$150,000
SOLD AUG 16, 2024

40 Silvermount St Waterville, ME 04901

-- Bed
2 Baths
2,233 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$67 Per Sq Ft

3 Days on Market

Highlights

  • Wood Flooring
  • Level Lot
  • Heating System Uses Oil
  • No HOA
  • Wood Siding

About This Home

As of March 2025

This wonderful in-town two unit is located at the end of a dead-end road with plenty of privacy and natural beauty surrounding it. Both units feature 3 bedrooms, 1 bath, and fully equipped kitchens. The lower-level unit includes a bonus back room with sliding glass doors to a back deck while the upstairs unit has a 3-season glassed sunporch on the front. The upstairs unit also has a bonus room off of the kitchen that could be used as an extra-large pantry or office space. Enjoy the privacy of this lot while benefiting from the luxury of living less than a mile from all the necessities. This property is less than 2 miles from Thomas and 3 miles from Colby. It is within walking distance to the downtown area, local grocery stores, pharmacy, restaurants, and other shops. Many modifications and upgrades have been done to the property over the past 3 years including a new furnace, oil tank, chimney liner, heat pump hot water heater, and electrical for the upstairs unit along with a new electrical box in the basement. This home has a great foundation for anyone who is looking to dip their toes into the rental property business or experienced rental property owners that can give it the TLC it needs.

Last Agent to Sell the Property

Trisha Ware

Coldwell Banker Plourde Real Estate Listed on: 07/22/2024

Coldwell Banker Plourde Real Estate

Last Buyer's Agent

Nathan Natole

Coldwell Banker Plourde Real Estate

Coldwell Banker Plourde Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,777

Year Built

  • Built in 1914

Lot Details

  • 8,712 Sq Ft Lot
  • Street terminates at a dead end
  • Level Lot

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 2,233 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Laminate

Unfinished Basement

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

Parking

  • Driveway
  • Paved Parking

Location

  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Heating System Mounted To A Wall or Window
  • Natural Gas Not Available
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 199
  • Assessor Parcel Number WAVL-000038-000000-000199

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Pet Policy

  • Limit on the number of pets

Building Details

  • Operating Expense $7,303
  • Gross Income $15,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,777

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From Silver street turn onto Day Court, at the end of day turn right. Building is on the left.
  • Above Grade Finished Sq Ft: 2233.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1914
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.2
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2233.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Roof:Metal: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 15000.0
  • Income Expenses Operating Expenses: 7303.0
  • Style:Multi-Level: Yes
  • Exterior:Wood Siding: Yes
  • Parking:Paved3: Yes
  • Roads:Dead End: Yes
  • Heat System:Direct Vent Furnace: Yes
  • Building Info:_pound_ Floors3: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Flooring: Wood, Laminate
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Intown
  • Waterfront: No
  • Construction Type: Wood Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Metal

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Furnace
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: 1 Pet

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8712.0
  • Parcel #: WAVL-000038-000000-000199
  • Zoning: RB

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 15000.0
  • Annual Operating Expense: 7303.0

Tax Info

  • Tax Annual Amount: 2777.0
  • Tax Book Number: 8773
  • Tax Lot: 199
  • Tax Map Number: 38
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2025
Closed on
Mar 5, 2025
Sold by
Martel Maximillian J
Bought by
Auction Realty Inc
Seller's Agent
Nathan Natole
Coldwell Banker Plourde Real Estate
Buyer's Agent
Francois Rodrigue
Keller Williams Realty
List Price
$169,000
Sold Price
$170,000
Premium/Discount to List
$1,000
0.59%
Views
10

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.86%
Original Mortgage
$140,000
Outstanding Balance
$139,651
Interest Rate
6.96%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$28,728

Purchase Details

Listed on
Jul 22, 2024
Closed on
Aug 16, 2024
Sold by
Belanger Margo
Bought by
Martel Maximilian J
Seller's Agent
Trisha Ware
Coldwell Banker Plourde Real Estate
Buyer's Agent
Nathan Natole
Coldwell Banker Plourde Real Estate
List Price
$150,000
Sold Price
$150,000
Views
13

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.55%

Purchase Details

Closed on
Jan 23, 2006
Sold by
Bourque Linda A and Bourque George D
Bought by
Belanger Margo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,250
Interest Rate
6.33%
Mortgage Type
FHA
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 Type Sale Price Title Company
Warranty Deed $170,000 None Available
Warranty Deed $170,000 None Available
Warranty Deed $150,000 None Available
Warranty Deed $150,000 None Available
Warranty Deed $150,000 None Available
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $140,000 Purchase Money Mortgage
Closed $140,000 Purchase Money Mortgage
Previous Owner $14,457 Second Mortgage Made To Cover Down Payment
Previous Owner $69,125 FHA
Previous Owner $87,250 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2025 06/24/25 For Sale $349,900 +105.8% $157 / Sq Ft
03/05/2025 03/05/25 Sold $170,000 +0.6% $76 / Sq Ft
02/10/2025 02/10/25 For Sale $169,000 +12.7% $76 / Sq Ft
08/16/2024 08/16/24 Sold $150,000 0.0% $67 / Sq Ft
07/26/2024 07/26/24 Pending -- -- --
07/22/2024 07/22/24 For Sale $150,000 -- $67 / 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 $2,788 $139,400 $19,900 $119,500
2023 $2,774 $139,400 $19,900 $119,500
2022 $1,884 $72,900 $15,000 $57,900
2021 $1,859 $72,900 $15,000 $57,900
2020 $1,878 $72,900 $15,000 $57,900
2019 $1,878 $72,900 $15,000 $57,900
2018 $1,842 $72,900 $15,000 $57,900
2017 $1,701 $72,900 $15,000 $57,900
2016 $1,662 $72,900 $15,000 $57,900
2015 $1,865 $67,100 $17,200 $49,900
2014 $1,839 $67,100 $17,200 $49,900
2013 $1,839 $67,100 $17,200 $49,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1597760

Maine Listings

APN: WAVL-000038-000000-000199