41 Lotts Dr Windham, ME 04062
Estimated payment $3,780/month
Highlights
- Wood Flooring
- Cooling Available
- Space Heater
- No HOA
About This Home
41 Lotts Dr, Windham, ME - Owner-Occupy Opportunity with Income Potential Open House Saturday, April 18th from 10:00 AM - 12:00 PM Live in one unit and let the other help pay your mortgage. This well-maintained 2-unit property offers a spacious 3-bedroom unit that will be delivered vacant at closing, paired with a 2-bedroom apartment currently leased to great tenants at $2,200/month. The 3-bedroom unit features single-level living with an open kitchen, dining, and living area, along with a convenient mud room and brand new in-unit washer and dryer included. Updated finishes throughout, including granite countertops and stainless steel appliances, create a clean, modern feel. Market rent for the 3-bedroom unit is estimated at $2,750/month. The second unit offers a well-designed layout with consistent rental appeal and in-place income, and also includes its own new in-unit washer and dryer. Tenants pay utilities, helping keep expenses low, and off-street parking adds convenience. Ideally located right off the rotary with easy access to I-95, Gorham, Westbrook, Gray, and Cumberland. Just 20-25 minutes to downtown Portland, ~20 minutes to the Jetport, and under 2 hours to Boston. Close to North Windham amenities and Sebago Lake, with easy access to I-95. Financing-friendly, including MSHA, FHA, and conventional loans. A great opportunity for owner-occupants or investors seeking strong rental potential in a high-demand location.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,195
Year Built
- Built in 1929
Lot Details
- 9,583 Sq Ft Lot
Home Design
- Duplex
- Shingle Roof
- Fiberglass Roof
Interior Spaces
- 2 Full Bathrooms
- 2,252 Sq Ft Home
- 2-Story Property
- Interior Basement Entry
Flooring
- Wood
- Tile
Utilities
- Cooling Available
- Space Heater
- Heat Pump System
- Private Sewer
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 $8,985
- Gross Income $59,400
Map
Home Values in the Area
Average Home Value in this Area
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 | $6,195 | $513,700 | $88,400 | $425,300 |
| 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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/15/2026 04/15/26 | For Sale | $619,900 | +10.7% | $275 / Sq Ft | |
| 02/05/2024 02/05/24 | Sold | $560,000 | +2.0% | $249 / Sq Ft | View Prior Sale |
| 01/21/2024 01/21/24 | Pending | -- | -- | -- | |
| 01/19/2024 01/19/24 | For Sale | $549,000 | -- | $244 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $560,000 | None Available | |
| Warranty Deed | $205,000 | None Available | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $532,000 | Purchase Money Mortgage |
Source: Maine Listings
MLS Number: 1657908
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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Ask me questions while you tour the home.