40 Spring Street

40 Spring Street has been categorized by the local assessors in Mechanic Falls, ME as a residential type of property. The building on the property was first built in 2003 and is 21 years old. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 40 Spring Street has 1,092 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 137,214 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. The property was last sold in Jan 1, 1970 for $185,000. That's $169.41 per sqft. Prior to that sales transaction, the property was also sold in Jan 1, 1970 for $181,900. 40 Spring Street was last assessed in 2023. The total value of the property was assessed at $224,646. Specifically, the land the property is located on was valued at $60,020. While improvements on the property were assessed at a total of $164,626. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $3,145. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.