NOT LISTED FOR SALE

Estimated Value: $415,000 - $500,000

5 Beds
4 Baths
5,210 Sq Ft
$87/Sq Ft Est. Value

Last Sold December 20, 2018

Last sale price $275,000 $53 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $2,877/month

98 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • Baseboard Heating
  • Wood Flooring
  • Landscaped
  • Level Lot

About This Home

As of December 2018

Great investment opportunity in a prime location. 0.51 acres located directly on the heavily traveled Route 196. Well maintained property with endless opportunities. Large 4 unit, 4400 square feet host' 1 three bedroom apartment 2 Two bedroom apartments 1 one bedroom apartment. Tenants pay heat and utilities, Newer roof and boilers, vinyl siding, easy to rent or perfect for owner occupy and rent. Walking distance to business district, schools and the Androscoggin River walking trails. Great visibility with a traffic count of 20,000 daily and plenty of parking (12 vehicles or more) would make this a perfect location for a business on the first floor. Nice yard and historical significance makes this property a special Real Estate location.

Last Agent to Sell the Property

Sally Christner

Fontaine Family-The Real Estate Leader Listed on: 07/12/2018

Last Buyer's Agent

Michael Hamilton

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,626

Year Built

  • Built in 1920

Lot Details

  • 0.51 Acre Lot
  • Landscaped
  • Level Lot
  • Open Lot

Home Design

  • Colonial Architecture
  • Farmhouse Style Home
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 4 Full Bathrooms
  • 3-Story Property

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • Common or Shared Parking
  • Gravel Driveway
  • Shared Driveway

Location

  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Tax Lot 032
  • Assessor Parcel Number LISN-000006U-000000-000032

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Gross Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,626

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.51
  • MLS Status: Closed
  • Directions: Take Rt 196 out of Lewiston and into Lisbon. The property is on the main highway.
  • Above Grade Finished Sq Ft: 4400.0
  • Architectural Style: Colonial, Farmhouse
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1920
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.51
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 4400.0
  • Property Information:SqFt Finished Below Grade: 810.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • 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:Tile2: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Property Information:Number of Units: 4
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 36000.0
  • Style:Colonial: Yes
  • Gas:Natural - At Street: Yes
  • Driveway:Gravel: Yes
  • Property Information:Bank Owned REO: No
  • Building Info:_pound_ Floors3: 3
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Full, Interior Entry
  • Full Bathrooms: 4
  • Below Grade Sq Ft: 810.0
  • Fireplace: No
  • Flooring: Wood, Vinyl, Tile, Carpet
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Landscaped, Intown, Near Shopping, Near Turnpike/Interstate, Near Town
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: 5 - 10 Spaces, Gravel, Common

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: 22215.6
  • Parcel #: LISN-000006U-000000-000032
  • Zoning: Gen Res

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 36000.0

Tax Info

  • Tax Annual Amount: 3626.0
  • Tax Book Number: 5860
  • Tax Lot: 032
  • Tax Map Number: U06
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 19, 2019
Sold by
Hamilton Wade T
Bought by
607 Lisbon St T
Current Estimated Value
$451,615

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,356
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Listed on
Jul 12, 2018
Closed on
Dec 20, 2018
Sold by
Eastman Brian S
Bought by
Hamilton Wade T
Seller's Agent
Sally Christner
Fontaine Family-The Real Estate Leader
Buyer's Agent
Michael Hamilton
Keller Williams Realty
List Price
$379,000
Sold Price
$275,000
Premium/Discount to List
-$104,000
-27.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.86%
Original Mortgage
$270,019
Interest Rate
4.87%
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
607 Lisbon St T -- --
Hamilton Wade T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hamilton Wade T $268,649
Closed Hamilton Wade T $270,356
Previous Owner Hamilton Wade T $270,019
Previous Owner Eastman Brian S $174,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2018 12/20/18 Sold $275,000 -27.4% $53 / Sq Ft
10/19/2018 10/19/18 Pending -- -- --
07/12/2018 07/12/18 For Sale $379,000 -- $73 / 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 $4,991 $367,000 $58,000 $309,000
2023 $3,992 $189,200 $34,500 $154,700
2022 $4,856 $210,200 $38,300 $171,900
2021 $4,181 $189,200 $34,500 $154,700
2020 $4,181 $181,000 $34,500 $146,500
2019 $4,181 $181,000 $34,500 $146,500
2018 $3,386 $156,300 $30,000 $126,300
2017 $3,162 $156,300 $30,000 $126,300
2016 $3,501 $156,300 $30,000 $126,300
2015 $3,305 $140,100 $35,400 $104,700
2014 $3,418 $140,100 $35,400 $104,700
2013 $3,222 $140,100 $35,400 $104,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1360841

Maine Listings

APN: LISN-000006U-000000-000032