NOT LISTED FOR SALE

75 Lyman St Westbrook, ME 04092

Estimated Value: $451,000 - $600,000

4 Beds
2 Baths
1,460 Sq Ft
$371/Sq Ft Est. Value

Last Sold December 13, 2024

Last sale price $525,000 $360 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,378/month

7 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • Open Lot
  • Tile Flooring

About This Home

As of December 2024

This Turn key two-unit in Westbrook is ready for its next owner! Fully renovated units. The building sits on a large lot with two driveways and separate entryways. The top floor unit is a 2br leased for $1,800. The first floor unit is owner occupied and will be ready for the buyer to move in or for its new tenant! Perched inside the quiet frenchville neighborhood, this income producing property is central to all the hotspots in Westbrook, the highway, and a quick commute to Portland!

Open Showings with broker Saturday 10/26 and Sunday 10/27 from 10am to 2pm.

Last Agent to Sell the Property

Tyler Hall

Keller Williams Realty Listed on: 10/23/2024

Keller Williams Realty

Last Buyer's Agent

Malachi Winslow

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,212

Year Built

  • Built in 1949

Lot Details

  • 7,405 Sq Ft Lot
  • Open Lot

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • 1,460 Sq Ft Home
  • Multi-Level Property
  • Tile Flooring
  • Unfinished Basement
  • Interior Basement Entry

Parking

  • Driveway
  • Paved Parking

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Oil Water Heater

Listing and Financial Details

  • Tax Lot 106
  • Assessor Parcel Number WSBR-000039-000000-000106

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $4,048
  • Gross Income $50,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,212

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.17
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1460.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1949
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 334.93
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.17
  • Property Information:Total Baths: 2.0
  • Property Information:SqFt Finished Above Grade: 1460.0
  • Property Information:Garage: No
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Roof:Shingle: Yes
  • Heat System:Forced Air: Yes
  • Heat Fuel:Oil: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Interior: Yes
  • Exterior:Vinyl Siding: Yes
  • Gas:Natural - On Site: Yes
  • Basement:Unfinished: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 2
  • Income Expenses Gross Income: 50400.0
  • Income Expenses Operating Expenses: 4048.0
  • Style:Multi-Level: Yes
  • Water Heater:Oil2: Yes
  • Advertising Remarks:Advertising Remarks: This Turn key two-unit in Westbrook is ready for its next owner! Fully renovated units. The building sits on a large lot with two driveways and separate entryways. The top floor unit is a 2br leased for $1,800. The first floor unit is owner occupied and will be ready for the buyer to move in or for its new tenant! Perched inside the quiet frenchville neighborhood, this income producing property is central to all the hotspots in Westbrook, the highway, and a quick commute to Portland!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Interior Entry, Unfinished
  • Full Bathrooms: 2
  • Flooring: Tile

Exterior Features

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

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Utilities: Utilities On, Pole
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7405.2
  • Parcel #: WSBR-000039-000000-000106
  • Zoning: RGA1

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 50400.0
  • Annual Operating Expense: 4048.0

Tax Info

  • Tax Annual Amount: 4212.0
  • Tax Lot: 106
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2024
Closed on
Dec 13, 2024
Sold by
Tomlinson Casey L
Bought by
Moss Catharine
Seller's Agent
Tyler Hall
Keller Williams Realty
Buyer's Agent
Malachi Winslow
Keller Williams Realty
List Price
$489,000
Sold Price
$525,000
Premium/Discount to List
$36,000
7.36%
Views
11
Current Estimated Value
$542,265

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,265
Avg. Annual Appreciation
3.04%
Original Mortgage
$515,490
Outstanding Balance
$509,905
Interest Rate
6.19%
Mortgage Type
FHA
Estimated Equity
$32,360

Purchase Details

Closed on
Oct 7, 2021
Sold by
Cashout Llc
Bought by
Tomlinson Casey L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 24, 2021
Sold by
Bernier Clinton D
Bought by
Cashout Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,750
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Moss Catharine $525,000 None Available
Moss Catharine $525,000 None Available
Moss Catharine $525,000 None Available
Tomlinson Casey L -- None Available
Tomlinson Casey L -- None Available
Tomlinson Casey L -- None Available
Cashout Llc -- None Available
Cashout Llc -- None Available
Cashout Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moss Catharine $515,490
Closed Moss Catharine $515,490
Previous Owner Tomlinson Casey L $405,000
Previous Owner Cashout Llc $273,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/13/2024 12/13/24 Sold $525,000 +7.4% $360 / Sq Ft
10/30/2024 10/30/24 Pending -- -- --
10/23/2024 10/23/24 For Sale $489,000 -- $335 / 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
2023 $4,212 $252,500 $81,600 $170,900
2022 $3,819 $211,000 $68,000 $143,000
2021 $3,762 $211,000 $68,000 $143,000
2020 $3,768 $211,000 $68,000 $143,000
2019 $3,768 $211,000 $68,000 $143,000
2018 $3,277 $168,800 $59,200 $109,600
2017 $3,187 $168,800 $59,200 $109,600
2016 $3,106 $168,800 $59,200 $109,600
2015 $3,032 $168,800 $59,200 $109,600
2014 $2,903 $168,800 $59,200 $109,600
2013 $2,903 $168,800 $59,200 $109,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Maine Listings

MLS Number: 1607654

Maine Listings

APN: WSBR-000039-000000-000106