Seller's Agent in 2019
Brit Vitalius
Vitalius Real Estate Group, LLC
(207) 318-2555
6 in this area
176 Total Sales
8 Spring St Westbrook, ME 04092
Estimated Value: $1,135,691
--
Bed
6
Baths
4,102
Sq Ft
$277/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.
Last Buyer's Agent
Bridget King Jason Miller
Bean Group
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%
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
$485,691
Avg. Annual Appreciation
9.60%
Original Mortgage
$452,000
Outstanding Balance
$396,726
Interest Rate
3.7%
Mortgage Type
Commercial
Estimated Equity
$738,965
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 | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
7 in this area
128 Total Sales
-
B
Buyer's Agent in 2019
Bridget King Jason Miller
Bean Group
Map
Source: Maine Listings
MLS Number: 1423713
APN: WSBR-000033-000000-000112
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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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