NOT LISTED FOR SALE

55 Brown St Westbrook, ME 04092

Estimated Value: $318,000 - $500,558

4 Beds
2 Baths
1,780 Sq Ft
$238/Sq Ft Est. Value

Last Sold October 13, 2020

Last sale price $215,000 $121 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $2,883/month

190 Days on Market

Highlights

  • Water Views
  • No HOA
  • Forced Air Heating System

About This Home

As of October 2020

This two unit, with a large backyard, parking and a view of the river has been owned by the same family for almost 75 years. Ideal location, on bus line and close to down town. Westbrook River Walk is just outside your door, bike along the river's edge or walk to the park. It needs work and is priced to reflect that. It is a good time to invest in Westbrook. The potential and opportunities are endless!

Last Agent to Sell the Property

Jennifer Dorsey

Pine Tree Realty of Maine Listed on: 08/20/2020

Last Buyer's Agent

Shea McGonigal

Beacon Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,088

Year Built

  • Built in 1900

Lot Details

  • 0.29 Acre Lot

Home Design

  • Shingle Roof

Interior Spaces

  • 2 Full Bathrooms
  • 1,780 Sq Ft Home
  • 3-Story Property
  • Laminate Flooring
  • Water Views
  • Interior Basement Entry

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tax Lot 217
  • Assessor Parcel Number 55BrownWestbrook04092

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,088

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.29
  • Water Body Name: Presumpscot
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1780.0
  • Architectural Style: Other
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1900
  • Contract Information:List PriceSqFt: 117.42
  • Property Information:Seasonal: No
  • Water Info:Water View2: Yes
  • Property Information:Short Sale Continue to Show: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Interior Entry
  • Full Bathrooms: 2
  • Flooring: Laminate, Other
  • Stories: 3

Exterior Features

  • Waterfront: No
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Direct Vent Heater, Forced Air, Hot Air
  • 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: 12632.4
  • Parcel #: 55BrownWestbrook04092
  • Zoning: Residential Growth

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3087.99
  • Tax Lot: 217

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2020
Closed on
Oct 13, 2020
Sold by
Pease-Jacques Laurie
Bought by
Siekman-Graves Elizabeth
Seller's Agent
Jennifer Dorsey
Pine Tree Realty of Maine
Buyer's Agent
Shea McGonigal
Beacon Realty
List Price
$229,000
Sold Price
$215,000
Premium/Discount to List
-$14,000
-6.11%
Current Estimated Value
$465,123

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$250,123
Avg. Annual Appreciation
13.65%
Original Mortgage
$161,250
Outstanding Balance
$143,423
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$279,717
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Siekman-Graves Elizabeth -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Siekman-Graves Elizabeth $161,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/13/2020 10/13/20 Sold $215,000 -6.1% $121 / Sq Ft
09/04/2020 09/04/20 Pending -- -- --
02/26/2020 02/26/20 For Sale $229,000 -- $129 / 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
2023 $4,976 $298,300 $85,100 $213,200
2022 $3,423 $189,100 $70,900 $118,200
2021 $3,083 $172,900 $70,900 $102,000
2020 $3,088 $172,900 $70,900 $102,000
2019 $3,088 $172,900 $70,900 $102,000
2018 $2,244 $141,600 $61,600 $80,000
2017 $2,673 $141,600 $61,600 $80,000
2016 $2,605 $141,600 $61,600 $80,000
2015 $2,543 $141,600 $61,600 $80,000
2014 $2,436 $141,600 $61,600 $80,000
2013 $2,436 $141,600 $61,600 $80,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Jennifer Dorsey

    Pine Tree Realty of Maine

    (207) 310-1870

    8 Total Sales

    Jennifer Dorsey
    Section Image

  • S

    Buyer's Agent in 2020

    Shea McGonigal

    Beacon Realty

    (207) 749-7387

    36 Total Sales

    Shea McGonigal
    Section Image
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Map

Source: Maine Listings

MLS Number: 1445403

Maine Listings

APN: WSBR-000039-000000-000217

Maine Cumberland County Westbrook 04092

55 Brown St, Westbrook, ME

Not Listed for Sale

MultiFamily

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