NOT LISTED FOR SALE

7 Webster St Lewiston, ME 04240

Estimated Value: $381,000 - $433,000

9 Beds
3 Baths
3,213 Sq Ft
$123/Sq Ft Est. Value

Last Sold March 11, 2022

Last sale price $300,000 $93 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $2,525/month

39 Days on Market

Highlights

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

About This Home

As of March 2022

Investors take notice of this large 3 unit! Great investment property as all units have 3 beds and 1 bath and are currently rented. Continue to rent or use one to live in. Nice large lot centrally located to all amenities. St. Marys Hospital, Angelo's Pizzeria and Marcotte Park Playground located just down the road.

Last Agent to Sell the Property

Anthony Poulin

Meservier & Associates Listed on: 01/16/2022

Last Buyer's Agent

Sarah Msuya

Realty ONE Group - Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,263

Year Built

  • Built in 1920

Lot Details

  • 0.26 Acre Lot
  • Level Lot

Parking

  • Gravel Driveway

Home Design

  • Flat Roof Shape
  • Wood Frame Construction
  • Vinyl Siding

Interior Spaces

  • 3 Full Bathrooms
  • 3,213 Sq Ft Home
  • Multi-Level Property

Flooring

  • Wood
  • Laminate
  • Vinyl

Unfinished Basement

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

Location

  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating
  • Natural Gas Not Available
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 116
  • Assessor Parcel Number LEWI-000195-000000-000116

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $14,896
  • Gross Income $35,735

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,263

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.26
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 3213.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1920
  • Location Information:Leased Land: No
  • Property Information:Lot Size Acres -: 0.26
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3213.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Baseboard: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Exterior:Vinyl Siding: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Floors:Laminate: Yes
  • Gas:No Gas: Yes
  • Basement Entry:Doghouse: Yes
  • Property Information:Number of Units: 3
  • Income Expenses Gross Income: 35735.0
  • Income Expenses Operating Expenses: 14896.0
  • Style:Multi-Level: Yes
  • Driveway:Gravel: Yes
  • Property Information:Deed Restrictions: Unknown
  • Roof:Flat: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Doghouse, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl, Laminate
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Intown, Near Shopping
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Flat

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: 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: 11325.6
  • Parcel #: LEWI-000195-000000-000116
  • Zoning: Res/Business

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 35735.0
  • Annual Operating Expense: 14896.0

Tax Info

  • Tax Annual Amount: 3263.0
  • Tax Book Number: 10948
  • Tax Lot: 116
  • Tax Map Number: 195
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2022
Closed on
Mar 11, 2022
Sold by
Moussa Realty Llc
Bought by
Masudi Mike
Seller's Agent
Anthony Poulin
Meservier & Associates
Buyer's Agent
Sarah Msuya
Realty ONE Group - Compass
List Price
$294,000
Sold Price
$300,000
Premium/Discount to List
$6,000
2.04%
Current Estimated Value
$396,336

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,336
Avg. Annual Appreciation
8.04%
Original Mortgage
$294,566
Interest Rate
3.85%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 21, 2006
Sold by
Merchant Geraldine A
Bought by
Chabot Maurice A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,400
Interest Rate
6.34%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 25, 2006
Sold by
Chabot Maurice
Bought by
Bryant Lisa M and Bryant 3Rd William H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,400
Interest Rate
6.34%
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
Masudi Mike $300,000 None Available
Chabot Maurice A -- --
Bryant Lisa M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Masudi Mike $300,500
Closed Masudi Mike $294,566
Previous Owner Bryant 3Rd William H $159,000
Previous Owner Bryant Lisa M $39,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2022 03/11/22 Sold $300,000 +2.0% $93 / Sq Ft
01/23/2022 01/23/22 Pending -- -- --
12/14/2021 12/14/21 For Sale $294,000 -- $92 / 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 $3,806 $119,800 $18,360 $101,440
2023 $3,594 $119,800 $18,360 $101,440
2022 $3,414 $119,800 $18,360 $101,440
2021 $3,217 $113,820 $18,360 $95,460
2020 $3,263 $113,820 $18,360 $95,460
2019 $3,291 $113,820 $18,360 $95,460
2018 $3,263 $113,820 $18,360 $95,460
2017 $3,189 $113,820 $18,360 $95,460
2016 $3,135 $113,820 $18,360 $95,460
2015 $3,115 $113,820 $18,360 $95,460
2014 $3,026 $113,820 $18,360 $95,460
2013 $3,009 $113,820 $18,360 $95,460
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1516537

Maine Listings

APN: LEWI-000195-000000-000116