NOT LISTED FOR SALE

262 Main St Waterville, ME 04901

Estimated Value: $286,386

3 Beds
2.5 Baths
2,108 Sq Ft
$136/Sq Ft Est. Value

Last Sold July 31, 2023

Last sale price $259,000 $123 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,837/month

4 Days on Market

Highlights

  • Wood Flooring
  • Main Floor Bedroom
  • 2 Car Detached Garage
  • New Englander Architecture
  • No HOA
  • 2-minute walk to Waterville Parks & Recreation

About This Home

As of July 2023

This 3 unit building has two very nice two bedroom rental units plus a third unit rented for small office (info thereon described as Unit 3 herein) . Ample off street paved parking and a large two car garage with storage above are added amenities.

Last Agent to Sell the Property

Gregg Perkins

Affiliated Realty Listed on: 06/19/2023

Last Buyer's Agent

Sadie Trask

EXP Realty

EXP Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,257

Year Built

  • Built in 1890

Lot Details

  • 7,405 Sq Ft Lot
  • Level Lot

Parking

  • 2 Car Detached Garage
  • Parking Storage or Cabinetry
  • Driveway
  • Off-Street Parking

Home Design

  • New Englander Architecture
  • Brick Foundation
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Metal Roof
  • Aluminum Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,108 Sq Ft Home
  • Multi-Level Property

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Shower Only

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Unfinished Basement

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

Location

  • City Lot

Utilities

  • Air Conditioning
  • Zoned Heating
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 126
  • Assessor Parcel Number WAVL-000052-000000-000126

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $16,000
  • Gross Income $33,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,257

Year Built

Built in 1890

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.17
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Heading Westerly towards Upper Main Street, property on left and diagonally across street from Grondin's Cleaners
  • Above Grade Finished Sq Ft: 2108.0
  • Architectural Style: Multi-Level, New Englander
  • Garage Yn: Yes
  • Building Stories: 175
  • Year Built: 1890
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.17
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2108.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: 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
  • Driveway:Paved2: Yes
  • Property Information:Garage Spaces: 2.0
  • Amenities:Laundry - Hookup: Yes
  • Amenities:Shower: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Roof:Metal: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 175
  • Income Expenses Gross Income: 33300.0
  • Income Expenses Operating Expenses: 16000.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Parking:Paved3: Yes
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Equipment:Cable: Yes
  • Vehicle Storage:Storage Above: Yes
  • Exterior:Aluminum Siding: Yes
  • Basement Entry:Exterior Only: Yes
  • Style:New Englander: Yes
  • Cooling:AC Units: Yes
  • Electric:Fuses: Yes
  • Building Info:_pound_ Floors3: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 175

Interior Features

  • Has Basement: Walk-Out Access, Full, Exterior Only, Unfinished
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Flooring: Wood, Vinyl, Laminate, Composition, Carpet
  • Interior Amenities: 1st Floor Bedroom, Shower
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Intown, Near Shopping, Near Turnpike/Interstate
  • Waterfront: No
  • Construction Type: Aluminum Siding, Wood Frame
  • Foundation Details: Stone, Concrete Perimeter, Brick/Mortar
  • Roof: Metal, Shingle

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: 11 - 20 Spaces, Paved, On Site, Detached, Off Street, Storage

Utilities

  • Laundry Features: Laundry - 1st Floor, Upper Level, Main Level, Washer Hookup
  • Cooling: A/C Units
  • Cooling Y N: Yes
  • Heating: Multi-Zones, Hot Water, Baseboard
  • Heating Yn: Yes
  • Electric: Fuses, Combination, Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7405.2
  • Parcel #: WAVL-000052-000000-000126
  • Zoning: RD

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 33300.0
  • Annual Operating Expense: 16000.0

Tax Info

  • Tax Annual Amount: 2257.0
  • Tax Book Number: 13138
  • Tax Lot: 126
  • Tax Map Number: 52
  • Tax Year: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2023
Closed on
Jul 31, 2023
Sold by
Renaissance Prop Llc
Bought by
Gadow Garrett
Seller's Agent
Gregg Perkins
Affiliated Realty
Buyer's Agent
Sadie Trask
EXP Realty
List Price
$249,000
Sold Price
$259,000
Premium/Discount to List
$10,000
4.02%
Total Days on Market
4
Current Estimated Value
$286,386

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,386
Avg. Annual Appreciation
5.52%
Original Mortgage
$206,400
Outstanding Balance
$202,593
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$83,793

Purchase Details

Listed on
Sep 28, 2018
Closed on
Jan 25, 2019
Sold by
T & N Properties Llc
Bought by
Renaissance Props Llc
Seller's Agent
Joshua LaVerdiere
Sprague & Curtis Real Estate
Buyer's Agent
Gregg Perkins
Affiliated Realty
List Price
$150,000
Sold Price
$119,050
Premium/Discount to List
-$30,950
-20.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.76%
Original Mortgage
$101,000
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 3, 2013
Sold by
Chasse Jacqueline M and Chasse Thomas U
Bought by
T & N Props Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,000
Interest Rate
3.45%
Mortgage Type
Commercial
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
Gadow Garrett $259,000 None Available
Renaissance Props Llc -- --
T & N Props Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gadow Garrett $206,400
Previous Owner Renaissance Props Llc $101,000
Previous Owner T&N Properties Llc $78,500
Previous Owner T & N Props Llc $77,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2023 07/31/23 Sold $259,000 +4.0% $123 / Sq Ft
06/23/2023 06/23/23 Pending -- -- --
06/19/2023 06/19/23 For Sale $249,000 +109.2% $118 / Sq Ft
01/25/2019 01/25/19 Sold $119,050 -20.6% $56 / Sq Ft
11/28/2018 11/28/18 Pending -- -- --
09/28/2018 09/28/18 For Sale $150,000 -- $71 / 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 $2,836 $141,800 $49,400 $92,400
2023 $2,822 $141,800 $49,400 $92,400
2022 $2,257 $87,300 $28,000 $59,300
2021 $2,226 $87,300 $28,000 $59,300
2020 $2,249 $87,300 $28,000 $59,300
2019 $2,249 $87,300 $28,000 $59,300
2018 $2,206 $87,300 $28,000 $59,300
2017 $2,037 $87,300 $28,000 $59,300
2016 $1,990 $87,300 $28,000 $59,300
2015 $2,371 $85,300 $27,200 $58,100
2014 $2,337 $85,300 $27,200 $58,100
2013 $2,337 $85,300 $27,200 $58,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1562589

Maine Listings

APN: WAVL-000052-000000-000126