Seller's Agent in 2019
Brit Vitalius
Vitalius Real Estate Group, LLC
(207) 318-2555
2 in this area
175 Total Sales
8 Spring St Westbrook, ME 04092
Estimated Value: $1,102,661
--
Bed
6
Baths
4,102
Sq Ft
$269/Sq Ft
Est. Value
Highlights
- Property is near public transit
- New Englander Architecture
- 2 Car Detached Garage
- Wood Flooring
- No HOA
- Double Pane Windows
About This Home
As of September 2019Solid building with solid income, this straight-forward and well cared for 6-unit located in Westbrook's bustling downtown is the very essence of an easy to manage investment property. The owner has been leasing furnished rentals here for over 40 years – continue on in that fashion, or find a new way to extract value. Either way, buildings like this are extremely hard to come by.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,566
Year Built
- Built in 1900
Lot Details
- 7,841 Sq Ft Lot
- Level Lot
- Open Lot
Parking
- 2 Car Detached Garage
- Driveway
- Off-Street Parking
- Reserved Parking
Home Design
- New Englander Architecture
- Brick Foundation
- Wood Frame Construction
- Pitched Roof
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 4,102 Sq Ft Home
- 3-Story Property
- Double Pane Windows
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 6 Full Bathrooms
- Bathtub
- Shower Only
Unfinished Basement
- Basement Fills Entire Space Under The House
- Doghouse Basement Entry
- Interior Basement Entry
- Sump Pump
Location
- Property is near public transit
Utilities
- No Cooling
- Forced Air Zoned Heating System
- Radiator
- Heating System Uses Natural Gas
- Heating System Uses Steam
- Gas Water Heater
Listing and Financial Details
- Tax Lot 112
- Assessor Parcel Number WSBR-000033-000000-000112
Community Details
Overview
- No Home Owners Association
- 6 Units
Amenities
- Coin Laundry
- Community Storage Space
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 9, 2019
Closed on
Sep 12, 2019
Sold by
Robert C Margiloff Lt
Bought by
8 Spring Llc
Seller's Agent
Brit Vitalius
Vitalius Real Estate Group, LLC
Buyer's Agent
Bridget King Jason Miller
Bean Group
List Price
$649,000
Sold Price
$650,000
Premium/Discount to List
$1,000
0.15%
Total Days on Market
8
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$452,661
Avg. Annual Appreciation
9.99%
Original Mortgage
$452,000
Outstanding Balance
$402,653
Interest Rate
3.7%
Mortgage Type
Commercial
Estimated Equity
$715,933
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 8 Spring Llc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 8 Spring Llc | $452,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/12/2019 09/12/19 | Sold | $650,000 | +0.2% | $158 / Sq Ft |
| 07/18/2019 07/18/19 | Pending | -- | -- | -- |
| 07/09/2019 07/09/19 | For Sale | $649,000 | -- | $158 / Sq Ft |
Source: Maine Listings
Tax History Compared to Growth
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 | $8,340 | $500,000 | $75,800 | $424,200 |
| 2022 | $7,540 | $416,600 | $63,100 | $353,500 |
| 2021 | $7,428 | $416,600 | $63,100 | $353,500 |
| 2020 | $6,876 | $385,000 | $63,100 | $321,900 |
| 2019 | $6,876 | $385,000 | $63,100 | $321,900 |
| 2018 | $6,389 | $329,100 | $56,200 | $272,900 |
| 2017 | $6,213 | $329,100 | $56,200 | $272,900 |
| 2016 | $6,055 | $329,100 | $56,200 | $272,900 |
| 2015 | $5,911 | $329,100 | $56,200 | $272,900 |
| 2014 | $5,661 | $329,100 | $56,200 | $272,900 |
| 2013 | $5,661 | $329,100 | $56,200 | $272,900 |
Source: Public Records
Agents Affiliated with this Home
-
Brit Vitalius
-
Chris Sullivan
Seller Co-Listing Agent in 2019
Chris Sullivan
Vitalius Real Estate Group, LLC
(207) 730-0884
3 in this area
129 Total Sales
-
Buyer's Agent in 2019
Bridget King Jason Miller
Bean Group
(207) 332-1713
10 in this area
433 Total Sales
Map
Source: Maine Listings
MLS Number: 1423713
APN: WSBR-000033-000000-000112
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing data is derived in whole or in part from Maine Real Estate Information System, Inc. (d/b/a Maine Listings) and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
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