NOT LISTED FOR SALE

748 Main St Westbrook, ME 04092

-- Bed
4 Baths
4,092 Sq Ft
7,841 Sq Ft Lot

Last Sold September 24, 2024

Last sale price $700,000 $171 Per Sq Ft

12 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Baseboard Heating
  • Victorian Architecture
  • Property is near shops
  • 4-minute walk to Westbrook Together Days

About This Home

As of September 2024

Nice 4 unit apartment building that would be perfect for an investor or owner-occupy located on Westbrook's bustling Main Street where there is a lot of future development going on giving this building a lot of upside for building equity! This multi unit offers (2) large 2 bedrooms & (2) large 1 bedrooms w/ parking + under market rents.

Last Agent to Sell the Property

Thomas Gadbois

F.O. Bailey Real Estate Listed on: 08/26/2024

Last Buyer's Agent

Thomas Gadbois

F.O. Bailey Real Estate Listed on: 08/26/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,218

Year Built

  • Built in 1900

Lot Details

  • 7,841 Sq Ft Lot
  • Level Lot
  • Open Lot

Home Design

  • 4,092 Sq Ft Home
  • Victorian Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Full Bathrooms

Unfinished Basement

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

Parking

  • Common or Shared Parking
  • Shared Driveway
  • Paved Parking

Location

  • Property is near shops
  • City Lot

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 103
  • Assessor Parcel Number WSBR-000033-000000-000103

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $17,437
  • Gross Income $49,275

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,218

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.18
  • MLS Status: Closed
  • Directions: GPS
  • Above Grade Finished Sq Ft: 4092.0
  • Architectural Style: Victorian
  • Garage Yn: No
  • Year Built: 1900
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 177.17
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.18
  • Property Information:Total Baths: 4.0
  • Property Information:SqFt Finished Above Grade: 4092.0
  • 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
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Wood3: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Exterior:Vinyl Siding: Yes
  • Driveway:Common2: Yes
  • Water Heater:Electric2: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 4
  • Income Expenses Gross Income: 49275.0
  • Income Expenses Operating Expenses: 17437.0
  • Gas:Natural - At Street: Yes
  • Basement Entry:Exterior Only: Yes
  • Advertising Remarks:Advertising Remarks: Nice 4 unit apartment building that would be perfect for an investor or owner-occupy located on Westbrook's bustling Main Street where there is a lot of future development going on giving this building a lot of upside for building equity! This multi unit offers (2) large 2 bedrooms & (2) large 1 bedrooms w/ parking + under market rents.
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Exterior Only, Unfinished
  • Full Bathrooms: 4
  • Flooring: Wood, Carpet
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Intown, Near Shopping, Near Turnpike/Interstate, Near Town, Shopping Mall
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Roof: Shingle

Garage/Parking

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

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
  • Pets Allowed: No Restrictions

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7840.8
  • Parcel #: WSBR-000033-000000-000103
  • Zoning: CC

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 49275.0
  • Annual Operating Expense: 17437.0

Tax Info

  • Tax Annual Amount: 5218.0
  • Tax Block: 0
  • Tax Lot: 103
  • Tax Year: 2023
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/24/2024 09/24/24 Sold $700,000 -3.4% $171 / Sq Ft
09/07/2024 09/07/24 Pending -- -- --
08/26/2024 08/26/24 For Sale $725,000 -- $177 / 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 $5,218 $312,800 $63,000 $249,800
2022 $4,739 $261,800 $52,500 $209,300
2021 $4,668 $261,800 $52,500 $209,300
2020 $2,779 $261,800 $52,500 $209,300
2019 $2,687 $261,800 $52,500 $209,300
2018 $4,295 $215,300 $45,600 $169,700
2017 $4,065 $215,300 $45,600 $169,700
2016 $5,306 $215,300 $45,600 $169,700
2015 $3,867 $215,300 $45,600 $169,700
2014 $3,703 $215,300 $45,600 $169,700
2013 $3,703 $215,300 $45,600 $169,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1601640

Maine Listings