NOT LISTED FOR SALE

724 Lisbon St Lewiston, ME 04240

Estimated Value: $356,000 - $435,000

-- Bed
4 Baths
5,304 Sq Ft
$76/Sq Ft Est. Value

Last Sold July 12, 2022

Last sale price $332,000 $63 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $2,507/month

27 Days on Market

Highlights

  • Nearby Water Access
  • Wood Flooring
  • Corner Lot
  • Property is near public transit
  • Main Floor Bedroom
  • No HOA

About This Home

As of July 2022

3-unit investment opportunity near downtown Lewiston. Each unit is 1768 square feet with 4 bedrooms, washer dryer hookups, storage, a covered porch, and a parking spot. The second floor unit has been updated with fresh paint and new flooring, and the previous owner had lead abatement services performed throughout the building. Conversion to natural gas possible since Unitil confirmed there's a gas line at street. Group showings ONLY on Fri 4/29 11:00am-12:30pm & Sat 4/30 1:00-2:30pm.

Last Agent to Sell the Property

Sherrie Benner

Gardner Real Estate Group Listed on: 05/25/2022

Last Buyer's Agent

Faith Fontaine

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,869

Year Built

  • Built in 1881

Lot Details

  • 4,792 Sq Ft Lot
  • Corner Lot
  • Level Lot

Home Design

  • Flat Roof Shape
  • Brick Foundation
  • Wood Frame Construction
  • Membrane Roofing
  • Vinyl Siding

Interior Spaces

  • 5,304 Sq Ft Home
  • Multi-Level Property
  • Ceiling Fan
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 4 Full Bathrooms
  • Bathtub
  • Shower Only

Unfinished Basement

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

Parking

  • Tandem Parking
  • Driveway
  • Paved Parking
  • On-Site Parking
  • Off-Street Parking

Outdoor Features

  • Nearby Water Access
  • River Nearby

Location

  • Property is near public transit
  • City Lot

Utilities

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

Listing and Financial Details

  • Tax Lot 52
  • Assessor Parcel Number LEWI-000197-000000-000052

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $11,700
  • Gross Income $47,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,869

Year Built

Built in 1881

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From Portland, take I-95N toward Lewiston. Take exit 80, then drive to ME-196 W Lisbon Street. Property is on the right on the corner of Lisbon St and Garnett Ave.
  • Above Grade Finished Sq Ft: 5304.0
  • Architectural Style: Other
  • Garage Yn: No
  • Unit Levels: Multi-Level
  • Efficiency: Ceiling Fans
  • Year Built: 1881
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.11
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 5304.0
  • Property Information:Garage: No
  • Site:Corner Lot: Yes
  • Site:Level: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Hot Water: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Floors:Wood3: Yes
  • Parking:Off Street: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Amenities:Laundry - Hookup: Yes
  • Amenities:Shower: Yes
  • Basement:Unfinished: Yes
  • Floors:Laminate: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:BrickMortar2: Yes
  • Income Expenses Gross Income: 47700.0
  • Income Expenses Operating Expenses: 11700.0
  • Parking:On Site2: Yes
  • Amenities:Bathtub: Yes
  • Parking:Paved3: Yes
  • Gas:Natural - At Street: Yes
  • Property Information:Short Sale Continue to Show: No
  • Recreational Water:Nearby: Yes
  • Recreational Water:RiverBrookStream: Yes
  • Equipment:Internet Access Available: Yes
  • Property Information:Bank Owned REO: No
  • Energy Efficiency:Ceiling Fans: Yes
  • Roof:Membrane: Yes
  • Transportation:Public Transport Access: Yes
  • Roof:Flat: Yes
  • Parking:Tandem2: Yes
  • Property Information 2 Detached Houses on 1 Lot: No
  • Levels:Multi-Level3: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Other Equipment: Internet Access Available
  • Has Basement: Interior, Full, Unfinished
  • Full Bathrooms: 4
  • Flooring: Wood, Vinyl, Laminate, Carpet
  • Interior Amenities: 1st Floor Bedroom, Bathtub, Shower
  • Full Basement: Yes

Exterior Features

  • Lot Features: Corner Lot, Level, Sidewalks, Intown, Near Public Transit
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Brick/Mortar
  • Roof: Flat, Membrane

Garage/Parking

  • Attached Garage: No
  • Parking Features: 1 - 4 Spaces, Paved, On Site, Off Street, Tandem

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: 4791.6
  • Parcel #: LEWI-000197-000000-000052
  • Zoning: NCA Neigh Cnsrv A

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 47700.0
  • Annual Operating Expense: 11700.0

Tax Info

  • Tax Annual Amount: 3869.0
  • Tax Book Number: 10589
  • Tax Lot: 52
  • Tax Map Number: 197
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2022
Closed on
Jul 12, 2022
Sold by
Genthner Molly and Genthner Forrest
Bought by
Mukerintore Levis M
Seller's Agent
Sherrie Benner
Gardner Real Estate Group
Buyer's Agent
Faith Fontaine
Keller Williams Realty
List Price
$316,724
Sold Price
$332,000
Premium/Discount to List
$15,276
4.82%
Current Estimated Value
$404,530

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,530
Avg. Annual Appreciation
6.33%
Original Mortgage
$249,000
Outstanding Balance
$237,582
Interest Rate
5.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$166,948

Purchase Details

Listed on
Sep 1, 2020
Closed on
Dec 15, 2020
Sold by
Scott Megan T and Scott Corey E
Bought by
Genthner Forrest and Genthner Molly
Seller's Agent
Matthew Freedman
Meservier & Associates
Buyer's Agent
Sherrie Benner
Keller Williams Realty
List Price
$205,000
Sold Price
$195,664
Premium/Discount to List
-$9,336
-4.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
40.65%
Original Mortgage
$146,748
Interest Rate
2.7%
Mortgage Type
New Conventional
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
Mukerintore Levis M $332,000 None Available
Genthner Forrest -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mukerintore Levis M $249,000
Previous Owner Genthner Forrest $146,748
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2022 07/12/22 Sold $332,000 +4.8% $63 / Sq Ft
05/25/2022 05/25/22 Pending -- -- --
04/27/2022 04/27/22 For Sale $316,724 +61.9% $60 / Sq Ft
12/22/2020 12/22/20 Sold $195,664 -4.6% $37 / Sq Ft
09/06/2020 09/06/20 Pending -- -- --
09/01/2020 09/01/20 For Sale $205,000 +24.2% $39 / Sq Ft
04/05/2019 04/05/19 Sold $165,000 -5.7% $23 / Sq Ft
03/26/2019 03/26/19 Pending -- -- --
03/19/2019 03/19/19 For Sale $175,000 -- $25 / 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 $4,349 $136,900 $17,040 $119,860
2023 $4,107 $136,900 $17,040 $119,860
2022 $3,902 $136,900 $17,040 $119,860
2021 $3,869 $136,900 $17,040 $119,860
2020 $3,291 $114,800 $17,040 $97,760
2019 $3,319 $114,800 $17,040 $97,760
2018 $2,470 $86,160 $17,040 $69,120
2017 $2,414 $86,160 $17,040 $69,120
2016 $2,373 $86,160 $17,040 $69,120
2015 $2,358 $86,160 $17,040 $69,120
2014 $2,291 $86,160 $17,040 $69,120
2013 $2,278 $86,160 $17,040 $69,120
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1526185

Maine Listings

APN: LEWI-000197-000000-000052