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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

NEW LISTING!

GORGEOUS RANCH In Lewiston, features landscaping, nice yard, 2 car attached garage, central air, 3 bedrooms, 2 baths, 4 season sun porch, new flooring, new paint, new carpets, ‘06 furnace & shingles, heated basement & more. Move in ready! Only $164,900

TEAM L’ITALIEN Roy L’Italien • 754-6789

LEWISTON

BEAUTIFUL UPDATED RANCH w/4 Bedrooms, 2 Baths (recently renovated w/plenty of cabinets!), central vac system, new roof 2013, fully finished basement w/separate laundry room. Solid surface countertops, tile floors, beautiful 20x24 stone patio w/HUGE 12x20 shed! Large private backyard! $168,000 LEGACY

REALTY Norm & Denise Brodeur • 754-6060 www.MaineHomeseller.net

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

1


Reduced

207-344-3250

195 Center Street Auburn, ME 04210

www.janjacques.com

Waterfront

$460,000

Rangeley Lake Year-round waterfront is convenient to the mountains for skiing & snowmobiling too! Hot tub plus 3 fls of living space.

Waterfront

$325,000

Fabulous Area 4-bedroom on a quiet cul-de-sac. Master suite, fin bsmnt. Screened front porch, back patio & Addition with hot tub & pizza oven!

Dead-End

$229,900

Just Listed

In-Ground Pool

2-Family

$300,000

Sell it - Sell it - Sell it! 4 Bed, 2.5Bath, spacious rooms, 1 attached & 1detached garage. 1 Bed apartment with finished bonus room in basement.

2-unit

$134,500

Reduced

Furnished

$215,000

2

$154,900

$100,000

Sunday River Fully furnished condo on mountain shuttle. Sleeps six comfortably. Common area w/ grill, back patio. Great rental!

$200,000

Owner says “Sell it” Cute cape situated on a spacious lot. Tile and hardwood floors plus corner fireplace in living room. Large back yard!

Must See

Move-in ready! Easy to show! Large bedrms & living rm, 2bed & 3bed apts. Big, sunny rms w/hw flrs. Enclosed & open 1st fl bed, updated kitchen & porches. New windows through newer roof shingles. Dining rm door opens to a spacious deck! out, updated 2nd floor bath! New boiler too!

$749,000

Dead-end road Year-round main house, cottage & building lot. 185’ of water frontage, great for snowmobilers & campers. 2 RV plug-in’s!

$289,000

1st time on market In-town acreage & charm galore! Spacious custom built ranch is on a quiet, 3 beds, 2 bath, hw flrs, recessed lighting, 2 fps, built-ins & great character. Dining access- dead-end street. Plenty of glass to enjoy the es deck & elevated dbl lot. Near Bates College! wooded view. Huge garage w/expansion room!

Amazing home! Mahogany floors, cath. ceiling, pond views! Superb kitchen, gas FP, sun room, lovely master suite, indoor pool and dock!

Waterfront

$269,900

Extra large rooms! 3 large bdrms, each w/own bath, large eat in kitchen, hw floors, laundry on each level, 2 generator sys. large basement w/3 oil tanks.

Buy Me

Spring Has Sprung

Have you been dreaming about building your own home? We have various lots. 2 Unit $329,000 Motivated $170,000

~ Land for Sale ~ Real Estate Review

$250,000

Near Bates 4+ beds & FPs in liv, fam & din rm. Screened porch, new deck, boiler & mature landscaping. HW floors & Large open rooms.

Motivated

$170,000

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

February 2006


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

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

possible Spacious home

One floor living!

Ranch with attached garage. Hardwood floors, Freshly painted inside & some updates. Full basement. Level, fenced in backyard. $139,000 Call Jerry

towards Purchasing a Home

with 1,350+/- sqft of office space. Fantastic location with plenty of visibility. Kitchen & dining room overlooking private backyard. Fireplace in family room & master bedroom. Plenty of parking + 2 car garage. $450,000 Call Jerry

25 Unit Package

Intown Affordable home.

Has been updated, including a double oven & gas stove. 3 bedrooms, 1st floor laundry. New Roof. Nice backyard. $54,000 Call Jerry

New Listing!

