S
Seller's Agent in 2025
Sally Christner
Fontaine Family-The Real Estate Leader
(207) 240-2474
3 in this area
28 Total Sales
37 King Ave Lewiston, ME 04240
--
Bed
3
Baths
2,996
Sq Ft
4,792
Sq Ft
Highlights
- Wood Flooring
- No HOA
- Bathtub
- Main Floor Bedroom
- Screened Porch
- Air Conditioning
About This Home
As of May 2025Prime Investment Opportunity
This well-maintained and expertly managed multi-unit property offers a tried-and-true track record of profitability. Featuring two spacious three-bedroom units and one cozy single-bedroom unit, this property boasts an excellent rental history.
Key Features:
Stable Rental Income: Proven profitable with great rental history.
Ideal Location: A prime area offering high demand from tenants.
Charming Interiors: Wood floors throughout and each unit has its own enclosed porch.
Two Viewing Opportunities: Come tour this rare investment gem, and you'll see firsthand why this property stands out.
Don't miss out on this exceptional opportunity to add a solid, income-generating property to your portfolio!
Two group showing opportunities.
Sunday, March 16, Noon to 2:00
Tuesday, March 18, 3:00-5:00
Last Agent to Sell the Property
Fontaine Family-The Real Estate Leader Listed on: 03/13/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,256
Year Built
- Built in 1949
Lot Details
- 4,792 Sq Ft Lot
- Level Lot
Home Design
- Flat Roof Shape
- Concrete Foundation
- Wood Frame Construction
- Rolled or Hot Mop Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 2,996 Sq Ft Home
- 3-Story Property
- Screened Porch
- Laundry on main level
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- Main Floor Bedroom
- 3 Full Bathrooms
- Bathtub
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Natural lighting in basement
Parking
- Driveway
- Paved Parking
- On-Site Parking
- Off-Street Parking
Location
- City Lot
Utilities
- Air Conditioning
- Zoned Heating
- Heating System Uses Oil
- Baseboard Heating
- Hot Water Heating System
- Internet Available
Listing and Financial Details
- Tax Lot 104
- Assessor Parcel Number LEWI-000170-000000-000104
Community Details
Overview
- No Home Owners Association
- 3 Units
Amenities
- Community Storage Space
Building Details
- Operating Expense $10,456
- Gross Income $52,800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 13, 2025
Closed on
May 22, 2025
Sold by
Mason Rebekah L
Bought by
Bergeron Bree
Seller's Agent
Sally Christner
Fontaine Family-The Real Estate Leader
Buyer's Agent
Luke Kelleher
Fontaine Family-The Real Estate Leader
List Price
$399,900
Sold Price
$437,000
Premium/Discount to List
$37,100
9.28%
Views
12
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,985
Avg. Annual Appreciation
-1.23%
Original Mortgage
$429,084
Outstanding Balance
$427,168
Interest Rate
6.62%
Mortgage Type
FHA
Estimated Equity
$5,847
Purchase Details
Listed on
Feb 18, 2016
Closed on
Aug 23, 2016
Sold by
Deramo Andrew J
Bought by
Lynch Rebekah A
Seller's Agent
Jann Perkins Farrington
Thomas Agency
Buyer's Agent
Patrick Matheson
Keller Williams Realty
List Price
$157,735
Sold Price
$147,235
Premium/Discount to List
-$10,500
-6.66%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.24%
Original Mortgage
$144,567
Interest Rate
3.37%
Mortgage Type
FHA
Purchase Details
Closed on
May 4, 2015
Sold by
Andrew J Deramo Ret
Bought by
Deramo Andrew J
Purchase Details
Closed on
Nov 6, 2013
Sold by
Deramo Andrew J and Deramo Andrew J
Bought by
Andrew J Deramo T J and Andrew Deramo
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $437,000 | None Available | |
| Warranty Deed | $437,000 | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $429,084 | FHA | |
| Closed | $429,084 | FHA | |
| Previous Owner | $144,567 | FHA | |
| Previous Owner | $105,700 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/22/2025 05/22/25 | Sold | $437,000 | +9.3% | $146 / Sq Ft | |
| 03/20/2025 03/20/25 | Pending | -- | -- | -- | |
| 03/13/2025 03/13/25 | For Sale | $399,900 | +171.6% | $133 / Sq Ft | |
| 08/23/2016 08/23/16 | Sold | $147,235 | -6.7% | $49 / Sq Ft | View Prior Sale |
| 07/18/2016 07/18/16 | Pending | -- | -- | -- | |
| 02/18/2016 02/18/16 | For Sale | $157,735 | -- | $53 / Sq Ft |
Source: Maine Listings
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 |
|---|---|---|---|---|
| 2025 | $3,360 | $102,500 | $13,440 | $89,060 |
| 2024 | $3,256 | $102,500 | $13,440 | $89,060 |
| 2023 | $3,075 | $102,500 | $13,440 | $89,060 |
| 2022 | $2,921 | $102,500 | $13,440 | $89,060 |
| 2021 | $2,897 | $102,500 | $13,440 | $89,060 |
| 2020 | $2,939 | $102,500 | $13,440 | $89,060 |
| 2019 | $2,775 | $96,000 | $13,440 | $82,560 |
| 2018 | $2,752 | $96,000 | $13,440 | $82,560 |
| 2017 | $2,690 | $96,000 | $13,440 | $82,560 |
| 2016 | $2,644 | $96,000 | $13,440 | $82,560 |
| 2015 | $2,628 | $96,000 | $13,440 | $82,560 |
| 2014 | $2,553 | $96,000 | $13,440 | $82,560 |
| 2013 | -- | $96,000 | $13,440 | $82,560 |
Source: Public Records
Agents Affiliated with this Home
-
Sally Christner
-
Luke Kelleher
L
Buyer's Agent in 2025
Luke Kelleher
Fontaine Family-The Real Estate Leader
(860) 816-4335
7 in this area
24 Total Sales
-
J
Seller's Agent in 2016
Jann Perkins Farrington
Thomas Agency
-
P
Buyer's Agent in 2016
Patrick Matheson
Keller Williams Realty
Map
Source: Maine Listings
MLS Number: 1616101
APN: LEWI-000170-000000-000104
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Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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