NOT LISTED FOR SALE

54 Western Ave Waterville, ME 04901

Estimated Value: $162,000 - $178,000

5 Beds
3 Baths
2,440 Sq Ft
$70/Sq Ft Est. Value

Last Sold May 01, 2023

Last sale price $147,500 $60 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $1,218/month

119 Days on Market

Highlights

  • 160 Feet of Waterfront
  • New Englander Architecture
  • Porch
  • Wood Flooring
  • No HOA
  • Home fronts a stream

About This Home

As of May 2023

3 unit apartment building with frontage on Messalonskee Stream. Use as income property, or owner occupy one unit and use the rent from the other two to pay your expenses. Only minutes from Colby College and Thomas College, walking distance from Supermarket , pharmacies, and other shops. Seller is a Maine licensed Real Estate Agent.

Last Agent to Sell the Property

Brian York

Adams Realty Listed on: 10/26/2022

Co-Listed By

Cristina Evers

Adams Realty

Last Buyer's Agent

Renee Roy

Better Homes & Gardens Real Estate/The Masiello Group

Better Homes & Gardens Real Estate/The Masiello Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,205

Year Built

  • Built in 1910

Lot Details

  • 0.54 Acre Lot
  • Home fronts a stream
  • 160 Feet of Waterfront
  • Level Lot

Home Design

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

Interior Spaces

  • 3 Full Bathrooms
  • 2,440 Sq Ft Home
  • Water Views
  • Unfinished Basement
  • Exterior Basement Entry

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Parking

  • Common or Shared Parking
  • Gravel Driveway
  • Shared Driveway
  • On-Site Parking

Utilities

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

Additional Features

  • Porch
  • City Lot

Listing and Financial Details

  • Tax Lot 39
  • Assessor Parcel Number WAVL-000044-000000-000039

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $11,767
  • Gross Income $27,576

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,205

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.54
  • Road Surface Type: Paved
  • Water Body Name: Messalonskee Stream
  • Co List Office Mls Id: 1214
  • Co List Office Phone: 207-445-4323
  • MLS Status: Closed
  • Directions: Elm St. to Western Ave., house is on the left immediately after Boothby St. Property borders Messalonskee stream.
  • Above Grade Finished Sq Ft: 2440.0
  • Architectural Style: New Englander
  • Garage Yn: No
  • Year Built: 1910
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.54
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2440.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: Yes
  • Water Info:Water View2: Yes
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Common2: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Roof:Composition2: Yes
  • Property Information:Number of Units: 3
  • Income Expenses Gross Income: 27576.0
  • Income Expenses Operating Expenses: 11767.0
  • Parking:On Site2: Yes
  • Water Info:Waterfront Amount -: 160.0
  • Water Info:Water Frontage Owned -: 160.0
  • Driveway:Gravel: Yes
  • Water Heater:Tank: Yes
  • Exterior:Asbestos: Yes
  • Basement Entry:Exterior Only: Yes
  • Style:New Englander: Yes
  • Roof:Fiberglass: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Exterior Only, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl, Laminate, Carpet

Exterior Features

  • Lot Features: Level, Sidewalks, Intown, Near Shopping
  • Waterfront Features: Stream
  • Waterfront: Yes
  • Construction Type: Asbestos, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Porch
  • Roof: Composition, Fiberglass, Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Gravel, Common, On Site

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, 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: 23522.4
  • Parcel #: WAVL-000044-000000-000039
  • Zoning: RB

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 27576.0
  • Annual Operating Expense: 11767.0

Tax Info

  • Tax Annual Amount: 2205.0
  • Tax Book Number: 6833
  • Tax Lot: 39
  • Tax Map Number: 44
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2022
Closed on
May 1, 2023
Sold by
Sawtelle April A and Sawtelle Dana M
Bought by
Costello James and Costello Krista L
Seller's Agent
Brian York
Adams Realty
Buyer's Agent
Renee Roy
Better Homes & Gardens Real Estate/The Masiello Group
List Price
$159,900
Sold Price
$147,500
Premium/Discount to List
-$12,400
-7.75%
Total Days on Market
119
Views
13
Current Estimated Value
$171,253

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,753
Avg. Annual Appreciation
7.37%
Original Mortgage
$118,000
Outstanding Balance
$115,272
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$55,981
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
Costello James -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Costello James $118,000
Previous Owner Sawtelle April A $61,500
Previous Owner Sawtelle Dana M $21,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2023 05/01/23 Sold $147,500 -7.8% $60 / Sq Ft
10/26/2022 10/26/22 For Sale $159,900 -- $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 $3,078 $153,900 $33,100 $120,800
2023 $3,063 $153,900 $33,100 $120,800
2022 $2,205 $85,300 $18,800 $66,500
2021 $2,175 $85,300 $18,800 $66,500
2020 $2,197 $85,300 $18,800 $66,500
2019 $2,197 $85,300 $18,800 $66,500
2018 $2,156 $85,300 $18,800 $66,500
2017 $3,546 $85,300 $18,800 $66,500
2016 $1,945 $85,300 $18,800 $66,500
2015 $1,676 $60,300 $15,500 $44,800
2014 $1,652 $60,300 $15,500 $44,800
2013 $1,652 $60,300 $15,500 $44,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1546813

Maine Listings

APN: WAVL-000044-000000-000039