December 2012 RER by Renee St. Jean

December 2012

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Connecting you with your community

A complete guide to homes, rentals and real estate in Central Maine and the surrounding area

MIRROR POND, OXFORD

This wonderful post and beam home offers sandy waterfront on Mirror Pond, large lot, water views, cathedral ceilings, custom kitchen, spacious bath with jetted tub, open floor plan, radiant heat, and more! Swim, fish and enjoy!

BELANGER REALTY Terry Hewitt • 240-9196

RUMFORD

METICULOUS

3 bedroom home with 2 car detached garage, landscaping is pristine, gorgeous home. PRUDENTIAL NORTHEAST PROPERTIES Shelia Delamater • 212-7405 $175,000

WE’RE ONLINE

www.MaineHomeseller.net

TO ADVERTISE in this booklet call 1-800-482-0759

207-344-3250

195 Center Street Auburn, ME 04210

www.janjacques.com

Reduced $299,000 Sevivon, Sov, Sov, Sov

Open-concept w/birch & maple kitch, FP in dining & living rooms, 1st fl master suite w/ whirlpool. Extra garage w/lift!

Fairview

$330,000

Happy Kwanzaa

Must See

$200,000

Frosty The Snowman

3 Floors of living! Woodmode kitchen, 3 bedrooms, 2 baths, walk-out finished basement opens to patio & gardens.

Reduced

$200,000

Buon Natale

Recently remodeled Cape complete with 2 fireplaces, 3 beds, 2 baths, in-ground pool, 2 car garage & 2.5 acres.

Must See

$170,000

Deck The Halls

All new roof, siding, windows, doors & Buderus boiler! Master bedroom suite on 1st floor. Rumford area.

Waterfront

$779,000

Merry Christmas...

Updates

Waterfont

Year-round chalet w/100’ of lakefront. Open-concept, cathedral ceilings, 1st floor master, deck, dock & 2 car garage.

Charming $250,000 Festival of Lights

Unique home w/many updates. HW floors, built-ins & rec. lighting. Dining accesses deck w/elevated vantage point.

$299,900

Peace On Earth

High ceilings, 3 FPs, expanded kitchen & old fashioned pantry. Newer boiler, roof, siding & fresh paint. Big value per sq ft!

Reduced

$460,000

Winter Wonderland

$289,000

Bates Area

$290,000

Joy To The World

Newer boiler, deck & more updates in this lovely 1890 Greek Revival near Bates. Big modern kitchen, 3 fps & screen porch!

Double Lot

$315,000

..And A Happy New Year! Dreidel Dreidel Dreidel

4 beds and 3 floors of living One-of-a-kind home! Mahogany Large granite & tiled kitchen 3500 sq. ft. of living, cherry & space! Fin. walk-out basement. floors, high ceilings custom w/cath. ceiling, fp & access to pegged oak hw floors. 2 family Deck & ultimate in-ground kitchen, gorgeous master suite large deck & pool. New carpeting rms, 2 fps, 4 beds & screened pool! End of quiet cul-de-sac. indoor pool & waterfront! throughout & finished basement. porch. All on double lot!

Reduced

$225,000

Season’s Greetings

Waterfront

$225,000

Jingle Bells

Cath. ceilings & fabulous Year-round chalet w/100’ of fireplace. Fully applianced oak lakefront. Open-concept, cathekitchen w/granite countertops, dral ceilings, 1st floor master, 4 bedrooms and so much more. deck, dock & 2 car garage.

2 Acres

$165,000

Feliz Navidad

Privacy

$179,000

To-Be-Built

$150,000

Happy Hanukka

This adorable ranch can be a dream come true. Come view the lot & choose the plans that meet your needs!

2unit/in-law $165,000

Kwanzaa: Fruits Of The Harvest Silent Night Simply darling interior! Step Open-concept w/cathedral Two or 3 beds up, plus 2 beds & ceiling, 3 bedrooms & 2 baths. inside & see for yourself. Great extra kitchen down. Deck & two covered front porch & yard in year-round spot for summer & sheds. Convenient to Brunswick, winter recreation enjoyment! private setting near lakes. shopping and 295.

