Seller's Agent in 2024
Corey Lee
Real Broker
(207) 314-8443
233 Total Sales
8 Summer St Waterville, ME 04901
Estimated Value: $118,000 - $133,000
5
Beds
3
Baths
2,534
Sq Ft
$50/Sq Ft
Est. Value
Highlights
- Country Club
- No HOA
- Property is near a golf course
- Wood Flooring
- 2 Car Detached Garage
- Level Lot
About This Home
As of May 2024Attention Investors! This massive three unit has the potential to be a cash cow! It features a big 2 bedroom apartment on the main floor with a dining room that could be converted into a possible 3 bedroom. The second floor contains a spacious 2 bedroom, and 1 bedroom unit. The current owner has already installed several new windows, and has several more that would come with the property. They also have some interior doors, sheetrock, and a new hybrid hot water heater as well. Location, location, location. Located on a double lot with a garage this property has plenty of yard space. Conveniently located. Minutes to the revitalized downtown area, Colleges, Hospitals. Highway and local airport. This amazing investment opportunity is awaiting your finishing touches and would make a great summer project!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,239
Year Built
- Built in 1900
Lot Details
- 10,019 Sq Ft Lot
- Level Lot
- Open Lot
Parking
- 2 Car Detached Garage
- Gravel Driveway
Home Design
- Wood Frame Construction
- Shingle Roof
- Aluminum Siding
Interior Spaces
- 3 Full Bathrooms
- 2,534 Sq Ft Home
- Multi-Level Property
Flooring
- Wood
- Laminate
Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Location
- Property is near a golf course
- City Lot
Utilities
- No Cooling
- Heating Available
- No Water Heater
Listing and Financial Details
- Tax Lot 240
- Assessor Parcel Number WAVL-000044-000000-000240
Community Details
Overview
- No Home Owners Association
- 3 Units
Recreation
- Country Club
Building Details
- Gross Income $45,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 29, 2024
Closed on
May 9, 2024
Sold by
Boudreau Jeremy and Boudreau Tambara
Bought by
Dove Services Llc
Seller's Agent
Corey Lee
Real Broker
Buyer's Agent
Sarah Donnell
Plowman Realty Group
List Price
$139,900
Sold Price
$120,000
Premium/Discount to List
-$19,900
-14.22%
Total Days on Market
6
Views
45
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
$6,000
Avg. Annual Appreciation
4.80%
Original Mortgage
$225,000
Outstanding Balance
$222,825
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$96,825
Purchase Details
Closed on
Jun 17, 2022
Sold by
Sirabella Michael
Bought by
Boudreau Jeremy and Boudreau Tambara
Purchase Details
Closed on
Mar 23, 2010
Sold by
Fournier Francis J
Bought by
Sirabella Michael
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,400
Interest Rate
5.05%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 4, 2009
Sold by
Waterville Town Of
Bought by
Fournier Francis
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 |
|---|---|---|---|
| Dove Services Llc | $120,000 | None Available | |
| Dove Services Llc | $120,000 | None Available | |
| Boudreau Jeremy | -- | None Available | |
| Boudreau Jeremy | -- | None Available | |
| Sirabella Michael | -- | -- | |
| Sirabella Michael | -- | -- | |
| Fournier Francis | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Dove Services Llc | $225,000 | |
| Closed | Dove Services Llc | $225,000 | |
| Previous Owner | Sirabella Michael | $245,000 | |
| Previous Owner | Sirabella Michael | $50,400 | |
| Previous Owner | Fournier Francis J | $81,340 | |
| Previous Owner | Fournier Francis J | $34,860 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/13/2024 05/13/24 | Sold | $120,000 | -14.2% | $47 / Sq Ft |
| 04/05/2024 04/05/24 | Pending | -- | -- | -- |
| 03/29/2024 03/29/24 | For Sale | $139,900 | -- | $55 / 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 |
|---|---|---|---|---|
| 2024 | $2,278 | $113,900 | $11,200 | $102,700 |
| 2023 | $2,239 | $112,500 | $11,200 | $101,300 |
| 2022 | $1,528 | $59,100 | $8,400 | $50,700 |
| 2021 | $1,507 | $59,100 | $8,400 | $50,700 |
| 2020 | $1,522 | $59,100 | $8,400 | $50,700 |
| 2019 | $1,522 | $59,100 | $8,400 | $50,700 |
| 2018 | $1,493 | $59,100 | $8,400 | $50,700 |
| 2017 | $1,379 | $59,100 | $8,400 | $50,700 |
| 2016 | $1,347 | $59,100 | $8,400 | $50,700 |
| 2015 | $1,712 | $61,600 | $9,600 | $52,000 |
| 2014 | $1,688 | $61,600 | $9,600 | $52,000 |
| 2013 | $1,688 | $61,600 | $9,600 | $52,000 |
Source: Public Records
Agents Affiliated with this Home
-
Corey Lee
-
Sarah Donnell
S
Buyer's Agent in 2024
Sarah Donnell
Plowman Realty Group
(207) 274-3733
66 Total Sales
Map
Source: Maine Listings
MLS Number: 1585242
APN: WAVL-000044-000000-000240
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