOR SALE

228 Water St Hallowell, ME 04347

Estimated Value: $255,000 - $326,715

2 Beds
2 Baths
1,260 Sq Ft
$227/Sq Ft Est. Value

Last Sold February 09, 2024

Last sale price $210,000 $167 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $1,878/month

287 Days on Market

Highlights

  • 156 Feet of Waterfront
  • No HOA
  • Heating System Uses Natural Gas
  • Cape Cod Architecture
  • Level Lot

About This Home

As of February 2024

Magnificent Property. Two-bedroom duplex with great rental history. First floor unit rent is $2000, second floor unit is $1600. New natural gas furnace, new roof, vinyl siding plus Kennebec River frontage with tremendous views of the river and all the wildlife the river has to offer. Walking distance to Historic Hallowell, galleries, shops and restaurants, excellent parking, views and waterfront opportunities.
Possible owner financing available.

Last Agent to Sell the Property

Kim Gleason

McAllister Real Estate Listed on: 01/18/2024

Last Buyer's Agent

Kim Gleason

McAllister Real Estate Listed on: 01/18/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,627

Year Built

  • Built in 1850

Lot Details

  • 0.29 Acre Lot
  • 156 Feet of Waterfront
  • River Front
  • Level Lot
  • Open Lot

Home Design

  • Cape Cod Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Clap Board Siding
  • Clapboard

Interior Spaces

  • 2 Full Bathrooms
  • 1,260 Sq Ft Home
  • Laminate Flooring
  • Water Views

Basement

  • Partial Basement
  • Exterior Basement Entry

Parking

  • Gravel Driveway
  • Off-Street Parking

Location

  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 190,192
  • Assessor Parcel Number HALL-000009-000000-000190

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $11,364
  • Gross Income $43,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,627

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.29
  • Road Surface Type: Paved
  • Water Body Name: Kennebec River
  • MLS Status: Closed
  • Directions: 228 Water St. in Hallowell directly next to the Boat Landing.
  • Above Grade Finished Sq Ft: 1260.0
  • Architectural Style: Cape
  • Garage Yn: No
  • Year Built: 1850
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.29
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1260.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Cooling:None3: Yes
  • Parking:Off Street: Yes
  • Style:Cape: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Water Heater:Gas: Yes
  • Gas:Natural - On Site: Yes
  • Heat Fuel:Gas Natural: Yes
  • Floors:Laminate: Yes
  • Basement:Partial: Yes
  • Property Information:Number of Units: 2
  • Exterior:Clapboard: Yes
  • Income Expenses Gross Income: 43200.0
  • Income Expenses Operating Expenses: 11364.0
  • Water Info:Waterfront Amount -: 156.0
  • Water Info:Water Frontage Owned -: 156.0
  • Driveway:Gravel: Yes
  • Heat System:Direct Vent Furnace: Yes
  • Basement Entry:Exterior Only: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Partial, Exterior Only
  • Full Bathrooms: 2
  • Flooring: Laminate

Exterior Features

  • Lot Features: Level, Open Lot, Intown
  • Waterfront Features: River
  • Waterfront: Yes
  • Construction Type: Clapboard, Wood Frame
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Gravel, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Furnace
  • 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: 12632.4
  • Parcel #: HALL-000009-000000-000190
  • Zoning: Dowtown

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 43200.0
  • Annual Operating Expense: 11364.0

Tax Info

  • Tax Annual Amount: 3627.0
  • Tax Book Number: 12077
  • Tax Lot: 190,192
  • Tax Map Number: 9
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 12, 2009
Sold by
Young David E
Bought by
Young Priscilla A
Current Estimated Value
$279,592
Source: Public Records

Range of Values:

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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
Young Priscilla A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Northeast Investors Me $168,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/09/2024 02/09/24 Sold $210,000 -61.7% $167 / Sq Ft
01/13/2024 01/13/24 Pending -- -- --
03/31/2023 03/31/23 For Sale $549,000 +161.4% $436 / Sq Ft
08/07/2015 08/07/15 Sold $210,000 -15.7% $167 / Sq Ft
05/08/2015 05/08/15 Pending -- -- --
05/08/2015 05/08/15 For Sale $249,000 -- $198 / 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 $4,004 $201,200 $91,500 $109,700
2023 $3,375 $146,400 $66,600 $79,800
2022 $3,250 $146,400 $66,600 $79,800
2021 $3,118 $146,400 $66,600 $79,800
2020 $3,148 $146,400 $66,600 $79,800
2019 $2,319 $146,400 $66,600 $79,800
2018 $2,378 $146,400 $66,600 $79,800
2017 $2,884 $146,400 $66,600 $79,800
2016 $2,158 $146,400 $66,600 $79,800
2015 $2,577 $146,400 $66,600 $79,800
2014 $2,577 $146,400 $66,600 $79,800
2013 $2,503 $146,400 $66,600 $79,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1555039

Maine Listings

APN: HALL-000009-000000-000190