Real Estate Review

Beautiful

$395,000

Winter Solstice

This one-of-a-kind home awaits your viewing. Meticulously maintained both inside & out. Spacious living on 3 floors!

2 Unit

$134,900

A Hanukkah Wish For You

Spacious sunny rooms plus enclosed & open porches are features of this 2 & 3 bedroom mulitifamily. New boiler too!

December 2012

681 Sabattus Street, Lewiston

Broker/Owner

Norm & Denise Brodeur (207) 376-4830

LegacyRealty@Legacy-Realty.com

NEW LISTING!

BEGIN'S MOBILE HM. PK.

OFFICE/RESIDENTIAL

DYER ROAD LOCATION

A BEAUTIFUL HOME! Kitchen w/Granite Counters, 3 BDRM., 2.5 BA. Formal DR, LR w/ pellet stove. Master Suite! Large Fam. Rm.+ 3 CAR GARAGE! MLS #1073754 NORM 754-6060 $281,700

MOVE IN READY! Immaculate mobile located in Sabattus - 2 beds, 1 full bath, kitchen w/ lovely oak cabinets, sunny living room & separate laundry room! Fresh paint & new carpet throughout! Shed stays! MLS #1072899 LAURA 207-333-2321 $28,000

Currently a DRIVING SCHOOL + 2 APTS. Finished 1440 sq.ft. barn. Plenty of parking w/great visibility! (BUSINESS NOT FOR SALE) MLS#1063038 NORM 754-6060 $235,000

CONTEMPORARY 4 BR/2BA CAPE. Kitchen w/Corian & stainless steel appl. 3-season rm, garage for +-6 vehicles! In-ground pool. MLS #1065551 NORM 754-6060 $225,000

GENTLEMAN'S HORSE FARM

EQUESTRIAN CENTER w/indoor riding arena. 13 stalls w/possible 18! TWO LARGE apts. Located in Manchester. MLS #1048143 NORM 754-6060 $495,000

e are deeply appreciative of your trust & business

May the holidays bring special blessings to you and yours.

BATES COLLEGE AREA

LOVELY 3-4 BR w/Master Suite. UPDATED kitchen, large living & dining rooms. On cul-de-sac w/+-.78 acre lot. MLS #1066553 NORM 754-6060 $239,000

Preparing Your Home for Your Move 1. Take the necessary steps to transfer memberships in clubs and organizations. 2. Inform creditors and credit companies of your change of residence. 3. Change your address at the Post Office 4. Notify insurance companies. Be sure to have proper coverage if you are moving to a new state. 5. Notify the utility companies of your new address for final billing and advise them of which date to discontinue service: gas, electric, telephone and water.

December 2012

Real Estate Review

If you are shopping for a home today, be sure to: Pre-qualify for a mortgage Beware of deals that sound too good to be true Compare apples to apples Check Sun Journalâ&#x20AC;&#x2122;s Real Estate Review And remember, at the end of the day, the decision to buy a home is a personal one that needs to factor in your own financial situation and lifestyle preference. While historically, real estate has usually appreciated in value over the long term, no one can predict the perfect time to buy.

Real Estate Review

December 2012

Why You Should Work With a REALTOR Not all real estate practitioners are REALTORS®. The term REALTOR® is a registered trademark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION of REALTORS® and subscribes to its strict Code of Ethics. Here are nine reasons why it pays to work with a REALTOR®.

You’ll have an expert to guide you through the process. Buying or selling a home usually requires disclosure forms, inspection reports, mortgage documents, insurance policies, deeds, and multi-page settlement statements. A knowledgeable expert will help you prepare the best deal, and avoid delays or costly mistakes.

Get objective information and opinions. REALTORS® can provide local community information on utilities, zoning, schools, and more. They’ll also be able to provide objective information about each property. A professional will be able to help you answer these two important questions: Will the property provide the environment I want for a home or investment? Second, will the property have resale value when I am ready to sell?

Find the best property out there. Sometimes the property you are seeking is available but not actively advertised in the market, and it will take some investigation by your REALTOR® to find all available properties.

