NOT LISTED FOR SALE

38 E Leavitt St Skowhegan, ME 04976

Estimated Value: $176,486

-- Bed
2.5 Baths
2,386 Sq Ft
$74/Sq Ft Est. Value

Last Sold December 04, 2020

Last sale price $115,000 $48 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $1,137/month

48 Days on Market

Highlights

  • Deck
  • New Englander Architecture
  • Forced Air Heating System
  • Wood Flooring
  • No HOA
  • Garage

About This Home

As of December 2020

Terrific opportunity to own a nice, turn-key income property in Skowhegan. Located in a beautiful residential neighborhood, this three story 2-family apartment is currently fully occupied and producing immediate returns. You can continue to rent both units or live in one unit and rent the other. Both units are well-maintained with updated heating systems and electric. Landlord currently pays for the heat, water and trash removal and the tenants pay for electric. Both units have dedicated water meters. This property comes with almost a half acre lot.

Last Agent to Sell the Property

Garrett Quinn

Whittemore's Real Estate Listed on: 07/20/2020

Last Buyer's Agent

Garrett Quinn

Whittemore's Real Estate Listed on: 07/20/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,591

Year Built

  • Built in 1890

Lot Details

  • 0.44 Acre Lot
  • Level Lot
  • Open Lot

Home Design

  • 2,386 Sq Ft Home
  • New Englander Architecture
  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding
  • Clap Board Siding
  • Clapboard

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Unfinished Basement

  • Partial Basement
  • Interior Basement Entry

Parking

  • Garage
  • Gravel Driveway

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Additional Features

  • Deck
  • City Lot

Listing and Financial Details

  • Tax Lot 188
  • Assessor Parcel Number SKOW-000029-000000-000188

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $4,000
  • Gross Income $16,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,591

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.44
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From North Avenue (Route 150), turn onto E. Leavitt Street. Property is located on the left. See Sign.
  • Above Grade Finished Sq Ft: 2386.0
  • Architectural Style: New Englander
  • Garage Yn: Yes
  • Year Built: 1890
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.44
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2386.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Forced Air: Yes
  • Heat Fuel:Oil: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Roof:Metal: Yes
  • Floors:Laminate: Yes
  • Basement:Partial: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Exterior:Clapboard: Yes
  • Income Expenses Gross Income: 16800.0
  • Income Expenses Operating Expenses: 4000.0
  • Exterior:Wood Siding: Yes
  • Property Information:Short Sale Continue to Show: No
  • Driveway:Gravel: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Heat System:Direct Vent Heater: Yes
  • Style:New Englander: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Partial, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Flooring: Wood, Vinyl, Laminate, Carpet

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Intown, Neighborhood
  • Waterfront: No
  • Construction Type: Wood Siding, Clapboard, Wood Frame
  • Foundation Details: Stone, Brick/Mortar
  • Patio And Porch Features: Deck
  • Roof: Metal
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Gravel

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Direct Vent Heater, Hot Air
  • 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: 19166.4
  • Parcel #: SKOW-000029-000000-000188
  • Zoning: N/A

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 16800.0
  • Annual Operating Expense: 4000.0

Tax Info

  • Tax Annual Amount: 1591.0
  • Tax Book Number: 3735
  • Tax Lot: 188
  • Tax Map Number: 29
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2020
Closed on
Dec 3, 2020
Sold by
Ward Todd G and Ward Jessica E
Bought by
Ross Gretchen M and Ross John B
Seller's Agent
Garrett Quinn
Whittemore's Real Estate
Buyer's Agent
Garrett Quinn
Whittemore's Real Estate
List Price
$119,000
Sold Price
$115,000
Premium/Discount to List
-$4,000
-3.36%
Current Estimated Value
$176,486

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,486
Avg. Annual Appreciation
9.23%
Original Mortgage
$92,000
Outstanding Balance
$81,867
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$94,619

Purchase Details

Closed on
Aug 31, 2006
Sold by
Hubbard Robert
Bought by
Ward Todd G and Ward Jessica E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,700
Interest Rate
6.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 2, 2005
Sold by
Gourley Troy A
Bought by
Hubbard Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
5.67%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Ross Gretchen M -- None Available
Ross Gretchen M -- None Available
Ward Todd G -- --
Ward Todd G -- --
Ward Todd G -- --
Hubbard Robert -- --
Hubbard Robert -- --
Hubbard Robert -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ross Gretchen M $92,000
Closed Ross Gretchen M $92,000
Previous Owner Ward Todd G $63,700
Previous Owner Hubbard Robert $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/04/2020 12/04/20 Sold $115,000 -3.4% $48 / Sq Ft
09/07/2020 09/07/20 Pending -- -- --
07/20/2020 07/20/20 For Sale $119,000 -- $50 / 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 $2,407 $133,200 $33,600 $99,600
2023 $2,360 $133,200 $33,600 $99,600
2022 $1,835 $105,000 $23,500 $81,500
2021 $1,694 $92,300 $23,500 $68,800
2020 $1,661 $92,300 $23,500 $68,800
2019 $1,591 $92,300 $23,500 $68,800
2018 $1,680 $92,300 $23,500 $68,800
2017 $1,846 $92,300 $23,500 $68,800
2016 $1,476 $77,500 $23,500 $54,000
2015 $1,418 $77,500 $23,500 $54,000
2014 $1,329 $77,500 $23,500 $54,000
2013 -- $77,500 $23,500 $54,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1461132

Maine Listings

APN: SKOW-000029-000000-000188