Seller's Agent in 2022
Lauren Jones
F.O. Bailey Real Estate
(207) 781-1111
5 in this area
88 Total Sales
96 Central St Westbrook, ME 04092
Estimated Value: $702,000 - $822,000
9
Beds
3
Baths
3,524
Sq Ft
$211/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- Wood Flooring
- No HOA
- Deck
- Main Floor Bedroom
- Forced Air Heating System
About This Home
As of January 2022Just Listed in Downtown Westbrook: A Three-Unit Income Producing Property with an 11% Cap Rate. The first unit is full-floor apartment that spans 1400+ SF and has 3 very large bedrooms and a 4th smaller bedroom plus a home office space off the expansive kitchen. Units 2 and 3 are mirror apartments upstairs, each with 3 bedrooms, their own back decks, and extra finished space in the attic. When the current owner purchased the property in 2015, he put in all new windows, electric, and plumbing. In 2020 he replaced the boiler and in 2021 installed a new water heater. In the rear of the building is a large parking lot with ample off-street spaces for tenants. Central Street is in the heart of Westbrook and walking distance to the River Walk, Main Street area's Frog & Turtle Restaurant, Mast Landing Brewing Company, and just minutes from the Rock Row development, I-95, and Portland.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,504
Year Built
- Built in 1900
Lot Details
- 4,792 Sq Ft Lot
- Open Lot
Home Design
- Colonial Architecture
- Brick Foundation
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Aluminum Siding
Interior Spaces
- 3,524 Sq Ft Home
- 3-Story Property
Flooring
- Wood
- Tile
- Vinyl
Bedrooms and Bathrooms
- Main Floor Bedroom
- 3 Full Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Dirt Floor
Parking
- Gravel Driveway
- Paved Parking
- On-Site Parking
- Off-Street Parking
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
- Electric Water Heater
Additional Features
- Deck
- City Lot
Listing and Financial Details
- Tax Lot 231
- Assessor Parcel Number WSBR-000028-000000-000231
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- Operating Expense $15,324
- Gross Income $75,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 25, 2023
Sold by
Blue Crown Properties Llc
Bought by
Central St Llc
Current Estimated Value
Purchase Details
Closed on
Apr 13, 2022
Sold by
Dibiase Katrina
Bought by
Blue Crown Properties Llc
Purchase Details
Listed on
Dec 13, 2021
Closed on
Jan 13, 2022
Sold by
96 Central St Llc
Bought by
Dibiase Katrina E
Seller's Agent
Lauren Jones
F.O. Bailey Real Estate
Buyer's Agent
Lauren Jones
F.O. Bailey Real Estate
List Price
$550,000
Sold Price
$580,000
Premium/Discount to List
$30,000
5.45%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.52%
Original Mortgage
$435,000
Interest Rate
3.05%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 31, 2017
Sold by
Kargar Rahaman
Bought by
96 Central Street Llc
Purchase Details
Listed on
Oct 7, 2015
Closed on
Dec 10, 2015
Sold by
Department Of Housing & Urban Dev
Bought by
Kargar Rahaman
Seller's Agent
Julie Chandler
PO-GO REALTY
Buyer's Agent
Jennifer Visscher
Keller Williams Realty
List Price
$85,000
Sold Price
$90,000
Premium/Discount to List
$5,000
5.88%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.36%
Purchase Details
Closed on
Jul 14, 2015
Sold by
1St Alliance Leading Llc
Bought by
Department Of Housing & Urban Dev
Purchase Details
Closed on
Oct 28, 2014
Sold by
1St Alliance Lending Llc
Bought by
1St Alliance Lending Llc
Purchase Details
Closed on
Aug 16, 2005
Sold by
Hodges Paul and Hodges Donna
Bought by
Day Cheryl A and Day Michael
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Central St Llc | -- | None Available | |
| Blue Crown Properties Llc | -- | None Available | |
| Dibiase Katrina E | $580,000 | None Available | |
| 96 Central Street Llc | -- | -- | |
| Kargar Rahaman | -- | -- | |
| Department Of Housing & Urban Dev | -- | -- | |
| 1St Alliance Lending Llc | -- | -- | |
| 1St Alliance Lending Llc | -- | -- | |
| Day Cheryl A | -- | -- | |
| Day Cheryl A | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Dibiase Katrina E | $435,000 | |
| Previous Owner | Day Cheryl A | $132,600 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/21/2022 01/21/22 | Sold | $580,000 | +5.5% | $165 / Sq Ft | |
| 12/15/2021 12/15/21 | Pending | -- | -- | -- | |
| 12/13/2021 12/13/21 | For Sale | $550,000 | +511.1% | $156 / Sq Ft | |
| 12/10/2015 12/10/15 | Sold | $90,000 | +5.9% | $29 / Sq Ft | View Prior Sale |
| 10/19/2015 10/19/15 | Pending | -- | -- | -- | |
| 10/07/2015 10/07/15 | For Sale | $85,000 | -- | $27 / 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 | $6,155 | $369,000 | $78,800 | $290,200 |
| 2022 | $5,587 | $308,700 | $65,600 | $243,100 |
| 2021 | $5,504 | $308,700 | $65,600 | $243,100 |
| 2020 | $5,513 | $308,700 | $65,600 | $243,100 |
| 2019 | $5,513 | $308,700 | $65,600 | $243,100 |
| 2018 | $4,812 | $241,200 | $57,100 | $184,100 |
| 2017 | $4,554 | $241,200 | $57,100 | $184,100 |
| 2016 | $2,745 | $149,200 | $57,100 | $92,100 |
| 2015 | $4,336 | $241,400 | $57,100 | $184,300 |
| 2014 | $4,152 | $241,400 | $57,100 | $184,300 |
| 2013 | $4,152 | $241,400 | $57,100 | $184,300 |
Source: Public Records
Agents Affiliated with this Home
-
Lauren Jones
-
Julie Chandler
J
Seller's Agent in 2015
Julie Chandler
PO-GO REALTY
(207) 650-8927
39 Total Sales
-
J
Buyer's Agent in 2015
Jennifer Visscher
Keller Williams Realty
Map
Source: Maine Listings
MLS Number: 1516498
APN: WSBR-000028-000000-000231
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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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