Benefit from their negotiating experience. There are many negotiating factors, including but not limited to price, financing, terms, date of possession, and inclusion or exclusion of repairs, furnishings, or equipment. In addition, the purchase agreement should provide a period of time for you to complete appropriate inspections and investigations of the property before you are bound to complete the purchase. Your agent can advise you as to which investigations and inspections are recommended or required.

Property marketing power. Real estate doesn’t sell due to advertising alone. In fact, a large share of real estate sales comes as the result of a practitioner’s contacts through previous clients, referrals, friends, and family. When a property is marketed with the help of a REALTOR®, you do not have to allow strangers into your home. Your REALTOR® will generally prescreen and accompany qualified prospects through your property.

Real estate has its own language. If you don’t know a CMA from a PUD, you can understand why it’s important to work with a professional who is immersed in the industry and knows the real estate language.

REALTORS® have done it before. Most people buy and sell only a few homes in a lifetime, usually with quite a few years in between each purchase. And even if you’ve done it before, laws and regulations change. REALTORS®, on the other hand, handle hundreds of real estate transactions over the course of their career. Having an expert on your side is critical.

Buying and selling is emotional. A home often symbolizes family, rest, and security- it’s not just four walls and a roof. Because of this, home buying and selling can be an emotional undertaking. And for most people, a home is the biggest purchase they’ll ever make. Having a concerned, but objective, third party helps you stay focused on both the emotional and financial issues most important to you.

Ethical treatment. Every member of the NATIONAL ASSOCIATION of REALTORS® makes a commitment to adhere to a strict Code of Ethics, which is based on professionalism and protection of the public. As a customer of a REALTOR®, you can expect honest and ethical treatment in all transaction-related matters. It is mandatory for REALTORS® to take the Code of Ethics orientation and they are also required to complete a refresher course every four years.

This information is provided by the Androscoggin Valley Board of REALTORS® and the NATIONAL ASSOCIATION of REALTORS® Reprinted from REALTOR® magazine (REALTOR.org/realtormag) with permission of the NATIONAL ASSOCIATION OF REALTORS®.

December 2012

Real Estate Review

Take A Bite Out Of Closing Costs How to Save If You’re Buying a New Home or Just Refinancing As anyone who has shopped around for a mortgage knows, it’s extremely difficult to compare one lender’s offering with that of another lender because the upfront fees vary so much and are not guaranteed. Lenders can and sometimes do, add or inflate fees in the eleventh hour of a transaction. The U.S. Department of Housing and Urban Development (HUD) has been working on regulations that promise to simplify the mortgage process and save consumers as much as $1,000 off a typical mortgage transaction. When such rules will be rolled out, if ever, is still anyone’s guess. With no regulation in sight, borrowers should consider these strategies for keeping their closing costs in check. Get friendly with your current lender If you’re looking into refinancing, the first call you should make is to your existing lender, who already has critical information about you and your house on file. Since you have a relationship, a streamlined process might be possible. This can save you a lot of extra paperwork and money on everything from application fees to appraisal fees. Closing costs are certainly a consideration for both new loans and refinancing, but keep the big picture in view. It’s important not to lose sight of what your first priority should be - getting the lowest rate possible. The difference between paying say 6 percent and 5.5 percent on a new loan ads up to nearly $23,000 in total interest on a $200,000 30-year loan. If you have to pay a few hundred dollars in closing costs to get that rate, you can be assured it is a worthy investment. It may even be worth it to pay a point up front in order to lock in the lowest rates. If you can knock your rate down to 5 percent on that $200,000 loan by paying an extra point ($2,000) up front. Consider that you will cut $62 off your monthly payment and about $22,000 from total interest by going from 6 percent to 5.5 percent, it makes sense as long as you plan to stay in the house long enough to recoup those upfront costs. If you’re short on cash, you might consider rolling the closing costs into your loan. You’ll want to factor in how much more you’ll pay each month as well as in interest over the life of the loan.

Real Estate Review

December 2012

207-344-3250 Visit

www.JanJacques.com to view visual tours, interior photos and ALL Maine listings.