Ranch w/ finished basement. Master bedroom w/ bath & lg walk-in closet. Attached & Detached garage. Porch overlooks attractive lot. Call Bethany

New Listing!

Immaculate home in Auburn. New Furnace, freshly painted inside & dry basement. Attached Garage. Attractive lot. Excellent location. $120,000 Call Bethany

Mixture of 1, 2 & 3 bedrooms $360,000 Call Jerry

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

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

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

Shopping for a Maine home is simple at

May 2013

Real Estate Review

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

Worden Office • 473 Center Street • Auburn, Maine 04210 Great Time to Buy!

Mary Ann Norcross • 577-2754

CON

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ING NE

MLS 1085231 A 3 bedroom with furnace and pellet stove, plus 2 baths and fenced yard, easy commute to Augusta. $129,900 Call Mary Ann 577-2754

RED

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

IST

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MLS 1085023 A 3 bedroom ranch has gas heat, 2 baths, family room, acre lot near  turnpike for easy commute $195,000 Call Mary Ann 577-2754

NEW

MLS 1059568 A 4 bedroom, 2.5 bath tri-level has family room, fireplace, garage with storage and big yard with patio. $138,800 Call Mary Ann 577-2754

TIN

LIST

ING

MLS 1087305 First time offered! 1800’s, 4 bedroom Cape on 2.9 acres. Has a 2 story barn plus garage. $149,900 Call Mary Ann 577-2754

F TER WA

RON

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MLS 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

ACR

ES

MLS 1081694 Over 80 acres of rural land, possibility to subdivide, includes 1970 mobile with septic and well, $125,000 Call Mary Ann 577-2754

HOUSE BUYING TIP #4 ORGANIZE YOUR PAPERWORK. YOU WILL NEED ..... • Your Credit Report. Banks run their own copy, but you need to get your own Credit Report to verify that it is correct. • Bank statements for the last 2-6 months. 3 months is typical. • If you had a bankruptcy, collect all the paperwork together. • Last 2 consecutive pay stubs. Get 60 days worth, some banks ask for more. • Monthly statements or coupon books from loans you are paying off. • Last 2 W2 Forms. Some banks ask for your previous 2 tax filings. • Property tax statement from last year if you paid any. • If you are a recent graduate, get your transcripts, they will ask for them. • A form from your utility company stating that you are current on your bills. Most utilities have a standard form ready to fax out. • Income from divorce, alimony, Social Security, gaming, lawsuits, inheritance. • Your drivers license & social security card. • Car titles, if you own your car 100%. • Retirement plan statements for the last 3 months. • Statements from your Stock, Mutual Fund, or IRA accounts. • Any other 1099 forms that companies sent you for doing work for them. • Your last 3 credit card statements showing nice low balances. They will check your credit report for this, but have it ready in case they ask for it. • If any income is derived from ownership in a corporation, banks ask for the corporate tax return, even though earnings appear on your Schedule K. They verify income because if your down payment was from an illegal source, the government can seize your house, leaving the bank stranded.

Real Estate Review

February 2006


REALTORS

WORKING WITH OTHERS TO BUILD A BETTER COMMUNITY! Hold The Date

Androscoggin Valley Board of REALTORS® Affordable Housing Golf Tournament

Thursday, August 1, 2013 Martindale Country Club

Benefiting New Beginnings & Rebuilding Together Lewiston Auburn FMI Angela Lee 754.4221 ~ Bob Brickel 650.8209

Androscoggin Valley Board of REALTORS® http://avbor.com

www.newbeginmaine.org

www.rebuildingtogether.org

Pros and Cons of Renting vs Buying Pros of Buying a Property 1. The mortgage interest payments and property taxes are deductible. 2. When your property increases in value you will make a profit on an asset that you couldn’t afford to fully pay for in the first place. Cons of Buying a Property 1. You have the responsibility of maintaining the property. This could drain your resources, energy and time. 2. On average you have higher monthly costs when you take into consideration the property taxes and insurance. 3. You can’t move as freely as you can when you rent.

