NOT LISTED FOR SALE

24 School St Lisbon, ME 04252

6 Beds
4.5 Baths
2,500 Sq Ft
6,970 Sq Ft Lot

Last Sold June 29, 2012

Last sale price $145,000 $58 Per Sq Ft

244 Days on Market

Highlights

  • Nearby Water Access
  • No HOA
  • Baseboard Heating
  • Wood Flooring
  • Zoned Heating

About This Home

As of June 2012

Very strong income producing 4-unit w/ great location, rental history, and low maintenance. Located close to area employment and conveniences, these units rent quickly and easily. Great investment property; hedge against inflation; or 1031. Turnkey.

Last Agent to Sell the Property

S. Curtis Fish

Sharon Drake Real Estate, Inc. Brokerage Phone: 207-443-4444 Listed on: 09/12/2011

Last Buyer's Agent

Jeannette Beaulieu

Better Homes & Gardens Real Estate/The Masiello Group

Better Homes & Gardens Real Estate/The Masiello Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,915

Year Built

  • Built in 1900

Lot Details

  • 6,970

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 2,500 Sq Ft Home
  • 2-Story Property
  • Partial Basement

Flooring

  • Wood
  • Carpet
  • Vinyl

Parking

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

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available

Additional Features

  • Nearby Water Access
  • 6,970 Sq Ft Lot
  • City Lot

Listing and Financial Details

  • Tax Lot 52
  • Assessor Parcel Number 24School StreetLisbonU452

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $10,700
  • Gross Income $29,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,915

Year Built

Built in 1900

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.16
  • MLS Status: Closed
  • Directions: (from Topsham) North on Rt. 196 to Lisbon Falls. Right on Main St. Left on School St. #24 on right.
  • Above Grade Finished Sq Ft: 2500.0
  • Architectural Style: Multi-Level
  • Building Stories: 2
  • Year Built: 1900
  • Attribution Contact: 207-443-4444
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 58.0
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.16
  • Property Information:Total Baths: 5.0
  • Property Information:SqFt Finished Above Grade: 2500.0
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: 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
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Gas:No Gas: Yes
  • Basement:Partial: Yes
  • Roof:Composition2: Yes
  • Property Information:Number of Units: 4
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 29700.0
  • Income Expenses Operating Expenses: 10700.0
  • Style:Multi-Level: Yes
  • Recreational Water:Nearby: Yes
  • Advertising Remarks:Advertising Remarks: Very strong income producing 4-unit w/ great location, rental history, and low maintenance. Located close to area employment and conveniences, these units rent quickly and easily. Great investment property; hedge against inflation; or 1031. Turnkey.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Partial
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Flooring: Wood, Vinyl, Carpet

Exterior Features

  • Lot Features: Sidewalks, Intown
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Composition, Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: Common, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6969.6
  • Parcel #: 24School StreetLisbonU452
  • Zoning: Res

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 29700.0
  • Annual Operating Expense: 10700.0

Tax Info

  • Tax Annual Amount: 2915.0
  • Tax Lot: 52
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 9, 2019
Sold by
Welch James H
Bought by
Welch Properties Llc

Purchase Details

Listed on
Sep 12, 2011
Closed on
Jul 9, 2012
Sold by
24 School Llc
Bought by
Welch 2Nd James H
Seller's Agent
S. Curtis Fish
Sharon Drake Real Estate, Inc.
Buyer's Agent
Jeannette Beaulieu
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$169,900
Sold Price
$145,000
Premium/Discount to List
-$24,900
-14.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,373
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 14, 2008
Sold by
Mendes Louise C
Bought by
24 School Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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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
Welch Properties Llc -- --
Welch Properties Llc -- --
Welch 2Nd James H -- --
Welch 2Nd James H -- --
Welch 2Nd James H -- --
24 School Llc -- --
24 School Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Welch 2Nd James H $142,373
Previous Owner 24 School Llc $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2012 06/29/12 Sold $145,000 -14.7% $58 / Sq Ft
05/15/2012 05/15/12 Pending -- -- --
09/13/2011 09/13/11 For Sale $169,900 -- $68 / Sq Ft
Source: Maine Listings

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 $3,357 $282,500 $38,900 $243,600
2023 $3,357 $159,100 $25,700 $133,400
2022 $3,675 $159,100 $25,700 $133,400
2021 $3,516 $159,100 $25,700 $133,400
2020 $0 $159,100 $25,700 $133,400
2019 $3,675 $159,100 $25,700 $133,400
2018 $3,416 $137,500 $22,300 $115,200
2017 $3,190 $137,500 $22,300 $115,200
2016 -- $137,500 $22,300 $115,200
2015 -- $138,800 $22,000 $116,800
2014 $3,387 $138,800 $22,000 $116,800
2013 $3,192 $138,800 $22,000 $116,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1029337

Maine Listings

APN: LISN-000004U-000000-000052

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