195 Center Street Auburn, ME 04210

From Jan Jacques & Company

Private Peninsula

$359,999

All I want for Christmas... Year round, sunny, private 3+ acre lot is located on the water’s edge with views from every room. It offers 2 or 3 bed, 2 bath, 1st floor laundry, plus screened porch and dock.

Owner says “Sell it” $99,000 Colorful candles burning bright... Don’t miss out on this adorable, well-kept, New Auburn Ranch w/ updated eat-in kitchen w/ white cabinets, updated full bath, newer roof! Enjoy the private deck and backyard!

December 2012

New Listing

$159,000

... is my two front teeth! Well maintained split level home offering 2-3 bedrooms, 2 bathrooms, eat-in kitchen with dining open to living room. 1st floor master, 1st floor laundry & deck off family room!

Priced to sell!

$150,000

... each lit on eight very special nights. Country setting near town! Tin ceilings, hardwood floors, 3 bed, 1 1/2 bath, cozy 3 season sun room and two 2 car garages on 4+ acres with stone fences and beautiful pastures.

Real Estate Review

WWW.TEAMLITALIEN.COM

LEWISTON

Gorgeous & Spacious Cape in Lewiston. Features 5 bedrooms, 2 baths, hardwood, built-ins, formal dining, 2 car attached garage, 3 season porch & newer shingles. #1065554. Only $149,900! Call Roy at 754.6789 8+ ACRES

Own your own business! Building w/ approx 4000 sq. ft. in Sabattus. Features approx 9 private wooded acres, 2 kitchens, 2 wet bars, 2 dance halls, 3 bathrooms, gorgeous rock fireplace & gorgeous views of Sabattus Lake. Ideal for hall rentals, receptions, reunions, catering, flea markets & more! #1061912 $125,000. Call Roy 754.6789 NEW LISTING

1994 ranch in Minot with gorgeous 2005 in-law apartment! Features 2 acres, deck, 2 car attached garage with breezeway, 2 car garage under, woodstove, pine floors, hot tub and more! Lots of room here for your toys! #1068488 Only $215,000! Roy 754.6789 Century 21 AdvantaRoy 754-6789ge • 506Street, Main Street, Lewiston Century 21 Advantage • 506 Main Lewiston Real Estate Review

• WWW.TEAMLITALIEN.COM

Awesome 2009 custom built Colonial in Auburn near country club & turnpike. Offers approximately 3,000 sq. ft., 5 bedrooms, 3 baths, open concept, master suite, gorgeous granite counters & hardwood floors, 1st floor laundry, porch & 2 car garage. #1052073. Only $229,900! Call Laura at 212.8633

WWW.TEAMLITALIEN.COM

• WWW.TEAMLITALIEN.COM

AWESOME 2009 COLONIAL!

December 2012

• WWW.TEAMLITALIEN.COM

GORGEOUS 2004 CONTEMPORARY!

AUBURN

Gorgeous gambrel in Poland. Features 1.4 acres, in-ground pool, patio, 2 car attached garage, landscaping, 3 bedrooms, 2 baths, formal dining, pellet stove, 1st floor laundry & mudroom. Only $215,000! Roy 754.6789

Beautiful 2004 Contemporary in Lewiston. Features 2 car attached heated garage, deck, patio, gorgeous hardwood & tile, fireplace, formal dining, central vac, huge bonus room above garage & more. A great neighborhood! #1051929. Only $217,500! Roy 754.6789

Lovely Cape in Auburn. Features 8+ acres, awesome country setting, In-law apt, 2 car detached garage, 3 car detached garage, tons of storage, pellet stove, porch, deck and more! #1069432 ONLY $175,000! Roy 754.6789

LISBON FALLS

LEWISTON

AUBURN

LEWISTON

Completely remodeled Raised Ranch in Lisbon Falls. Features 5 bedrooms, 2 full baths, stainless steel custom kitchen...everything is brand new! #1066290 ONLY $149,900! Call John at 754.9492

Gorgeous & Spacious Cape in Lewiston. Features 5 bedrooms, 2 baths, hardwood, built-ins, formal dining, 2 car attached garage, 3 season porch & newer shingles. #1065554 ONLY $149,900! Call Roy at 754.6789

Gorgeous 2007 home in Auburn! Features 1/2 acre, 1 car garage, patio, 3 bedrooms, 2 baths & more. Nestled in a subdivision w/ cul-de-sac. #1062031 ONLY $137,500! Laura 212.8633

Ranch in a wonderful neighborhood in Lewiston! Offers 2 car garage, deck, private back yard, finished daylight basement, tile flooring, 4 bedroom, 2 baths & more! #1067243 ONLY $156,500! Roy 754.6789

NEW LISTING!

