NOT LISTED FOR SALE

51 Rochester St Westbrook, ME 04092

Estimated Value: $449,571 - $574,000

6 Beds
2 Baths
2,222 Sq Ft
$238/Sq Ft Est. Value

Last Sold September 29, 2021

Last sale price $420,000 $189 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $3,303/month

58 Days on Market

Highlights

  • Cape Cod Architecture
  • Property is near public transit
  • No HOA
  • Deck
  • Attic
  • 3-minute walk to Fraser Field

About This Home

As of September 2021

Beautiful 2 Unit in desirable Westbrook location. Both units are 3 bedroom 1 bath, and renovated in 2016. Long tern tenants with strong rental history all on a month to month lease, currant rents far below market value. Partially finished attic offers a great opportunity for expansion. Great opportunity for investors or owner occupants.

Last Agent to Sell the Property

Justin Paul

J T Leahy Real Estate Listed on: 08/07/2021

Last Buyer's Agent

Michael Hamilton

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,122

Year Built

  • Built in 1930

Lot Details

  • 9,148 Sq Ft Lot
  • Level Lot

Home Design

  • Cape Cod Architecture
  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Asphalt

Interior Spaces

  • 2,222 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring
  • Laundry on main level
  • Attic

Bedrooms and Bathrooms

  • 2 Full Bathrooms
  • Bathtub

Unfinished Basement

  • Walk-Out Basement
  • Brick Basement

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Deck
  • Patio
  • Shed
  • Porch

Location

  • Property is near public transit
  • Property is near shops
  • City Lot

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Not Available
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 158
  • Assessor Parcel Number WSBR-000034-000000-000158

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $1,500
  • Gross Income $12,050

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,122

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.21
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Main Street, Westbrook to Rochester Street
  • Above Grade Finished Sq Ft: 2222.0
  • Architectural Style: Cape
  • Garage Yn: No
  • Building Stories: 2
  • Year Built: 1930
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.21
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 2222.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Walkout Access: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Style:Cape: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Walk-Out: Yes
  • Water Heater:Electric2: Yes
  • Amenities:One-Floor Living: Yes
  • Basement:Unfinished: Yes
  • Amenities:Laundry - 2nd Floor: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Property Information:Number of Units: 2
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Building Info:_pound_ Stories2: 2
  • Income Expenses Gross Income: 12050.0
  • Income Expenses Operating Expenses: 1500.0
  • Exterior:Wood Siding: Yes
  • Amenities:Bathtub: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Amenities:Attic: Yes
  • Property Information:Short Sale Continue to Show: No
  • Basement:BrickMortar: Yes
  • Site:RollingSloping: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Transportation:Public Transport Access: Yes
  • Building Info:_pound_ Floors3: 2
  • Exterior:Asphalt: Yes
  • Other Structures:Shed: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Has Basement: Brick/Mortar, Walk-Out Access, Unfinished
  • Full Bathrooms: 2
  • Fireplace: No
  • Flooring: Laminate
  • Interior Amenities: Attic, Bathtub, One-Floor Living
  • Stories: 2

Exterior Features

  • Lot Features: Level, Rolling Slope, Sidewalks, Intown, Near Shopping, Near Turnpike/Interstate, Near Town, Neighborhood, Shopping Mall, Near Public Transit
  • Waterfront: No
  • Construction Type: Wood Siding, Asphalt, Wood Frame
  • Foundation Details: Stone, Brick/Mortar
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck, Patio, Porch
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved

Utilities

  • Laundry Features: Laundry - 1st Floor, Upper Level, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Forced Air, Baseboard
  • Heating Yn: Yes
  • Electric: Combination, 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: 9147.6
  • Parcel #: WSBR-000034-000000-000158
  • Zoning: RG1

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 12050.0
  • Annual Operating Expense: 1500.0

Tax Info

  • Tax Annual Amount: 4122.0
  • Tax Book Number: 32950
  • Tax Lot: 158
  • Tax Map Number: 34
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2021
Closed on
Sep 29, 2021
Sold by
Campbell Ryan
Bought by
Haji Abdulrahman
Seller's Agent
Justin Paul
J T Leahy Real Estate
Buyer's Agent
Michael Hamilton
Keller Williams Realty
List Price
$519,000
Sold Price
$420,000
Premium/Discount to List
-$99,000
-19.08%
Current Estimated Value
$539,991

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,991
Avg. Annual Appreciation
6.08%
Original Mortgage
$384,615
Outstanding Balance
$351,493
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$178,400

Purchase Details

Closed on
Mar 1, 2016
Sold by
Kimball Heather O
Bought by
Campbell Ryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,200
Interest Rate
3.92%
Mortgage Type
FHA

Purchase Details

Closed on
May 18, 2010
Sold by
Godin Steven F and Wells Fargo Bank Na
Bought by
Option One Mtg Loan T and Wells Fargo Bank Na
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
Haji Abdulrahman -- None Available
Campbell Ryan -- --
Option One Mtg Loan T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Haji Abdulrahman $384,615
Previous Owner Campbell Ryan $260,200
Previous Owner Option One Mtg Loan T $135,000
Previous Owner Godin Steven F $229,500
Previous Owner Godin Steven F $22,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2021 09/29/21 Sold $420,000 -19.1% $189 / Sq Ft
08/12/2021 08/12/21 Pending -- -- --
06/14/2021 06/14/21 For Sale $519,000 -- $234 / 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
2023 $4,605 $276,100 $83,900 $192,200
2022 $4,177 $230,800 $70,000 $160,800
2021 $4,115 $230,800 $70,000 $160,800
2020 $4,122 $230,800 $70,000 $160,800
2019 $4,122 $230,800 $70,000 $160,800
2018 $3,567 $183,700 $60,800 $122,900
2017 $3,468 $183,700 $60,800 $122,900
2016 $3,380 $183,700 $60,800 $122,900
2015 $3,299 $183,700 $60,800 $122,900
2014 $3,160 $183,700 $60,800 $122,900
2013 $3,160 $183,700 $60,800 $122,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1496110

Maine Listings

APN: WSBR-000034-000000-000158