May 2013

Pros of Renting a Property 1. For the same cost every month you can generally afford a larger space when you rent than when you buy. 2. You have the flexibility to upgrade or downgrade the quality of your rental property as your own financial health improves or declines. 3. You have more discretionary money to spend since your money isn’t tied up in the rental property. Cons of Renting a Property 1. There is a risk that you will have to move when the landlord sells the property. 2. You won’t have as much freedom to decorate or renovate the rental property. 3. Rental payments are not tax-deductible and you cannot financially tap into the value of the rental property.

Real Estate Review

5


The Advantages of Condo Living! • Convenience and Freedom • Security • Maintenance is Worry Free

• Gym, Clubhouse, Social Events • Affordability • Near I-95 & Martindale Golf Course

Come See Luxury Living at Colonial Ridge Condominiums

Colonial Ridge

6

Est. 2005

58 Harvest Hill Ln. Auburn

24 Harvest Hill Ln. Auburn

29 Harvest Hill Ln. Auburn

7 Rooms, 3 Bedrooms, Gas Fireplace, Ex. Lg. Deck

Central Air Cond., 2.5 Baths, Open Kitchen, Dining & Living

Cherry Hardwood Floors, Granite Countertops, Walk-out Basement

$259,900

$234,900

$269,900

(Above photos represent similar attributes of all 3 condos.)

Better Homes and Gardens The Masiello Group

Janice Jannetty 207-577-2112 Mobile janicejannetty@masiello.com

155 Center St., Bldg A, Auburn, ME 04210

www.masiello.com

Marcel Poulin 207-795-9672 Office 207-576-3676 Mobile marcel poulin@masiello.com

© 2013, Imprev, Inc.

Information contained herein deemed reliable, but NOT guaranteed.

Real Estate Review

February 2006


207-344-3250 Visit

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

195 Center Street Auburn, ME 04210

More FEATURED PROPERTIES from

JAN JACQUES & COMPANY

Newly Listed

$235,000

Beautiful Landscape Stunning oversized Cape with dormers, located on quiet cul-de-sac. This 4 bedroom home offers cathedral ceilings, hardwood floors, fine Oak kitchen cabinets & builtins, hearth with woodstove, 1st floor master bed with bath and finished basement. Extra rooms for office and or projects.

Reduced

$189,000

Rolling Hill Estates This quaint 3 Bedroom Cape with attached garage and fully finished daylight basement offers so much! Oak hardwood, neutral carpets and vinyl flooring. Spacious master bedroom with plenty of closet space and builtin shelves! There is an 8.9 acre lot of common land with the association.

May 2013

Reduced

$200,000

Motivated Sellers!!! Beautifully kept 3 bedroom cape in the West Auburn area. Formal dining & living rooms, the kitchen offers a separate eat-in area, den opens onto a private patio, 2 fireplaces, hardwood, tile, new boiler & fabulous landscaping offers privacy on the patios. Finished family room in the basement & open lawn area for activities.

Newly Listed

$310,000

5 Minutes From Auburn Exit This handsome 3 bedroom 2.5 bathroom turn-key Condo is located near turnpike, golf and shopping! Meticulously maintained, open concept living with bonus room in walkout basement. Master suite, high ceilings, hardwood, tile, carpet and 1st floor laundry. Club house and full gym a plus!

Real Estate Review

7


Roy L’itaLien

L auRa DRinkwateR

John SuLLivan A W

A

“Make the Right Move… Call Us Today! ” 754-6789

TEAM L’ITALIEN

WWW.TEAMLITALIEN.COM

AWESOME RANCH

NEW LISTING!

Remodeled Ranch in Awesome 2009 custom Gorgeous Gambrel in 6 Unit in Lewiston. Lewiston. Features inbuilt Colonial in Auburn near Poland. Features 1.4 Features vinyl windows, ground pool, pool house, country club & turnpike. Offers acres, in-ground pool, porches, coin-op & sun deck for entertaining as more! Apartments are in approximately 3,000 sq. ft., 5 patio, 2 car attached well as new roof, appliances, bedrooms, 3 baths, open concept, garage, landscaping, 3 good shape. flooring and furnace and bedrooms, 2 baths, formal master suite, gorgeous granite ONLY $149,900! MORE! Centrally located counters & hardwood floors, 1st dining, pellet stove, 1st Call Roy at 754.6789 floor laundry & mudroom. floor laundry, porch & 2 car garage. near amenities. #1078320 #1085647 ONLY $129,900! #1052073. Price reduced to Only $215,000! Call John at 754.9492 $219,900! Call Laura at 212.8633 Roy 754.6789 WHY RENT?