FULLY RENTED

TO BE BUILT CONDO IN AUBURN!

SABATTUS

Awesome Ranch in Sabattus. Features 3 bedrooms, new roof, windows, doors, paint flooring and more! Partially finished basement and attached heated garage! # 1057960 ONLY $149,900! Call Laura 212.8633

Well kept fully rented 3 unit in Lewiston. Features 3 car garage, ample parking, nice yard, laundry hook-ups, porches & newer furnace. #1057487 ONLY $114,900! Roy 754.6789

Features quiet intown location, 25 common acres, 2 car garage, 2 bedrooms, hardwood & more. Close to shopping! $199,000. Call Mike at 212.3684 For more details.

WHY RENT?

8+ ACRES

NEW LISTING!

Attractive and updated cape. Centrally located near bus terminal and all in town amenities. Newer windows, siding, roof, flooring. Why rent when you can own this lovely home!! #1066092 ONLY $55,000! John 754.9492

Own your own business! Building w/ approx 4000 sq. ft. in Sabattus. Features approx 9 private wooded acres, 2 kitchens, 2 wet bars, 2 dance halls, 3 bathrooms, gorgeousrockfireplace&gorgeousviewsofSabattusLake. Ideal for hall rentals, receptions, reunions, catering, flea markets & more! #1061912 $125,000. Call Roy 754.6789

Gorgeous ranch in Lewiston. Features garage, deck vinyl siding and windows, 3 season porch, formal dining, propane fireplace, hardwood floors & more. Move in ready! Only $109,900! John 754.9492

Private wooded lot with workshop/garage. Perfect for Mechanic with highway visibility. The home needs some TLC. Has new well in 2008 and great location... possibilities endless! ONLY $59,900! John 754.9492

NEW LISTING!

RIVER FRONT!

LEWISTON

TURNER

Gorgeous mobile in Minot. Features 9 acres, atv/snowmobile trails, 2 sheds, portable car port & deck. Mobile has been tastefully remodeled & is being sold furnished. #1074946 ONLY $85,000! Call Roy at 754.6789

Cute river front property in Auburn. Features hardwood floors, upd kitchen, formal dining, built-ins, deck, fenced in back yard & awesome water views!! #1049302 ONLY $65,000! Laura 212.8633

Gorgeous fully rented 2 unit in Lewiston. Features garage, fenced in yard, 3 season porch, vinyl windows and siding and more! Awesome owner occupy!! #1070356 ONLY $89,900! Roy 754.6789

Gorgeous 1999 ranch In Turner. Features 2.5acres,awesomeviews,deck,3bedrooms & more! MLS # 1071840 ONLY $149,900! John 754.9492

1993 double wide in Sabattus. Features approx. 1 acre, 2 car garage, fenced in backyard, 3 bedrooms, 2 baths & more! # 1070896 ONLY $89,900! John 754.9492

• WWW.TEAMLITALIEN.COM

WWW.TEAMLITALIEN.COM

AWESOME 2009 COLONIAL!

WWW.TEAMLITALIEN.COM

NEW LISTING!

Century Century 21 AdvantaRoy 21 Advantage 754-6789ge • 506 Main • 506Street, Main Street, Lewiston Lewiston

December 2012

Real Estate Review

Bob Brickel 650-8209

506 Main Street Lewiston, ME 04240

ree

rly F Nea nance e int Ma

nt fro os n ea d Oc Con

Immaculate 2 bedroom home Nearly maintenance free! 2 car garage, vinyl siding, enclosed porch. Great location, central location with many upgrades. $93,000

y ctl rd re fe te Ya P va Pri Luxurious condos with great views of Penobscot Bay. Quality construction in one of Maine's finest condo development. Deep water, docks, deck and patio, 4 1/2 baths and many extras! Call For Pricing Details!!

