NOT LISTED FOR SALE

24 Depot St Windham, ME 04062

Estimated Value: $642,000 - $759,000

5 Beds
3 Baths
3,536 Sq Ft
$195/Sq Ft Est. Value

Last Sold April 29, 2022

Last sale price $570,000 $161 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $4,345/month

6 Days on Market

Highlights

  • Colonial Architecture
  • Main Floor Bedroom
  • Porch
  • Wood Flooring
  • No HOA
  • Bathtub

About This Home

As of April 2022

ALL APARTMENTS HAVE 3 BEDROOMS & WASHER/DRYER HOOKUPS. Conveniently located just 15 minutes from Portland or downtown Windham and less than 1/10th of a mile from the Sebago to the Sea Trail.

Adequately maintained by the same family for nearly 77 years, this building offers an excellent income-generating opportunity. In addition, the installation of newer windows (2015) and roof (est. 2012) make this investment lighter on maintenance.

The potential for additional development may exist based on possible future sewer access and lot size: 1.2 acres.

ADDITIONAL UNIT DETAILS: UNIT 1 has a first-floor bedroom. UNITS 2 & 3 each have a first-floor bedroom and tub/shower combos.

Group showings Tuesday 3/22 12-2 pm and Wednesday 3/23 12-2 pm.

Last Agent to Sell the Property

Tim Flaherty

The Flaherty Group Listed on: 03/18/2022

Last Buyer's Agent

Tim Flaherty

The Flaherty Group Listed on: 03/18/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,605

Year Built

  • Built in 1900

Lot Details

  • 1.2 Acre Lot
  • Level Lot
  • Open Lot

Home Design

  • Colonial Architecture
  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,536 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Interior and Exterior Basement Entry
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

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

Parking

  • Gravel Driveway
  • Paved Parking

Utilities

  • No Cooling
  • Forced Air Zoned Heating System
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Electric Water Heater
  • Private Sewer

Additional Features

  • Porch
  • Suburban Location

Listing and Financial Details

  • Tax Lot 52
  • Assessor Parcel Number WINM-000038-000000-000052

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $13,872
  • Gross Income $36,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,605

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 1.2
  • Ownership: Deed of Distribution
  • MLS Status: Closed
  • Directions: Route 302 to Pope Road to Chute Road. Cross River Road onto Depot Street. Property is on the right, .10 mile from the Sebago to the Sea Trail.
  • Above Grade Finished Sq Ft: 3536.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 1.2
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3536.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: 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 System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Location:Suburban: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 36600.0
  • Income Expenses Operating Expenses: 13872.0
  • Amenities:Bathtub: Yes
  • Style:Colonial: Yes
  • Sewer:Private Sewer: Yes
  • Roof:Pitched: Yes
  • Property Information:Short Sale Continue to Show: No
  • Driveway:Gravel: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Foundation Materials:Granite2: Yes
  • Building Info:_pound_ Floors3: 2
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Bulkhead, Exterior Entry, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Laminate, Carpet
  • Interior Amenities: 1st Floor Bedroom, Bathtub, Shower
  • Stories: 2

Exterior Features

  • Lot Features: Level, Open Lot, Suburban
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Stone, Granite, Brick/Mortar
  • Patio And Porch Features: Porch
  • Roof: Pitched, Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Gravel, Paved

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Forced Air, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 52272.0
  • Parcel #: WINM-000038-000000-000052
  • Zoning: Village Commercial

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 36600.0
  • Annual Operating Expense: 13872.0

Tax Info

  • Tax Annual Amount: 4605.0
  • Tax Book Number: 30807
  • Tax Lot: 52
  • Tax Map Number: 38
  • Tax Year: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2022
Closed on
Apr 29, 2022
Sold by
Penna Sandra N and Noble John E
Bought by
24 Depot Street Llc
Seller's Agent
Tim Flaherty
The Flaherty Group
Buyer's Agent
Tim Flaherty
The Flaherty Group
List Price
$499,000
Sold Price
$570,000
Premium/Discount to List
$71,000
14.23%
Current Estimated Value
$689,043

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,043
Avg. Annual Appreciation
5.98%
Original Mortgage
$420,000
Outstanding Balance
$398,157
Interest Rate
4.16%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$288,748

Purchase Details

Closed on
Jul 5, 2013
Sold by
Noble Jason E Est and Penna
Bought by
Penna Sandra N and Noble John E

Purchase Details

Closed on
Aug 1, 2005
Sold by
Nelson-Reade Patricia A
Bought by
Noble Jason E and Noble Esther H
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
24 Depot Street Llc $570,000 None Available
Penna Sandra N -- --
Penna Sandra N -- --
Penna Sandra N -- --
Penna Sandra N -- --
Noble Jason E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 24 Depot Street Llc $420,000
Previous Owner Penna Sandra N $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2022 04/29/22 Sold $570,000 +14.2% $161 / Sq Ft
03/25/2022 03/25/22 Pending -- -- --
03/18/2022 03/18/22 For Sale $499,000 -- $141 / 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 $6,479 $564,900 $136,400 $428,500
2023 $5,580 $498,200 $126,900 $371,300
2022 $5,149 $443,500 $112,400 $331,100
2021 $4,605 $365,500 $97,900 $267,600
2020 $4,605 $307,000 $86,100 $220,900
2019 $4,494 $307,000 $86,100 $220,900
2018 $3,584 $236,100 $77,500 $158,600
2017 $3,398 $206,800 $69,400 $137,400
2016 $3,247 $206,800 $69,400 $137,400
2015 $3,133 $206,800 $69,400 $137,400
2014 $3,399 $231,700 $69,400 $162,300
2013 $3,348 $231,700 $69,400 $162,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1522102

Maine Listings

APN: WINM-000038-000000-000052