NOT LISTED FOR SALE

747 Main St Westbrook, ME 04092

Estimated Value: $1,154,519

Studio
5 Baths
6,768 Sq Ft
$171/Sq Ft Est. Value

Last Sold June 09, 2023

Last sale price $1,052,000 $155 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $7,282/month

8 Days on Market

Highlights

  • Deck
  • New Englander Architecture
  • No HOA
  • Wood Flooring
  • Corner Lot
  • 5-minute walk to Westbrook Together Days

About This Home

As of June 2023

Conveniently located in Downtown Westbrook, with nearby restaurants, shopping, parks, health care and public transportation. Minutes to Rock Row, Downtown Portland and easy access to 95 and 295 interstates.

This well maintained 5-unit offers period details and hardwood floors throughout. Units are 1200 - 1500 s.f. with 4 units having large, enclosed sun porches and 1 unit having a roof top deck. Ample off-street parking including a 4-car garage. Many updates by prior owner and current owner.

OFFERS DUE MONDAY (4/17) BY 5:00 PM, SELLER WILL RESPOND BY WEDNESDAY (4/19) BY 5 PM.

Last Agent to Sell the Property

Karen Thompson

Portside Real Estate Group Listed on: 04/10/2023

Portside Real Estate Group

Last Buyer's Agent

Lauren Jones

F.O. Bailey Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,870

Year Built

  • Built in 1900

Lot Details

  • 10,454 Sq Ft Lot
  • Corner Lot
  • Open Lot
  • Lot Has A Rolling Slope

Parking

  • 4 Car Garage
  • Subterranean Parking
  • Driveway

Home Design

  • New Englander Architecture
  • Brick Foundation
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Aluminum Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 5 Full Bathrooms
  • 6,768 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement
  • Interior and Exterior Basement Entry

Flooring

  • Wood
  • Carpet
  • Tile

Outdoor Features

  • Deck
  • Enclosed Glass Porch

Location

  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Internet Available

Listing and Financial Details

  • Tax Lot 177
  • Assessor Parcel Number WSBR-000033-000000-000177

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Operating Expense $24,870
  • Gross Income $90,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,870

Year Built

Built in 1900

Lot Details

0

Parking

4

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.24
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Corner of Main and Foster Streets.
  • Above Grade Finished Sq Ft: 6768.0
  • Architectural Style: New Englander
  • Garage Yn: Yes
  • Building Stories: 3
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 144.06
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.24
  • Property Information:Total Baths: 5.0
  • Property Information:SqFt Finished Above Grade: 6768.0
  • Property Information:Garage: Yes
  • Site:Corner Lot: 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
  • Cooling:None3: Yes
  • Floors:Carpet: 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
  • Property Information:Garage Spaces: 4.0
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 5
  • Foundation Materials:BrickMortar2: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 90000.0
  • Income Expenses Operating Expenses: 24870.0
  • Parking:On Site2: Yes
  • Gas:Natural - At Street: Yes
  • Property Information:Short Sale Continue to Show: No
  • Equipment:Internet Access Available: Yes
  • Site:RollingSloping: Yes
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Bank Owned REO: No
  • Exterior:Aluminum Siding: Yes
  • Style:New Englander: Yes
  • Vehicle Storage:Under: Yes
  • Patio and Porch Features:Glassed-in Porch: Yes
  • Advertising Remarks:Advertising Remarks: Conveniently located in Downtown Westbrook, with nearby restaurants, shopping, parks, health care and public transportation. Minutes to Rock Row, Downtown Portland and easy access to 95 and 295 interstates. This well maintained 5-unit offers period details and hardwood floors throughout. Units are 1200 - 1500 s.f. with 4 units having large, enclosed sun porches and 1 unit having a roof top deck. Ample off-street parking including a 4-car garage. Many updates by prior owner and current owner. OFFERS DUE MONDAY (4/17) BY 5:00 PM, SELLER WILL RESPOND BY WEDNESDAY (4/19) BY 5 PM.
  • Property Information 2 Detached Houses on 1 Lot: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Exterior Entry, Bulkhead, Interior Entry, Unfinished
  • Full Bathrooms: 5
  • Flooring: Wood, Tile, Carpet