Cute Cape in Lewiston. Features shed/workshop, upd electrical & plumbing, new paint, new carpets, vinyl windows & more!!! #1078405 ONLY $45,000!!! Lot rent is $155 / mth. Call John at 754.9492 NEW LISTING!

1987 Mobile nestled on a private setting in Minot. Features 2 acres, storage, 2009 shingles, siding, skirting, windows & kitchen w/SS appliances. #1085758 ONLY $59,900! Call Laura at 212.8633 MINOT

LEWISTON

NEW LISTING!

NEW LISTING!

Awesome Ranch in WELL KEPT & FULLY Gorgeous 2006 Raised Sabattus. Features 3 RENTED 3 UNIT in Ranch in Sumner. Features bedrooms, new roof, 3.4 acres, deck, gorgeous Lewiston. Features nice views, stone patio, heated yard, 3 car garage, ample windows, doors, paint flooring parking, porches, laundry and more! Partially finished garage, open concept, 2 hook-ups & newer furbaths, walk-out basement & basement and attached nace. ONLY $99,900! gen transfer! Move-in ready! heated garage! #1057960 #1085664 #1079676 ONLY $152,500. ONLY $149,900! Call Roy at 754.6789 Call Roy at 754.6789 Call Laura at 212.8633 NEW LISTING!

NEW LISTING!

Gorgeous Cape in Sabattus. Features new kitchen, windows, plumbing, SS apliances, carpets, paint & more! Also offers large deck & large backyard. Close to Martin’s Point Beach. #1084455 ONLY $93,500! Call Laura at 212.8633

Immaculate Ranch in Lewiston, 3 bedrooms, 2 baths, 4 season sunporch, central air, new paint, new flooring, new carpets, heated basement, ‘06 furnace & shingles, 2 car attached garage, landscaping, vinyl siding & more! Move in ready! #1088242 ONLY $164,900! Call Roy at 754.6789

NEW LISTING!

ENDLESS POSSIBILITIES with this 4000 sq.ft. hall in Sabattus on 8+ wooded acres w/ tons of parking! Features 2 event rooms w/kitchens, 2 bars, stage, double fireplaces, ample seating & bathrooms. Ideal for private club, hall rentals or catering! #1086818 $225,000 Call John at 754.9492

LEWISTON

NEW LISTING

• WWW.TEAMLITALIEN.COM

8

AWESOME 2009 COLONIAL!

WWW.TEAMLITALIEN.COM

• WWW.TEAMLITALIEN.COM

POLAND

B/O

TO BE BUILT CONDO IN AUBURN!

Features quiet intown location, 25 Gorgeous fully rented Gorgeous mobile in MiCape in Auburn. common acres, 2 car 2 unit in Lewiston. not. Features 9 acres, atv/ Features .80 acres, garage, 2 bedrooms, snowmobile trails, 2 sheds, fenced in yard, in-ground Features garage, fenced hardwood & more. portable car port & deck. pool, 3 bedrooms & more. in yard, 3 season porch, Close to shopping! vinyl windows and siding Mobile has been tastefully $199,000. remodeled & is being sold Home is in need of repair.  and more! Awesome #1089212 Call Laura at owner occupy!! #1070356 furnished. #1074946 ONLY $59,900! ONLY $77,000! ONLY $85,000! 212.8633 Call Roy at 754.6789 Call John at 754.9492 Call Roy at 754.6789 For more details.

Century 21 Advantage • 506 Main Street, Lewiston Real Estate Review

February 2006


10

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

February 2006


"Beginning Traditions"

(207) 376-4830 681 Sabattus St., Lewiston, ME 04240

Norm & Denise Brodeur

www.Legacy-Realty.com

GREAT TWO UNIT!

RENTAL PAYS MORTGAGE!

CUL-DE-SAC

NEIGHBORHOOD!

