NOT LISTED FOR SALE

4 Spring Place Waterville, ME 04901

7 Beds
9 Baths
4,530 Sq Ft
8,712 Sq Ft Lot

Last Sold April 16, 2024

Last sale price $660,000 $146 Per Sq Ft

9 Days on Market

Highlights

  • Wood Flooring
  • Asbestos
  • Heating System Uses Natural Gas
  • No HOA
  • Open Lot

About This Home

As of April 2024

Fully occupied 9 unit Downtown Waterville located within an opportunity zone. Recent updates in 2021 include natural gas conversion, new heating systems, electrical updates, paint and flooring throughout. Separated heat and electricity. Strong occupancy and rental history. Minutes to Colby, Thomas, and area Hospitals.

Last Agent to Sell the Property

Matt Boulerice

New England Realty Group LLC Listed on: 01/24/2024

Last Buyer's Agent

Francois Rodrigue

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,970

Year Built

  • Built in 1920

Lot Details

  • 8,712 Sq Ft Lot
  • Property fronts a private road
  • Open Lot

Home Design

  • Wood Frame Construction
  • Metal Roof
  • Asbestos Siding
  • Asbestos

Interior Spaces

  • 9 Full Bathrooms
  • 4,530 Sq Ft Home
  • Multi-Level Property

Flooring

  • Wood
  • Vinyl

Unfinished Basement

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

Parking

  • Common or Shared Parking
  • Shared Driveway

Location

  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Heating System Uses Propane
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Tax Lot 155
  • Assessor Parcel Number WAVL-000044-000000-000155

Community Details

Overview

  • No Home Owners Association
  • 9 Units

Building Details

  • Operating Expense $19,735
  • Gross Income $93,120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,970

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2
  • Road Frontage Type: Private
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 4530.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1920
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 143.49
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.2
  • Property Information:Total Baths: 9.0
  • Property Information:SqFt Finished Above Grade: 4530.0
  • Property Information:Garage: No
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat Fuel:Propane: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Roads:Private: Yes
  • Gas:Natural - On Site: Yes
  • Driveway:Common2: Yes
  • Basement:Unfinished: Yes
  • Roof:Metal: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 9
  • Income Expenses Gross Income: 93120.0
  • Income Expenses Operating Expenses: 19735.0
  • Style:Multi-Level: Yes
  • Exterior:Asbestos: Yes
  • Heat System:Direct Vent Furnace: Yes
  • Advertising Remarks:Advertising Remarks: Fully occupied 9 unit Downtown Waterville located within an opportunity zone. Recent updates in 2021 include natural gas conversion, new heating systems, electrical updates, paint and flooring throughout. Separated heat and electricity. Strong occupancy and rental history. Minutes to Colby, Thomas, and area Hospitals.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 9
  • Flooring: Wood, Vinyl
  • Full Basement: Yes

Exterior Features

  • Lot Features: Open Lot, Intown, Near Shopping, Near Turnpike/Interstate
  • Waterfront: No
  • Construction Type: Asbestos, Wood Frame
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Parking Features: 11 - 20 Spaces, Common

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Other Heat System, Direct Vent Furnace
  • 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: 8712.0
  • Parcel #: WAVL-000044-000000-000155
  • Zoning: CA

Multi Family

  • Number Of Units Total: 9
  • Annual Gross Income: 93120.0
  • Annual Operating Expense: 19735.0

Tax Info

  • Tax Annual Amount: 5970.0
  • Tax Lot: 155
  • Tax Year: 2024
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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 Prior Sale
04/16/2024 04/16/24 Sold $660,000 +1.5% $146 / Sq Ft
02/03/2024 02/03/24 Pending -- -- --
01/24/2024 01/24/24 For Sale $650,000 +195.5% $143 / Sq Ft
03/24/2021 03/24/21 Sold $220,000 -44.9% $49 / Sq Ft View Prior Sale
12/24/2020 12/24/20 Pending -- -- --
10/06/2020 10/06/20 For Sale $399,000 -- $88 / 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 $6,975 $410,300 $28,500 $381,800
2024 $6,000 $300,000 $11,000 $289,000
2023 $5,970 $300,000 $11,000 $289,000
2022 $3,867 $149,600 $8,200 $141,400
2021 $3,539 $138,800 $8,200 $130,600
2020 $3,575 $138,800 $8,200 $130,600
2019 $3,575 $138,800 $8,200 $130,600
2018 $3,507 $138,800 $8,200 $130,600
2017 $3,238 $138,800 $8,200 $130,600
2016 $3,165 $138,800 $8,200 $130,600
2015 $2,288 $82,300 $6,900 $75,400
2014 $2,255 $82,300 $6,900 $75,400
2013 $2,255 $82,300 $6,900 $75,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1580982

Maine Listings

APN: WAVL 044-155