5 Collette St Waterville, ME 04901
Estimated payment $1,260/month
Highlights
- Country Club
- No HOA
- 2 Car Garage
- Wood Flooring
- Baseboard Heating
- Property is near a golf course
About This Home
Excellent Investment Opportunity - Two-Unit Property with Strong Potential
This two-unit property presents a fantastic opportunity for investors, contractors, or owner-occupants seeking a value-add project. Situated in a convenient Waterville neighborhood close to shopping, schools, and commuter routes, this property offers solid fundamentals and ample room for improvement. Each unit features a functional layout, providing flexibility for future rental income or multi-generational living. While the building requires repairs and updates, the property's neighborhood setting and structure make it well suited for renovation and long-term return on investment. Property Highlights: Two separate units with strong income potential Convenient neighborhood setting with easy access to amenities Off-street parking Flexible floor plans offering renovation and customization opportunities Priced to reflect needed improvements This is an ideal opportunity to build equity and create value through thoughtful upgrades. Property is being sold as-is. Price is firm.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,432
Year Built
- Built in 1947
Lot Details
- 6,098 Sq Ft Lot
Parking
- 2 Car Garage
- Driveway
- Off-Street Parking
Home Design
- Concrete Foundation
- Wood Frame Construction
- Shingle Roof
- Aluminum Siding
- Concrete Perimeter Foundation
Interior Spaces
- 1,904 Sq Ft Home
- Multi-Level Property
Flooring
- Wood
- Vinyl
Finished Basement
- Walk-Out Basement
- Interior Basement Entry
Location
- Property is near a golf course
- Suburban Location
- City Lot
Utilities
- No Cooling
- Baseboard Heating
- Natural Gas Not Available
- Electric Water Heater
Listing and Financial Details
- Tax Lot 22
- Assessor Parcel Number WAVL-000038-000000-000022
Community Details
Overview
- No Home Owners Association
- 2 Units
Recreation
- Country Club
Map
Home Values in the Area
Average Home Value in this Area
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 | $3,599 | $211,700 | $27,400 | $184,300 |
| 2024 | $3,432 | $171,600 | $21,100 | $150,500 |
| 2023 | $3,415 | $171,600 | $21,100 | $150,500 |
| 2022 | $2,303 | $89,100 | $14,400 | $74,700 |
| 2021 | $2,272 | $89,100 | $14,400 | $74,700 |
| 2020 | $2,979 | $89,100 | $14,400 | $74,700 |
| 2019 | $3,165 | $89,100 | $14,400 | $74,700 |
| 2018 | $2,252 | $89,100 | $14,400 | $74,700 |
| 2017 | $2,555 | $89,100 | $14,400 | $74,700 |
| 2016 | $2,031 | $89,100 | $14,400 | $74,700 |
| 2015 | $2,216 | $79,700 | $16,500 | $63,200 |
| 2014 | $2,184 | $79,700 | $16,500 | $63,200 |
| 2013 | $2,184 | $79,700 | $16,500 | $63,200 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/29/2025 10/29/25 | Price Changed | $185,000 | -7.5% | $97 / Sq Ft |
| 10/20/2025 10/20/25 | Price Changed | $200,000 | +33.3% | $105 / Sq Ft |
| 10/12/2025 10/12/25 | For Sale | $150,000 | -- | $79 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $112,000 | Purchase Money Mortgage |
Source: Maine Listings
MLS Number: 1640642
APN: WAVL-000038-000000-000022
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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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