NOT LISTED FOR SALE

474 Main St Lewiston, ME 04240

Estimated Value: $332,174 - $403,000

6 Beds
3 Baths
2,640 Sq Ft
$135/Sq Ft Est. Value

Last Sold April 12, 2023

Last sale price $285,000 $108 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $2,289/month

8 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Level Lot
  • New Englander Architecture
  • Porch
  • Radiator

About This Home

As of April 2023

Income producing 3 unit. Great New England look and fully occupied. Below market rent with good rental history and managed by property management company. Each unit has 2 bedrooms, 1 bath, living, and kitchen areas. Lovely front porch for tenants to relax on and enjoy the day. Located in neighborhood near Sunnyside Park with the Androscoggin Riverside Trail, Bates College and all shopping and amenities.

Last Agent to Sell the Property

Glenn Garry

Meservier & Associates Listed on: 03/02/2023

Last Buyer's Agent

Kelly Sahabo

EXP Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,921

Year Built

  • Built in 1917

Lot Details

  • 3,485 Sq Ft Lot
  • Level Lot

Home Design

  • New Englander Architecture
  • Brick Foundation
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Aluminum Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3 Full Bathrooms
  • 2,640 Sq Ft Home
  • Multi-Level Property

Flooring

  • Wood
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Parking

  • Driveway
  • Paved Parking

Utilities

  • No Cooling
  • Radiator
  • Heating System Uses Natural Gas

Additional Features

  • Porch
  • City Lot

Listing and Financial Details

  • Tax Lot 190
  • Assessor Parcel Number LEWI-000193-000000-000190

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $17,055
  • Gross Income $33,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,921

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.08
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Main Street, from Vets Bridge house in between Riverside Street and Wakefield Street.
  • Above Grade Finished Sq Ft: 2640.0
  • Architectural Style: Multi-Level, New Englander
  • Garage Yn: No
  • Year Built: 1917
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.08
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2640.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Gas:Natural - On Site: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:BrickMortar2: Yes
  • Income Expenses Gross Income: 33300.0
  • Income Expenses Operating Expenses: 17055.0
  • Style:Multi-Level: Yes
  • Heat System:Radiator: Yes
  • Exterior:Aluminum Siding: Yes
  • Style:New Englander: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Exterior Entry, Bulkhead, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Intown, Near Shopping
  • Waterfront: No
  • Construction Type: Aluminum Siding, Wood Frame
  • Foundation Details: Concrete Perimeter, Brick/Mortar
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiator
  • 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: 3484.8
  • Parcel #: LEWI-000193-000000-000190
  • Zoning: OR

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 33300.0
  • Annual Operating Expense: 17055.0

Tax Info

  • Tax Annual Amount: 2921.0
  • Tax Book Number: 9564
  • Tax Lot: 190
  • Tax Map Number: 193
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2023
Closed on
Apr 12, 2023
Sold by
Summit Properties Llc
Bought by
Mbenga Dieumerci M and Mbiyavanga Stephanie L
Seller's Agent
Glenn Garry
Meservier & Associates
Buyer's Agent
Kelly Sahabo
EXP Realty
List Price
$285,000
Sold Price
$285,000
Current Estimated Value
$355,294

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,294
Avg. Annual Appreciation
8.86%
Original Mortgage
$250,000
Outstanding Balance
$244,382
Interest Rate
6.65%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$98,815

Purchase Details

Listed on
May 25, 2016
Closed on
Nov 1, 2016
Sold by
Dunn Ian C
Bought by
Brigham David A and Brigham Connie M
Seller's Agent
Pat Long-Cressey
Fontaine Family-The Real Estate Leader
Buyer's Agent
Glenn Garry
Bean Group
List Price
$125,000
Sold Price
$105,000
Premium/Discount to List
-$20,000
-16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.72%

Purchase Details

Closed on
Jul 1, 2005
Sold by
Martin Linda L and Martin Linda
Bought by
Dunn Ian C and Dunn Michelle L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,800
Interest Rate
5.73%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mbenga Dieumerci M $285,000 None Available
Brigham David A -- --
Dunn Ian C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mbenga Dieumerci M $250,000
Previous Owner Dunn Ian C $120,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2023 04/12/23 Sold $285,000 0.0% $108 / Sq Ft
03/10/2023 03/10/23 Pending -- -- --
03/02/2023 03/02/23 For Sale $285,000 +171.4% $108 / Sq Ft
10/28/2016 10/28/16 Sold $105,000 -16.0% $40 / Sq Ft
09/29/2016 09/29/16 Pending -- -- --
05/25/2016 05/25/16 For Sale $125,000 -- $47 / 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 $3,723 $117,200 $14,640 $102,560
2023 $3,516 $117,200 $14,640 $102,560
2022 $2,921 $102,480 $14,640 $87,840
2021 $2,896 $102,480 $14,640 $87,840
2020 $2,938 $102,480 $14,640 $87,840
2019 $2,963 $102,480 $14,640 $87,840
2018 $2,938 $102,480 $14,640 $87,840
2017 $2,871 $102,480 $14,640 $87,840
2016 $2,822 $102,480 $14,640 $87,840
2015 $2,805 $102,480 $14,640 $87,840
2014 $2,725 $102,480 $14,640 $87,840
2013 $2,710 $102,480 $14,640 $87,840
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Maine Listings

MLS Number: 1553222

Maine Listings

APN: LEWI-000193-000000-000190