Seller's Agent in 2024
Marie Flaherty
The Flaherty Group
(207) 776-9160
34 in this area
219 Total Sales
41 Lotts Dr Windham, ME 04062
Estimated Value: $485,000 - $641,000
4
Beds
2
Baths
2,252
Sq Ft
$257/Sq Ft
Est. Value
Highlights
- Nearby Water Access
- Main Floor Bedroom
- Bathtub
- Wood Flooring
- No HOA
- Cooling Available
About This Home
As of February 2024Welcome to your dream investment property ''at the rotary'' in the picturesque town of Windham, Maine! This 2-unit gem has undergone a remarkable transformation, turning what was once a convenience store into a modern two-unit apartment house.
As you step inside the first-floor unit, you'll be greeted by the blend of hardwood and engineered wood floors, creating an inviting atmosphere. The tile mudroom sets the tone for maintaining a tidy home. Its 3 bedrooms, an open kitchen/dining area and living room provide ample space to rest and recharge. The second floor unit features 2 bedrooms, an eat-in kitchen and hardwood floors. Prepare to be awed by the kitchens and baths adorned with granite countertops. These elegant surfaces ensure durability for years to come. Both units have laundry hook-ups in the unit and brand-new stainless-steel appliances in the kitchens adding to the appeal.
Efficiency meets comfort with both gas Rinnai heating and heat pumps in each unit. Stay toasty during the chilly Maine winters and cool in the heat of the summer, while enjoying the utmost energy efficiency, keeping your utility bills in check.
Location-wise, ''at the rotary'' is perfectly situated for those seeking easy access to the beautiful Lakes region and everything that the vibrant Greater Portland area has to offer. Despite its proximity to a main road, you'll find serenity and tranquility within these walls, ensuring you have the best of both worlds.
Don't miss your chance to make this meticulously renovated 2-unit property your own. Embrace the lifestyle you deserve, and seize this opportunity to add ''at the rotary'' to your investment portfolio.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,321
Year Built
- Built in 1929
Lot Details
- 9,583 Sq Ft Lot
- Level Lot
- Open Lot
Home Design
- Duplex
- Wood Frame Construction
- Shingle Roof
- Fiberglass Roof
- Vinyl Siding
Interior Spaces
- 2,252 Sq Ft Home
- 2-Story Property
- Laundry on main level
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- Main Floor Bedroom
- 2 Full Bathrooms
- Bathtub
- Shower Only
Unfinished Basement
- Interior Basement Entry
- Sump Pump
Parking
- Gravel Driveway
- Paved Parking
- On-Site Parking
Utilities
- Cooling Available
- Space Heater
- Heating System Uses Natural Gas
- Heat Pump System
- Electric Water Heater
- Septic System
- Private Sewer
- Internet Available
Additional Features
- Nearby Water Access
- Suburban Location
Listing and Financial Details
- Tax Lot 5
- Assessor Parcel Number WINM-000046-000000-000005
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Operating Expense $999
- Gross Income $58,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 19, 2024
Closed on
Feb 5, 2024
Sold by
Stax Building Inc
Bought by
Michaelson David
Seller's Agent
Marie Flaherty
The Flaherty Group
Buyer's Agent
Amanda Salovitch
Dream Home Realty LLC
List Price
$549,000
Sold Price
$560,000
Premium/Discount to List
$11,000
2%
Views
7
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
$19,596
Avg. Annual Appreciation
2.11%
Original Mortgage
$532,000
Outstanding Balance
$522,598
Interest Rate
6.61%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$56,998
Purchase Details
Closed on
Jul 20, 2023
Sold by
Pacific Premier T
Bought by
Stax Building Inc
Purchase Details
Closed on
Nov 29, 2018
Sold by
S & K Investments Inc
Bought by
Pensco T Co Llc
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Michaelson David | $560,000 | None Available | |
| Stax Building Inc | $205,000 | None Available | |
| Pensco T Co Llc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Michaelson David | $532,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/05/2024 02/05/24 | Sold | $560,000 | +2.0% | $249 / Sq Ft |
| 01/21/2024 01/21/24 | Pending | -- | -- | -- |
| 01/19/2024 01/19/24 | For Sale | $549,000 | -- | $244 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
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 | $5,892 | $513,700 | $88,400 | $425,300 |
| 2023 | $4,964 | $443,200 | $68,800 | $374,400 |
| 2022 | $1,822 | $156,900 | $71,600 | $85,300 |
| 2021 | $1,977 | $156,900 | $71,600 | $85,300 |
| 2020 | $2,235 | $149,000 | $71,600 | $77,400 |
| 2019 | $2,181 | $149,000 | $71,600 | $77,400 |
| 2018 | $2,262 | $149,000 | $71,600 | $77,400 |
| 2017 | $1,638 | $99,700 | $57,300 | $42,400 |
| 2016 | $1,565 | $99,700 | $57,300 | $42,400 |
| 2015 | $2,336 | $154,200 | $57,300 | $96,900 |
| 2014 | $2,262 | $154,200 | $57,300 | $96,900 |
| 2013 | -- | $154,200 | $57,300 | $96,900 |
Source: Public Records
Agents Affiliated with this Home
-
Marie Flaherty
-
Amanda Salovitch
A
Buyer's Agent in 2024
Amanda Salovitch
Dream Home Realty LLC
(207) 951-8021
11 in this area
42 Total Sales
-
Sarah Msuya
Buyer Co-Listing Agent in 2024
Sarah Msuya
Dream Home Realty LLC
(207) 887-9543
3 in this area
115 Total Sales
Map
Source: Maine Listings
MLS Number: 1580680
APN: WINM-000046-000000-000005
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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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