NOT LISTED FOR SALE

7 Speirs St Westbrook, ME 04092

Estimated Value: $414,985 - $529,000

5 Beds
2 Baths
1,584 Sq Ft
$308/Sq Ft Est. Value

Last Sold August 05, 2024

Last sale price $499,000 $315 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $2,940/month

9 Days on Market

Highlights

  • 4,792 Acre Lot
  • Post and Beam
  • Main Floor Bedroom
  • Property is near public transit
  • Wood Flooring
  • 3-minute walk to Westbrook Together Days

About This Home

As of August 2024

This charming duplex has been rented furnished month-to-month, currently apt 2 is rented and apt 1 is vacant, offering a fantastic opportunity for both owner-occupiers and investors. Wood floors, abundant natural light, new hot water heaters and private entrances for each unit. Situated on a quiet, low-traffic street, this property is just steps away from parks, river walking paths, and Main Street's array of restaurants and shops. A Hannaford supermarket is less than half a mile away, and Market Basket at Rock Row is just over a mile away. Quick access to Portland and close proximity to the city's fire, police, and EMS stations. Large partially fenced yard and off-street parking for up to 4 vehicles. Don't miss out on this versatile and well-located property in the heart of Westbrook. No showings until open house Saturday 5/25. Owner/agent.

Last Agent to Sell the Property

Gabrielle wallace

Realty ONE Group - Compass Listed on: 05/21/2024

Realty ONE Group - Compass

Last Buyer's Agent

Elizabeth Marks

The Real Estate Store

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,198

Year Built

  • Built in 1935

Lot Details

  • 4,792 Acre Lot
  • Level Lot

Home Design

  • 1,584 Sq Ft Home
  • Duplex
  • Post and Beam
  • Slab Foundation
  • Shingle Roof
  • Shingle Siding

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 2 Full Bathrooms
  • Bathtub

Laundry

  • Laundry on main level

Unfinished Basement

  • Partial Basement
  • Interior Basement Entry
  • Sump Pump

Parking

  • Driveway
  • Paved Parking

Location

  • Property is near public transit
  • City Lot

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Gas Water Heater
  • Water Heater Leased

Listing and Financial Details

  • Tax Lot 033-000-204
  • Assessor Parcel Number 033-000-204

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $4,198
  • Gross Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,198

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 4792.0
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1584.0
  • Architectural Style: Duplex
  • Garage Yn: No
  • Year Built: 1935
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 4792.0
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1584.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Exterior:Shingle Siding: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Water Heater:Gas: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Basement:Partial: Yes
  • Property Information:Number of Units: 2
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 36000.0
  • Income Expenses Operating Expenses: 4198.36
  • Amenities:Bathtub: Yes
  • Amenities:Laundry - 1st Floor: Yes
  • Style:Duplex: Yes
  • Gas:Natural - At Street: Yes
  • Basement:Slab2: Yes
  • Construction:Post Beam: Yes
  • Basement:Sump Pump: Yes
  • Transportation:Public Transport Access: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Partial, Sump Pump, Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Flooring: Wood, Tile
  • Interior Amenities: 1st Floor Bedroom, Bathtub
  • Appliances:Water Heater Rented: Yes

Exterior Features

  • Lot Features: Level, Intown, Near Public Transit
  • Waterfront: No
  • Construction Type: Shingle Siding, Post & Beam
  • Foundation Details: Slab
  • Roof: Shingle

Garage/Parking

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

Utilities

  • Laundry Features: Laundry - 1st Floor, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, 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: 208739520.0
  • Parcel #: 033-000-204
  • Zoning: In town

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 36000.0
  • Annual Operating Expense: 4198.36

Tax Info

  • Tax Annual Amount: 4198.36
  • Tax Book Number: 3838
  • Tax Lot: 033-000-204
  • Tax Map Number: 033-000-204
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2024
Closed on
Aug 5, 2024
Sold by
Apollonius Properties Llc
Bought by
Lopez Eliseo
Seller's Agent
Gabrielle wallace
Realty ONE Group - Compass
Buyer's Agent
Elizabeth Marks
The Real Estate Store
List Price
$499,000
Sold Price
$499,000
Views
12
Current Estimated Value
$488,496

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,504
Avg. Annual Appreciation
-0.31%
Original Mortgage
$374,250
Outstanding Balance
$371,681
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$125,555

Purchase Details

Listed on
Oct 1, 2020
Closed on
Nov 20, 2020
Sold by
Chaplee Llc
Bought by
Wallace Gabrielle A
Seller's Agent
Carol Kline
Kline Realty Group
Buyer's Agent
Carol Kline
Kline Realty Group
List Price
$299,000
Sold Price
$312,500
Premium/Discount to List
$13,500
4.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.48%
Original Mortgage
$234,375
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 21, 2016
Closed on
Jun 10, 2016
Sold by
Wise Properties Llc
Bought by
Chaplee Llc
Seller's Agent
Jon Leahy
J T Leahy Real Estate
Buyer's Agent
Carol Kline
Kline Realty Group
List Price
$179,900
Sold Price
$175,000
Premium/Discount to List
-$4,900
-2.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.88%
Original Mortgage
$175,000
Interest Rate
3.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 5, 2009
Sold by
Kinney Molly A
Bought by
Wise Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
5.14%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Lopez Eliseo -- None Available
Lopez Eliseo -- None Available
Wallace Gabrielle A -- None Available
Wallace Gabrielle A -- None Available
Chaplee Llc -- --
Chaplee Llc -- --
Wise Properties Llc -- --
Wise Properties Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopez Eliseo $374,250
Closed Lopez Eliseo $374,250
Previous Owner Wallace Gabrielle A $234,375
Previous Owner Chaplee Llc $175,000
Previous Owner Wise Properties Llc $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2024 08/05/24 Sold $499,000 0.0% $315 / Sq Ft
05/31/2024 05/31/24 Pending -- -- --
05/30/2024 05/30/24 Off Market $499,000 -- --
05/21/2024 05/21/24 For Sale $499,000 +59.7% $315 / Sq Ft
11/23/2020 11/23/20 Sold $312,500 +4.5% $197 / Sq Ft
10/04/2020 10/04/20 Pending -- -- --
10/01/2020 10/01/20 For Sale $299,000 +70.9% $189 / Sq Ft
06/09/2016 06/09/16 Sold $175,000 -2.7% $110 / Sq Ft
04/27/2016 04/27/16 Pending -- -- --
04/21/2016 04/21/16 For Sale $179,900 -- $114 / 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
2023 $4,198 $251,700 $78,900 $172,800
2022 $3,806 $210,300 $65,700 $144,600
2021 $3,737 $209,600 $65,700 $143,900
2020 $3,743 $209,600 $65,700 $143,900
2019 $3,743 $209,600 $65,700 $143,900
2018 $3,213 $165,500 $57,200 $108,300
2017 $3,125 $165,500 $57,200 $108,300
2016 $3,045 $165,500 $57,200 $108,300
2015 $2,972 $165,500 $57,200 $108,300
2014 $2,847 $165,500 $57,200 $108,300
2013 $2,847 $165,500 $57,200 $108,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1590430

Maine Listings

APN: WSBR-000033-000000-000204