$245,000
SOLD DEC 18, 2024

5 Preston St Waterville, ME 04901

-- Bed
2 Baths
1,800 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$136 Per Sq Ft

3% Above List Price

13 Days on Market

Highlights

  • Wood Flooring
  • Main Floor Bedroom
  • 2 Car Detached Garage
  • New Englander Architecture
  • No HOA
  • Porch

About This Home

As of December 2024

Welcome to 5 Preston St, a spacious 2 - Unit offering 2 bedroom apartments situated on a manageable 0.15 -acre lot in Waterville. This property is ideal for both investors and those looking to owner-occupy while generating rental income. Additional features include: A detached 2 car garage and a paved driveway providing additional off-street parking options. . With its prime location is a smart investment in Waterville's thriving real estate market. Don't miss out on this versatile and attractive property!

Last Agent to Sell the Property

Rachel Anderson

Coldwell Banker Plourde Real Estate

Coldwell Banker Plourde Real Estate

Last Buyer's Agent

Francois Rodrigue

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,146

Year Built

  • Built in 1955

Lot Details

  • 6,534 Sq Ft Lot
  • Landscaped
  • Level Lot

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

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

Interior Spaces

  • 1,800 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 2 Full Bathrooms

Unfinished Basement

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

Utilities

  • No Cooling
  • Zoned Heating
  • Radiator
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System

Additional Features

  • Porch
  • City Lot

Listing and Financial Details

  • Tax Lot 175
  • Assessor Parcel Number WAVL-000039-000000-000175

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $8,250
  • Gross Income $16,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,146

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.15
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Silver Street to Preston Street. Home on left after parking lot.
  • Above Grade Finished Sq Ft: 1800.0
  • Architectural Style: Multi-Level, New Englander
  • Garage Yn: Yes
  • Building Stories: 2
  • Year Built: 1955
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.15
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1800.0
  • Property Information:Garage: Yes
  • Site:Level: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Property Information:Garage Spaces: 2.0
  • Exterior:Vinyl Siding: Yes
  • Amenities:Laundry - Hookup: Yes
  • Vehicle Storage:Detached: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Property Information:Number of Units: 2
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 16200.0
  • Income Expenses Operating Expenses: 8250.0
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Parking:Paved3: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Heat System:Radiator: Yes
  • Style:New Englander: Yes
  • Building Info:_pound_ Floors3: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Full, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Flooring: Wood, Vinyl
  • Interior Amenities: 1st Floor Bedroom
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Sidewalks, Landscaped, Intown, Near Turnpike/Interstate, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: 1 - 4 Spaces, Paved, On Site, Detached

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiator, Multi-Zones, Hot Water, Baseboard
  • 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: 6534.0
  • Parcel #: WAVL-000039-000000-000175
  • Zoning: RB

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 16200.0
  • Annual Operating Expense: 8250.0

Tax Info

  • Tax Annual Amount: 3146.0
  • Tax Book Number: 10852
  • Tax Lot: 175
  • Tax Map Number: 39
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2024
Closed on
Dec 18, 2024
Sold by
Mathieu Jonathan P and Mathieu Sandra
Bought by
Banks James A
Seller's Agent
Rachel Anderson
Coldwell Banker Plourde Real Estate
Buyer's Agent
Francois Rodrigue
Keller Williams Realty
List Price
$237,500
Sold Price
$245,000
Premium/Discount to List
$7,500
3.16%
Total Days on Market
13
Views
8
Current Estimated Value
$245,044

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44
Avg. Annual Appreciation
-0.64%
Original Mortgage
$159,250
Outstanding Balance
$159,114
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$85,193

Purchase Details

Closed on
Oct 6, 2011
Sold by
Ingeborg B Cuddy Ret and Cuddy
Bought by
Mathieu Jonathan P and Mathieu Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
4.2%
Mortgage Type
Purchase Money Mortgage

Map

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Misc Company
Warranty Deed -- Misc Company
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $159,250 Purchase Money Mortgage
Closed $159,250 Purchase Money Mortgage
Previous Owner $75,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2024 12/18/24 Sold $245,000 +3.2% $136 / Sq Ft
10/31/2024 10/31/24 Pending -- -- --
10/18/2024 10/18/24 For Sale $237,500 -- $132 / 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
2024 $3,146 $157,300 $19,300 $138,000
2023 $3,130 $157,300 $19,300 $138,000
2022 $2,102 $81,300 $14,500 $66,800
2021 $2,073 $81,300 $14,500 $66,800
2020 $2,094 $81,300 $14,500 $66,800
2019 $2,094 $81,300 $14,500 $66,800
2018 $2,054 $81,300 $14,500 $66,800
2017 $1,897 $81,300 $14,500 $66,800
2016 $1,854 $81,300 $14,500 $66,800
2015 $2,121 $76,300 $16,700 $59,600
2014 $2,091 $76,300 $16,700 $59,600
2013 $2,091 $76,300 $16,700 $59,600
Source: Public Records

Source: Maine Listings

MLS Number: 1607204

Maine Listings

APN: WAVL-000039-000000-000175