388 WESTERN AVENUE
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Location
388 WESTERN AVENUE
Mblu
17/ 5/ / /
Acct#
603250
Owner
STEWART TERRACE LLC
Total Market Value
$4,943,300
PID
3804
Building Count
1
Current Value
Assessment
Valuation YearImprovementsLandTotal
2026$4,343,300$600,000$4,943,300

Owner of Record
OwnerSTEWART TERRACE LLC
Co-Owner
Address15 MAIN ST
SUITE 210
FREEPORT , ME 04032
Sale Price$3,275,000
Certificate
Book & Page 7480/0214
Sale Date06/27/2003
Instrument00

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
STEWART TERRACE LLC$3,275,000 7480/02140006/27/2003
KALO HOTEL CORP$1,425,000 5734/00030009/16/1998
MUSTANG PROPERTIES INC$1,037,500 5183/00841L07/26/1996
FEDERAL DEPOSIT INSURANCE CORP$0 4910/01391B05/31/1995
FLEET BANK OF MAINE$0 4741/01591L06/30/1994

Building Information
Building 1 : Section 1
Year Built: 2011
Living Area: 46,905
Building Attributes
FieldDescription
Style:Motel
ModelCommercial
GradeGood
Stories:3
Occupancy81.00
Exterior Wall 1Brick/Masonry
Exterior Wall 2 
Roof StructureFlat
Roof CoverRolled Compos
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2Ceram Clay Til
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Bldg UseHOTELS
Total Rooms 
Total Bedrms81
Total Baths2
1st Floor Use:3000
Heat/ACHEAT/AC SPLIT
Frame TypeSTEEL
Baths/PlumbingAVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsAVERAGE
Wall Height8.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
FUSUpper Story, Finished 31,270 31,270
BASFirst Floor 15,635 15,635
CANCanopy 849 0
FEPPorch, Enclosed, Finished 160 0
   47,914 46,905

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
ELP1ELEV PAS 2-3 STP1.00 UNITS$58,5001
SPR2WET/CONCEALED47000.00 S.F.$174,1001

Land
Land Use
Use Code3010
DescriptionMOTELS MDL-94  
Neighborhood
Alt Land ApprNo
Category
Land Line Valuation
Size (Buildable Lot)80.0000
Frontage0
Depth0
Total Market Land$600,000

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
SPL1POOL-INGR CONC  384.00 S.F.$31,4001
LT1LIGHTS-IN W/PL  12.00 UNITS$7,2001
LT2W/DOUBLE LIGHT  1.00 UNITS$9001
PAV1PAVING-ASPHALT  70000.00 S.F.$140,0001
Valuation History
Assessment
Valuation YearImprovementsLandTotal
2025$4,343,300$600,000$4,943,300
2024$4,343,300$600,000$4,943,300
2023$4,343,300$600,000$4,943,300
Valuation History
Exemptions
Exemption YearCodeDescriptionAmount
20032NON-RESIDENTS$0

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