Exterior Features

  • Lot Features: Corner Lot, Open Lot, Rolling Slope, Intown, Near Shopping
  • Waterfront: No
  • Construction Type: Aluminum Siding, Wood Frame
  • Foundation Details: Concrete Perimeter, Brick/Mortar
  • Patio And Porch Features: Deck, Glass Enclosed
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 4.0
  • Parking Features: 5 - 10 Spaces, Paved, On Site, Underground

Utilities

  • 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 #: WSBR-000033-000000-000177
  • Zoning: City Center

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 90000.0
  • Annual Operating Expense: 24870.0

Tax Info

  • Tax Annual Amount: 8870.0
  • Tax Lot: 177
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2023
Closed on
Jun 9, 2023
Sold by
Whitting Joan M Est and Whiting
Bought by
747 Main St Llc
Seller's Agent
Karen Thompson
Portside Real Estate Group
Buyer's Agent
Lauren Jones
F.O. Bailey Real Estate
List Price
$975,000
Sold Price
$1,052,000
Premium/Discount to List
$77,000
7.9%
Current Estimated Value
$1,154,519

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,519
Avg. Annual Appreciation
3.59%
Original Mortgage
$789,000
Outstanding Balance
$766,381
Interest Rate
6.43%
Mortgage Type
New Conventional
Estimated Equity
$388,138

Purchase Details

Listed on
Oct 14, 2019
Closed on
Nov 25, 2019
Sold by
Ke Knudsen Apartments Llc
Bought by
Whiting Joan M
Seller's Agent
Jennifer Watkins
Better Homes & Gardens Real Estate/The Masiello Group
Buyer's Agent
Karen Thompson
RE/MAX By The Bay
List Price
$899,000
Sold Price
$794,000
Premium/Discount to List
-$105,000
-11.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.27%
Original Mortgage
$145,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 29, 2014
Sold by
Gouzie Peter G and Gouzie Theresa S
Bought by
K E Knudson Apartments

Purchase Details

Closed on
Jul 31, 2008
Sold by
Webber Shirley M
Bought by
Gouzie Peter G and Gouzie Theresa S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
6.47%
Mortgage Type
Commercial
Source: Public Records
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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
747 Main St Llc $1,052,000 None Available
747 Main St Llc $1,052,000 None Available
Whiting Joan M -- --
Whiting Joan M -- --
K E Knudson Apartments -- --
K E Knudson Apartments -- --
Gouzie Peter G -- --
Gouzie Peter G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 747 Main St Llc $789,000
Closed 747 Main St Llc $789,000
Previous Owner Whiting Joan M $145,000
Previous Owner Gouzie Peter G $328,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/09/2023 06/09/23 Sold $1,052,000 +7.9% $155 / Sq Ft
04/18/2023 04/18/23 Pending -- -- --
04/10/2023 04/10/23 For Sale $975,000 +22.8% $144 / Sq Ft
11/25/2019 11/25/19 Sold $794,000 -11.7% $117 / Sq Ft View Prior Sale
11/02/2019 11/02/19 Pending -- -- --
10/14/2019 10/14/19 For Sale $899,000 -- $133 / Sq Ft
Source: Maine Listings

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 $9,960 $597,100 $168,700 $428,400
2022 $9,005 $497,500 $140,500 $357,000
2021 $8,870 $497,500 $140,500 $357,000
2020 $8,307 $465,100 $140,500 $324,600
2019 $8,307 $465,100 $140,500 $324,600
2018 $7,435 $372,700 $129,300 $243,400
2017 $7,037 $372,700 $129,300 $243,400
2016 $6,858 $372,700 $129,300 $243,400
2015 $6,694 $372,700 $129,300 $243,400
2014 $6,410 $372,700 $129,300 $243,400
2013 $6,410 $372,700 $129,300 $243,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1555521

Maine Listings

APN: WSBR-000033-000000-000177