NOT LISTED FOR SALE

44 Madison St Westbrook, ME 04092

Westbrook Area

Estimated Value: $588,000 - $639,000

4 Beds
2 Baths
2,280 Sq Ft
$269/Sq Ft Est. Value

Sale Details

Date Sold: April 6, 2023

Last sale price $550,000 $241 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,987 / mo

15 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • No HOA
  • Property is near public transit and shops
  • Main Floor Bedroom
  • Bathtub

About This Home

As of April 2023

The 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

Last Buyer's Agent

Fred Andrews

Spectrum Real Estate

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,550

Year Built

  • Built in 1992

Lot Details

  • 15,246 Sq Ft Lot
  • Property fronts a freeway
  • 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 and shops

Listing and Financial Details

  • Tax Lot 3D
  • Assessor Parcel Number WSBR-000007-000000-000003D

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $6,993
  • Gross Income $13,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,550

Year Built

Built in 1992

Lot Details

0.35 Acres

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.35
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 2280.0
  • Architectural Style: Duplex, Multi-Level, Ranch
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1992
  • Attribution Contact: 207-773-1990
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 203.95
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.35
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2280.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:One-Floor Living: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Gas:No Gas: Yes
  • Style:Ranch: Yes
  • Property Information:Number of Units: 2
  • Exterior:Clapboard: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 13500.0
  • Income Expenses Operating Expenses: 6993.0
  • Style:Multi-Level: Yes
  • Amenities:Bathtub: Yes
  • Parking:Paved3: Yes
  • Style:Duplex: Yes
  • Property Information:Short Sale Continue to Show: No
  • Basement:Slab2: Yes
  • Equipment:Internet Access Available: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Transportation:Public Transport Access: Yes
  • Advertising Remarks:Advertising Remarks: The 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.
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Walk-Out Access, Full, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Flooring: Wood, Vinyl, Carpet
  • Interior Amenities: 1st Floor Bedroom, Bathtub, One-Floor Living
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Landscaped, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Near Public Transit
  • Waterfront: No
  • Construction Type: Clapboard, Wood Frame
  • Foundation Details: Concrete Perimeter, Slab
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Forced Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 15246.0
  • Parcel #: WSBR-000007-000000-000003D
  • Zoning: RGA2

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 13500.0
  • Annual Operating Expense: 6993.0

Tax Info

  • Tax Annual Amount: 5550.0
  • Tax Lot: 3D
  • Tax Year: 2021

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
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
$614,253

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,253
Avg. Annual Appreciation
3.31%
Original Mortgage
$540,038
Outstanding Balance
$518,901
Interest Rate
6.5%
Mortgage Type
FHA
Estimated Equity
$95,352

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
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Westbrook, ME

  • Marc Cardullo Real Estate Agent - Freedom Realty

    Marc Cardullo

    Freedom Realty

    (207) 204-9994

    37 Total Sales

    1 in Westbrook

    $270,000 Price

    Marc Cardullo
     Section Image
  • Tim Dunham Real Estate Agent - Tim Dunham Realty

    Tim Dunham

    Responds Quickly

    Tim Dunham Realty

    (207) 417-4408

    378 Total Sales

    3 in Westbrook

    $300K - $494K Price Range

    Tim Dunham
     Section Image
  • Brenda Maggy Real Estate Agent - Beach Homes Realty

    Brenda Maggy

    Beach Homes Realty

    (207) 337-9917

    126 Total Sales

    1 in Westbrook

    $520,900 Price

    Brenda Maggy
     Section Image
  • Katie McAllister Real Estate Agent - McAllister Real Estate

    Katie McAllister

    McAllister Real Estate

    (207) 495-7926

    112 Total Sales

    1 in Westbrook

    $390,000 Price

    Katie McAllister
     Section Image
  • Davian Akers Real Estate Agent - Keller Williams Realty

    Davian Akers

    Keller Williams Realty

    (207) 544-4158

    126 Total Sales

    2 in Westbrook

    $200K - $568K Price Range

    Davian Akers
     Section Image
  • Elias Leland Real Estate Agent - Coldwell Banker Realty

    Elias Leland

    Coldwell Banker Realty

    (207) 544-4351

    115 Total Sales

    1 in Westbrook

    $365,000 Price

    Elias Leland
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$550,000 None Available
Smart Christopher C -- None Available
Smart Christopher C -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $540,038
Previous Owner Smart Christopher C $280,000
Previous Owner Smart Christopher C $206,222
Closed Dunn Dianne M $66,011
Closed Dunn Dianne M $73,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

  • PG

    Seller's Agent in 2023

    Patricia Gallant

    Coldwell Banker Realty

  • Fred Andrews Real Estate Agent - Spectrum Real Estate

    Buyer's Agent in 2023

    Fred Andrews

    Spectrum Real Estate

    (207) 233-6699

    101 Total Sales

    Fred Andrews
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Map

Source: Maine Listings

MLS Number: 1549620

Maine Listings

APN: WSBR-000007-000000-000003D

Maine Cumberland County Westbrook 04092

44 Madison St, Westbrook, ME

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