NOT LISTED FOR SALE

366 Water St Skowhegan, ME 04976

-- Bed
-- Bath
4,875 Sq Ft
9,583 Sq Ft Lot

Last Sold December 30, 2023

Last sale price $317,000 $65 Per Sq Ft

Highlights

  • Wood Flooring
  • No HOA
  • Air Conditioning
  • New Englander Architecture
  • Walk-In Closet
  • Shed

About This Home

As of December 2023

This property has great income potential. A very unique 5 unit that has three 3 bedroom units and one of those has 2 baths. 12 total bedrooms, which can certainly generate great revenue. Many of the units have beautiful hardwood floors, updated kitchen and living space and they all have ample storage and lots of room. All units are occupied, but the seller will vacate at closing, to open up the 3 bedroom, two bath unit...if the buyer wants to live on premises. Rent could be increased to be in line with the local rental market. The seller has owned and occupied the property for 47 years.

Last Agent to Sell the Property

Desiree Libby

EXP Realty Listed on: 12/01/2023

Last Buyer's Agent

Desiree Libby

Bean Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,120

Lot Details

  • 9,583 Sq Ft Lot
  • Level Lot
  • Open Lot

Home Design

  • New Englander Architecture
  • Brick Foundation
  • Stone Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • Walk-In Closet
  • 4,875 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Vinyl

Unfinished Basement

  • Partial Basement
  • Brick Basement
  • Interior Basement Entry

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Shed
  • Outbuilding

Location

  • City Lot

Utilities

  • Air Conditioning
  • Heating System Uses Oil
  • Baseboard Heating
  • Natural Gas Not Available

Listing and Financial Details

  • Tax Lot 212
  • Assessor Parcel Number 366waterstreetskowhegan04976

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Additional Features

  • Community Storage Space
  • Operating Expense $16,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,120

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.22
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Follow Water St. East. Building is across from Coburn Park.
  • Above Grade Finished Sq Ft: 4875.0
  • Architectural Style: New Englander, Other Style
  • Garage Yn: No
  • Year Built: 9999
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.22
  • Property Information:SqFt Finished Above Grade: 4875.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Baseboard: Yes
  • Heat Fuel:Oil: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Storage: Yes
  • Exterior:Vinyl Siding: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:One-Floor Living: Yes
  • Basement:Unfinished: Yes
  • Roof:Metal: Yes
  • Amenities:Walk-in Closets: Yes
  • Gas:No Gas: Yes
  • Basement:Partial: Yes
  • Property Information:Number of Units: 5
  • Foundation Materials:BrickMortar2: Yes
  • Income Expenses Operating Expenses: 16000.0
  • Basement:Slab2: Yes
  • Basement:BrickMortar: Yes
  • Site:RollingSloping: Yes
  • Water Info:Island3: No
  • Foundation Materials:Granite2: Yes
  • Style:New Englander: Yes
  • Cooling:AC Units: Yes
  • Other Structures:Shed: Yes
  • Other Structures:Out Building: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Brick/Mortar, Other, Partial, Interior Entry, Unfinished
  • Flooring: Wood, Vinyl
  • Interior Amenities: 1st Floor Bedroom, One-Floor Living, Pantry, Walk-In Closet(s), Storage

Exterior Features

  • Lot Features: Level, Open Lot, Rolling Slope, Intown, Near Shopping
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Granite, Slab, Brick/Mortar
  • Other Structures: Outbuilding, Shed(s)
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Paved

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: A/C Units
  • Cooling Y N: Yes
  • Heating: 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: 9583.2
  • Parcel #: 366waterstreetskowhegan04976
  • Zoning: Urban

Multi Family

  • Number Of Units Total: 5
  • Annual Operating Expense: 16000.0

Tax Info

  • Tax Annual Amount: 2120.0
  • Tax Book Number: 866
  • Tax Lot: 212
  • Tax Map Number: 29
  • Tax Year: 2022

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2023 12/30/23 Sold $317,000 -17.7% $65 / Sq Ft
12/01/2023 12/01/23 Pending -- -- --
12/01/2023 12/01/23 For Sale $385,000 -- $79 / Sq Ft
Source: Maine Listings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1578431

Maine Listings

APN: SKOW 29-212