P
Seller's Agent in 2023
Patricia Gallant
Coldwell Banker Realty
44 Madison St Westbrook, ME 04092
Estimated Value: $581,000 - $676,000
4
Beds
2
Baths
2,280
Sq Ft
$271/Sq Ft
Est. Value
Highlights
- Deck
- Wood Flooring
- No HOA
- Property is near public transit
- Main Floor Bedroom
- Bathtub
About This Home
As of April 2023The opportunities for this duplex are endless! The most obvious use would be as an income property to a wise investor, or as a first home with your tenant paying most of your mortgage. It could also be a wonderful multi generational home with a one-bedroom, single story ranch style unit and a large three-bedroom two story unit. Each unit has its own off street parking, washer/dryer hookups, separate FHW heating and separate electric meters. This property is in fantastic condition and nestled within a quiet, residential neighborhood but just minutes from Westbrook's beautiful, reinvigored downtown area with wonderful restaurants and shops.
Last Agent to Sell the Property
Patricia Gallant
Coldwell Banker Realty Brokerage Phone: 207-773-1990 Listed on: 12/16/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,550
Year Built
- Built in 1992
Lot Details
- 0.35 Acre Lot
- Landscaped
- Level Lot
Home Design
- Duplex
- Concrete Foundation
- Slab Foundation
- Wood Frame Construction
- Shingle Roof
- Clap Board Siding
- Concrete Perimeter Foundation
- Clapboard
Interior Spaces
- 2,280 Sq Ft Home
- 2-Story Property
- Washer and Dryer Hookup
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- Main Floor Bedroom
- 2 Full Bathrooms
- Bathtub
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- Driveway
- Paved Parking
- Off-Street Parking
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Oil
- Hot Water Heating System
- Natural Gas Not Available
- Internet Available
Additional Features
- Deck
- Property is near public transit
Listing and Financial Details
- Tax Lot 3D
- Assessor Parcel Number WSBR-000007-000000-000003D
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Operating Expense $6,993
- Gross Income $13,500
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 16, 2022
Closed on
Apr 6, 2023
Sold by
Smart Christopher C
Bought by
Nikuze Jean B and Niyonkuru Fabiola
Seller's Agent
Patricia Gallant
Coldwell Banker Realty
Buyer's Agent
Fred Andrews
Spectrum Real Estate
List Price
$465,000
Sold Price
$550,000
Premium/Discount to List
$85,000
18.28%
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
$67,917
Avg. Annual Appreciation
4.71%
Original Mortgage
$540,038
Outstanding Balance
$524,752
Interest Rate
6.5%
Mortgage Type
FHA
Estimated Equity
$93,165
Purchase Details
Closed on
Dec 6, 2021
Sold by
Smart Matthew W
Bought by
Smart Christopher C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
3.14%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 19, 2010
Sold by
Dunn Dianne M
Bought by
Smart Christopher C and Smart Matthew W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,222
Interest Rate
4.25%
Mortgage Type
FHA
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 |
|---|---|---|---|
| Nikuze Jean B | $550,000 | None Available | |
| Smart Christopher C | -- | None Available | |
| Smart Christopher C | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Nikuze Jean B | $540,038 | |
| Previous Owner | Smart Christopher C | $280,000 | |
| Previous Owner | Smart Christopher C | $206,222 | |
| Previous Owner | Smart Christopher C | $66,011 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/06/2023 04/06/23 | Sold | $550,000 | +18.3% | $241 / Sq Ft |
| 12/31/2022 12/31/22 | Pending | -- | -- | -- |
| 12/16/2022 12/16/22 | For Sale | $465,000 | -- | $204 / 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 |
|---|---|---|---|---|
| 2023 | $6,202 | $371,800 | $94,300 | $277,500 |
| 2022 | $5,635 | $311,300 | $78,500 | $232,800 |
| 2021 | $5,550 | $311,300 | $78,500 | $232,800 |
| 2020 | $5,560 | $311,300 | $78,500 | $232,800 |
| 2019 | $5,560 | $311,300 | $78,500 | $232,800 |
| 2018 | $4,754 | $238,300 | $68,300 | $170,000 |
| 2017 | $4,486 | $237,600 | $68,300 | $169,300 |
| 2016 | $4,372 | $237,600 | $68,300 | $169,300 |
| 2015 | $4,267 | $237,600 | $68,300 | $169,300 |
| 2014 | $4,087 | $237,600 | $68,300 | $169,300 |
| 2013 | $4,087 | $237,600 | $68,300 | $169,300 |
Source: Public Records
Agents Affiliated with this Home
-
-
Fred Andrews
Buyer's Agent in 2023
Fred Andrews
Spectrum Real Estate
(207) 233-6699
8 in this area
121 Total Sales
Map
Source: Maine Listings
MLS Number: 1549620
APN: WSBR-000007-000000-000003D
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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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