1 Griffin Rd Scarborough, ME 04074
Estimated payment $4,810/month
Highlights
- Ocean Front
- Nearby Water Access
- Colonial Architecture
- Scarborough High School Rated A-
- Public Beach
- Property is near public transit
About This Home
Well maintained three-unit building in the Pine Point area of Scarborough presents a strong investment opportunity in one of Southern Maine's most desirable coastal neighborhoods. Each unit offers bright, functional living space with updated kitchens, baths, heating systems with plenty of off-street parking. The 1st level features a large two bedroom unit while the 2nd floor features two 1 bedroom units. This building would be great to owner occupy with spacious units and strong rental demand both on a year-round basis and excellent potential for short-term rental income. Open house Friday 8/22 12-2:00 and Saturday 8/23 12-2:00.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,476
Year Built
- Built in 1950
Lot Details
- 0.33 Acre Lot
- Ocean Front
- Public Beach
- Street terminates at a dead end
- Landscaped
- Level Lot
- Open Lot
Home Design
- Colonial Architecture
- Concrete Foundation
- Block Foundation
- Wood Frame Construction
- Metal Roof
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- 2,634 Sq Ft Home
- 3-Story Property
- Screened Porch
Flooring
- Wood
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- Main Floor Bedroom
- 3 Full Bathrooms
- Bathtub
Laundry
- Laundry on main level
- Washer and Dryer Hookup
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Sump Pump
- Natural lighting in basement
Parking
- Driveway
- Paved Parking
- On-Site Parking
- Off-Street Parking
Outdoor Features
- Nearby Water Access
- River Nearby
- Shed
Location
- Property is near public transit
- City Lot
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Gas
- Heating System Uses Propane
- Baseboard Heating
- Hot Water Heating System
- Gas Water Heater
- Internet Available
- Cable TV Available
Listing and Financial Details
- Tax Lot 51B
- Assessor Parcel Number SCAR-000033U-000000-000051B
Community Details
Overview
- No Home Owners Association
- 3 Units
- The community has rules related to deed restrictions
Amenities
- Community Storage Space
Building Details
- Operating Expense $10,000
- Gross Income $54,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,476 | $501,000 | $142,800 | $358,200 |
| 2023 | $5,764 | $360,900 | $101,600 | $259,300 |
| 2022 | $5,554 | $360,900 | $101,600 | $259,300 |
| 2021 | $5,421 | $360,900 | $101,600 | $259,300 |
| 2020 | $5,363 | $360,900 | $101,600 | $259,300 |
| 2019 | $5,305 | $360,900 | $101,600 | $259,300 |
| 2017 | $5,056 | $306,600 | $143,600 | $163,000 |
| 2016 | $4,881 | $306,600 | $143,600 | $163,000 |
| 2015 | $4,749 | $306,600 | $143,600 | $163,000 |
| 2014 | $4,630 | $306,600 | $143,600 | $163,000 |
| 2013 | -- | $306,600 | $143,600 | $163,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/20/2025 08/20/25 | For Sale | $799,000 | +114.6% | $303 / Sq Ft |
| 04/02/2018 04/02/18 | Sold | $372,250 | +2.0% | $126 / Sq Ft |
| 02/28/2018 02/28/18 | For Sale | $365,000 | -- | $124 / Sq Ft |
| 02/27/2018 02/27/18 | Pending | -- | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $359,431 | FHA | |
| Previous Owner | $235,000 | Commercial | |
| Previous Owner | $236,300 | Commercial |
Source: Maine Listings
MLS Number: 1634952
APN: SCAR-000033U-000000-000051B
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