NOT LISTED FOR SALE

36 King St Westbrook, ME 04092

Estimated Value: $603,000 - $714,000

Studio
4 Baths
3,654 Sq Ft
$185/Sq Ft Est. Value

Last Sold January 29, 2021

Last sale price $579,000 $158 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $4,233/month

3 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • Level Lot
  • Tile Flooring
  • Baseboard Heating
  • Wood Siding

About This Home

As of January 2021

This well cared for 4 unit apartment building has been meticulously maintained by the same owners since 2004 - Offering (2) 2 units on 1 lot w/ parking - (2) 1 bedroom units, (1) 2 bedroom & (1) 4 bedroom unit. All rents are under market w/ separate electric + heat giving the new owner minimal landlord responsibilities!! This turn-key property is priced to sell!! Open house Monday 12/7 from 10 am - 11 am. Please call for further details.

Last Agent to Sell the Property

Thomas Gadbois

F.O. Bailey Real Estate Listed on: 12/04/2020

Last Buyer's Agent

Evan Lelansky

Berkshire Hathaway HomeServices Northeast Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,087

Year Built

  • Built in 1870

Lot Details

  • 5,227 Sq Ft Lot
  • Level Lot

Home Design

  • 3,654 Sq Ft Home
  • Concrete Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Flooring

  • Carpet
  • Tile

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Utilities

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

Additional Features

  • 4 Full Bathrooms
  • City Lot

Listing and Financial Details

  • Tax Lot 227
  • Assessor Parcel Number WSBR-000033-000000-000227

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $10,000
  • Gross Income $49,956

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,087

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.12
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Brown Street to King Street
  • Above Grade Finished Sq Ft: 3654.0
  • Architectural Style: Other Style
  • Garage Yn: No
  • Year Built: 1870
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 143.68
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.12
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 3654.0
  • Property Information:Garage: No
  • Site:Level: 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:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Tile2: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Water Heater:Gas: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 4
  • Income Expenses Gross Income: 49956.0
  • Income Expenses Operating Expenses: 10000.0
  • Exterior:Wood Siding: Yes
  • Gas:Natural - At Street: Yes
  • Basement:Slab2: Yes
  • Basement Entry:Exterior Only: Yes
  • Advertising Remarks:Advertising Remarks: This well cared for 4 unit apartment building has been meticulously maintained by the same owners since 2004 - Offering (2) 2 units on 1 lot w/ parking - (2) 1 bedroom units, (1) 2 bedroom & (1) 4 bedroom unit. All rents are under market w/ separate electric + heat giving the new owner minimal landlord responsibilities!! This turn-key property is priced to sell!! Open house Monday 12/7 from 10 am - 11 am. Please call for further details.
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Exterior Only, Unfinished
  • Full Bathrooms: 4
  • Flooring: Tile, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Intown, Near Turnpike/Interstate, Near Town, Neighborhood
  • Waterfront: No
  • Construction Type: Wood Siding, Other Exterior, Wood Frame
  • Foundation Details: Concrete Perimeter, Slab
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, 5 - 10 Spaces, Paved, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Other Heat System, Hot Water, Forced Air, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5227.2
  • Parcel #: WSBR-000033-000000-000227
  • Zoning: 21

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 49956.0
  • Annual Operating Expense: 10000.0

Tax Info

  • Tax Annual Amount: 6087.0
  • Tax Lot: 227
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2020
Closed on
Jan 29, 2021
Sold by
Pelletier Steve R and Pelletier Ginnie G
Bought by
Ngandu David N and Bongongo Bernadette I
Seller's Agent
Thomas Gadbois
F.O. Bailey Real Estate
Buyer's Agent
Evan Lelansky
Berkshire Hathaway HomeServices Northeast Real Estate
List Price
$525,000
Sold Price
$579,000
Premium/Discount to List
$54,000
10.29%
Current Estimated Value
$685,290

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,290
Avg. Annual Appreciation
3.18%
Original Mortgage
$568,512
Outstanding Balance
$508,208
Interest Rate
2.67%
Mortgage Type
FHA
Estimated Equity
$168,724
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Purchase History

Date Buyer Sale Price Title Company
Ngandu David N -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ngandu David N $568,512
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/29/2021 01/29/21 Sold $579,000 +10.3% $158 / Sq Ft
12/08/2020 12/08/20 Pending -- -- --
12/04/2020 12/04/20 For Sale $525,000 -- $144 / 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
2023 $6,792 $407,200 $79,300 $327,900
2022 $6,168 $340,800 $66,100 $274,700
2021 $6,076 $340,800 $66,100 $274,700
2020 $6,087 $340,800 $66,100 $274,700
2019 $6,087 $340,800 $66,100 $274,700
2018 $5,339 $275,000 $57,500 $217,500
2017 $5,192 $275,000 $57,500 $217,500
2016 $5,060 $275,000 $57,500 $217,500
2015 $4,939 $275,000 $57,500 $217,500
2014 $4,730 $275,000 $57,500 $217,500
2013 $4,730 $275,000 $57,500 $217,500
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Maine Listings

MLS Number: 1477523

Maine Listings

APN: WSBR-000033-000000-000227