NOT LISTED FOR SALE

5 Spring St Hallowell, ME 04347

Estimated Value: $280,000 - $651,000

4 Beds
3 Baths
2,408 Sq Ft
$172/Sq Ft Est. Value

Last Sold October 11, 2019

Last sale price $151,000 $63 Per Sq Ft

Est. 155% increase in value since last sale

Current estimated payment $2,357/month

41 Days on Market

Highlights

  • The property is located in a historic district
  • Wood Flooring
  • Baseboard Heating
  • Colonial Architecture
  • No HOA
  • 3-minute walk to Vaughn Playground

About This Home

As of October 2019

LOCATION! This 3 unit investment opportunity is positioned perfectly on the hillside of Hallowell. Enjoy the walkability to restaurants and watering holes. Sit along the Kennebec River in Granite Park or exercise on the rail trail. All of these just footsteps from this building. The surrounding properties are well appointed with beautifully preserved architecture. Strong rental history, potential for Air BnB.

Last Agent to Sell the Property

Daniel Buckley

Keller Williams Realty Listed on: 07/19/2019

Keller Williams Realty

Last Buyer's Agent

Daniel Buckley

Keller Williams Realty Listed on: 07/19/2019

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,135

Year Built

  • Built in 1900

Lot Details

  • 8,712 Sq Ft Lot
  • Open Lot
  • Lot Has A Rolling Slope

Home Design

  • 2,408 Sq Ft Home
  • Colonial Architecture
  • Concrete Foundation
  • Block Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Clap Board Siding
  • Concrete Perimeter Foundation
  • Clapboard

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Doghouse Basement Entry
  • Interior Basement Entry
  • Dirt Floor

Parking

  • Common or Shared Parking
  • Gravel Driveway
  • Shared Driveway
  • Off-Street Parking

Location

  • The property is located in a historic district
  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Propane
  • Heating System Mounted To A Wall or Window
  • Baseboard Heating
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Tax Lot 29
  • Assessor Parcel Number HALL-000005-000000-000029

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,135

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 2408.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Property Information:Seasonal: Unknown
  • Property Information:Lot Size Acres -: 0.2
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2408.0
  • Property Information:Garage: No
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat Fuel:Propane: 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
  • Basement Entry:Interior: Yes
  • Heat Fuel:Electric: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Basement Entry:Doghouse: Yes
  • Property Information:Number of Units: 3
  • Exterior:Clapboard: Yes
  • Foundation Materials:Block3: Yes
  • Exterior:Wood Siding: Yes
  • Style:Colonial: Yes
  • Location:Historic District: Yes
  • Basement:Dirt Floor: Yes
  • Driveway:Gravel: Yes
  • Site:RollingSloping: Yes
  • Heat System:Direct Vent Heater: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Dirt Floor, Full, Doghouse, Interior Entry, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Open Lot, Rolling Slope, Sidewalks, Historic District, Intown, Near Town
  • Waterfront: No
  • Construction Type: Wood Siding, Clapboard, Wood Frame
  • Foundation Details: Block, Other, Concrete Perimeter
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gravel, Common, Off Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Heater, Baseboard
  • 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: 8712.0
  • Parcel #: HALL-000005-000000-000029
  • Zoning: Residential 1

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 2135.0
  • Tax Book Number: 10748
  • Tax Lot: 29
  • Tax Map Number: 005
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2019
Closed on
Oct 10, 2019
Sold by
Girouard Raymond K
Bought by
Sirois David P and Thompson-Sirois Tamara A
Seller's Agent
Daniel Buckley
Keller Williams Realty
Buyer's Agent
Daniel Buckley
Keller Williams Realty
List Price
$159,000
Sold Price
$151,000
Premium/Discount to List
-$8,000
-5.03%
Current Estimated Value
$385,323

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$234,323
Avg. Annual Appreciation
18.87%
Original Mortgage
$120,800
Outstanding Balance
$106,548
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$307,772

Purchase Details

Closed on
Jun 8, 2011
Sold by
Lachance Donald and Loachance Ruth
Bought by
Girouard Raymond K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,836
Interest Rate
4.81%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
Sirois David P -- --
Girouard Raymond K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sirois David P $120,800
Previous Owner Girouard Raymond K $130,888
Previous Owner Girouard Raymond $74,800
Previous Owner Girouard Raymond K $140,836
Previous Owner Bucknam Lachance R $42,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2019 10/11/19 Sold $151,000 -5.0% $63 / Sq Ft
08/30/2019 08/30/19 Pending -- -- --
07/19/2019 07/19/19 For Sale $159,000 -- $66 / 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 $2,967 $149,100 $57,200 $91,900
2023 $2,499 $108,400 $41,600 $66,800
2022 $2,406 $108,400 $41,600 $66,800
2021 $2,309 $108,400 $41,600 $66,800
2020 $2,331 $108,400 $41,600 $66,800
2019 $2,309 $108,400 $41,600 $66,800
2018 $2,135 $108,400 $41,600 $66,800
2017 $2,135 $108,400 $41,600 $66,800
2016 $2,049 $108,400 $41,600 $66,800
2015 $1,908 $108,400 $41,600 $66,800
2014 $1,908 $108,400 $41,600 $66,800
2013 $1,854 $108,400 $41,600 $66,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1425547

Maine Listings

APN: HALL-000005-000000-000029