NOT LISTED FOR SALE

25 Brown St Westbrook, ME 04092

Estimated Value: $1,286,879

Studio
6 Baths
6,150 Sq Ft
$209/Sq Ft Est. Value

Sale Details

Date Sold: October 31, 2013

Last sale price $633,650 $103 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $8,237 / mo

4 Days on Market

Highlights

  • Colonial Architecture
  • Storage
  • Landscaped
  • No HOA
  • Forced Air Zoned Heating System
  • Baseboard Heating

About This Home

As of October 2013

Sitting on a hill overlooking the Presumpscot River with plenty of paved parking, newer roof, and pleasant views, this 12 unit apartment building is a rock solid investment buy and hold on to. Look at that return! Exceptional rental history.

Last Agent to Sell the Property

April Cohen

Bean Group Listed on: 08/07/2013

Co-Listed By

John Bernier

Bean Group

Last Buyer's Agent

Marc Fishman

Fishman Realty Group, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,256

Year Built

  • Built in 1900

Lot Details

  • 16,988 Sq Ft Lot
  • Landscaped
  • Open Lot

Home Design

  • Colonial Architecture
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 6 Full Bathrooms
  • 6,150 Sq Ft Home
  • 3-Story Property
  • Low Emissivity Windows
  • Storage

Flooring

  • Carpet
  • Vinyl

Unfinished Basement

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

Parking

  • Driveway
  • Paved Parking

Location

  • City Lot

Utilities

  • No Cooling
  • Forced Air Zoned Heating System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 222
  • Assessor Parcel Number 25Brown StreetWestbroo39222

Community Details

Overview

  • No Home Owners Association
  • 12 Units

Amenities

  • Coin Laundry
  • Community Storage Space

Building Details

  • Operating Expense $37,529
  • Gross Income $103,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,256

Year Built

Built in 1900

Lot Details

0.39 Acres

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.39
  • Road Surface Type: Paved
  • Co List Office Phone: 207-774-4224
  • MLS Status: Closed
  • Directions: From Main St Westbrook follow passed Sappi industries Brown St will be your first left after the bridge property sits up on hill on right side of street #25 Clearly marked.
  • Above Grade Finished Sq Ft: 6150.0
  • Architectural Style: Colonial
  • Efficiency: Other/See Internal Remarks, Low E Windows
  • Building Stories: 3
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 103.03
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.39
  • Property Information:Total Baths: 6.0
  • Property Information:SqFt Finished Above Grade: 6150.0
  • Site:Open: Yes
  • Site:Well Landscaped: 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
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Walk-Out: Yes
  • Amenities:Storage: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 12
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 103300.0
  • Income Expenses Operating Expenses: 37528.71
  • Style:Colonial: Yes
  • Roof:Pitched: Yes
  • Gas:Natural - At Street: Yes
  • Energy Efficiency:Low E Windows: Yes
  • Amenities:Laundry - Coin: Yes
  • Advertising Remarks:Advertising Remarks: Exceptional rental history with strong investment return.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Full, Walk-Out Access, Unfinished
  • Full Bathrooms: 6
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Storage
  • Full Basement: Yes

Exterior Features

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

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved

Utilities

  • Laundry Features: Laundry - Coin
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Forced Air, 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: 16988.4
  • Parcel #: 25Brown StreetWestbroo39222
  • Zoning: RG1

Multi Family

  • Number Of Units Total: 12
  • Annual Gross Income: 103300.0
  • Annual Operating Expense: 37528.71

Tax Info

  • Tax Annual Amount: 8256.0
  • Tax Lot: 222
  • Tax Year: 2013

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2013
Closed on
Nov 1, 2013
Sold by
Bought by
Seller's Agent
April Cohen
Bean Group
Buyer's Agent
Marc Fishman
Fishman Realty Group, Inc.
List Price
$692,750
Sold Price
$633,650
Premium/Discount to List
-$59,100
-8.53%
Current Estimated Value
$1,286,879

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$653,229
Avg. Annual Appreciation
5.64%
Original Mortgage
$83,750
Interest Rate
0.0452%
Mortgage Type
Commercial
Source: Public Records
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $900,000
Closed $675,000
Closed $1,012,500
Closed $722,000
Closed $83,750
Closed $440,000
Closed $335,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/31/2013 10/31/13 Sold $633,650 -8.5% $103 / Sq Ft
08/12/2013 08/12/13 Pending -- -- --
08/07/2013 08/07/13 For Sale $692,750 -- $113 / Sq Ft
Source: Maine Listings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2023 $11,764 $705,300 $151,900 $553,400
2022 $10,637 $587,700 $126,500 $461,200
2021 $10,479 $587,700 $126,500 $461,200
2020 $9,748 $545,800 $126,500 $419,300
2019 $9,748 $545,800 $126,500 $419,300
2018 $9,578 $480,100 $111,100 $369,000
2017 $9,064 $480,100 $111,100 $369,000
2016 $8,834 $480,100 $111,100 $369,000
2015 $8,623 $480,100 $111,100 $369,000
2014 $8,258 $480,100 $111,100 $369,000
2013 $8,258 $480,100 $111,100 $369,000
Source: Public Records

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Map

Source: Maine Listings

MLS Number: 1105351

Maine Listings

APN: WSBR-000039-000000-000222

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