J
Seller's Agent in 2022
Jennifer Sweeney
Portside Real Estate Group
(207) 992-6019
3 in this area
75 Total Sales
61 Spring St Westbrook, ME 04092
Estimated Value: $557,586 - $666,000
6
Beds
2
Baths
2,480
Sq Ft
$252/Sq Ft
Est. Value
Highlights
- 243 Feet of Waterfront
- 0.63 Acre Lot
- Wood Flooring
- Home fronts a pond
- Deck
- New Englander Architecture
About This Home
As of September 2022Incredible investment opportunity in Westbrook! This rare and wonderful 2-unit property on a truly exceptional lot on Beaver Pond boasts two income-generating 3-bedroom/1-bath units, each with separate entrances, separate electric and heating, in-unit washing machines and a shared dryer in the basement. Plenty of parking and storage with an attached 2-car garage and additional basement and attic space. Bright and airy units with high ceilings and charming period details. There are tenants currently in the upper unit through November 2022 at $2,000 per month. The now-vacant lower unit rented for $2,100, prior to the new laminate flooring installed in the unit and 1st-floor hallway this year. Newer roof; easy-to-maintain lawn (has never needed mowing!); all exterior entrances; porches and decks freshly painted this spring. Freshly painted interior 2021, new motion-sensor safety lights installed outside and in the interior hallway and stairwell 2021.
The flexibility of this property is so appealing; with the enchanting urban oasis that the pond and beautiful level yard allows, this could be a multi-generational home (as it was historically), an amenity laden investment as it is now, or a fabulous owner-occupied home that lets you enjoy the warmth and tranquility of nature while the tenants pay your mortgage! Not to mention the convenient location – walkable to downtown Westbrook, restaurants, shopping, parks, health care and public transportation. Minutes to the Mall, the turnpike and Portland. Group showings Saturday 6/11 and Sunday 6/12 from 12:00 noon to 3:00 p.m. *Photos of 2nd floor unit were taken prior to tenant occupancy. Floor Plan & Matterport of 1st floor only, but 2nd unit is nearly identical in layout and dimension.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,436
Year Built
- Built in 1937
Lot Details
- 0.63 Acre Lot
- Home fronts a pond
- 243 Feet of Waterfront
- Level Lot
- Open Lot
Parking
- 2 Car Garage
- Subterranean Parking
- Driveway
Home Design
- New Englander Architecture
- Wood Frame Construction
- Shingle Roof
- Aluminum Siding
Interior Spaces
- 2,480 Sq Ft Home
- 1-Story Property
- Water Views
- Laundry on main level
Flooring
- Wood
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 2 Full Bathrooms
- Bathtub
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Outdoor Features
- Deck
- Porch
Utilities
- No Cooling
- Radiator
- Heating System Uses Oil
- Hot Water Heating System
- Electric Water Heater
Listing and Financial Details
- Tax Lot 111
- Assessor Parcel Number WSBR-000029-000000-000111
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Operating Expense $6,856
- Gross Income $50,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 7, 2022
Closed on
Sep 23, 2022
Sold by
Whelan David M
Bought by
Vemakondolo Manuel and Mbula Lisangi
Seller's Agent
Jennifer Sweeney
Portside Real Estate Group
Buyer's Agent
Janice Pompe John Lesser
Bean Group
List Price
$499,900
Sold Price
$575,000
Premium/Discount to List
$75,100
15.02%
Total Days on Market
7
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
$51,147
Avg. Annual Appreciation
3.82%
Original Mortgage
$564,585
Outstanding Balance
$545,238
Interest Rate
5.22%
Mortgage Type
FHA
Estimated Equity
$88,849
Purchase Details
Listed on
Jul 7, 2021
Closed on
Sep 14, 2021
Sold by
Caron Patricia
Bought by
Whelan David A
Seller's Agent
Phil Verrill
Verrill Real Estate, Inc
Buyer's Agent
Jennifer Sweeney
Coldwell Banker Realty
List Price
$429,900
Sold Price
$465,000
Premium/Discount to List
$35,100
8.16%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.14%
Original Mortgage
$395,250
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 24, 2021
Sold by
Hebert Deborah L
Bought by
Caron Patricia
Purchase Details
Closed on
Jun 21, 2021
Sold by
Turgeon Barbara A
Bought by
Caron Patricia
Purchase Details
Closed on
Jun 19, 2021
Sold by
Caron John M
Bought by
Caron Patricia
Purchase Details
Closed on
Jun 18, 2021
Sold by
Caron Richard W
Bought by
Caron Patricia
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 |
|---|---|---|---|
| Vemakondolo Manuel | $575,000 | None Available | |
| Whelan David A | -- | None Available | |
| Caron Patricia | -- | None Available | |
| Caron Patricia | -- | None Available | |
| Caron Patricia | -- | None Available | |
| Caron Patricia | -- | None Available | |
| Caron Patricia | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Vemakondolo Manuel | $564,585 | |
| Previous Owner | Whelan David A | $395,250 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/23/2022 09/23/22 | Sold | $575,000 | +15.0% | $232 / Sq Ft |
| 06/15/2022 06/15/22 | Pending | -- | -- | -- |
| 06/07/2022 06/07/22 | For Sale | $499,900 | +7.5% | $202 / Sq Ft |
| 09/14/2021 09/14/21 | Sold | $465,000 | +8.2% | $188 / Sq Ft |
| 07/14/2021 07/14/21 | Pending | -- | -- | -- |
| 07/07/2021 07/07/21 | For Sale | $429,900 | -- | $173 / 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 |
|---|---|---|---|---|
| 2023 | $6,210 | $372,300 | $94,400 | $277,900 |
| 2022 | $5,627 | $310,900 | $78,600 | $232,300 |
| 2021 | $5,543 | $310,900 | $78,600 | $232,300 |
| 2020 | $5,553 | $310,900 | $78,600 | $232,300 |
| 2019 | $5,553 | $310,900 | $78,600 | $232,300 |
| 2018 | $4,650 | $245,500 | $68,300 | $177,200 |
| 2017 | $4,635 | $245,500 | $68,300 | $177,200 |
| 2016 | $4,517 | $245,500 | $68,300 | $177,200 |
| 2015 | $4,409 | $245,500 | $68,300 | $177,200 |
| 2014 | $4,223 | $245,500 | $68,300 | $177,200 |
| 2013 | $4,223 | $245,500 | $68,300 | $177,200 |
Source: Public Records
Agents Affiliated with this Home
-
Jennifer Sweeney
-
J
Buyer's Agent in 2022
Janice Pompe John Lesser
Bean Group
-
Janice Pompeo
J
Buyer's Agent in 2022
Janice Pompeo
The Maine Real Estate Group
(207) 329-4534
18 in this area
150 Total Sales
-
Phil Verrill
P
Seller's Agent in 2021
Phil Verrill
Verrill Real Estate, Inc
(207) 756-0649
3 in this area
84 Total Sales
-
Chad Kirk
C
Seller Co-Listing Agent in 2021
Chad Kirk
Verrill Real Estate, Inc
(207) 852-8567
2 in this area
62 Total Sales
Map
Source: Maine Listings
MLS Number: 1531396
APN: WSBR-000029-000000-000111
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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