NOT LISTED FOR SALE

39 Howard St Lewiston, ME 04240

Estimated Value: $448,000 - $569,285

11 Beds
3 Baths
6,060 Sq Ft
$83/Sq Ft Est. Value

Last Sold June 12, 2023

Last sale price $480,000 $79 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,025/month

11 Days on Market

Highlights

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

About This Home

As of June 2023

Large triple decker 3-unit in downtown Lewiston on a 13,500+/- lot, potentially allowing for expansion or development opportunities. The vacant top floor is freshly remodeled with a new granite kitchen, stainless appliances and refinished floors, ready for an owner occupant to enjoy the large 4BR layout. Income potential is huge with 4BR apartments on the first and second floor as well. Plenty of parking for all, and abundant outdoor space for tenants to enjoy.

Last Agent to Sell the Property

Brit Vitalius

Vitalius Real Estate Group, LLC Listed on: 04/27/2023

Co-Listed By

Chris Sullivan

Vitalius Real Estate Group, LLC

Last Buyer's Agent

Jonny Carr Kathie Carr

Bean Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,021

Year Built

  • Built in 1912

Lot Details

  • 0.31 Acre Lot
  • Level Lot
  • Open Lot

Parking

  • Gravel Driveway

Home Design

  • Flat Roof Shape
  • Masonry

Interior Spaces

  • 3 Full Bathrooms
  • 6,060 Sq Ft Home
  • Multi-Level Property
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Tile
  • Vinyl

Unfinished Basement

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

Location

  • City Lot

Utilities

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

Listing and Financial Details

  • Tax Lot 255
  • Assessor Parcel Number LEWI-000195-000000-000255

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $15,096
  • Gross Income $53,160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,021

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.31
  • Road Surface Type: Paved
  • Co List Office Phone: 207-541-3755
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 6060.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1912
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 74.26
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.31
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 6060.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Laundry - Hookup: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 3
  • Income Expenses Gross Income: 53160.0
  • Income Expenses Operating Expenses: 15096.0
  • Style:Multi-Level: Yes
  • Gas:Natural - At Street: Yes
  • Driveway:Gravel: Yes
  • Roof:Flat: Yes
  • Construction:Masonry: Yes
  • Advertising Remarks:Advertising Remarks: Large triple decker 3-unit in downtown Lewiston on a 13,500+/- lot, potentially allowing for expansion or development opportunities. The vacant top floor is freshly remodeled with a new granite kitchen, stainless appliances and refinished floors, ready for an owner occupant to enjoy the large 4BR layout. Income potential is huge with 4BR apartments on the first and second floor as well. Plenty of parking for all, and abundant outdoor space for tenants to enjoy.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl, Tile
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Intown, Near Shopping, Near Turnpike/Interstate, Near Town
  • Waterfront: No
  • Construction Type: Concrete, Masonry
  • Roof: Flat

Garage/Parking

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

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: 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: 13503.6
  • Parcel #: LEWI-000195-000000-000255
  • Zoning: DR

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 53160.0
  • Annual Operating Expense: 15096.0

Tax Info

  • Tax Annual Amount: 4021.0
  • Tax Lot: 255
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2020
Closed on
Jun 30, 2020
Sold by
Dbw Properties Inc
Bought by
Allen Real Estate Llc
Seller's Agent
Steven Johndro
Androvise Realty
Buyer's Agent
Gina Letourneau-Masiello
Berkshire Hathaway HomeServices Northeast Real Estate
List Price
$170,000
Sold Price
$203,000
Premium/Discount to List
$33,000
19.41%
Current Estimated Value
$504,821

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$301,821
Avg. Annual Appreciation
17.87%
Original Mortgage
$162,400
Outstanding Balance
$143,637
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$361,184
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Allen Real Estate Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Allen Real Estate Llc $162,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/12/2023 06/12/23 Sold $480,000 +6.7% $79 / Sq Ft
05/08/2023 05/08/23 Pending -- -- --
04/27/2023 04/27/23 For Sale $450,000 +121.7% $74 / Sq Ft
06/30/2020 06/30/20 Sold $203,000 +19.4% $33 / Sq Ft View Prior Sale
05/22/2020 05/22/20 Pending -- -- --
05/22/2020 05/22/20 For Sale $170,000 -- $28 / 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
2025 $4,625 $141,100 $28,080 $113,020
2024 $4,483 $141,100 $28,080 $113,020
2023 $4,233 $141,100 $28,080 $113,020
2022 $4,021 $141,100 $28,080 $113,020
2021 $3,987 $141,100 $28,080 $113,020
2020 $3,120 $108,840 $28,080 $80,760
2019 $3,147 $108,840 $28,080 $80,760
2018 $3,120 $108,840 $28,080 $80,760
2017 $3,050 $108,840 $28,080 $80,760
2016 $2,997 $108,840 $28,080 $80,760
2015 $2,979 $108,840 $28,080 $80,760
2014 $2,894 $108,840 $28,080 $80,760
2013 $2,878 $108,840 $28,080 $80,760
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1557270

Maine Listings

APN: LEWI-000195-000000-000255