31 Kelsey Street, Waterville, ME, 04901
About This Home
Much of the heavy lifting at 31 Kelsey Street is already done - new heating system, new electrical panel, updated plumbing, and sheetrock throughout. The current owner has taken this project as far as they can and is passing the opportunity along at a price that reflects the work remaining. Three floors provide 3-4 bedrooms, 2 baths, a den, family room, and dedicated laundry. Currently configured as a single-family, the layout lends itself easily to a two-unit conversion for an investor looking to maximize return. Basement stabilization is needed and contractor quotes are in hand, so you can underwrite this one with real numbers rather than guesswork. The transition and barn are at the end of their life and priced as teardowns (seller has quote) - they've been deliberately left standing so the grandfathered footprint remains available to a purchaser who wants to build back or expand into that space. This is a project, not a flip-and-list weekend. But for a developer or investor with a crew and a plan, the math here is hard to beat. Sold as-is.
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1886
Materials
- Foundation: Brick/Mortar
- Roof: Shingle
- Construction materials: Wood Frame,Aluminum Siding,Clapboard,Wood Siding
Type & Style
- Home type: SingleFamily
- Architectural style: New Englander,Other
- Property subType: Single Family Residence
Interior
Basement
- Has basement: Yes
- Basement: Bulkhead,Brick/Mortar
Bedroom1
- Level: Second
Bedroom3
- Level: Third
Bedroom4
- Level: Third
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Den
- Level: First
Dining Room
- Level: First
Features
- Flooring: Carpet,Laminate,Vinyl,Wood,Hardwood
- Number of fireplaces: 1
- Fireplace: Yes
- Finished area below ground: 0
- Finished area above ground: 2,081
Heating & Cooling
- Heating features: Hot Water
- Cooling features: None
Interior Area
- Total structure area: 2,081
- Total interior livable area: 2,081 sqft
Kitchen
- Level: First
Laundry
- Level: First
Other
- Level: First
Other
- Level: Second
Property
Details
- Parcel number: WAVLM057B140
- Zoning: RC
Features
- Levels: Multi/Split
Lot
- Lot size: 9,147 sqft
- Features: Near Shopping,Near Turnpike/Interstate,Near Town,Neighborhood,Level,Open Lot
Parking
- Parking features: Gravel,Other,Paved,1 - 4 Spaces
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Ice Storm
- Winter Weather
- Lightning
- Hurricane
- Inland Flooding
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters Across Maine Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,259 | $15,108 |
| Home Insurance | $115 | $1,380 |
| Property Taxes | $403 | $4,836 |
| Electricity | $302 | $3,629 |
| Total | $2,079 | $24,948 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-27 | Listed for sale | $249,000 |
| 2024-10-24 | Sold | $97,000 |
| 2024-10-07 | Pending sale | $105,000 |
| 2024-09-11 | Listed for sale | $105,000 |
| 2012-12-21 | Listing removed | $132,900 |
| 2012-09-05 | Price change | $132,900 |
| 2012-08-28 | Price change | $133,900 |
| 2012-03-07 | Listed for sale | $137,900 |
For Sale by Agent
View on Zillow