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516 Pleasant Street

516 Pleasant Street, Lewiston, ME 04240
Property in Lewiston
516 Pleasant Street in Lewiston, ME was first built in 1990 and is 34 years old. This has been categorized as a commercial property type. In total, the area measurement of the land is 84,942 square feet.

Learn more about the property and building on this page. For those who need parking, there is a paved and surfaced garage. As for heating, the home is utilizing a forced air unit. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 516 Pleasant Street was last sold in Oct 9, 2020 for $1,500,000. According to our calculations, that's $53.23 per sqft. Prior to that sales transaction, the property was sold for $1,000,000 in Jan 1, 1970. Current property owners are expected to pay $38,016 in taxes per year. The property on 516 Pleasant Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $1,333,890. To break that down further, the land itself was valued at $252,310. While improvements to the property were assessed at a total of $1,081,580. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Bedroom Count: 0
  • Living Units: 66
  • Basement Area: 0
  • Garage Type: Paved and surfaced
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 84,942
  • Total Building Area: 28,182
  • Gross Building Area: 28,182
  • Building Area: 28,182
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Land Acres: 1.95
  • Standard Land Use Code: Motel

Ownership

  • Current Owner : A & Y HOSPITALITY LLC
  • Previous Owner : LEWISTON MOTEL LLC
  • Owner Before Previous Owner: MOTEL 6 OPERATING LP
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Lewiston
  • School Tax School District: LEWISTON PS
  • Census Tract: 020802

Geography

  • Parcel: LEWI M:124 L:021
  • Lot: 21
  • Municipality: LEWISTON
  • Latitude: 44.0764
  • Longitude: -70.1792

    Address

  • Full Address: 516 Pleasant St
  • Address - House Number: 516
  • Address - Street Name: Pleasant
  • Address - Suffix Type: St
  • State: ME
  • City Name: Lewiston
  • Carrier Code: C019
  • 4-Digit Zip Code: 3938
  • Zip Code: 04240

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $38,016

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,400,000
  • First Open Lien Mortgage Lender: BANGOR SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Feb 15, 2022
  • First Open Lien Mortgage Loan Amount: $2,400,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,333,890
  • Assessed Land Value: $252,310
  • Assessed Improvements Value: $1,081,580

    Sales

  • Current Sale Contract Date: Oct 09, 2020
  • Current Sale Recording Date: Oct 13, 2020
  • Current Sale Transaction ID: 11792379166
  • Current Sale Price: $1,500,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20007
  • Previous Sale Recording Date: Aug 31, 2011
  • Previous Sale Amount: $1,000,000
  • Previous Sale Document Type: Intrafamily Transfer & Dissolution

    Last Sale Mortgage

  • First Mortgage Lender: LEWISTON MOTEL LLC
  • First Mortgage Transaction Date: Oct 13, 2020
  • First Mortgage Loan Amount: $1,200,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: CAMDEN NATIONAL BANK
  • Previous Mortgage Transaction Date: Aug 31, 2011
  • Previous Mortgage Loan Amount: $800,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Lewiston



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Frequently Asked Questions

What neighborhood is 516 Pleasant Street located in?
The 516 Pleasant Street is a located in the neighborhood of Lewiston in Lewiston, Lewiston.
What is the average sales price for listings in 516 Pleasant Street?
The average sales price for units in 516 Pleasant Street is $0 currently.

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