NOT LISTED FOR SALE

42 King St Waterville, ME 04901

Estimated Value: $193,719 - $252,000

6 Beds
2 Baths
1,867 Sq Ft
$120/Sq Ft Est. Value

Sale Details

Date Sold: December 15, 2023

Last sale price $210,000 $112 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,426 / mo

2 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Cooling Available
  • New Englander Architecture
  • 2 Car Detached Garage
  • Property is near shops

About This Home

As of December 2023

A terrific opportunity here...Large 2 unit multi-family apartment building. Each unit has undergone renovation and offers three bedrooms and a full bath. Hardwood and laminate floors, French doors and washer and dryer hookups on both levels make these units both beautiful and functional. The first floor unit has newer heat pumps and electric baseboard heat and the upper unit has two newer Rennai units. A large detached garage in need of some repairs offer additional storage and along with a spacious back yard. Ideal for owner occupancy.

Last Agent to Sell the Property

Carole Wright

Better Homes & Gardens Real Estate/The Masiello Group Listed on: 11/04/2023

Better Homes & Gardens Real Estate/The Masiello Group

Last Buyer's Agent

Katie McAllister

McAllister Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,347

Year Built

  • Built in 1920

Lot Details

  • 14,375 Sq Ft Lot
  • Level Lot
  • Open Lot

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Duplex
  • New Englander Architecture
  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 1,867 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 2 Full Bathrooms
  • Shower Only

Unfinished Basement

  • Partial Basement
  • Brick Basement
  • Interior Basement Entry

Location

  • Property is near shops
  • City Lot

Utilities

  • Cooling Available
  • Heating System Uses Propane
  • Heat Pump System
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 72
  • Assessor Parcel Number WAVL-000039-000000-000072

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Additional Features

  • Community Storage Space
  • Gross Income $31,320

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,347

Year Built

Built in 1920

Lot Details

0.33 Acres

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.33
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: GPS Friendly, See Sign On Property.
  • Above Grade Finished Sq Ft: 1867.0
  • Architectural Style: Duplex, New Englander
  • Garage Yn: Yes
  • Building Stories: 2
  • Year Built: 1920
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 122.66
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.33
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1867.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Baseboard: Yes
  • Heat Fuel:Propane: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Amenities:Storage: Yes
  • Property Information:Garage Spaces: 2.0
  • Exterior:Vinyl Siding: Yes
  • Heat System:Heat Pump: Yes
  • Heat Fuel:Electric: Yes
  • Cooling:Heat Pump3: Yes
  • Water Heater:Electric2: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:Shower: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Roof:Metal: Yes
  • Floors:Laminate: Yes
  • Basement:Partial: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 31320.0
  • Exterior:Wood Siding: Yes
  • Style:Duplex: Yes
  • Property Information:Short Sale Continue to Show: No
  • Basement:BrickMortar: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Heat System:Direct Vent Heater: Yes
  • Style:New Englander: Yes
  • Building Info:_pound_ Floors3: 2
  • Advertising Remarks:Advertising Remarks: A terrific opportunity here...Large 2 unit multi-family apartment building. Each unit has undergone renovation and offers three bedrooms and a full bath. Hardwood and laminate floors, French doors and washer and dryer hookups on both levels make these units both beautiful and functional. The first floor unit has newer heat pumps and electric baseboard heat and the upper unit has two newer Rennai units. A large detached garage in need of some repairs offer additional storage and along with a spacious back yard. Ideal for owner occupancy.
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Brick/Mortar, Partial, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Fireplace: No
  • Flooring: Wood, Laminate
  • Interior Amenities: Shower, Storage
  • Stories: 2

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Intown, Near Shopping, Neighborhood
  • Waterfront: No
  • Construction Type: Wood Siding, Vinyl Siding, Wood Frame
  • Foundation Details: Stone, Brick/Mortar
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: 1 - 4 Spaces, Paved, Detached

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Heat Pump, Direct Vent Heater, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Waterville Public Schools

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 14374.8
  • Parcel #: WAVL-000039-000000-000072
  • Zoning: RC

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 31320.0

Tax Info

  • Tax Annual Amount: 1347.0
  • Tax Lot: 72
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2023
Closed on
Dec 15, 2023
Sold by
Burwell Jeffrey
Bought by
Cota Raymond J
Seller's Agent
Carole Wright
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Katie McAllister
McAllister Real Estate
List Price
$229,000
Sold Price
$210,000
Premium/Discount to List
-$19,000
-8.3%
Current Estimated Value
$223,430

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,430
Avg. Annual Appreciation
2.64%
Original Mortgage
$157,500
Outstanding Balance
$154,618
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$68,812

Purchase Details

Listed on
Nov 4, 2022
Closed on
Dec 30, 2022
Sold by
Maine Home Ownership Llc
Bought by
Evergreen Fund Llc
Seller's Agent
Anthony Poulin
Meservier & Associates
Buyer's Agent
Carole Wright
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$200,000
Sold Price
$195,000
Premium/Discount to List
-$5,000
-2.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.03%
Original Mortgage
$146,250
Interest Rate
6.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Nov 4, 2022
Closed on
Dec 29, 2022
Sold by
Evergreen Fund Llc
Bought by
Burwell Jeffrey
Seller's Agent
Anthony Poulin
Meservier & Associates
Buyer's Agent
Carole Wright
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$200,000
Sold Price
$195,000
Premium/Discount to List
-$5,000
-2.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,250
Interest Rate
6.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Nov 4, 2022
Closed on
Dec 21, 2022
Sold by
Waterville Sewerage Dist
Bought by
Evergreen Fund Llc
Seller's Agent
Anthony Poulin
Meservier & Associates
Buyer's Agent
Carole Wright
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$200,000
Sold Price
$195,000
Premium/Discount to List
-$5,000
-2.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,250
Interest Rate
6.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 17, 2015
Sold by
Waterville Town Of
Bought by
Maine Home Ownership Llc
Source: Public Records
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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
Cota Raymond J -- None Available
Evergreen Fund Llc -- None Available
Burwell Jeffrey $195,000 None Available
Evergreen Fund Llc -- None Available
Maine Home Ownership Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cota Raymond J $157,500
Previous Owner Evergreen Fund Llc $146,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/15/2023 12/15/23 Sold $210,000 -8.3% $112 / Sq Ft
11/06/2023 11/06/23 Pending -- -- --
11/04/2023 11/04/23 For Sale $229,000 +17.4% $123 / Sq Ft
12/30/2022 12/30/22 Sold $195,000 -2.5% $104 / Sq Ft View Prior Sale
11/10/2022 11/10/22 Pending -- -- --
11/04/2022 11/04/22 For Sale $200,000 -- $107 / Sq Ft
Source: Maine Listings

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 $3,004 $176,700 $11,200 $165,500
2024 $2,018 $100,900 $8,600 $92,300
2023 $2,008 $100,900 $8,600 $92,300
2022 $1,347 $52,100 $6,500 $45,600
2021 $1,329 $52,100 $6,500 $45,600
2020 $1,342 $52,100 $6,500 $45,600
2019 $1,342 $52,100 $6,500 $45,600
2018 $1,317 $52,100 $6,500 $45,600
2017 $1,215 $52,100 $6,500 $45,600
2016 $1,188 $52,100 $6,500 $45,600
2015 $1,668 $60,000 $7,500 $52,500
2014 $1,644 $60,000 $7,500 $52,500
2013 -- $60,000 $7,500 $52,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1576669

Maine Listings

APN: WAVL-000039-000000-000072

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