Lovely Cape with three bedrooms one and a half bath, two car attached garage. Beautiful glass enclosed sun porch that looks out onto the pool. Family sized home with many amenities! $200,000

Shopping for a Maine home is simple at Real Estate Review

December 2012

T ER R Y H EWITT

BELANGER REALTY Visit: www.TerryHewitt.com

Terry Hewi

for ALL current listings in Maine

998-4516 Ext. 203

Cell: 207-240-9196

EMAIL: RealEstateWithTerryHewitt@gmail.com

POLAND

Quality built home on a quiet dead end road, wood and tile floors, 2 large bathrooms, large family room, nice oak kitchen, 2.8 acres of privacy, seasonal water views, deck and much more. Seller has short sale approval!!

$164,900

THOMPSON LAKE BEAUTY

Gorgeous year-round home offers wood & tile floors, stone fireplace, 3 or 4 bedrooms, HUGE custom kitchen and dining area, large master suite, 2 full baths, expansive water views, patio and deck area, tar drive, sandy waterfront on pristine Thompson Lake.

$349,900

WHITNEY POND

This classic Maine Cottage on Whitney Pond offers 4 bedrooms, large deck, wonderful water views, sandy bottom for great swimming, woodstove, wood floors, year round access, large lot and much more!

$189,000

COMMERCIAL LOT MECHANIC FALLS

Real Estate with a diff different erent point of view...Yours!

THOMPSON LAKE

2 car garage with guest quarters on Pristine Thompson Lake. 8.3 acres of peace and serenity. 200 feet of deep water frontage. 2 huge decks, fieldstone fireplace, tar drive, outbuilding, and much more. A must see!

$399,000

WONDERFUL LOCATION OXFORD

Over 5 acres of peace and serenity. Watch the wild life from your front door. This newly updated ranch offers, open floor plan, new flooring, new roof, recently painted, 3 bedrooms and 1.5 baths. Affordable living loaded with extras!

$119,000

MIRROR POND OXFORD

$219,900

POLAND

Quality home offers wrap around covered porch, grand fireplace, wood and tiles floors, sunroom, decks, 2 baths, formal dining room, large barn + 2 car garage, Pastoral views of Tripp Lk. Gorgeous woodwork,updated systems, was used as B&B at one time.

$179,000

THOMPSON LAKE

This quality built, immaculate, year-round home with expansive Thompson Lake & Mt. views from almost every room offers 4 large bedrooms, open floor, cathedral ceilings, 420 feet of waterfront, 2 dock systems, HUGE garage.

$449,000

WHITNEY POND

This Wonderful year-round Post and Beam home on Whitney Pond offers screened porch, deck,3 wood stoves, wood & tile floors, 2 baths, cathedral ceilings, exposed beams, 1st floor master, tar drive, huge garage, plus much more!

$289,000

LAND

Great Level parcel of land for any business or commercial venture. Public water at the street, 3 phase electric, 812 feet of frontage on the Lawrence And Atlantic Railroad, Public sewer nearby. Heavily traveled State road .........................................................................................................................................................................$195,000

WATERFRONT THOMPSON LAKE

This 33 acre property offers 2 islands with a small cabin & out house, boat mooring, rights to a wonderful sandy beach on Pristine Thompson Lake stone walls & much more! This is a great way to own unique piece of Maine waterfront at an affordable price...........................................................................................................$149,000

OVER 8 ACRES WITH VIEWS on Thompson Lake plus OWNED waterfront for you enjoyment. Boat, swim and enjoy one Maineâ&#x20AC;&#x2122;s nicest Lakes. ..........$174,900 AFFORDABLE LAND LOTS

Affordable Mobile friendly lot, Lots of privacy, Dead end road POLAND.........................................................................................................................................$19,900

