NOT LISTED FOR SALE

997 Sabattus St Lewiston, ME 04240

Estimated Value: $478,842

Studio
3 Baths
2,904 Sq Ft
$165/Sq Ft Est. Value

Last Sold August 02, 2019

Last sale price $235,000 $81 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $2,836/month

18 Days on Market

Highlights

  • Additional Residence on Property
  • Wooded Lot
  • Tile Flooring
  • 4.54 Acre Lot
  • No HOA
  • Forced Air Zoned Heating System

About This Home

As of August 2019

This is a great opportunity to invest in a rental property with both a long time business rental since 1971 and 3 full tenant occupied units. The restaurant business and equipment do not convey with this property. This property is on 4.54 acres with plenty of room to possibly expand. .51 of the property is zoned commercial and the remainder is zoned NCA (single family housing). The income and expenses of the property show significant profit at $39,240+/- income and $15,921+/- in expenses. One rental unit is a 2-3 bedroom single family home while the other two units each with 3 bedrooms are over the restaurant. The restaurant address is 997 Sabattus St. and the other 3 units have Dow Ave. addresses. This lot abuts Buckely St. and Lemaire Ave. but there is only access from the Sabattus St. property. The land could possibly be subdivided.

Last Agent to Sell the Property

Pat Long-Cressey

Fontaine Family-The Real Estate Leader Listed on: 05/20/2019

Last Buyer's Agent

Pat Long-Cressey

Fontaine Family-The Real Estate Leader Listed on: 05/20/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,329

Year Built

  • Built in 1920

Lot Details

  • 4.54 Acre Lot
  • Property fronts a private road
  • Level Lot
  • Open Lot
  • Wooded Lot

Home Design

  • Flat Roof Shape
  • Concrete Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Clap Board Siding
  • Concrete Perimeter Foundation
  • Clapboard

Interior Spaces

  • 3 Full Bathrooms
  • 2,904 Sq Ft Home
  • Multi-Level Property
  • Washer and Dryer Hookup

Flooring

  • Tile
  • Vinyl

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking

Utilities

  • No Cooling
  • Forced Air Zoned Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Additional Residence on Property
  • City Lot

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Tax Lot 184
  • Assessor Parcel Number LEWI-000090-000000-000184

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,329

Year Built

Built in 1920

Lot Details

4.54 Acres

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 4.54
  • Road Frontage Type: Private
  • Road Surface Type: Paved
  • MLS Status: Closed
  • Directions: Take Sabattus St. towards Sabattus. Property is on the right corner of Dow Ave and Sabattus St.
  • Above Grade Finished Sq Ft: 2904.0
  • Architectural Style: Multi-Level
  • Garage Yn: No
  • Year Built: 1920
  • Location Information:Leased Land: No
  • Contract Information:List PriceSqFt: 82.64
  • Property Information:Seasonal: No
  • Property Information:Lot Size Acres -: 4.54
  • Property Information:Total Baths: 3.0
  • Property Information:SqFt Finished Above Grade: 2904.0
  • Property Information:Garage: No
  • Site:Level: Yes
  • Site:Open: Yes
  • Water Info:Water Frontage2: No
  • Construction:Wood Frame: Yes
  • Percent Basement Finished: Yes
  • Basement:Walkout Access: Yes
  • Heat System:Forced Air: Yes
  • Cooling:None3: Yes
  • Floors:Tile2: Yes
  • Floors:Vinyl: Yes
  • Electric:Circuit Breakers: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public3: Yes
  • Driveway:Paved2: Yes
  • Basement Entry:Walk-Out: Yes
  • Roads:Private: Yes
  • Amenities:Laundry - Hookup: Yes
  • Foundation Materials:Poured Concrete: Yes
  • Heat Fuel:Gas Natural: Yes
  • Property Information:Number of Units: 3
  • Exterior:Clapboard: Yes
  • Heat System:Multi-Zones: Yes
  • Parking:On Site2: Yes
  • Style:Multi-Level: Yes
  • Roof:Pitched: Yes
  • Parking:Paved3: Yes
  • Gas:Natural - At Street: Yes
  • Site:Wooded: Yes
  • Property Information:Bank Owned REO: No
  • Roof:Flat: Yes
  • Advertising Remarks:Advertising Remarks: This is a great opportunity to invest in a rental property with both a long time business rental since 1971 and 3 full tenant occupied units. The restaurant business and equipment do not convey with this property. This property is on 4.54 acres with plenty of room to possibly expand. .51 of the property is zoned commercial and the remainder is zoned NCA (single family housing). The income and expenses of the property show significant profit at $39,240+/- income and $15,921+/- in expenses. One rental unit is a 2-3 bedroom single family home while the other two units each with 3 bedrooms are over the restaurant. The restaurant address is 997 Sabattus St. and the other 3 units have Dow Ave. addresses. This lot abuts Buckely St. and Lemaire Ave. but there is only access from the Sabattus St. property. The land could possibly be subdivided. For more information contact Pat at pat@fontaineteam.com or call 207-212-9541
  • Property Information 2 Detached Houses on 1 Lot: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Walk-Out Access, Finished, Full
  • Full Bathrooms: 3
  • Flooring: Vinyl, Tile
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level, Open Lot, Wooded, Intown, Near Shopping, Near Turnpike/Interstate, Near Town
  • Waterfront: No
  • Construction Type: Clapboard, Wood Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Flat, Other, Pitched

Garage/Parking

  • Attached Garage: No
  • Parking Features: 11 - 20 Spaces, Paved, On Site

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Multi-Zones, Forced Air, Hot Air
  • 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: 197762.4
  • Parcel #: LEWI-000090-000000-000184
  • Zoning: HB/NCA

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 3329.0
  • Tax Lot: 184
  • Tax Year: 2018
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
08/02/2019 08/02/19 Sold $235,000 -14.5% $81 / Sq Ft
06/08/2019 06/08/19 Pending -- -- --
05/20/2019 05/20/19 For Sale $275,000 -- $95 / Sq Ft
Source: Maine Listings

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 $3,806 $116,100 $55,320 $60,780
2024 $3,688 $116,100 $55,320 $60,780
2023 $3,483 $116,100 $55,320 $60,780
2022 $3,309 $116,100 $55,320 $60,780
2021 $3,281 $116,100 $55,320 $60,780
2020 $3,329 $116,100 $55,320 $60,780
2019 $3,356 $116,100 $55,320 $60,780
2018 $3,329 $116,100 $55,320 $60,780
2017 $3,253 $116,100 $55,320 $60,780
2016 $3,197 $116,100 $55,320 $60,780
2015 $3,178 $116,100 $55,320 $60,780
2014 $3,087 $116,100 $55,320 $60,780
2013 $3,070 $116,100 $55,320 $60,780
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Maine Listings

MLS Number: 1415241

Maine Listings

APN: LEWI-000090-000000-000184

Your Personal Tour Guide

Ask me questions while you tour the home.