NOT LISTED FOR SALE

7 Franklin St Lewiston, ME 04240

Estimated Value: $319,000 - $392,000

5 Beds
2.5 Baths
2,755 Sq Ft
$127/Sq Ft Est. Value

Last Sold April 09, 2021

Last sale price $193,500 $70 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $2,306/month

112 Days on Market

Highlights

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

About This Home

As of April 2021

Easy income with this neat and tidy two unit in a quiet neighborhood just minutes from Bates. This building was completely lead abated by a certified lead abatement company and new windows installed throughout. Great rental history. Come take a look today

Last Agent to Sell the Property

Susan Dube

Better Homes & Gardens Real Estate/The Masiello Group Listed on: 10/19/2020

Better Homes & Gardens Real Estate/The Masiello Group

Co-Listed By

Evan Dube

Better Homes & Gardens Real Estate/The Masiello Group

Last Buyer's Agent

Amanda Berube

HomeSmart

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,358

Year Built

  • Built in 1928

Lot Details

  • 10,454 Sq Ft Lot
  • Level Lot
  • Open Lot

Home Design

  • 2,755 Sq Ft Home
  • Colonial Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Flooring

  • Wood
  • Carpet

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Brick Basement
  • Interior Basement Entry

Parking

  • Driveway
  • Paved Parking

Utilities

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

Additional Features

  • Washer and Dryer Hookup
  • City Lot

Listing and Financial Details

  • Tax Lot 124
  • Assessor Parcel Number LEWI-000194-000000-000124

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $15,161
  • Gross Income $25,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,358

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.24
  • Road Surface Type: Paved
  • Co List Office Mls Id: 1066
  • Co List Office Phone: 207-782-8311
  • MLS Status: Closed
  • Directions: Sabattus street to Franklin
  • Above Grade Finished Sq Ft: 2755.0
  • Architectural Style: Colonial
  • Garage Yn: No
  • Year Built: 1928
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.24
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2755.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: 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:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Basement Entry:Walk-Out: Yes
  • Exterior:Vinyl Siding: Yes
  • Amenities:Laundry - Hookup: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Property Information:Number of Units: 2
  • Income Expenses Gross Income: 25200.0
  • Income Expenses Operating Expenses: 15161.0
  • Style:Colonial: Yes
  • Roof:Pitched: Yes
  • Property Information:Short Sale Continue to Show: No
  • Basement:BrickMortar: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Brick/Mortar, Full, Interior Entry, Walk-Out Access, Unfinished
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Flooring: Wood, Other, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Sidewalks, Intown, Near Shopping, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Pitched, Shingle

Garage/Parking

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

Utilities

  • Laundry Features: Washer Hookup
  • 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: 10454.4
  • Parcel #: LEWI-000194-000000-000124
  • Zoning: NCB

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 25200.0
  • Annual Operating Expense: 15161.0

Tax Info

  • Tax Annual Amount: 3358.0
  • Tax Book Number: 10145
  • Tax Lot: 124
  • Tax Map Number: 194
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2020
Closed on
Apr 9, 2021
Sold by
7 Franklin Street Llc
Bought by
Banks Dana
Seller's Agent
Susan Dube
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Amanda Berube
HomeSmart
List Price
$210,000
Sold Price
$193,500
Premium/Discount to List
-$16,500
-7.86%
Current Estimated Value
$349,083

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,583
Avg. Annual Appreciation
13.60%
Original Mortgage
$189,865
Outstanding Balance
$173,018
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$157,498

Purchase Details

Closed on
Jul 24, 2019
Sold by
Getchell Todd I
Bought by
7 Franklin Street Llc

Purchase Details

Closed on
Jul 6, 2005
Sold by
Ford Michele J and Bilodeau Michele J
Bought by
Getchell Todd I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,500
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage
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
Banks Dana -- None Available
7 Franklin Street Llc -- --
Getchell Todd I -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Banks Dana C $36,000
Open Banks Dana $189,865
Previous Owner Getchell Todd I $155,300
Previous Owner Getchell Todd I $20,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2021 04/09/21 Sold $193,500 -7.9% $70 / Sq Ft
02/09/2021 02/09/21 Pending -- -- --
10/19/2020 10/19/20 For Sale $210,000 -- $76 / 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 $4,340 $136,600 $25,320 $111,280
2023 $4,098 $136,600 $25,320 $111,280
2022 $3,893 $136,600 $25,320 $111,280
2021 $3,860 $136,600 $25,320 $111,280
2020 $3,330 $116,160 $25,320 $90,840
2019 $3,358 $116,160 $25,320 $90,840
2018 $3,330 $116,160 $25,320 $90,840
2017 $3,255 $116,160 $25,320 $90,840
2016 $3,199 $116,160 $25,320 $90,840
2015 $3,179 $116,160 $25,320 $90,840
2014 $3,089 $116,160 $25,320 $90,840
2013 $3,071 $116,160 $25,320 $90,840
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1473306

Maine Listings

APN: LEWI-000194-000000-000124