1.6 ACRE LOT IN A GREAT LOCATION, dead end paved Road, Lot is High and Dry, surveyed and ready to be built on in MECHANIC FALLS........... $19,900 LOTS WITH A VIEW BUILD YOUR DREAM HOME on this Nice 10+- acres with rolling field views. Nice location in BUCFIELD........................................................................$39,000 WONDERFUL VIEW LOT IN MINOT, Lot is partially cleared and circular driveway has been completed. The impact fee has been paid. This gorgeous piece of land is ready for you to build your dream home!! .................................................................................................................................. $54,900

Visit: www.TerryHewitt.com for ALL current listings in Maine

December 2012

Real Estate Review

Which one is right for YOU? mainehomeseller.net

Real Estate Review

December 2012

“An independently owned and operated member of BRER Affiliates Inc”

Worden Office • 473 Center Street • Auburn, Maine 04210 Enjoy the Holidays

This spot is being reserved especially for your listing Mary Ann Norcross 577-2754

WEST SUMNER VILLAGE 1064007 New England farmhouse in West Sumner Village, .29 acre, 3 bedrooms, priced for quick sale! $50,000 Call Sheila 212-7405

December 2012

CARTHAGE WORTHLEY POND 1066189 Gorgeous year round home 1068581 Modular in excellent condition, 1.70 acre, rural, on 30 acres w/95’ water frontage attached 2 bay garage. on Worthley Pond. 4 bay garage, Numerous updates. $129,900 overhead apartment $384,900 Call Sheila 212-7405 Call Sheila 212-7405

R RF

E AT W

PERU 1059974 LOG HOME on 1.72 acre lot with detached 28x32 2 bay garage plus carport. Gorgeous spot! $136,900 Call Sheila 212-7405

RUMFORD 1058120 meticulous 3 bedroom home w/2 car detached garage, landscaping is pristine, gorgeous home. $175,000 Call Sheila 212-7405

Sheila Delamater 212-7405

V N.

1060467 OFF TURNPIKE! Washington Street gargae has 5-8 overhead doors, large paved lot, 3 furnaces, 3 offices. $219,000 Call Mary Ann 577-2754

Happy Holidays!

1064292 Home on Togus Pond completely rebuilt, has 3 bedrooms, 2 baths, all appliances, generator, gas stove and more. $193,500 Call Mary Ann 577-2754 30

1059568 A 4 bedroom, 2.5 bath tri-level has family room, fireplace, garage with storage and big yard with patio. $148,800 Call Mary Ann 577-2754

1065201 Bank owned, BANK WILL FINANCE 100%, FOR BUYER, 3-4 bedroom home has 2.5 baths. Fairview area, huge yard. $104,900 Call Mary Ann 577-2754

1069410 Recently painted 2 bedroom condo with all appliances, private deck and garage, pets allowed. $113,500 Call Mary Ann 577-2754

1053020 Both a new kitchen, a new roof and windows in 3 bedroom ranch near St. Mary’s Hospital. $105,000 Call Mary Ann 577-2754

RUMFORD PERU 1060428 3 bedroom, 2 bath 1039358 170’ frontage on Worthley Pond. A year round 1989 New Englander. Hardwood Saltbox 3 bedroom home. Tons floors, new Buderus furnace, new roof, gorgeous porch. of glass, great views, skylights, $79,900 cathedral ceiling, .92 acre. Call Sheila 212-7405 $269,000 Call Sheila 212-7405

Real Estate Review

HOW MUCH CAN I AFFORD TO SPEND? For a general idea of your buying power, multiply your annual gross income by 2Â˝. For example, if you had a household income of $50,000, you might be able to qualify for a $125,000 home. The actual number may be more or less, depending upon your individual situation, debts and credit history. You need to decide for yourself if you can live comfortably with the amount of your suggested monthly mortgage payment. However, mortgage lenders generally use two ratios to help determine how much you can afford to spend each month on your mortgage payment.

HOUSING EXPENSE RATIO As a general guide your monthly mortgage payment should be less than or equal to a percentage of your income, usually about a quarter of your gross monthly income. The percentage can change depending on the type of mortgage you choose. However, there are mortgage products available that focus solely on the debt-to-income ratio. Your lender can provide more information on these types of mortgage products.

