M
Seller's Agent in 2024
Meghan Glover
Down To Earth Real Estate
(484) 432-0067
3 in this area
41 Total Sales
50 Royal St Winthrop, ME 04364
Estimated Value: $242,000 - $359,000
4
Beds
4
Baths
2,655
Sq Ft
$104/Sq Ft
Est. Value
Highlights
- Public Beach
- Deck
- Main Floor Bedroom
- Winthrop Middle School Rated A-
- Wood Flooring
- No HOA
About This Home
As of June 2024Investment property located in-town Winthrop between Maranacook Lake and Cobbosseecontee Lake. Come live in one unit, while the other unit helps pay for your mortgage! Overall, the property needs repair. It has two occupiable units and one unit needing complete renovation. The first unit has 3 bedrooms. On the first floor you will find a large living room, an office space, a full bath, sunny dining area, and kitchen (that has a new dishwasher!). On the second floor there is a bedroom with a bathroom and two additional bedrooms. The second unit is one level with two bedrooms, living room, kitchen (that has a new dishwasher and fridge!), and full bathroom with a new laundry set. There is a back deck off of the bigger bedroom. Units 1 and 2 have heat pumps (AC!). The unfinished third unit is a studio located up a set of brand new stairs with a deck. The third unit needs to be completely finished - needs heat, drywall, flooring, updated plumbing, etc. The property features a large side yard that has potential to build another dwelling, buyers to do due diligence with the town. Plentiful space for onsite parking. The location of this property is close to all necessary amenities. 1 mile to shopping, .5 mile to Winthrop Town Beach, 1 mile to public schools. Great opportunity to build sweat equity, come check out this awesome investment property!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,237
Year Built
- Built in 1900
Lot Details
- 0.62 Acre Lot
- Public Beach
- Level Lot
- Open Lot
Home Design
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Wood Siding
- Vinyl Siding
Interior Spaces
- 2,655 Sq Ft Home
- Multi-Level Property
- Unfinished Basement
- Interior Basement Entry
- Laundry on main level
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- Main Floor Bedroom
- 4 Full Bathrooms
Parking
- Gravel Driveway
- On-Site Parking
Outdoor Features
- Deck
- Shed
- Porch
Location
- City Lot
Utilities
- Cooling Available
- Forced Air Heating System
- Heating System Uses Oil
- Heat Pump System
- Natural Gas Not Available
- Electric Water Heater
Listing and Financial Details
- Tax Lot 48
- Assessor Parcel Number WINP-000027-000000-000048
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- Operating Expense $250
- Gross Income $19,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 4, 2024
Closed on
Jun 28, 2024
Sold by
Close Carrie A and Hiltz Joshua B
Bought by
Abramski Michael
Seller's Agent
Meghan Glover
Down To Earth Real Estate
Buyer's Agent
Stacey Schuler-Cannon
EXP Realty
List Price
$275,000
Sold Price
$230,000
Premium/Discount to List
-$45,000
-16.36%
Views
66
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,928
Avg. Annual Appreciation
2.92%
Original Mortgage
$218,500
Outstanding Balance
$216,098
Interest Rate
7.02%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$21,705
Purchase Details
Listed on
Jan 20, 2022
Closed on
Jun 30, 2022
Sold by
Baker Kevin S and Baker Penney L
Bought by
Close Carrie A and Hiltz Joshua B
Seller's Agent
Merrie Hanson
Rizzo Mattson
Buyer's Agent
Merrie Hanson
Rizzo Mattson
List Price
$229,000
Sold Price
$205,400
Premium/Discount to List
-$23,600
-10.31%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.82%
Original Mortgage
$201,679
Interest Rate
5.25%
Mortgage Type
FHA
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Abramski Michael | $230,000 | None Available | |
| Abramski Michael | $230,000 | None Available | |
| Close Carrie A | $205,400 | None Available | |
| Close Carrie A | $205,400 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Abramski Michael | $218,500 | |
| Closed | Abramski Michael | $218,500 | |
| Previous Owner | Close Carrie A | $201,679 | |
| Previous Owner | Baker Kevin S | $180,000 | |
| Previous Owner | Baker Kevin | $18,000 | |
| Previous Owner | Baker Kevin S | $30,000 | |
| Previous Owner | Baker Penney L | $131,250 | |
| Previous Owner | Baker Kevin S | $185,000 | |
| Previous Owner | Baker Penney L | $10,000 | |
| Previous Owner | Baker Penney L | $40,200 | |
| Previous Owner | Baker Penney L | $124,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/28/2024 06/28/24 | Sold | $230,000 | -11.5% | $87 / Sq Ft |
| 04/10/2024 04/10/24 | Pending | -- | -- | -- |
| 03/25/2024 03/25/24 | Price Changed | $260,000 | -5.5% | $98 / Sq Ft |
| 03/04/2024 03/04/24 | Price Changed | $275,000 | 0.0% | $104 / Sq Ft |
| 03/04/2024 03/04/24 | For Sale | $275,000 | -8.0% | $104 / Sq Ft |
| 02/04/2024 02/04/24 | Pending | -- | -- | -- |
| 02/01/2024 02/01/24 | Price Changed | $299,000 | 0.0% | $113 / Sq Ft |
| 02/01/2024 02/01/24 | For Sale | $299,000 | +30.0% | $113 / Sq Ft |
| 10/01/2023 10/01/23 | Off Market | $230,000 | -- | -- |
| 09/06/2023 09/06/23 | For Sale | $299,000 | +45.6% | $113 / Sq Ft |
| 06/30/2022 06/30/22 | Sold | $205,400 | -10.3% | $77 / Sq Ft |
| 03/30/2022 03/30/22 | Pending | -- | -- | -- |
| 11/12/2021 11/12/21 | For Sale | $229,000 | -- | $86 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
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 | $3,435 | $148,700 | $29,400 | $119,300 |
| 2022 | $3,237 | $148,700 | $29,400 | $119,300 |
| 2021 | $3,056 | $148,700 | $29,400 | $119,300 |
| 2020 | $3,071 | $148,700 | $29,400 | $119,300 |
| 2019 | $3,011 | $148,700 | $29,400 | $119,300 |
| 2018 | $2,723 | $148,700 | $29,400 | $119,300 |
| 2017 | $2,547 | $148,700 | $29,400 | $119,300 |
| 2016 | $2,355 | $148,700 | $29,400 | $119,300 |
| 2015 | $2,272 | $148,700 | $29,400 | $119,300 |
| 2014 | $2,272 | $148,700 | $29,400 | $119,300 |
Source: Public Records
Agents Affiliated with this Home
-
Meghan Glover
-
Stacey Schuler-Cannon
Buyer's Agent in 2024
Stacey Schuler-Cannon
EXP Realty
(207) 358-0750
1 in this area
107 Total Sales
-
Merrie Hanson
Seller's Agent in 2022
Merrie Hanson
Rizzo Mattson
(207) 458-4464
7 in this area
104 Total Sales
Map
Source: Maine Listings
MLS Number: 1571136
APN: WINP-000027-000000-000048
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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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