NOT LISTED FOR SALE

79 Ridgewood Ave Lewiston, ME 04240

-- Bed
6 Baths
5,376 Sq Ft
0.36 Acres

Last Sold May 12, 2022

Last sale price $710,000 $132 Per Sq Ft

7 Days on Market

Highlights

  • No HOA
  • Landscaped
  • Level Lot
  • Forced Air Zoned Heating System
  • Baseboard Heating
  • Carpet

About This Home

As of May 2022

Beautiful and modern, 6-unit apartment building on 0.36 acre lot in quiet and convenient neighborhood. Quality built in 1987, all units feature efficient layouts of 2-bedrooms, 1-bath. Newer roof and updated natural gas heating system, private decks with new glass sliding doors, updated common areas. Great value-add opportunity with below market rents and one current vacancy giving huge upside potential. Group Showings to be scheduled.

Last Agent to Sell the Property

Jon Leahy

J T Leahy Real Estate Listed on: 03/06/2022

Last Buyer's Agent

Bill Bergeron

Fontaine Family-The Real Estate Leader

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,631

Year Built

  • Built in 1987

Lot Details

  • 0.36 Acre Lot
  • Landscaped
  • Level Lot
  • Open Lot

Home Design

  • Concrete Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 6 Full Bathrooms
  • 5,376 Sq Ft Home
  • Multi-Level Property

Flooring

  • Carpet
  • Vinyl

Basement

  • Interior Basement Entry
  • Natural lighting in basement

Parking

  • Driveway
  • Paved Parking

Utilities

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

Listing and Financial Details

  • Tax Lot 039
  • Assessor Parcel Number LEWI-000120-000000-000039

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • Operating Expense $20,000
  • Gross Income $90,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,631

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.36
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Sabattus Street to Ridgewood Avenue. Last property on the right.
  • Above Grade Finished Sq Ft: 5376.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1987
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 111.61
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 0.36
  • Property Information:Total Baths: 6.0
  • Property Information:SqFt Finished Above Grade: 5376.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Site:Well Landscaped: Yes
  • Water Info:Water Frontage2: No
  • Water Info:Water View2: No
  • Construction:Wood Frame: Yes
  • Basement:Daylight: Yes
  • Roof:Shingle: Yes
  • Heat System:Baseboard: Yes
  • Heat System:Forced Air: Yes
  • Heat System:Hot Water: Yes
  • Cooling:None3: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: 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
  • Water Heater:Electric2: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 6
  • Heat System:Multi-Zones: Yes
  • Income Expenses Gross Income: 90000.0
  • Income Expenses Operating Expenses: 20000.0
  • Style:Multi-Level: Yes
  • Roof:Pitched: Yes
  • Basement:Slab2: Yes
  • Advertising Remarks:Advertising Remarks: Beautiful and modern, 6-unit apartment building on 0.36 acre lot in quiet and convenient neighborhood. Quality built in 1987, all units feature efficient layouts of 2-bedrooms, 1-bath. Newer roof and updated natural gas heating system, private decks with new glass sliding doors, updated common areas. Great value-add opportunity with below market rents and one current vacancy.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Daylight, Interior Entry
  • Full Bathrooms: 6
  • Flooring: Vinyl, Carpet

Exterior Features

  • Lot Features: Level, Open Lot, Landscaped, Neighborhood
  • Waterfront: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Concrete Perimeter, Slab
  • Roof: Pitched, Shingle

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Hot Water, Forced Air, 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: 15681.6
  • Parcel #: LEWI-000120-000000-000039
  • Zoning: NCA

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 90000.0
  • Annual Operating Expense: 20000.0

Tax Info

  • Tax Annual Amount: 5631.0
  • Tax Lot: 039
  • Tax Year: 2021

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
05/12/2022 05/12/22 Sold $710,000 +18.3% $132 / Sq Ft
03/14/2022 03/14/22 Pending -- -- --
03/06/2022 03/06/22 For Sale $600,000 -- $112 / 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
2025 $6,532 $199,260 $33,240 $166,020
2024 $6,330 $199,260 $33,240 $166,020
2023 $5,978 $199,260 $33,240 $166,020
2022 $5,679 $199,260 $33,240 $166,020
2021 $5,631 $199,260 $33,240 $166,020
2020 $5,713 $199,260 $33,240 $166,020
2019 $5,761 $199,260 $33,240 $166,020
2018 $5,713 $199,260 $33,240 $166,020
2017 $5,583 $199,260 $33,240 $166,020
2016 $5,488 $199,260 $33,240 $166,020
2015 $5,454 $199,260 $33,240 $166,020
2014 $5,298 $199,260 $33,240 $166,020
2013 $5,268 $199,260 $33,240 $166,020
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Maine Listings

MLS Number: 1521087

Maine Listings