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  • $300,000

    23 Locust Street, Westbrook, ME 04092

    --beds
    --baths
    5,227Square Feet
    Land
    Built in ----
    5,227 Square Feet Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    **Investment and redevelopment opportunity in the City Center District.** The property has sustained significant fire damage and is in need of extensive repair and rehabilitation and/or demolition. Buyers should perform their own due diligence regarding the condition of the existing structure and the feasibility of repair or redevelopment. The property is located in **Zone 16 within the City Center District**, which offers **no-setback development potential and the potential for up to 14 units**, subject to municipal review and approval. Buyers are encouraged to verify zoning, permitted uses, unit density, dimensional requirements, and all redevelopment possibilities with the appropriate municipal planning and code enforcement departments. An opportunity for an investor or developer to reimagine the property and take advantage of its City Center location and development potential.
    16 days
    128
    2

    Zillow last checked:

    Listing updated:

    Listed by:

    The Flaherty Group

    Source: Maine Listings,MLS#: 1678137MLS Logo

      Facts & features

      Property

      Parking
      • Parking features: Paved, On Site
      Lot
      • Size: 5,227 Square Feet
      • Features: Business District, City Lot, Other
      Details
      • Parcel number: WSBRM040L188
      • Zoning: 16 CCD

      Utilities & green energy

      • Electric: On Site
      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Location
      • Region: Westbrook

      Financial & listing details

      • Tax assessed value: $296,800
      • Annual tax amount: $4,951
      • Date on market: 8/28/2026
      • Electric utility on property: Yes
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/28/2026Listed for sale$300,000+400%
        Source: Maine Listings #1678137 Report a problem
        3/9/2015Sold$60,000+20.2%
        Source: Maine Listings #1202065 Report a problem
        1/16/2015Listed for sale$49,900-71.8%
        Source: Fontaine Family - The Real Estate Leader Report a problem
        6/26/2014Sold$177,000+1.1%
        Source: Public Record Report a problem
        6/3/2010Listing removed$175,000
        Source: Sullivan Multi Family Realty, LLS #950787 Report a problem
        4/25/2010Price change$175,000-5.8%
        Source: Sullivan Multi Family Realty, LLS #950787 Report a problem
        11/26/2009Price change$185,858-10%
        Source: Sullivan Multi Family Realty, LLS #950787 Report a problem
        9/26/2009Listed for sale$206,509
        Source: Sullivan Multi Family Realty, LLS #950787 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$4,951 $296,800
        2023$4,951 +15.6%$296,800 +25.4%
        2022$4,284 +1.5%$236,700
        2020$4,220 -0.2%$236,700
        2019$4,227 +18.1%$236,700 +31.9%
        2018$3,579 +39.4%$179,400 +31.9%
        2017$2,568 +2.6%$136,000
        2016$2,502 +26.6%$136,000 +23.6%
        2015$1,976 -37.9%$110,000 -40.5%
        2014$3,180 $184,900
        2013$3,180 -1.2%$184,900
        2012$3,217 $184,900
        2011$3,217 +4.2%$184,900
        2009$3,088 -2.4%$184,900 -9.8%
        2008$3,163 +11.9%$205,000 +73.1%
        2006$2,826 $118,400
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 04092

        Getting around

        73 / 100
        Very Walkable
        31 / 100
        Some Transit
        76 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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