NOT LISTED FOR SALE

322 Roosevelt Trail Windham, ME 04062

Estimated Value: $1,371,380

Studio
-- Bath
7,600 Sq Ft
$180/Sq Ft Est. Value

Last Sold May 31, 2017

Last sale price $690,000 $91 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $7,929/month

188 Days on Market

Highlights

  • 3.42 Acre Lot
  • Ranch Style House
  • Air Conditioning
  • Wooded Lot
  • No HOA
  • Tile Flooring

About This Home

As of May 2017

High visibility on Route 302. Currently operated as "The Northeastern Motel". Just minutes from the Sebago Lake Region and less than a half hour from Portland Successful business operations for a new owner or possible redevelopment opportunity.

Last Agent to Sell the Property

Michael Anderson

Malone Commercial Brokers, Inc. Listed on: 11/23/2016

Last Buyer's Agent

Michael Anderson

Malone Commercial Brokers, Inc. Listed on: 11/23/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,450

Year Built

  • Built in 1988

Lot Details

  • 3.42 Acre Lot
  • Level Lot
  • Wooded Lot

Home Design

  • 7,600 Sq Ft Home
  • Ranch Style House
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Clap Board Siding
  • Clapboard

Flooring

  • Carpet
  • Tile
  • Vinyl

Finished Basement

  • Partial Basement
  • Interior Basement Entry

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Utilities

  • Air Conditioning
  • Heating System Uses Oil
  • Baseboard Heating
  • Private Water Source
  • Well
  • Oil Water Heater
  • Septic System
  • Private Sewer

Community Details

  • No Home Owners Association
  • 22 Units

Listing and Financial Details

  • Tax Lot 58
  • Assessor Parcel Number 322RooseveltTrailWindhamMaine04062

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,450

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 3.42
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 7600.0
  • Architectural Style: Other Style, Ranch
  • Year Built: 1988
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 90.79
  • Property Information:Seasonal: Unknown
  • Property Information:Lot Size Acres -: 3.42
  • Property Information:SqFt Finished Above Grade: 7600.0
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Percent Basement Finished: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Basement:Partial: Yes
  • Style:Ranch: Yes
  • Property Information:Number of Units: 22
  • Exterior:Clapboard: Yes
  • Sewer:Private Sewer: Yes
  • Roof:Pitched: Yes
  • Water:Private2: Yes
  • Site:Wooded: Yes
  • Sewer:Septic Existing on Site: Yes
  • Water:Well Existing on Site: Yes
  • Water Heater:Oil2: Yes
  • Washer/Dryer Other Location: Yes
  • Cooling:AC Units: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Finished, Partial, Interior Entry
  • Fireplace: No
  • Flooring: Vinyl, Tile, Carpet

Exterior Features

  • Lot Features: Level, Wooded, Other
  • Waterfront: No
  • Construction Type: Clapboard, Wood Frame
  • Roof: Pitched, Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 21+ Spaces, Paved, Off Street

Utilities

  • Security: Fire System
  • Cooling: A/C Units
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Private Sewer, Septic Existing on Site
  • Utilities: Utilities On
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 148975.2
  • Parcel #: 322RooseveltTrailWindhamMaine04062
  • Zoning: Farm District

Multi Family

  • Number Of Units Total: 22

Tax Info

  • Tax Annual Amount: 9450.0
  • Tax Lot: 58
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 23, 2016
Closed on
Jun 1, 2017
Sold by
Saronis Corp
Bought by
322 Roosevelt Trail Llc
Seller's Agent
Michael Anderson
Malone Commercial Brokers, Inc.
Buyer's Agent
Michael Anderson
Malone Commercial Brokers, Inc.
List Price
$695,000
Sold Price
$690,000
Premium/Discount to List
-$5,000
-0.72%
Current Estimated Value
$1,371,380

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$681,380
Avg. Annual Appreciation
8.25%
Original Mortgage
$543,000
Interest Rate
3.97%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
322 Roosevelt Trail Llc -- --
322 Roosevelt Trail Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed 322 Roosevelt Trail Llc $543,000
Closed 322 Roosevelt Trail Llc $420,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2017 05/31/17 Sold $690,000 -0.7% $91 / Sq Ft
05/31/2017 05/31/17 Pending -- -- --
11/23/2016 11/23/16 For Sale $695,000 -- $91 / 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 $9,699 $845,600 $191,000 $654,600
2023 $8,715 $778,100 $172,500 $605,600
2022 $8,991 $774,400 $176,300 $598,100
2021 $9,694 $769,400 $177,000 $592,400
2020 $11,295 $753,000 $174,100 $578,900
2019 $11,024 $753,000 $174,100 $578,900
2018 $10,823 $713,000 $173,100 $539,900
2017 $10,167 $618,800 $138,100 $480,700
2016 $9,447 $601,700 $138,100 $463,600
2015 $9,116 $601,700 $138,100 $463,600
2014 $8,680 $601,700 $138,100 $463,600
2013 -- $601,700 $138,100 $463,600
Source: Public Records

Agents Affiliated with this Home

  • Michael Anderson

    Seller's Agent in 2017

    Michael Anderson

    Malone Commercial Brokers, Inc.

    (207) 775-7300

    18 Total Sales

    Michael Anderson
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Map

Source: Maine Listings

MLS Number: 1289565

Maine Listings

APN: WINM-000012-000000-000058

Maine Cumberland County Windham 04062

322 Roosevelt Trail, Windham, ME

Not Listed for Sale

MultiFamily

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