P
Seller's Agent in 2023
Patricia Gallant
Coldwell Banker Realty
44 Madison St Westbrook, ME 04092
Estimated Value: $594,632 - $622,000
4
Beds
2
Baths
2,280
Sq Ft
$267/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 Listed By
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%
Total Days on Market
15
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
$58,408
Avg. Annual Appreciation
8.06%
Original Mortgage
$540,038
Outstanding Balance
$528,664
Interest Rate
6.5%
Mortgage Type
FHA
Estimated Equity
$118,126
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 | Dunn Dianne M | $206,222 | |
| Previous Owner | Dunn Dianne M | $66,011 | |
| Previous Owner | Dunn Dianne M | $73,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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
6 in this area
120 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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