Very neat 2 family conveniently located to I-95.  5 Bedrooms total! Newer roof & windows! 1 car garage! MLS #1087571 $129,90 0 DODIE 423-4486

Two family in excellent condition! Newer windows + new Buderus Furnace! Each unit has 5 rooms, 2 Car Garage! MLS #1084635 $156,000  NORM 754-6060

One owner Ranch! +-1452 SF w/2-3 Bdrms, 2 Ba, 1st fl. laundry, 4 season room! 2 Car gar. MLS #1086011 $159,900  NORM 754-6060

Beautiful colonial built 2001! 4 Bdrms, 2 Ba, master suite w/Jacuzzi + 2-person shower! Formal DR., deck, above-ground pool. MLS #1084562 $169,700  NORM 754-6060

GREAT AREA!

MECHANIC FALLS

PRICE REDUCED!

DON'T MISS THIS!

Desirable location! Ranch w/3 BDrms, 1.5 Ba, formal DR, finished FR in daylight basement w/walk-out to in-ground pool.2 car gar. MLS #1075934 $167,000  NORM 754-6060

BRING AN OFFER! 9 Rms. total. 3 Bdrms, +-1450 Sq. Ft. 1st fl. laundry, screened-in porch. MLS #1078953 $49,900  NORM 754-6060

Ranch w/+-2991 SF, cul-de-sac location! 3 Bdrms, 2.5 Ba, Master Suite, cherry & granite in kitchen! 3 Car Garage! MLS #1073754 $277,700  NORM  754-6060

Rural Development qualified! Currently a 2 bedroom w/expandable 2nd floor! MLS #1061242 $58,000  NORM 754-6060

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.

May 2013

Real Estate Review

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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

Federally insured by NCUA

Straight Talk About Hardwood Floors The American Hardwood Information Center asked four top design professionals — a kitchen designer, an interior designer and two architects about their choices for hardwood flooring. And from the twenty or so most recognized hardwood species, here are some favorites, plus insights on how each hardwood is used. ASH — I like its natural tone, but I sometimes bleach it to make it look very creamy. Even if ash is sanded smooth, its surface appears to have texture. I like putting ash on floors. It accepts finishes well and, with its consistent grain, is incredibly handsome in its natural state. CHERRY — We choose cherry for flooring because of the color — a dark tone with a reddish tint. For cabinetry, we’ve used it with insets — a mix of cherry and maple. I use it more in cabinetry, though it can also be used for floors. You don’t stain it; it has a beautiful natural hue. Cherry gets lighter with age, and can be damaged by sunlight. I’m careful not to put it directly in front of large sunlit windows. HICKORY — Sometimes I use hickory on floors, instead of maple or oak. Its graining is special, giving a completely different look. MAPLE — It creates a hardy surface as flooring and is also very good for cabinetry. It can be used in its natural state and, because of its smoothness and tight grain, can be painted. We’ve made great-looking cabinets out of birds-eye maple in a natural finish. It’s really durable, and its surface is so hard it won’t absorb dampness. I’ve often specified maple for the interior of kitchen cabinets. OAK — Oak is the greatest. It has a pronounced grain and can be stained any color you want. And using oak is traditional, not trendy — like owning a pair of gray flannels. WALNUT — When we have clients who want really dark floors, we always choose black walnut for its subtle grain and rich tone. Walnut works equally well for cabinets. “We often apply an opaque ebonized finish to cover the wood yet maintain the grain. Concerning bamboo as a design option, Pavarini says that “it grows fast but is not as versatile as hardwood.

Real Estate Review

February 2006


Top 10 Remodeling Projects That Offer the Biggest Returns On February 18, 2013, in Home Trends, Remodeling Adviser, by Melissa Tracey By Melissa Dittmann Tracey, REALTOR(R) Magazine Home owners are investing in their homes once again, according to recent industry surveys that point to a strong rebound taking hold in home remodeling. Home owners also may be seeing higher gains from some of these remodeling projects at resale, according to the most recent Cost vs. Value Report, which reviews the top remodeling projects that offer the highest returns at resale. The Cost vs. Value Report is conducted each year by Remodeling Magazine, in conjunction with REALTOR(R) Magazine. So, which remodeling projects offer the potential for some of the biggest pay-backs at resale? The following mid-range remodeling jobs offer the highest returns, according to the 2013 Cost vs. Value Report.

