Antique Two Unit on .3 acre with the potential to be developed into a 7-unit Condominium Development. Also listed as Commercial MLS #1557578 because of development potential part way through the approval process. Currently rented month-to-month at under market rents, this property could be converted back to a single family, kept as a 2 unit and brought up to market rent, or turned into a larger development. Seller will assist buyer with condo development final approval if buyer is interested. The first floor unit offers 2-3 bedrooms and a full bath and the 2nd floor has one bedroom, one bath. Washer Dryer in basement belong to tenants on first floor. Month to month tenants are in place, seller pays for water, sewer, oil, plowing and insurance. Tenants mow. Each unit has one garage bay in the 2-car garage. There will be group showing Friday May 5 from 4:30-6PM as offered in ShowingTime. BY APPOINTMENT ONLY. Please use showingtime.
Closed
$502,000
16 Spring Street, Westbrook, ME 04092
4beds
1,948sqft
Multi Family
Built in 1900
-- sqft lot
$559,700 Zestimate®
$258/sqft
$2,465 Estimated rent
Home value
$559,700
$509,000 - $610,000
$2,465/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: January 13, 2025 at 07:11pm
Listed by:
Keller Williams Realty info@MaineDreamProperties.com
Bought with:
Maine Real Estate Experts
Source: Maine Listings,MLS#: 1557586
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Hot Water, Space Heater
Cooling
- None
Features
- 1st Floor Bedroom, Bathtub
- Flooring: Vinyl, Wood
- Basement: Interior Entry,Partial,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 1,948
- Total interior livable area: 1,948 sqft
- Finished area above ground: 1,948
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Paved, 5 - 10 Spaces, Off Street
- Attached garage spaces: 2
Features
- Stories: 2
Lot
- Size: 0.30 Acres
- Features: Business District, City Lot, Near Shopping, Corner Lot, Level, Open Lot
Details
- Parcel number: WSBRM033L114
- Zoning: Downtown District
- Other equipment: Cable
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding, Wood Siding
- Foundation: Granite
- Roof: Pitched,Shingle
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Community & neighborhood
Location
- Region: Westbrook
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/19/2023 | Sold | $502,000+5.2%$258/sqft |
Source:  Maine Listings #1557586 | ||
| 5/16/2023 | Pending sale | $477,000$245/sqft |
Source: Maine Listings #1557586 | ||
| 5/4/2023 | Contingent | $477,000$245/sqft |
Source: Maine Listings #1557586 | ||
| 5/1/2023 | Listed for sale | $477,000+78%$245/sqft |
Source: Maine Listings #1557586 | ||
| 7/16/2010 | Listing removed | $268,000$138/sqft |
Source: Better Homes and Gardens Real Estate The Masiello Group #959893 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,096 | $305,500 |
| 2023 | $5,096 +19.8% | $305,500 +30% |
| 2022 | $4,254 +1.5% | $235,000 |
Find assessor info on the county website
Neighborhood: 04092
Nearby schools
GreatSchools rating
- 4/10Oxford-Cumberland Canal SchoolGrades: PK-4Distance: 0.5 mi
- 4/10Westbrook Middle SchoolGrades: 5-8Distance: 1.1 mi
- 3/10Westbrook High SchoolGrades: 9-12Distance: 0.4 mi
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$559,700
2% more+ $11,194
With Zillow Showcase(estimated)
$570,894