$100,000
SOLD FEB 15, 2012

75 Elm St Lewiston, ME 04240

-- Bed
3 Baths
3,162 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$32 Per Sq Ft

16% Below List Price

67 Days on Market

Highlights

  • Colonial Architecture
  • Main Floor Bedroom
  • Porch
  • Wood Flooring
  • No HOA
  • Bathtub

About This Home

As of July 2017

3 Units with 3 bedrooms units, near Bates College with excellent income and Leased into 2012, great investment, all tenants are Bates College students, no vacancy since 2005

Last Agent to Sell the Property

Maurice Rioux

Berkshire Hathaway HomeServices Northeast Real Estate Listed on: 10/22/2011

Last Buyer's Agent

Jeffrey Mateja

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1904

Lot Details

  • 5,663 Sq Ft Lot
  • Level Lot
  • Open Lot

Parking

  • Gravel Driveway

Home Design

  • Colonial Architecture
  • Brick Foundation
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Fiberglass Roof
  • Clap Board Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 3,162 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • 3 Full Bathrooms
  • Bathtub

Utilities

  • No Cooling
  • Forced Air Zoned Heating System
  • Heating System Uses Oil
  • Baseboard Heating
  • Hot Water Heating System
  • Gas Water Heater

Additional Features

  • Porch
  • City Lot

Listing and Financial Details

  • Tax Lot 359
  • Assessor Parcel Number 75Elm StreetLewiston194359

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $11,449
  • Gross Income $31,498

Property Details

Home Type

Multi-Family

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.13
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: From Main Street, turn on Elm St, property on right
  • Above Grade Finished Sq Ft: 3162.0
  • Architectural Style: Colonial, Multi-Level
  • Building Stories: 3
  • Year Built: 1904
  • Location Information:Leased Land: No
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.13
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 3162.0
  • 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
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: 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
  • Water Heater:Gas: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Basement:Unfinished: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Property Information:Number of Units: 3
  • Foundation Materials:BrickMortar2: Yes
  • Foundation Materials:Stone: Yes
  • Exterior:Clapboard: Yes
  • Heat System:Multi-Zones: Yes
  • Building Info:_pound_ Stories2: 3
  • Income Expenses Gross Income: 31498.0
  • Income Expenses Operating Expenses: 11449.0
  • Style:Multi-Level: Yes
  • Amenities:Bathtub: Yes
  • Style:Colonial: Yes
  • Roof:Pitched: Yes
  • Driveway:Gravel: Yes
  • Roof:Fiberglass: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Has Basement: Full, Unfinished
  • Full Bathrooms: 3
  • Flooring: Wood, Vinyl
  • Interior Amenities: 1st Floor Bedroom, Bathtub
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Intown
  • Waterfront: No
  • Construction Type: Vinyl Siding, Clapboard, Wood Frame
  • Foundation Details: Stone, Concrete Perimeter, Brick/Mortar
  • Patio And Porch Features: Porch
  • Roof: Fiberglass, Pitched, Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Forced Air, Baseboard
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5662.8
  • Parcel #: 75Elm StreetLewiston194359
  • Zoning: NCB

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 31498.0
  • Annual Operating Expense: 11449.0

Tax Info

  • Tax Annual Amount: 2513.0
  • Tax Book Number: 6323
  • Tax Lot: 359
  • Tax Map Number: 194
  • Tax Year: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2017
Closed on
Jul 21, 2017
Sold by
Thornton Patrick D and Morin Elizabeth A
Bought by
Monga Kamal and Monga Sandhya
Seller's Agent
Clayton Larochelle
Fontaine Family-The Real Estate Leader
Buyer's Agent
Ann Parker
CENTURY 21 Advantage
List Price
$115,000
Sold Price
$102,000
Premium/Discount to List
-$13,000
-11.3%
Current Estimated Value
$302,277

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$200,277
Avg. Annual Appreciation
14.20%
Original Mortgage
$76,500
Outstanding Balance
$41,911
Interest Rate
3.16%
Mortgage Type
New Conventional
Estimated Equity
$254,808

Purchase Details

Listed on
Oct 22, 2011
Closed on
Feb 17, 2012
Sold by
Rioux Jeffrey
Bought by
Thornton Patrick D and Morin Elizabeth A
Seller's Agent
Maurice Rioux
Berkshire Hathaway HomeServices Northeast Real Estate
Buyer's Agent
Jeffrey Mateja
Keller Williams Realty
List Price
$119,000
Sold Price
$100,000
Premium/Discount to List
-$19,000
-15.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.37%
Original Mortgage
$75,000
Interest Rate
3.93%
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 Type Sale Price Title Company
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $76,500 New Conventional
Previous Owner $75,000 New Conventional
Previous Owner $120,400 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2017 07/20/17 Sold $102,000 -11.3% $35 / Sq Ft
05/30/2017 05/30/17 Pending -- -- --
03/09/2017 03/09/17 For Sale $115,000 +15.0% $40 / Sq Ft
02/15/2012 02/15/12 Sold $100,000 -16.0% $32 / Sq Ft
01/01/2012 01/01/12 Pending -- -- --
10/25/2011 10/25/11 For Sale $119,000 -- $38 / 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 $3,096 $97,440 $14,400 $83,040
2023 $2,923 $97,440 $14,400 $83,040
2022 $2,777 $97,440 $14,400 $83,040
2021 $2,754 $97,440 $14,400 $83,040
2020 $2,794 $97,440 $14,400 $83,040
2019 $2,817 $97,440 $14,400 $83,040
2018 $2,794 $97,440 $14,400 $83,040
2017 $2,730 $97,440 $14,400 $83,040
2016 $2,683 $97,440 $14,400 $83,040
2015 $2,667 $97,440 $14,400 $83,040
2014 $2,591 $97,440 $14,400 $83,040
2013 $2,576 $97,440 $14,400 $83,040
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1033489

Maine Listings

APN: LEWI-000194-000000-000359