NOT LISTED FOR SALE

41 Spring St Lewiston, ME 04240

Estimated Value: $271,000 - $320,000

3 Beds
2 Baths
2,310 Sq Ft
$123/Sq Ft Est. Value

Last Sold June 28, 2024

Last sale price $255,000 $110 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $1,689/month

10 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Asbestos
  • New Englander Architecture
  • Baseboard Heating
  • Level Lot

About This Home

As of June 2024

Discover an excellent investment opportunity with this multi-family building, ideally situated close to amenities and a hospital. This property features two distinct units. A cozy one-bedroom apartment, perfect for singles or couples. This unit is ready to move in and start generating rental income immediately. Unit 2 is a spacious three-bedroom apartment that spans two floors, providing ample space for families. This unit needs some TLC, presenting the perfect chance for customization and value addition.
Don't miss out on this investment!

Last Agent to Sell the Property

Bill Bergeron

Fontaine Family-The Real Estate Leader Brokerage Phone: 207-784-3800 Listed on: 05/20/2024

Last Buyer's Agent

Kelly Webb

Fontaine Family-The Real Estate Leader

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,005

Year Built

  • Built in 1871

Lot Details

  • 4,356 Sq Ft Lot
  • Level Lot

Home Design

  • New Englander Architecture
  • Brick Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Asbestos Siding
  • Asbestos

Interior Spaces

  • 2 Full Bathrooms
  • 2,310 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Laminate

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Parking

  • Driveway
  • Paved Parking

Location

  • City Lot

Utilities

  • No Cooling
  • Radiator
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available

Listing and Financial Details

  • Tax Lot 137
  • Assessor Parcel Number LEWI-000206-000000-000137

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $7,455
  • Gross Income $24,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,005

Year Built

Built in 1871

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From ME-100 S/ME-11 S/US-202 W/Main St., turn right onto Holland St., turn left onto Spring St., and property will be on the left.
  • Above Grade Finished Sq Ft: 2310.0
  • Architectural Style: Multi-Level, New Englander
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1871
  • Attribution Contact: 207-784-3800
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.1
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2310.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: 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
  • Basement Entry:Walk-Out: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:BrickMortar2: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 24000.0
  • Income Expenses Operating Expenses: 7455.0
  • Style:Multi-Level: Yes
  • Heat System:Radiator: Yes
  • Exterior:Asbestos: Yes
  • Basement Entry:Exterior Only: Yes
  • Style:New Englander: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Full, Interior Entry, Walk-Out Access, Exterior Only
  • Full Bathrooms: 2
  • Flooring: Wood, Laminate
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Intown
  • Waterfront: No
  • Construction Type: Asbestos, Wood Frame
  • Foundation Details: Brick/Mortar
  • Roof: Shingle

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiator, Hot Water, 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: 4356.0
  • Parcel #: LEWI-000206-000000-000137
  • Zoning: UE

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 24000.0
  • Annual Operating Expense: 7455.0

Tax Info

  • Tax Annual Amount: 2005.0
  • Tax Book Number: 1795
  • Tax Lot: 137
  • Tax Map Number: 206
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2024
Closed on
Jun 28, 2024
Sold by
Allen Marc A
Bought by
Couture Cullen
Seller's Agent
Bill Bergeron
Fontaine Family-The Real Estate Leader
Buyer's Agent
Kelly Webb
Fontaine Family-The Real Estate Leader
List Price
$250,000
Sold Price
$255,000
Premium/Discount to List
$5,000
2%
Views
10
Current Estimated Value
$285,134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,134
Avg. Annual Appreciation
1.83%
Original Mortgage
$229,500
Outstanding Balance
$227,774
Interest Rate
7.02%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$33,085
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 Buyer Sale Price Title Company
Couture Cullen $255,000 None Available
Couture Cullen $255,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Couture Cullen $229,500
Closed Couture Cullen $229,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2024 06/28/24 Sold $255,000 +2.0% $110 / Sq Ft
05/31/2024 05/31/24 Pending -- -- --
05/20/2024 05/20/24 For Sale $250,000 -- $108 / 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 $2,124 $66,840 $12,360 $54,480
2023 $2,005 $66,840 $12,360 $54,480
2022 $1,905 $66,840 $12,360 $54,480
2021 $1,889 $66,840 $12,360 $54,480
2020 $1,916 $66,840 $12,360 $54,480
2019 $1,932 $66,840 $12,360 $54,480
2018 $1,916 $66,840 $12,360 $54,480
2017 $1,959 $69,900 $12,360 $57,540
2016 $1,925 $69,900 $12,360 $57,540
2015 $1,913 $69,900 $12,360 $57,540
2014 $1,859 $69,900 $12,360 $57,540
2013 $1,848 $69,900 $12,360 $57,540
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1590271

Maine Listings

APN: LEWI-000206-000000-000137