NOT LISTED FOR SALE

5 Lincoln St Westbrook, ME 04092

Estimated Value: $403,268 - $447,000

4 Beds
6 Baths
4,440 Sq Ft
$97/Sq Ft Est. Value

Last Sold July 07, 2020

Last sale price $419,000 $94 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,685/month

76 Days on Market

Highlights

  • Deck
  • New Englander Architecture
  • No HOA
  • Wood Flooring
  • Main Floor Bedroom
  • 3 Car Detached Garage

About This Home

As of July 2020

6 unit investment property comprised of two separate buildings on large lot with ample parking located near the revitalized Dana Warp Mill and beautiful river walkway. Solid rental history.

Last Agent to Sell the Property

Shawn Gagne

Terra Nova Realty Listed on: 03/12/2020

Last Buyer's Agent

Jeffrey Davis

Town & Shore Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,665

Year Built

  • Built in 1915

Lot Details

  • 0.48 Acre Lot
  • Open Lot

Parking

  • 3 Car Detached Garage
  • Driveway
  • Off-Street Parking

Home Design

  • New Englander Architecture
  • Concrete Foundation
  • Block Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Asbestos Siding
  • Asbestos
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,440 Sq Ft Home
  • Multi-Level Property

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 6 Full Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater
  • Water Heater Leased

Additional Features

  • Deck
  • City Lot

Community Details

  • No Home Owners Association
  • 6 Units

Listing and Financial Details

  • Tax Lot 155 and 156
  • Assessor Parcel Number 5and7lincolnstreetwestbrook04092

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,665

Year Built

Built in 1915

Lot Details

0.48 Acres

Parking

3

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.48
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From Main Street take Bridge St to right on Lincoln St.
  • Above Grade Finished Sq Ft: 4440.0
  • Architectural Style: Multi-Level, New Englander
  • Garage Yn: Yes
  • Year Built: 1915
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 125.0
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.48
  • Property Information:Total Baths: 6.0
  • Property Information:SqFt Finished Above Grade: 4440.0
  • Property Information:Garage: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: 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
  • Water Heater:Gas: Yes
  • Property Information:Garage Spaces: 3.0
  • Heat Fuel:Electric: Yes
  • Gas:Natural - On Site: Yes
  • Water Heater:Electric2: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Heat Fuel:Gas Natural: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 6
  • Style:Multi-Level: Yes
  • Foundation Materials:Block3: Yes
  • Heat System:Direct Vent Heater: Yes
  • Water Heater:Tank: Yes
  • Exterior:Asbestos: Yes
  • Style:New Englander: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Interior Entry, Walk-Out Access, Unfinished
  • Full Bathrooms: 6
  • Flooring: Wood, Vinyl, Laminate, Carpet
  • Interior Amenities: 1st Floor Bedroom
  • Full Basement: Yes
  • Appliances:Water Heater Rented: Yes

Exterior Features

  • Lot Features: Open Lot, Intown, Near Shopping, Neighborhood
  • Waterfront: No
  • Construction Type: Asbestos, Wood Frame
  • Foundation Details: Block, Concrete Perimeter
  • Patio And Porch Features: Deck
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features: 5 - 10 Spaces, Paved, Detached, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Direct Vent Heater, Hot Air
  • 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: 20908.8
  • Parcel #: 5and7lincolnstreetwestbrook04092
  • Zoning: RES

Multi Family

  • Number Of Units Total: 6

Tax Info

  • Tax Annual Amount: 6665.0
  • Tax Lot: 155 and 156
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2020
Closed on
Jul 7, 2020
Sold by
Cutter Warren R
Bought by
Sm & A Properties Llc
Seller's Agent
Shawn Gagne
Terra Nova Realty
Buyer's Agent
Jeffrey Davis
Town & Shore Real Estate
List Price
$555,000
Sold Price
$419,000
Premium/Discount to List
-$136,000
-24.5%
Current Estimated Value
$432,817

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,817
Avg. Annual Appreciation
0.57%
Original Mortgage
$330,000
Outstanding Balance
$293,165
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$139,652

Purchase Details

Listed on
Mar 12, 2020
Closed on
Jul 1, 2020
Sold by
Piela Kristen and Cutter Mark
Bought by
Cutter Warren R
Seller's Agent
Shawn Gagne
Terra Nova Realty
Buyer's Agent
Jeffrey Davis
Town & Shore Real Estate
List Price
$555,000
Sold Price
$419,000
Premium/Discount to List
-$136,000
-24.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Outstanding Balance
$293,165
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$139,652
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Sm & A Properties Llc -- None Available
Cutter Warren R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sm & A Properties Llc $330,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/07/2020 07/07/20 Sold $419,000 -24.5% $94 / Sq Ft
05/28/2020 05/28/20 Pending -- -- --
03/12/2020 03/12/20 For Sale $555,000 -- $125 / Sq Ft
Source: Maine Listings

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 $3,448 $206,700 $71,500 $135,200
2022 $3,119 $172,300 $59,600 $112,700
2021 $3,072 $172,300 $59,600 $112,700
2020 $3,077 $172,300 $59,600 $112,700
2019 $3,077 $172,300 $59,600 $112,700
2018 $2,677 $157,900 $51,800 $106,100
2017 $2,981 $157,900 $51,800 $106,100
2016 $2,905 $157,900 $51,800 $106,100
2015 $2,836 $157,900 $51,800 $106,100
2014 $2,716 $157,900 $51,800 $106,100
2013 $2,716 $157,900 $51,800 $106,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1446996

Maine Listings

APN: WSBR-000032-000000-000155

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