1. Entry door replacement (steel) Estimated job cost: $1,137 Return on investment at resale: 85.6%

6. Attic bedroom Job cost: $47,919 ROI: 72.9% 7. Siding replacement (vinyl) Job cost: $11,192 ROI: 72.9%

2. Deck addition (wood) Job cost: $9,327 ROI: 77.3% 3. Garage door replacement Job cost: $1,496 ROI: 75.7%

8. Window replacement (vinyl) Job cost: $9,770 ROI: 71.2% 9. Basement remodel Job cost: $61,303 ROI: 70.3%

4. Minor kitchen remodel Job cost: $18,527 ROI: 75.4% 5. Window replacement (wood) Job cost: $10,708 ROI: 73.3%

10. Major kitchen remodel Job cost: $53,931 ROI: 68.9%

Courtesy of Androscoggin Valley Board of Realtors

May 2013

Real Estate Review

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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 Real Estate Review

February 2006


How To Buy A Pre-Owned Home • Be sure to get your credit score before you shop for a house. • Just because you’re approved for $200,000 does not mean you have that much to spend. • Don’t buy a house in a rush.

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

Worden Office

Can I realistically afford a home?

473 Center Street • Auburn, Maine 04210

M

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IG ER

S CRE

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PRI

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LOR TAY

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May 2013

D

MLS 1084093 4 Bedroom, 2 bath in East Auburn school district, tile & wood, floors, new kitchen, master suite, roof & windows. $119,000 Call Barbara 240-9019 MLS 1085391 Expanded 3 bed, 2 bath ranch on private 8 acres with master suite, sun-porch 2,000 sq ft with pool. $250,000 Call Barbara 240-9019 MLS 1082980 4.6 Acre lot at South end of Taylor Pond, 138 feet of sandy waterfront ready to build. $275,000 Call Barbara 240-9019

Real Estate Review

Lenders typically want the buyer to contribute a portion of their own funds toward the purchase of a home. These funds are often referred to as the down payment. There are many options available to home buyers who need help with down payments. Some mortgage financing requires as little as 3 percent down. How much will you need at closing? Consider a family that wants to purchase a $150,000 home with a required down payment of 5 percent. The down payment would total $7,500. You also have to be prepared to pay closing costs, which can range from 3 percent to 6 percent of the sales price of the home. For a $150,000 home, that would mean $4,500 to $9,000, depending on your down payment.

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T ER R Y H EWITT

BELANGER REALTY Visit: www.TerryHewitt.com

tt

Terry Hewi

for ALL current listings in Maine

998-4516 Ext. 203 Cell:

207-240-9196

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

EMAIL: RealEstateWithTerryHewitt@gmail.com

THOMPSON LAKE

East Shore Beauty with sandy beach!

THOMPSON LAKE

RANGE POND

Up to 6.44 acres of land available and 300 feet of waterfront!

1.5 acres, 157 ft of waterfront and cottage!

THOMPSON LAKE

WHITNEY POND

WHITNEY POND

$349,900

$149,000

$289,000

$349,900

$499,000 to $689,000

Quality Home with expansive views!

Classic Maine Cottage!

THOMPSON LAKE

THOMPSON LAKE

POLAND

$179,000

THOMPSON LAKE

Cozy Waterfront Cottage!

Quality home and 420 feet of owned waterfront!

$189,000

THOMPSON LAKE RIGHTS Beautiful Home just a short walk from the lake!

$225,000

Charm and Charter!

Post and Beam Home!

WHITNEY POND

Over 8 Acres and 200 feet of waterfront!

Deep water frontage and expansive views!

$225,000

OXFORD

Nice Ranch on over 5 acres!

$119,000

$449,000

POLAND

New Ranch with all the extras!

$149,900

POLAND

Immaculate double wide in nice park!

$39,900

OXFORD

Large Ranch on a beautiful lot!

$119,900

POLAND

2 acres, garage and mobile with additions!

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February 2006


May 2013 Real Estate Review