DEBT-TO-INCOME Debt-to-Income Ratio is the percentage of gross monthly income that goes toward paying for your monthly housing expense, installment debts, alimony, child support, car payments, and payments on revolving or open-ended accounts such as credit cards. Your buying power can be affected by factors such as your income, debt and credit history. Your debt, such as credit card bills and car loans, and other expenses such as housing expenses, alimony and child support, should not be more than about 30-40% of your gross income.

Some helpful hints... ! Set a budget with your estimated mortgage payment. Make sure to include taxes and insurance in your estimated payments. ! Remember your housing budget should include utility costs and a set amount for future home maintenance and repair costs. ! Make sure you can meet your other financial goals, such as saving for retirement and paying for college tuition. ! Once you review your finances, select a mortgage amount that allows you to reasonably meet your long-term goals and needs.

Real Estate Review

December 2012

n o i t n Atte

Business Owners Business loans available up to

$250,000.00

equal opportunity lender

Are you expanding, purchasing state-of-the-art equipment, upgrading your machinery, thinking of starting a new company or even looking for a new business home? Contact Stephanie Lewis to learn more. slewis@economicgrowth.org

• Prime 5.33 acre lot in Lewiston Industrial Park, a mile from Exit #80. • Site is graded and pad ready for building construction. • Fully permitted & approved for 150’ x 300’ or 48,000 sq. ft. building. • Public water & sewer, 3-phase power, natural gas already installed.

Lewiston Development Corporation 207-784-0161 • www.economicgrowth.org

December 2012

Real Estate Review

ARE YOU LOOKING TO...

Buy a New Home?

Refinance an existing Home?

At Rainbow, “We are here for you!” Let us see what we can do for you. Call for a mortgage appointment or apply online!

4 conveniently located branches to better serve YOU! Rainbow FCU Main Office 381-391 Main St. Lewiston 784-5435 784-5453

Mechanic Falls Branch Auburn Office South Paris Branch 20 Washington St., Auburn 1 Lewiston Street, McFalls 172 Pine Street, So. Paris 207-783-0351 346-3001 207-883-0351 743-5410

www.JerryDouglassRealty.com • www.JerryDouglassRealty.com • www.JerryDouglassRealty.com

Real Estate Review

When You REALLY Want TO SELL OR BUY Call (207) 782-2209

Serving the Central Maine area for over 30 Years www.JerryDouglassRealty.com • www.JerryDouglassRealty.com • www.JerryDouglassRealty.com

Owners Pride

shown throughout this 3 bedroom 2004 Lisbon Colonial. Large Family room, hardwood floors, dining room & manicured lot. Back deck overlooks large, private backyard. Call Jerry

Large Sabattus

home offers lots of space! Family room w/ fireplace, 4 bedrooms, laundry room, dining room & finished basement. Security system. Attached 2 car garage. Attractive 1 acre lot on dead end street, minutes from turnpike exit. Call Jerry

New Furnace!

New Windows! Freshly Painted! New England style 3 bedroom home with 2 enclosed porches. Immaculate, move-in condition. First floor laundry room. Attached garage & workshop area in walk out basement. Priced to Sell Call Jerry

The low cost of heating this energy efficient home will amaze you! Stone chimney, 1st flr laundry, office, dining rm & potential 4th bedrm or den. Freshly painted inside & out. Attached garage & lg detached garage. Call Bethany

WANTED Class A or B Office Building within 50 miles of Lewiston/Auburn New Roof

Intown affordable 3 bedroom home. Kitchen boasts high end stainless range along with double wall ovens. Nice back yard with deck. Great price and affordable taxes make this a must see! Call Jerry

Upscale Apartment House with Good Cash Flow, MH Park within 25 miles of Lewiston

Looking to Invest?

This 6 unit has been exceptionally well maintained by one owner for 29+ years. Full basement & vinyl siding. Ample, paved parking area. 100% Occupied with long term tenants. Building is in excellent condition must see to appreciate! Call Jerry

www.JerryDouglassRealty.com • www.JerryDouglassRealty.com • www.JerryDouglassRealty.com

Federally insured by NCUA

December 2012