NOT LISTED FOR SALE

417 Main St Lewiston, ME 04240

Estimated Value: $254,101

-- Bed
4 Baths
5,140 Sq Ft
$49/Sq Ft Est. Value

Last Sold May 18, 2022

Last sale price $199,000 $39 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $1,679/month

131 Days on Market

Highlights

  • No HOA
  • Carpet
  • Heating System Uses Natural Gas
  • Level Lot

About This Home

As of May 2022

INVESTMENT OPPORTUNITY- Located in a high visibility area and conveniently located across the street from Central Maine Medical Center. This building features a first floor commercial space and 3 residential units consisting of two 2-bedroom units and a 1 bedroom unit. Ample parking, vinyl siding, metal roof and natural gas.

Last Agent to Sell the Property

Jane Cyr

Better Homes & Gardens Real Estate/The Masiello Group Listed on: 03/08/2022

Better Homes & Gardens Real Estate/The Masiello Group

Co-Listed By

Evan Cyr

Better Homes & Gardens Real Estate/The Masiello Group

Last Buyer's Agent

Alexander Matthews

Landing Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,454

Year Built

  • Built in 1870

Lot Details

  • 0.27 Acre Lot
  • Level Lot
  • Open Lot

Home Design

  • 5,140 Sq Ft Home
  • Concrete Foundation
  • Block Foundation
  • Wood Frame Construction
  • Metal Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Flooring

  • Carpet
  • Laminate
  • Vinyl

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Additional Features

  • 4 Full Bathrooms
  • City Lot

Listing and Financial Details

  • Tax Lot 071
  • Assessor Parcel Number 417mainstreetlewiston04240

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $11,329
  • Gross Income $27,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,454

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.27
  • Road Surface Type: Paved
  • Co List Office Mls Id: 1066
  • Co List Office Phone: 207-782-8311
  • MLS Status: Closed
  • Directions: Across street from new Dunkin Donuts. See sign in window.
  • Above Grade Finished Sq Ft: 5140.0
  • Architectural Style: Other Style
  • Garage Yn: No
  • Year Built: 1870
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.27
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 5140.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Percent Basement Finished: Yes
  • Basement:Walkout Access: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Walk-Out: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Water Heater:Electric2: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Roof:Metal: Yes
  • Heat Fuel:Gas Natural: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 3
  • Income Expenses Gross Income: 27000.0
  • Income Expenses Operating Expenses: 11329.0
  • Parking:On Site2: Yes
  • Foundation Materials:Block3: Yes
  • Parking:Paved3: Yes
  • Property Information:Short Sale Continue to Show: No
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Heat System:Direct Vent Heater: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Walk-Out Access, Finished, Full
  • Full Bathrooms: 4
  • Flooring: Vinyl, Laminate, Carpet
  • Full Basement: Yes

Exterior Features

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

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Heater
  • 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: 11761.2
  • Parcel #: 417mainstreetlewiston04240
  • Zoning: CB

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 27000.0
  • Annual Operating Expense: 11329.0

Tax Info

  • Tax Annual Amount: 3454.0
  • Tax Book Number: 9901
  • Tax Lot: 071
  • Tax Map Number: 194
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2022
Closed on
May 18, 2022
Sold by
Gus & Ted Llc
Bought by
Jdr Holdings Llc
Seller's Agent
Jane Cyr
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Alexander Matthews
Landing Real Estate
List Price
$225,000
Sold Price
$199,000
Premium/Discount to List
-$26,000
-11.56%
Current Estimated Value
$254,101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,101
Avg. Annual Appreciation
6.62%
Original Mortgage
$159,200
Outstanding Balance
$151,889
Interest Rate
4.72%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$95,131

Purchase Details

Closed on
Aug 6, 2018
Sold by
Double Eagle Properties
Bought by
Gus & Ted Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 2005
Sold by
Hinds Nancy G
Bought by
Double Eagle Props Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Jdr Holdings Llc $199,000 None Available
Gus & Ted Llc -- --
Double Eagle Props Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jdr Holdings Llc $159,200
Previous Owner Gus & Ted Llc $127,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/18/2022 05/18/22 Sold $199,000 -11.6% $39 / Sq Ft
03/10/2022 03/10/22 Pending -- -- --
10/29/2021 10/29/21 For Sale $225,000 -- $44 / 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 $3,985 $125,440 $57,540 $67,900
2023 $3,763 $125,440 $57,540 $67,900
2022 $3,575 $125,440 $57,540 $67,900
2021 $3,545 $125,440 $57,540 $67,900
2020 $3,596 $125,440 $57,540 $67,900
2019 $3,626 $125,440 $57,540 $67,900
2018 $3,596 $125,440 $57,540 $67,900
2017 $3,515 $125,440 $57,540 $67,900
2016 $3,455 $125,440 $57,540 $67,900
2015 $3,433 $125,440 $57,540 $67,900
2014 $3,335 $125,440 $57,540 $67,900
2013 $3,317 $125,440 $57,540 $67,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1513481

Maine Listings

APN: LEWI-000194-000000-000071